Business
China readies national carbon market to fight climate change
The lights from the Beijing Environment Exchange — one of seven pilot markets in China for trading carbon — raises questions for the country...
Abandoned Tube station used by Churchill awaits new tenant
An abandoned Underground station used by Winston Churchill as a bunker during World War II could become London’s latest go-to bar or gallery under...
Uber in talks with banks for $1 billion credit facility: WSJ
Uber Technologies Inc is seeking a $1 billion credit line from banks, the Wall Street Journal reported, citing people familiar with the matter.
In foreign exchange rigging: ‘If you ain’t cheating, you ain’t trying’
Foreign exchange traders clubbed together in a brazen “heads, I win; tails, you lose” strategy to rip off customers as they rigged the $5 trillion-per-day...
Luxury brands mount suit against Alibaba over counterfeit goods
A group of luxury goods makers sued Alibaba Group Holding on Friday, contending the Chinese online shopping giant had knowingly made it possible for counterfeiters...
Alibaba sued in U.S. by luxury brands over counterfeit goods
A group of luxury goods makers sued Alibaba Group Holding Ltd on Friday, contending the Chinese online shopping giant had knowingly made it possible for...
China to invest $50 billion in Brazil
China will invest $50 billion to help overhaul Brazil’s aging infrastructure, Brasilia said Thursday, ahead of an official visit by Chinese Prime...
Ukraine accuses Facebook of pro-Russia bias
A senior aide to Ukrainian President Petro Poroshenko on Thursday accused Facebook of political bias, ahead of a question-and-answer session with co-founder...
Honda to recall 4.8M more cars as Takata airbag problems deepen
Honda is the latest car manufacturer to announce a major extension to its recall program after a worldwide airbag alert. The company confirmed on...
Honda to recall 4.8 million more cars as Takata airbag problems deepen
Honda is the latest car manufacturer to announce a major extension to its recall programme over a world airbag alert. The company confirmed on Thursday...
Air bag crisis continues: Japanese automakers recall 6.5M vehicles worldwide
Toyota, the world’s largest automaker, announced a recall of 5 million vehicles, affecting 35 models produced globally between March 2003 and November...
Sharp shares plunge 31 per cent on capital reduction reports
Shares in Japan’s Sharp plunged 31 per cent Monday after weekend media reports that the struggling electronics maker is planning a drastic capital...
China cuts interest rates for third time in six months as economy sputters
China cut interest rates for the third time in six months on Sunday in a bid to lower companies’ borrowing costs and stoke a sputtering economy that...
No relish but plenty of dip: McDonald’s suffers worldwide sales drop
McDonald’s says its sale slipped in April, with weakness across most regions. The world’s biggest hamburger chain, which is in the midst...
Must fry harder: McDonald’s suffers worldwide dip in sales
McDonald’s says its sale slipped in April, with weakness across most regions. The world’s biggest hamburger chain, which is in the midst...
Tea to tech: China’s cybersecurity push sparks a ‘gold rush’
Ex-American spy Snowden’s disclosures in 2013 of U.S. cyberspying and security holes in American technology products have prompted China’s...
India to sign significant port deal with Iran, despite warnings
India will push ahead this week with plans to build a port in southeast Iran, two sources said, with Prime Minister Narendra Modi keen to develop trade...
Syriza’s 100 days: a slow reckoning with financial reality
It promised to turn the page on five years of austerity that brought Greece to its knees, but the first 100 days of the radical government of Alexis Tsipras...
‘Woodstock for Capitalists’: Warren Buffett marks 50th year at Berkshire
Berkshire Hathaway Inc shareholders celebrated Warren Buffett’s 50th anniversary running the conglomerate yesterday.
Inked and irked: Apple Watch users report tattoo problems
It’s an annoying problem for the unlucky few: the Apple Watch’s heart rate monitor and even some other features might not work if you have...
Chinese builder puts up 57-storey skyscraper in 19 days
A Chinese construction company is claiming to be the world’s fastest builder after erecting a 57-storey skyscraper in 19 working days in central...
Chinese builder puts up 57-story skyscraper in 19 days
A Chinese construction company is claiming to be the world’s fastest builder after erecting a 57-story skyscraper in 19 working days in central China.
Sony forecasts huge profit thanks to iPhone camera
Sony lost $1.1bn in the last financial year after a turbulent few months which saw its movie studio attacked by suspected North Korean hackers. But...
McDonald’s supplier slapped with Beijing’s biggest pollution fine - $600,000
A McDonald’s joint venture in China supplying its outlets with French fries has been slapped with a record 3.9 million yuan ($630,000) fine for water...
Twitter reaches 300 million active users but stock crashes after earnings leak
Twitter shares plunged Tuesday after an earnings report fell short of market expectations, despite a jump in the number of active monthly users above 300...
EBay supports Google over Brussels antitrust probe
EBay Inc Chief Executive John Donahoe has supported arguments made by Google Inc in its defense in an antitrust case, saying the two companies are direct...
VW Chairman Piech resigns after failing to oust CEO
Volkswagen’s supervisory board Chairman Ferdinand Piech unexpectedly resigned on Saturday after losing a showdown he provoked with Chief Executive...
Taking the abs out of Abercrombie: retailer tones down sexy
Abercrombie & Fitch is saying goodbye to the shirtless beefcake models who greeted customers at its doors. The company announced Friday that store...
Starbucks extracts more money with pricier drinks, food
Starbucks is extracting more money from customers with offerings like a “Flat White” espresso drink and revamped baked goods that cost a little...
‘Safest bike ever’: New ride fit for the dangerous streets of London
British entrepreneur Crispin Sinclair and his team believe their creation, the Babel Bike, will get fellow countrymen, who might be reluctant to cycle...
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