Business & Tech

Rebel Wilson loses Australia defamation payout appeal

Hollywood actress Rebel Wilson on Friday said she was proud to "stand up to a bully" despite losing a bid to reinstate a multi-million-dollar defamation payout from an Australian publisher.

Australia takes India to WTO over sugar subsidies

Australia announced on Friday it was taking legal action against India at the WTO over sugar subsidies it said caused a "significant downturn" in world prices and hurt domestic producers.

Business & Tech

Facebook to launch independent body for calls on content

Facebook announced Thursday it is creating an independent body to make potentially precedent-setting calls on what content should be yanked from the social network.

Mexico ups interest rate, citing political uncertainty

Mexico's central bank raised its key interest rate Thursday, citing a slowing global economy and political uncertainty created by the arrival of leftist President-elect Andres Manuel Lopez Obrador, who takes office on December 1.

Business & Tech

EU Trade Commissioner Cecilia Malmstrom met with US Trade Representative Robert Lighthizer (pictured March 2018) to work out details of more open trade between the major global economies but she said there was no deadline for reaching an agreement

EU will retaliate if Trump imposes auto tariffs: trade official

The European Union is prepared to retaliate if US President Donald Trump imposes new tariffs on auto imports, EU Trade Commissioner Cecilia Malmstrom warned on Wednesday.

Uber loss tops $1 bn as it seeks to diversify

Ride-share company Uber on Wednesday said that its net loss topped a billion dollars in the recently ended quarter as it pumped money into bikes, scooters, freight and food delivery.

Business & Tech

European commissioner for trade Cecilia Malmstrom, seen here in a recent file image, wants more trade talks with US

EU Trade Commissioner seeks to further talks with US

EU Trade Commissioner Cecilia Malmstrom arrived in Washington on Tuesday to further talks with the United States on a new trade deal, but she stressed that it would be limited.

'Incomparable' pink diamond smashes record at Geneva auction

An exceptionally rare 19-carat pink diamond fetched $50 million (44 million euros) at auction in Geneva Tuesday, Christie's said, setting a new per carat record for a stone of its kind.

Business & Tech

Trading got off to a bad start in New York, with Apple shares in decline on fears for demand

Wall Street dives into the red while oil prices continue to slide

Wall Street crumbled Monday as fears for demand in the tech sector turned into a broader retreat from stocks while oil prices slid to an 11th straight day of losses despite a Saudi offer to limit output.

Facebook back up after Americas service interruption

Facebook users in the Americas were able to get back onto their profiles Monday afternoon, after the social media network went down briefly across some parts of the region.

Business & Tech

'Singles Day' has become a huge annual shopping frenzy in China, similar to 'Black Friday' in the United States

Alibaba hits another 'Singles Day' record but growth slows

Chinese e-commerce giant Alibaba filled a record $30.7 billion in orders on Sunday during its annual "Singles Day" shopping frenzy, but growth slowed from previous years.

Oil producers see oversupply, call for new strategies

Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments.

Business & Tech

Happiness on three wheels: China's parcel deliverymen

Deftly weaving through peak-hour Beijing traffic on a three-wheeled bike, Nan Shan has no time to chat as he races to deliver nearly 80 packages across China's sprawling mega-capital.

Business & Tech

French ad firm ousts exec at US subsidiary after reports of bad behavior

French ad agency Havas ousted the chief creative officer of its US subsidiary after a report about the toxic culture at the company's Chicago offices.

"Disney+" service a year away from streaming shows

The Walt Disney Company will launch a "Disney+" streaming service in the United States late next year, boosting it with live-action shows spun from hit "Star Wars" and Marvel hero films.

Business & Tech

Mexican stocks plunge over move to slash bank fees

Mexico's main stock index plunged nearly six percent Thursday after President-elect Andres Manuel Lopez Obrador's party introduced legislation to dramatically slash the fees banks can charge clients.

US sues UBS, alleging fraud in financial crisis

US authorities on Thursday sued Swiss banking giant UBS, accusing the European lender of fraud in the sale of mortgage-backed securities prior to the global financial crisis.

Business & Tech

NewsCorp sees higher profits as subscriptions rise

Profits rose in the past quarter at Rupert Murdoch's News Corp, led by gains in digital subscriptions at the Wall Street Journal and newspapers in Britain and Australia, the company said Wednesday.

Samsung folding screen lets smartphone open into tablet

Samsung on Wednesday showed off a folding screen that lets a smartphone open into a tablet, heralding it as the future for portable devices.

Business & Tech

Snowden issues surveillance warning to Israelis

US whistleblower Edward Snowden urged Israelis to be on guard against heavy-handed government and private surveillance in a speech by video link Tuesday and defended his 2013 massive leak of classified documents.

Indian politician accuses French CEO of 'hiding truth' in Rafale deal

A senior Indian opposition leader on Tuesday accused the CEO of a French aviation company involved in a controversial fighter jet deal of "trying to hide the truth".

Business & Tech

Second Amazon headquarters a tale of two cities: report

Amazon is planning to split its coveted second headquarters between two US cities rather than pack it into a single urban setting, the Wall Street Journal reported on Monday.

Michelin closes Scottish plant with 845 workers

French tyre manufacturer Michelin announced plans Monday to close a Scottish manufacturing plant with 845 employees due to growing competition from cheeper products in Asia.

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Russian lawmakers say  registration of US media groups is retaliation for a similar demand by Washington for the state-controlled Russia Today television

Russia to make US media register as «foreign agents»

Russian lawmakers raced Friday to draft measures requiring US media outlets to register as foreign agents, saying they could be adopted as early as next week.

Senator John McCain, the 2008 Republican presidential nominee, immediately declared the allegations 'disqualifying' for Moore

Republicans run from Senate hopeful accused of sexual contact with minor

Several Republicans on Thursday urged their party's candidate for a vacant US Senate seat to quit the race if an explosive report that he had a sexual encounter with a 14-year-old girl is true.

Pandas have a notoriously low reproductive rate and are under pressure from factors such as habitat loss

Melania Trump meets China's furry diplomats: pandas

US First Lady Melania Trump spent some time with a couple of China's most prominent diplomats on her last day in Beijing on Friday: the pandas Meng'er and Gu Gu.

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