Business

Published by Reuters By Brenda Goh and Josh Horwitz SHANGHAI (Reuters) -China said on Tuesday it would put in force new rules that will boost oversight over how its platform companies make plans to list abroad or use recommendation algorithms, in moves set to tighten Beijing’s grip over its sprawling technology sector. The Cyberspace Administration […]

Published by Reuters By Leika Kihara TOKYO (Reuters) – Asia’s factory activity grew in December as companies took rising global cases of the new Omicron coronavirus variant in stride, though persistent supply constraints and rising input costs clouded the outlook for some economies. The rising rate of global infections have raised eyebrows among policymakers, with

Published by Reuters UK BERLIN (Reuters) -German retail sales rose unexpectedly in November, data showed on Tuesday, lifting them to a record annual high despite renewed COVID-19 restrictions which held back a consumer-led recovery in Europe’s largest economy. The Federal Statistics Office said retail sales were up 0.6% on the month in real terms. That

Published by BANG Showbiz English Facebook now makes it even easier to allow users to log out remotely. The social media app has implemented a new update which allows users to log out of their account remotely from any location, which could save you a lot of hassle if you’ve ever forgotten to log out

Published by Reuters (Reuters) -U.S. retail sales rose 8.5% during this year’s holiday shopping season from Nov. 1 to Dec. 24, powered by soaring ecommerce sales, a report by Mastercard Inc said on Sunday. U.S. ecommerce sales jumped 11% in this year’s holiday shopping season, according to Mastercard SpendingPulse report https://mstr.cd/3qr4XEj, yet again underscoring the

Published by BANG Showbiz English Twitter has acquired the messaging platform, Quill. The social media platform has bought out the messaging app with the hope of improving its own messaging services, such as direct messages, the company announced earlier this week. In a tweet thread announcing the deal, Nick Caldwell, general manager for core tech

Published by BANG Showbiz English Elon Musk has sold more Tesla stock. The 50-year-old CEO and product architect for the vehicle company sold a total of $9.85 billion in Tesla stock last month, and he’s now decided to make even more of the company’s stock available to buy. Earlier this week, Elon sold another 934,091

Published by Reuters By Lindsay Dunsmuir (Reuters) – The number of Americans voluntarily quitting their jobs rose to a record high in September while job openings stayed stubbornly above pre-pandemic levels, a sign that businesses may have to continue to raise wages in order to attract workers. The Labor Department’s monthly Job Openings and Labor

Published by Reuters (Reuters) – General Electric said on Tuesday it would spilt into three public companies, as the storied U.S. industrial conglomerate seeks to simplify its business, pare down debt and breathe life into a share price battered over several years. The split marks the end of the 129-year-old conglomerate that was once the

Published by Reuters (Reuters) – Shares of Tesla Inc inched higher in premarket trading on Tuesday, stabilizing after speculation of a potential stake sale by chief Elon Musk spurred a near 5% drop in the previous session. Tesla’s shares were up 1.7% at $1183.2 by 0917 GMT. Monday’s sell-off wiped out around $60 billion off