International Business News

US public debt at record high above $22 trillion

US public debt at record high above $22 trillion

The amount of the debt as of February 11 was quoted in a daily statement by the department on Tuesday.

Feb 13, 2019, 09:20 AM IST
Under pressure of $1.14 billion in debt, Jet grounds 4 aircraft

Under pressure of $1.14 billion in debt, Jet grounds 4 aircraft

Saddled with debt of about $1.14 billion, Jet Airways has been hit by price competition, rupee depreciation and high oil costs.

Feb 08, 2019, 09:22 AM IST
Twitter revenue hits $909 million in Q4

Twitter revenue hits $909 million in Q4

The 2018 revenue rose 25 percent year on year to exceed $3 billion, while its net income was $1.2 billion, compared with a net loss of $108 million in the previous year.

Feb 08, 2019, 09:14 AM IST
Cognizant reports net income of $648 million in Q4, appoints new CEO

Cognizant reports net income of $648 million in Q4, appoints new CEO

Brian Humphries will take charge from April 1.

Feb 06, 2019, 18:23 PM IST
Crypto CEO, the only person with password to access millions in cryptocurrencies, dies in India

Crypto CEO, the only person with password to access millions in cryptocurrencies, dies in India

Gerald Cotten died aged 30 from complications with Crohn`s disease while volunteering at an orphanage in India.

Feb 06, 2019, 12:40 PM IST
Panasonic posts 19% drop in third-quarter profit, lowers full-year outlook

Panasonic posts 19% drop in third-quarter profit, lowers full-year outlook

Panasonic cut its operating profit forecast for the year ending March to 385 billion yen from 425 billion yen.

Feb 04, 2019, 12:44 PM IST
Apple sees sales largely below Wall Street as iPhone demand weak

Apple sees sales largely below Wall Street as iPhone demand weak

Apple said it expects revenue between $55 billion and $59 billion for the current quarter ending in March.

Jan 30, 2019, 10:59 AM IST
Carlos Ghosn resigns from Renault,  board meet to replace him

Carlos Ghosn resigns from Renault, board meet to replace him

Ghosn was arrested in Japan for alleged financial misconduct.

Jan 24, 2019, 14:04 PM IST
BOJ keeps policy steady, cuts inflation forecast

BOJ keeps policy steady, cuts inflation forecast

The central bank also left unchanged its forward guidance, adopted in July, that pledges to keep interest rates extremely low for an extended period.

Jan 23, 2019, 09:23 AM IST
As China’s economy slows down, Xi Jinping says ‘be ready to deal with risks’

As China’s economy slows down, Xi Jinping says ‘be ready to deal with risks’

Take all the necessary precautionary steps and be vigilant about any risks that could jeopardise China's stability and reforms, Xi Jinping told officials.

Jan 22, 2019, 20:04 PM IST
Ensuring equitable economic growth biggest challenge: Satya Nadella

Ensuring equitable economic growth biggest challenge: Satya Nadella

Nadella said the fourth industrial revolution also needs to deliver on technology and innovation that can drive economic growth.

Jan 22, 2019, 18:03 PM IST
Tokyo court again rejects Carlos Ghosn's bail plea

Tokyo court again rejects Carlos Ghosn's bail plea

This is the second time that the judge has rejected Ghosn`s bail plea, reports Efe news.

Jan 22, 2019, 16:56 PM IST
World's 26 richest people own as much as poorest 50%: Oxfam

World's 26 richest people own as much as poorest 50%: Oxfam

In an annual wealth check released to mark the start of the World Economic Forum in Davos, the development charity said 2018 had been a year in which the rich had grown richer and the poor poorer,

Jan 21, 2019, 11:23 AM IST
China's economy slumps to 28 year low to 6.6% in 2018

China's economy slumps to 28 year low to 6.6% in 2018

In the three months to December, the economy grew 6.4% from a year earlier, down from 6.5 percent in the previous quarter.

Jan 21, 2019, 10:27 AM IST
Trump cancels US delegation to Davos forum due to shutdown

Trump cancels US delegation to Davos forum due to shutdown

Trump cancelled his own plans to attend the forum last week citing the shutdown.

Jan 18, 2019, 10:54 AM IST
Former PepsiCo CEO, India-born Indra Nooyi, a frontrunner for World Bank President post: Report

Former PepsiCo CEO, India-born Indra Nooyi, a frontrunner for World Bank President post: Report

US President Donald Trump’s daughter Ivanka Trump is playing a key role in the selection of the candidate for the post.

Jan 16, 2019, 11:24 AM IST
Not interested in Jet Airways as backed by ''enemy'' state: Qatar Airways CEO

Not interested in Jet Airways as backed by ''enemy'' state: Qatar Airways CEO

Al-Baker said Qatar Airways would be "delighted" to take a stake in IndiGo.

Jan 15, 2019, 14:45 PM IST
Nissan ex-chief Carlos Ghosn faces new charges

Nissan ex-chief Carlos Ghosn faces new charges

Ghosn`s alleged co-conspirators, Nissan Director Greg Kelly and Nissan Motor, were also indicted for the alleged misreporting.

Jan 11, 2019, 18:19 PM IST
Jeff Bezos' $69 billion likely alimony to wife MacKenzie more than GDP of over 100 countries

Jeff Bezos' $69 billion likely alimony to wife MacKenzie more than GDP of over 100 countries

Jeff Bezos' fortune =has soared as high as $160 billion thanks to his stake in Amazon.

Jan 11, 2019, 11:34 AM IST
Here are some high-profile corporate chieftain's divorces

Here are some high-profile corporate chieftain's divorces

These high profile divorces often come with a hefty price tag.

Jan 11, 2019, 10:51 AM IST