Markets

The rapidly growing internet sector accounted for US$2.1 trillion of the U.S. economy in 2018, or about 10per cent of the nation's gross domestic product (GDP), an industry group said on Thursday.

Online giant Amazon is the latest company to be sued under a US law for profiting from property seized by Cuba's communist government after the 1959 revolution.

Fast food giant McDonald's is dipping another foot into the world of plant-based "meat", announcing plans on Thursday (Sep 26) to test a vegetarian burger in Canada. The "PLT", standing for "Plant, Lettuce, Tomato", will be available for 12 weeks in 28 restaurants in Ontario starting on Sep 30 ...

Airbus Chief Executive Guillaume Faury said on Thursday he will continue to advocate for a settlement on trade between the United States and Europe and called the imposition of tariffs a "lose-lose game" on both sides of the Atlantic.

Italian oil and gas group Eni said on Thursday its chief executive, Claudio Descalzi, was under investigation for a conflict of interest issue over dealings in the Congo.

Micron Technology Inc forecast first-quarter profit below Wall Street targets, saying it was "mindful" of economic and trade uncertainty even though there were signs of an uptick in memory chip demand, sending its shares down nearly 6.5per cent.

PARIS: France's government unveiled a draft 2020 budget on Thursday (Sep 26) with more than €9 billion in tax cuts for households as it hopes to move on from on from roiling "yellow vest" protests while still cutting the deficit to within EU limits. The "social crisis" brought on by...

Carole Ghosn, the wife of former Nissan Chairman and Chief Executive Officer Carlos Ghosn, on Thursday raised doubts about her husband getting a fair trial in Japan in an interview to CNBC.

WITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks' earnings are not at imminent risk with the eventual launch of digital banks, a CGS-CIMB report showed.

SEEING "incredible" opportunities for outsourced chief investment officer (OCIO) services in Asia, Purple Asset Management has launched an OCIO service provider to get a slice of the regional market potentially worth US$1.8 trillion.