Business / World Business

Trump's Fed pick worries economists, rallies conservatives 29 Mar 2019 - 06:45 pm

WASHINGTON: President Donald Trump's latest pick to help lead the Federal Reserve has received a rocky reception - with top economists raising several...

Salesforce sued by 50 women trafficked on Backpage.com 28 Mar 2019 - 07:00 pm

NEW YORK: Fifty women and girls have sued the software firm Salesforce for designing tools that helped traffickers sell them for sex on...

Global database maps fashion factories to crack down on slavery 28 Mar 2019 - 06:35 pm

LONDON: A fashion data organisation aims to crack down on slavery and worker abuse by mapping every clothing and footwear factory in the...

Boost for Paris's Champs Elysees as Galeries Lafayette opens 'concept' store 28 Mar 2019 - 12:50 am

PARIS: High-end French department store Galeries Lafayette will open a new outlet on Paris's Champs Elysees this week, aiming to lure big-spending tourists...

Opinion: How the Reimanns can atone for their Nazi past 28 Mar 2019 - 12:50 am

There is no adequate remedy for the crimes the Reimanns, Germany’s second-wealthiest family, committed in the Nazi era. But it’s still worth trying...

Nissan committee says facts point to legal violations by former chairman Ghosn 28 Mar 2019 - 12:50 am

YOKOHAMA: An external committee reviewing governance at Nissan Motor Co said on Wednesday there were enough facts to suspect violations of laws and...

Luxury watchmakers plan for Brexit, cope with French protests 28 Mar 2019 - 12:50 am

Basel, Switzerland: Luxury watchmakers have joined the list of businesses implementing Brexit contingency plans by stockpiling inventory in Britain before it leaves the...

Tea label giants vow probe after Sri Lanka labour abuse expose 27 Mar 2019 - 11:05 pm

NUWARA ELIYA, Sri Lanka: Plantations in Sri Lanka that supply tea stamped slavery-free to top global companies are under investigation by ethical label...

Public concern over privacy pushes tech industry to change 27 Mar 2019 - 11:05 pm

TBILISI: Mounting public concern over data privacy is pushing tech giants to change their ways, industry experts said on Tuesday, a day after...

Ford closes 3 factories in Russia in broad overhaul 27 Mar 2019 - 02:50 pm

MOSCOW: Ford is closing three factories in Russia as it pulls out of passenger vehicle manufacturing in the country, causing heavy job losses....

Global investors 'wreaking havoc' on low-income renters, UN says 26 Mar 2019 - 08:09 pm

BANGKOK: Large investment firms are worsening global housing shortages by forcing vulnerable out of low-income homes and upgrading them for higher rents, said...

Millions of women still landless despite global push for equality 26 Mar 2019 - 08:09 pm

WASHINGTON: Millions of women worldwide are still unable to access and own land despite laws recognising their rights, researchers and campaigners said on...

Can bringing young and old under one roof solve the world's housing crisis? 26 Mar 2019 - 08:09 pm

BRUSSELS: Home sharing initiatives that link cash-strapped young people with elderly home owners are becoming popular with governments around the world as they...

'We won't cower in a corner': UK social entrepreneurs brace for Brexit 26 Mar 2019 - 07:06 pm

LONDON: Waved on marches, draped from railings or daubed on faces, flags are fluttering across Britain - a standoff between Union Jacks and...

From bitcoins to tomatoes: all change in Georgia after currency slump 26 Mar 2019 - 07:06 pm

TBILISI: After years spent farming money in his uncle's basement in Tbilisi, Georgian tech entrepreneur Shota Siradze turned over the dingy space to...

Poor lose out as rich countries link aid with trade: think-tank 26 Mar 2019 - 07:05 pm

LONDON: Rich countries are using their aid budgets to promote their own national interests rather than focusing on helping people in poor countries,...