Business

Philippine economy shrinks 11.5% in third quarter

MANILA, Philippines (AFP) -- The Philippine economy shrank for the third straight quarter in July-September, official data showed Tuesday, but…

Indonesia tumbles into first recession for two decades

JAKARTA, Indonesia (AFP) -- Indonesia's virus-hit economy contracted in the third quarter, plunging it into its first recession since the…

Oil giant Shell rebounds into profit in third quarter

LONDON, United Kingdom (AFP) -- Anglo-Dutch oil titan Royal Dutch Shell on Thursday logged third-quarter net profit of $489 million…

Nokia doubles Q3 net profit and pledges ‘to win’ at 5G

HELSINKI, Finland (AFP) -- Equipment maker Nokia more than doubled its net profits in the third quarter as the firm's…

Microsoft rides cloud to higher earnings

SAN FRANCISCO, United States (AFP) -- Microsoft on Tuesday said its profit in the recently ended quarter continued to soar…

Asian markets extend losses as virus surges in US, Europe

HONG KONG, China (AFP) -- The fresh surge in coronavirus cases across the United States and Europe pushed Asian markets…

Samsung Electronics chairman Lee Kun-hee dies at 78

  by Sunghee Hwang Agence France Presse SEOUL, South Korea (AFP) -- Samsung Electronics chairman Lee Kun-hee, who transformed the…

Huawei revenue growth wilts under ‘intense pressure’

  by Dan Martin Agence France Presse SHANGHAI, China (AFP) -- Huawei’s revenue growth slowed significantly in the first nine…

Cathay Pacific to cut workforce by nearly a quarter

  by Jerome TAYLOR / Su XINQI Agence France Presse Cathay Pacific announced plans Wednesday to cut its workforce by…

Asian markets lifted by stimulus optimism, vaccine hopes

  HONG KONG, China (AFP) Asian markets rose Wednesday on signs US lawmakers are edging towards agreeing a new stimulus…

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