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China sharpens language, warns Taiwan that independence 'means war'

China believes that Taiwan's democratically-elected government is moving the island towards a declaration of formal independence

US economy contracts in 2020; worst performance since 1946

The Federal Reserve on Wednesday left its benchmark overnight interest rate near zero

Toyota beats Volkswagen to become world's top selling automaker in 2020

Toyota said on Thursday its group-wide global sales fell 11.3% to 9.528 million vehicles in 2020. That compared with a 15.2% drop at Volkswagen to 9.305 million vehicles

Commerzbank's new CEO plans to axe 10,000 jobs in cost-cutting drive

The plan to reduce the workforce by around a quarter and cut the network of branches from 800 to 450 by 2024 will be finalised by Feb. 3, the bank said

SAP pitches cloud transformation to coronavirus pandemic-hit customers

Industry experts say SAP's shift to hosting more standardised applications from remote datacenters is key to keeping up with rivals such as Salesforce and Oracle

Samsung, Hyundai, Daewoo prepare for Petrobras oil platform tender: Report

The competition marks Petrobras' comeback as a key customer for Asian shipyards

Dow Inc quarterly results beat estimates on higher demand, prices

Dow Inc reported quarterly results on Thursday that beat analysts' estimates and forecast better-than-expected sales for the first quarter as demand and prices for its chemicals recover

Toyota South Africa to produce new model, creating 500 direct jobs

Toyota South Africa will start manufacturing a new model, the Corolla Cross, in the country this year, creating 500 jobs at its production plant in the east coast town of Durban

Govt's Budget 2021 aiming to revive economy with limited fiscal headroom

The sources said the government was also likely to project a tax revenue increase of 18-20%, aided by the lower base of the current year and an expected economic turnaround

McDonald's earnings miss estimates as Europe lockdowns squash sales

Several European countries announced tough restrictions as the health crisis spiraled out of control late last year, adding to the woes of the restaurant industry

Wall Street opens higher shrugging off bleak GDP, jobless claims data

The Dow Jones Industrial Average rose 74.0 points, or 0.24%, at the open to 30377.19

WHO team in Wuhan probing Covid-19 origins moves out of quarantine

The mission has been plagued by delays, concern over access and bickering between China and the United States

Facebook oversight board overrules company on most cases in first test

The first rulings will be scrutinized to see how independent the board appears from the world's largest social media platform

Mastercard beats Wall Street profit estimates as customers spend more

Excluding items, Mastercard reported net income of $1.6 billion for the quarter ended Dec. 31, or $1.64 per share, compared with $2 billion a year earlier, or $1.96 a share

Oil steadies at $55.89 a barrel as Covid-19-induced demand worries persist

Brent crude futures were up 8 cents, or 0.1%, at $55.89 a barrel by 1331 GMT, having hit a session low of $55.31

Aramco will launch further share sales, says Saudi Arabia's crown prince

He was speaking at the kingdom's Future Investment Initiative conference

American Airlines' quarterly loss better than expected, shares jump 60%

American joined rival Delta Air Lines in calling 2021 a year of recovery for an industry that has been ravaged by the coronavirus pandemic.

Gold prices dip as investors opt for relative shelter of US dollar

Spot gold was down 0.2% at $1,840 an ounce by 1258 GMT. Prices had fallen to their lowest since Jan. 18 at $1,830.80 on Wednesday.

India's small investors rush to join US firm GameStop's frenzied rally

This week, GameStop accounted for 19% of the trades on Vested Finance, an Indian investment firm that helps Indians buy or sell US stocks

China likely to avoid setting 2021 GDP target over debt concerns: Report

China is the world's second-biggest economy