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Ex-Google engineer builds US$1.5bil startup in 21 months

Colin Huang belongs to a rarefied cohort of Chinese entrepreneurs who launched their careers in Silicon Valley and then returned home to start successful tech companies.

Maersk Line to pay US$4b for smaller rival

COPENHAGEN: The world's biggest container shipping company Maersk Line will pay 3.7 billion euros (US$4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday.

Singapore Q1 jobless rate hits seven-year high

SINGAPORE: Singapore's overall jobless rate hit a seven-year high in the first quarter, while employment saw the biggest fall in nearly 14 years, underscoring weakness in sectors of the city-state's domestic economy.

Nintendo sees Switch console doubling profit, ending eight-year sales slide

Nintendo Co Ltd expects its new Switch console to more than double annual operating profit and end the eight-year sales decline that dogged its previous offering just as players were turning to smartphone gaming.

British economy slows sharply as inflation hits home

LONDON: Britain’s economy slowed sharply in the first three months of 2017 as higher inflation, boosted by last year’s Brexit vote, hit spending on the high street and hurt other consumer-focused businesses.

Exclusive - Trump complains Saudis not paying fair share for U.S. defence

WASHINGTON (Reuters) - President Donald Trump complained on Thursday that U.S. ally Saudi Arabia was not treating the United States fairly and Washington was losing a “tremendous amount of money” defending the kingdom.

Google’s search for non-ad revenue puts spotlight on cloud, Pixel

Alphabet Inc's non-advertising business, which houses its cloud unit, Pixel smartphones and the Play store, has long been sandwiched between Google's advertising juggernaut and its moonshot ventures that have captured popular imagination.

Exxon Mobil profit beats Street as oil prices move higher

HOUSTON: Exxon Mobil Corp, the world’s largest publicly traded oil producer, posted a better-than-expected quarterly profit on Friday, helped by rising crude prices and cost cuts.

Sumatec to ramp up oil output as auditor warns of material uncertainties

KUALA LUMPUR: Sumatec Resources Bhd has announced plans to ramp up oil production at the Rakushechnoye oil and gas field in West Kazakhstan as its external auditor warns of a possible risk that the company may not be able to sustain its operations.

Tillerson to lay U.N. groundwork to boost North Korea sanctions

UNITED NATIONS (Reuters) - U.S. Secretary of State Rex Tillerson warned on Friday that failure to curb North Korea's nuclear and ballistic missile programs could lead to 'catastrophic consequences,' while China and Russia rebuked Washington's threat of military force.