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World

Daimler cuts car market forecast as Europe wobbles

German luxury automaker Daimler (DAIGn.DE) has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy.

Oct 02, 2014 11:37 AM EDT

World

Don Quijote leads Japan tourism push to rake in sales

While Japanese retailers struggle to cope with the burden of a sales tax hike, discount store operator Don Quijote Holdings aims to extend its 25-year run of rising profits by taking a different approach: turning Japan into a tourist mecca.

World

At least 10 killed in shelling of school and mini-van in Ukraine

At least 10 people were killed on Wednesday when shells hit a school playground and a public transit mini-van in a nearby street in Donetsk in eastern Ukraine, underscoring the fragility of a ceasefire between separatists and government forces.

World

Special Report: In foreign hands, British automakers overtake France

When Britain lost its last native car company 20 years ago, it was lamented across the political spectrum as a national catastrophe.

Turkey vows to fight Islamic State, coalition strikes near border

Turkey signalled it may send troops into Syria or Iraq and let allies use Turkish bases to fight Islamic State, as coalition jets launched air strikes on Wednesday on insurgents besieging a town on its southern border with Syria.

Oct 01, 2014 11:15 AM EDT

Defiant Hong Kong protesters demand leader steps down

Thousands of pro-democracy protesters thronged the streets of Hong Kong on Wednesday, some of them jeering National Day celebrations, and students threatened to ramp up demonstrations if the city's pro-Beijing leader did not step down.

Oct 01, 2014 11:11 AM EDT

U.S. strikes help Iraq Kurds, army advances against Islamic State

Iraqi Kurdish forces captured a strategic border crossing and several villages from Islamic State fighters in northern Iraq on Tuesday, scoring gains as the militants were pounded by heavy U.S.-led air strikes and the Iraqi army advanced from the south.

Sep 30, 2014 11:08 AM EDT

EU says Ireland tax deal with Apple was state aid

The European Union has accused Ireland of giving Apple Inc. state aid by letting the iPhone maker shelter profits worth tens of billions of dollars from tax, in return for maintaining jobs.

Sep 30, 2014 11:04 AM EDT

Special Report: Islamic State uses grain to tighten grip in Iraq

For Salah Paulis, it came down to a choice between his faith and his crop. For Salah Paulis, it came down to a choice between his faith and his crop. A wheat farmer from outside Mosul, Paulis and his family fled the militant group Islamic State early last month.

Sep 30, 2014 10:59 AM EDT

Global stocks fall, bonds rise on Hong Kong unrest

Global equity markets fell on Monday as civil unrest in Hong Kong weighed on investor sentiment, while Treasury prices rose as further signs of the relative strength of the U.S. economy raised the prospect of higher interest rates.

Sep 29, 2014 12:06 PM EDT

Costs, politics erode chances for a Tokyo casino by 2020

Plans to open Japan's first casino in Tokyo before the 2020 Olympics are becoming increasingly unlikely, with developers facing skyrocketing building costs and a city government that no longer considers casino development an economic priority.

Sep 29, 2014 11:49 AM EDT

Full plates fight prejudice in Hungary restaurant

Waitress Maria Kecskemeti says working with people is a daily challenge, requiring much skill and empathy.

Sep 29, 2014 11:41 AM EDT

Obama says misread Islamic State; Qaeda warns of attacks on West

President Barack Obama has acknowledged that U.S. intelligence underestimated the rise of Islamic State fighters in Iraq and Syria, where the head of an al Qaeda branch warned militants will attack the West in retaliation for U.S.-led air strikes.

Sep 29, 2014 11:14 AM EDT

Europe allows gadgets to stay on during flights

Airline passengers will be able to use smartphones and tablet computers throughout their entire flight, the European Aviation Safety Agency (EASA) said on Friday, which could also pave the way for airlines to offer wireless communication services.

Sep 26, 2014 11:40 AM EDT

Hyundai-led group agrees to $10 billion land deal, stokes union rage

Hyundai Motor Co (005380.KS) and its two affiliates approved Asia's biggest property deal since the financial crisis on Friday when their board members agreed to pay 10.55 trillion won ($10.12 billion) for a trophy plot of land to house a new headquarters in downtown Seoul.

Sep 26, 2014 11:23 AM EDT

Dollar holds near four-year highs, Europe stocks recover

The dollar held just below a four-year high against a basket of currencies on Friday, fuelled by the biggest yield advantage over the euro in nearly 15 years as the Federal Reserve contemplates hiking interest rates.

Sep 26, 2014 11:14 AM EDT