Business
Latest stories
Trump Official Says TikTok Must Become U.S. Firm

TikTok must become a "U.S. based company controlled by U.S. investors" or will be banned in the United States, Treasury Secretary Steven Mnuchin said Wednesday.

W140 Full Story
France to Test 'Flying Taxis' from Next Year

"Flying taxis" will start taking off from an aerodrome north of Paris as soon as next June, operators said, in a trial ahead of a vast tourist influx for the 2024 Olympics.

W140 Full Story
Spain's Debt Soars as Virus Slams Economy

Spain's public debt soared in the second quarter to its highest level in at least 20 years as government spending rose sharply in an effort to tame the coronavirus pandemic, official figures showed Wednesday. 

W140 Full Story
UK Economy Shrinks 19.8% in Q2

Britain's economy shrank by a record 19.8 percent in the second quarter, entering recession on the coronavirus lockdown, but the contraction was less severe than first thought, official data showed Wednesday. 

W140 Full Story
Former IMF Chief Rato Acquitted in Spain Bank Trial

Former IMF chief Rodrigo Rato and all other defendants put on trial on accusations of fraud and falsifying the books in the 2011 stock listing of Spain's Bankia bank were acquitted on Tuesday.

W140 Full Story
Volkswagen to Pump 15 Billion Euros into China's Electric Cars

German car giant Volkswagen on Monday announced a fresh 15 billion euro ($17.5 billion) splurge on China's vast electric vehicle potential.

W140 Full Story
France Unveils Big Budget as Virus Cases Worsen

France launched a free-spending budget plan on Monday, saying a fresh spike in new Covid-19 cases justified its unprecedented loosening of the purse strings.

W140 Full Story
Stock Markets Surge, Pound in Focus

Global markets surged higher Monday as bargain-seekers moved in following sell-offs triggered by virus spikes and the return of some economically damaging containment measures.

W140 Full Story
Uber Wins London License after Appeal

Uber on Monday won a London court appeal, allowing the U.S. ride-hailing giant to operate in the capital for the next 18 months, after a judge ruled it was a "fit and proper" firm despite safety concerns.

W140 Full Story
Asian Markets Rise after Tough Week but Optimism at a Premium

Asian markets rose Friday on bargain-buying after another torrid week for investors, who are growing increasingly concerned about US lawmakers' failure to even hold talks on a new stimulus and surging virus infections that are prompting fresh containment measures.

W140 Full Story