Business
Panic grips Asian stock markets as shares plunge to a three-year low
Asian stocks have dived to three-year lows this morning, continuing stock market slides which plundered values worldwide last week.
Florida woman says she secretly recorded Jared Fogle
A Florida woman says former Subway pitchman Jared Fogle told her years ago about his interest in having sex with minors and that she went to authorities...
Subway’s Jared Fogle expected to plead guilty to child porn charges
Longtime Subway pitchman Jared Fogle is expected to plead guilty to child-pornography charges, an Indiana television station reported Tuesday.
Merkel faces rebellion as German lawmakers debate Greek bailout
German lawmakers broke off their holidays on Tuesday to debate Greece’s third bailout plan before approving it, though Chancellor Angela Merkel faces...
Second China currency fall set to hit Apple, BMW and others hard
Makers of luxury goods are bracing themselves for another sharp fall in share prices as China devalued its currency for a second successive day.
Asian stocks tumble as China allows yuan to fall for second day
Asian stocks and emerging market currencies tumbled on Wednesday and commodities fell after China allowed the yuan to fall sharply for a second straight...
China’s move to devalue currency could reverberate globally
China’s surprise move Tuesday to devalue its currency has intensified concerns about a slowdown in the world’s second-largest economy, whose...
Greece reaches deal with creditors on third bailout
Greece has reached a deal on a multibillion bailout with its international creditors, officials said, with the government planning to submit it to parliament...
Delta and American airlines ban big-game trophy shipments
U.S. airlines Delta and American banned the shipment of big game trophies on flights, in the wake of outrage over the killing of Cecil the lion in Zimbabwe.
Former head of bitcoin virtual currency exchange held over ‘missing millions’
Mark Karpeles, the former head of defunct bitcoin exchange MtGox, was arrested on Saturday in connection with the disappearance of hundreds of millions...
Prius goes before a fall: 625,000 ‘stopping fault’ hybrid cars recalled
Toyota on Wednesday recalled 625,000 hybrid vehicles globally, mostly the Prius model favoured by the eco-conscious including Hollywood celebrities, over...
Honda recalls 4.5 million more cars after faulty airbags linked to 8 deaths
Japanese automaker Honda on Thursday said it was recalling another 4.5 million vehicles, as a scare over a deadly defect in airbags widens.
Microsoft axes 7,800 jobs and writes off the $5bn it paid for Nokia
Microsoft is cutting 7,800 jobs as it seeks to charge up its sluggish phone hardware business.
U.S. Gulf states reach record $18.7B settlement with BP over oil spill
British oil giant BP and five U.S. Gulf states announced a record $18.7 billion settlement on Thursday that resolves years of fighting in the courts over...
Wearable fitness tracker Fitbit valued at $4.1 bln
Fitbit Inc priced its initial public offering at $20 per share valuing the maker of wearable fitness tracking devices at about $4.1 billion.
Air fare war looms as Ryanair target rivals with aggressive winter price cuts
Ryanair today opened an air fare price-cutting war this winter, heaping pressure on its struggling rivals with an all-out drive to win millions more customers.
Pearson says in talks to sell The Economist share
British publishing company Pearson said Saturday it was in talks to sell its 50 percent stake in The Economist Group, owner of the prestigious Economist...
FCC gives AT&T final clearance to buy DirecTV
AT&T’s $48.5 billion purchase of DirecTV is set to close after the company won approval Friday from the Federal Communications Commission. The...
Stacking ‘em higher: Amazon topples Wal-Mart as biggest retailer after profits leap
Amazon has leap-frogged Walmart to become the most valuable retailer in the U.S.
Pearson to sell Financial Times to Nikkei for $1.3 billion
Japanese media company Nikkei Inc. is buying the Financial Times as part of an 844 million-pound ($1.3 billion) deal with Britain’s Pearson PLC. The...
Pearson to sell Financial Times to Nikkei for $1.3 billion
Japanese media company Nikkei Inc. is buying the Financial Times as part of an 844 million-pound ($1.3 billion) deal with Britain’s Pearson PLC. The...
Toshiba bosses quit over $1.2bn ‘false’ profits scandal
The boss of electronics giant Toshiba has quit amid a $1.2bn (£755m) accounting scandal, taking with him several other senior staff.
Thousands protest but MPs agree second batch of Greece bailout reforms
Thousands of anti-austerity protesters gathered in Athens last night as MPs agreed a second batch of reforms which will help Greece to unlock a huge international...
Billionaire Warren Buffett says Greek island purchase ‘a total fabrication’
Billionaire investor Warren Buffett said on Tuesday that media reports that he and Italian real estate agent Alessandro Proto together purchased the island...
Toshiba bosses quit over $1.2bn ‘false’ profits scandal
The boss of electronics giant Toshiba has quit amid a $1.2bn (£755m) accounting scandal, taking with him several other senior staff.
Blatter under pressure: Sponsor Coca-Cola calls on FIFA to reform
FIFA sponsor Coca-Cola has broken ranks and called on football’s world governing body to begin independent reform led by “eminent, impartial...
Amazon says Prime Day will be annual event
Amazon says its Prime Day sale led to a sales surge and “hundreds of thousands” of new signups for its $99 annual Prime loyalty program.
Reddit’s challenge: Returning CEO takes on the digital forum’s ‘dark side’
Reddit’s returning CEO Steve Huffman took to the site Thursday to propose a new set of content guidelines meant to curb harassment and, in turn,...
Clashes in Athens as lawmakers debate contentious austerity bill
Rioters hurled petrol bombs at police who responded with tear gas as an anti-austerity demonstration outside parliament turned violent Wednesday, while...
Anger as Greek MPs debate cutbacks… after IMF warns bailout deal will fail
Angry scenes erupted in the Greek parliament as MPs began debating measures aimed at saving their economy – hours after financial analysts cast doubt...
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