Wall Street share markets hit a record high on signs of an imminent pause in the trade war between the US and China, reports BBC. Business chiefs who met White House officials on Thursday hinted that a deal could come this week. It would avert another round of tariffs that the US was due to impose on China on Sunday.President ...

Facebook’s stock dropped almost 3% in regular trading after news reports suggested that the FTC may take antitrust action to prevent Facebook from integrating its disparate messaging apps. The reports said the Federal Trade Commission may seek a court injunction that would block Facebook’s “interoperability” plans for Facebook Messenger, WhatsApp and Instagram, which involves revising them to use the same ...

British authorities are asking Amazon to address concerns that its plan to buy a stake in food delivery platform Deliveroo could damage competition between businesses that do takeaways and those that deliver groceries. The Competition and Markets Authority gave the online shopping shopping behemoth five days to come up with legally binding proposals to address the competition concerns identified Wednesday. ...

The U.S. dollar declined against the euro on Tuesday after upbeat German economic data boosted the common currency. A monthly survey published Tuesday by a German economic research institute showed the economic sentiment for Germany has risen sharply in December 2019, buoyed mainly by better-than-expected exports data. The Leibniz Center for European Economic Research in Mannheim (ZEW) said the latest ...

The Australian government has released its proposed new online safety laws aimed at preventing the spread of harmful material. Paul Fletcher, the minister for Communications, unveiled the Online Safety Act in a speech to the National Press Club on Wednesday, urging technology giants such as Google and Facebook to “step up” in tackling the dangers of the internet. If passed ...

NASA administrator Jim Bridenstine and the media got an up-close look Monday at a huge, newly completed rocket for the program aimed at putting a man and woman on the moon as early as 2024. Bridenstine was in New Orleans to see the first of the “core stage” rockets for NASA’s Space Launch System at the Michoud Assembly Center, where ...

European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday. The world’s two biggest economies have been entangled in a lingering trade war for over a year, which has weighed on the global economy and resulted in ...

China’s trade with the United States sank again in November as negotiators worked on the first stage of a possible deal to end a tariff war. Exports to the United States fell 23% from a year earlier to $35.6 billion, customs data showed Sunday. Imports of American goods were off 2.8% at $11 billion, giving China a surplus with the ...

Chinese consumers are much more likely than people in other major countries to purchase an electric vehicle or hybrid, showed a latest survey. There is gathering pace behind electric vehicle appetite with over 50 percent of respondents willing to consider an electric or hybrid vehicle next time they replace vehicles, according to the survey released this week by global consulting ...

Iran’s President Hassan Rouhani on Sunday presented to parliament what he called a “budget of resistance” against crippling sanctions imposed by arch-enemy the United States. “Next year, similar to the current year, our budget is a budget of resistance and perseverance against sanctions,” Rouhani told parliament in remarks broadcast on state radio.