China's Geely, which already owns the Swedish car brand Volvo, has now become the biggest shareholder in AB Volvo, the world's second-largest truck manufacturer in a transaction worth around 2.7 billion euros ($3.2 billion), it announced on Wednesday.
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Britons' purchasing power, which took a hit this year against the backdrop of Brexit, looks set to stagnate in 2018, according to a new study released on Wednesday.
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Flamboyant Chinese tech icon Jia Yueting, who once boasted his company LeEco would take on Apple and Tesla, has been ordered back to China by financial regulators over his company's debt woes.
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A Chinese court is auctioning a skyscraper on the country's largest e-commerce website -- with a sky-high starting price of 553 million yuan ($84.2 million).
Full StoryEast Coast fishermen are turning a wary eye toward an emerging upstart: the offshore wind industry.
In New Bedford, Massachusetts, the onetime whaling capital made famous in Herman Melville's "Moby-Dick," fishermen dread the possibility of navigating a forest of turbines as they make their way to the fishing grounds that have made it the nation's most lucrative fishing port for 17 years running.
Full StoryCheap, electric bicycles have made life a lot easier for New York City's legions of restaurant delivery workers, but the party may be over in the New Year.
City officials are promising a crackdown on e-bikes, which may be loved by environmentalists and the largely poor, immigrant workforce that relies on them, but are loathed by many drivers and pedestrians who think they are a menace.
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The United States on Sunday applauded a $285-million-cut in the U.N. core budget, saying it was "a big step in right direction."
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Thousands of people protested in northeast Morocco on Monday against economic marginalization after two young men died while digging in an abandoned coal mine.
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As the poster child for the growing ranks of computer-generated currencies, bitcoin's recent stratospheric price rises have propelled it from the chat forum-hosted depths of nerddom into the global consciousness.
Full StoryWhy did you splurge on that new pair of shoes? Or that pricey smartphone? More and more advertisers are trying to tap into the unconscious to divine the invisible forces that drive those spending decisions.
Using gadgets to track eye movements, computer maps of faces to capture a momentary grin (approval) or squinting (anger), and sensors to measure perspiration or monitor brain activity, companies are mining consumers' raw emotions for information.
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