Business
India asks Pepsi to cut down sugar content in soft drinks
India has asked U.S. soft drinks giant PepsiCo to reduce the sugar content of its sodas as the country battles growing levels of obesity and diabetes.
As tourism numbers rise, U.S. eager to cater to Chinese visitors
From the mall’s shops to tourist spots that offer maps and brochures in Mandarin to hotels serving congee, or rice porridge, for breakfast, businesses...
Burger King faces U.S. backlash over switching its tax base to Canada
Burger King’s decision to move its tax base from the U.S. to Canada has resulted in boycott threats from angry U.S.
Didn’t even Twitch: Amazon snaps up live video startup for $970 million
Amazon.com Inc. has snapped up live-streaming gaming network Twitch Interactive for about US$970 million in cash, reflecting CEO Jeff Bezos’ resolve...
Turkish freeze: How bad weather could create a shortage of Nutella
Fans of chocolate spread Nutella or the hazelnut-filled Ferrero Rocher could soon be facing rising bills for their nutty treats because of poor weather...
In era of acceptance, gay bathhouses in the U.S. face uncertain future
Gone are the days when bathhouses drew crowds just by offering a discreet place for gays to meet, share saunas and, often, have sex.
Google buys product design firm Gecko
Google Inc. said Friday that it acquired mechanical engineering and product-design company Gecko Design Inc.
Man’s world: Women venture capitalists underperforming men, says Harvard
Women venture capitalists underperform their male counterparts by some 15 per cent, according to a new Harvard University study, but the performance differences...
Bank of America agrees to record $17bn settlement over ‘toxic mortgages’
Bank of America has agreed to a record nearly US$17 billion deal with U.S. authorities to settle claims it sold risky mortgage securities as safe investments...
Baby blues: China’s birth boom wagers go bust as reality sinks in
Nine months after stock-market wagers on a baby boom in China reached record levels, the bets have turned into some of the nation’s biggest losers...
Drop in beer sales hurts Carlsberg as Russian sanctions bite
Carlsberg has issued a profit warning after sanctions against Moscow hit its vast Russian lager market.
Airlines warned of ash cloud risk as Icelandic volcano threatens to erupt
Thousands of earthquakes have been recorded in Iceland in recent days, amid concerns one of the country’s volcanoes could erupt and cause travel...
McDonald’s confronts its junk food image
A Kung Pao chicken appetizer was made with Chicken McNuggets doused in sweet and sour sauce, and garnished with parsley.
Across Asia’s borders, labor activists team up to press wage claims
Negotiations over pay and working conditions have typically remained within national borders, but activists are now bringing more muscle to the table and...
Why this widely unheralded bank bailout proves taxpayers are still at risk
South Africa’s decision to rescue a small lender last week—a bank neither “too big” nor “too interconnected” to fail—shows...
Al Gore sues Al Jazeera America for $500 million
Former Vice President Al Gore is suing Al Jazeera America, saying the news network is withholding tens of millions of dollars that it owes for buying Current...
Rare Ferrari becomes world’s most expensive car after selling for $38m
A Ferrari considered to be one of the greatest models ever built has sold at auction for a record £22.84m ($38.3m).
The sharing economy’s next prey? Retail
Millennials’ tendency to rent instead of buy is turning the retail industry upside down.
Eurozone recovery hits the buffers as Germany’s economy shrinks
The eurozone recovery ground to a halt in the second quarter after German output shrank and France flatlined, official data showed today.
Steve Jobs’ estate sued by Apple shareholder over ‘unlawful’ hiring deals
The estate of Apple founder Steve Jobs is being sued by one of the company’s shareholders.
Cisco to cut another 6,000 jobs as forecast falls flat
Cisco Systems Inc forecast tepid current-quarter results and said it plans to cut another 6,000 jobs as the network equipment-maker works through a transition...
Candy Crushed? King Entertainment shares plunge after fall in profits
King Digital Entertainment, maker of the popular mobile game Candy Crush Saga, has seen its shares tumble 22 per cent on the New York Stock Exchange.
Philip Morris prepared to sue UK over plain cigarette packaging
Philip Morris International, the world’s largest tobacco company, is prepared to sue the British government if it implements a law requiring plain...
Yo app: Gimmick or revolutionary potential
Many great technology companies started out looking hopelessly limited to their many naysayers.
BuzzFeed raises $50 million, creates motion picture division
The social news group BuzzFeed unveiled a major new expansion plan, using a fresh infusion of $50 million in venture capital.
OMG, win! BuzzFeed gets $50 million in capital investment
More money is rolling in for BuzzFeed, the news and listicle site that’s been a viral hit shortly since the site launched in 2006.
Bigger than a prison cell: Hong Kong opens housing market with micro-flats
Real estate developers in Hong Kong, already home to one of the most expensive housing markets in the world, are coming up with a new way to encourage...
Russia says ID now required to use public wi-fi, causing massive confusion
Anyone using public Wi-Fi in Russia will have to register with personal identification, in line with an order signed by prime minister Dmitry Medvedev...
Troubled Malaysia Airlines on verge of being de-listed from stock market
The Malaysian government’s investment arm, Khazanah Nasional, will offer shareholders 8 cents for each share in Malaysia Airlines (MAS) to take the...
China steps up anti-trust duel with West, probes auto and tech companies
Chinese regulators have launched a series of anti-monopoly investigations of global automakers and technology providers, stepping up pressure on foreign...
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