Category: Business

China on Sunday concluded its largest pilot project to date for a central bank-backed digital yuan, with analysts saying the trial extended its lead in the global race to develop a central bank digital currency (CBDC). Under the trial programme, the central bank distributed “red envelopes” – a reference to China’s traditional way of gifting […]

British Airways’ ICAG.L new boss appealed to Britain and the United States on Monday to back pre-flight COVID-19 testing with quarantine-free transatlantic travel corridors. “We need to work together on a testing pilot so flights can start between London and New York, traditionally one of the busiest airline routes in the world,” Sean Doyle said […]

Sometimes Cara Tocci feels like she is living in an underground bunker in a very strange world, like a character from the television series “Lost.” During this very curious moment in human history, Tocci started a new job as vice president of global corporate communications at sneaker and apparel giant Foot Locker. “I’ve never even […]

Netflix Inc will tell investors on Tuesday how the ongoing COVID-19 pandemic affected membership in the third quarter – a period when analysts remain bullish on the company despite the return of live sports and more streaming competition. Shares of the online video pioneer, trading close to an all-time high at $530.79 on Friday, have […]

The European Union should gain formal clearance next week to impose tariffs on $4 billion of annual U.S. imports in a dispute over aircraft subsidies, a World Trade Organization document showed on Monday. The EU won the right to retaliation in its dispute with the United States over subsidies to planemaker Boeing BA.N this month, […]

Japan will join forces with the United States and Europe to take on any market abuses by the four Big Tech companies, the new head of its antitrust watchdog said on Monday, a sign Tokyo will join global efforts to regulate digital platform operators. Kazuyuki Furuya, chairman of Japan’s Fair Trade Commission (FTC), also said […]

Alibaba Group Holdings BABA.N9988.HK said on Monday it will invest $3.6 billion to acquire a controlling stake in hypermarket operator Sun Art Retail Group Ltd 6808.HK, gaining further ground in China’s retail market. The e-commerce giant is hoping to further leverage its digital presence to support Sun Art’s 481 hypermarkets and three mid-size supermarkets in […]