Business

Sprint exploring Charter-Comcast collaboration: report

US telecommunications firm Sprint is exploring a possible alliance with cable companies Comcast and Charter Communications that could boost their wireless plans, The Wall Street ...

Dollar gives up gains as eyes turn to Fed's Yellen

The dollar swung in Asian trade on Tuesday after a top Federal Reserve official indicated it would raise interest rates further this year, while traders ...

'Transformers 5' tops box office, opens at franchise low

"Transformers: The Last Knight" smashed its way to the top of the North American box office, data showed Monday, but it was comfortably the weakest ...

US imposes second round of tariffs on Canadian lumber

The United States slapped a new anti-dumping tax on Canadian softwood lumber, the latest escalation in a trade dispute that began with an initial set ...

Bromance as Trump and Modi hail friendship at first talks

US President Donald Trump and Indian Prime Minister Narendra Modi embraced each other as friends and partners Monday, pledging their quest for economic growth would ...

Russian media group settles with oil giant Rosneft

Russian media group RBK on Monday said it has reached a legal settlement with Rosneft and its influential chief Igor Sechin, apologising for publishing "damaging" ...

China agrees to fight corporate hacking in Canada

China has pledged not to carry out state-sponsored cyberattacks against the intellectual property of Canadian firms, the two sides said Monday. The agreement was reached ...

Key US Republican threatens to block arms to Gulf

A top Republican lawmaker on Monday threatened to block US arms sales to members of the six-nation Gulf Cooperation Council including Saudi Arabia until their ...

Waymo teams with Avis to keep self-driving cars going

US car rental giant Avis Budget announced Monday it will team up with Waymo on the self-driving cars being tested on Arizona roads. The rental ...

Facebook to produce own TV series, games

Facebook is starting production on high-quality television series and gaming shows to be broadcast on its platform, one of the social media giant's executives said ...

Arconic shares fall on scrutiny after Grenfell Tower fire

Shares of US aluminum company Arconic tumbled Monday after it announced it would no longer sell cladding for high-rise buildings following the deadly Grenfell Tower ...

US firm stops sales of Grenfell Tower cladding for high-rises

The US supplier of the cladding which encased London's Grenfell Tower before it was destroyed by a devastating fire announced Monday it was stopping sales ...

Cyprus signs deal for Europe's largest casino: minister

Cyprus signed a deal Monday with Macau's Melco International and America's Hard Rock for the construction and operation of the biggest casino of its kind ...

Dutch bank bonus caps scaring off Brexit business: bosses

Tough rules capping annual bonuses for banking bosses may cost The Netherlands 17,000 jobs and a billion euros in lost revenues after Brexit, a Dutch ...

Falling aircraft sales prompt dip in May US durable goods orders

New orders for big-ticket US manufactured goods fell for the second month in a row in May, recording the biggest drop in six months, the ...

Italy hopes Venetian intervention draws line under banking woes

Italy's move to wind up two failing Venetian banks will be costly for taxpayers but should bolster the stability of the country's troubled banking sector, ...

EU to slap Google with record fine this week: sources

The EU's powerful anti-trust regulator will slap Google with a record fine as early as Tuesday in another European blow against a US tech giant, ...

EDF reviewing Hinkley Point costs and calendar

EDF is carrying out a "full review" of the costs and schedule of Britain's controversial Hinkley Point nuclear power plant, the French energy giant said ...

German business sentiment 'jubilant': Ifo

German business confidence soared to a "jubilant" new high in June, having already reached a quarter-century peak the previous month, a survey said Monday. The ...

Activist hedge fund Third Point targets Nestle

Swiss food and drink giant Nestle has become the latest target for activist US hedge fund Third Point, which has taken a one percent stake ...

Russian billionaire buys Holland & Barrett

Russian billionaire Mikhail Fridman has bought British health food retailer Holland & Barrett for £1.8 billion ($2.3 billion, 2.0 billion euros), his investment fund said ...

Chinese court jails Australian Crown Resorts staff in gambling case

A Chinese court on Monday convicted 19 current and former employees of Australia's Crown Resorts company on gambling-related charges, handing jail terms to 16 of ...

Italy to pay up to 17 bn euros to deal with two troubled banks: govt

Italy will pay up to 17 billion euros ($19 billion) to break up two insolvent Venetian banks, which have posed a threat to the country's ...

Australia's Crown Resorts staff face trial in China

A Chinese court opened a trial on Monday for 19 current and former employees of Australia's Crown Resorts company who were charged with promoting gambling, ...

China's hydropower frenzy drowns sacred mountains

Towering walls of concrete entomb lush forests on mountainsides in southwest China as workers toil on the dry riverbed below to build the country's latest ...

