International News - Page 14

Nuclear cooperation agreement: Australia, India to sign uranium export deal

Prime Minister Tony Abbott told Parliament he would sign a nuclear cooperation agreement with newly elected Indian Prime Minister Narendra Modi during a three-day visit to Mumbai and New Delhi

Celeb accounts were hacked for nude pics, iCloud safe: Apple

Apple said its engineers have determined that hackers breached individual accounts and didn't obtain general access to a pair of the company's services

Not just Canada move: Here's how Burger King has been cutting US tax bill for years

Burger King may have taken a lot of flack in the past week for a deal that should curb its US tax bill but in many ways it is consistent with the burger chain's aggressive tax-reduction strategies in recent years.

Potential downgrade? Protests in Pakistan threaten promises made to IMF

The International Monetary Fund (IMF) saved Pakistan from possible default last September by agreeing to lend $6.6 billion over three years

Want to invest in Alibaba's IPO? Check out its strange business structure first

Alibaba's online and mobile commerce businesses will be controlled by a "variable interest entity," an arrangement meant to allow investors to buy into Internet and other businesses in which Beijing bans or limits foreign ownership

Novartis banks on new blockbuster heart failure drug to hit new highs

Investigators working on the study and the company itself believe it has potential to replace drugs that have been central to treating heart failure for a quarter of century, opening up a multibillion-dollar sales opportunity.<br />

IMF executive board backs MD Christine Lagarde over corruption probe

Lagarde, 58, has been questioned about her role in awarding compensation to businessman Bernard Tapie in 2008.<br />

Foreign clients move Rs 25 lakh cr away from Swiss banks in last 6 years

While there are no specific data for money that could be of Indians, this includes outflows to the tune of 100 billion Swiss francs that are related to fine payments in the context of declaration of untaxed money, as per a new study by PwC.<br />

Chinese e-commerce firm Alibaba's IPO expected in early September

The much-anticipated sale or initial public offering (IPO) could raise more than $20 billion, making it the biggest technology listing in the United States.<br />

To challenge Alibaba, China's biggest property developer Wanda to set up $800 mn e-commerce JV

The e-commerce company will be registered in Hong Kong. After a test run this year, its online services will be formally launched next year.

From World's Best Crew to double disasters in 2014: Brief timeline of Malaysia Airlines

Key dates in the history of Malaysia Airlines from its start as a one route airline until its almost unfathomable double passenger jet disasters in 2014.

Wage wars: Strike by Lufthansa pilots leaves over 100 flights grounded

More than a hundred flights, mostly domestic connections from airports in Cologne, Stuttgart, Duesseldorf, Dortmund, Hannover, Hamburg and Berlin, were grounded by the strike.<br />

Adani Enterprises buys Australia coal mine royalty rights from Linc for $145 mn

The deal comes amid growing questions on whether Adani will eventually go ahead with a project to build what would become Australia's biggest coal mine, amid opposition from green groups and a slump in coal prices to five-year lows.

Profit not tax evasion: Why Buffett is investing in Burger King's Tim Hortons deal

Warren Buffett always talks about elevated tax rates for the upper class but now scenario seems to be opposite when it comes to his own involvement.

Forget smartphones, now make and recieve calls with this Samsung smartwatch

Samsung Gear S is world's first smartwatch capable of making and receiving calls without a mobile phone nearby.

Chinese supplier for Samsung, Lenovo denies using child labour

Other multinational companies, including Apple Inc, have been plagued by revelations of underage workers in their supply chains.<br />

Anti-trust probe: Microsoft CEO Satya Nadella to head to China

It is not clear if Nadella, who took over as Microsoft CEO in February, will meet with any Chinese government representatives as part of his visit.

Charged with negligence in graft case, IMF's Christine Lagarde says she's innocent

Asked whether she intended to resign from the IMF, Lagarde said she didn't.

World's biggest mobile chipmaker Qualcomm may face EU antitrust probe

An EU probe would come at an awkward time for Qualcomm, which is seeking to end an investigation by China's pricing regulator into monopoly practices.

Dalian Wanda plans $813 mn e-commerce splash with Tencent, Baidu

The e-commerce venture, which will be 70 percent owned by Wanda and 15 percent held by Tencent and Baidu respectively, is set to be announced later this week.

Chinese antitrust regulator says Microsoft's software sales weren't transparent

Microsoft has been suspected of violating China's anti-monopoly law since June last year.

Amazon buys video game live-streaming company Twitch for $970 mn

The acquisition involves some retention agreements that push the deal over $1 billion

It's official: 'Guardians of the Galaxy' is the summer's top-grossing film

With an estimated $17.6 million in its fourth weekend of release, the Marvel space adventure passed "Transformers: Age of Extinction" to become the summer's biggest US hit.

Scotland's whisky industry frets as vote for independence looms

Whisky makers and many other businesses are worried about the risks involved in finding themselves overnight in a new country with, among other things, a different currency.<br />

Russia hits back over US sanctions by shutting McDonalds outlets in Moscow

The federal office of the consumer safety watchdog ordered checks of McDonald's outlets stretching from the European portion of Russia across the Ural Mountains and into Siberia.

Hewlett-Packard posts surprise revenue gains after PC sales rise

Hewlett-Packard sales rose a mere 1 percent to $27.6 billion in its fiscal third quarter from $27.2 billion a year earlier. Wall Street analysts had forecast a modest drop in revenue to $27.01 billion.<br />

Citigroup continues cutting retail ops, considers sale of Japan business

The US company's 33 retail branches are mostly located in the greater Tokyo area, with deposits worth 3.9 trillion yen ($39 billion).<br />

Goodbye Microsoft: Ex-CEO Ballmer quits company board to focus on NBA team, teaching

Ballmer, 58, paid an NBA-record $2 billion for the Clippers. On Monday he greeted several thousand fans gathered at the team's Staples Center home with the trademark screams that punctuated employee meetings at Microsoft.<br />

Wall Street jump takes stock index to 14-year-high on fading Ukraine worries

U.S. bond prices dropped and the dollar rose after dipping on Friday, when the government in Kiev said its artillery had hit a Russian armored column. Russia denied its forces had crossed into Ukraine.<br />

Mercedes-Benz guilty of price manipulation in after-sales services, says China

The Jiangsu Province Price Bureau, which launched its investigation last month, found evidence of anti-competitive practices after raiding Mercedes-Benz dealerships in the province as well as an office in Shanghai