Business

LONDON: Microsoft and British regulators won more time from a court Monday as the US tech company uses a rare second chance to overcome opposition to its $69-billion bid for video game maker Activision Blizzard. Judge Marcus Smith conditionally approved a joint request from Microsoft and the Competition and Markets …

Local stocks fell for a second day on worries about China’s sluggish economic growth. The 30-company Philippine Stock Exchange index slipped 21.96 points, or 0.34 percent, to close at 6,528.80, as bears took over the market in the afternoon trading session. Philstocks Financial Inc. analyst Claire Alviar said the negative …

It might seem like everybody hates meetings, but organizational psychologist Steven Rogelberg calls them a “fundamental essence of being a human” and says we need to find ways to make meetings better, rather than eliminating them entirely.  Fewer people invited to meetings and a more focused approach could make a …

HONG KONG: Asian markets struggled on Monday to build on last week’s rally, with new data showing China’s economy grew less than expected in the second quarter as its post-Covid recovery runs out of steam. Equities surged last week as news that US inflation slowed more than forecast fanned hopes …

RABAT: Energy giant Shell will supply Morocco with 6 billion cubic meters of liquefied natural gas (LNG) over 12 years under a new agreement, Morocco’s energy ministry has said. Representatives of Morocco’s national electricity authority, ONEE, and the British firm signed a contract on Friday in Rabat, the ministry said …

SIDON, Lebanon: Among meandering alleyways in the historic market of Lebanon’s southern city of Sidon, cobblers and menders are doing brisk business as an economic crisis revives demand for once-fading trades. At Ahmed al-Bizri’s shoe repair store, nestled among old stone arches and a crowded warren of shops and stalls, …

(UPDATE) NEW YORK: Twitter owner Elon Musk said Saturday (Sunday in Manila) that the social media platform he bought for $44 billion last October has lost roughly half of its advertising revenue. “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load,” the billionaire …

An Airbus A321-200 utilized by several airlines for commercial flights was converted into a freighter and was inducted this week at the Teleport headquarters in Malaysia. Teleport, the logistics venture of Capital A Berhad, formerly known as AirAsia Group Berhad, said its first A321 Freighter (A321F) will “strengthen its position …

A joint task force of the Energy Regulatory Commission (ERC) and Department of Justice (DOJ) is being pushed, purposively to prosecute erring players in the restructured power industry. “What we’re trying to work out with the DOJ is the procedure … so we might form a task force to enforce …

New York: US automaker Tesla on Saturday announced that its first electric pickup — a slick-looking silver Cybertruck — had rolled off the assembly line at its huge plant near Austin, Texas. “First Cybertruck built at Giga Texas!” says a tweet from the company, accompanied by a photo of the …