Rio prefers Yancoal to Glencore in Australia coal sale

Rio Tinto Monday recommended shareholders accept a new improved offer from Yancoal for its Australian coal assets, after the China-backed firm trumped a fresh bid ...

European stocks rebound on Italian banking rescue deal

European stock markets fizzed higher Monday as investors toasted news of a 17-billion-euro ($19 billion) rescue deal in Italy's long-troubled bank sector. Equity markets in ...

Bermuda banks on lasting America's Cup benefits

Bermuda, with $77 million invested in the 35th America's Cup, is hoping the buzz of yachting's most prestigious event continues to ripple through its turquoise ...

Volkswagen Slovakia workers win wage hike, end strike

Unions at Volkswagen Slovakia said on Sunday they were ending a six-day strike after agreeing a 14.1 percent wage hike with management at the eurozone ...

'Transformers 5' dominates box office but opens at franchise-low

"Transformers: The Last Knight" smashed its way to the top of the North American box office, industry estimates showed on Sunday, sending last week's hit ...

Japan's airbag giant Takata files for bankruptcy

Japan's crisis-hit car parts maker Takata filed for bankruptcy protection Monday and said its chief executive would quit after a deadly airbag crisis that triggered ...

Trump hosts 'true friend' Modi for first one-on-one

US President Donald Trump welcomed Indian Prime Minister Narendra Modi to the White House for their first face-to-face meeting, seeking to forge a chemistry that ...

Italy to pay up to 17 bln euros to deal with two troubled banks: govt

Italy will pay up to 17 billion euros ($19 billion) to break up two insolvent Venetian banks, which have posed a threat to country's banking ...

Chad leader says Glencore oil contract was irresponsible

Chad President Idriss Deby said Sunday his country had been "irresponsible" in striking oil for cash deals with Swiss commodities giant Glencore, given the subsequent ...

BIS warns of risks to global economic growth

The Bank of International Settlements (BIS) on Sunday urged governments to allow growth trends toward long-term averages to target structural reform while warning against inflation ...

Visitor numbers down but Paris Air Show was 'good vintage'

This year's Paris Air Show at Le Bourget has proved a "good vintage" with orders up 13 percent though fewer visitors showed up, organisers said ...

Court says Ivanka Trump must testify in knock-off shoes suit

President Donald Trump's daughter Ivanka must give testimony later this year in a lawsuit against her apparel company, which is accused of lifting designs from ...

Greece takes home foreclosures online to avoid protests

The scene has become familiar in Greece in recent months -- a middle-aged woman in a courthouse, trying to dodge an angry crowd shouting inches ...

China drone king turns to farming

China drone-maker DJI is betting on flying machines that shoot pesticide instead of photos to fend off growing competition in the global remote-controlled aircraft market. ...

Soweto's urban entrepreneurs take on the world

At the back of Mandisa Zwane's typical yellow plaster-clad Soweto house is a bustling hive of activity set to a soundtrack of gospel music and ...

Moody's raises Greece's sovereign bond rating after bailout

Credit ratings agency Moody's on Friday raised Greece's long-term issuer rating to "Caa2" from "Caa3" after eurozone governments extended a credit lifeline to the country. ...

GM reaches settlement over faulty ignition switches

US auto giant General Motors has reached a settlement with hundreds of car owners in a lawsuit over faulty ignition switches linked to 100 deaths, ...

Jury awards $218 mn to farmers in Syngenta GMO corn lawsuit

A US federal jury on Friday ordered Swiss agribusiness giant Syngenta to pay nearly $218 million to 7,000 Kansas farmers after selling them genetically-modified corn ...

Tourism has become Barcelona locals' main concern: poll

Tourism has become the main issue of concern for Barcelona's residents ahead of unemployment, according to a survey published Friday by the city hall of ...

Putin launches deep-water phase of TurkStream gas pipeline

Russian President Vladimir Putin on Friday launched the deep-water phase of the TurkStream gas pipeline project, calling Turkey's Recep Tayyip Erdogan from a ship off ...

US new home prices hit record in May

Sales of new homes in the United States picked up in May, as prices surged to the highest levels on record, the Commerce Department reported ...

UK nuclear plant to cost consumers 'billions more'

A highly controversial UK government deal for the new Hinkley Point nuclear power plant will cost British energy consumers billions more pounds than forecast, the ...

Dutch invent phone app to stop kids texting on bikes

In the bike-mad Netherlands, the national phone company is developing a smart way to stop kids texting while cycling -- a growing cause of teenage ...

France to ban oil and gas exploration

France is to stop granting new licences for oil and gas exploration on the mainland and in overseas territories, Environment Minister Nicolas Hulot said Friday. ...

Irish government hails flotation of bailed-out AIB bank

Ireland's government on Friday hailed a "significant milestone" as it part-listed Allied Irish Banks, six-and-a-half years after rescuing the lender with billions of euros of ...

