World
Aug 16,
2016
The global oil market faces a sharp drop in supply in 2017 from Venezuela, traditionally a prominent exporter, as an acute political and economic crisis halts investments needed to squeeze…
Aug 08,
2016
South African furniture retailer Steinhoff International Holdings NV has agreed to buy Mattress Firm Holding Corp. for about $2.4 billion in cash, a deal that would mark its entry into…
Aug 03,
2016
Uber has announced its exit from the Chinese taxi market by merging with arch-rival Didi Chuxing in a US$35 billion deal. Uber is selling its operations to Didi, with Uber…
Aug 01,
2016
Heineken, the world's third-largest brewer, reported slightly better than expected first-half operating profit on Monday as strength in Asia and Western Europe offset declining sales in Africa and Eastern Europe.…
Jul 28,
2016
Facebook said its profit leapt 186 percent from a year ago to $2 billion, as the world's biggest social network blasted past most analyst forecasts for the second quarter. With…
Jul 24,
2016
Audi aims to have three electric car models by 2020 and for electric vehicles to account for 25 to 30 percent of its sales by 2025, Chief Executive Rupert Stadler…
Jul 19,
2016
Switzerland's Novartis, the world's biggest maker of prescription drugs, will continue to invest in Britain, despite the country's decision to leave the European Union, its chief executive said on Tuesday.…
Jul 16,
2016
Hulk had quite the welcome to China. Shortly after his plane landed at Shanghai’s Pudong International Airport, hundreds of chanting fans mobbed the Brazilian soccer star as he pushed his…
Jul 14,
2016
South African company Steinhoff has agreed a £597m (€713m) deal to buy UK-based discount retailer Poundland, which trades here as Dealz. The deal is the biggest takeover of a British-listed…
Jul 11,
2016
Airbus and Boeing raised their long-term forecasts for new aircraft demand on Monday, betting that rising wealth in Asia would continue to boost air travel and offset any short-term hits…
Jul 06,
2016
Prime Minister Narendra Modi will embark on his maiden tour to Africa during which he will travel to Mozambique (July 7), South Africa (July 8-9), Tanzania (July 10) and Kenya…
Jun 30,
2016
Nokia’s next-generation optical solution has been selected by Telefónica Spain for its new metro transport network to handle the massive traffic growth fueled by its successful Fusión quadruple-play services. Nokia…
Jun 27,
2016
Business secretary attempts to calm nerves as markets prepare for further steep falls on Monday morning. The business secretary, Sajid Javid, has told business leaders there is no need to…
Jun 24,
2016
Britain has voted to leave the European Union. This is having an immediate effect on markets. It is also having immediate political ramifications. David Cameron has announced he will not…
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