Singapore competition watchdog fines Grab, Uber $9.5 million over merger
Singapore’s anti-trust watchdog fined ride-hailing firms Grab and Uber a combined S$13 million ($9.5 million) over their merger deal, and ordered Uber to sell vehicles from its local leasing business to any rival that makes a reasonable offer.
China to issue white paper on U.S. trade frictions: Xinhua
China’s state council will publish a white paper on the ongoing bilateral trade frictions with the United States, the official Xinhua news agency reported on Monday.
Asian shares wobble as China cancels trade talks with US; oil rallies
Asia shares stumbled in holiday-thinned trading on Monday as China ramped up trade tensions by cancelling upcoming tariff talks with the United States, while oil prices jumped after top producers ruled out boosting crude output.
Singapore competition watchdog fines Grab, Uber $9.5 million
Singapore’s competition watchdog fined ride-hailing firms Grab and Uber Technologies a total S$13 million ($9.5 million) and announced other measures to address competition concerns arising from the two companies’ merger in the city-state.
New U.S., China tariffs set to take effect, no compromise in sight
The United States and China are set to impose new tit-for-tat tariffs against each other’s goods on Monday, the latest escalation in a heated trade war between the world’s two largest economies.
Asian shares wobble as China halts trade talks with U.S.; oil rallies
Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China canceled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output.
Key companies to attend White House quantum computing meeting
The White House will hold a meeting on Monday on U.S. government efforts to boost quantum information science, with administration officials, leading companies including Alphabet Inc , IBM Corp , JPMorgan Chase & Co and academic experts taking part.
Global spending on digital marketing nears $100 billion: study
Spending on digital marketing grew by 44 percent last year in the United States and Britain to $52 billion, a study has found, estimating that global outlays on such tactics are approaching $100 billion.
Global advertising expenditure to grow 4.5 percent in 2018: Zenith
Global advertising expenditure is predicted to reach $581 billion at the end of 2018, with most of the growth coming from sponsored content in search engines and social media ads, according to industry forecaster Zenith.
Canada PM says informal NAFTA talks likely in next few days at U.N.
U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday.
