pandemic

Exclusive: China to allow Didi apps back online, in latest sign of regulatory thaw

Chinese authorities are set to allow Didi Global's ride-hailing and other apps back on domestic app stores as soon as…

3 years ago

Salesforce to cut 10% of workforce after hiring “too many people”

Salesforce Inc said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it…

3 years ago

Exclusive: Grab to cut more costs amid economic chill

Grab Holdings Southeast Asia's biggest ride-hailing and food delivery firm, is cutting more costs to cope with an uncertain economic…

3 years ago

ECB to slow rate hikes and lay out plans to drain cash

The European Central Bank is set to raise interest rates for the fourth time in a row on Thursday, although…

3 years ago

Germany’s half-a-trillion dollar energy bazooka may not be enough

Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war…

3 years ago

Taiwan seeks to reassure on TSMC commitment to island despite U.S. investment

Taiwan's economy minister said on Wednesday that the island remains chipmaker TSMC's most important production base after the company announced…

3 years ago

Oil rises as Saudi comments outweigh recession concerns

Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further…

3 years ago

Exclusive: China set to fine Ant Group over $1 billion, signalling revamp nears end-sources

Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six…

3 years ago

Apple supplier Foxconn adjusts production to avoid holiday blues

Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to…

3 years ago

Sony hikes FY profit forecast by 4.5% on foreign exchange boost

Sony Group Corp hiked its full-year operating profit forecast on Tuesday by 4.5% to 1.16 trillion yen ($7.84 billion) as the…

3 years ago