Business & Finance News
Mobile chipmaker Qualcomm Inc will settle an anti-trust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years.
Worries over the plunging Turkish lira and Russian ruble pulled the euro lower on Friday and rippled through riskier assets worldwide, sending stock markets lower and buoying safe haven assets such as U.S. Treasuries.
In a suburban Minneapolis laboratory, a tiny company that has never turned a profit is poised to beat the world’s biggest agriculture firms to market with the next potential breakthrough in genetic engineering – a crop with “edited” DNA.
An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put off by lofty valuations in a sector powered by shoppers in the two countries.
Asian stock markets fell on Friday despite signs of greater government support for firms in China, with global trade tensions clouding the outlook for demand.
Doug Field, who stepped down as the senior vice president of engineering at Telsa Inc last month, is returning to Apple Inc , Apple told Reuters on Thursday.
Samsung Electronics Co Ltd unveiled the Galaxy Note 9 “phablet” in New York on Thursday in a key product launch that it hopes will attract younger customers with stepped-up features and services for gamers and music-lovers.
Rangers will head into the return leg of their Europa League qualifier against Maribor with a sense of optimism after a 3-1 win over the Slovenians on Thursday but manager Steven Gerrard knows from experience a two-goal lead in Europe is never enough.
China’s top newspaper rebutted growing criticism in government circles that Beijing should have taken a lower profile to head off its trade war with the United States, saying on Friday that, like an elephant, China cannot hide its size and strength.
Asian stock markets fell on Friday amid heightened global trade tensions, while currency markets were whipsawed by a searing selloff in Russia’s rouble after the United States slapped on new sanctions, and as economic worries sent the Turkish lira tumbling.
Growing trade tensions between the United States and China are motivated by fears that China is now the top challenger to Washington’s global hegemony, the official Communist Party newspaper The People’s Daily said on Friday.
Ryanair is bracing for its biggest-ever one-day strike on Friday with pilots based in five European countries set to walk out, forcing the cancellation of about one in six of its daily flights at the height of the holiday season.
News Corp topped Wall Street profit targets on Thursday, as it benefited from gains at its newly acquired TV network and recorded double-digit growth in its real-estate listings and book publishing businesses.
Dropbox Inc’s forecast for the current-quarter and results for the second quarter beat Wall Street estimates on Thursday, with the online storage firm earning more from a higher number of paying subscribers.
Credit ratings agency Fitch voiced concerns on Thursday that TV Azteca’s legal battle with American Tower Corp was “not positive or favorable” for the Mexican broadcaster’s credit profile, two days after Reuters reported the lawsuit.
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