Business and Economy

World

Indian media tycoon battles to hold on to his empire

Subhash Chandra is no stranger to corporate battles. In 1998, when his then partner Rupert Murdoch attempted to buy out…

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World

Petrobras’s stock rises on Bolsonaro’s privatisation comments

Monday was the second time this month that the Brazilian president mentioned privatising the state-run oil firm. State-run oil company…

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World

Facebook, YouTube remove Bolsonaro video over vaccine claims

Both social media platforms said the video, in which the Brazilian president made false claims, violated their policies. Facebook and…

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World

Troubled Australian Crown Resorts gets time to clean illegal acts

Crown Resorts Ltd. was handed an unexpected lifeline after the Victorian state government gave the tarnished company two years to…

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World

Samsung chief Jay Y Lee fined $60,000

A South Korean court has fined him for his illegal use of a sedative that he said was on a…

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World

Facebook pours billions in ‘metaverse’ as ad business falters

The company’s total revenue, which primarily consists of ad sales, rose to $29.01 billion in the third quarter from $21.47…

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World

Dow, S&P 500 close at records as earnings season kicks off

Earnings have been good so far, with most topping analysts’ expectations. The Dow Industrials and S&P 500 closed at record…

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World

Facebook will fuel more unrest, whistle-blower tells UK lawmakers

The social media giant needs to stop its algorithms from pushing divisive content, Frances Haugen tells British politicians. Facebook Inc…

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World

Apple once threatened to ban Facebook over Mideast maid abuse: AP

Two years ago, Apple threatened to pull Facebook and Instagram from its app store over concerns about the platform being…

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World

Saudi Arabia to set up investment fund for carbon capture

The kingdom will also back a plan to feed hundreds of millions of people by providing clean cooking fuels, Crown…

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