Business
Latest stories
Intel Buying Israeli Car Tech Firm Mobileye for $15 Billion

Intel will buy Israeli car tech firm Mobileye for more than $15 billion (14 billion euros), the companies said Monday, in a deal signaling the U.S. computer chip giant's commitment to technology for self-driving vehicles.

W140 Full Story
China's Wanda Aborts Bid for Golden Globes Producer

A $1 billion bid by China's Wanda Group for the operator of the Golden Globe awards has been aborted, the U.S. firm's parent has said, following reports that it was sunk by a Chinese clampdown on overseas investments.

W140 Full Story
Asia Markets up after US Jobs but Dollar Struggles

Asian markets mostly rose Monday following last week's forecast-busting US jobs report but the dollar struggled against most other currencies, with this week's expected Federal Reserve interest rate hike already accounted for.

Friday's employment report reinforced a long-running belief the world's top economy was on a strong growth track and focus is now on the conclusion of the central bank's policy meeting Wednesday, hoping for clues about the next increase.

W140 Full Story
HSBC Appoints New Chairman in Management Overhaul

Banking giant HSBC announced the appointment of a new chairman Monday as part of a management overhaul which will also see it choose a new CEO, after a massive drop in profits in 2016.

W140 Full Story
Ivanka Trump is Exception to Dad's 'Buy American' Rule

In his January inauguration speech, U.S. President Donald Trump made a seemingly straightforward pledge: "We will follow two simple rules: buy American and hire American."

W140 Full Story
Australia PM, Musk Discuss Offer to Fix Power Woes

Australia's prime minister held talks with Elon Musk Sunday after the U.S. innovator offered to solve the energy crisis plaguing a southern region in a hundred days -- or install the technology free.   

W140 Full Story
New Strike to Hit Berlin Airports

Passengers flying in and out of Berlin airports face delays or cancellations Monday due to a ground crew strike over pay, union officials said.

W140 Full Story
Britain Plans for All Options as Brexit Nears

Britain is drawing up contingency plans in case its Brexit negotiations with the EU fail, a minister said Sunday as speculation mounted that the withdrawal process could start this week.

W140 Full Story
Second Post-Sanctions Airbus Joins Iran Fleet

Iran received its second new Airbus plane Saturday under an order that Tehran placed last year after a partial lifting of international sanctions.

W140 Full Story
US Economy Adds 235,000 New Jobs in February

The US economy had another strong month of job creation in February, the Labor Department reported Friday -- a result sure to boost already high expectations that the Fed will raise interest rates next week.

W140 Full Story