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Markets

WhatsApp to launch digital payments service in India

Messaging giant WhatsApp plans to launch its first payment service this year in India, its biggest market with 400 million users, the company said Friday.

Markets

Alphabet shares jump 9per cent on ad rebound, cloud promise

Shares of Alphabet Inc rose nearly 9per cent in premarket trading on Friday, after the company handily beat Wall Street targets on higher ad sales and touted growth at its cloud unit, a high-margin business it is leaning more on to drive growth.

Markets

US economy slows in second quarter; consumer spending accelerates

The U.S. economy likely grew at its slowest pace in more than two years in the second quarter as an acceleration in consumer spending was probably offset by weak exports and business investment.

Markets

US economy misses Trump’s 3per cent target in 2018

U.S. economic growth in 2018 missed the Trump administration's 3per cent target by any measure, which could renew criticism of the White House's US$1.5 trillion in tax cuts.

Markets

McDonald’s US same-store sales top forecast on new deals, revamped stores

McDonald's Corp reported a stronger-than-expected rise in sales at established U.S. restaurants on Friday, as the world's largest burger chain benefited from national and local deals, including the 2 for US$5 Mix and Match offer.

Markets

McDonald’s US same-store sales beat expectations

McDonald's Corp reported a stronger-than-expected rise in sales at established U.S. restaurants on Friday, as the world's largest burger chain benefited from national and local deals, including the 2 for US$5 Mix and Match offer.

Markets

Alphabet says to continue talks with DoJ in antitrust review

Alphabet Inc on Thursday acknowledged a broader U.S. Department of Justice antitrust review of large technology firms and said it will continue to engage with the regulator.

Markets

Huawei rolls out 5G phone and flags first Hongmeng device

Huawei Technologies on Friday released its first 5G phone in China and said it would soon launch smart TVs equipped with its own Hongmeng operating system.

Markets

Twitter beats on revenue, sees rise in daily users viewing ads

SAN FRANCISCO: Twitter posted a better-than-expected second-quarter revenue on Friday (Jul 26) and an uptick in daily users who see advertisements on the site, driven by changes to show users more relevant content. However, the company forecast third-quarter revenue below many Wall Street ...

Markets

New auto safety technology leaves insurers in the dark

Automakers are accelerating the rollout of technology designed to avoid crashes, but insurance companies are waving a caution flag at consumers eyeing discounts for buying collision-avoiding brakes or automated cruise control.

Markets

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