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Ride-hailing platform Uber Technologies Inc is looking to spin off the robotics unit of Postmates, a food delivery startup it acquired last year, TechCrunch reported on Friday, citing people familiar with the matter.
State attorneys general are planning a third lawsuit against Alphabet Inc’s Google, this one focused on the search and advertising giant’s Play Store for Android phones, according to two sources familiar with the matter.
Apple Inc is discussing launching a new subscription-based podcast service, the Information reported https://www.theinformation.com/articles/apple-plans-podcasting-subscription-service-in-threat-to-spotify on Friday, citing people familiar with the matter, in direct competition with Spotify’s podcast offerings.
European stocks snapped four weeks of gains on Friday, as the prospect of tighter lockdowns, slow vaccine shipments to the continent and resurgent coronavirus cases in China dampened hopes of a speedy economic recovery.
The European Commission welcomed a $1.9 trillion stimulus package proposed by President-elect Joe Biden to help the U.S. economy deal with the COVID-19 pandemic, but said its full impact would not become clear until Congress debates it.
France’s Total on Friday became the first major global energy company to quit the main U.S. oil and gas lobby due to disagreements over its climate policies and support for easing drilling regulations.
U.S. holiday sales jumped 8.3% last year to record their best growth in at least 19 years, as consumers used their stimulus checks to splurge on gifts, the National Retail Federation (NRF) said on Friday.
The U.S Securities and Exchange Commission has launched an investigation of Exxon Mobil Corp following a whistleblower complaint that the oil major over-valued a key asset in the top U.S. shale field, the Wall street Journal reported on Friday.
The European Union is looking to engage quickly with the Biden administration to resolve major trade irritants, including disputes over digital taxes and commercial aircraft subsides, EU Director General for Trade Sabine Weyand said on Friday.
Walmart Inc said on Friday its chief executive for e-commerce operations in the United States, Marc Lore, will step down at the end of the month.
France on Thursday took a tough line against any takeover of retailer Carrefour by a foreign company, dealing a major blow to a near $20 billion bid approach by Canada’s Alimentation Couche-Tard.
Amazon Inc’s cloud computing division opened its first office in Greece on Friday to support what it said was a growing number of companies and public sector agencies using its cloud services.
Among the first in the queue for coronavirus vaccines in Indonesia has been one conspicuous group – social media influencers.
Amazon.com Inc was slapped with a class-action lawsuit on Thursday accusing the e-commerce giant of inflating the prices of ebooks in collusion with some publishers.
Jack Dorsey explains last week’s Great Purge and why it’s only the beginning.
Indonesia’s soon-to-be launched sovereign wealth fund is targeting $20 billion in investment in the next few months, President Joko Widodo said.
Small businesses, from restaurants to nightclubs and wedding planners to beauty parlours, on Friday won the right to insurance payouts after Britain’s highest court ruled their policies should cover losses caused by coronavirus lockdowns.
Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but beat Wall Street expectations, as an improving economic outlook allowed it to release cash it had previously set aside for bad loans.
Wells Fargo & Co reported a surprise quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key Chinese chip factories, industry officials said.
“We have also gathered evidence that strongly suggests the donor was a now-deceased computer programmer based in France”
Google and Facebook executives were placed on the defense this week as they were questioned on the role their platforms played in the Jan. 6 breach of the U.S. Capitol.
A blistering rally in the shares of regional banks may be tested when a spate of lenders report results in the coming week.
JPMorgan Chase & Co reported a much better-than- expected 42% jump in fourth-quarter profit on Friday, driven by the release of some of the reserves it had built up against coronavirus-driven loan losses and continued strength in its trading and investment banking units.
Britain’s economy shrank by 2.6% in November, the first monthly fall in output since the country was under its initial COVID lockdown last April as new restrictions were imposed to slow the spread of the disease.
Pension fund managers and religious investors on Friday asked top social media companies to step up their content control efforts to reduce the threat of violence ahead of the inauguration of U.S. President-elect Joe Biden next week.
BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc.
BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on U.S. investment, a stock market filing on Friday showed.
Estonian company Single.Earth has raised millions of dollars to buy forests and wetlands, it said on Friday, aiming to tap into a rapidly growing carbon-offset market and public concern over the amount of logging in the country.
A Swedish court has dismissed an appeal by Huawei against its exclusion from the country’s 5G network roll out, paving the way for the 5G spectrum auction scheduled for next week to proceed as planned.
Global equities led fund inflows in the seven days to Jan. 13, Refinitiv Lipper data showed, bolstered by expectations of U.S. stimulus measures and extended bets on global economic recovery.
President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus pandemic with an economic lifeline that could exceed $1.5 trillion and help minority communities.
From cancelled hotel bookings ahead of the Lunar New Year to steel piled up at mills because of transport curbs in Hebei province, China’s battle against a new wave of COVID-19 infections clouds what has been a dramatic economic recovery.
U.S. equity funds saw inflows of $2.2 billion in the week ended Wednesday, a period when Wall Street indexes hit record highs on optimism that President-elect Joe Biden will be able to push more economic stimulus through a Congress controlled by Democrats.
A proposed $1.9 trillion coronavirus relief stimulus package from President-elect Joe Biden may prove a double-edged sword for investors, sustaining optimism for further economic revival while raising worries over how the United States will pay for it all.
On Wednesday, Joe Biden will be inaugurated as the 46th president of the United States, taking over the leadership of a country racked by COVID-19, deep socio-economic divisions and facing challenges to its global leadership role.
Euro zone banks have suffered some damage so far from the coronavirus pandemic, but that could change once official support measures are lifted, the European Central Bank’s top supervisor said on Friday.
China’s banking and insurance regulator on Friday banned commercial banks from using third-party internet platforms to sell deposit products, including those relating to fixed-term deposits.
French conglomerate Bouygues aims to expand its telecoms business to become France’s second-largest mobile operator in terms of subscribers by 2026, it said on Friday.
Chinese financial regulators have asked Ant Group Co Ltd to ensure the quality of financial services to the public as it works on rectifying its business, the central bank’s vice governor Chen Yulu said Friday.
A takeover approach for Carrefour by Canada’s Alimentation Couche-Tard is raising concerns over jobs and the future management of the French retailer among staff, a Carrefour CFDT union representative said on Friday.
KONUX, a Munich-based startup that uses artificial intelligence to help run railway networks, said on Friday it had raised $80 million from investors, and would hire 100 data scientists and software engineers to develop and expand its product portfolio.
Financial executives are settling in for the long haul over the Trump administration’s investment ban on Chinese securities, expecting the rules to be lasting but hoping to have more clarity after President-elect Joe Biden takes office.
Goldman Sachs Group Inc is considering acquisitions to bulk up its consumer banking unit Marcus, after the Wall Street firm slowed loan and deposit growth at its fledgling business last year in the wake of the coronavirus pandemic, three bank sources said.
The co-founder of U.S. LNG developer Tellurian said Thursday that the company is targeting this summer to begin construction of its $16.8 billion Driftwood LNG export project in Louisiana as demand for the super-cooled fuel surges worldwide.
Food has become so expensive in Turkey that some people are spending what money they have to stock up on rice and pasta to avoid swallowing even higher prices in the months ahead.
The United States announced sanctions on Chinese state-owned enterprise and military officials on Thursday and added Chinese oil giant CNOOC to a blacklist, accusing them using coercion against states with rival claims in the South China Sea.
The World Economic Forum (WEF) is aiming to attract around 1,000 delegates for its Singapore summit in late May and wants the iconic Marina Bay Sands complex to host the event, two sources familiar with the organisation’s plans said.
Shares of Australia’s Tyro Payments Ltd plunged more than 12% on Friday after a short seller said the company had under-reported the extent of outages across its payments terminals over the past week.
Japan’s exports likely rose for the first time in two years in December as overseas demand improved, according to a Reuters poll, but a continued surge in coronavirus cases globally and extended lockdowns could hurt shipments in coming months.
