Business News

Feel good factor keeps world stocks near record highs, oil jumps

After two large crude production bases in Libya began shutting down, oil prices rose to their highest in more than a week

Jan 20, 2020

By Reuters

China confident of stabilizing industrial growth in 2020

Miao said that China will increase investment in research and development and use other policy incentives to help promote innovations as well as upgrade the manufacturing sector

Jan 20, 2020

By Reuters

Refined palm oil cargoes stuck at Indian ports after import curbs

Market reports showed that Malaysia, the world's second-biggest producer and exporter of palm oil, suffer a biggest weekly drop in over 10 years

Jan 20, 2020

By Reuters

UFO to strike Lufthansa again? Cabin crew union threatens longer strikes

The airline company's cabin crew had earlier staged two strikes in November and December last year that saw hundreds of flights getting cancelled

Jan 20, 2020

By R. Ghosh

Lotte Group founder Shin Kyuk-ho dies at Seoul aged 97

Shin Kyuk-ho started manufacturing chewing-gum in 1948 in Japan and turned the family business into the fifth largest conglomerate in South Korea

Jan 20, 2020

By R. Ghosh

Samsung

China exports and imports fall more than expected in July due to weakening demand

China will increase imports from US according to 'market principles': official

The United States provides a high quality of supply in the fields of energy, manufactured goods, agricultural products, medical care and financial services, as stated by NDRC

Jan 19, 2020

By Reuters

Toyota to move Tocoma pickup production from US to Mexico

The Japanese carmaker will instead produce Seuquoia SUVs in its San Antonio factory in Texas, recently got an investment of $700 million and 150 workers

Jan 19, 2020

By R. Ghosh

Best Buy launches probe against allegation of misconduct by CEO Corie Barry

Best Buy faced similar issue in 2012 when its then CEO Brian Dunn was accused of personal misconduct at workplace

Jan 19, 2020

By R. Ghosh

Boeing finds out new glitch with 737 Max flight computers - Report

The new glitch does not relate to the software revisions the embattled aircraft maker carried out to solve the problems that led to the MAX 737 crashes.

Jan 18, 2020

By Jacob J

Indonesia to complete infrastructure development in super-priority tourism destinations

A high-quality infrastructure is vital in boosting the tourism sector's growth

Jan 18, 2020

By Yasmin Rasidi

Facebook sued by 4 US tech companies for alleged anticompetitive practices

The plaintiffs in the lawsuit have alleged Facebook of inappropriately revoking developer access to its platform in order to harm the companies

Jan 18, 2020

By R. Ghosh

Facebook Mark zuckerberg

police-forcibly-remove-coal-mine-protesters-from-ancient-forest

How is Indonesia going solar?

Solar energy is the cleanest alternative energy resource to replace fossil fuel as it does not produce emissions and contaminate water or other parts of the Earth

Jan 17, 2020

By Yasmin Rasidi

Sewelo, the tennis ball-sized diamond, is in Louis Vuitton's court

Louis Vuitton acquires the second largest diamond from Canadian mining company soon after the acquisition of America's Tiffany and Co.,

Jan 17, 2020

By Parvathy Rajagopal

Renault expects slight 2020 car market decline in Europe, Russia and China

Renault has suffered from August 2018 due to the closure of the Iranian market where the company had sold around 101,000 vehicles, which it was not able to do last year

Jan 17, 2020

By Reuters

Amazon CEO Jeff Bezos visits Gandhi Tomb, meets Bollywood stars; plans to invest $1bn in India

Jeff Bezos visits India and travels sporting traditional kurta, flies kites and plans to expand his company's reach to outdo Flipkart-- as local business owners protest

Jan 17, 2020

By Karan Ashwath

Amazon prime

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