Business / World Business

Nokia to cut up to 10,000 jobs over next 2 years 16 Mar 2021 - 12:58 pm

Stockholm: Nokia on Tuesday announced plans to cut up to 10,000 jobs within two years to trim costs and invest more in research...

China's Ant Group chief executive Simon Hu resigns 12 Mar 2021 - 04:25 pm

China's Ant Group Chief Executive Officer Simon Hu has stepped down from his role and will be replaced by Executive Chairman Eric Jing,...

Home-bound children drive surge in Lego sales 10 Mar 2021 - 11:43 am

Copenhagen: Sales of Lego sets surged last year as more children stayed home during global pandemic lockdowns - and parents bought the colorful...

German business decries gradual easing of coronavirus curbs as "disaster" 04 Mar 2021 - 11:22 am

Berlin: German business groups expressed dismay on Thursday after Chancellor Angela Merkel and state leaders agreed a gradual easing of coronavirus curbs but...

Jack Ma loses title as China's richest man after coming under Beijing's scrutiny 02 Mar 2021 - 11:49 am

Beijing: Alibaba and Ant Group founder Jack Ma has lost the title of China's richest man, a list published on Tuesday showed, as...

China studies Boeing 737 MAX recertification, wants safety concerns fully addressed 01 Mar 2021 - 12:08 pm

Beijing: China's aviation regulator said on Monday that its major safety concerns with the Boeing Co 737 MAX have to be "properly addressed"...

HSBC plans to nearly halve office space over long term 23 Feb 2021 - 04:00 pm

London: HSBC plans to nearly halve its office space globally over the long term as part of a cost-cutting drive set out on...

Adidas plans to sell struggling Reebok brand 16 Feb 2021 - 11:35 pm

BERLIN - German sportswear maker Adidas AG plans to sell or spin-off its underperforming Reebok brand, 15 years after it bought the U.S....

First woman, first African: Nigeria's 'troublemaker' on track to run WTO 15 Feb 2021 - 05:44 pm

ABUJA: Nigeria's Ngozi Okonjo-Iweala - an elite economist who has confronted corruption and kidnappers at home and risen to the top ranks of...

UEFA signs deal with TikTok as Euro 2020 global sponsor 11 Feb 2021 - 04:47 pm

TikTok will be the global sponsor for the rescheduled Euro 2020 soccer tournament set to begin in June this year, the sport's European...

CNN President Jeff Zucker to step down at year's end 04 Feb 2021 - 06:47 pm

CNN President Jeff Zucker will leave the cable news network at the end of 2021, CNN said on Thursday. "The truth is, back...

Spotify outlook weakens as pandemic uncertainty persists 03 Feb 2021 - 02:41 pm

STOCKHOLM: Spotify forecast on Wednesday that revenue and paid subscribers would be below Wall Street estimates this quarter due to uncertainty over how...

Amazon's Bezos to step down as CEO; quarterly revenue tops $100 billion for first time 03 Feb 2021 - 12:38 am

Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third...

Pfizer sees about $15 billion in 2021 sales from COVID-19 vaccine 02 Feb 2021 - 02:59 pm

Pfizer Inc on Tuesday forecast sales of about $15 billion from the coronavirus vaccine that it is making along with German partner BioNTech...

Nintendo hikes Switch sales forecast after bumper year-end 01 Feb 2021 - 11:24 am

Tokyo: Japan's Nintendo Co Ltd on Monday hiked its full-year forecast for Switch games console sales to 26.5 million from 24 million previously...

Mastercard pledges net zero emissions 29 Jan 2021 - 09:16 am

Mastercard is furthering its commitment to create a more sustainable and inclusive digital economy, with a pledge to reach net zero emissions by...

Apple takes top spot in phone market with record shipments 28 Jan 2021 - 02:44 pm

Record iPhone shipments pushed Apple Inc. to the No. 1 position in the global smartphone market as Samsung Electronics Co. and Huawei Technologies...

Historic English shoe-maker counts the costs of Brexit 26 Jan 2021 - 02:48 pm

Northampton, England: At Tricker's, a 192-year-old maker of English luxury shoes beloved by Prince Charles and Japanese fashionistas, relief at averting a no-deal...