Business

Yellen pushes GOP senators on $1.9 trillion relief package

Washington DC, Jan 19, 2021 — Janet Yellen, President-elect Joe Biden’s choice as Treasury secretary, said Tuesday that the incoming administration would focus on...

Samsung stocks rebound but Lee's detention raises doubts on pledges for change

Seoul, Jan 19, 2021 - Shares in Samsung Electronics and affiliates rebounded on Tuesday, reversing losses stemming from Samsung Electronics Vice Chairman Jay Y....

China's economy picks up speed in fourth quarter, ends 2020 in solid shape after...

Beijing, January 18, 2021 - China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-stricken...

Samsung's Lee receives 30-month prison term in bribery trial

Seoul, Jan 18, 2021 - A South Korean court sentenced Samsung Electronics vice chairman Jay Y. Lee to two and a half years in...

Biden to unveil plan to pump $1.5 trillion into pandemic-hit economy

Wilmington, Jan 14, 2021 - President-elect Joe Biden will unveil a stimulus package proposal on Thursday designed to jump-start the economy during the coronavirus...

Trump administration shelves planned investment ban on Alibaba, Tencent, Baidu, says sources

Washington DC, Jan 14, 2021- The Trump administration has scrapped plans to blacklist Chinese tech giants Alibaba, Tencent and Baidu, four people familiar with...

WhatsApp growth slumps as rivals Signal, Telegram rise

Oakland, Jan 14, 2021 — Encrypted messaging apps Signal and Telegram are seeing huge upticks in downloads from Apple and Google’s app stores. Facebook-owned...

U.S. small businesses to get more cash as pandemic loan program re-opens

Washington DC, Jan 11, 2021 - The U.S. government on Monday was set to re-open its signature small business pandemic aid program with $284...

Doggie desserts: Ben & Jerry’s enters the pet food business

Vermont, Jan 11, 2021 - Think your dog deserves dessert? So does Ben & Jerry’s. The venerable Vermont ice cream company said Monday it’s introducing...

Nio launches first electric sedan model as Tesla delivers China-built SUV

Chengdu, Jan 10, 2021 - Chinese electric vehicle (EV) maker Nio Inc is taking on conventional gasoline premium automakers from BMW to Audi further,...