Category: Business

It was early 2019, and senior Amazon.com Inc executive Jay Carney was preparing for an important meeting. The former press secretary to U.S. President Barack Obama, Carney was scheduled to talk with India’s ambassador to the United States in Washington, D.C. In Delhi, the Indian government had just announced foreign direct investment regulations that threatened […]

Baidu has appointed a chief executive officer and decided on a brand for its electric vehicle (EV) venture with Zhejiang Geely Holding Group, the Chinese search engine giant said on Thursday. Robin Li, Baidu’s CEO, made the comments on a quarterly earnings call without disclosing names. He also said that they would try to launch […]

China’s Baidu Inc reported quarterly revenue above Wall Street expectations on Wednesday, helped by a recovery in advertising and an uptick in demand for its cloud services and artificial intelligence platforms. The results come as Baidu beefs up its autonomous and smart transport technology to tap into the fast-growing electric-vehicle market and diversify revenue sources. […]

Hopes of a speedy aviation recovery this year have been knocked back by global travel restrictions after the emergence of new coronavirus variants and a slower than expected vaccination rollout, dimming the outlook for jet fuel demand and oil prices. Jet fuel suffered the biggest demand decline among oil products as aviation activity collapsed last […]

Texas oil producers and refiners remained shut for a fifth day on Wednesday after several days of blistering cold, and the governor ordered a ban on natural gas exports from the state to try to speed the restoration of power. The cold snap, which has killed at least 21 people and knocked out power to […]

Facebook was “wrong” to block news content from Australian users’ news feeds in response to planned laws which would make the social media company pay for content, Australian Treasurer Josh Frydenberg said on Thursday. Overnight, the social media giant cleared out the news feeds of dozens of Australian media and public information pages in a […]

Top executives from hedge funds and the Robinhood trading platform will appear before a U.S. House panel on Thursday to explain how a flood of retail trading drove shares of GameStop and other stocks to extreme highs, squeezing short sellers who had bet against them. Here is a timeline of the stock’s rapid 1,600% rise, […]