Business

Sea’s Shopee to enter Mexico online market with app launch

Shopee, the e-commerce arm of Southeast Asia’s Sea Ltd, has launched an app for Mexico, where it plans to offer online sales in what would be its second market in the Americas. Shopee, the largest e-commerce platform in Southeast Asia, according to market researchers, launched a small presence in Brazil in 2019 as a pilot […]

Business

China Manufacturing Weakens for Third Month in February

CHINA’S manufacturing recovery weakened for a third month in February as exports and new orders declined, according to two surveys released Monday. A monthly purchasing managers’ index issued by a prominent business magazine, Caixin, declined to 50.9 from January’s 51.5 on a 100-point scale on which numbers above 50 show activity accelerating. A separate PMI […]

Business

Spotify to launch in 85 new markets, reach more than a billion listeners

Spotify said on Monday it would nearly double its market presence by launching in 85 new markets in the next few days, making the music streaming service available to more than a billion people around the world. The company’s shares, which were down in early trading, reversed course to rise as much as 6% to […]

Business

Chilean miner Codelco says copper price spike will bolster war chest, raise costs

Chile’s state-owned Codelco, the world’s largest copper producer, views recent spike in the price of the red metal as a “good opportunity” to generate cash for investments and hold down debt, but warned it could also drive up the miner’s costs, a senior executive said. The price of copper shot above $9,000 a tonne for […]

Business

UK court blocks Epic Games from contesting Apple’s Fortnite ban

The UK antitrust tribunal ruled on Monday that Epic Games, the creator of popular game Fortnite, will not be allowed to pursue its case against Apple Inc in the United Kingdom over its App Store payment system and control over app downloads. The two companies have been at loggerheads since August, when the game maker […]

Business

Oil jumps almost 4% as output slow to recover from Texas storms

Oil prices rose nearly 4% on Monday, boosted by the expected slow return of U.S. crude output after last week’s deep freeze in Texas shut in production. U.S. producers shut anywhere from 2 million to 4 million barrels per day of oil output due to cold weather in Texas and other oil producing states, and […]

Business

Europeans Get ‘Right to Repair’ for Some Electrical Goods

Companies that sell refrigerators, washers, hairdryers or TVs in the European Union will need to ensure those appliances can be repaired for up to 10 years, to help reduce the vast mountain of electrical waste that piles up each year on the continent. The “right to repair,” as it is sometimes called, comes into force […]