Business

Dislike: Facebook revenue growth fails to impress investors
Facebook shares fell after-hours in New York on Wednesday night after a 46% jump in quarterly revenue to $3.54bn failed to impress investors. The...
All-day breakfast and table service… the future for McDonald’s?
The future of McDonald’s may be determined in two weeks. That’s because new CEO Steve Easterbrook says the world’s biggest fast-food...
With turnaround plan in the works, will McDonald’s fate be decided May 4?
The future of McDonald’s may be determined in two weeks. That’s because new CEO Steve Easterbrook says the world’s biggest fast-food...
EU charges Russia’s Gazprom, alleging price gouging
The European Union launched a legal attack on Gazprom on Wednesday, stoking tension with Moscow as it accused the Russian gas giant of overcharging buyers...
Cheque this out: 62% of the world’s population now has a bank account
Today 62% of the world’s population has a bank account, that’s up from 51% in 2011. Still, there are around two billion people in the...
London trader arrested for alleged role in $1T ‘flash crash’ on Wall Street
Prosecutors have charged Navinder Singh Sarao, a London-based trader, with orchestrating an elaborate scheme to manipulate the market for E-Mini S&P...
London trader arrested for alleged role in $1 trillion Wall Street tumble
A high-frequency trader has been arrested in London over his alleged role in the May 2010 “flash crash” that briefly wiped out nearly $1 trillion...
Brazil: As Petrobras scandal spreads economic toll mounts
Consider this a litmus test of the new Brazil — a way for the world to understand whether or not this emerging market can truly recover from corporate...
A trader faces charges in connection with the 2010 ‘Flash Crash’
Navinder Singh Sarao, 37, of west London is accused of using an automated trading program to manipulate the market for certain futures contracts in a scheme...
EU to charge Russia’s Gazprom with market abuse
The European Union will launch a legal attack on Russian gas giant Gazprom (GAZP.MM) this week, ramping up tensions with Moscow, when antitrust agents...
China’s premier auto show opens amid growth slowdown
Global car makers show off hundreds of vehicles in China’s commercial hub Shanghai on Monday, as the world’s biggest auto market continues...
China’s Xi to launch economic corridor link in Pakistan
Chinese president Xi Jinping is due in Pakistan on Monday where he will launch $46 billion in projects linking the old allies, a figure that far exceeds...
Emirates picks Rolls-Royce to provide 50 superjumbo engines in $9.2bn deal
Rolls-Royce has won a $9.21bn order, a record for the company, from Emirates for engines to power 50 Airbus A380 superjumbos. Rolls-Royce said its...
How mobile banking can bring Sub-Saharan Africa out of poverty
Today 62% of the world’s population has a bank account, that’s up from 51% in 2011. Still, there are around two billion people in the...
Paris attacks and Channel Tunnel fire hit Eurostar travel numbers
Eurostar has reported passenger numbers have been hit in the wake of the terrorist attacks in Paris in January. The cross-Channel rail service said...
Fat cat pay: CEO’s gigantic paycut to $70K is all about employee happiness
When Dan Price, the CEO of Seattle-based Gravity Payments decided to cut his annual salary of about $1 million to $70,000, while promising to pay each...
U.S. CEO to cut his pay so every employee earns $70,000
A Seattle CEO who announced that he’s giving himself a drastic pay cut to help cover the cost of big raises for his employees didn’t just make...
More people worldwide are opening bank accounts
Africans using cellphones, older Chinese, and Indians getting a push from their government have fueled an unprecedented surge of people opening their first...
EU: Google search tactics hurt consumers, competitors and innovation
Drawing upon a nearly five-year probe, EU regulators filed a complaint alleging that Google has been improperly favouring its own shopping comparison service...
Google criticizes EU antitrust charges as ‘wide of the mark’
Google has dismissed European Union charges that it abused its dominant position as Europe’s most-used search engine, downplaying its role as gatekeeper...
EU to file antitrust, abuse charges against Google: Reports
The European Union will accuse Google on Wednesday of abusing its dominant position in Internet searches in Europe, stepping up its high profile five-year...
EU to file antitrust charges against Google: Reports
The European Union will accuse Google on Wednesday of abusing its dominant position in Internet searches in Europe, stepping up its high profile five-year...
Cronut domination: Sweet treat to go worldwide
Dominique Ansel, whose Cronut hybrid of a doughnut and croissant caused a food sensation two years ago, is expanding on his success with new shops in New...
Putin lifts ban on sending missiles to Iran
Russia’s decision to lift a ban on the delivery of an air-defence missile system to Iran amid nuclear negotiations drew objections from the U.S.
Backlogged orders as shoppers get close-up look at Apple Watch
Customers preordering Apple Inc’s smartwatch on Friday will have to wait at least a month for delivery, a sign of strong early demand for company...
Black gold: ‘100 billion barrels of oil’ discovered beneath Gatwick Airport
The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels. UK Oil & Gas Investments (UKOG) said the Horse...
‘100 billion barrels of oil’ discovered beneath Gatwick Airport
The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels. UK Oil & Gas Investments (UKOG) said the Horse...
Super merger: Royal Dutch Shell buys British gas company for $70bn
Royal Dutch Shell has reached an agreement to buy British Gas in a deal valued at £47 billion (US$70bn).
FedEx to buy TNT Express for $4.8bn to expand Europe deliveries
Package delivery company FedEx Corp will buy Dutch logistics company TNT Express to expand package deliveries in Europe.
Better-than-expected profits, but still a 30 per cent slump for Samsung
Samsung Electronics on Tuesday flagged better-than-expected profits for the first quarter, with rising demand for memory chips helping offset slumping...

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