Business

JAKARTA/SINGAPORE — Singapore-based Grab's plan to acquire Indonesia's GoTo to create a dominant Southeast Asian ride hailing and food delivery company has run into regulatory hurdles, three sources said, casting a cloud over a potential deal. Reuters reported in May Nasdaq-listed Grab was looking to strike a deal to buy …

US Federal Reserve chairman Jerome Powell has come under fire from US President Donald Trump for not lowering rates more quickly. PHOTO: REUTERS WASHINGTON, D.C. — The US Federal Reserve held interest rates steady for a fourth consecutive meeting Wednesday, forecasting higher inflation and cooler growth this year as President …

SAN FRANCISCO — Meta on Tuesday gave posts from apps or servers synched to the “fediverse” a dedicated feed at Threads, its challenge to the X platform originally known as Twitter. The fediverse allows users to stay in one platform to look at cross-platform content — which means Meta gets …

This will be the third time the deadline has been extended. Reuters/File Photo WASHINGTON, D.C. — United States President Donald Trump will extend a June 19 deadline for China-based ByteDance to divest the US assets of short video app TikTok for 90 days despite a law that mandated a sale …

Some corporate leaders say new anti-greenwashing legislation has had the unintended effect of dissuading companies from taking climate action. But environmental organizations and others say that’s a cop out. Proponents say changes to Competition Act simply require companies to tell the truth. Some corporate leaders say new anti-greenwashing legislation has …

NEW YORK — Oil prices jumped and stocks mostly fell Tuesday after President Donald Trump abruptly departed G7 talks and concerns rose over a possible US intervention in the Israel-Iran war. Investors’ optimism the previous day that the conflict would not spread throughout the Middle East gave way to fears …

All new videos uploaded on Facebook will soon be classified as Reels, simplifying how users publish visual content, social media giant Meta Platforms said on Tuesday. The Instagram parent said Reels on Facebook will no longer have length or format restrictions, and include all types of video content — short, …

KANANASKIS, Canada — World leaders at the Group of Seven summit in Canada on Monday pushed US President Donald Trump to back away from his punishing trade war, arguing that it poses a risk to global economic stability. At a summit where host Canada worked to avoid stoking Trump’s anger, …

HONG KONG — Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as Israel and Iran continued to pound each other with missiles. Hopes that the deadly conflict can be contained helped most equities rise, while the US president’s earlier claim …

WASHINGTON, D.C. — Harmful content including hate speech has surged across Meta’s platforms since the company ended third-party fact-checking in the United States and eased moderation policies, a survey showed Monday. The survey of around 7,000 active users on Instagram, Facebook and Threads comes after the Palo Alto company ditched …