Page 733 - Bloomberg

Tim Cook hits billionaire status as Apple's market value nears $2 trn

Apple's share price rose almost 5% last week, leaving the company Jobs co-founded 44 years ago in his parents' California home on the cusp of stock-market milestone: a market value of nearly $2 trn

China's counter-sanctions avoid top Trump aides; Ted Cruz, Rubio targeted

The US said Friday that it was placing sanctions on 11 Chinese officials and their allies in Hong Kong, including Chief Executive Carrie Lam, over their roles in curtailing political freedoms

Media tycoon Jimmy Lai arrested in Hong Kong, led away in handcuffs

Apple Daily, which is under Lai's media network Next Digital Ltd. and the biggest pro-democracy paper in Hong Kong, reported that nearly 200 officers were entering its offices

Covid-19: Truth is the first casualty of India's pandemic finance

Shadow banks will be the biggest losers. They will restructure their borrowers' loans but their own liabilities to banks won't get the same treatment

Aramco still working on deal to buy $15 bn stake in Reliance Industries

Reliance's shares fell in mid-July after Chairman Mukesh Ambani said a transaction had been delayed "due to unforeseen circumstances in the energy market and the Covid-19 situation."

Covid-19 pandemic speeds up JSW Steel's US business revamp plan

JSW Steel outlined plans two years ago to invest $1 billion in the US to expand its global footprint

Mail trail shows how Big Tech is pulling tricks from monopolists' handbook

Even though antitrust law might need to be amended to clarify what is -and isn't - acceptable practices by big tech, these documents show that there is enough evidence to file antitrust lawsuits

Reserve Bank's silence on record India bond sales leaves traders baffled

The yield on the India's benchmark 10-year bond has stayed around 5.80 per cent since mid-May after falling by more than 70 basis points this year

Lost generation: Covid-19 pushes millions of kids out of school, into work

Children may be seen as a stop-gap measure to fill jobs left vacant by migrant labourers who fled cities for their rural homes during the lockdown

Two Lebanese ministers quit as global powers gather to discuss aid

Global leaders including US President Donald Trump are participating in Sunday's conference, which is co-hosted by French President Emmanuel Macron and the United Nations

Hong Kong's privacy chief accuses US of 'Doxxing' sanctioned officials

The Trump administration has escalated pressure on several fronts against China's growing role on the world stage, which has become a key campaign issue in the upcoming US election

UK govt steps up efforts to stop wave of migrants crossing channel

Almost 4,000 people have crossed the channel so far this year in more than 300 small boats, with a one-day record of at least 235 arrivals on August 6

Covid-19 crisis: Donald Trump bypasses Congress to halt payroll tax

"Because the Trump plan taps a limited pool of existing funds to extend unemployment benefits at $400 per week, there is a high risk they run short ahead of the election," Husby said

Saudi Aramco's profit falls 73%; sticks with dividend despite debt surge

The results cap a turbulent period for the world's biggest oil exporter. Prices briefly turned negative in the US in April as the virus battered the global economy and Aramco slashed hundreds of jobs

Twitter, TikTok have had preliminary talks about merger: Report

It's unclear whether Twitter will pursue a deal, which would involve TikTok's U.S. operations, the people said

Twitter is thinking of subscription model, but is it worth your tweet?

A Twitter subscription model faces an interesting test as parts of the media and entertainment industry seem destined to move back toward predominantly advertising-supported platforms

Trump's TikTok, WeChat ban can cause problems to US tech firms: Here's how

The wording of the first order effectively puts Microsoft and ByteDance on the clock to finish their deal negotiations for TikTok's US operations by the already stipulated Sept 15 target date

US intelligence agencies say China and Iran want Trump to lose 2020 polls

At the top of the list is China, which sees Trump as "unpredictable" and has been increasingly critical of the president on Covid-19, Hong Kong and TikTok

DGCA, airport authority ignored warnings on Kozhikode table top runway

The runway at Kozhikode, where the latest crash took place, doesn't have an adequate safety mechanism, especially in wet conditions with a tailwind

Mukesh Ambani eclipses Europe's wealthiest man, becomes world's 4th richest

Ambani has slowly been shifting his focus to e-commerce, with tech giants seeking to take a piece of India's fast-growing digital business