International Business News

Singapore Airlines to launch world's longest commercial flight in October

Singapore Airlines to launch world's longest commercial flight in October

Singapore Airlines is Airbus` first and to date only customer for the A350-900ULR, an ultra-long range version of the fuel-efficient twin-engine A350 jet.

May 30, 2018, 11:46 AM IST
Global shares fall on Italian turmoil, euro near 6-1/2 month lows

Global shares fall on Italian turmoil, euro near 6-1/2 month lows

FTSE futures slipped 0.5 percent while Eurostoxx 50 futures eased 0.1 percent.

May 29, 2018, 11:56 AM IST
Oil prices slump as OPEC and Russia consider output boost

Oil prices slump as OPEC and Russia consider output boost

Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel. 

May 26, 2018, 09:02 AM IST
Facebook, Twitter introduce new guidelines for political ads

Facebook, Twitter introduce new guidelines for political ads

Facebook has begun labelling all political and issue ads, including a "Paid for by" disclosure from the advertiser at the top of the advertisement.

May 25, 2018, 17:58 PM IST
Samsung must pay Apple $539 million in patent lawsuit: US court

Samsung must pay Apple $539 million in patent lawsuit: US court

Under the US patent law, infringement of a design patent can result in a plaintiff receiving total profits made through the product.

May 25, 2018, 10:38 AM IST
Facebook refuses to compensate users over misuse of personal data by Cambridge Analytica

Facebook refuses to compensate users over misuse of personal data by Cambridge Analytica

Cambridge Analytica used the data of millions of Facebook users to target ads during political campaigns, including the US presidential vote. 

May 25, 2018, 07:04 AM IST
Lenovo posts biggest loss since 2009, high costs overshadow revenue growth

Lenovo posts biggest loss since 2009, high costs overshadow revenue growth

The company, which lost the world`s largest PC maker crown to HP Inc in 2017, has seen its core PC business suffer from a shrinking market globally, while its smartphone business struggles to stay

May 24, 2018, 13:27 PM IST
Foxconn unit aims to raise $4.3 billion in biggest China IPO since 2015

Foxconn unit aims to raise $4.3 billion in biggest China IPO since 2015

With 10 percent of its enlarged capital offered in the IPO, Foxconn Industrial Internet would have a valuation of 271.3 billion yuan ($42.62 billion) at listing.

May 23, 2018, 10:26 AM IST
Adobe to buy Magento Commerce for $1.68 billion

Adobe to buy Magento Commerce for $1.68 billion

Shares of Adobe rose about 1 percent in extended trading after the Photoshop maker also said it would buy back up to $8 billion of shares through its fiscal year 2021.

May 22, 2018, 14:01 PM IST
As bitcoin world wobbles, mining rig company plans $2 billion IPO

As bitcoin world wobbles, mining rig company plans $2 billion IPO

Canaan is expected to present itself to investors not so much as a bitcoin company, but as a chip designer focused on developing other markets in artificial intelligence and blockchain, the

May 22, 2018, 12:22 PM IST
Sony buys EMI Music Publishing in $1.9 bn deal

Sony buys EMI Music Publishing in $1.9 bn deal

Sony signed a deal with Abu Dhabi-based investment firm Mubadala to buy its 60 percent holding in EMI, giving the Japanese firm an indirect stake of approximately 90 percent, Sony said in a statement

May 22, 2018, 12:20 PM IST
Apple pays $1.77 bn of total $15 bn tax fine to Ireland

Apple pays $1.77 bn of total $15 bn tax fine to Ireland

In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014.

May 21, 2018, 12:11 PM IST
US, China putting trade war on hold, Treasury's Mnuchin says

US, China putting trade war on hold, Treasury's Mnuchin says

Tension between the two sides has been growing since the Trump administration proposed tariffs of $50 billion on Chinese goods and said it might extend the levies to an additional $150 billion. China

May 21, 2018, 10:09 AM IST
China denies it offered package to slash US trade gap by $200 billion

China denies it offered package to slash US trade gap by $200 billion

Earlier on Friday, China announced that it was ending its sorghum investigation, which had effectively halted a trade worth roughly $1.1 billion last year.

May 18, 2018, 14:10 PM IST
Cambridge Analytica files for Chapter 7 bankruptcy

Cambridge Analytica files for Chapter 7 bankruptcy

Cambridge Analytica LLC listed assets in the range of $100,001 to $500,000 and liabilities in the range of $1 million to $10 million.

May 18, 2018, 12:44 PM IST
Oil hits highest since Nov 2014 as Brent edges closer to $80

Oil hits highest since Nov 2014 as Brent edges closer to $80

They earlier touched their highest in more than 3-1/2 years at $79.49 a barrel.

May 17, 2018, 12:59 PM IST
Donald Trump earned some income from real estate ventures in India in 2016

Donald Trump earned some income from real estate ventures in India in 2016

Trump submitted his discloser on Tuesday.

May 17, 2018, 12:45 PM IST
Former RBI governor Raghuram Rajan says won't apply for top BoE job

Former RBI governor Raghuram Rajan says won't apply for top BoE job

Rajan has been mentioned by analysts as a possible future BoE governor after Mark Carney - who previously headed Canada`s central bank - steps down at the end of June 2019.

May 17, 2018, 10:46 AM IST
Google employees resigning over controversial drone programme

Google employees resigning over controversial drone programme

Some of the employees are not at ease with this project.

May 16, 2018, 10:17 AM IST
Samsung in talks with ZTE, others to supply mobile processor chips

Samsung in talks with ZTE, others to supply mobile processor chips

The South Korean tech giant generates the bulk of its profit from its bread and butter memory chips and has been beefing up development of logic chips such as mobile processors, image sensors and

May 15, 2018, 17:59 PM IST

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