Category: Business

India’s Enforcement Directorate has recently asked Amazon.com Inc for information related to its operations in the country, as the agency continues to investigate the U.S. e-commerce giant, a senior agency source said on Friday. Last month, the source at the country’s federal financial-crime fighting agency said the Directorate will examine the findings in a recent […]

China’s Ant Group flagged a set of financial self-discipline rules on Friday amid intense scrutiny on its activities by authorities and the country’s overall tightening of financial technology regulations. The rules, the first of their kind released publicly by the financial technology giant, comes some four months after China suspended the group’s $37 billion plan […]

Airbus is canvassing airline support for a potential freighter version of its A350 passenger jet, targeting a key stronghold of U.S. rival Boeing as e-commerce lifts demand for transported goods, people familiar with the matter said. The jet would be the first freighter spin-off of the latest generation of carbon-fibre jets and help stabilise output […]

Major cryptocurrency exchange Binance Holdings Ltd is being probed by the Commodity Futures Trading Commission (CFTC) over concerns that it allowed Americans to make bets that violated U.S. rules. The CFTC is investigating if the company, which isn’t registered with the agency, permitted U.S. residents to trade derivatives that the regulator polices, the report said, […]

Ransom-seeking hackers have begun taking advantage of a recently disclosed flaw in Microsoft’s widely used mail server software, the company said early Thursday – a serious escalation that could portend widespread digital disruption. The disclosure, initially made on Twitter by Microsoft Corp security program manager Phillip Misner and later confirmed by the Redmond, Washington-based company, […]

AT&T Inc said on Friday it expects up to 150 million global subscribers for its video services HBO Max and HBO, and $15 billion in revenue for the businesses by the end of 2025, as more people turn to cheaper streaming services for entertainment. Shares of AT&T were up 2% to $30.16 in morning trading. […]

Southeast Asia’s biggest ride-hailing and food delivery firm Grab Holdings is in talks to go public through a merger with a U.S. special purpose acquisition company that could value it at nearly $40 billion, people familiar with the matter said. A deal, if confirmed, would make it the largest ever blank-check transaction. Two sources said […]