Business / World Business

Amazon revenue beats estimates as cloud sales surge 29 Jul 2016 - 02:03 am

An Amazon Fire tablet is displayed during a media event in San Francisco California, September 16, 2015. Reuters / Beck Diefenbach Amazon.com Inc...

Analysis: EU leniency for Spain, Portugal signals softer economic path 29 Jul 2016 - 12:00 am

Portuguese president Marcelo Rebelo de Sousa makes a statement after the European Commission decided not to sanction Portugal, at Belem Palace in Lisbon...

Nobel economist Joseph Stiglitz calls Apple’s profit reporting in Ireland ‘a fraud’ 29 Jul 2016 - 12:00 am

“Our current tax system encourages companies to keep their money abroad, opens up a vast loophole through what is called the transfer-pricing system...

Analysis: The identity crisis that led to Yahoo’s demise 28 Jul 2016 - 06:41 pm

A Yahoo logo is pictured in front of a building in Rolle, 30 km east of Geneva, in this file picture taken December...

Boeing says it could end 747 production 28 Jul 2016 - 03:55 pm

A Boeing 737 aircraft is seen during the manufacturing process at Boeing's 737 airplane factory in Renton, Washington May 19, 2015. (REUTERS/SAUL LOEB) ...

Lloyds plans 3,000 jobs cull, fresh branch closures after Brexit shock 28 Jul 2016 - 09:47 am

(Reuters) By Andrew MacAskill and Lawrence White LONDON: Lloyds Banking Group said on Thursday it would accelerate its cost cutting plan to help...

British economy picked up speed in second quarter ahead of Brexit vote 27 Jul 2016 - 12:35 pm

A row of houses are seen in London, Britain June 3, 2015. (REUTERS/Suzanne Plunkett/File Photo) By Andy Bruce and Ana Nicolaci da Costa...

Apple quarterly profit slides 27 pct to $7.8 bn 27 Jul 2016 - 12:09 am

The new iPhone SE is displayed during an Apple special event at the Apple headquarters on March 21, 2016 in Cupertino California. Justin...

Twitter dives after update disappoints 27 Jul 2016 - 12:08 am

San Francisco:Twitter shares took a fresh hit Tuesday after its quarter update showing more losses, and sluggish growth in revenues and the user...

BP pursues new projects despite $1.4bn loss in second quarter 27 Jul 2016 - 12:00 am

LONDON: BP will forge ahead with at least three more new projects this year, its CEO said, despite the British oil major reporting...

JetBlue orders 30 Airbus jets as steps up premium 26 Jul 2016 - 04:58 pm

Jet Blue (Reuters) Paris: Jet Blue ordered Tuesday another 30 medium-haul A321 aircraft that carry a catalogue price of $3.6 billion as the...

Mayer's experience, star power failed to revive Yahoo 25 Jul 2016 - 06:58 pm

Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show in Las Vegas, Nevada, January 7, 2014. REUTERS /...

Verizon to buy Yahoo's core business for $4.8 bln in digital ad push 25 Jul 2016 - 06:11 pm

Yahoo! logo on a screen. (AFP / GETTY IMAGES NORTH AMERICA / Ethan Miller) By Malathi Nayak NEW YORK: Verizon Communications Inc said...

Verizon Said to Announce $4.8 Billion Yahoo Takeover Monday 25 Jul 2016 - 12:00 am

Verizon Communications Inc. will announce its plans to buy Yahoo! Inc. for about $4.8 billion on Monday, according to a person with direct...

UK warns of Brexit 'shadow' on world economy 25 Jul 2016 - 12:00 am

Speaking on the sidelines of the G20 meeting of leading world economies in Chengdu, China, Britain's finance minister Philip Hammond told Sky that...

Brexit casts shadow over eurozone growth outlook: ECB survey 22 Jul 2016 - 11:19 am

Frankfurt: Britain's vote to leave the European Union will weigh on the outlook for growth in the euro area next year and the...

China’s WeChat takes on WhatsApp in Africa 22 Jul 2016 - 08:57 am

WhatsApp used more widely than WeChat Facebook yet to leverage WhatsApp’s popularity to make money WeChat almost unknown in some part of Africa...

VMH considers creative director change at Louis Vuitton 21 Jul 2016 - 12:00 am

French designer Nicolas Ghesquiere appears at the end of his Fall/Winter 2016/2017 women's ready-to-wear collection show for Louis Vuitton in Paris, France, March...