Business
Latest stories
Uber Demotes Exec at Center of Self-Driving Tech Lawsuit

Uber has demoted an executive heading its self-driving car operations who has been at the center of a lawsuit filed by Alphabet's Waymo accusing the ride-sharing giant of theft.

An Uber spokesman on Thursday confirmed media reports that Anthony Levandowski would step down from his role.

W140 Full Story
Anti-Austerity Strike Snarls Cities across Brazil

Major transport networks, schools and banks partially shut down across much of Brazil on Friday in what protesters called a general strike against austerity reforms in Latin America's biggest country.

W140 Full Story
Spain Notches up Steady Economic Growth in Q1

Spain's economy grew at a steady pace in the first quarter, official figures showed Friday, as the country continues to recover from a damaging crisis marked by sky-high unemployment.

Gross domestic product (GDP) expanded by 0.8 percent between January and March from the previous three months, slightly higher than the last quarter's 0.7 percent growth, according to preliminary figures from the national statistics institute INE.

W140 Full Story
Calls on Saudi Social Media for Jobless Protest

Calls have been growing on social media for Saudi Arabia's jobless to protest on Sunday, after a similar appeal before the government restored benefits to civil servants last weekend.

W140 Full Story
Europe Needs Own IMF, Says Eurogroup Chief

Europe needs its own European monetary fund that could replace the Washington-based IMF in any future bailouts in the eurozone, Eurogroup chairman Jeroen Dijsselbloem said on Thursday.

Dijsselbloem, who is also Dutch finance minister, gave the European Parliament his strongest backing yet to the idea amid an ongoing row between the eurozone and IMF over the level of debt relief needed by Greece in its current bailout.

W140 Full Story
Australia to Restrict Gas Exports as Energy Crisis Bites

Australia will enforce export restrictions on major gas producers, the prime minister said Thursday, to shore up domestic supply as a growing energy crisis sees power prices rise and blackouts more common.

W140 Full Story
US, Mexico and Canada Agree to 'Swiftly' Renegotiate NAFTA

NAFTA partners Mexico, Canada and the United States plan to swiftly renegotiate their free trade deal, the White House announced Wednesday.

W140 Full Story
Trump to Unveil Tax Reform, Cut Corporate Rate to 15%

The Trump administration is poised to unveil its long-awaited tax reform plan Wednesday that will slash corporate taxes to 15 percent, in the "biggest tax cut" in U.S. history.

W140 Full Story
Ukraine PM Fumes after Raid on Largest Investment Bank

Ukraine's prime minister lashed out Wednesday at the security service for conducting a surprise search at the headquarters of the country's largest investment bank.

W140 Full Story
Britain Could Lose 4,000 Deutsche Bank Jobs over Brexit

Deutsche Bank could move up to 4,000 jobs away from Britain, the group's compliance chief said Wednesday, as Germany's largest lender struggles to work out the consequences of Brexit.

W140 Full Story