The stock market debut by Chinese tech giant Ant Group has been halted after its Shanghai listing was suspended. Shanghai authorities said the group had reported “changes in the financial technology regulatory environment”, leading to the suspension. The listing in Shanghai and Hong Kong would have been the biggest to date. Ant, backed by Jack […]
By Allison Lampert, David Shepardson MONTREAL/WASHINGTON (Reuters) – A global aviation manual now under review by a UN body suggests global guidelines calling for the use of highly reliable tests when screening passengers to detect the novel coronavirus ahead of flights, three sources familiar with the matter said. Carriers and airports are pushing for uniform global testing […]
By Reuters Staff BENGALURU (Reuters) – Indian online grocery startup BigBasket is in advanced talks to sell a majority stake for about $1 billion to salt-to-software conglomerate Tata Group, the Economic Times reported on Wednesday, citing three sources familiar with the matter. The century-old group has been planning to launch a “super app”, one that […]
By Aditya Kalra NEW DELHI (Reuters) – India’s Future Retail Ltd (FRL) will go into liquidation if its deal to sell assets to Reliance Industries fails, the group told a Singapore arbitrator while arguing against Amazon.com Inc’s bid to scupper the deal, a legal order seen by Reuters showed. Amazon on Sunday won an injunction from […]
By Reuters Staff (Reuters) – Hasbro Inc reported a 4% fall in adjusted revenue on Monday as coronavirus-led delays in the production of movies and TV shows hit its entertainment unit, taking the shine off its thriving board game business and sending its shares down 10%. The fall in the company’s overall third-quarter net revenue, excluding […]
Brexit Britain and Japan have formally signed a trade agreement, marking the UK’s first big post-Brexit deal. The deal, unveiled last month, means nearly all its exports to Japan will be tariff free while removing British tariffs on Japanese cars by 2026. UK International Trade Secretary Liz Truss called it a “ground-breaking, British-shaped deal”. But […]
By Joyce Lee SEOUL (Reuters) – Samsung leader Jay Y. Lee’s trial, in a case of suspected accounting fraud and stock price manipulation connected to a 2015 merger, began on Thursday as a Seoul court held its first hearing. Lee and 10 other current and former Samsung executives were indicted by South Korean prosecutors last […]
US election 2020 US President Donald Trump has a Chinese bank account and spent years pursuing business projects in the country, the New York Times has reported. The account is controlled by Trump International Hotels Management and paid local taxes between 2013 and 2015. It was set up “to explore the potential for hotel deals […]
Coronavirus pandemic China’s economy continues its recovery from the Covid-19 pandemic according its latest official figures. The world’s second-biggest economy saw growth of 4.9% between July and September, compared to the same quarter last year. However, the figure is lower than the 5.2% expected by economists. China is now leading the charge for a global […]
The Washington Post said it “marked the latest example of the bitter religious divide sweeping India under the hard-line Hindu nationalist government led by Prime Minister Narendra Modi.” By Akshita Jain Tanishq withdrew its ad on interfaith love after it created a furore, but the company continues to face backlash. A Tanishq showroom in Gandhidham […]
