Business

      Shoppers in Shanghai last spring. ALY SONG/REUTERS
      Business

      China’s Economy Powers Ahead While the Rest of the World Reels

      China is the only major economy expected to report growth for 2020, helping it close the gap with the U.S. Lifted by its quick recovery from Covid-19,...
      Sheldon Adelson invested billions in Asia, underscoring his conviction that demand for gambling there was nearly insatiable. PHOTO: KIN CHEUNG/ASSOCIATED PRESS

      Sheldon Adelson Dies at 87, a Giant in the...

      One of the world’s richest men, he was a big donor to the Republican Party
      Roku Confirms Quibi Deal, Taking Exclusive Global Rights To Dozens Of Shows

      Roku Confirms Quibi Deal, Taking Exclusive Global...

      Roku agreed to acquire the rights to content from Quibi, a deal that will make the defunct short-form streaming service’s shows available on the...
      GETTY IMAGES

      Wall Street to kick out Chinese telecom giants

      The New York Stock Exchange (NYSE) said it will delist three Chinese telecommunications firms based on claimed links with its military
      Shirley Young, who arrived in the U.S. when she was 10 years old, at her apartment in New York on March 6. PHOTO: WANG YING/XINHUA/ZUMA PRESS

      Shirley Young, Former GM Vice President, Dies at...

      Shanghai-born executive worked in market research and was on the boards of Salesforce.com and Bank of America
      Jamie Dimon, JPMorgan’s chief executive, suffered a near-fatal heart injury in March, just as the U.S. economy was about to melt down.

      JPMorgan’s Jamie Dimon and His Brush With Death:...

      The CEO’s dangerous rip in his aorta came as the pandemic began to ravage the economy. The two emergencies would test the foundations of America’s...
      Billie Eilish is one of Universal Music’s biggest stars. PHOTO: /ASSOCIATED PRESS

      Tencent Doubles Stake in Universal Music, Home to...

      Deal bolsters Chinese internet giant’s growing presence in the record industry and its exposure to some of the biggest names in music
      Untitled

      Obi-Wan, She-Hulk and a new Pinocchio: Disney+ is...

      Disney will beef up its original content library with reboots and spinoffs
      Brian Chesky, Airbnb’s chief executive, on Nasdaq’s digital billboard in Times Square on Thursday.Credit...Hiroko Masuike/The New York Times

      Airbnb Tops $100 Billion on First Day of Trading,...

      The home-rental company’s blockbuster I.P.O. followed that of the delivery company DoorDash. Investors piled into both.
      AT&T acquired DirecTV in 2015 for about $49 billion, or $66 billion including debt. PHOTO: KAREN BLEIER/AGENCE FRANCE-PRESSE/GETTY IMAGES

      AT&T Fields DirecTV Offers Above $15 Billion...

      Apollo Global Management, long seen as the front-runner, bid below $15 billion; Michael Klein’s blank-check company among the bidders
      Courtesy of Quibi

      Quibi Is Officially Dead

      Less than seven months after its debut, Quibi, the ill-fated short-form video app by Jeffrey Katzenberg and Meg Whitman, has officially shut down.
      Elon Musk has revealed how close Tesla came to going bankrupt. Picture: Brendan Smialowski/AFPSource:AFP

      Tesla was ‘a month away’ from bankruptcy while...

      Elon Musk has shared some insight into how close the most valuable carmaker came to going under as it fought for profits.
      Quibi founder Jeffrey Katzenberg at the 2020 International Consumer Electronics Show in Las Vegas in January. ETIENNE LAURENT/EPA/SHUTTERSTOCK

      Quibi Was Supposed to Revolutionize Hollywood....

      The instincts of Jeffrey Katzenberg and Meg Whitman, who headed the startup, proved wrong
      Spotify founder and chief executive Daniel Eck announces free music streaming to mobile phones and tablets. Picture: Jason DeCrow/SpotifySource:Supplied

      Spotify subscription price set to jump

      The head of the world’s biggest streaming music service Spotify has indicated prices for its service will rise as workers call for better pay.
      Courtesy of Netflix

      Netflix Raises Prices in the U.S.

      It will now cost $14 per month to subscribe to the standard Netflix plan.
      Quibi, we hardly knew ye (Photo by Robyn Beck / AFP)Source:AFP

      $2.4b streaming service shuts down

      After only six months in operation, a much vaunted streaming service has been scuttled in one of the most high-profile corporate failures in years.
      Michael Buckner/Variety

      Netflix Misses Q3 Subscriber and Net Earnings...

      Netflix expects its subscriber growth to return to pre-COVID levels.
      Jason KilarPhotographer: Haruyoshi Yamaguchi/Bloomberg

      Hulu Gets Sidelined in Disney’s Global Streaming...

      Disney executives are nervous about how much they will owe Comcast if its streaming service for adults grows much bigger.
      Whether or not TikTok will be banned in the US remains a question without an answer. Picture: Nicolas Asfouri/AFPSource:AFP

      Court halts Trump’s TikTok ban

      The viral video app said it had “no choice” but to make a legal challenge to avoid a US ban – and has now been given a temporary reprieve.
      © Reuters / Leah Mills / Dado Ruvic

      TikTok sues Trump to overturn ban that could...

      TikTok has reportedly filed a complaint against the Trump administration, seeking to block the looming ban on the app’s operations. It marks the...
      Jim Watson/AFP via Getty Images; Samantha Lee/Business Insider

      Trump's push to ban TikTok, explained in 30...

      The US Commerce Department announced Friday it would ban TikTok and WeChat from app stores on September 20.
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