International News - Page 17

Modi factor: India avoids IMF ratings downgrade, global economy expected to slow

Out of the BRICS countries - Brazil, Russia, India, China and South Africa - only India avoided an IMF ratings downgrade, as business sentiment recovers after the country's election.<br />

Air Algerie flight from Burkina Faso crashed with 110 passengers on board

Algeria's state news agency APS said authorities lost contact with flight AH 5017 an hour after it took off from Burkina Faso

Fiat CEO says no tie-up with Volkswagen, inks deal with Renault for LCV

A German magazine earlier this month reported Volkswagen Chairman Ferdinand Piech had held talks with the owners of Fiat Chrysler about buying all or part of the group. John Elkann, the head of holding group Exor which controls Fiat Chrysler via a 30 percent stake, said at the same event as Marchionne that there was nothing else to add on the matter.

Pizza Hut, KFC sever ties with co at centre of China meat scandal, McDonald's doesn't

Yum Brands Inc, the parent company of Pizza Hut and KFC, severed ties with OSI Group after Shanghai police detained five people from the supplier's China meat-processing factory.

Facebook Q2 earnings beat Wall St estimates, stock hits record high

Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday.<br />

Russia trained, equipped rebels who shot down MH17: US

The United States and Ukraine have blamed Moscow and Russia-backed separatists for the tragic incident that killed all 298 people on board Malaysia Airline MH17. Russia has denied its direct involvement.<br />

Harley-Davidson's first attempt at outsourcing fails, earnings dip

For Harley-Davidson, they turned a happy debut into a near-debacle, as its second-quarter earnings released on Tuesday showed.<br />

Lupin, US firms plan bids for range of GSK drugs to be auctioned

Assuming a multiple of between two and three times those sales, the assets on the block could fetch between $3.5 billion and $5.0 billion.<br />

Expired meat: China food scandal hits McDonald's, KFC and Starbucks

A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as products of McDonald's Corp as far away as Japan.<br />

Malaysia Airlines flight over Syria: Can airlines avoid all conflict zones?

Malaysia Airlines said MH4's flight plan was in accordance with the International Civil Aviation Organization's (ICAO) approved routes.<br />

Playing with fire? After MH17 crash, Malaysia Airlines diverts London flight over Syria

Malaysia Airlines said in a statement yesterday that MH4's flight path was in accordance with routes approved by the United Nations' aviation agency International Civil Aviation Organisation's (ICAO).

Blocking Fox: Time Warner moves to bar shareholders from calling special meetings

Time Warner Inc's board moved to prevent its shareholders from calling special meetings, effectively throwing up a hurdle to any quick move to approve a potential takeover

Yahoo buys mobile analytics startup Flurry to beef up mobile advertising business

Yahoo is trying to revitalize a stagnant online advertising business as Chief Executive Marissa Mayer marks her second anniversary at the Internet company.<br />

US jury tells cigarette maker RJ Reynolds to shell out $23.6 bn to widow of smoker

A Florida jury has slammed the R.J. Reynolds Tobacco Co. - the No. 2 cigarette maker in the U.S. - with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker.

Products of Chinese meat supplier to KFC, McDonald's yanked off shelves

Local media in Shanghai reported that Shanghai Husi Food Company reprocessed meat products that had outlived their shelf life and supplied them to transnational fast-food chains.

What the new BRICS bank means for the World Bank, IMF

The mere creation of the two BRICS institutions sends a strong signal to Western powers, where some doubt the ability of the five powerhouses to surmount their individual needs and ambitions.<br />

Concerns mount as India's stance on food security could derail global trade pact

The row over subsidies has raised fears that the so-called "trade facilitation agreement", the first ever global trade agreement under the World Trade Organization, will be derailed.<br />

MH17 crash: Singapore Airlines apologises for insensitive social media posts

The post was in response to requests from customers who had asked for information about the airline's flight routes

Amazon unveils all-you-can-read e-book subscription

Subscribers to the Kindle Unlimited service, which costs $9.99 per month, can read the e-books on Amazon's Kindle reader or on any device that supports the Kindle app.<br />

Facebook comes up with a new trick to woo advertisers: A 'buy' button

The new service, which Facebook described on Thursday as a test with a "few small and medium-sized businesses" in the United States, represents the Internet social networking company's latest effort to play a bigger role in the e-commerce business.

Deleted social media posts suggest Ukraine rebels shot down Malaysian airline in error

Social media posts by pro-Russian insurgents -- most of them hastily removed -- suggest the rebels thought they had shot down a Ukrainian army plane before realising in horror that it was in fact a packed Malaysian airliner.<br />

Self-driving cars, jump in paid clicks help Google revenues grow 22%

Google reported on Thursday that its quarterly profit rose with a jump in revenue and released word that its chief business officer Nikesh Arora was leaving the company.

IBM's software business just grew 1% in Q2: Why is it worrisome?

The company's software business revenue grew 1 percent in the quarter to $6.5 billion, slower than forecasts of 3 percent, as it signed fewer contracts than expected.

MH17 crash: Can Malaysia Airlines survive this second tragedy after Flight MH370?

The Ukraine crash will surely inflict more financial damage on Malaysia Airlines.

Messaging service Line files for IPO, could be valued upto $20 bn

Line's parent company, South Korea's Naver Corp, said on Wednesday that Line had filed for an initial public offering in Tokyo.<br />

Malaysia Airlines Flight MH17 shot down over Ukraine: What we know so far

Here's what is known, and what has been claimed, about Thursday's crash of a Malaysian jetliner carrying 298 people in eastern Ukraine

Malaysia Airlines crash: Insurance woes for passengers, not for airline

Investigators will try to determine whether the Malaysia Airlines actually was hit by a missile or blew up of its own accord

Malaysia Airlines crash: Analysts point towards Soviet-era Buk missile system

As Russia and Ukraine trade blame over the apparent shooting down of a Malaysian airliner, they appear to agree on one thing: the type of Soviet-era missile that brought it down.

Satya Nadella swings axe to cut 18,000 jobs in Microsoft over next year

The news sent Microsoft's stock up 3 percent in premarket trading.<br />