Business

Indonesia virus-hit economy posts first yearly contraction since 1998

JAKARTA, Indonesia (AFP) -- Indonesia on Friday logged its first annual contraction since the 1998 Asian financial crisis, as the…

Spotify losses triple in 2020 despite more subscribers

STOCKHOLM, Sweden (AFP) -- Swedish music streaming giant Spotify on Wednesday reported a tripled net loss in 2020, citing increased…

Bezos to step down as CEO of Amazon this year

WASHINGTON, United States (AFP) -- Jeff Bezos said Tuesday he would give up his role as chief executive of Amazon…

Pfizer estimates $15 bn in 2021 sales for Covid-19 vaccine

  NEW YORK, United States (AFP) -- Sales of the Covid-19 vaccine developed by Pfizer and BioNTech could reach up…

Samsung Electronics profit spikes on pandemic-driven demand

  by Sunghee Hwang Agence France Presse SEOUL, South Korea (AFP) -- Samsung Electronics, the world's biggest smartphone and memory…

Spain economy shrinks 11% in 2020: statistics institute

  MADRID, Spain (AFP) -- Spain's economy contracted sharply by 11 percent in 2020 due to the upheaval triggered by…

Facebook profit surges percent as pandemic fuels use

  Facebook profit surged in the final three months of last year as people enduring the holidays in a pandemic…

Apple profit soars, revenue tops $100 bn for first time

Apple said Wednesday that profits surged in the final three months of the year on growing sales of iPhones and…

World lost equivalent of 255 million jobs in 2020: UN

  by Nina LARSON Agence France Presse The coronavirus pandemic took a huge toll on global jobs last year, the…

Asia welcomes Biden presidency with healthy gains

  HONG KONG, China (AFP) -- Asian markets saw Joe Biden's first day as US president with broad gains Thursday…

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