Jan 27, 2021 23:26 pm UTC| Economy Business
Facebook posted a profit of $11.2 billion in the final three months of last year, up 53 percent from the previous year, Revenue rose 33 percent to roughly $28 billion during the quarter, showing the durability of its...
India upholds decision to ban TikTok and 58 other Chinese apps
Jan 27, 2021 08:58 am UTC| Business Economy
India will not be putting back TikTok and other Chinese apps that it previously banned from being used in the country. The decision to retain the ban on 59 apps from China resulted from the review of responses from...
MSCI set to pull out five Chinese firms from the global index to comply with Donald Trump’s EO 13959
Jan 27, 2021 08:39 am UTC| Business Economy
MSCI Inc. revealed this week that it will be pulling out five Chinese companies from its global equity index. The American finance company headquartered in New York City stated that the removal will begin on Jan. 27 since...
S. Korea fines 7 local steelmakers 300 billion won over price collusion
Jan 26, 2021 23:59 pm UTC| Economy Business
The Korea Fair Trade Commission (KFTC) fined Hyundai Steel Co. and six other steelmakers a combined 300 billion won for colluding to fix the purchase price of steel scrap. It marked the fourth-largest amount of fines...
Starbucks suffers 5% dip in quarterly sales
Jan 26, 2021 23:57 pm UTC| Economy Business
Starbucks Corp. reported a 5 percent drop in sales in the first quarter ending Dec. 27, more than analysts estimates of a 3.4 percent decline, as the soaring number of coronavirus cases in the United States kept customers...
S. Koreans spend 12.2 trillion won on top food delivery services in 2020
Jan 26, 2021 23:52 pm UTC| Economy Business
South Koreans spent 12.2 trillion won on the countrys top two food delivery services, Baedal Minjok and Yogiyo, last year, up 75 percent from 6.95 trillion won in 2019, according to the data from industry tracker...
Toyota seeks simplification of Indian laws to improve ease of doing business
Jan 26, 2021 23:45 pm UTC| Business Law Economy
Toyota Kirloskar Motor (TKM) is seeking for a simplification of Indian laws to improve ease of doing business, roll out of scrappage policy, and lowering of customs duties on imported vehicle parts in the upcoming Union...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight