Business
Latest stories
IMF Bailout on the Cards for Pakistan's Next Government, Analysts Say

Pakistan's next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say.

W140 Full Story
French Shipping Firm Drops Iran over U.S. Sanctions Threat

The world's third largest shipping container group, the French-owned CMA CGM, has decided to withdraw from Iran over the threat of U.S. sanctions, its chief executive said Saturday.

"Because of the Trump administration, we have decided to end our service to Iran," Rodolphe Saade told an economic conference in Aix-en-Provence in southern France.

W140 Full Story
Iran Says Trump 'Destabilizing' Oil Market

Iran on Saturday accused U.S. President Donald Trump of destabilizing the oil market with his flurry of tweets taking aim at the OPEC cartel.

"These days... the price is dependent on the behavior of Mr. Trump," Iranian Oil Minister Bijan Namdar Zanganeh said on state television.

W140 Full Story
World Powers Back Iran Oil Exports despite U.S. Sanctions Threat

Iran's remaining partners in the 2015 nuclear deal vowed Friday to keep the energy exporter plugged into the global economy despite the U.S. withdrawal and sanctions threat.

W140 Full Story
Trump Unleashes Trade War with Latest Tariffs on China

Punishing US tariffs on Chinese imports took effect at 12:01 am Friday (0400 GMT), marking the start of President Donald Trump's trade war with China, despite the concerns of businesses and investors.

W140 Full Story
Asian Markets Fall ahead of US-China Tariff Deadline

Asian stocks fell Thursday as investors fretted over US-China tariffs due to kick in within hours and which threaten to plunge the world's top two economies into an all-out trade war.

W140 Full Story
US 'Firing at Itself' with Trade Measures, Says China

China lashed out at the US Thursday, the day before a trade war is set to erupt between the world's top two economies, saying that Washington is effectively "firing at itself".

W140 Full Story
From Cash-Strapped Roommates to Airbnb Billionaires

A decade ago a pair of San Francisco roommates decided to make rent money by using air mattresses to turn their place into a bed-and-breakfast when a conference in the city made hotel rooms scarce.

W140 Full Story
Cherry Picking: China Looks to Replace U.S. Farm Goods in Trade War

American cherries are tantalizingly sweet. They are so loaded with sugar and low on water that China's home-grown cherries cannot compete on taste or texture.

W140 Full Story
Stamped Out by War and Communism, Polish Luxury is Back

A gray Ferrari comes to a halt in Warsaw and a young woman emerges. Wearing Chanel sunglasses and carrying a little dog, she enters the Raffles Europejski hotel, a symbol of the luxury that has returned to Poland.

Her destination is the historic pastry shop Lourse, which is located at the hotel, where guests pay between 250 and 4,000 euros ($290 and $4,700) a night and can count on perks like a personal butler. 

W140 Full Story