Looming Musk-Twitter legal battle hammers company shares

Shares of Twitter slid more than 11% in the first day of trading after billionaire Elon Musk said that he was abandoning his $44 billion bid

Stocks open lower on Wall Street, led by drops in technology

U.S. futures are down with corporate earnings season kicking off this week amid rising anxiety over how companies are navigating soaring inflation, and news about the

US futures edge down, euro hovers at 20-year low to dollar

U.S. futures slipped yesterday and European benchmarks rose in early trading despite lingering anxieties about an economic slowdown that has pushed the euro to a 20-year

Amazon faces UK investigation over anti-competitive concerns

Britain's competition watchdog is investigating whether Amazon is harming competition and hurting consumers by giving an unfair advantage to merchants that pay for extra services.

Add rent to the rising costs bedeviling small businesses

The rent has come due for America’s small businesses and at a very inopportune time. Landlords were lenient about rent payments during the first two

Holiday getaway pushes US airport traffic to pandemic high

The Fourth of July holiday weekend is jamming U.S. airports with their biggest crowds since the pandemic began in 2020. About 2.49 million passengers

China’s Baidu races Waymo, GM to develop self-driving cars

With no one at the wheel, a self-driving taxi developed by tech giant Baidu Inc. is rolling down a Beijing street when its sensors spot the corner of

Europe’s central bank ready to ‘stamp out’ surging inflation

The head of the European Central Bank said yesterday that it will move gradually to combat soaring consumer prices with interest rate hikes in July and

US markets pointing toward positive start to the week

U.S. markets are pointing higher before the opening bell yesterday as leaders of the Group of Seven economic powers pledged financial, humanitarian and other support for

South Korea hits dozens with travel bans amid crypto probe

South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse

UK inflation rate hits new 40-year high of 9.1%

Britain's inflation rate hit a new 40-year high of 9.1% in the 12 months to May, figures showed yesterday, as Russia’s war in Ukraine drove food and fuel

Luxury market seen as growing in 2022 despite inflation, war

Neither inflation nor the war in Ukraine are threatening to take a bite out of the luxury fashion market, according to a study published Tuesday.

Elon Musk’s USD44 billion Twitter deal gets board endorsement

Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a

JetBlue raises offer again in bidding for Spirit Airlines

JetBlue Airways Monday increased its offer to buy Spirit Airlines, raising the stakes again in a battle over the nation’s biggest budget airline. New York-based

‘Lightyear’ stays earthbound, ‘Jurassic World’ holds No. 1

  Not only did it open lower than expected, but it also failed to conquer “Jurassic World: Dominion,” which held on to the first-place spot with $58.7

Russia’s economic forum to be far smaller but moves forward

With Russia under wide sanctions after sending troops into Ukraine, most foreign bank cards don’t work in the country. The advice for those at the

No bartender required: Premixed Jack and Coke going on sale

Coca-Cola Co. said this week it’s partnering with Brown-Forman Corp., the maker of Jack Daniel’s Tennessee Whiskey, to sell premixed cocktails. The canned Jack and Coke

Sands China bolsters disaster and pandemic prevention efforts  

Supported by the Social Affairs Bureau, Sands China Ltd. is further bolstering its disaster and pandemic prevention programme in collaboration with Macau Red Cross. The programme addresses the community’s needs amid

MGM attains nine awards in vocational skills competition 

MGM Golden Lion Team has attained nine distinguished honors, which are the highest in their categories, in the 4th Macao Integrated Tourism and Leisure Enterprises Vocational Skills Competition. A total of

World shares steady after Wall Street sinks into bear market

Shares opened mostly higher in Europe yesterday and Asian shares recovered from the worst of their losses following Wall Street’s tumble into what’s called a bear

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