Business
Latest stories
Oil Giant Shell Dives into $21.7 bn Loss in 2020 

Royal Dutch Shell dived into a net loss of $21.7 billion in 2020, the oil giant announced Thursday, as the coronavirus pandemic slashed global energy demand.

W140 Full Story
Hong Kong Stocks End Down after Three-day Rally

Hong Kong stocks fell Thursday as investors took a breather following a healthy three-day rally, with tech firms hurt after Joe Biden's nominee as commerce secretary indicated she would not remove telecoms giant Huawei from a US trade blacklist.

W140 Full Story
Amazon's Bezos, Latest Tycoon to Pursue His 'Passion'

Bill Gates set out to heal the world. His Microsoft co-founder Paul Allen bought sports teams. Ted Turner raced yachts. And Donald Trump went into politics.

W140 Full Story
Indian Celebrities Slam Rihanna for Farmers' Protest Tweet

Indian celebrities on Wednesday hit back at pop superstar Rihanna and climate activist Greta Thunberg for making social media comments about mass farmers' protests.

W140 Full Story
Biggest UK Companies Have No Black Top Executives

Britain's biggest businesses have very few ethnic minorities in the boardroom -- and no black top executives, according to research published Wednesday.

W140 Full Story
Tiny Houses: Turkish Tourism Thinks Small in Covid Era

Gizem Baburhan stepped into a tiny house on wheels she rented in the Aegean vineyards and saw the future of Turkey's coronavirus-ravaged tourism industry.

W140 Full Story
Yellen Calls for Regulatory Meeting over U.S. Market Volatility

US Secretary Treasury Janet Yellen has requested a meeting with financial regulatory authorities to discuss recent market volatility following a social-media-fueled buying frenzy over shares in video game store GameStop and other stocks shorted by hedge funds.

Yellen called for the meeting with the Securities and Exchange Commission, the Federal Reserve and the Commodities Futures Trading Commission, the Treasury said in a statement late Tuesday.

W140 Full Story
Iran's Parliament Rejects Rouhani's Budget Bill

Iran's conservative-dominated parliament on Tuesday rejected a budget bill for the next Iranian year put forward by the administration of the moderate President Hassan Rouhani, state television reported.

W140 Full Story
Profits Jump for Chinese e-Commerce Giant Alibaba

Chinese e-commerce giant Alibaba saw profits jump over the last three months of 2020 as economic activity returned in China and online spending continued apace.

W140 Full Story
Eurozone Economy Shrank Less than Expected in 2020

The eurozone economy shrank less than expected in 2020 given the devastating consequences of the covid-19 pandemic, official data showed on Tuesday.

W140 Full Story