International News - Page 12

Au Revoir: Pilots stir force Air France to give up low-cost airline plan in Europe

The dispute has cost it up to 20 million euros ($25.70 million) a day and has come under political pressure within France to make concessions.

US market regulator probes Pimco's flagship ETF managed by Bill Gross

Bill Gross, the co-founder and chief investment officer of Pimco, and other executives have been interviewed by the SEC as part of the probe.

Junking minimalism: Ikea rethinks design strategy as tastes change

IKEA's sales boomed in part because it kept costs down by cleverly convincing customers to piece their purchases together themselves.

IPO effect: Alibaba's Jack Ma now China's richest person with $25 bn fortune

Ma reaped more than $800 million selling shares in the company he set up 15 years ago as Alibaba listed on the New York Stock Exchange.

Hakuna matata: Lion King the musical is top grossing music production of all time

The musical, which has been running on Broadway since 1997 and has been playing around the world, has exceeded the takings of the animated film of the same name, which are almost $1 billion.

The volume game: Airbus, Boeing clash over jet production strategy

A debate over the sustainability of record production and burgeoning orders for jetliners dominated an aviation gathering in Istanbul, where a minority of participants expressed fears of a glut while most remained confident about air transport growth.<br />

Merck to shell out $17 bn for US-based Sigma-Aldrich to boost lab supplies business

The deal is the biggest takeover in the German pharmaceutical company's history.

US market regulator SEC gives $30 mn award to whistleblower in fraud case

The whistleblower program was mandated by the Wall Street overhaul law enacted in 2010 in response to the financial crisis.

Stun guns to spiked batons: Number of Chinese firms making torture equipment jumps

The equipment fuels human rights abuses by law enforcement authorities in African and Southeast Asian states, rights group Amnesty International said.

Get this: Apple sells record 10 mn new iPhones in just three days

Apple Inc said it sold a record 10 million iPhones in the first weekend after its new, larger phone models went on sale in 10 countries on Friday.<br />

Alibaba sold 48 mn additional shares to make IPO biggest ever in world

Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares to make the company's IPO the biggest in the world.

Siemens to buy oilfield equipment maker Dresser-Rand for $7.6 bn

The move is expected to significantly boost Siemen's oil and gas business in North America.

Alibaba IPO raises $21.8 bn: 10 things you must know about the Chinese tech giant

Here are ten things to know about Alibaba, and why its initial public offering made history.

Hyundai bids $10 bn for Seoul land parcel without board approval, shareholders upset

Thursday's winning bid for the land sent shares in Hyundai Motor, Kia Motors and Hyundai Mobis plunging, wiping out $8 billion in shareholder value.

Seeking to change 'global economy's destiny', G20 nations remain divided

The G20's goal has seemed ever more distant as members from China to Japan, Germany and Russia have all stumbled in recent months.

40% jump in first day: Alibaba makes blockbuster debut on NYSE

The sharp demand for shares sent the market value of the e-commerce giant soaring well beyond that of Amazon, eBay and even Facebook.

Today China, tomorrow the world: Alibaba's IPO sets it up to go global

Most experts believe Alibaba's US invasion is a forgone conclusion.

Giving up the top spot: Oracle founder Larry Ellison steps down after 35 years as CEO

The billionaire tech pioneer, who has built Oracle into one of the world's largest data-software businesses, will now serve as the company's executive chairman and chief technology officer.

Microsoft gives notice to 2,100 employees in second round of layoffs

Thursday's cuts were spread over different countries and teams, a Microsoft spokesman said.

China to be biggest buyer, Asia expected to add 1,750 aircraft in 20 years: Boeing

South Asia is expected to add1,750 new aircraft worth USD 230 billion and recruit 33,000 pilots and 30,000 technicians during the next 20 years, says a projection by Boeing.

'Believe us, we don't sell your information': Tim Cook on user privacy after iCloud scandal

Apple CEO Tim Cook provided details of how the company handles users' personal information and reassured customers about Apple's commitment toward their privacy, in a letter published on its website.

Want to ride a space taxi? Boeing will give you a chance

The $4.2 billion, five-year contract allows Boeing to sell rides to tourists, Boeing Commercial Crew Program Manager John Mulholland said.

Prepare for costlier bling: De Beers warns diamond supply to fall from 2020

A dearth of major new diamond finds means that production might not keep up with ever-increasing demand from the United States, China and India, De Beers claimed.<br />

Stepping up: Luxury shoe brand Jimmy Choo could go public to raise over $1.14 bn

The IPO, which could value Jimmy Choo at more than 700 million pounds ($1.14 billion), will be the first in the luxury sector since Moncler's successful flotation in Milan last year

Yawn! US Fed repeats its vow to keep rates low for a 'considerable time'

The Fed also released a new blueprint for how it plans to exit the extraordinary monetary stimulus

Policy turn? After years of aggressive monetary stimulus, Fed could hint on rate-hike

The US Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus.

Bigger is Better: Reviews hail iPhone 6 as best smartphone ever made

Most reviewers say that the iPhone 6 is the best smartphone available or "ever made", while the 5.5-inch iPhone 6 Plus has been described as a "phablet" that will give competition to Samsung Electronics Co Ltd's Galaxy S line of 'big' Android phones.

Historic Milestone: Brazil out of World Hunger Map for first time

"Leaving the Hunger Map is a historic milestone for Brazil. We are very proud because overcoming hunger was a priority for the Brazilian state," Social Development Minister Tereza Campello said in a statement.

India on brink of 'urban revolution' but will need a whopping $827 bn to spruce up infra

Over the last two decades, India's urban population has increased from 217 million to 377 million and this is expected to reach 600 million, or 40 per cent of the population by 2031.