Business and Economy

Latin America

Amazon accuses social network Parler of trying to conceal owners | Business and Economy News

Parler’s attorney hit back by saying that the burden to prove who owns Parler fell on Amazon, according to reports.…

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Latin America

‘Where is the $128B?’ Turkey’s opposition presses Erdogan | Banks News

The sum refers to the dollars sold by Turkey’s state banks to support its lira currency in foreign exchange markets.…

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Africa

Hundreds of US companies voice opposition to new voting laws | American Voter News

From Amazon to Warren Buffet, US firms and CEOs signed a letter opposing Republican efforts to pass new election laws.…

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Middle East

Crypto watershed: Coinbase is making its big debut | Business and Economy News

On Wednesday, cryptocurrencies will take another huge stride towards the mainstream when digital currency exchange Coinbase Global Inc becomes the…

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Latin America

Is inflation a problem?And if so, who will feel the most pain? | Business and Economy News

As economies recover and big ones continue to benefit from massive injections of government stimulus, a wonky and sometimes scary…

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Asia

Bernard Madoff, Ponzie scheme mastermind, dies at 82 | Business and Economy News

Bernard Madoff, the Manhattan investment adviser who promised stellar returns to his A-list clients and instead defrauded them of more…

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Africa

What is the real extent of Turkey’s COVID-19 crisis? | Business and Economy News

Istanbul, Turkey – Medical professionals warn that Turkey’s COVID-19 crisis could be even more severe than official statistics suggest, as…

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Africa

Inflation or pollution? Tough choice facing China steel industry | Business and Economy News

Beijing wants to curb heavily polluting steel output but that has sent prices surging, adding to inflation concerns. China’s vast…

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Africa

Japan’s economy can handle a change of plan for Olympics: IMF | Business and Economy News

Postponing or cancelling games set for July would have ‘limited impact’ on Japan’s growth, says IMF official. Cancelling or postponing…

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Latin America

What’s a SPAC and could Wall Street’s hottest craze end in tears? | Banks News

What do Shaquille O’Neal, Colin Kaepernick, Peyton Manning and Richard Branson have in common? Yes, they’re all famous and/or rich.…

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Latin America

Schwab Corp mistakenly deposits $1.2M into US woman’s account | Banks News

When the company attempted to take the money back, it was gone and Kelyn Spadoni wasn’t answering her phone, the…

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Africa

COVID’s financial toll: 38 million Americans are now worse off | Business and Economy News

While most Americans have weathered the coronavirus pandemic financially, about 38 million say they are worse off now than before…

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Africa

Singapore’s Grab agrees to record $40bn SPAC merger | Business and Economy News

Southeast Asia’s biggest ride-hailing and food delivery firm, Grab Holdings, agreed to a merger on Tuesday with special purpose acquisition…

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Africa

Inflation watch: US consumer prices post biggest jump in 8 years | Business and Economy News

Consumer prices in the United States in March posted their sharpest rise in more than eight years as vaccinations increase…

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Africa

UK economy expanded in February with end of lockdown in sight | Brexit News

A fast rollout of COVID-19 vaccines has raised hopes of the economy bouncing back this year and in 2022. The…

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Asia

S&P to eject Adani Ports from index for Myanmar military ties | Business and Economy News

Rights groups say Adani pays Myanmar military-linked firm millions in rent for land leased for port development. S&P Dow Jones…

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Africa

As Biden meets CEOs to tackle chip shortage, Intel offers hope | Automotive Industry News

United States President Joe Biden has met with executives from key companies to discuss the global chip shortage that has…

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Middle East

Drought in US northwest signals rising water-rights tensions | Agriculture News

One of the worst droughts in memory in a massive agricultural region straddling the California-Oregon border in the United States…

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Asia

Almost heaven: West Virginia entices nature-loving remote workers | Business and Economy News

Under the remote worker programme, out-of-state participants who move to West Virginia will receive $12,000 along with passes for a…

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Africa

Ma’s wealth soars $2.3bn after China imposes milder Alibaba fine | Business and Economy News

China’s $2.8bn fine is less severe than some investors feared and is based on only 4 percent of Alibaba’s 2019…

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Africa

US budget deficit this year nearly doubles previous record | Business and Economy News

The US federal budget deficit for the first six months of the fiscal year swelled to $1.7 trillion as more…

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Latin America

Bitcoin flirts with all-time high ahead of Coinbase listing | Business and Economy News

Bitcoin is making a run at its all-time high ahead of the April 14 listing of digital token exchange Coinbase…

