Latest stories
Maybe Twitter Needs to Get Used to Being Small

Twitter gets lots of grief from investors because it hasn't taken over the world the way Facebook did, at least in terms of amassing users.

But maybe it's destined to stay small, serving a vital, if limited, role for the public. Maybe Twitter just isn't meant to be an all-encompassing social utility. Maybe stock price is not the only lens through which a company can be valued. Twitter, perhaps even in spite of its difficult interface and site-specific lingo, has become a cultural force since its 2006 founding.

W140 Full Story
Apple Reports iPhone Sales down, 1st Revenue Drop since 2003

Apple sold more than 51 million iPhones in the first three months of this year — and that's the problem.

That's 10 million fewer iPhones than the tech giant sold during the same quarter a year ago. As a result, Apple on Tuesday reported its first drop in quarterly revenue in 13 years — and the first-ever year-over-year decline in iPhone sales.

W140 Full Story
OECD: Britain Would be Less Well off after Brexit

Britons would be less well off if they voted to leave the European Union than if they stayed, the head of the Organization for Economic Cooperation and Development (OECD) said on Wednesday.

"Brexit is like a tax. It is the equivalent to roughly missing out on about one month's income within four years," secretary general Angel Gurria told BBC radio ahead of the publication of an OECD report on the subject.

W140 Full Story
First Shipment of U.S. Natural Gas to EU Arrives

In a move which could lead to continental price wars and reduce Russian market domination, the first shipment of U.S. natural gas to the European Union arrived overnight Tuesday in the Portuguese port of Sines, an AFP journalist reported.

The first consignment of U.S. gas for European distribution comes amid the shale gas revolution which Washington hopes will see it become a player in an EU market where Russia is currently the main supplier.

W140 Full Story
No Eurogroup Greece Meeting Thursday, 'More Time Needed'

Eurogroup chief Jeroen Dijsselbloem said late Tuesday that a mooted Thursday meeting of the eurozone finance ministers will not take place, as Greece's creditors need more time to decide next steps for the country's massive bailout.

W140 Full Story
Venezuela Enforces Public Sector Leave on Three Weekdays

Venezuela's government has announced enforced leave for public sector employees three workdays a week, in a bid to tackle an electricity shortage that is causing power cuts and protests.

"There will be no work in the public sector on Wednesdays, Thursdays and Fridays, except for fundamental and necessary tasks," Vice President Aristobulo Isturiz said on television Tuesday.

W140 Full Story
Lufthansa to Cancel 900 Flights in Germany Wednesday over Strike

Lufthansa to cancel 900 flights in Germany Wednesday over strike

Lufthansa will cancel almost 900 flights in Germany Wednesday when airport ground staff are expected to join a strike called by the country's biggest services union, Verdi, the carrier said.

W140 Full Story
Alibaba Financial Affiliate Ant Raises $4.5 bn

The financial services affiliate of Chinese e-commerce giant Alibaba has raised $4.5 billion in funding, it said Tuesday, calling it the largest single private placement by an Internet company.

The move values Ant Financial Services Group at roughly $60 billion, the Wall Street Journal reported, quoting people familiar with the situation. Previous media reports had said the company aimed to raise $3.5 billion.

W140 Full Story
Oil Prices Rise ahead of U.S. Inventory Data

Oil prices rose in Asia Tuesday, rebounding from sharp losses sparked by a report that Saudi Arabia was close to completing an oilfield expansion.

W140 Full Story
Chinese-Made, U.S.-bound: Automakers Eye Exports

A gigantic robotic arm capable of lifting an entire chassis at a General Motors plant in Shanghai is the U.S. automaker's secret weapon as it seeks to sell "Made in China" cars to America.

W140 Full Story