Result Page 59 for Latest World News & Archive

World

Air France negotiation over pilot unions failed; 2,900 jobs at stake

Air France will cut nearly 3,000 jobs starting Monday. Reports say this is due to the airline's proposal that was rejected by the pilot unions.

Oct 04, 2015 9:55 PM EDT

News

Major French telecom groups are applying for 4G mobile spectrum auction

Four major French telecom groups had submitted their application to enter the low-spectrum airwaves bidding set to be held this November. The auction will see the government raising a substantial amount from the tangible assets.

News

Exxon Mobil is fined $2.63 million

The court had ruled out that Exxon Mobil is required to pay a total of $2.63 million in fine. The company is found guilty of committing several offences according to the final report released by the Pipeline and Hazardous Safety Administration.

News

Lack of clarity over US data put pressure on Asian stocks

The uncertainty over US data and timing of interest rate hike put further pressure on Asian stocks. Investors are looking to US jobs data to be announced on Friday for positive triggers that can boost the markets.

Wall Street suffers worst quarter since 2011

The third quarter ending September recorded worst performance on Wall Steet since 2011 as Dow Jones and other indices fell over 10 percent. Market analysts say that it was a much-needed correction for the US stocks after continuously rose for 1,326 days.

Oct 02, 2015 2:04 AM EDT

Rising China spoiling party between the US and Japan

The 70th founding celebrations of US held in New York clearly demonstrated the rising power China in the global matters and diminishing importance of Japan. Shinzo Abe, Japan President, couldn't meet Barack Obama, President of the US, and this raised many eyebrows. The US media also highlighted the Xi Jinpings schedule, while it didn't bother about the speeches and presentations made by Abe.

Oct 01, 2015 9:54 PM EDT

Aussie friends can now locate their mates using Facebook's Nearby Friends

It's time for Aussie Facebook users to shine as the popular platform brings them Nearby Friends feature. It allows users to locate the position of their nearby friends by creating a map with the exact location if one prefers and vice versa.

Oct 01, 2015 9:41 PM EDT

$57 million loan to fund the Renatosu Soma Solar Park

A solar farm will soon rise in Fukushima Prefecture in Soma City, Japan and will be funded by lenders and banks including Sendai-based 77 Bank and Mitsubishi UFJ. This a commitment reaffirmed by 77 Bank to invest in renewable energy aside from reconstructing and developing the economy.

Oct 01, 2015 9:40 AM EDT

US freezes assets of Islamic State supporters

The United States freezes the assets of Islamic State supporters to restrict their activities and stem the group's growing influence. Drawn upon CIA intelligence and information supplied by other countries, the sanctions are imposed on individuals and groups in the Middle East, Europe, and Asia.

Oct 01, 2015 9:20 AM EDT

Aviation deal on US-Cuba air service likely this year

After decades of gap, the airlink between the US and Cuba is poised for restoration very soon. The officials from both the nations recently concluded their meeting and have decided to hold the discussions again before the end of this year. The US government has already framed new rules enabling American airlines to fly to the Cuba. At present, only chartered flights are operational.

Oct 01, 2015 9:01 AM EDT

Founder and CEO Ralph Lauren steps down; appoints Stefan Larsson as successor

Founder-designer Ralph Lauren quit the role of the Ralph Lauren Corporation's CEO. He appoints Stefan Larsson for the position. Lauren will still remain as chief creative officer and executive chairman.

Sep 30, 2015 5:05 AM EDT

Castro knocks out U.S. trade embargo at UN

For the first time Cuban president, Raul Castro spoke and addressed UN officials to help lift the embargo placed to his country by United States since 1960. He stressed that is the main obstacle for Cuba's progress.

Sep 30, 2015 4:50 AM EDT

Barrick Gold Corp buys back part of outstanding debt

Barrick Gold Corp has taken up a debt reduction program. The world's largest bullion producer is aiming to reduced debt by $3 billion this year and $2 billion in 2015. The drop in gold prices is squeezing the margins of the miner. Moody's has lowered its credit rating.

Sep 30, 2015 4:49 AM EDT

Comcast to acquire majority stake in Universal Studios Japan

Comcast Corp. is acquiring a majority stake in Universal Studios Japan Co. for $1.5 billion. This is a milestone for the US cable company, which has been seeking opportunities for global growth, after failing to buy Time Warner Cable Inc. in April.

Sep 29, 2015 6:37 PM EDT

China slaps fine on Microsoft's Chinese JV over Xbox

Microsoft Corporation's Chinese JV has been fined $31,430 over antitrust rules related to Xbox marketing measures. However, Redmond-based IT major escaped from a major penalty as the Chinese government's probe didn't find any major fault on Microsoft pertaining to breaching antitrust rules.

Sep 29, 2015 6:32 PM EDT

Nike, Under Armour top racers on Wall Street

Athletic apparel makers Nike and Under Armour have been doing very well on the Wall Street this year so far. Under Armours' stock rose 50 percent and Nike gained 27 percent of year-to-date (YTD) gains on the Wall Street.

Sep 29, 2015 9:31 AM EDT