Business

Shares of Vodafone's India arm in free-fall

Shares in telecoms giant Vodafone's debt-ridden Indian unit fell sharply for a second day Wednesday following reports that its billionaire chairman thought the firm was on the brink of collapse and wanted to sell his stake.

Business

China gaming shares dive after 'spiritual opium' warning

Shares of Tencent and other major Chinese gaming companies plummeted Tuesday after a state-run media article described online games as "spiritual opium", prompting the tech giant to consider a playing ban on children under ...

Business

China's Didi denies report of plan to buy back shares

Didi Global Inc. on Friday denied a report by The Wall Street Journal that the ride-hailing service was considering buying back its U.S.-traded shares after its June market debut was disrupted by Chinese government orders ...

Business

Didi shares plunge in wake of Beijing crackdown

Shares of Didi Chuxing plunged in pre-market trading Tuesday after Beijing required app stores to pull the Chinese ride-hailing program as part of a widening crackdown on technology companies.

Business

Japan Airlines logs $2.6 billion loss over pandemic

Japan Airlines posted an annual net loss of $2.6 billion Friday but did not release a forecast for the current financial year, citing uncertainty around the coronavirus pandemic.

Business

Vivendi, Mediaset end feud over failed Netflix rival in Europe

French media conglomerate Vivendi and Italian rival Mediaset have agreed to bury the hatchet in their long-running legal battle over failed plans to set up Europe's answer to US streaming giant Netflix, the two groups said.

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