International News

Using cash & pressure, China builds chip industry

After importing $232 bn of semiconductor products in 2013, govt aims to increase investments & gain ...

In face-off with China, India beefs up ITBP force by 12,000 menXiaomi promises peace of mind for Indian users with local data centres
Apple Pay faces challenge as two drug stores reject it
Mobile wallet likely to stir payments industry

When iPhones ring, the economy listens

Gloomy economic news and the wild swings of the stock market may be getting you down.

Microsoft’s sales increase, helped by Nokia acquisition

Sales in the PC business are still in the dumps. Traditional software sales are losing steam to clou...

Losses jump at Amazon, as investments pile up

The chickens are not coming home to roost at Amazon just yet...

Career deal maker seeks to transform UBS’ investment bank into financial powerhouse

“Nobody says Ferrari doesn’t make cars or is too small to exist,” says Andrea Orcel with a fiery Rom...
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US opposing China’s answer to World Bank
For almost a year, China has been pitching an idea to its neighbours in Asia: a big...
Rosneft says discovers offshore Arctic oil jointly with Exxon
Russia’s top crude oil producer Rosneft said on Saturday it had made an oil discovery jointly with E...
Yahoo confronted by moment of decision, again
Yahoo, more than any other investor, should have benefitted from the public market debut last week o...
After China, GlaxoSmithKline faces pressure for change
GlaxoSmithKline may have closed one chapter in a saga of corruption allegations by accepting a $489 ...
Barack Obama tries Reagan touch on economy, but wages weigh
President Barack Obama, stumping for the Democrats ahead of November's congressional elections...
Short-sellers target China, this time from the shadows
Short-sellers who profit from stock price declines have resumed targeting Chinese companies...
Volkswagen seeks higher margins with China-only luxury sedan
Volkswagen will launch a VW-badged luxury sedan designed solely for China next year...
Growth in China’s factory sector seen stalling in Sept
Growth in China's large factory sector probably stalled in September, adding to worries the economy ...
Islamic State calls for attacks on US, French citizens
Islamic State urged its followers on Monday to attack citizens of the United States...
Alibaba IPO world’s biggest at $25 bn
Alibaba, the Chinese e-commerce giant, has officially set the record for the biggest initial public ...
Tesco cuts profit outlook again after accounting error
Tesco cut its profit forecast for the third time this year on Monday after finding a fault in its ac...
Relief over Scotland gives way to ‘Great Stagnation’ worries
G20 nations say they are close to adding an extra $2 trn to the global economy
Larry Ellison says he is done as chief at Oracle
Silicon Valley just got a little less colourful.
China central bank lends $81.4 billion to 5 biggest banks
The loans were disbursed through the Standing Lending Facility, a policy tool created by the central...
EU relief at Scotland’s ‘no’ tinged with fear of nationalism
But as soon as the Scottish “no” was secure, they voiced satisfaction and drew consequences for thei...
Scot land scuttled
“The people of Scotland have spoken and it is a clear result,” Prime Minister David Cameron said.
Hyundai Motor’s record $10.4-bn bid for trophy property alarms investors
The conglomerate smashed the previous record auction price for a single plot of land in South Korea ...
Ericsson to shut modem business, 1,000 jobs to go
Ericsson, the world's biggest mobile network equipment maker, is winding down its modem business, sh...
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