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Updated: 47 min 7 sec ago

Zoom doubles forecast for full-year revenue on remote-work boost

13 hours 35 min ago
REUTERS: Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns. Shares of the San Jose, California-based company rose nearly 5per cent in ...

Twitter names ex-Google CFO Patrick Pichette chairman

13 hours 44 min ago
Twitter Inc said on Tuesday that it appointed Patrick Pichette, former chief financial officer at Google, as chairman, replacing Omid Kordestani.

Austria Vienna lead relegation group as Austrian Bundesliga re-starts

13 hours 44 min ago
REUTERS: Austria Vienna beat Admira Moedling 1-0 in the Austrian Bundesliga's relegation group on Tuesday as the league resumed after a two-and-a-half month suspension amid the COVID-19 crisis. Football resumed in Austria last Friday when Salzburg won the Austrian Cup and the league sprung back to ...

No race cancellation even if driver has COVID, says F1 boss

13 hours 44 min ago
LONDON: Formula One will not cancel a race even if a driver tests positive for COVID-19, chief executive Chase Carey said on Tuesday. The American was speaking after the sport published an eight-race initial calendar with the season starting in Austria on July 5. The original March 15 opener in ...

Tech advocacy group's lawsuit says Trump's order on social media is unconstitutional

13 hours 44 min ago
The Washington-based Center for Democracy and Technology filed a lawsuit on Tuesday against U.S. President Donald Trump's executive order on social media, arguing it violates the First Amendment.

US FAA chief to testify at Senate hearing on Boeing 737 MAX

14 hours 4 min ago
Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.

Zoom earnings soar as video meets become pandemic norm

14 hours 7 min ago
SAN FRANCISCO: Zoom on Tuesday (Jun 2) reported that its earnings soared as its video-meeting service became a popular way to work or socialise while hunkered down due to the pandemic. Zoom said it made a profit of US$27 million on revenue that leapt 169 per cent to slightly more than US$328 ...

India's Modi gets Trump invite to attend G7 summit

14 hours 14 min ago
NEW DELHI: India's Prime Minister Narendra Modi got an invitation from US President Donald Trump to attend the next Group of Seven summit, India's Foreign Affairs Ministry said on Tuesday (Jun 2). Over a telephone call, Modi told Trump that New Delhi would be happy to work with the United States ...

LVMH's takeover of Tiffany seen as uncertain: WWD

14 hours 19 min ago
French luxury goods group LVMH's board called a meeting in Paris to discuss its US$16.2-billion offer for Tiffany & Co amid a deteriorating situation in the U.S. market, fashion trade publication WWD reported https://wwd.com/business-news/mergers-acquisitions/lvmh-tiffany-deal-seen-as-uncertain ...

Zoom doubles full-year revenue forecast on remote-work boost

14 hours 25 min ago
SAN JOSE, California: Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday (Jun 2), riding on a surge in usage of its video conferencing platform due to coronavirus-driven lockdown measures globally. Zoom, which has transformed from a business-oriented ...

Lyft says May rides jump 26per cent from prior month

14 hours 29 min ago
Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26per cent in May from the previous month, with strong growth from cities where coronavirus-induced restrictions have been eased.

US stocks close higher again despite widespread protests

14 hours 29 min ago
NEW YORK: Wall Street stocks continued to advance on Tuesday (Jun 2), ending solidly higher as investors focused on the boost from stimulus measures and economic reopening more than the mass protests seeping through US cities. The Dow Jones Industrial Average finished with a gain of 267.63 points ...

FAA chief to testify at June 17 Senate hearing on Boeing 737 MAX

14 hours 34 min ago
Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.

Twitter names Patrick Pichette as chair of board

14 hours 39 min ago
Twitter Inc said on Tuesday that it appointed Patrick Pichette as chair of the social network's board of directors, replacing Omid Kordestani.

GM should emerge from pandemic with permanently lower costs: CEO

14 hours 59 min ago
General Motors Co should emerge from the coronavirus pandemic with a permanently reduced cost base after it scrambled to reduce its cash burn to withstand a two-month shutdown in North American production as part of efforts to halt the spread of COVID-19, its top executive said on Tuesday.

F1 champion Hamilton 'overcome with rage' at racial injustice

15 hours 8 min ago
LONDON: Six times Formula One motor racing world champion Lewis Hamilton said on Tuesday (Jun 2) he felt "completely overcome with rage" as he urged people to speak out against racism and stand up for justice. The Briton had slammed his sport on Sunday for its silence over the killing of George ...

After Facebook staff walkout, Zuckerberg defends no action on Trump posts

15 hours 9 min ago
A Facebook employee said company leaders holding an all-hands meeting on Tuesday had so far failed to address concerns of staff who walked away from their desks to protest Chief Executive Mark Zuckerberg's handling of inflammatory posts by U.S. President Donald Trump.

After Facebook staff walkout, Zuckerberg defends no action on Trump posts

15 hours 24 min ago
Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest.

LVMH-Tiffany deal seen as uncertain: WWD

15 hours 24 min ago
French luxury goods group LVMH's board called a meeting in Paris to discuss its US$16.2-billion offer for Tiffany & Co amid a deteriorating situation in the U.S. market, fashion trade publication WWD reported https://wwd.com/business-news/mergers-acquisitions/lvmh-tiffany-deal-seen-as-uncertain ...

Spain records no coronavirus deaths for second day running

15 hours 29 min ago
MADRID: Spain recorded no deaths from the coronavirus for the second day running, the health ministry reported on Tuesday (Jun 2), while acknowledging some "discrepancies" in the reported daily figures. The ministry's daily report recorded 34 deaths over the previous week, but none over the ...

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