Business / World Business

Huawei unveils iPhone X challenger as US criticism piles up 29 Mar 2018 - 12:01 am

Huawei Technologies Co. introduced its challenger to Apple Inc.’s iPhone X and Samsung Electronics Co.’s Galaxy S9, amid the company’s fallout with U.S....

Trump hotel business fails to undo Panama coup 28 Mar 2018 - 10:56 pm

WASHINGTON: President Donald Trump's family hotel business has lost a bid to regain control of the luxury hotel in Panama that ousted his...

Samsung, Fujitsu pick France for new artificial intelligence research centres 28 Mar 2018 - 10:34 pm

Paris: South Korean giant Samsung said Wednesday it will set up its third-biggest research centre for artificial intelligence in France. The announcement was...

America's truckers haul in bigger pay amid tight labor market 28 Mar 2018 - 07:21 pm

Wages are on the move for America’s truckers as the freight transportation industry contends with driver shortages and increased demand for shipping services....

A recent study by the American Trucking Associations of more than 100,000 employees and contractors showed the median salary of a U.S. truckload driver increased about 15 percent to $53,000 from 2013 to 2017. (AFP Photo / Filippo Monteforte)

Court orders suspension of Uber services in Slovakia 27 Mar 2018 - 08:47 pm

BRATISLAVA: A Slovak court has ordered Uber to suspend its operations in the country, a court spokesman said on Tuesday, responding to an...

Grab vanquishes Uber with local strategy, billions from SoftBank 26 Mar 2018 - 11:35 pm

As Uber Technologies Inc. looked to conquer ride-sharing around the world, Grab was focused on serving the 620 million people that share its...

Uber to sell Southeast Asia business to rival Grab 25 Mar 2018 - 07:23 pm

SINGAPORE: Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, a source with direct...

Facebook crisis prompts Silicon Valley soul-searching 24 Mar 2018 - 01:25 pm

San Francisco: With Facebook mired in its worst-ever crisis, the rest of Silicon Valley is looking to come to terms with the dark...

Wayne Huizenga, who built his fortune from trash, dies at 80 23 Mar 2018 - 06:12 pm

MIAMI: H. Wayne Huizenga, a college dropout who built a business empire that included Blockbuster Entertainment, AutoNation and three professional sports franchises, has...

Chemical companies fear toxic consequences of Brexit 23 Mar 2018 - 06:06 pm

KNUTSFORD: Julian Sarkar has spent more than 10 years and around 600,000 euros ($740,000) making his small British company compliant with strict European...

World's biggest cryptocurrency exchange Binance is heading to Malta from Hong Kong 23 Mar 2018 - 05:50 pm

Binance, the world’s largest cryptocurrency exchange by traded value, is seeking a fresh start in the Mediterranean. The company, founded last year in...

Can Zuckerberg's media blitz take the pressure off Facebook? 22 Mar 2018 - 09:29 pm

NEW YORK: In the wake of a privacy scandal involving a Trump-connected data-mining firm, Facebook CEO Mark Zuckerberg embarked on a rare media...

Toyota suspends self-driving car tests after Uber death 22 Mar 2018 - 07:33 am

Tokyo, Japanese automaker Toyota said Thursday it was suspending tests of its self-driving cars so staff could "emotionally process" after an autonomous Uber...

Tesla’s Elon Musk probably won't move to mars after $2.6 billion pay approved 21 Mar 2018 - 11:36 pm

Here’s what Tesla Inc. shareholders just bought for $2.6 billion: a stronger guarantee that Elon Musk will stick around for at least the...

Facebook's Zuckerberg to break silence as global scrutiny grows 21 Mar 2018 - 09:38 pm

Facebook Inc. CEO Mark Zuckerberg is planning to break days of silence about his company’s mounting crisis as governments around the world question...

Nestle provides lifeline for struggling Kenyan coffee farmers 21 Mar 2018 - 01:48 pm

KIRINYAGA, Kenya: When Nestle executive Stephan Canz attended the German school in Nairobi in the early 1980s, it was surrounded by lush coffee...

G-20 offensive against US trade policy fails to sway Mnuchin 20 Mar 2018 - 10:48 pm

Finance ministers from the world’s largest economies struggled to block President Donald Trump’s push to erect trade barriers that many warned threaten to...

G20 ministers call for 'further dialogue and actions' on trade 20 Mar 2018 - 10:48 pm

BUENOS AIRES: The world's financial leaders on Tuesday reaffirmed their commitment to fighting protectionism but called for "further dialogue and actions" on trade,...