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Published:Wednesday | October 7, 2015 | 12:00 AMAP

China's slowdown and tumbling commodity prices will push global economic growth this year to the lowest level since the recession year 2009, the International Monetary Fund (IMF) predicted Tuesday.In a report Tuesday in advance of the IMF-World Bank...

Published:Wednesday | October 7, 2015 | 12:00 AMAP

Cybercrime costs are climbing for companies both in the United States and overseas amid a slew of high-profile breaches, according to research released Tuesday.A sixth annual study by the Ponemon Institute pegged the average annual cost of...

Published:Wednesday | October 7, 2015 | 12:00 AMAP

American Apparel has filed for Chapter 11 bankruptcy protection almost a year after ousting founder Dov Charney, who is now locked in a contentious legal fight with the retailer.American Apparel cautioned in August that it didn't have enough...

Published:Friday | October 2, 2015 | 12:00 AMAP

General Motors plans to cut US$5.5 billion in manufacturing, purchasing and administrative costs during the next three years, helping to finance a big push into autonomous cars and car- and ride-sharing services. The company told Wall Street...

Published:Friday | October 2, 2015 | 12:00 AMAP

Brazil economy plunging with no relief in sightA currency hitting historic lows. Unemployment at a five-year peak. Consumer spending in the dumps, and a grinding political crisis that's frozen leaders' ability to push through Congress measures to...

Published:Friday | October 2, 2015 | 12:00 AMAP

Chinese investors fined for violating 'no sell' orderChina's securities regulator has announced the first penalties for violators of a ban imposed in July on stock sales by major shareholders as part of frantic government efforts to stem a slide in...

Published:Thursday | October 1, 2015 | 12:00 AMAP

Google is countering the release of Apple's latest iPhones with two devices running on a new version of Android software designed to steer and document even more of its users' lives.The Nexus 6P and Nexus 5X unveiled Tuesday are the first...

Published:Wednesday | September 30, 2015 | 12:00 AMAP

Royal Dutch Shell is giving up on its expensive and controversial push to produce oil in Alaska's Arctic waters "for the foreseeable future" - a decision that darkens the long-term oil prospects of the US and brings relief to environmental groups...

Published:Wednesday | September 30, 2015 | 12:00 AMAP

BMW may be the next automaker in the sights of United States safety regulators.The National Highway Traffic Safety Administration (NHTSA) says it's investigating the company's Mini brand because it may have been slow to fix cars that did not...

Published:Monday | September 28, 2015 | 9:08 PMAP

Royal Dutch Shell has abandoned its long quest to become the first company to produce oil in Alaska's Arctic waters, darkening the nation's long-term oil prospects and delighting environmental groups that tried to block the project. After...

Published:Friday | September 25, 2015 | 12:00 AMAP

Canada's finance mini-ster says Canada is not in recession now and was not in recession in the first half of the year, despite data showing otherwise.Joe Oliver said in an interview with The Associated Press the downturn was largely confined to the...

Published:Friday | September 25, 2015 | 12:00 AMAP

If you are driving a diesel-powered four-cylinder Volkswagen, you're stuck with a fun-to-drive machine that is belching unhealthy pollutants from its tailpipe.Until the company figures out how to fix its bogus emissions controls, there is not much...

Published:Wednesday | September 23, 2015 | 10:54 AMAP

Volkswagen CEO Martin Winterkorn stepped down Wednesday over a scandal in which the German carmaker admitted to rigging its diesel cars' emissions to pass United States tests. In a statement, Winterkorn said he took responsibility for the...

Published:Wednesday | September 23, 2015 | 12:00 AMAP

The crisis enveloping Volkswagen AG, the world's top-selling carmaker, escalated Tuesday as the company issued a profit warning following a stunning admission that some 11 million of its diesel vehicles worldwide were fitted with software at the...

Published:Wednesday | September 23, 2015 | 12:00 AMAP

Relief washed over the bond market last week after the United States Federal Reserve decided to hold off on hiking interest rates. But many investors were left to wonder: Was it just a temporary reprieve?The stakes are high for bond mutual funds,...

Published:Monday | September 21, 2015 | 1:35 PMAP

The leader of the South American country of Guyana said Saturday that he will seek intervention from the International Court of Justice to help settle a border dispute with neighbouring Venezuela. President David Granger said he plans to tell the...

Published:Monday | September 21, 2015 | 1:03 PMAP

Pressure piled on the head of Volkswagen on Monday in the wake of an emissions-testing scandal that's seen around €15 billion (US$16.9 billion) wiped off the company's market value. Following revelations that the German carmaker had...

Published:Sunday | September 20, 2015 | 12:00 AMAP

Amazon is dangling a US$50 tablet computer in its latest attempt to lure consumers who can't afford or don't want the more expensive Internet-connected devices made by Apple and other rivals.The 7-inch Fire tablet unveiled Thursday marks Amazon's...

Published:Thursday | September 17, 2015 | 12:00 AMAP

The makers of Budweiser aren't satisfied with being the kings of beer. They want an empire.Anheuser-Busch InBev, the world's biggest brewing company and the owner of Budweiser, announced Wednesday it wants to buy SABMiller, the second-largest brewer...

Published:Wednesday | September 16, 2015 | 10:40 AMAP

The world's two biggest brewers could be joining forces after Anheuser-Busch InBev, the maker of Budweiser and Corona, said Wednesday it has made a takeover approach to SABMiller Plc, the owner of Miller Genuine Draft and Peroni. While no...

Published:Wednesday | September 16, 2015 | 12:00 AMAP

China's Communist Party issued a long-awaited blueprint for overhauling bloated state industries while retaining the party's dominance in the economy.The government of President Xi Jinping is under pressure to reverse an economic slowdown and reduce...

Published:Wednesday | September 16, 2015 | 12:00 AMAP

The US Virgin Islands has filed a lawsuit against American oil company Hess Corp for more than US$1 billion, alleging the firm abandoned a massive oil refinery it had pledged to run through to the year 2022.Within hours of the filing Monday, the...

Published:Wednesday | September 16, 2015 | 12:00 AMAP

Preorders for its latest iPhone have been so strong that Apple expects to surpass last year's record, when it sold 10 million phones during the first weekend.Apple began taking preorders for the iPhone 6s and iPhone 6s Plus on Saturday.The new...

Published:Tuesday | September 15, 2015 | 12:00 PMAP

BMW CEO Harald Krueger collapsed Tuesday during a news conference at the Frankfurt auto show and was helped offstage by staff. His condition was not serious, the company said later. Krueger stumbled backward and fell on his back during the first...

Published:Friday | September 11, 2015 | 12:00 AMAP

Puerto Rico is bracing for widespread spending cuts after the government released a long-awaited fiscal reform plan on Wednesday that would reduce much of the island's US$72-billion public debt and calls for restructuring the remainder at the...

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