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Apple hires two top TV executives from Sony Pictures Apple hires two top TV executives from Sony Pictures

Apple Inc said on Friday it hired co-presidents of Sony Pictures Television, Jamie Erlicht and Zack Van Amburg, to lead its video programming efforts.

Amazon to buy Whole Foods Market for $13.7 bn

Amazon reached an agreement to acquire upscale US grocer Whole Foods Market for $13.7 billion, including debt, the companies announced Friday.

Air bag maker Takata to file for bankruptcy this month: Sources Air bag maker Takata to file for bankruptcy this month: Sources

Takata, one of the world`s biggest automotive suppliers, has been working for months to complete a deal with Key Safety.

Angry Birds maker Rovio says IPO possible in future Angry Birds maker Rovio says IPO possible in future

Finnish mobile game and animation studio Rovio, maker of the Angry Birds game, said it could list on the stock exchange in the future, while declining comment on a media report that China`s Tencent Holdings was looking to acquire the company.

European Union scraps mobile phone roaming charges

The European Union (EU) has enacted a legislation ending roaming fees for mobile phone users across the 27-member bloc.

Amazon CEO Bezos asks Twitter followers how to donate his money

The request signalled a shift for Bezos, who has invested in longer-term bets like space exploration and kept quieter about other givings.

Oil sits near half-year lows as global supply overhang weighs Oil sits near half-year lows as global supply overhang weighs

Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.

Oil hits 6-week low as OPEC fails to curb oversupply Oil hits 6-week low as OPEC fails to curb oversupply

Brent crude oil fell 30 cents to USD 46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little to trade around USD 46.90 by 0945 GMT.

US Fed raises rates, unveils balance sheet cuts in sign of confidence US Fed raises rates, unveils balance sheet cuts in sign of confidence

The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing US economy and strengthening job market.

US Fed hikes key rate to 1.0-1.25%, gives details on balance sheet reduction US Fed hikes key rate to 1.0-1.25%, gives details on balance sheet reduction

The Federal Reserve raised interest rates on Wednesday for the second time in three months, citing continued U.S. economic growth and job market strength, and announced it would begin cutting its holdings of bonds and other securities this year.

IMF raises China 2017 growth forecast again, partly due to 'policy support' IMF raises China 2017 growth forecast again, partly due to 'policy support'

The International Monetary Fund on Wednesday raised its forecast for China`s 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment".

Uber director David Bonderman resigns from board following comment about women Uber director David Bonderman resigns from board following comment about women

Uber Technologies Inc director David Bonderman said on Tuesday that he has resigned from the company`s board following a remark he made during an Uber staff meeting that was widely seen as offensive to women.

Uber CEO takes leave of absence amid sweeping changes after scandals Uber CEO takes leave of absence amid sweeping changes after scandals

Uber Technologies Inc Chief Executive Officer Travis Kalanick told employees on Tuesday he will take time away from the company he helped to found, one of a series of measures the ride-hailing company is taking to claw its way out from under a mountain of controversies.

US oil output hampering market rebalancing: OPEC

Increased oil production in the United States is hampering efforts to balance out market supply and demand, OPEC said on Tuesday.

Pakistan's trade deficit widens to record $30 billion

Pakistans trade deficit has increased by 42 per cent year-on-year to a record high of $30 billion in the first 11 months of the current fiscal year due to falling exports and a sharp increase in the import bill.

Jeff Immelt to depart as GE names new chief executive

General Electric has announced a leadership shakeup as it faces scrutiny after a corporate makeover executed by outgoing chief Jeff Immelt in the wake of the 2008 financial crisis failed to ignite strong growth.

Toshiba faces fresh lawsuit, plans provision for year ended March

Toshiba said in a statement that it plans to book an additional provision for the year ended March for the lawsuit.

GE begins testing drones to inspect refineries, factories

General Electric Co has begun testing autonomous drones and robotic "crawlers" to inspect refineries, factories, railroads and other industrial equipment with an eye on capturing a bigger slice of the $40 billion companies around the globe spend annually on inspections.

Inflation fizzle may once again leave Fed rate path in doubt Inflation fizzle may once again leave Fed rate path in doubt

The Federal Reserve will probably express its confidence inflation will climb towards its 2 percent target when it meets this week and delivers a widely expected rate rise, but such assurances are a poor indicator of the Fed`s future policy.

Narendra Modi's new India vision to help US job creation, says Sean Spicer Narendra Modi's new India vision to help US job creation, says Sean Spicer

Prime Minister Narendra Modi`s "vision for a new India" will also help create jobs in the US, President Donald Trump`s Press Secretary Sean Spicer said while announcing Modi`s White House visit scheduled for June 26.