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Asia

Record demand for Uber outstrips supply of drivers | Business and Economy News

Uber said on Monday that total bookings for March including food delivery and passenger services reached an all-time high Uber…

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Africa

BinDawood is shaking up business as usual in Saudi Arabia | Business and Economy News

For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy…

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Asia

Infrastructure push: White House breaks down needs by state | Business and Economy News

The White House has produced a state-by-state assessment of US infrastructure needs, as it pushes for Biden’s $2.3 trillion package.…

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Africa

Microsoft to buy Nuance in $19.7bn bet on healthcare AI | Business and Economy News

Microsoft Corp. is buying speech technology company Nuance Communications Inc. in an all-cash deal valued at $19.7 billion, including debt,…

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Middle East

Global chip shortage on agenda as White House convenes US CEOs | Automotive Industry News

The White House is convening top executives from nearly 20 major firms on Monday to discuss a global semiconductor shortage…

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Middle East

Lebanon set to expand claim on disputed maritime area with Israel | Business and Economy News

Lebanon’s caretaker public works and transport minister says he signed a document expanding Lebanon’s claims in its maritime border dispute…

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Middle East

HSBC and Huawei CFO reach documents deal amid extradition case | Business and Economy News

Huawei CFO Meng Wanzhou has been seeking documents from HSBC in her fight against extradition from Canada to the US.…

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Asia

China’s Alibaba promises to make life easier for smaller firms | Business and Economy News

Alibaba’s CEO Daniel Zhang says he does not expect any material impact from changes to its practice of forcing merchants…

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Africa

US Federal Reserve chair says economy at ‘inflection point’ | Banks News

The economy is about to ‘start growing more quickly’ even as COVID remains a risk, Powell says. Federal Reserve Chair…

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Asia

Two Korean firms end electric car battery row, averting US ban | Automotive Industry News

Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, sparing President Joe Biden…

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Middle East

Will brain-computer interfaces transform human lives?

Elon Musk’s brain-chip Neuralink company is working on technology that could improve the lives of those with paralysis. Credit

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Latin America

IMF warns on rising debt in COVID-hit Middle East, Central Asia | Business and Economy News

Thirty countries in the regions saw an economic rebound, but outlook remains uncertain because of the pandemic. The International Monetary…

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Middle East

‘No one cares’: Lebanon’s financial crisis and domestic workers | Business and Economy News

Beirut, Lebanon – Sabrina, a Bangladeshi domestic worker, is barely 127cm (4 feet 2 inches) tall and extremely thin. Her…

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Middle East

How to invest in mRNA vaccines that could revolutionise medicine

mRNA could open the door to treatments of cancer, heart disease and brain diseases like Alzheimer’s and Parkinson’s. Credit

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Economy

China fines Alibaba record $2.75bn for anti-monopoly violations | Business and Economy News

Penalty is equivalent to approximately 4 percent of Alibaba’s revenues in 2019 and comes amid Beijing’s unprecedented regulatory crackdown. Chinese…

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Latin America

A fair shot: World Bank, WHO urge unity in global vaccine efforts | Banks News

Even after vaccinations are widespread, a small coronavirus outbreak anywhere has the potential to jeopardise economic gains and recovery everywhere,…

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Africa

Amazon workers in Alabama vote against unionising | Business and Economy News

In a major victory for online retailing behemoth Amazon, workers in an Amazon fulfillment centre in Bessemer, Alabama have voted…

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Asia

Vote count tilting against unionising Alabama Amazon workers | Business and Economy News

With nearly half the ballots counted, 463 Amazon warehouse workers in Bessemer, Alamaba had voted in favour of forming a…

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Middle East

Amazon union vote, US vaccine hunters and a Martian helicopter | Business and Economy News

It’s been a week of big numbers – the World Bank and the International Monetary Fund kicked off their spring…

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Middle East

Ingenuity helicopter poised for first-ever flight on Mars | Business and Economy News

Like a plucky character in a children’s’ book, NASA’s intrepid four-pound helicopter has survived a long, perilous journey to reach…

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Asia

Nike ends lawsuit over ‘Satan Shoes’ after New York firm recall | Business and Economy News

Nike had sued the maker of devil-themed sneaker promoted by rapper Lil Nas X for trademark infringement. Nike Inc says…

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Middle East

Polls open in Djibouti as veteran ruler Guelleh seeks fifth term | Business and Economy News

Main opposition parties boycotted the vote, leaving Zakaria Ismail Farah, a 56-year-old political newcomer as incumbent leader’s only challenger. Voting…

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