Business

Trump bans investment in firms that aid China’s military

  WASHINGTON, United States (AFP) -- US President Donald Trump has signed an executive order banning Americans from investing in…

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…

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