Uber has announced a drastic action plan to scale back its business as its losses balloon…
Category: News
JC Penney: US department store files for bankruptcy
American department store JC Penney has filed for bankruptcy becoming the latest company to be hit…
Japan’s economy falls into recession as virus takes its toll
Japan has fallen into recession as the financial toll of the coronavirus continues to escalate. Read…
Singapore state investor Temasek joins Libra, Facebook’s digital currency project
The global Facebook-backed digital currency project Libra has a new supporter: Singapore state investor Temasek Holdings. Read…
Apple supplier TSMC to build a $12 billion chip factory in the US
Taiwan Semiconductor Manufacturing Co (TMSC) said on Friday it will build a semiconductor facility in Arizona, as…
Amazon launches a new $90 tablet as people are stuck at home
Amazon just announced two new 8-inch Fire tablet models that start at $89.99. Read more at https://www.cnbc.com/2020/05/13/amazon-fire-hd-8-new-version-announced-costs-90.html
Tencent shares hit a more than 2-year high after smartphone games led to an earnings beat
Tencent shares soared to a more than two-year high on Thursday after reporting first-quarter earnings that beat expectations.…
India announces $264bn economic rescue package
India has announced a 20 trillion rupee ($264bn; £216bn) economic package to help the country cope…
UK economy shrinks at fastest pace since financial crisis
The UK economy shrank at the fastest pace since 2008 in the first three months of…
Bitcoin ‘halving’: What does the much-hyped event mean?
Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins…
Branson to sell Galactic stake to prop up Virgin
Sir Richard Branson is selling a stake in Virgin Galactic to raise $500m to prop up…
Pandemic sends US jobless rate to 14.7%
The US unemployment rate has risen to 14.7%, with 20.5 million jobs lost in April, as…