International Business

World Bank Accuses Lebanese Politicians Of Cruelty Over Deposit: Report

World Bank Accuses Lebanese Politicians Of Cruelty Over Deposit: Report

Reuters | Wednesday August 03, 2022, Beirut

The World Bank has said that assertions by Lebanese politicians that deposits kept in the country's collapsed banking sector are sacred are "cruel" because they "flagrantly contradict the reality."

As US Plans New China Chip Curbs, Turmoil Looms For Fragile Global Market

As US Plans New China Chip Curbs, Turmoil Looms For Fragile Global Market

Reuters | Wednesday August 03, 2022

Export restrictions being considered by Washington to halt China's advances in semiconductor manufacturing could come at a substantial cost, experts say, potentially disrupting fragile global chip supply chains - and hurting U.S. businesses.

HSBC Hard Sells Growth Plan To Disgruntled Investors After Rebuffing Breakup

HSBC Hard Sells Growth Plan To Disgruntled Investors After Rebuffing Breakup

Reuters | Tuesday August 02, 2022, Hong Kong/ Singapore

A day after rebuffing a break-up plan by its top investor, HSBC fielded questions from disgruntled retail investors on Tuesday and its executives defended their strategy to operate as a global bank at its first meeting in Hong Kong in three years.

Apple Drops Mask Requirements For Its Corporate Workers At Most Locations: Report

Apple Drops Mask Requirements For Its Corporate Workers At Most Locations: Report

Reuters | Tuesday August 02, 2022

AppleInc is dropping its mask mandate for corporate employees at most locations, the Verge reported on Monday, citing an internal memo.

Indonesia Blocks Yahoo, Paypal, Other Gaming Websites Over Licence Breaches

Indonesia Blocks Yahoo, Paypal, Other Gaming Websites Over Licence Breaches

Reuters | Saturday July 30, 2022

Indonesia has blocked search engine website Yahoo, payments firm Paypal and several gaming websites due to failure to comply with licensing rules, an official said on Saturday, sparking a backlash in social media.

World Bank Says "No New Plan To Offer New Financing To Sri Lanka Until..."

World Bank Says "No New Plan To Offer New Financing To Sri Lanka Until..."

Asian News International | Friday July 29, 2022, New Delhi

The World Bank has no plan to offer new financing to Sri Lanka until an adequate macroeconomic policy framework is in place in the island country, which is facing its worst crisis.

Twitter To Hold Shareholder Vote On Musk's Offer In September, Before Trial

Twitter To Hold Shareholder Vote On Musk's Offer In September, Before Trial

Reuters | Wednesday July 27, 2022

Twitter Inc said on Tuesday it would hold a shareholder meeting on September 13 to vote on the social media company's proposed $44 billion takeover offer by Tesla chief Elon Musk.

Thai Businesses Cash In On Legalised Cannabis-Products, From Milk, Tea To Toothpaste

Thai Businesses Cash In On Legalised Cannabis-Products, From Milk, Tea To Toothpaste

Reuters | Wednesday July 27, 2022

Thai businesses are cashing in with cannabis-infused products like toothpaste, tea, soaps and snacks after the government legalised the plant and its extract this year, generating a wave of interest in the drug.

Meta Heads For First-Ever Revenue Drop; Bets Big On TikTok-Style Videos

Meta Heads For First-Ever Revenue Drop; Bets Big On TikTok-Style Videos

Reuters | Wednesday July 27, 2022

Meta's future may lie in the metaverse, but when the company reports results on Wednesday, investors will be focused on two more immediate bets: pumping up short-video offering Reels to compete with TikTok and rebuilding its ads system after Apple throttled access to user data.

Google Search Ads Beat Targets, Despite Global 'Uncertainty', Recession Risks

Google Search Ads Beat Targets, Despite Global 'Uncertainty', Recession Risks

Reuters | Wednesday July 27, 2022

Google search ads lifted parent Alphabet Inc close to Wall Street sales expectations on Tuesday, sending shares up on relief that the world's biggest seller of online advertising may withstand aglobalrecession better than smaller rivals.

Elon Musk Asks Judge To Postpone Twitter Trial By 7 Days To October 17

Elon Musk Asks Judge To Postpone Twitter Trial By 7 Days To October 17

Reuters | Tuesday July 26, 2022

Elon Musk asked a judge to schedule a five-day trial beginning October17, not October 10 as requested by Twitter

Russia Fines Google $34 Million For Competition Rules Breach

Russia Fines Google $34 Million For Competition Rules Breach

Reuters | Tuesday July 26, 2022

Russia's competition watchdog fined Alphabet's Google 2 billion roubles ($34.2 million) on Tuesday for abusing its dominant position in the video hosting market, the regulator said in a statement.

Crisis-Hit Sri Lanka Pursues Foreign Oil Firms Amid Acute Fuel Shortages

Crisis-Hit Sri Lanka Pursues Foreign Oil Firms Amid Acute Fuel Shortages

Reuters | Tuesday July 26, 2022

Sri Lanka canvassed oil companies in petroleum-producing nations on Tuesday to import and sell their products in the Indian Ocean island, opening its market to resolve acute shortages of fuel during its worst economic crisis in decades.

Illegal Brazil Gold Tied To Italian Refiner, Big Tech Customers: Report

Illegal Brazil Gold Tied To Italian Refiner, Big Tech Customers: Report

Reuters | Monday July 25, 2022

Brazilian police allege an Italian refiner purchased gold from a trader sourcing it illegally in the Amazon rainforest region, according to police documents, and corporate disclosures show that refiner has supplied the precious metal to four of the world's largest tech companies.

Tech Giants To Self-Regulate, Reduce Harmful Online Content In New Zealand

Tech Giants To Self-Regulate, Reduce Harmful Online Content In New Zealand

Reuters | Monday July 25, 2022

Big tech companies agreed on Monday to reduce harmful online content in New Zealand, making a move that critics said dodged the alternative of government regulation.