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G20 Warns over Populist Politicians Touting Anti-Globalization

The G20 warned Friday of the risks to the global economy of populist politicians playing up anti-globalization sentiments to voters.

With the global economy already dragging, finance ministers of the group of leading economies said such populism could further hurt growth.

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Qatar Airways Orders 100 Boeing Planes for Up to $18.6 Billion

Qatar Airways announced a large airplane order with Boeing Friday that includes up to $6.9 billion in single-aisle planes following delays in a rival Airbus offering.

Under the agreement, Qatar will buy 30 new-generation Boeing 787s and 10 Boeing 777s, both widebody aircraft, for $11.7 billion, the companies announced. 

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Europe Gets Tough with Brexit Britain

Europe's leaders have vowed no compromise on the terms of their divorce with Britain as a free-falling pound on Friday dramatically underscored the perils ahead for Prime Minister Theresa May's government.

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Algorithmically Challenged: The Computers Driving Trading

When the British pound fell off a cliff on Friday morning, it soon became clear what may have been responsible -- the computers.

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Bank of England Says 'Looking into' Pound Flash Crash

The Bank of England is "looking into" what caused the pound to slump more than six percent against the dollar in less than ten minutes Friday, a spokesman told AFP.

"We are looking into what happened,"  he said after sterling suffered a "flash crash" in Asia trading hours -- hitting a new 31-year low point at $1.1841. The pound slumped also to a 6.5-year trough against the euro, at 94.15 pence.

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Flash Crash Rocks Pound as Hollande Warns on Brexit

Sterling suffered a dizzying "flash crash" against the euro and dollar on Friday in a computer-generated sell-off, sending Brexit shockwaves across markets after France warned of perils ahead for Britain.

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Samsung to 'Review' U.S. Hedge Fund Plan to Split Firm

Samsung Electronics responded warily Thursday to a plan submitted by the US activist hedge fund Elliott Management for splitting the South Korean electronics giant into a separate holding and operating company.

"We will carefully review the shareholders' proposals," the technology conglomerate said in a terse one-line statement, with its spokesmen declining any further comment.

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Iran, Vietnam Pledge $2 bn Trade Boost

Vietnam and Iran pledged Thursday to boost future trade to $2 billion, as Tehran seeks to jump-start its sputtering economy after crippling international sanctions were lifted this year. 

Iran's moderate President Hassan Rouhani, in Vietnam on a three-country swing through Southeast Asia, has come under fire from conservative critics who say the nuclear deal signed with world powers has failed to bring a hoped-for economic boom. 

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Trump Factory Jobs Sent to China May Never Come Back

US presidential candidate Donald Trump has pledged to bring long lost American manufacturing jobs back from China. But he may be too late -- even for products that bear his family name.

A Chinese company that makes shoes for his daughter's fashion line is moving production to Africa, where labour is much cheaper.

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Sri Lanka to Pay $115 Million for Canceling Planes

Sri Lanka's cash-strapped national carrier said Wednesday it will pay a penalty for canceling leases on four Airbus A350s, with official sources putting the figure at about $115 million.

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