International Business News

Gita Gopinath joins IMF as its first female chief economist

Gita Gopinath joins IMF as its first female chief economist

Announcing her appointment on October 1, IMF Managing Director Christine Lagarde described her as one of the world's outstanding economists with impeccable academic credentials.

Jan 08, 2019, 09:25 AM IST
World Bank President Jim Yong Kim resigns, to join a private investment firm

World Bank President Jim Yong Kim resigns, to join a private investment firm

Kim, who had served in the role since 2012, announced on Monday that he would leave his post well ahead of his term`s expiration at the end of 2021.

Jan 08, 2019, 08:42 AM IST
Apple cuts revenue forecast on weak China sales

Apple cuts revenue forecast on weak China sales

Apple Inc forecast $84 billion in revenue for its fiscal first quarter ended Dec. 29, which is below analysts` estimate of $91.5 billion.

Jan 03, 2019, 07:00 AM IST
Nissan Motor, Carlos Ghosn, Carlos Ghosn misconduct, Carlos Ghosn termination

Nissan Motor, Carlos Ghosn, Carlos Ghosn misconduct, Carlos Ghosn termination

Ghosn, accused of aggravated breach of trust, is facing allegations of making the car maker shoulder 1.85 billion yen ($16.8 million) in personal investment losses.

Dec 31, 2018, 15:07 PM IST
Amazon announces record sales for holiday season in 2018

Amazon announces record sales for holiday season in 2018

In April this year, Amazon disclosed that its Prime members had reached a record milestone of 100 million customers.

Dec 27, 2018, 14:41 PM IST
Nissan's Carlos Ghosn re-arrested, chances of imminent bail dashed

Nissan's Carlos Ghosn re-arrested, chances of imminent bail dashed

The re-arrest means he could be detained for at least another 10 days in a Tokyo jail, where he has been confined since he was arrested last month on initial allegations of financial misconduct.

Dec 21, 2018, 11:39 AM IST
Cambridge Analytica scandal: Facebook sued over data breach accusations

Cambridge Analytica scandal: Facebook sued over data breach accusations

Shares in the company were down 4.7 percent in afternoon trade on Wednesday.

Dec 20, 2018, 11:31 AM IST
US Fed raises lending rates for 4th time this year, defies Prez Trump

US Fed raises lending rates for 4th time this year, defies Prez Trump

According to Federal Reserve Chairman Jerome Powell, the world's largest economy continued to strengthen this year, roughly in line with expectations.

Dec 20, 2018, 11:15 AM IST
Google to pump in $1 billion to build new offices

Google to pump in $1 billion to build new offices

Google joins two other tech giants from the West Coast, Amazon and Apple, which recently announced plans to further expand their presence in New York.

Dec 18, 2018, 13:35 PM IST
Apple hires former Tesla senior designer

Apple hires former Tesla senior designer

The Cupertino-based company has largely remained silent on its plans about the Apple Car.

Dec 18, 2018, 11:06 AM IST
No IMF loan to Pakistan to repay Chinese debt: Congressman

No IMF loan to Pakistan to repay Chinese debt: Congressman

Pakistan is seeking USD 8 billion from the International Monetary Fund (IMF) to bail itself out from a severe balance-of-payments crisis that threatens to cripple the country's economy.

Dec 17, 2018, 14:15 PM IST
IMF to check Pakistan's debt sustainability before loan: Official

IMF to check Pakistan's debt sustainability before loan: Official

A recent meeting between the IMF and Pakistan ended in a stalemate.

Dec 14, 2018, 15:32 PM IST
iPhones made by different company, replies Pichai after US Congressman raises iPhone concerns

iPhones made by different company, replies Pichai after US Congressman raises iPhone concerns

US Congressman's faux pas has left Twitter users amused and tizzy at the same time.

Dec 13, 2018, 11:27 AM IST
Canada frees CFO of China's Huawei on bail; Trump might intervene

Canada frees CFO of China's Huawei on bail; Trump might intervene

Meng Wanzhou, Huawei`s chief financial officer and the daughter of its founder, faces US claims that she misled multinational banks about Iran-linked transactions.

Dec 12, 2018, 17:22 PM IST
Sundar Pichai denies political bias to Congress

Sundar Pichai denies political bias to Congress

Another basic question being handled in these hearings has been the ability of the tech companies to deal with foreign interference in US elections.

Dec 12, 2018, 10:42 AM IST
Flexible intellectual property will help China to diffuse trade tensions: IMF

Flexible intellectual property will help China to diffuse trade tensions: IMF

China and the US are currently engaged in a trade conflict and have slapped tit-for-tat tariffs of hundreds of billions of dollars on each other's goods.

Dec 10, 2018, 10:52 AM IST
Huawei CFO seeks bail on health concerns; Canada wants her in jail

Huawei CFO seeks bail on health concerns; Canada wants her in jail

Huawei Chief Financial Officer Meng Wanzhou is fighting to be released on bail after she was arrested on December 1 in Vancouver at the request of the United States.

Dec 10, 2018, 10:22 AM IST
SoftBank mobile services disrupted ahead of bumper IPO, shares drop

SoftBank mobile services disrupted ahead of bumper IPO, shares drop

SoftBank will set a final offering price on Dec. 10 with shares set to begin trading on Dec. 19.

Dec 06, 2018, 15:54 PM IST
Huawei CFO arrested in Canada, facing extradition to US

Huawei CFO arrested in Canada, facing extradition to US

The arrest is related to violations of U.S. sanctions, a person familiar with the matter said.

Dec 06, 2018, 09:33 AM IST
US-China decision to not impose higher tariffs de-escalates hostilities temporarily: Moody's

US-China decision to not impose higher tariffs de-escalates hostilities temporarily: Moody's

Signalling an end to the six-month-long trade war, Trump agreed that on January 1, 2019, he will leave the tariffs on USD 200 billion worth of product at the 10 percent rate, and not raise it to 25

Dec 04, 2018, 13:01 PM IST