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LONDON: BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company.
Monopoly power is a good gig if you can get it. The trouble is keeping lawmakers from knocking on your door.
A growing number of US influencers are worried about TikTok’s future as the social video app faces growing scrutiny from the US government, rising competition from rivals such as Facebook and the defection of top level creators.
NEW YORK: The dollar rose and equity markets rallied on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations and other deals bolstered sentiment.
BRUSSELS, Aug. 3 (Xinhua) -- The acquisition of a Chinese insurance company by Germany's ERGO Versicherung AG (ERGO) together with China's Shandong Hi-Speed Group Corporation (SDHS) was cleared at the European Union (EU) level on Monday.
Alphabet Inc’s Google has agreed to pay US$450mil (RM1.90bil) for a stake in security firm ADT Inc as part of a partnership to create smart-home security products.
PARIS: Societe Generale SA (SocGen) reported on Monday a €1.26bil (US$1.48bil) second-quarter loss, as it booked a writedown on the value of its trading business that it seeks to revamp.