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Business 25 Jun 2019 | 5:35 AM

Facebook’s cryptocurrency gets a warm welcome in Geneva

ZURICH: Policy makers around the globe have been cool to the idea of Facebook Inc.’s planned Libra cryptocurrency. In Switzerland? They liked it so much, Facebook decided to set up shop there.

Business 13 Oct 2018 | 12:00 AM

Unfounded fear on taxes

The business sector is concerned about new taxes, while investors are dreading a levy on gains from stock markets. But the concerns appear to be unwarranted.

Markets 06 Aug 2018 | 10:30 PM

Global stocks lift on strong earnings as trade fight caps gains; sterling slumps

NEW YORK: Stock markets were up on Monday after strong corporate earnings helped Wall Street close higher, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.

Corporate News 18 Jun 2018 | 10:06 AM

South Africa's Liberty shares fall 5% after cyber attack

JOHANNESBURG: Shares in South African insurer Liberty Holdings fell nearly 5 percent on Monday and appeared set for their worst daily fall since February 9 after it became the victim of a cyber attack last Thursday.

Insurance 17 Jun 2018 | 10:36 PM

South Africa's Liberty Holdings suffers cyber attack, ransom demanded

JOHANNESBURG: South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack after an external party claimed to have seized data from the firm and demanded payment.

Business 26 Feb 2018 | 12:00 AM

US can outgrow higher spending, says Trump’s budget director

WASHINGTON: At the recent pace of economic growth, gains in government revenue will outstrip rising spending and the extra borrowing costs connected to rising interest rates, President Donald Trump’s budget director predicted.