Apple Inc Chief Executive Tim Cook signed an agreement with Chinese officials, estimated to be worth about US$275 billion, to placate threats that would have hobbled its devices and services in the country, The Information reported on Tuesday. Apple did not immediately respond to a Reuters request for comment. The five-year agreement […]
Tag Archives: business
Amazon.com Inc’s services including Amazon Web Services (AWS), Prime Video and its namesake e-commerce website were down for thousands of users on Tuesday, according to outage tracking website Downdetector.com. Downdetector, which showed more than 14,000 incidents of people reporting issues with Amazon, tracks outages by collating status reports from a number of sources, […]
NEW YORK – Billionaire hedge fund manager Michael Steinhardt has agreed to turn over US$70 million worth of stolen antiquities and will be subject to an unprecedented lifetime ban on acquiring antiquities, the Manhattan district attorney announced Monday. In return, Steinhardt, a philanthropist who is chair of the Steinhardt Foundation for Jewish Life […]
BEIJING — Global stock markets followed Wall Street higher Tuesday as anxiety about the coronavirus’s latest variant eased and China reported stronger November trade figures than expected. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices rose more than US$1 a barrel for a second day. Wall Street futures were higher […]
BEIJING – China’s exports rose by double digits in November but growth declined, while imports accelerated in a sign of stronger domestic demand. Exports rose 21.4% over a year earlier to US$325.5 billion, decelerating from October’s 27.1% growth, customs data showed Tuesday. Imports surged 31.7% to $253.8 billion, up from the previous month’s […]
NEW YORK – Craig Wright, a computer scientist who claims to be the inventor of Bitcoin, prevailed in a civil trial verdict Monday against the family of a deceased business partner that claimed it was owed half of a cryptocurrency fortune worth tens of billions. A Florida jury found that Wright did not […]
TORONTO – Canada’s big banks and insurance companies say they have obtained a court order that will allow them to hold their annual meetings next year as electronic-only or as hybrid meetings. The order was announced in a joint statement by BMO, CIBC, Canadian Western Bank, Laurentian Bank, National Bank, RBC, Scotiabank, TD […]
TORONTO — Merck Canada is partnering with Thermo Fisher Scientific to manufacture Merck’s antiviral drug molnupiravir at a facility in Whitby, Ont., for distribution to global markets, the company announced on Monday. The Canadian location will produce doses of molnupiravir for distribution in Canada, the U.K., the European Union, Asia Pacific, and Latin America, pending […]
BANGKOK – European shares and U.S. futures rose Monday after a lackluster day in Asia, where shares fell in Hong Kong and Shanghai after troubled Chinese property developer Evergrande warned it may run out of money. Moving to reassure investors and keep growth from stalling, China’s central bank cut the amount of funds […]
BANGKOK – Shares were mixed in Asia on Monday after troubled Chinese property developer Evergrande warned late Friday it may run out of money. Hong Kong dropped 1.2% but the Shanghai Composite index rose. South Korea’s benchmark advanced but Tokyo and Sydney declined. More broadly, investors are struggling with uncertainty about the […]