Business
ECB to pump $1.2tn into eurozone in bid to prevent economic meltdown
The European Central Bank (ECB) confirmed a €1.1tn ($1.26tn) quantitative easing (QE) programme on Thursday, aimed at halting the eurozone’s slide...
iPhone 6 hands Apple record share of Samsung’s home market
Apple Inc is chipping away at Samsung Electronics Co Ltd’s dominant position in its home turf of South Korea, thanks to its new iPhone 6 series.
Dongle hackers ‘could take control of car brakes’ of insurance customers
Hackers could take control of vehicles after a bluetooth dongle used by insurance companies to track drivers’ habits was compromised, it has been...
Chastened Uber CEO seeks fresh start in Europe, promising 50,000 jobs
The chief executive of controversial online ride-sharing company Uber stuck a newly conciliatory tone on Sunday, promising to create 50,000 new jobs this...
Tech workers polish up CVs as Facebook gears up for hiring spree
Fuelled by virtual reality goggles, drones and data centres, Facebook is set to increase employee numbers by up to 14% this year.
China growth hit 24-year low in 2014: AFP survey
China’s annual GDP growth slowed to its weakest rate in more than two decades in 2014, according to an AFP survey, projecting further deceleration...
Target to close 133 stores and cut 17,000 employees across Canada
Target Corp. will abandon its expansion into Canada just less than two years after its launch, the U.S.
In the red: Caesars files for bankruptcy with debts of $18bn
A subsidiary of U.S. casino firm Caesars has filed for bankruptcy protection with debts of $18.4bn.
Elon Musk tells Detroit: Tesla exists because you wouldn’t build good EVs
To an audience full of auto-industry executives in Detroit, Tesla Motors co-founder and CEO Elon Musk made a few bold statements on Tuesday: Tesla is growing,...
Iran and Venezuela vow to ‘neutralise’ oil price problem
Iran’s President Hassan Rouhani, flanked by Venezuelan counterpart Nicolas Maduro, vowed Saturday to “neutralise” the threat posed to...
Rise of Uber app takes a huge bite out of the New York taxi trade
The value of a taxi operating licence in New York has fallen by $200,000 in a single year amid the rise of on-demand car ride apps like Uber.
Korean Air ‘nut rage’ exec charged with violating aviation law
The former Korean Air Lines executive who achieved worldwide notoriety by kicking a crew member off a flight over a bag of nuts faces up to 15 years in...
Rain Man was right: Qantas named the world’s safest airline
Qantas has been named the world’s safest airline, after a year when fatal air accidents soared above the 10-year average.
Shell to pay out $83 million to settle Nigeria oil spill claims
Royal Dutch Shell will pay out $83.4 million in compensation for two oil spills in Nigeria in 2008 after agreeing a settlement with the affected community.
Oil drama continues to rock markets in Asia but Europe and U.S. rally
European stock markets mostly rose Tuesday as investors snapped up bargains after the previous day’s slump but London was lower following poorly-received...
Sony CEO breaks silence on ‘The Interview’ hack, praises employees
Sony Corp Chief Executive Officer Kazuo Hirai on Monday praised employees and partners of the company’s Hollywood movie studio for standing up to...
Toyota to give away fuel-cell patents to boost industry
Toyota will give away thousands of patents for its fuel-cell cars, it said Tuesday, in an effort to encourage other automakers into the new industry.
Oil price hits five-year low as fears grow over supply and demand
Global oil prices plunged on Monday to a new five-year low as traders fretted over gloomy data, demand worries and surplus supplies.
Lost that ‘lovin’ feeling? McDonald’s is trying to get you back
McDonald’s wants to bring back that loving feeling. As the world’s biggest hamburger chain fights to hold onto customers, the company on Friday...
Class action lawsuit accuses Apple of storage sleight of hand
Apple on Friday faced a lawsuit accusing it of promising more available storage space than it actually delivers in iPhones, iPads, and iPod touch devices.
Euro sinks to nearly 5-year low after Draghi hints at stimulus
The euro slid to a 4-1/2 year dollar low Friday after European Central Bank President Mario Draghi indicated the bank could soon back a government bond-buying...
AirAsia boss applies deft touch in plane crash response
AirAsia’s handling of the disaster has drawn favorable comparisons with the bungled communications by Malaysia Airlines after Flight 370 disappeared...
You’re fired: 10,000 people apply for job to have paintballs shot at them
An unusual job advert for someone to have paintballs shot at them to test their impact has attracted more than 10,000 applications from across the world.
Whose honour? Economist Thomas Piketty rejects France’s highest award
France’s influential economist Thomas Piketty, author of “Capital in the 21st Century,” on Thursday refused to accept the nation’s...
Behind the scenes at Sony as hacking crisis unfolded
The day after Sony Pictures employees discovered that company email was unusable following a cyberattack, senior executives came up with an old-style communication...
Venezuelan economic crisis forces closure of famous ice cream shop
An ice-cream store listed in the Guinness World Records book for its 863 different flavours has become the latest victim of Venezuela’s economic...
Japan approves $29 bn stimulus package
The cabinet of Japanese Prime Minister Shinzo Abe approved a fresh stimulus package worth US$29 billion Saturday in a bid to boost the economy, hit hard...
India working to fix e-commerce payments post-Uber case
The Governor of India’s Reserve Bank has accused U.S. taxi-hailing company Uber Technologies of violating Indian regulations by “bypassing”...
Citigroup selling its Japan retail bank business
Citigroup said on Thursday it was selling its century-old Japanese retail banking operations to major lender Sumitomo Mitsui as part of an effort to shrink...
Court battle looms for Facebook after scanning ‘likes’ for advertising
Facebook Inc will face a class action lawsuit accusing it of violating its users’ privacy by scanning the content of messages they send to other...
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