Business / World Business

German carmakers to recall 630,000 cars to fix emissions - govt official 22 Apr 2016 - 04:37 pm

BERLIN: German car manufacturers will recall 630,000 Porsche, Volkswagen Opel, Audi and Mercedes vehicles to fix diesel emissions management software, a German government...

More major carmakers caught in headlights of VW engine-rigging scandal 22 Apr 2016 - 03:36 pm

Frankfurt: Major names in the auto industry found themselves caught in headlights of a global engine-rigging scandal on Friday as Volkswagen totted up...

As Microsoft soars on cloud, PC partner Intel seeks lift off 22 Apr 2016 - 12:00 am

A Microsoft logo is seen on an office building in New York City July 28, 2015. REUTERS / Mike Segar SAN FRANCISCO: Microsoft...

American Rail Road's Revenue Decline 14% 21 Apr 2016 - 05:48 pm

Nebraska: Union Pacific's first-quarter profit fell 15% year-on-year as low energy and commodity prices continued to be a drag on American rail roads. ...

Portugal’s goverment approves long-term budget plan, sees lower deficit 21 Apr 2016 - 05:45 pm

A woman begs for money near ATM machines at a Novo Banco branch in downtown Lisbon, Portugal, April 21, 2016. REUTERS/Rafael Marchante By...

Coke's namesake soda sees declines in key countries 21 Apr 2016 - 05:28 pm

ATLANTA: Coca-Cola saw the popularity of its namesake sodas decline in key markets around the world during the first quarter. The world's biggest...

UK unveils financial support plan for Tata Steel buyer 21 Apr 2016 - 05:20 pm

A company logo is seen outside the Tata steelworks near Rotherham in Britain, March 30, 2016. REUTERS/Phil Noble/Files London: The British government on...

Alibaba's Ma pledges not to interfere in SCMP editorial independence 21 Apr 2016 - 10:31 am

Alibaba Executive Chairman Jack Ma attends the opening ceremony of the second annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province,...

Japan officials raid Mitsubishi office after data scandal 21 Apr 2016 - 08:26 am

Transport ministry officials arrive at Mitsubishi Motors Corp's plant for an on-site inspection after the company admitted to manipulating test data to overstate...

These are the highest-paying companies in the US 21 Apr 2016 - 12:00 am

By Julie Verhage Making six figures a year is still a lot easier if you work at a technology or consulting company than...

US stocks flat as Intel cuts 12,000 jobs 20 Apr 2016 - 04:33 pm

New York: Shares of chipmaker Intel edged up Wednesday after it announced plans to cut 12,000 jobs, while US stocks opened little changed...

McDonald's testing bigger, smaller Big Macs 20 Apr 2016 - 02:15 pm

NEW YORK: McDonald's is testing bigger and smaller versions of its Big Mac as the world's biggest hamburger chain pushes to revive its...

INTERVIEW-Ukraine central bank gets tough with owners of private banks 20 Apr 2016 - 02:08 pm

Kateryna Rozhkova By Natalia Zinets KIEV: Ukraine will closely track assets belonging to owners of banks to stop the offering of sweetheart loans...

Automaker Mitsubishi admits falsifying fuel-efficiency tests 20 Apr 2016 - 01:21 pm

Mitsubishi Motors Corp's President Tetsuro Aikawa bows as he leaves a news conference to brief about issues of misconduct in fuel economy tests...

Automaker Mitsubishi dives 15% on faulty emission tests 20 Apr 2016 - 09:59 am

Mitsubishi Motors logo on a steering wheel of the company's car at a showroom in Tokyo November 2013. REUTERS/Issei Kato/File Photo Tokyo: Mitsubishi...

Australia to defer decision on China land deal until after election 20 Apr 2016 - 08:45 am

File picture for representation only. By Colin Packham SYDNEY: The Australian government is deferring until after an upcoming federal election a politically sensitive...

UnitedHealth Group to exit Affordable Care exchanges in all but a 'handful' of states 19 Apr 2016 - 06:33 pm

Source: UnitedHealth UnitedHealth, the nation's biggest health insurer, will cut its participation in public health insurance exchanges to only a handful of states...

Verizon a leading contender to buy Yahoo 19 Apr 2016 - 02:45 pm

Yahoo CEO Marissa Mayer. REUTERS/Robert Galbraith San Francisco: US telecoms giant Verizon has emerged as a leading contender to take over struggling Internet...