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Fiscal Stimulus Likely after UK Finance Minister Quits

Finance minister Sajid Javid's resignation on Thursday, just a month before he was to deliver Britain's annual budget statement, took the business community by surprise.

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Huawei Hit with New U.S. Charges of Trade Secrets Theft

Huawei was hit Thursday with new U.S. criminal charges alleging the Chinese tech giant engaged in a "decades-long" effort to steal trade secrets from American companies.

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Economic Crisis Complicates Sex Lives of Young Venezuelans

Short on dollars, John and Amanda sneak back to their parents' homes when they want an intimate moment, while Carlos goes into sexual hibernation during financially lean months. Oriana, on the other hand, buys her contraceptives on the black market for a small fortune.

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Not (Trade) Fair: Industry Gatherings Fall Victim to Coronavirus

Cancel, delay or go ahead: the organizers of industry events are faced with a difficult choice as international gatherings of thousands or even of tens of thousands of people pose a risk of spreading the COVID-19 virus.

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U.S. Annual Inflation Pace Accelerates in January

Surging fuel and medical costs ramped up the annual inflation rate Americans faced in January to its highest in more than a year, the government reported Thursday.

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Pound Hit as UK Finance Minister Quits

The pound briefly retreated Thursday after UK finance minister Sajid Javid sensationally quit Prime Minister Boris Johnson's government, dealers said.

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Airbus Reports 2019 Net Loss of 1.36 bn Euros

Airbus on Thursday reported a net loss of 1.36 billion euros in 2019 after being hit by a 3.6-billion-euro fine over a bribery scandal and extra development costs for the A400M transport aircraft.

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French SGBL Official Confirms Société Générale France Still Partner in Bank

SGBL Deputy CEO Stanislas Tertrais, who is a French official, confirmed Wednesday that Société Générale (France) has not ended its participation in the Lebanese bank.

“Société Générale (France) owns an SGBL share amounting to 16.79% of the total number of stocks and it is a member of its board of directors,” Tertrais said, adding that the 2019 results of Société Générale (France) did not entail any change as to its continued participation in Société Générale de Banque au Liban S.A.L.

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French Wine Industry Faces 'Challenging Year' as U.S. Exports Drop

French wine exports to the United States plunged by almost a fifth in the last quarter of 2019 as punitive tariffs kicked in, the FEVS industry body said Wednesday, and warned of a "challenging year" ahead.

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World Mobile Congress Canceled over Coronavirus Fear

Organizers of the World Mobile Congress said Wednesday they have cancelled the world's top mobile trade fair due to fears stemming from the coronavirus, following an exodus of industry heavyweights.

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