Business
Taxi firm Uber ‘truly sorry’ for hiking fares in Sydney during hostage siege
Popular web-based taxi-booking firm Uber has apologised for hiking prices during the cafe siege in Sydney last week.
French feel economy pain as unemployment reaches new high
Unemployment in France hit a new record in November, with official statistics published Wednesday showing 3.488 million people claiming jobless benefits.
Uber seeking patent on surge pricing
Ride sharing service Uber is seeking a patent for its “surge pricing,” in which riders are sometimes charged exorbitant amounts at times of...
$532m bailout for Russian bank endorsed by Bruce Willis as rouble plummets
Russia’s central bank announced a bailout of the troubled Trust Bank on Monday - the first such rescue in the country’s currency crisis.
In the dogfight over posh airline food, the sky’s the limit
From Michelin-star food to vintage champagne, airlines are pulling out all the stops to cater to their top-tier passengers’ tastes, as they seek...
Why the Sony hack isn’t big news in Japan
While American journalists have extensively covered the fallout from the unprecedented Sony hacking attack, it hasn’t exactly been massive news in...
Abu Dhabi’s Etihad gets its superjumbo jet, complete with ‘suite in the sky’
Abu Dhabi’s national carrier, Etihad, showcased on Thursday the arrival of its first Airbus A380, outfitted with “the only three-room suite...
Cosmetics firm Avon agrees to pay £87m to settle China bribery case
Avon Products, the world’s best-known direct seller of cosmetics, is to pay £87m to settle U.S.
Apple halts online sales in Russia as value of rouble plunges 15% in 48 hours
Apple has halted online sales in Russia as consumers scramble to buy big-ticket items amid steep falls in the value of the rouble.
No supersizing: McDonald’s Japan rations fries amid supply crunch
Potato shortages are putting McDonald’s customers in Japan on an unsolicited diet.
Fast-growing Chinese phonemaker Xiaomi hits speed bumps
Chinese low-end phone champion Xiaomi has made quite a splash this year. Concentrating on its home market and a few others (India, especially), it has...
Niche scents causing a stink for big business perfumers
The mammoth success of the global US$26-billion fragrance industry may be its undoing.
Gold set for biggest weekly rise in six months as stocks, dollar slip
Gold had its biggest weekly rise in two months as the dollar retreated and oil prices slid last week.
Facebook stops using Microsoft’s Bing search results
Facebook has stopped including results from Microsoft’s Bing search engine on its social networking site as the company has revamped its own search...
Alibaba’s Jack Ma is now the richest person in Asia
Jack Ma has become the richest person in Asia. The 50-year-old founder of Alibaba Group, China’s biggest e-commerce company, passed Li Ka-shing,...
Tripling Internet access would do more good than tackling HIV: Study
Economists commissioned by think-tank Copenhagen Consensus Centre calculated that tripling access to mobile broadband networks in developing countries...
All the rage a year ago, bitcoin sputters
After skyrocketing to more than a thousand dollars in price late last year and attracting global attention, bitcoin has stalled. The currency’s...
Russia raises interest rates as sanctions and falling oil prices take hold
The Bank of Russia increased its key interest rate to 10.5% on Thursday, to help spur the economy amid sanctions and sliding oil prices.
Google News shutting down in Spain over ‘Google Tax’ on story links
Google is closing down its Google News service in Spain to prevent content from Spanish publishers from appearing on it ahead of a law due to go into effect.
Now California sues Uber over ‘misleading’ driver background checks
California prosecutors have sued Uber over the company’s background checks of drivers and other allegations.
Sign of the times: Abu Dhabi buys New Scotland Yard
New Scotland Yard, the headquarters of London’s storied police force and one of the British capital’s most famous landmarks, has been sold...
BP to speed up job cuts around the world as oil prices plummet
BP has said the falling price of oil means it’s speeding up job cuts in the UK and abroad.
Five ex-Madoff aides face up to 20 years in prison
Five former employees of Bernard Madoff, convicted in March of helping the fund manager bilk investors of billions of dollars in his massive Ponzi scheme,...
Black year for olive oil: Devastated crops to result in sky high prices
Disastrous olive harvests in much of southern Europe have sent wholesale prices shooting up, meaning consumers around the world will be paying substantially...
Belgium wants to be defined by its chips (or French fries)
There’s one thing that unites Belgians, who have long been divided on linguistic lines, and Belgium wants to hold on to it.
'Invalid' iPods threaten to derail billion-dollar lawsuit against Apple
A billion-dollar U.S. lawsuit may be in jeopardy because of out of date Ipods. Apple lawyers have raised an 11th-hour challenge that could derail the long-running...
$4bn Qatari/Canadian bid for Canary Wharf rejected by owners
A bid by Qatar’s sovereign wealth fund and a Canadian partner to buy the firm behind London’s Canary Wharf, has been rejected.
Uber raises $1.2 billion at a $40 billion valuation
Uber said it raised $1.2 billion in its latest funding round and had additional capacity remaining for strategic investments, valuing the U.S.
US auctions off 50,000 bitcoins worth $18.6m after Silk Road closure
U.S. Marshals began auctioning off 50,000 bitcoins on Thursday, the ones seized during the prosecution of the alleged owner of Silk Road, an Internet black-market...
Microsoft shareholders approve $84 million CEO pay
Microsoft shareholders have approved an $84 million pay package for new CEO Satya Nadella, despite concerns raised by an investor advisory group.
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