Facebook had a strong fourth quarter, making more money on advertising and adding more users despite challenges around regulation, privacy and efforts to fight election interference. Its profit and revenue both handily surpassed Wall Street’s expectations. The company also said it settled a lawsuit filed in 2015 over its facial recognition practices and will pay $550 million as a result. ...

A currency trader adjusts his mask at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea Shares advanced in most Asian markets on Wednesday after a rebound on Wall Street that reversed most losses from a sell-off the day before. Hong Kong’s Hang Seng dropped 2.4%, to 27,289.55 after reopening from Lunar New Year ...

China plans to launch more space science satellites in the coming three to four years, according to the Chinese Academy of Sciences (CAS). The satellites will be used to detect electromagnetic signals associated with gravitational waves, solar eruption activities, astronomy and the interaction between solar wind and the Earth’s magnetosphere. Four new missions include the Gravitational Wave Electromagnetic Counterpart All-sky ...

Boeing has successfully completed the first test flight of the world’s largest twin-engined jet, the 777X. It comes as the firm attempts to boost its image after its 737 Max plane was grounded last year following two fatal crashes that killed 346 people. The flight took off near Seattle and lasted four hours. Two attempts were called off this week ...

Bangladesh will see more investment from neighbouring country in the future as it has been containing a very favourable environment for Indian investors, said Dinesh Kumar Khara, Managing Director of State Bank of India. Mentioning that Indian investment in Bangladesh is going well, India’s banking boss came up with this hope in a trade meeting held between India Bangladesh Chamber ...

Photo: In this July 8, 2019, photo, cars wait to be exported at Yokohama port, near Tokyo. Japan logged a deficit for a second straight year last year as its exports were hurt by a slowdown of demand in China amid a tariff war with the U.S. Government data released Thursday showed Japan’s exports fell 5.6% in 2019, to 76.9 ...

Bangladeshi-American Omar Ishrak has been elected chairman of the Intel Corporation board of directors succeeding Andy Bryant who stepped down after serving for seven years. The California-based chip maker made the announcement on Tuesday (21 January) and said it would take immediate effect. Omar Ishrak has been serving as chairman and chief executive officer of Medtronic, the world’s leading medical ...

Canadian prosecutors proposed to fine Volkswagen $196.5m Canadian dollars (£110m) over its emissions scandal. Volkswagen was charged in December with importing nearly 128,000 vehicles into Canada that violated emissions standards.Volkswagen, the major German automobile manufacturer, then pleaded guilty to dozens of counts of diesel emissions violations.Globally the scandal has already cost the company more than €30bn in fines, penalties and ...

Facebook on Tuesday said it plans to create 1,000 more London-based jobs this year to improve safety on the social network with the aid of artificial intelligence. The new roles will increase the number of staff at the company’s largest engineering hub outside the United States to more than 4,000. “The UK is a world leader in both innovation and ...

12-terabyte bandwidth to be available to meet an incessant demand for internet The government is likely to sign up for the third submarine cable in next June, aiming to use 12 terabytes of internet bandwidth, a top official said on Tuesday. “We have already signed the Memorandum of Understanding (MoU) and hopefully will finalise terms and conditions in March next ...