Business
Greece moves to quell loan default fears and pledges to meet ‘all obligations’
Greek Finance Minister Yanis Varoufakis has said that Greece “intends to meet all obligations to all its creditors, ad infinitum,” seeking...
Greece sends updated reforms, pledges to pay IMF on time
Greece sent an updated list of reforms to lenders on Wednesday to try to unlock financial aid and avoid a default but euro zone officials said more work...
Hard money, soft standards? Tough questions for China’s new bank
China scored a diplomatic coup by enticing almost 50 countries including key US allies to join its new development bank, but analysts say authoritarian...
Uber gets fast and furious in Singapore, offering rides in Maseratis and Lamborghinis
Uber has ‘souped up’ its fleet in Singapore with chauffeured Lamborginis and Maseratis as part of its new ‘supercar’ offering.
Gas stations in the sky: Mid-air refueling could save tons of fuel
Granted, the idea is far-fetched — and even researchers studying the possibility admitted such — but, in theory, the idea is an interesting...
Experts: Sex bias case will embolden women despite verdict
A long legal battle over accusations that a prominent Silicon Valley venture capital firm demeaned women and held them to a different standard than their...
Look it up: Google to pay new finance chief around £46m in a bid to cut costs
Google Inc have agreed to pay new Chief Financial Officer Ruth Porat more than £46m after she takes the post in May, putting her among the highest-paid...
Google is paying its new CFO $70 million in bonuses and grants
Google will be paying its new CFO, former Morgan Stanley CFO Ruth Porat, a salary of $650,000, with a one-time signing bonus of $5 million, according to...
Brazil uncovers multibillion-dollar tax fraud at Finance Ministry
Brazilian authorities on Thursday said they uncovered a tax fraud scheme at the Finance Ministry’s tax appeals board that may have cost taxpayers...
London taxi makers to create 1,000 new jobs as part of £600m investment
The manufacturer of the iconic London taxi is to build a new £250m factory in Coventry, creating 1,000 jobs. The news was announced hours after...
Jaguar Land Rover to invest £600m into building and developing cars in Britain
Indian-owned luxury car manufacturer Jaguar Land Rover will plough £600 million into advanced car manufacturing in Britain.
Jaguar Land Rover invests $894m in Britain
Indian-owned luxury car manufacturer Jaguar Land Rover announced a £600 million ($894 million, 814 million euros) investment in advanced car manufacturing...
Heinz and Kraft to merge into $40B company
H.J. Heinz Co. is buying Kraft Foods Group Inc., creating what the companies say will be the third-largest food and beverage company in North America. The...
Google names finance chief to replace Pichette
Google on Tuesday named as its new chief financial officer Ruth Porat, who will move from a similar position at the investment banking giant Morgan Stanley.
Tsipras, Merkel display goodwill, little sign of debt progress
Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel sought Monday to reboot an increasingly sour relationship, saying they are looking...
Uber ties up with Times Internet for India expansion
Uber Technologies Inc, the online ride-hailing company, has entered into a “strategic partnership” with Times Internet, as it looks to expand...
'Economic emergence': the potential of fair African development
Afro-pessimism is giving way to optimism, according to attendees at this week’s International Conference on the Emergence of Africa.
Amazon gets green light to test delivery drones outdoors
Amazon has won approval from U.S. federal regulators to test a delivery drone outdoors. The Federal Aviation Administration has issued an experimental...
For Hong Kong, a chill sets in as rich China tourists shop elsewhere
Chinese tourists are rapidly deserting Hong Kong, leaving retailers who built businesses around once insatiable demand from mainland neighbors with emptier...
Will that be all, sir? Butler business booms in China
Hands sheathed in white gloves, Alvin Hu’s dream of serving as butler to China’s growing ranks of super-rich faced an unlikely challenge: a...
Frankfurt on fire: 500 in custody as #Blockupy rally turns violent
Thousands of anti-capitalist protesters clashed with riot police near the new headquarters of the European Central Bank (ECB) in Frankfurt on Wednesday...
Apple broadcast TV? It could come this year
Apple’s much-hinted-at TV service may soon become a reality. The iPhone maker is in talks with programmers to offer a slimmed-down bundle of TV networks...
Oil prices are on the way down again; will gasoline prices follow?
The price of oil is tumbling again, rattling an already-shaken oil industry and heralding lower prices for consumers.
Bulletproof Bloodhound: The supersonic car with a top speed of 1000mph
A supersonic car which could set a new land speed record of up to 1,000mph has had to be given a bulletproof coating. Any flying debris from one of...
I’ll drink to that: Coke CEO gets £12m after company fails to meet targets
Coca-Cola CEO Muhtar Kent was given a pay package worth £12.2 million last year even after the world’s biggest beverage company failed to meet...
Coke CEO gets $18.1M after company fails to meet targets
Coca-Cola CEO Muhtar Kent was given a pay package worth $18.1 million last year after the world’s biggest beverage company failed to meet its own...
Alibaba plows $200 million into Snapchat in latest deal
Alibaba Group Holding Ltd., the Chinese e-commerce giant, has struck its latest Silicon Valley deal by investing $200 million in the photo-messaging app...
Alibaba ready to plough £135m into Snapchat in latest startup deal
Alibaba Group Holding Ltd is investing £135 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon...
Alibaba ploughs $200 million into Snapchat in latest startup deal
Alibaba Group Holding Ltd is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon...
South Korea flight attendant sues over ‘nut rage’
A flight attendant who was harassed by a former Korean Air Lines vice president in what became known as the nut rage case filed a civil lawsuit against...
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