International Business News

World Bank announces USD 200 bn in climate action investment for 2021-25

World Bank announces USD 200 bn in climate action investment for 2021-25

The bank's financing package amounts to about 40 billion a year.

Dec 03, 2018, 13:55 PM IST
Qatar to withdraw from OPEC as of January 2019

Qatar to withdraw from OPEC as of January 2019

The announcement comes ahead of the meeting by OPEC and its allies including Russia on Dec. 6-7 to discuss cutting supply.

Dec 03, 2018, 12:25 PM IST
4 Indian-origin women in Forbes top female US tech moguls' list

4 Indian-origin women in Forbes top female US tech moguls' list

Padmasree Warrior, former chief technology officer (CTO) of Cisco are in the list.

Nov 30, 2018, 18:12 PM IST
JLR to lay off staff temporarily at UK plant to adjust vehicle production

JLR to lay off staff temporarily at UK plant to adjust vehicle production

Terming the external environment as challenging, the company said it is taking decisive actions to achieve the necessary operational efficiencies to safeguard long-term success.

Nov 30, 2018, 14:43 PM IST
Unilever emerges as leading bidder for GSK's Horlicks business

Unilever emerges as leading bidder for GSK's Horlicks business

Other bidders include Coca-Cola Co, which has been looking to expand in emerging markets.

Nov 28, 2018, 15:54 PM IST
US top court leans toward allowing Apple App Store antitrust suit

US top court leans toward allowing Apple App Store antitrust suit

The lawsuit said Apple violated federal antitrust laws by requiring apps to be sold through the company`s App Store and then taking a 30 percent commission from the purchases.

Nov 27, 2018, 12:29 PM IST
Microsoft's stock market value catches up with Apple

Microsoft's stock market value catches up with Apple

Global demand for smartphones has slowed in recent years, making it more difficult for Apple to increase its revenue.

Nov 27, 2018, 12:27 PM IST
GM to cut car production in North America, halt some models: Source

GM to cut car production in North America, halt some models: Source

Cost pressures on GM and other automakers and suppliers have increased as demand has waned for traditional sedans.

Nov 26, 2018, 21:08 PM IST
Saudi Arabia pumps record amount of oil as Trump piles on pressure

Saudi Arabia pumps record amount of oil as Trump piles on pressure

Saudi Arabia agreed to raise supply steeply in June, in response to calls from consumers, including the United States and India, to help cool oil prices and address a supply shortage.

Nov 26, 2018, 18:02 PM IST
Mitsubishi Motors' board meets to remove Chairman Ghosn

Mitsubishi Motors' board meets to remove Chairman Ghosn

Nissan removed Ghosn at a high stakes board meeting on Thursday after allegations of understating his income and using company money for personal use.

Nov 26, 2018, 12:22 PM IST
Samsung apologises for factory cancer cases, vows to pay compensation for ill workers by 2028

Samsung apologises for factory cancer cases, vows to pay compensation for ill workers by 2028

All former and current Samsung employees as well as the company`s contractors who worked at Samsung`s semiconductor and display production plants for more than one year since 1984 are eligible to be

Nov 23, 2018, 11:20 AM IST
Nissan board votes to oust Carlos Ghosn as chairman

Nissan board votes to oust Carlos Ghosn as chairman

Nissan said on Monday an internal investigation triggered by a tip-off from an informant had revealed that Ghosn engaged in wrongdoing including personal use of company money and under-reporting of

Nov 22, 2018, 17:37 PM IST
Pakistan living beyond its means for several years, says report

Pakistan living beyond its means for several years, says report

Pakistan looks forward to about USD 6 billion financial bailout from IMF.

Nov 20, 2018, 17:25 PM IST
Renault board to discuss interim replacement for Ghosn: Sources

Renault board to discuss interim replacement for Ghosn: Sources

The Renault board will meet later in the day, a company spokesman confirmed, declining to elaborate on the agenda.

Nov 20, 2018, 16:28 PM IST
VW group rejigs management in India; Boparai to take charge as MD from January

VW group rejigs management in India; Boparai to take charge as MD from January

As part of the exercise, KODA AUTO India Managing Director (MD) Gurpratap Boparai will become MD of the Volkswagen India Pvt Ltd (VWIPL) with effect from January 1, 2019, the group said in a

Nov 20, 2018, 16:27 PM IST
Nissan moving to fire Ghosn for financial misconduct

Nissan moving to fire Ghosn for financial misconduct

CEO Hiroto Saikawa would propose to the Nissan board to remove Ghosn and Kelly.

Nov 19, 2018, 16:32 PM IST
Employee morale hits all-time low at Facebook: Report

Employee morale hits all-time low at Facebook: Report

Only 53 per cent of Facebook employees said the company was making the world better which is 19 per cent lower than last year.

Nov 15, 2018, 10:25 AM IST
Amazon picks NYC and Northern Virginia for its split HQ2: Source

Amazon picks NYC and Northern Virginia for its split HQ2: Source

The decision would bring to an end a more-than-year-long contest that started with 238 candidates and ended with a surprise split of its "HQ2".

Nov 13, 2018, 12:25 PM IST
Alibaba nets record $30 billion in Singles' Day haul, but growth rate plunges

Alibaba nets record $30 billion in Singles' Day haul, but growth rate plunges

Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after

Nov 12, 2018, 11:16 AM IST
China says will further open up its economy, slams rising protectionism

China says will further open up its economy, slams rising protectionism

Chinese Premier Li Keqiang did not directly refer to China`s bruising trade war with the United States.

Nov 12, 2018, 11:03 AM IST