Showing 61 - 70 of 776
China unveils sweeping measures to rescue property sector
AFP, Published on 14/11/2022
» BEIJING: Chinese authorities have unveiled sweeping measures to rescue struggling property sector, as regulators seek to offset years of harsh pandemic curbs and a real estate crackdown that have stalled the world's number-two economy.
Cryptocurrency platform FTX files for bankruptcy
AFP, Published on 12/11/2022
» NEW YORK: Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape.
Facebook owner Meta to lay off 11,000 staff
AFP, Published on 09/11/2022
» PARIS: Facebook owner Meta will lay off more than 11,000 of its staff in "the most difficult changes we've made in Meta's history", boss Mark Zuckerberg said on Wednesday.
FTX collapse gives crypto sector 'another black eye'
AFP, Published on 09/11/2022
» NEW YORK: Even for a sector regularly rocked by bankruptcies, the collapse of FTX –- a cryptocurrency platform worth $32 billion at the beginning of the year -- came as a shock.
Elon Musk sells nearly $4bn in Tesla stock: SEC filing
AFP, Published on 09/11/2022
» WASHINGTON: Tesla chief Elon Musk sold nearly US$4 billion worth of shares in the electric car company, SEC filings showed Tuesday, more than a week after he closed his $44 billion acquisition of Twitter.
Renault to reorganise towards electric future
AFP, Published on 08/11/2022
» PARIS - French automaker Renault will pitch investors Tuesday on its planned green revamp, with two spin-offs: a new electric-vehicle unit and a subsidiary for thermal and hybrid assets.
Twitter starts rolling out new paid subscription
AFP, Published on 06/11/2022
» SAN FRANCISCO: Twitter began rolling out a controversial new paid subscription system on Saturday that the social network's unpredictable new owner, billionaire Elon Musk, ordered staff to build after taking over last week.
Anatomy of the week the Musk tornado hit Twitter
AFP, Published on 06/11/2022
» SAN FRANCISCO - The whirlwind week that Elon Musk took over Twitter began with sleepless nights for company engineers -- and ended with half the staff getting the axe.
Pilot strike adds to Kenya Airways woes
AFP, Published on 04/11/2022
» NAIROBI: Pilots at Kenya Airways plan to go on strike from Saturday to seek better working conditions in defiance of a court order, adding to the woes of the troubled national carrier.
BP quarterly profit surges on high energy prices
AFP, Published on 01/11/2022
» LONDON - BP said Tuesday that underlying third-quarter profit more than doubled on high commodity prices after key energy producer Russia's invasion of Ukraine but logged a net loss on accounting charges.