International
Massive data breach at Marriott’s Starwood hotels
Marriott International said it’s investigating a hack of the guest reservation database at its Starwood unit that may be one of the biggest such breaches in corporate history.
IKEA to cut 7,500 jobs, focus on e-commerce
Ikea Group, the owner of most IKEA furniture stores worldwide, plans to cut 7,500 jobs over the next couple of years, mainly administrative staff in central support functions, it said on Wednesday.
Ivanka Trump ‘used’ personal e-mail for official White House business
Ivanka Trump, the president’s daughter and a top White House adviser, sent hundreds of e-mails about government business from a personal e-mail account last year, The Washington Post reported on Mon
From Tokyo to Paris – Carlos Ghosn’s downfall ripples
The downfall of Nissan Motor Co chairman Carlos Ghosn reverberated for a second day as politicians and executives scrambled to fill the vacuum at the top of the world’s largest car alliance amid new
Facebook investors want Mark Zuckerberg to step down as firm’s chairman
Facebook used a Republican public relations firm to help repair its battered reputation following criticism of social media.
North Korea tests new ultramodern tactical weapon
North Korean leader Kim Jong Un observed the successful test of an unspecified “newly developed ultramodern tactical weapon,” state media reported Friday, in an apparent bid to apply pressure on t
Chip stock carnage seeps into Asia with $11-bn loss
The chipmaking sector saw another bout of selling in Asia, wiping at least $11.2 billion in market value, as weak forecasts from Nvidia and Applied Materials added to the latest signals that demand fo
Walmart puts Amazon on notice with sales beat, rosy outlook
Walmart sailed into the holiday season with stronger-than-expected sales and a boosted full-year outlook, signaling that the world’s largest retailer can more than hold its own against rival Amazon.
Trade meeting result: US to take U-turn on car tariffs for now
The Trump administration will hold off for now on imposing new tariffs on automobile imports as top officials weigh revisions to a report on the national security implications, according to two people
Indian-American Neomi Rao to replace Kavanaugh on DC Circuit
Prominent Indian-American lawyer Neomi Rao has been nominated by US President Donald Trump to fill Justice Brett Kavanaugh’s seat on the powerful DC Circuit Court of Appeals.
China-backed Asia trade deal pushed back to 2019
Asian nations gave up hopes of completing a 16-nation trade bloc this year, with Chinese and Australian officials now looking to finalise the deal in 2019.
Internet traffic hijack halts Google services
An internet diversion that rerouted data traffic through Russia and China disrupted several Google services on Monday, including search and cloud-hosting services.
SoftBank to raise $21 billion in Japan’s largest IPO yet
At that price, the IPO would surpass the offering of former national carrier Nippon Telegraph & Telephone in 1987.
In its largest-ever deal, SAP to buy Qualtrics for $8 billion
That’s a field Europe’s biggest software company wants to gain a stronger foothold in because it’s growing faster than its core enterprise software business.
Donald Trump to take public opinion on H-4 visa revocation
The Trump administration has assured lawmakers and the American corporate sector that the public would get an opportunity to respond to its proposal of revoking work authorisation to H-4 spouse visas
Saudi Arabia’s think-tank studying hypothetical world sans OPEC
The study is the second in a series, after an earlier report found that OPEC’s spare capacity reduces oil price volatility and generates as much as $200 bn of annual economic benefits for the world
US vs China: Internet is splitting into two as trade war rages
Western bigwigs were a no-show at China’s biggest web conference.
US-China trade war: Xi vows to raise imports amid row with US
Chinese President Xi Jinping promised on Monday to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting fricti
Alibaba’s Jack Ma calls US-China trade war ‘most stupid thing’
Billionaire Alibaba co-founder Jack Ma called fighting over trade senseless and decried once again a widening conflict between the US and China.
Diwali dhamaka! Amazon offers free shipping on all orders for the holidays
Amazon.com said on Monday it would offer free shipping with no purchase minimum for the first time this holiday season, heating up the competition with Walmart and other rivals vying for customers’
Google urged to scrub personal details from Toronto digital city
The proposed city been embroiled in controversy from the start over how data from smartphones, sensors and the like, will be used.
Tax rules for tech giants: EU’s divisive plan to tax Facebook, Amazon returns to spotlight
Spearheaded by France, the plan has met resistance from countries such as Ireland and Sweden, which question the wisdom of the EU going it alone given the global nature of digital services.
US citizenship question goes on trial in the next US census to be held for the first time in 70 years
The trial, starting the day before a momentous midterm election, could help rewrite the nation’s political map for a decade.
Serious charges: Air Asia board says former CEO to blame
The board of directors of AirAsia Group (AAGB) on Tuesday rebutted all allegations levelled against the airline’s top brass including group CEO Tony Fernandes, deputy group CEO Bo Lingam and also AA
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