Business News

Boeing cuts thousands of jobs to retain price competitiveness

'Boeing 737 MAX was designed by clowns and supervised by monkeys'

Another employee asks if one would put his family on a MAX simulator trained aircraft.

Jan 10, 2020

By Jacob J

Magnitude 6.4 earthquake hits off Papua New Guinea coast; no tsunami warning

Papua New Guinea hopes Indonesia holds Border Trade Festival to boost tourism and growth

Festivals such as BTF and other similar ones are aimed at promoting tourism and pushing growth at border areas

Jan 10, 2020

By Yasmin Rasidi

The facade of the ADNOC Group Tower in Abu Dhabi was lit up with the flags of India and the UAE and portraits of Prime Minister Narendra Modi and Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan to mark the swearing in of the Indian leader, on May 30,

Indonesia's Joko Widodo to sign deals worth $20 billion with UAE

Indonesia and the United Arab Emirates will strengthen a cooperation in en energy sector such as the development of a refinery and solar panels.

Jan 10, 2020

By Yasmin Rasidi

Facebook will give users options to see what they see but will still allow political ads

Facebook will roll out new tools by early summer wherein users will be allowed to turn off certain political ad-targeting tools

Jan 10, 2020

By R. Ghosh

Facebook

China's Vice Premier Liu to sign U.S. trade deal in Washington on Jan 15

The Phase 1 deal will cut tariffs and boost Chinese purchases of US farm, energy and manufactured goods while addressing some disputes over intellectual property with the US

Jan 9, 2020

By Reuters

China opens up oil and gas exploration, production to foreign firms

From May 1 foreign firms registered in China with net assets no lower than 300 million yuan will be allowed to take part in oil and gas exploration and production

Jan 9, 2020

By Reuters

Asian shares rebound as US and Iran stand down, yen retreats

China's trade-exposed yuan is standing at a five-month high of 6.9281 per dollar and the Aussie creeping higher

Jan 9, 2020

By Reuters

McDonald's to expand vegan burger trail to more restaurants

More people are shunning meat products and looking for healthier options which has seen growth in sales of plant-based meat substitutes

Jan 9, 2020

By R. Ghosh

Prolonged slump in chip market affects the world's no 1 memory chip maker

Due to the prolonged slump in the chip-making market in 2019, Samsung Electronics Co.'s expected market estimate suffered its worst performance in four years

Jan 8, 2020

By IBTimes APAC Desk

Samsung

US trade deficit at three-year low as imports tumble

The US trade deficit fell to a more than three-year low in November as imports declined further, weighed down by the Trump administration's trade war with China

Jan 8, 2020

By Reuters

Defense stocks surge by 21% as Iran fires dozens of missiles on Iraq bases of US military

Japan's Ishikawa Seisakusho, which manufactures land mines, saw a sudden surge of 24% in its shares, followed by Tokyo Keiki, which produces navigation systems for military use, by more than 13%, registering a new 52-week high on Wednesday

Jan 8, 2020

By Soorya Kiran NN