business

Group of U.S. senators backs $46 billion in relief for Postal Service

A bipartisan group of 20 U.S. senators introduced legislation on Wednesday to provide the cash-strapped U.S. Postal Service (USPS) with…

5 years ago

Britain clears $44 bln Virgin-O2 merger to take on BT

Britain's competition regulator cleared a $44 billion merger between broadband company Virgin Media and Telefonica's (TEF.MC) UK mobile network O2…

5 years ago

ByteDance founder to step down as CEO, hand over to college roommate

Zhang Yiming will step down as chief executive of TikTok-owner ByteDance, leaving the task of navigating a rising number of…

5 years ago

U.S. lawmakers to propose tax credit for sustainable aviation fuel

U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel,…

5 years ago

Slide in cryptocurrencies, other high-fliers, comes amid looming U.S. inflation worries

A selloff in cryptocurrencies, high-growth stocks and other high-flying assets may be signalling a more cautious outlook among market participants…

5 years ago

EU lawmakers give final approval to bloc’s green transition fund

The European Parliament on Tuesday formally approved the European Union's multi-billion euro fund to support countries as they wind down…

5 years ago

No pain, no gain for big funds hunting the next Tesla

Place your bets! The race to find the next Tesla (TSLA.O) is on but the search is turning up plenty…

5 years ago

Slate of Google updates boost its smartwatch, work collaboration efforts

Alphabet Inc's (GOOGL.O) Google on Tuesday unveiled updates across many services, including Maps, Photos and operating systems, as the company…

5 years ago

Stocks slip, crypto haemorrhage deepens amid inflation worries

Global stocks slipped and cryptocurrencies sank on Wednesday as a threat of unwanted inflation had investors shy away from assets…

5 years ago

Burry of ‘Big Short’ fame reveals large bearish bet against Tesla

The family office run by “Big Short” investor Michael Burry has disclosed a large bearish bet via options on Tesla…

5 years ago