In light of the cost-of-living emergency, British supermarket chain Asda reported lower like-for-like sales in the three months ending in June but claimed that sales had since increased.   Even though like-for-like sales, excluding fuel, fell 1.9% year over year in the three months ending...

As it struggles to obtain a licence to manufacture cars on its own, smartphone maker Xiaomi Corp is considering a production partnership with Beijing Automotive Group Co (BAIC) to produce electric vehicles (EVs), according to a Friday report by Bloomberg News.   Since state planners have...

A former Twitter security chief turned whistleblower testified in court that the company misled customers and US regulators about security flaws. Peiter Zatko also asserted that Twitter miscalculated the number of phoney and spam accounts that were present on its network.   The allegations...

The consumer protection agency of Peru is suing the Spanish oil company Repsol for a massive oil spill that occurred off the coast of Lima in January and stained the beaches there. More than 10,000 barrels of oil leaked into the Pacific Ocean during the spill, which Peru described as the worst...

Despite reporting annual losses for the third consecutive year, the national carriers of Australia and New Zealand claim that the worst of the coronavirus crisis is now behind them. With the pandemic's "existential crisis now over," according to Qantas, demand is rising.   Since March, Air...

With the global economy getting into a prolonged period of recession, the founder of China's embattled tech giant Huawei Technologies has informed the company employees that the firm's focus should change from pushing for scale to ensuring making and...

JD.com Inc. surpassed Wall Street expectations for quarterly revenue on Tuesday as China's coronavirus shutdown bolstered online shopping and the firm's "618" shopping festival.   In pre-market trading, stocks of the Beijing-based e-commerce behemoth increased by almost 7 per cent....

Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer distribute digital collectibles to the public, the company announced on Tuesday, as regulatory scrutiny of NFTs grows in China.   Huanhe, which was officially launched in early August, would no longer be releasing new...

Mizuho Securities Co, the brokerage arm of Mizuho Financial Group, has "space for future growth" in the United States, and acquisitions are one possibility under consideration, according to CEO Yoshiro Hamamoto.   Its US business, which mostly consists of investment banking and trading,...

Qantas Airways of Australia announced on Monday that it would add six Airbus SE A321 converted freighters to its domestic fleet to replace five ageing Boeing Co 737s and enhance capacity to meet an increase in demand from online shopping.   The A321 freighters will be sourced on the open...

The state owned oil company of Saudi Arabi - Saudi Aramco posted its greatest quarterly profit since going public in 2019, bolstered by increased oil prices and refining margins, on Sunday.   Aramco follows oil majors such as Exxon Mobil Corp and BP in reporting strong or record-breaking...