International Business News

Alibaba co-founder Jack Ma to retire, focus on philanthropy

Alibaba co-founder Jack Ma to retire, focus on philanthropy

Jack Ma's rags to riches story has inspired many around the world. The billionaire now feels it is time for him to actively give back to society at large.

Sep 08, 2018, 07:20 AM IST
Iran to handover strategic Chabahar port to Indian firm in a month

Iran to handover strategic Chabahar port to Indian firm in a month

The Chabahar port in the Sistan-Balochistan province in the energy-rich nation's southern coast is easily accessible from India's western coast and is increasingly seen as a counter to Pakistan's

Sep 07, 2018, 09:37 AM IST
Coca Cola gets a caffeine high, dives into coffee business with eye on Starbucks

Coca Cola gets a caffeine high, dives into coffee business with eye on Starbucks

Coca Cola has paid big bucks to buy coffee chain Costa in a bid to increase presence in healthy beverage segment.

Aug 31, 2018, 19:05 PM IST
China looking at developing low-energy consuming superconducting computers

China looking at developing low-energy consuming superconducting computers

Predicting a massive surge in global demand for electricity, Chinese scientists have reportedly begun exploring the prospect of extremely energy-efficient computers.

Aug 27, 2018, 10:35 AM IST
US-China trade war escalates as new tariffs kick in

US-China trade war escalates as new tariffs kick in

The world`s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of products since early July.

Aug 23, 2018, 11:49 AM IST
PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream deal

PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream deal

Founded in Britain in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s.

Aug 20, 2018, 18:47 PM IST
Google employees demand more oversight of China search engine plan

Google employees demand more oversight of China search engine plan

Chief Executive Sundar Pichai told staff that though development is in an early stage, providing more services in the world`s most populous country fits with Google`s global mission.

Aug 17, 2018, 12:45 PM IST
Wary of US sanctions, Iran offers oil to India at rates cheapest in 14 years

Wary of US sanctions, Iran offers oil to India at rates cheapest in 14 years

Reports suggest India imported a record 700,000 barrels from Iran each day.

Aug 14, 2018, 21:28 PM IST
Turkish lira pulls back from record low, markets rattled

Turkish lira pulls back from record low, markets rattled

The currency has lost more than 40 percent against the dollar this year, largely over worries about President Tayyip Erdogan`s influence over the economy, his repeated calls for lower interest rates

Aug 13, 2018, 16:31 PM IST
Chinese exports accelerate even as Trump escalates trade war

Chinese exports accelerate even as Trump escalates trade war

Washington is set to begin collecting 25 percent tariffs on another $16 billion in Chinese goods on August 23.

Aug 08, 2018, 18:08 PM IST
PepsiCo's Indra Nooyi to step down as CEO

PepsiCo's Indra Nooyi to step down as CEO

PepsiCo President Ramon Laguarta will replace Nooyi.

Aug 06, 2018, 16:51 PM IST
India now 3rd Asian country to get STA-1 status from US, high-tech product sales to get easier

India now 3rd Asian country to get STA-1 status from US, high-tech product sales to get easier

High-technology product sales, particularly in civil space and defense sector, to become easier as US makes an exception for India despite New Delhi not yet signing NPT.

Aug 04, 2018, 09:19 AM IST
Bank of England raises rates above crisis lows, signals no rush for next hike

Bank of England raises rates above crisis lows, signals no rush for next hike

he BoE`s nine rate-setters were unexpectedly unanimous in their vote to raise rates to 0.75 from 0.50 percent.

Aug 02, 2018, 18:58 PM IST
With record $53.3 billion revenue, Apple eyes $1-trillion mark

With record $53.3 billion revenue, Apple eyes $1-trillion mark

Apple reported net income of $11.5 billion and operating cash flow of $14.5 billion.

Aug 01, 2018, 09:52 AM IST
Agarwal makes firm offer to delist Vedanta from London Stock Exchange

Agarwal makes firm offer to delist Vedanta from London Stock Exchange

In addition, the shareholders will be entitled to receive the dividend of USD 0.41 per share in respect of the 12 months ended March 31, 2018.

Jul 31, 2018, 16:49 PM IST
Iran currency extends record fall as US sanctions loom

Iran currency extends record fall as US sanctions loom

In May the United States pulled out of a 2015 deal between world powers and Tehran under which international sanctions on Iran were lifted in return for curbs on its nuclear programme.

Jul 30, 2018, 13:15 PM IST
Samsung Securities CEO resigns after $105 billion stock blunder

Samsung Securities CEO resigns after $105 billion stock blunder

Koo’s departure came a day after South Korea’s financial watchdog handed down a six month partial suspension of the brokerage’s operations and suspended its chief from his duties for three months

Jul 27, 2018, 17:54 PM IST
Mark Zuckerberg lost nearly $17 billion in under two hours – Here's why

Mark Zuckerberg lost nearly $17 billion in under two hours – Here's why

The plummeting stock price of wiped out about $150 billion in Facebook's market capitalization in under two hours.

Jul 26, 2018, 11:02 AM IST
Atos to buy Syntel for about $3.57 billion

Atos to buy Syntel for about $3.57 billion

Syntel generated revenues of $924 million in 2017, of which 89 percent was in North America.

Jul 23, 2018, 09:53 AM IST
Google hit with record $5 billion EU antitrust fine

Google hit with record $5 billion EU antitrust fine

The EU antitrust enforcer has charged Google with using its dominant Android to marginalise rivals following a three-year-long investigation.

Jul 18, 2018, 14:37 PM IST

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