Eurozone business activity slows in June: Markit survey

Eurozone private sector business activity slowed sharply in June but was still running at more than six-year highs, a closely watched survey showed Friday. Analysts ...

Toshiba delays results again citing US nuclear unit

Toshiba delayed the release of its long-overdue earnings again Friday, with the troubled conglomerate saying it needed more time to finish accounting work at its ...

Airbag giant Takata soars after volatile week for troubled firm

Shares in embattled airbag maker Takata soared more than 40 percent on Friday, after collapsing over the past week on bets that the crisis-hit firm ...

Macron stumbles at EU summit over Chinese investments

EU leaders on Friday poured cold water on a proposal by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in ...

US halts Brazil beef imports after failed safety tests

The United States announced Thursday a halt to all imports of fresh beef from Brazil, the world's second-largest producer, citing "recurring" concerns after large shipments ...

European equities dip as oil steadies

Europe's main stock markets retreated Friday following mixed economic data, while oil prices stabilized and the tech-rich Nasdaq advanced on Wall Street. Bourses in both ...

US halts Brazil beef imports, citing food safety concerns

The United States announced on Thursday a halt to all imports of fresh beef from Brazil, the world's second-largest producer, citing "recurring" food safety concerns. ...

Tesla looking at entering music streaming

Electric carmaker Tesla said Thursday it was considering ways to enter music streaming amid a report it may launch a unique new service. The high-end ...

Major US banks would withstand recession: US Fed

The largest US banks would withstand a severe recession and still be able to lend to American households and businesses, the Federal Reserve announced Thursday. ...

US aluminum makers point finger at China, call for tariffs

Chinese overproduction is sending the US aluminum industry into near collapse, endangering supplies of materials critical to American defense and national security, manufacturers told a ...

Tesla eyes manufacturing in China

Tesla said Thursday it was considering the possibility of manufacturing in China as it ramps up for expansion of its line of electric-powered cars. The ...

EU leaders urge Internet giants to fight online extremism

EU leaders on Thursday urged Internet firms to do their utmost to combat online extremism promoting attacks or face the possibility of legislation if the ...

US Democrats press Deutsche Bank for answers on Trump accounts

Democrats in the US Congress on Thursday blasted Deutsche Bank for refusing to hand over information on its business ties to President Donald Trump. The ...

China orders halt to video streaming on major websites

China's media oversight body announced Thursday that it has ordered three prominent Internet companies to terminate their video and audio streaming services. The State Administration ...

France's Altice USA surges in New York market debut

Altice USA shares rallied Thursday in their New York market debut after the telecom group controlled by French billionaire Patrick Drahi raised some $1.9 billion ...

Sears Canada files for creditor protection

Sears Canada filed for court protection from creditors Thursday as the onetime retail giant seeks to adapt to a changed business landscape and tougher online ...

India expands bad debt taskforce

India's central bank on Thursday drafted more top bankers onto a special panel that will decide which companies owing more than $125 billion of crippling ...

Bubbling Chinese market centre-stage at world wine fest

With a middle-class increasingly thirsty for reds, whites and Italian bubbly, China is the hot ticket for wine traders looking for opportunities at this year's ...

Tyre giant Michelin to cut nearly 2,000 jobs worldwide

Tyre giant Michelin is to cut nearly 2,000 jobs worldwide by 2021 as part of a reorganisation, the company announced Thursday, saying there would be ...

Qatar Airways seeks up to 10% stake in American Airlines

Qatar Airways, its Middle Eastern business pressured by a diplomatic row with neighbors, is seeking as much as a 10 percent stake in American Airlines, ...

Boeing wins order dogfight at Paris Air Show

Boeing outpaced its rival Airbus in terms of new orders at this year's Paris Air Show thanks to its new 737 MAX 10 airliner, taking ...

Wanda shares suspended after rumours trigger drop

Shares in a film unit of Chinese conglomerate Dalian Wanda Group were suspended from trading in Shenzhen after a dramatic fall on Thursday following rumours ...

Iranian carriers agree to buy Airbus planes

Iranian carriers Iran Airtour and Zagros Airlines have agreed to buy a combined 73 planes from Airbus, the European aircraft maker said on Thursday at ...

Iran begins sending gas to Iraq under major deal

Iran has begun exporting gas through a pipeline to Baghdad under a deal set to make Iraq the Islamic republic's top customer, the oil ministry ...

Tycoon backs charges against ousted S. Korea president

A top South Korean business tycoon on Thursday in court backed prosecutors allegations that the ousted South Korean president Park Geun-Hye solicited bribes from businesses ...

