Business
Latest stories
Saudi Says Oil Price Down Cycle 'Nearing End'

Saudi Oil Minister Khalid al-Falih said Sunday that the current down cycle of crude prices is close to an end as market fundamentals improve. 

W140 Full Story
EU, Canada to Decide Monday on Trade Pact Signing Summit

The European Union and Canada will decide on Monday whether to gather for a summit later this week to sign the imperiled CETA trade pact, a European source told AFP.

W140 Full Story
May to Lock Horns with First Ministers on Brexit Path

British Prime Minister Theresa May is to meet with the first ministers from Scotland, Wales and Northern Ireland to plot the path towards Brexit, her office said Sunday.

W140 Full Story
Reebok Starts Making Shoes in U.S. Again

Sports equipment manufacturer Reebok is bringing some of its shoemaking back to the United States, unveiling plans to open a new manufacturing lab next year using innovative liquid material and 3D drawing.

Some parts of the 300 pairs of shoes planned will come from Asia, but the most technical components will be manufactured in Wixom, Michigan, the company said Saturday.

W140 Full Story
Last-Ditch Talks Aim to Save EU-Canada Trade Deal

The head of the European parliament and Canada's trade minister held last-ditch talks Saturday aimed at salvaging a trade deal threatened by a Belgian region's refusal to sign on.

EU assembly chief Martin Schulz also planned an 11th-hour huddle with Paul Magnette, head of Wallonia's socialist government which is blocking the agreement between Ottawa and the 28-nation European Union.

W140 Full Story
EU's Juncker Hopes for Canada Trade Deal in a 'Few Days'

European Commission chief Jean-Claude Juncker said Friday he hoped that a stalled EU free-trade deal with Canada can be struck in the coming days.

W140 Full Story
MTN Denies Illegal Transfer of $14bn from Nigeria

South Africa's MTN has denied allegations it illegally transferred $13.9 billion from Nigeria with the collaboration of top officials, in the latest scandal to hit the telecoms company in its largest market on the continent. 

W140 Full Story
'Crazy' Hike in Saudi Visa Fees Could Impact Business Ties

A seven-fold hike in visa fees to do business in Saudi Arabia risks deterring the foreign investment needed to transform its oil-dependent economy, diplomats and other sources say.

W140 Full Story
EU Leaders Await Fate of Blocked Canada Trade Deal

EU leaders on Friday were anxiously awaiting a breakthrough with the small Belgian region of Wallonia that is blocking a vast free trade deal linking Europe with Canada.

W140 Full Story
ECB Keeps Key Interest Rates Unchanged

The European Central Bank kept its key interest rates at record lows at its policy meeting on Thursday, as calls grew for president Mario Draghi to shed light on his future stimulus plans. 

W140 Full Story