Business

China's ByteDance says TikTok will be its subsidiary under deal with Trump

New York/Beijing, Sept 21, 2020 - China’s ByteDance said on Monday that TikTok’s global business will become its subsidiary, even as Oracle Corp and...

U.S. judge halts Trump administration's order to remove WeChat from app stores

Washington DC, Sept 20, 2020 - A U.S. judge early Sunday blocked the Trump administration from requiring Apple Inc and Alphabet Inc’s Google to...

Trump to block U.S. downloads of TikTok, WeChat on Sunday

Washington DC, Sept 18, 2020 - The Trump administration will ban WeChat and video-sharing app TikTok from U.S. app stores starting Sunday night, a...

Federal Reserve sees rates near zero at least through 2023

Washington DC, Sept 16, 2020 - The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as...

U.S. consumer spending losing steam as fiscal stimulus ebbs

Washington DC, Sept 16, 2020 - U.S. consumer spending slowed in August, with a key retail sales gauge unexpectedly declining, as extended unemployment benefits...

China’s Tencent expands in Southeast Asia amid US, India tensions

Singapore, Sept 15, 2020 - Chinese tech giant Tencent said Tuesday it was opening a new Singapore office to serve as a Southeast Asia...

Newly launched incubator recruits Asian American entrepreneurs and women to join

Duluth, Sept 14, 2020 - A new incubator designed to help women and minority entrepreneurs to launch and grow their business is actively recruiting...

U.S. businesses see modest increase in activity, Fed survey shows

Washington DC, Sept 2, 20202 - U.S. businesses saw a modest increase in activity and employment generally increased through late August, a Federal Reserve...

Samsung leader Jay Y. Lee indicted in South Korea on allegations linked to 2015...

Seoul, Sept 1, 2020 - South Korean prosecutors indicted the Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock...

Coca-Cola to cut thousands of jobs as coronavirus hits sales

Atlanta, Aug 28, 2020 - Coca-Cola Co on Friday joined a list of big U.S. companies laying off thousands of workers in response to...