Taiwan's Foxconn says Toshiba deal 'not over'

The head of Taiwan's tech giant Foxconn said Thursday its pursuit of Toshiba "is not yet over", a day after the Japanese firm announced it ...

Oil barrels higher, but equities can't gain traction

Oil prices rebounded on Thursday, coming off 10-month lows, but the increase did not give much boost to global equity markets. Stock markets in Paris ...

Troubled airbag maker Takata plummets on bankruptcy fears

Takata suffered another crushing collapse on Thursday, plummeting more than 50 percent on fears the troubled airbag maker at the centre of the auto industry's ...

US could ease some post-crisis regulation: Fed governor

The US Federal Reserve is open to easing some banking regulations put in place after the 2008 financial crisis, including stress tests and the so-called ...

Jackie Kennedy watch fetches nearly $380K in New York

An engraved gold Cartier watch given to Jacqueline Kennedy and a reciprocal thank-you painting from the former first lady sold for $379,500 at auction in ...

Oil, gas giants could waste trillions in a 2C world: report

Thirty percent of investments planned by oil and gas majors over the next decade could be wasted if the world economy retools to cap global ...

Croatian taxi drivers protest against Uber

Hundreds of Croatian taxi drivers blocked traffic Wednesday in the capital Zagreb to protest against the controversial ride-hailing app Uber they consider to be unfair ...

Diageo buys George Clooney's tequila Casamigos for $1bn

Diageo, the British maker of alcoholic drinks, said Wednesday it had agreed to buy Casamigos, an upscale tequila brand co-founded by Hollywood star George Clooney, ...

May serves up Brexit menu with added humble pie

A month before Britain's general election, Theresa May was in combative mood as she warned that a hung parliament would yield a bad Brexit and ...

Tesco supermarket to axe 1,100 UK jobs

Britain's biggest retailer, supermarket giant Tesco, said Wednesday it plans to cut 1,100 jobs with the closure of a call centre in the Welsh capital ...

Airbus and Boeing eye lucrative maintenance market

Airbus and Boeing wheeled out the usual round of order announcements at the Paris Air Show on Wednesday, but alongside the big ticket purchases, the ...

Intel becomes top Olympic partner after McDonald's split

Just days after splitting with long-term partner McDonald's, the International Olympic Committee (IOC) said Wednesday it had signed a deal with technology giant Intel. "Intel ...

Norway offers oil firms record number of Arctic blocks

Norway on Wednesday proposed to open up a record number of blocks in the Barents Sea to oil exploration despite protests from environmentalists and others ...

US existing home sales rebound in May as prices rise

Sales of existing homes rebounded in May after April's surprise dip, and prices edged higher, according to industry figures released Wednesday. The National Association of ...

EU vows crackdown on aggressive tax planners

European tax planners who help rich clients, including sports stars, evade the tax man will risk hefty fines, according to EU plans unveiled on Wednesday. ...

Ramadan earns prime spot on Gulf fashion calendar

From Dolce & Gabbana to Michael Kors, major brands are catering to lucrative Gulf markets during the Muslim holy month of Ramadan, which is earning ...

Saudi stock market up after new heir named

The Saudi stock market was up four percent Wednesday on news that King Salman had named his powerful son as heir and that the exchange ...

Kalanick, Uber's disruptive driving force

Travis Kalanick was the driving force behind Uber, taking a spur-of-moment idea and turning it into the world's most valuable venture-funded tech startup. But Kalanick's ...

Apple opens new round in battle with Qualcomm

Apple has expanded its legal battle against Qualcomm, accusing the US chip maker of charging for invalid patents in the latest twist in the clash ...

Honda halts production at Japan plant after cyber attacks

Honda said Wednesday it had temporarily halted production at a plant in Japan after it suffered a cyberattack from the same ransomware that struck hundreds ...

Under pressure, Uber founder Kalanick leaves the helm

Uber's embattled chief executive Travis Kalanick has resigned, yielding to pressure from investors seeking to clean up a toxic corporate culture at the fast-growing ridesharing ...

Uber says embattled CEO Kalanick stepping down

Uber said Wednesday its embattled chief executive Travis Kalanick has agreed to step down from his job. Kalanick had already been on a leave of ...

Embattled Uber CEO Kalanick steps down: NYT

Uber chief executive Travis Kalanick has stepped down from his job after a shareholder revolt made it untenable for him to stay, the New York ...

Airbag maker Takata dives 25% on bankruptcy fears

Takata shares plunged again Wednesday, losing almost half of their value in just three days of trading on reports the troubled Japanese airbag maker will ...

10 years after US housing crash, remnants accompany recovery

Boarded-up homes became a ubiquitous symbol of the US housing crash, with once-prosperous neighborhoods left to decay as mortgage defaults soared and no new buyers ...

News Providers