Business
Tough start: Inflation strains mount for India’s new government
New Indian Prime Minister Narendra Modi’s promises to revive the economy face a gathering threat from inflation, which is creeping up again due to...
Who’s the best paid CEO in Japan? The answer may surprise you
Nissan Motor Co. chief executive officer Carlos Ghosn earned more than US$10 million last year, putting him on track to become the best-paid Japan executive...
Ni hao, y’all: In reversal, U.S. hinterlands woo Chinese firms
After decades of siphoning jobs from the United States, Chinese companies invested a record $14 billion in the United States last year.
ASOS back in business after ‘arson’ attack
Online clothing retailer ASOS was back up and running early on Monday after being forced to suspend sales following a suspected arson attack at its distribution...
Auto industry struggles to solve air bag explosions despite mass recalls
More than a million Honda Motor Co. Ltd. vehicles could be subject to an upcoming recall for Takata air bags that are at risk of exploding and shooting...
Nestle to cut out middleman in quest for quality suppliers
Swiss food giant Nestle is looking to cut out traders and boost its direct commodity purchases to ensure it keeps a tight grip on quality and supply chains.
Nigerian fishermen reject Shell’s offer of $50 million for spills
Thousands of Nigerian fishermen have rejected an offer of $51 million from Royal Dutch Shell for “some of the largest oil spills in history,”...
In support of Palestine, US Presbyterians vote to divest from three firms
A leading Christian church in the United States has endorsed a policy of divestment to protest Israel’s policies towards Palestinians, deciding to...
Taiwan’s Quanta to start mass production of Apple’s smartwatch in July: Source
Taiwan’s Quanta Computer Inc will start mass production of Apple Inc’s first smartwatch in July, a source familiar with the matter said.
American Apparel founder fired after investigation into alleged misconduct
Clothing and accessories retailer American Apparel Inc. ousted its controversial founder Dov Charney as chairman effective immediately and moved to fire...
China’s $575bn sovereign wealth fund makes losses on management failures
China’s National Audit Office (NAO) has revealed that its sovereign wealth fund has lost millions of dollars due to mismanagement of its overseas...
Alibaba discloses powerful partners, shows slowing growth
Alibaba Group Holding revealed the members of its powerful 27-person partnership and board on Monday, while disclosing that the Chinese e-commerce giant’s...
Ukraine and Russia agree to hold new gas talks
Ukraine and Russia failed to end a gas pricing dispute at talks on Saturday but agreed to meet again on Sunday—a day before a Russian deadline for Kiev...
South China Sea trade routes safe despite rows
Despite territorial stand-offs between China and other nations bordering the South China Sea, analysts say governments know better than to choke off the...
Great guns: U.S. Navy names ‘best-performing’ arms suppliers of 2014
Movies have the Oscars, music has the Grammys, and now munitions have their own annual awards.
Smart@$$: The Onion launches BuzzFeed parody site Clickhole
After months of anticipation, the Onion has unveiled its newest comedy project, Clickhole.
Tesla gives away all its ideas for free to boost ‘open-source movement’
Electric car maker Tesla Motors is handing over the keys to its technology in an unusual effort to encourage other manufacturers to expand beyond petrol-burning...
Google ‘buying $2bn stake in Virgin Galactic to put satellites in space’
Google is in talks with Virgin Galactic about a deal that will hand it crucial access to satellite-launch technology and an equity stake in Sir Richard...
Not so sweet: Coca-Cola weathers another recipe debacle
People don’t like change—and Coke probably knows that better than most as the Atlanta-based beverage maker faces backlash over its recent formula...
EU launches probes into Apple, Starbucks, Fiat tax break deals
The European Union’s antitrust regulator has launched an investigation into tax deals that Apple, Starbucks and Fiat struck with some European countries,...
Watch out Amazon: Chinese e-commerce giant Alibaba launches 11 Main
The online marketplace 11 Main, which hosts more than 1,000 merchants selling products ranging from clothing and interior goods to arts and crafts, will...
Toyota recalls 2.27 million vehicles globally over airbag defect
Toyota on Wednesday said it was recalling 2.27 million vehicles globally over an airbag system defect that could cause a fire.
French economist’s surprise best-seller spurs vigorous tax debate
French economist Thomas Piketty’s dryly titled but exhaustively compiled “Capital in the 21st Century has become a surprise best-seller.
First sponsors wade into Qatar World Cup corruption claims
Sony and Adidas have become the first World Cup sponsors to support the probe into accusations that bribes were paid to secure the 2022 tournament for...
Singaporean man bids more than $2 million for lunch with Warren Buffett
A Singaporean man will pay $2,166,766 to have lunch with Warren Buffett, the fourth biggest-ever winning bid in Glide Foundation’s annual charity...
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