The United States is considering a diplomatic boycott of the Beijing Olympics, President Joe Biden confirmed on Thursday, a move that would be aimed at protesting China’s human rights record, including what Washington says is genocide against minority Muslims. “Something we’re considering,” Biden said when asked if a diplomatic boycott was under consideration as he […]
Facebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to […]
Detroit automakers Ford Motor Co (F.N) and General Motors Co (GM.N) both took advantage of insatiable demand from U.S. consumers for trucks and SUVs to offset the pain caused by supply chain bottlenecks. But both automakers warned investors that the cost pressures created by disruptions in the global semiconductor supply chain and price spikes for other commodities will continue […]
Germany’s coronavirus caseload took its biggest jump in two weeks on Thursday, with over 28,000 new infections, the Robert Koch Institute said, adding heft to worries about restrictions this winter. The number of new infections per 100,000 people over seven days – one of the metrics used to determine policy measures – stands at 130.2, up 12.2 points from 118.0 the […]
The U.S. economy likely grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending. The Commerce Department’s advance gross domestic product report on Thursday is also expected to show […]
Global demand for gold fell in the third quarter to its lowest since the last quarter of 2020 as financial investors sold the metal, the World Gold Council (WGC) said on Thursday. However, demand from jewellers, central banks and smaller, retail investors buying gold bars and coins was solid, the WGC said. Total demand for […]
Former U.S. President Donald Trump cannot fight his suspension from Twitter in a Florida federal court, but instead must abide by the social media company’s terms of service and sue in California, following a judge’s ruling. U.S. District Judge Robert Scola in Miami said in a written order late on Tuesday that Trump was bound by a […]
Coca-Cola Co (KO.N) raised its full-year profit forecast on Wednesday, banking on higher prices and demand for its sodas globally to counter rising costs due to supply chain disruptions. The company’s shares rose 2.3% to $55.70, as a rebound in demand for its soft drinks, due to the reopening of public venues such as theaters, stadiums and […]
The ASEAN post pandemic recovery plan focuses on attracting investment and creating a more resilient supply chain in the longer-term, says Asean Business Partners. The comment is noted from the webinar The Future is ASEAN – a Pathway to Growth in Southeast Asia. Mr Ted Osius – President & CEO US-ASEAN, Business Council comments “At […]
Americans this week were handed a big decision when it comes to getting a COVID-19 vaccine booster. The U.S. Centers for Disease Control and Prevention (CDC) on Thursday said individuals who qualify could choose a different vaccine from the one they received for their initial inoculation. For Americans asking how to choose, the following is what some […]
Biden says U.S. considering diplomatic boycott of Beijing Olympics
NewsThe United States is considering a diplomatic boycott of the Beijing Olympics, President Joe Biden confirmed on Thursday, a move that would be aimed at protesting China’s human rights record, including what Washington says is genocide against minority Muslims. “Something we’re considering,” Biden said when asked if a diplomatic boycott was under consideration as he […]
Facebook changes name to Meta, focusing on virtual reality
NewsFacebook’s chief executive Mark Zuckerberg announced in his keynote address that the company starting today will be called Meta. “Facebook is one of the most used products in the history of the world and it’s an iconic social media brand but increasingly it just doesn’t encompass everything that we do,” Zuckerberg said. “I want to […]
Ford, GM juggle high prices, supply chain pressure in Tesla’s shadow
NewsDetroit automakers Ford Motor Co (F.N) and General Motors Co (GM.N) both took advantage of insatiable demand from U.S. consumers for trucks and SUVs to offset the pain caused by supply chain bottlenecks. But both automakers warned investors that the cost pressures created by disruptions in the global semiconductor supply chain and price spikes for other commodities will continue […]
Germany’s COVID caseload makes biggest leap in two weeks
NewsGermany’s coronavirus caseload took its biggest jump in two weeks on Thursday, with over 28,000 new infections, the Robert Koch Institute said, adding heft to worries about restrictions this winter. The number of new infections per 100,000 people over seven days – one of the metrics used to determine policy measures – stands at 130.2, up 12.2 points from 118.0 the […]
Delta variant likely slammed brakes on U.S. economic growth in third quarter
NewsThe U.S. economy likely grew at its slowest pace in more than a year in the third quarter as COVID-19 infections flared up, further straining global supply chains and causing shortages of goods like automobiles that almost stifled consumer spending. The Commerce Department’s advance gross domestic product report on Thursday is also expected to show […]
Gold demand fell in the third quarter as big investors sold
NewsGlobal demand for gold fell in the third quarter to its lowest since the last quarter of 2020 as financial investors sold the metal, the World Gold Council (WGC) said on Thursday. However, demand from jewellers, central banks and smaller, retail investors buying gold bars and coins was solid, the WGC said. Total demand for […]
Trump loses bid to keep lawsuit against Twitter in Florida
NewsFormer U.S. President Donald Trump cannot fight his suspension from Twitter in a Florida federal court, but instead must abide by the social media company’s terms of service and sue in California, following a judge’s ruling. U.S. District Judge Robert Scola in Miami said in a written order late on Tuesday that Trump was bound by a […]
Coca-Cola raises profit forecast as strong soda sales counter cost pressures
NewsCoca-Cola Co (KO.N) raised its full-year profit forecast on Wednesday, banking on higher prices and demand for its sodas globally to counter rising costs due to supply chain disruptions. The company’s shares rose 2.3% to $55.70, as a rebound in demand for its soft drinks, due to the reopening of public venues such as theaters, stadiums and […]
Investment: Competition increases in ASEAN after Covid-19
Finance & Banking, NewsThe ASEAN post pandemic recovery plan focuses on attracting investment and creating a more resilient supply chain in the longer-term, says Asean Business Partners. The comment is noted from the webinar The Future is ASEAN – a Pathway to Growth in Southeast Asia. Mr Ted Osius – President & CEO US-ASEAN, Business Council comments “At […]
Americans wonder: Which COVID-19 vaccine is best?
NewsAmericans this week were handed a big decision when it comes to getting a COVID-19 vaccine booster. The U.S. Centers for Disease Control and Prevention (CDC) on Thursday said individuals who qualify could choose a different vaccine from the one they received for their initial inoculation. For Americans asking how to choose, the following is what some […]