Business

Biden plans executive order after semiconductor crunch

The Biden administration is assessing immediate steps to address the semiconductor shortage and plans an executive order to shore up critical supply chain items, a White House spokeswoman said Thursday.

Business

Global watchdog proposes tax overhaul for Big Tech

A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their dues, and warned that failure to adopt it would make the economic recovery from COVID-19 harder.

Business

EasyJet flies into first annual loss

EasyJet expects a pre-tax loss of up to £845 million for its fiscal year just ended as coronavirus travel restrictions slam passenger demand, the British no-frills airline said Thursday.

Business

France puts 5G mobile frequencies on the block

France on Tuesday began to auction off radio frequencies for the deployment of ultrafast 5G mobile technology, a process that will add billions of euros to the government's depleted coffers.

Business

Tencent profits up as gamers stay home but WeChat ban looms

Chinese tech firm Tencent, the parent company of social media giant WeChat, said Wednesday its revenue jumped 28 percent in the first half of this year as the coronavirus pandemic kept people glued to their screens.

US banks set aside billions as buffer against bad loans

Three major US banks have set aside an additional $23 billion as a backstop against bad loans, highlighting the brittle state of the US economy due to the coronavirus pandemic, the companies said Tuesday.

Business

China's trade rises as economy recovers from virus slump

China's trade improved in June in a fresh sign the world's second-largest economy is recovering from the coronavirus pandemic. But its exporters face threats including tension with Washington and a possible downturn in U.S. ...

Energy & Green Tech

Coal reaching 'tipping point' vs renewables: analysis

Renewable energy such as wind and solar projects are already cheaper to build than it is to continue operating 40 percent of the world's existing coal fleet, according to analysis released Tuesday.

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