World

Apple found guilty of price-fixing practices in Russia, regulator says

Tech giant Apple is found guilty of fixing the price of iPhones in Russia for several years.

HSBC breaks tradition, names AIA boss Mark Tucker as chairman

The chief executive of the Asian life insurer AIA Group will take over as HSBC chair on October 1, the first outsider to take on the role that breaks an HSBC tradition.

Atlanta Fed appoints first African-American regional president as major step in diversity

The move marks as a progress for Atlanta Fed in regards to diversity as Bostic becomes the first African-American regional president in its history.

Intel buys Israeli tech, self-driving car company Mobileye in a $15.3 billion deal

Intel is moving into self-driving cars as part of its strategy to build up its position in emerging areas of computer technology.

Trump banks on big tech investment from Middle East

US President Donald Trump met SoftBank Vision Fund Masayoshi Son just weeks after taking his seat on the presidency to discuss a huge new technology fund and investment.

US jobs increase in Trump's first full month projecting economic optimism

Employers added 235,000 US jobs in February as per a Labor Department report released on Friday.

Sears posts another quarterly operating loss

Embattled US department store operator posts another quarterly operating loss that is even worse than the previous corresponding period which the company attributes to having fewer Kmart and Sears Full-line stores in operation.

Staples closes 70 stores amid disappointing stocks and sales

Traditional brick-and-mortar stores have been under pressure for some time due to greater online competition, which led Staples to close 4.5 percent of its store in 1,600 locations.

Swedish retailer H&M joins Better Than Cash Alliance

Swedish retailer, H&M, joins the United Nations' Better Than Cash Alliance, a partnership of governments, companies and international organisations which aims to accelerate the transition from cash to digital payments.

US oil output set to break records in 2018

The EIA has ramped up its US forecasts and predicts daily domestic oil output of 9.2 million barrels for this year and 9.7 million barrels in 2018.

China gives preliminary approval for dozens of Trump-related trademarks in businesses

Trump's lawyers in China say the business is simply trying to protect Trump trademark from anyone who might try to use the name to its advantage.

Samsung expands manufacturing in the US to produce home appliances

The South Korea-based technology giant will spend at least $300 million on the manufacturing project and is already discussing plans with five states.

Disney chief defends seat on Trump’s business advisory council

Walt Disney Co.'s CEO says his seat on US President Donald Trump's advisory council is an opportunity to voice opinions that could benefit Disney and the company's shareholders.

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