Business
Latest stories
Philippines' Duterte Calls Kuwait Work Ban 'Permanent'

Philippine President Rodrigo Duterte on Sunday said the temporary ban on Filipinos going to work in Kuwait is now permanent, intensifying a diplomatic standoff over the treatment of migrant workers in the Gulf nation.

W140 Full Story
Jordan Woos Back Nervous Tourists after Years of Regional Turbulence

With its rock-hewn ancient city of Petra, lunar-like landscape of Wadi Rum and a medical tourism drive, Jordan is luring back foreign visitors scared off by regional upheaval and jihadist attacks.

W140 Full Story
Macron Digital Tax Plan Faces EU Fight

French President Emmanuel Macron's ambitious plans for an EU digital tax targeting US tech giants faced strong headwinds on Saturday from small member states eager to defend their strong ties with Silicon Valley.

W140 Full Story
U.S. Demands EU 'Concessions' to Extend Steel, Aluminum Tariff Exemptions

The United States will continue to exempt allied economies, including the European Union, from steel and aluminum tariffs if they make concessions on trade, a senior White House advisor said Thursday.

"It's very important that some of our friends make some concessions with respect to trading practices, tariffs and taxes," National Economic Council Director Larry Kudlow told CNBC, citing "equal treatment of automobiles" in the EU as an example.

W140 Full Story
ECB Hunkers Down as Trade Headwinds Rise

European Central Bank chief Mario Draghi warned Thursday of storm clouds on the horizon for the eurozone as fears mount of a global trade war, prompting the bank to keep its massive stimulus scheme in place.

W140 Full Story
GM to Add 700 U.S. Jobs to Plant Building SUVs

General Motors has said it plans to add 700 jobs in September to boost production of its popular sport-utility vehicles and models for export to Australia and New Zealand.

W140 Full Story
Barclays Sinks into Red on US Fine

British bank Barclays dived into a first-quarter net loss, it said Thursday, following a huge US fine over its conduct in the run-up to the global financial crisis.

W140 Full Story
'Most are Poor': Armenians Struggle with Low Wages, Huge Corruption

"For ten years, Sarkisian promised us a good life," said 41-year-old Anait Galstyan, while tending to her market stall in the Armenian capital Yerevan, mulling over the reasons why people took to the streets to force veteran leader Serzh Sarkisian to resign.

W140 Full Story
India Merger to Create World's Second-Largest Mobile Mast Firm

India's Bharti Infratel and Indus Towers said Wednesday that they had agreed to merge in a deal that will create the world's second-largest mobile mast company.

W140 Full Story
Comcast Formally Takes on Murdoch with £22 Billion Sky Bid

U.S. cable giant Comcast formalized Wednesday its £22 billion takeover bid for pan-European satellite TV group Sky, outbidding Rupert Murdoch's 21st Century Fox, whose lower offer has hit UK antitrust hurdles.

W140 Full Story