Business

HONG KONG: Cathay Pacific has warned staff they risk being sacked if they join a planned Hong Kong strike, as the airline intensifies its crackdown on employee support for the rolling pro-democracy protests. Hong Kong’s flagship carrier, which has 27,000 staff in the city, has been accused of bowing to ...

LONDON: Vodafone UK is seeking to overturn a move by regulator Ofcom to relax restrictions on how much BT can charge for business fibre connections, saying it will result in higher bills for companies, universities and hospitals. Ofcom had already eased price regulation in central London in a review in ...

SHANGHAI: U.S. electric vehicle maker Tesla Inc had raised prices for some vehicles in China as the yuan trades at its weakest levels in more than a decade. The starting price for the Model X sport utility vehicle (SUV) is now 809,900 yuan ($114,186), versus 790,900 yuan previously, according to ...

MOSCOW: The Telegram messaging service is planning to issue its first native cryptocurrency, dubbed Gram, within the next two months, The New York Times reported, citing investors. According to the report, the company is planning to make Gram digital wallets available to 200-300 million of messenger users worldwide. The newspaper ...

BERLIN: A German court on Monday issued an interim injunction suspending a cartel office decision in February which sought to restrict Facebook’s data collection practices in Germany. “The suspension of the order means that Facebook does not have to implement the decision of the Federal Cartel Office for the time ...

JAKARTA: Most emerging Asian currencies slipped on Monday, tracking the broader sell-off in equity markets, as investors scurried away from risky assets amid intensifying Sino-U.S. trade tensions. U.S. President Donald Trump on Friday heaped an additional 5% duty on some $550 billion in targeted Chinese goods, just hours after China ...

LONDON: A forgery crisis is quietly roiling the world’s gold industry. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal ...

REYKJAVIK: Iceland’s central bank lowered its key interest rate for the third time this year as it battles with recession after a decade of solid growth. The bank cut its benchmark seven-day deposit rate by 0.25 points to 3.5 percent. It had already slashed the rate in May, and then ...

HONG KONG: Asian markets sank again as investors grow increasingly pessimistic about the outlook for China-US trade talks, while a closely watched recession indicator hit a level not seen since just before the financial crisis. The pound remained under pressure after Prime Minister Boris Johnson forced an extended suspension of ...

LONDON: Ever since the MeToo movement started, more and more women from across various professions and walks of life have come forward with their own stories of sexual assault and harassment. Now it appears it might just be the video game industry’s turn in the spotlight. The floodgates opened when ...