Business / World Business

UEFA signs deal with TikTok as Euro 2020 global sponsor 11 Feb 2021 - 04:47 pm

TikTok will be the global sponsor for the rescheduled Euro 2020 soccer tournament set to begin in June this year, the sport's European...

CNN President Jeff Zucker to step down at year's end 04 Feb 2021 - 06:47 pm

CNN President Jeff Zucker will leave the cable news network at the end of 2021, CNN said on Thursday. "The truth is, back...

Spotify outlook weakens as pandemic uncertainty persists 03 Feb 2021 - 02:41 pm

STOCKHOLM: Spotify forecast on Wednesday that revenue and paid subscribers would be below Wall Street estimates this quarter due to uncertainty over how...

Amazon's Bezos to step down as CEO; quarterly revenue tops $100 billion for first time 03 Feb 2021 - 12:38 am

Amazon.com Inc on Tuesday said founder Jeff Bezos would step down as CEO and become executive chairman, as the company reported its third...

Pfizer sees about $15 billion in 2021 sales from COVID-19 vaccine 02 Feb 2021 - 02:59 pm

Pfizer Inc on Tuesday forecast sales of about $15 billion from the coronavirus vaccine that it is making along with German partner BioNTech...

Nintendo hikes Switch sales forecast after bumper year-end 01 Feb 2021 - 11:24 am

Tokyo: Japan's Nintendo Co Ltd on Monday hiked its full-year forecast for Switch games console sales to 26.5 million from 24 million previously...

Mastercard pledges net zero emissions 29 Jan 2021 - 09:16 am

Mastercard is furthering its commitment to create a more sustainable and inclusive digital economy, with a pledge to reach net zero emissions by...

Apple takes top spot in phone market with record shipments 28 Jan 2021 - 02:44 pm

Record iPhone shipments pushed Apple Inc. to the No. 1 position in the global smartphone market as Samsung Electronics Co. and Huawei Technologies...

Historic English shoe-maker counts the costs of Brexit 26 Jan 2021 - 02:48 pm

Northampton, England: At Tricker's, a 192-year-old maker of English luxury shoes beloved by Prince Charles and Japanese fashionistas, relief at averting a no-deal...

Jet engine maker Rolls-Royce cuts 2021 forecasts on travel slump 26 Jan 2021 - 11:35 am

LONDON: Britain's Rolls-Royce downgraded expectations for how much its engines would fly this year and warned of a big cash outflow, blaming extra...

Apple's hardware engineering chief to step down to focus on new project 26 Jan 2021 - 10:09 am

Apple Inc's hardware engineering chief, Dan Riccio, will step down to oversee a new project, the iPhone maker said on Monday, providing few...

Nissan boasts Brexit advantage with rare UK battery supply 22 Jan 2021 - 12:23 pm

Nissan Motor Co. has emerged from Brexit with an edge over rivals that lack a U.K. battery supply chain, a big relief for...

KIA reveals new brand purpose, future strategy 18 Jan 2021 - 09:08 am

Doha: KIA has announced new details of its new brand purpose and ambitions for the future during a digital showcase event. Supported by...

After long journey, Fiat Chrysler and PSA seal merger to become Stellantis 16 Jan 2021 - 03:27 pm

Milan: Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets...

Failed French supermarket deal unlikely to dampen ambitions of Canada's Bouchard 16 Jan 2021 - 03:20 pm

MONTREAL/QUEBEC CITY: Political opposition that killed Canadian convenience store operator Alimentation Couche-Tard's $20 billion bid for French retailer Carrefour on Friday is unlikely...

Wells Fargo 4Q profit rose 4%, tops Street estimates 15 Jan 2021 - 05:08 pm

SILVER SPRING, Md.: Wells Fargo had its best quarter of 2020 as its profit rose 4% in the fourth quarter of a year...

Uniqlo owner Fast Retailing's operating profit beats pre-pandemic level 14 Jan 2021 - 04:57 pm

TOKYO: The owner of Japanese clothing chain Uniqlo said on Thursday its quarterly operating profit beat pre-pandemic levels, boosted by China's resurgence and...

Marriott, BlueCross suspend donations to U.S. lawmakers who voted against Biden certification 10 Jan 2021 - 11:27 pm

WASHINGTON/NEW YORK - Marriott International Inc, the world's largest hotel company, and the Blue Cross Blue Shield Association (BCBSA) said Sunday they will...