Business
Apple receives record 4 million iPhone pre-orders in 24 hours
Apple announced this week that its two newly launched iPhones have set a new record, receiving more than four million pre-orders in the first 24 hours.
'A turning point': Tax crackdown as world profit-shifting ban looms
International authorities have unveiled the first step in a major crackdown on billions of dollars worth of international corporate tax avoidance, warning...
Struggle to find women drivers delays highly demanded cab service
The debut of a livery car service providing women drivers for female passengers in the New York City area has stalled over lack of a sufficient number...
Alibaba set to raise IPO range to $66 to $68 on ‘overwhelming’ demand
Alibaba Group Holding Ltd plans to increase the size of its U.S. initial public offering because of “overwhelming” investor demand, people...
Strong typhoon disrupts business as it sweeps past Hong Kong
Strong winds and heavy rain hit Hong Kong on Tuesday as a typhoon headed to the south of the financial hub, disrupting business and closing the stock market...
Blood-spattered Kent State shirt latest in Urban Outfitters’ missteps
Teen apparel retailer Urban Outfitters apologized on Monday after criticism for selling a vintage Kent State University sweatshirt that appeared to be...
Microsoft agrees to buy Minecraft maker Mojang for eye-watering $2.5bn
Microsoft is to buy the maker of the popular game Minecraft for $2.5 billion. The technology giant said it will buy Stockholm-based games firm Mojang.
Spin cycle: Samsung says LG vandalised their washing machines at IFA
Samsung said Sunday it had requested a state investigation of senior executives from its South Korean rival LG for allegedly destroying its products at...
Swiss banks at crossroads as secrecy goes up in smoke
The institutions that helped create the world’s largest offshore tax haven are dramatically rethinking their business models in a bid to survive...
Golden delicious: Gold Apple watch may cost more than US$1,200
The gold Apple Watch Edition could cost as much as US$1,200 when it goes on sale in 2015, according to a new report by TechCrunch.
Air France to cut flights by 50 percent on Monday as pilots strike
Air France will reduce its number of flights by about 50 percent from Monday as pilots begin a one-week strike over company plans to cut costs to recapture...
iPhone release (and delay): Big business for Chinese smugglers
The iPhone 6 became available for pre-order on Apple’s online store Friday morning — though “available” is a relative term.
Capital worth billions flowing out of UK as Scots get set to vote, says report
Investors pulled $27 billion out of UK financial assets last month - the biggest capital outflow since the Lehman crisis in 2008 - as concern mounted about...
Facebook shares top $200bn as it becomes 22nd biggest firm in the world
Facebook’s value has soared above US$200 billion for the first time, making it the 22nd biggest company in the world.
Dubai’s $32bn plan to make Al Maktoum International the world’s biggest airport
The ruler of Dubai—Sheikh Mohammed bin Rashid Al Maktoum—has endorsed a US$32 billion dollar (£19.8billion) expansion plan for the city’s second...
For Apple’s Cook, new products offer a chance to leave Jobs’ shadow
Sept. 9 is not just the day Apple will likely unveil the highly anticipated iPhone 6 and iWatch.
Lavender farmers rebel against new EU chemical rules
Billboards decrying the classification of lavender oil as a chemical are springing up among the crops at lavender farms in the South of France.
For the first time in eight years, Greece eyes growth
Greece’s economy is expected to expand in the third quarter for the first time in eight years, Prime Minister Antonis Samaras said Saturday.
China’s Alibaba eyes record-breaking IPO
Alibaba Group Holding Ltd. unveiled plans for an initial public offering that values the company at $155 billion, which would instantly make it one of...
Barbie dissed: Lego is now the top-selling toy
Move over Barbie: There’s a new top dog in the toy world. Denmark’s privately owned Lego A/S has edged out Mattel, maker of the Barbie doll, as...
ECB tries to boost stagnant eurozone by slashing interest rates to record low
The European Central Bank (ECB) has taken further action to boost bank lending and spur activity in the stagnating eurozone economy.
Trademark row: Deadmau5 goes ear-to-ear with Disney over iconic logo
House music DJ deadmau5 has told Disney to “lawyer up” after a dispute over his mouse-ears logo and the world-famous Mickey trademark.
Michael Bloomberg to return as head of Bloomberg company
Former New York Mayor Michael Bloomberg will return as head of Bloomberg LP, the data and financial news company he founded in 1981, replacing Daniel Doctoroff...
The value of a college degree has tripled since the 1980s: report
Despite falling wages and rising tuition costs, the value of a college degree is still unquestionably high, a new report shows.
German court bans Uber ridesharing taxi service app
A court has issued an injunction barring ridesharing service Uber from operating in Germany, the latest shot in the company’s fight with taxi drivers.
Malaysia Airlines axes 6,000 staff after being hit by two flight disasters this year
The impact on Malaysia Airlines from the disappearance of MH370 and shooting down of MH17 has forced it to cut 6,000 jobs.
FBI investigates massive breach at U.S. banks by suspected Russian hackers
The Federal Bureau of Investigation (FBI) and U.S. Secret Service are investigating hacking attacks on JPMorgan and several other financial institutions...
Qantas Airways nosedives to $2.6 billion loss for 2013
Australia’s flagship airline Qantas revealed a shocking record loss of $2.6 billion Thursday for the last fiscal year.
Ready for the big show: Alibaba revenue soars ahead of IPO
Alibaba Group Holding Ltd’s revenue accelerated in the second quarter on strong gains in its mobile business, providing investors with what may be...
McDonald’s to appeal after three more branches shut down in Russia
Russian courts on Wednesday ordered the temporary closure of three McDonald’s restaurants in Moscow over breaches of sanitary rules, amid a standoff...
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