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Business

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Rivals squeeze PayPal’s core online checkout business
Rivals squeeze PayPal’s core online checkout business

NEW YORK CITY, New York: PayPal, once the dominant name in online checkout, is facing mounting pressure from rivals as competition...

Jensen Huang says Nvidia still sees huge China demand
Jensen Huang says Nvidia still sees huge China demand

TAIPEI, Taiwan: Nvidia Chief Executive Officer Jensen Huang said on May 23 that China remains part of the company's projected US$200...

U.S. stocks end divided Tuesday in first trading day for week
U.S. stocks end divided Tuesday in first trading day for week

NEW YORK, New York - U.S. stocks returned from the long Memorial Day weekend with a split performance on Tuesday, as technology shares...

Huawei targets 1.4-nm chips by 2031 amid U.S. curbs
Huawei targets 1.4-nm chips by 2031 amid U.S. curbs

SHANGHAI/BEIJING, China: Huawei Technologies said on May 25 that it plans to produce semiconductors with transistor density equivalent...

Uber considers sweeter offer for Delivery Hero after rejection
Uber considers sweeter offer for Delivery Hero after rejection

FRANKFURT/MILAN: Delivery Hero shares surged to their highest level in 18 months on May 25 after a report said Uber was considering...

China’s DeepSeek slashes V4-Pro AI pricing for good
China’s DeepSeek slashes V4-Pro AI pricing for good

BEIJING, China: Chinese artificial intelligence startup DeepSeek said on May 23 that it will permanently maintain a steep 75% reduction...

International

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Record May heat grips Europe, triggers deaths and warnings
Record May heat grips Europe, triggers deaths and warnings

LONDON/PARIS: An unusually early heat wave swept across parts of Western Europe this week, breaking temperature records in Britain...

U.S, and Israel's past disdain for international law obstructing deal with Iran
U.S, and Israel's past disdain for international law obstructing deal with Iran

On May 24, Iran rejected President Trump's latest peace deal, confirming that he had misrepresented what Iran had agreed to and that...

Warsh takes Fed helm as Trump faces economic pressure
Warsh takes Fed helm as Trump faces economic pressure

WASHINGTON, D.C.: President Donald Trump's decision to appoint Kevin Warsh as the new chair of the U.S. Federal Reserve has tied the...

Former Scottish National Party chief Murrell pleads guilty to fraud
Former Scottish National Party chief Murrell pleads guilty to fraud

LONDON, U.K.: Former Scottish National Party (SNP) chief executive Peter Murrell admitted in court on May 25 that he stole more than...

US extends Ebola restrictions to permanent residents
US extends Ebola restrictions to permanent residents

WASHINGTON, D.C: The United States has expanded its temporary Ebola-related travel restrictions to include lawful permanent residents...

Buddhist monk in Sri Lanka gets bail in child sexual abuse
Buddhist monk in Sri Lanka gets bail in child sexual abuse

COLOMBO, Sri Lanka: A court in Sri Lanka this week granted bail to a senior Buddhist monk who had been arrested on suspicion of sexually...