Business
Latest stories
Samsung Reaches Settlement over 'Exploding' Washing Machines

Samsung Electronics has reached a settlement in a class-action lawsuit over 2.8 million "exploding" washing machines recalled in the U.S., the South Korean company said Tuesday.

W140 Full Story
Berlin Woos U.S. in Europe Gas Battle

Germany put on a show of unity with the United States Tuesday in talks on importing natural gas, as Berlin battles accusations an under-construction pipeline deepens European energy dependence on Russia.

W140 Full Story
Mnuchin in Beijing for Crunch U.S.-China Trade Talks

U.S. Treasury Secretary Steven Mnuchin said he was "looking forward" to crunch negotiations with China as he emerged in Beijing on Tuesday with global attention focused on whether the two sides can reach a trade deal.

W140 Full Story
Nissan Downgrades Full-Year Forecast, Logs Nine-Month Profit Fall

Japanese automaker Nissan, rocked by the arrest of former chairman Carlos Ghosn, on Tuesday revised downward its full-year forecast as nine-month net profit dropped more than 45 percent.

It was Nissan's first earnings report since Ghosn was arrested on November 19 and then sacked as chairman. He is in detention facing charges of financial misconduct.

W140 Full Story
U.S. Team in Beijing for Trade Talks after IMF 'Storm' Warning

U.S. negotiators met with their Chinese counterparts in Beijing Monday for a new round of high-stakes trade talks, hoping to reach a deal before the March 1 deadline set by Donald Trump as the IMF warned of a possible global economic "storm".

W140 Full Story
UAE Expects Oil Market to Balance in First Quarter

The energy minister of the United Arab Emirates said Monday supply and demand in the oil market should balance out in the first quarter of 2019, following weeks of output cuts.

W140 Full Story
Study: No-Deal Brexit 'Could Cost 600,000 Jobs Worldwide'

A British departure from the European Union without a deal could put 600,000 jobs around the world at risk, with Germany the hardest hit, a study published Monday found.

W140 Full Story
Australia Signs Massive Sub Deal with French Firm

Australia formally signed a Aus$50 billion "strategic partnership" with France to build 12 state of the art submarines Monday, a signal of Canberra's willingness to project power across the Pacific.

W140 Full Story
Saudi Investments to Aid Cash-Strapped Pakistan

A record investment package being prepared by Saudi Arabia for Pakistan will likely provide welcome relief for its cash-strapped Muslim ally, while also addressing regional geopolitical challenges, analysts say.

W140 Full Story
Gushing Profits for Oil Majors on Crude Price

The world's top energy companies booked enormous profits last year thanks to higher oil prices and keeping a tight lid on spending, even if that risked limiting their medium-term production capacity.

W140 Full Story