Monday, September 21, 2015

Global Business


SoftBank-backed cloud robotics and artificial intelligence startup CloudMinds is slashing its workforce as it burns through cash after repeated

India faces first fall in direct taxes in at least two decades

India's corporate and income tax collection for the current year is likely to fall for the first time in

Euro zone economy remains weak

Euro zone business activity remained lacklustre at the start of the year, a survey showed a day after the

UK business improves after election

British companies are enjoying their best month in more than a year, a survey indicated on Friday, and the

France uses Davos to pursue global 'digital tax' goal

French Finance Minister Bruno Le Maire is optimistic of reaching a deal on a global tax on digital companies,

Thailand's 2019 foreign tourists up 4%

Thailand saw slower growth of foreign tourist arrivals of 4.2% last year and the outlook for a lucrative industry

US calls for immediate resumption of Libya oil

The United States called Tuesday for an immediate resumption of Libya's lifeline oil exports that have been blocked

Amazon asks court to pause Microsoft's work on Pentagon's JEDI contract Inc said on Wednesday it filed a motion in court to pause the U.S. Department of Defense

UK to US: We want a trade deal and a digital tax

Britain wants a trade deal with the United States but will impose a digital service tax on the

BP appoints new finance chief

BP's (BP.L) finance chief Brian Gilvary is to step down in June after eight years in the role

Boeing's new CEO orders rethink on key jetliner project

Boeing Co's (BA.N) new chief executive has sent the aerospace giant back to the drawing board on proposals

Seoul to send vessel to Strait of Hormuz after US pressure

South Korea will send a naval destroyer and300 troops to the Strait of Hormuz, its defence ministry said Tuesday,

Bank of America to hire 50 bankers for Asia deal making team in 2020

Bank of America Corp (BAC.N) will recruit about 50 bankers for its investment team in Asia this year, as

Airbus flies to record highs, TUI falls after latest Boeing blow

Airbus'  shares rose to record highs on Wednesday, after its U.S. arch rival Boeing (BA.N) warned of new issues

Stocks shake off China virus worries, dollar gains

World stock markets looked to be getting back to full strength on Wednesday, as updates from China about the

Jaguar Land Rover to cut 10% of workforce in UK

British carmaker Jaguar Land Rover (JLR) (TAMO.NS) said on Wednesday it will cut around 10% of the workforce at

'Death Cross,' growth abroad threaten US dollar

Dollar bullishness in future markets stands at its lowest level in more than a year-and-a-half, according to the most

Stock markets slide on fears over spreading virus

Global stock markets slumped Tuesday as a SARS-like virus taking hold in China spooked investors, while sentiment suffered a

Activist investor calls on Toshiba Machine to put defense plans

Japan's most prominent activist investor on Wednesday demanded Toshiba Machine Co (6104.T) hold an extraordinary shareholders meeting to discuss

Major 737 MAX buyer Air Lease remains confident

Aircraft lessor Air Lease Corp (AL.N), which has ordered 150 of Boeing's (BA.N) grounded 737 MAX, remains confident in

China repeats call to release Huawei CFO

China repeated its call on Monday for Canada to release detained Huawei Technologies Chief Financial Officer Meng Wanzhou

Facebook to hire 1,000 people for growth in UK

Facebook will hire 1,000 people in London this year in roles such as product development and safety as

'Air France-KLM proposes buying 49% of Malaysia Airlines'

Domestic carrier AirAsia Group Bhd (AIRA.KL) and Malindo Air, the Malaysian arm of Indonesia's Lion Air, have also

'Boeing seeks to borrow $10b'

Boeing Co (BA.N) is in talks with banks about borrowing $10 billion or more amid rising costs for

Japan's Aeon aims to serve eco-certified sushi in time for Olympics

Japanese supermarket chain Aeon Co Ltd (8267.T), Asia's biggest retailer by sales, said it aims to start selling

France, US agree to extend digital tax row talks

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax

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