Business
UK suffers record recession on virus fallout
London (AFP) – Britain’s economy shrank by one fifth in the second quarter, more than any European neighbour, as the country’s coronavirus lockdown slammed businesses...
Trump order targets Chinese internet giants TikTok, WeChat
Washington (AFP) – US President Donald Trump has announced sweeping restrictions against Chinese-owned social media giants TikTok and WeChat, his latest explosive move aimed at...
Microsoft eyes entire operations of TikTok in talks: report
New York (AFP) – Microsoft has expanded its talks on TikTok to a potential deal that would include buying the global operations of the fast-growing...
Uber sees $1.8 bn loss as pandemic stalls revenue
San Francisco (AFP) – Uber on Thursday reported a $1.8 billion loss in the recently ended quarter as the pandemic caused its shared-ride business revenue...
Stock markets gain support from US stimulus optimism
London (AFP) – Stock markets recovered from early weakness on Tuesday as optimism about a fresh US economic stimulus package crept back into trading rooms.Democrats...
N. American trade pact takes effect in pandemic-ravaged world
Washington (AFP) – The USMCA trade agreement has been hailed as the start of a new era in North American commerce. Unfortunately, it officially launched...