International News - Page 30

India's food security demands block $1 trillion WTO deal on customs rules

India had insisted that, in exchange for signing the trade facilitation agreement, it must see more progress on a parallel pact giving it more freedom to subsidise and stockpile food grains than is allowed by WTO rules.

Bad news: Apple to lay off 200 people from recently acquired Beats Electronics

The job cuts will mainly hit human resources, finance and other departments with significant overlap between the two, the news agency reported.<br />

Boeing to build biggest, longest dreamliner 787-10, expected in 2017

The newest and longest of three 787 models, the 787-10 also is eagerly awaited by airlines seeking its increased seating.

Red alert: Argentina default imminent as talks with holdout creditors break down

Argentine banks scrambled to put together a proposal to buy out the non-performing debt held by hedge funds and avert a default. <br />

Cost of strong stance? Some WTO members discussing customs deal without India

India has demanded the deal, which must be approved on Thursday, be accompanied by a parallel agreement giving it more freedom to subsidise and stockpile food grains than currently allowed under WTO rules.<br />

China should lower 2015 GDP target to 7%: IMF

The IMF cut its 2014 and 2015 economic growth forecasts for China last week. It had projected in April that the world's second-largest economy would grow 7.5 percent this year, and 7.3 percent next year.<br />

Volkswagen narrows gap between Toyota as global auto leader race hots up

Toyota, reigning at the top spot in the auto industry for two years in a row, announced relatively robust global sales growth of 3.8 percent for the first six months of the year to 5.097 million vehicles on Wednesday, a record first-half result.<br />

Finmeccanica settles with Italy prosecutors to end Indian chopper deal probe

India cancelled the 560 million euro ($750.85 million) order with Finmeccanica unit AgustaWestland for 12 top-end helicopters in January, citing a breach of integrity relating to alleged corruption.<br />

Facebook shuts down Gifts shop, mulls other ways to drive online sales

Facebook Gifts opened in 2012 as a way for users to buy gifts such as socks and teddy bears. But the service stopped selling physical goods after a year

Microsoft gave its employees a sneak peek at its new 'selfie' phone

The 4.7 inch (11.9 cm) screen 'selfie' phone, plus another high-end Windows Phone, are expected to launch soon, according to tech news site The Verge, which first reported the news.<br />

Kerry pledges US support for Modi's 'Sabka Saath, Sabka Vikas' vision

Kerry will be in New Delhi to co-chair the fifth annual India-US Strategic Dialogue with his Indian counterpart Sushma Swaraj

Earrings, dolls, wallets: Now Amazon lets you 3D print customised items

The new store also allows designer the opportunity to offer new items that can be customized. Consumers will be able to view the item from any angle with a 360 degree rotate view.<br />

Morgan Stanley to hike junior bankers' salaries by 25%: Report

Morgan Stanley has also introduced time-management guidelines and internal conferences on career development for junior and mid-level bankers

Airlines to push for independent guidance on airspace safety following MH17 crash

International Civil Aviation Organization (ICAO), has invited the heads of the airline industry and the world's air traffic control networks to discuss how to ensure that airliners are flying in secure airspace

Swatch plans fitness-based touch wristwatch in 2015: CEO

Swatch has in past rejected partnerships over smartwatches and voiced concern about being reliant on software and applications from other companies.

1% Chinese households control 33% of nation's wealth, says study

The report showed about 74.7 per cent of Chinese household wealth came from owning real estate.<br />

McDonald's takes chicken nuggets off menu in Hong Kong amid China food scare

McDonald's said in a statement late on Thursday it had imported certain products from Shanghai Husi between July last year to June this year, although no food items from the Shanghai supplier remained in stock.<br />

From botched IPO to bigger than Coca Cola: Is Facebook now an investor's delight?

Facebook's $190 billion market value makes it bigger than such bellwethers as Coca-Cola and AT&T

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).