Business / World Business

Speedy delivery hits Amazon's bottom line; shares slump 25 Oct 2019 - 07:21 pm

San Francisco: Amazon on Thursday reported quarterly profits shy of Wall Street forecasts as it poured money into speeding up delivery time to...

Google accused of creating spy tool to squelch worker dissent 25 Oct 2019 - 07:21 pm

Google employees are accusing the company’s leadership of developing an internal surveillance tool that they believe will be used to monitor workers’ attempts...

Boeing considered system redesign before accidents: NTSB report 25 Oct 2019 - 07:21 pm

SINGAPORE: Boeing engineers and test pilots considered before two fatal 737 MAX crashes whether an anti-stall system should be redesigned after discussing how...

Young entrepreneurs with a mission bank on 'Greta' effect 23 Oct 2019 - 10:16 pm

ADDIS ABABA/SAN FRANCISCO: As the brains behind a hydroponics farming system in rural Kenya, 17-year-old Jefferson Kang'acha struggled to get noticed but he...

Foxconn shelves plan for Wisconsin innovation centers 23 Oct 2019 - 07:40 pm

MILWAUKEE: Foxconn Technology Group promised to make a splash in Wisconsin beyond a massive manufacturing facility in the southeast part of the state,...

Boeing hit with new industrial setbacks as 737 MAX crisis deepens 23 Oct 2019 - 07:40 pm

Boeing Co said on Wednesday it still expects U.S. regulatory approval for its grounded 737 MAX in the fourth quarter, sending its shares...

Turkish lira furthers gains after Trump says sanctions to be lifted 23 Oct 2019 - 05:20 pm

ISTANBUL: Turkey's lira extended its gains on Wednesday after U.S. President Donald Trump announced a lifting of sanctions on Ankara following its decision...

Nike CEO Mark Parker to step down, John Donahoe to take over 22 Oct 2019 - 11:20 pm

Nike Inc's long-time chief executive officer, Mark Parker, will step down next year and be replaced by John Donahoe, the CEO of cloud...

Boeing replaces head of commercial plane division amid MAX crisis 22 Oct 2019 - 10:41 pm

New York: Boeing on Tuesday replaced the head of its commercial plane division, the most significant executive departure since the 737 MAX grounding...

US companies facing worker shortage race to automate 22 Oct 2019 - 05:35 pm

NEW YORK: US companies are responding to the lowest unemployment rate in almost 50 years by increasing their focus on automation in order...

Corporate ladder's 'broken rung' hampering women's advancement in business 21 Oct 2019 - 10:06 pm

NEW YORK: Enthusiasm for bringing more women into corporate boardrooms is dimming, but the biggest obstacle to women moving up in the corporate...

At new Finnish resort, your carbon footprint can lower the tab 21 Oct 2019 - 08:28 pm

LONDON: Can't afford to travel? Guests who go green at a new Finnish resort could reap a steep discount by curbing their emissions,...

Crowded Hong Kong goes underground to overcome land crunch 21 Oct 2019 - 08:28 pm

HONG KONG: When authorities drew up a plan to make Hong Kong a hub for Asia's wine trade, they faced a big challenge:...

Boeing shares tumble again as 737 MAX crisis deepens 21 Oct 2019 - 05:24 pm

New York: Shares of Boeing tumbled again on Monday over its handling of the 737 MAX crisis after US aviation regulators criticized it...

Infosys whistleblowers allege ‘unethical practices’, shares fall 21 Oct 2019 - 05:24 pm

An anonymous whistleblower complaint alleging that Infosys Ltd. Chief Executive Officer Salil Parekh made the finance team use irregular accounting practices to shore...

Your cup of coffee may get cheaper with a flood of robusta 21 Oct 2019 - 05:24 pm

The world has more than enough coffee, and Indonesia is looking to add to the glut. The coffee industry in the No. 3...

Agreeing Brexit deal 'self-evidently' in UK's economic interest: finance minister 21 Oct 2019 - 05:24 pm

LONDON: Agreeing the Brexit deal negotiated by Prime Minister Boris Johnson is "self-evidently" in the interest of Britain's economy, finance minister Sajid Javid...