SpaceX Lands Falcon 9 Rocket At Sea Successfully For Second Time
In another boost to Elon Musk’s space technology ambitions, the Falcon 9 rocket will also put a Japanese satellite in orbit.
China’s Porn Crackdown: Domestic Cloud Services The Latest Victim
Several domestic cloud services have been shut down, or have announced closure, in China for allegedly allowing storage of pornographic and pirated content.
Turkey PM Ahmet Davutoğlu A Casualty Of President Erdoğan’s Power Consolidation
The move comes amid tensions between Davutoğlu and President Recep Tayyip Erdoğan, who has been trying to increase his power.
North Korea Workers’ Party Congress: Reclusive Nation’s Top Meeting To Start Friday
The once-in-decades meeting of the country’s leadership has raised concerns about the possibility of another nuclear test as a show of strength.
China To Invest About $12 Billion In Civil Aviation In 2016
The investment will be used to improve infrastructure, particularly through construction of new airports, in the world’s most populous country.
UK Elections: Scotland May Hold Another Independence Referendum If Nationalists Win
On Thursday, London will vote for a new mayor and the Scots for their Parliament, while Wales and Northern Ireland will elect members to their local assemblies.
EU Court Upholds Tough Tobacco Law On Packaging, Flavors, E-Cigarettes
The decision Wednesday by the Court of Justice of the European Union is a blow to companies like Philip Morris International, some member countries, as well as e-cigarette makers.
AXA To Sell UK Life And Savings Platform ‘Elevate’ To Standard Life
The French insurer is hoping to sell all of its life and savings business in the United Kingdom for a total of about $945 million.
Aéropostale (AROP) Files For Chapter 11 Bankruptcy Protection
The New York company joins a list of other high-profile retail businesses that have also filed for Chapter 11 protection in the last few months.
Philips Plans IPO For Lighting Business
The Dutch company has long been trying to spin off the lighting unit to focus on its health technology business.
China PMI Growth Slows In April But Economy Still Expanding
Both manufacturing and non-manufacturing sectors in the world’s second-largest economy slowed down from March, but the economy was still growing.
Large Hadron Collider Goes Offline After Critter Chews Up Power Cable
A furry critter, identified as a marten, entered a 66 kilovolt transformer and chewed through a power cable that caused an “electrical perturbation” at the particle smasher.
Japan’s JAXA Abandons Hitomi, Its X-Ray Satellite That Went Incommunicado
Hitomi, also known as ASTRO-H, was launched on Feb. 17 with the objective of studying supermassive black holes, neutron stars and galaxy clusters.
Valeant Pharma (VRX) To Revamp Board, Replace CEO
The Canadian specialty drugs company has been under scrutiny by regulators and politicians in the U.S. for sharply increasing prices of its drugs.
Abbott (ABT) To Acquire St. Jude Medical (STJ) For $25 Billion
The stock-and-cash deal will strengthen Abbott’s position in the market for medical devices used to treat cardiovascular diseases.
Sanofi Makes Unsolicited $9.3 Billion Bid For Medivation (MDVN)
The French pharmaceutical multinational made an offer for the U.S. drugmaker in an effort to expand its cancer-treatment business.
China’s HNA To Buy Carlson’s Hotel Business, Including Radisson
The tourism unit of the Chinese conglomerate will acquire all hotels operated by Carlson Rezidor, including the Radisson brand and the Club Carlson hotel rewards program.
US Q1 GDP Growth Rate Expected To Slow On Back Of Lower Inventory, Business Spending
The growth of the U.S. economy during the first quarter was affected by a dollar rally, weaker business investments and reduced inventories.
India’s Supreme Court Wants To Know If Condom Ads Are Too Sexy, Obscene
A long-running case has reached the country’s highest court, which has sought the government’s views on whether the images breach obscenity laws.
Turkey PM Ahmet Davutoğlu Says New Constitution Will Guarantee Secularism
Prime Minister Ahmet Davutoğlu reassured the country Wednesday after earlier comments by the Parliament’s speaker, calling for a religious constitution, caused a public uproar.
Libya’s Rebel Government’s First Crude Oil Shipment Runs Into Trouble In Malta
The ship, reportedly destined for a buyer in the United Arab Emirates, was barred entry by Malta and is currently anchored in international waters off the Mediterranean island.
Venezuela Power Cuts: 2-Day Work Week For Government Employees To Save Electricity
The South American nation is struggling with a deepening energy crisis while its economy reels under the impact of sustained low crude oil prices.
Global Stock Markets, Boosted By Earnings, Remain Wary Ahead Of Central Bank Meetings
Investors are still treading cautiously ahead of meetings of the U.S. Federal Reserve Wednesday and the Bank of Japan Thursday.
Volkswagen (VOW) Overtakes Toyota In Q1 Car Sales For Global Top Spot
The German automaker displaced Toyota from the top spot in the first quarter of 2016 despite the emissions scandal that broke in September.
BP (BP) Reports Q1 Net Loss Of $485 Million, Down From $2.1 Billion Profit A Year Ago
In the first quarter, the British oil giant reported a net loss of $485 million, beating analysts’ estimates significantly.
Alibaba (BABA) Finance Affiliate Ant Financial Raises Record $4.5 Billion Funding
The new round of funding for the financial affiliate of e-commerce giant Alibaba Group is the single biggest private funding for an internet business.
England Junior Doctors Strike: Hospitals Brace For First Day Of All-Out Service Disruption
The doctors are protesting against the imposition of new contracts that would turn Britain’s National Health Service into a seven-day a week service.
Bombardier (BBD.B) To Set Up New Airline In Iran? Tehran Says Yes, Company Says No
The Canadian aviation giant reportedly discussed setting up an airline in Qeshm Free Zone on an island in southern Iran during a meeting with local officials.
Obama To Push EU Trade Deal In Meeting With European Leaders
The U.S. president will discuss issues including the Syrian civil war and terrorism, in a meeting in Germany on Monday.
China Moves To Cut Steel Overcapacity Days After US, Other Countries Asked For Production Curbs
Regulators in the world’s second-largest economy have issued new guidelines for its banks to limit lending to steel and coal companies.