Business
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...
Greek MPs gather for crucial vote on cutbacks… as IMF warns bailout deal will fail
Greek MPs are arriving at their parliament ahead of a vote on measures aimed at saving their economy – hours after financial analysts cast doubt...
IMF calls for Greece debt relief ahead of crucial bailout vote
An International Monetary Fund study showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as...
IMF calls for Greece debt relief ahead of bailout vote
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to...
Twitter shares spike nearly 8% thanks to fake Bloomberg story
Twitter’s stock briefly spiked on Tuesday after a fake story said the company received a $31 billion buyout offer. The report appeared on a...
The end of the crisis? Greek parliament backs bailout proposals
Greece’s parliament has backed the government’s latest economic reform proposals aimed at securing another crucial EU bailout. The plans...
Tax rises and spending cuts put forward as Greece pitches for €53bn bailout
Greek prime minister Alexis Tsipras has submitted detailed proposals for economic reform in the hope of persuading creditors to agree a fresh bailout.
Face-to-face with a nightmare: Is this the future for economy air travel?
Budget flights might already be cramped, stuffy and noisy - but things could be about to get a whole lot worse.
Tax rises and spending cuts put forward as Greece pitches for €53bn bailout
Greek prime minister Alexis Tsipras has submitted detailed proposals for economic reform in the hope of persuading creditors to agree a fresh bailout.
Greece submits bailout plan proposal as fears of bankruptcy deepen
Proposals from Greece to explain how it will meet conditions for a new international bailout loan were received on Thursday by Jeroen Dijsselbloem, who...
Microsoft axes 7,800 jobs and writes off the $7.6 billion it paid for Nokia
Microsoft is cutting 7,800 jobs as it seeks to charge up its sluggish phone hardware business.
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.
Beijing’s measures fail to stem stock market tumble
China stocks took another plunge Wednesday, as the securities regulator warned the market was in the grip of “panic” selling after fresh government...
World stocks spooked as Chinese sell-off ‘stampede’ gathers pace
World markets were shaken on Wednesday by a crash in Chinese stocks, a slump in commodities and questions over whether Europe would save Greece. Wall...
China stock market freezing up as sell-off ‘stampede’ gathers pace
China’s tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended...
Greece has until Sunday to reform and bring proposals or face Euro exit
European leaders set a Sunday deadline to rescue Greece, saying otherwise they’ll take the unprecedented step of propelling the country out of the...
‘Most critical moment in history of EU’: Final deadline for Greece deal
Eurozone leaders have offered Greece a final chance to present a credible rescue plan - or face a likely exit from the euro. Athens must submit a...
Lack of new Greek proposals leaves eurozone on edge as euro exit looms
Eurozone nations showed the “political will” to help Greece reach a bailout deal at emergency talks in Brussels Tuesday despite a referendum...
Ex-Toyota exec to be released from custody after allegedly importing illegal painkillers
Tokyo prosecutors plan to release former Toyota Motor Corp executive Julie Hamp from custody after she was arrested last month on suspicion of illegally...
Big turnout but it’s too close to call in Greece’s make-or-break referendum
Greeks are turning out in large numbers to vote in a referendum that will have huge implications for their country - and Europe as a whole.
China arrests man for social media suicide post amid stock market rout
A social media user who allegedly spread rumours about people in Beijing jumping off buildings in response to a stock market crash has been arrested.
It’s too close to call as polls open in Greece’s make-or-break referendum
Polls have opened in the Greece bailout referendum, as voters decide whether to accept a deal offered by the country’s creditors.
Analysts: Greek government’s post-referendum future unsure
Whether Greeks decide in Sunday’s referendum to accept their lenders’ bailout deal or reject it, the government’s hold on power may be...
Uber suspends low-cost service in France amid legal pressure
Uber is suspending its low-cost ride-hailing service in France, hoping to defuse an escalating legal dispute and sometimes-violent tensions with traditional...
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...
BP agrees to pay $19bn for causing America’s worst environmental disaster
BP has reached an $18.7bn settlement with the U.S. government and five states over the 2010 Deepwater Horizon oil disaster.
Tsipras in a panic as Greece referendum poll has ‘Yes’ vote ahead
The Greek government has stepped up its campaign for a “no” vote in Sunday’s bailout referendum as polling suggests the “yes”...
Greek tragedy: Pensioners rush to grab cash as crisis hits the banks
Thousands of elderly Greeks have besieged the nation’s crisis-racked banks, which reopened to allow them to withdraw vital cash from their state...
Chaotic scenes as Greek pensioners rush to grab cash as crisis hits the banks
In chaotic scenes, thousands of elderly Greeks have besieged the nation’s crisis-hit banks, which reopened to allow them to withdraw vital cash from...
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