Business
Latest stories
Credit Suisse Chief Thiam Quits as Spy Scandal Swells

The head of Credit Suisse, Tidjane Thiam, said Friday he would step down next week, as a ballooning spying scandal rocks Switzerland's second largest bank.

W140 Full Story
Fiat Chrysler Says Coronavirus Could Close European Factory

Fiat Chrysler could halt production at a European factory because of supply problems from China due to the coronavirus outbreak there, its boss told Thursday's Financial Times.

W140 Full Story
Nokia Recovers in Q4 but Cautious on Outlook

Finnish telecom equipment provider Nokia beat expectations in a "challenging" 2019 as a strong fourth quarter enabled it to post its first full-year net profit since 2015, of 7.0  million euros.

W140 Full Story
Fiat Chrysler Profit Skids as Sales Slow

U.S.-Italian automaker Fiat Chrysler said Thursday its net earnings fell by nearly a fifth last year as sales slowed, although both rose in the final quarter.

W140 Full Story
China to Halve Tariffs on $75 bn of US Imports

China on Thursday said it would halve tariffs on $75 billion-worth of US imports as part of its trade truce with Washington and as officials look to calm markets unnerved by the deadly virus outbreak.

W140 Full Story
Asian Markets Soar as US Data, China Levy Cuts Trump Virus Fears

Asian markets rallied again Thursday despite the China virus claiming hundreds of lives and infecting tens of thousands, with investors welcoming strong US jobs data and Beijing's decision to slash levies on US imports.

W140 Full Story
Pope Says Poverty Can be Beaten if Rich Play Their Part

Pope Francis insisted Wednesday poverty could be beaten if the world's rich play a full part in ending inequality as he attended a conference on financial inclusion.

W140 Full Story
Alarm over BBC Future as UK Proposes Fee Changes

The British government on Wednesday announced plans to stop prosecuting people who do not pay the BBC's compulsory subscription fee, sparking concerns about the broadcaster's future funding.

W140 Full Story
U.S. Trade Deficit Falls in 2019, First Time in 6 Years

The U.S. trade deficit fell last year to $616.8 billion, the first time the gap has narrowed since 2013 as imports declined more than exports, according to government data released Wednesday.

W140 Full Story
Dubai Airport Reports First Dip in Passenger Numbers in 20 Years

The number of travellers passing through Dubai International airport dipped last year for the first time in 20 years but the airport remained the world's busiest for international passengers, authorities said on Wednesday.

W140 Full Story