Greek Bailout Talks: Uncertainty Prevails Ahead Of EU Finance Ministers’ Meeting
Eurozone ministers meet in Amsterdam Friday to review reforms in Greece, which will decide if funds will keep flowing to the troubled economy.
Ecuador Earthquake Update: Taxes To Be Hiked Temporarily To Fund Relief Work
As the South American country struggles to get back on its feet, a series of new short-term financial measures were announced to boost reconstruction efforts.
Yemen Peace Talks To Begin Thursday As Houthis Head For Kuwait After Delay
The U.N.-backed talks between Yemen’s government and the Houthi group were originally scheduled to start Monday.
Mexican President Enrique Peña Nieto Open To Legalizing Medical Marijuana
Enrique Peña Nieto made comments in favor of cannabis use for medical and scientific purposes during a speech Tuesday at the United Nations.
Steel Overcapacity: US, 7 Other Countries Call For Production Curbs
U.S. officials largely blamed an overcapacity in China, amid slowing domestic demand in the Asian powerhouse, for the crisis facing the global steel industry.
China Data Boosts Global Stock Markets Even As Crude Oil Prices Slip
All major stock indexes around the globe gained during Wednesday trade even as crude oil prices slipped again due to oversupply concerns.
Peabody Energy (BTU) Files For Chapter 11 Bankruptcy Protection For Most Of Its US Entities
The world’s largest privately owned coal producer had warned in March that it may seek bankruptcy protection after failing to make an interest payment.
University Of California, Berkeley, To Cut 500 Jobs Over 2 Years
The university chancellor had, in February, warned of the consequences of a budget deficit, estimated at about $150 million for the fiscal year.
South Korea Elections: President Park Geun-Hye Hopes To Consolidate Power
While economic worries are a major issue, security concerns — given North Korea’s recent provocations — could help the incumbent party increase its support base.
Oil Supports Global Stock Markets, China Lags On Domestic Concerns
Stronger commodity prices failed to offset domestic concerns over the stability of improvement of the real economy in China.
Alibaba (BABA) Acquires Lazada Controlling Stake For $1 Billion
The e-commerce platform operates in six countries and could help Jack Ma expand Alibaba’s market outside China.
Boeing (BA) Outpaces Airbus In Q1 Orders, Deliveries
Both the aviation giants are struggling to sell their large airplanes — the Airbus A380 and Boeing’s 747-8 — which are among the world’s biggest.
Nomura To Close Europe Equity Business, Cut American Jobs
Japan’s largest brokerage is also expected to announce job cuts in its operations in the Americas, including some in the United States.
Facebook (FB), Google (GOOGL), Twitter (TWTR), Yahoo (YHOO) Being Chased By Indonesia For Taxes
The Southeast Asian country is investigating Facebook, Google, Twitter and Yahoo over corporate back taxes of up to billions of dollars.
Volkswagen Sued By US Dealerships' Owner Over Diesel Emissions Scandal
The lawsuit, filed in Illinois Wednesday, seeks to become class action, representing all Volkswagen franchise dealers in the U.S.
American Tower Corp (AMT) Gets Approval For Viom Deal, To Invest $2 Billion More In India
The communications infrastructure company is reportedly expected to invest nearly $3 billion in one of the world's fastest growing markets for mobile devices.
Pfizer (PFE) Cancels Allergan (AGN) Merger Deal Amid US Tax Inversion Curbs
The $160 billion deal, announced last year, was canceled Wednesday after the U.S. Department of Treasury passed a new law to curb tax inversion deals.
Global Stock Markets Recover On Back Of Crude Oil Prices
Equity markets the world over had been hit hard Tuesday, but optimism over a prospective oil output freeze buoyed the markets Wednesday.
Half Of All World Heritage Sites Threatened By Industrial Activities: WWF
Half the World Heritage sites and 11 million people globally could be negatively affected by harmful industrial activities, according to a report by the conservation group.
Alibaba (BABA) Overtakes Walmart (WMT) As Largest Retailer By Gross Volume
The Chinese e-commerce giant headed by CEO Jack Ma also has plans to double its current online trading volume by 2020.
Obese Adults Outnumber Underweight People, Could Account For 20% Of Global Population By 2025: Study
The chances of meeting the World Health Organization’s goal of halting the global increase in obesity by 2025 is “virtually zero,” a new study said.
Fukushima Ice Wall Switched On, Hopes To Contain Radioactive Groundwater
The method attempts to contain contaminated groundwater from flowing to nearby areas and spreading nuclear radiation.
Uber CEO Travis Kalanick To Face Price-Fixing Antitrust Lawsuit, Judge Rules, As Uber’s Legal Woes Mount
An Uber passenger filed a complaint in December, alleging CEO Travis Kalanick conspired with drivers to fix high surge-pricing fares.
BlackBerry (BBRY) Q4 Earnings: Software And Services Business Boost EPS, Revenues Below Expectations
The Canadian smartphone manufacturer’s earnings suggest an improved ability to turn the company's fortunes around.
Tesla Model 3 Unveiled: World Gets First Glimpse Of The $35,000 Electric Car Elon Musk Has Planned For Years
Nearly a decade in the works and once code-named “Bluestar,” the Model 3 has finally been unveiled by Tesla.
Indian Media Industry Projected To Cross $34 Billion By 2020, Report Says
The media sector in Asia’s third-largest economy is expected to grow at an annual average of over 14 percent for the next five years, according to a report released Wednesday.
Dubai Airports To Tax All Departing Passengers To Fund Expansion
The service fee, announced Wednesday, will come into effect later this year and is meant to help improve the emirate’s airport infrastructure.
Lockheed Martin (LMT) To Sell Airships Worth $480M To Straightline Aviation
In a sign that the giant flying machines are making a comeback, Lockheed Martin has signed a letter of intent to supply 12 airships to a U.K. aviation services company for $480 million.
High-Tech Headlights Low On Safety, Study Of 31 Cars Shows
A study by an Arlington, Virginia, institute showed that most headlight options among 31 midsize cars had a lower than acceptable rating on its tests, while only one car was rated good.
Foxconn Buys Sharp Majority Stake For $3.4 Billion
The widely expected announcement came after weeks of dramatic negotiations that saw the deal value fall by a third from its original offer.