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Alibaba fined $2.78b for market abuses
Apr 11, 2021
SHANGHAI — Chinese regulators hit e-commerce giant Alibaba with a record 18.2 billion yuan ($2.78 billion) fine on Saturday over practices deemed to be an abuse of the company's dominant market position.Alibaba, the Jack Ma-founded Chinese e-commerce leader and one of the world's most valuable companies, said it accepted the penalty and pledged to ...
Housing Bank to distribute 12% in cash dividends
Apr 11, 2021
AMMAN — The Housing Bank approved the distribution of cash dividends at a rate of 12 ...
IMF warns more funding needed to safeguard global economy
Apr 10, 2021
WASHINGTON — Warning that the recovery from the pandemic crisis is not yet over, the ...
Shell says Texas winter storm to cost $200m
Apr 08, 2021
LONDON — Royal Dutch Shell forecast on Wednesday that this year's deadly Texas winter storm will cost the Anglo-Dutch energy giant up to $20 ...
German car sales plunge on virus woes
Apr 08, 2021
FRANKFURT — New car sales in Germany posted their worst first-quarter performance since national reunification in 1990 owing to the coronavi ...
Lebanon's dollar crisis dims future of students abroad
Apr 07, 2021
BEIRUT — Lebanese medical student Mohammad Sleiman travelled to Belarus to become the first doctor in his family, but he now fears his count ...
Apple chief Tim Cook talks of autonomous cars
Apr 06, 2021
SAN FRANCISCO — Apple chief Tim Cook portrayed self-driving cars as an ideal match for the technology giant during an interview released on ...
Google prevails over Oracle in key Supreme Court copyright case
Apr 05, 2021
The US Supreme Court on Monday handed Google a major win in a long-running copyright battle with Oracle, ruling that the use of the Java pro ...
Asian equities rally after Wall Street record
Apr 04, 2021
HONG KONG — Tokyo's Nikkei led a rally in holiday-thinned trade in Asia on Friday following a record-breaking day on Wall Street with invest ...
World Bank to align financing with Paris Climate Accord
Apr 03, 2021
WASHINGTON — The World Bank adopted a new Climate Change Action Plan that will boost financing aimed at reducing emissions to align its poli ...
New US unemployment claims spike back above 700,000 — gov’t
Apr 01, 2021
Japan's Mizuho faces $90 million Archegos loss: report
Apr 01, 2021
TOKYO — Japanese bank Mizuho may have lost around $90 million in the Archegos stocks sale saga that has hit financial institutions worldwide ...
Huawei’s results reflect strong presence, despite challenges
Mar 31, 2021
AMMAN — Huawei’s financial results for 2020, revealed on Wednesday, reflected the company’s capability to compete in a complex global enviro ...

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