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The New York Times Co (NYT.N) said on Thursday it has agreed to buy subscription-based sports site The Athletic for $550 million in cash, as the 170-year-old newspaper adds more digital content to grab subscribers. Founded in 2016, The Athletic Read more
Shares of Shimao Group Holdings (0813.HK) trading in Hong Kong fell on Friday as well as the price of bonds issued by its flagship unit, prompting the Shanghai Stock Exchange to suspend trading of three of the bonds. Shimao Group Read more
The U.S. Federal Aviation Administration (FAA) on Thursday issued fresh warnings that new 5G wireless service could still disrupt flights, saying there were “big differences” between U.S. aviation protections and those used in France. Late Thursday, the FAA launched a Read more
Japan’s household spending posted an annual drop for the fourth straight month in November, a weaker-than-expected reading that threw into doubt hopes that a consumer demand recovery will give a major boost to the economy in the final quarter of Read more
Most currencies will struggle to make any gains against the U.S. dollar in coming months, as monetary tightening expected from the Federal Reserve will provide the greenback with enough impetus to extend its dominance well into 2022, analysts said. Nearly Read more
Qatar Airways is seeking more than $600 million in compensation from Airbus (AIR.PA) over surface flaws on A350 jetliners, according to a court document shedding new light on an escalating business feud worth $4 million a day. The Gulf carrier Read more
Exxon Mobil Corp (XOM.N) on Thursday rejected a proposal by the United Steelworkers union (USW) to end an eight-month lockout of about 600 workers at the company’s Beaumont, Texas, refinery, the company said. The union’s proposed modifications to contract language Read more