Business News

$10 billion and counting: Disney set for a record year at the box office

In 2016, Disney raked in $7.4 billion globally from its box-office titles, the highest a studio has ever earned in history

Dec 16, 2019

By R. Ghosh

Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018. REUTERS/Rebecca Cook/File Photo

Mexico objects to labour enforcement provision in North American trade deal

Top officials from Canada, Mexico and the United States on Tuesday signed a fresh overhaul of a quarter-century-old deal, aiming to improve enforcement of worker rights

Dec 15, 2019

By Reuters

Russia to finalize 2020-2022 privatization goals on December 19: source

Russia is planning to take a step forward with its privatization program in the coming week when finalizes a list of companies it hopes to sell in 2020-2022

Dec 15, 2019

By Reuters

Telenor says Huawei will still play a role in 5G rollout

The Norwegian multinational telecommunications company stated that they will use Huawei's equipment to build Norway's 5G network

Dec 15, 2019

By Reuters

Huawei

Wall Street Weekahead: Trade deal removes major hurdle for rally in Apple and tech

Trump's long-awaited deal will be a relief to Apple, among the U.S. companies with the most to lose in the trade war with China

Dec 15, 2019

By Reuters

China's economy expands 6.7% in Q3, as Govt spending offsets weak exports

Slowing China to step up state spending, aiming around 6% growth in 2020

The proposed target will be unveiled at China's annual parliamentary session in early March 2020.

Dec 15, 2019

By Reuters

Uber launches appeals to get back London license; drivers can continue to take rides

The appeal makes the entire process intricate for the ride-hailing service company, as it could take months, even years, to end the entire proceedings

Dec 15, 2019

By R. Ghosh

Trade deal a victory for Tim Cook? Apple may have just avoided iPhone tariffs

Had the US not reached a trade deal with China, a new wave of tariffs that would have come to effect on December 15, could have hurt Apple once again

Dec 15, 2019

By R. Ghosh

Is it the beginning of the end of trade war? U.S. and China agree on phase-one trade deal

The signing of the phase-one trade deal is an indication that both the U.S. and China now want to resolve the two-year-long trade war

Dec 14, 2019

By R. Ghosh

Southwest strikes partial compensation deal with Boeing for 737 Max losses; to share proceeds with employees

The US airline company, which has 34 Boeing 737 Max jets in its fleet, is in talks with the company for further compensation,

Dec 13, 2019

By R. Ghosh

Ferrari's first all-electric car to arrive after 2025; company to stick to hybrid vehicles at present

The company's CEO Louis Camilleri said that the battery technology still needs some development before the it goes ahead with its plans of a fully electric car.

Dec 13, 2019

By R. Ghosh

FAA Boeing 737 Max probe: Former manager links faulty sensors to two fatal crashes

Former manager Ed Pierson draws links between aircraft's faulty Angle of Attack sensors and the two fatal crashes that led to the death of 346 people.

Dec 12, 2019

By R. Ghosh

Saudi Aramco's shares surge on market debut; becomes the most valued company, as country takes a big leap towards economic overhaul

It has been Mohammad bin Salman's long dream to overhaul Saudi Arabia's oil-driven economy and the company's market debut is the first major leap towards that direction.

Dec 12, 2019

By R. Ghosh

177 companies pledge for climate actions

The 177 companies collectively represent over 5.8 million employees, spanning 36 sectors and with headquarters in 36 countries

Dec 11, 2019

By IANS

Singapore exports jump in December on back of 40% rise in China shipments

Economists raise Singapore's growth forecast by 0.7%

Singapore's gross domestic product is expected to increase by 0.7% from a previous prediction of 0.5% in the latest Monetary Authority of Singapore's survey released on Wednesday

Dec 11, 2019

By Parvathy Rajagopal

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