BUENOS AIRES: Recession-hit Argentina opens talks this week with a team from the International Monetary Fund, seeking relief from what President Alberto Fernandez says is an unsustainable foreign debt. With the IMF delegation due to arrive in Buenos Aires on Wednesday (Feb 12) for a three-day ...
LONDON: European stock markets climbed on Wednesday (Feb 12) on easing investor concerns over the economic impact of COVID-19. While the death toll from China's coronavirus epidemic climbed past 1,100 on Wednesday, the number of new cases fell for a second straight day, raising hope the outbreak ...
Facebook has postponed the rollout of its new dating services in the European Union scheduled for Thursday after Ireland's Data Protection Commissioner (DPC), the company's main regulator in the bloc, raised concerns about the launch.
WASHINGTON: Federal Reserve Chair Jerome Powell on Wednesday (Feb 12) reiterated his confidence in the sustainability of the record-long US economic expansion, now in its 11th year. "There’s no reason why the current situation of low unemployment, rising wages, high job creation - there’s no ...
SAN FRANCISCO: The Facebook-owned messaging service WhatsApp said Wednesday (Feb 12) it now has more than two billion users around the world, as it reaffirmed its stand on the need for strong encryption to protect privacy. WhatsApp, acquired by Facebook in 2014, has grown into one of the most-used ......
BP plans deep cuts to its carbon emissions by 2050, setting one of the oil sector's most ambitious targets, as part of the biggest overhaul in the company's 111-year history by new chief executive Bernard Looney.
GENEVA: The UN has released a list of 112 companies with activities in Israeli settlements, which are considered illegal under international law, including Airbnb, Expedia and TripAdvisor. The report comes in response to a 2016 UN Human Rights Council resolution calling for a "database for all ...
SoftBank CEO Masayoshi Son threw cold water on Wednesday on the idea of cutting his firm's US$150 billion stake in e-commerce giant Alibaba, after prominent activist investor Elliott Management called for big buybacks.
Shareholder activists focused on climate issues vowed to press proxy battles with JPMorgan Chase & Co after getting a cold reception from the top Wall Street bank, even though Chief Executive Jamie Dimon has vowed to protect the environment.
World markets started shrugging off the worst of the coronavirus impact last week and stock markets have since reached record highs. China's announcement that new cases of the so-called COVID-19 detected on Tuesday were at their lowest since Jan 30 has only consolidated those gains.
