TikTok maker pivots to Asia after bans in US, India and a likely one in the UK

Singapore: ByteDance, the Chinese owner of video-sharing app TikTok, is planning to make Singapore its beachhead for the rest of Asia as part of its global expansion. The Beijing-based company is looking to spend several billion dollars and add hundreds of jobs over the next three years in the city-state, where it has applied for […]

US reclaims 10.6m out of 22m jobs lost during pandemic peak

Washington: The number of Americans filing new claims for unemployment benefits hovered at high levels last week, strengthening views that the labor market was settling into a more gradual path of recovery from the COVID-19 pandemic. Initial claims for state unemployment benefits totaled a seasonally adjusted 884,000 for the week ended September 5, matching the […]

Khalifa Fund partners with Amazon to support Abu Dhabi SMEs

Abu Dhabi: The Khalifa Fund for Enterprise Development has partnered with Amazon to launch the E-Empower programme – an initiative that aims to support and develop Abu Dhabi-based small and medium-sized enterprises (SMEs). The programme will see Amazon offering thousands of businesses that make up the Abu Dhabi SME community access to more than 50 […]