China targets internet giants in sweeping antitrust law overhaul

Beijing: China has included the internet industry for the first time in an envisioned overhaul of its anti-monopoly laws, potentially giving regulators the power to rein in the country’s increasingly dominant technology giants. Proposed revisions to the Anti-Monopoly Law, published last week, included language that accords regulators responsibility to monitor the impact that internet companies […]

Aston Martin earnings slump, clouding turnaround prospects

London: Aston Martin Lagonda Global Holdings said profit last year slumped, increasing the urgency for the British sports-car maker to attract new capital to fund a turnaround. Challenging conditions continued through the peak delivery period of December, the company said Tuesday, adding that full-year adjusted earnings were about ÂŁ130 million ($171 million) to ÂŁ140 million. […]

Trump’s blacklisting of Huawei is failing to halt its growth

In the days after the U.S. government said it would bar Huawei Technologies Co. from buying vital American components, the Chinese company’s founder, Ren Zhengfei, pulled together an emergency meeting of his top lieutenants at headquarters in Shenzhen. In a large conference room, the billionaire asked for a report from the head of each business […]

Saudi credit default swaps soar on US-Iran crisis

DUBAI: The cost of insuring against a potential debt default by Saudi Arabia has soared by a sixth since the killing by a US drone on Friday of Iranian commander Qassem Soleimani, bearing the brunt of a broader reaction in Middle Eastern markets. Conventional spreads on five-year Saudi credit default swaps (CDS) were at 64 […]