Our Great City
Updated: 56 min 57 sec ago
Five years after Dubai teetered on the brink of financial disaster, there are signs emerging that the emirate's IPO market is returning to life as the owner of the world's largest shopping mall prepares to sell shares to the public.
Luxottica Group SpA, the world's largest eyewear maker, said Andrea Guerra had stepped down as chief executive, as expected, after almost 10 years.
French telecom company Iliad said it is in talks with several potential partners to file a new bid for control of U.S. operator T-Mobile US.
European Union antitrust officials have sent a detailed questionnaire to competitors and customers of Facebook and message service WhatsApp as they probe the proposed $19 billion deal.
The troubles for U.S.-based food processor OSI are a lesson in the perils faced by foreign companies in China, when operations are under unprecedented scrutiny and negative publicity can destroy a business almost overnight.
Malaysia's government is on track to introduce a long-delayed consumption tax of 6% in April 2015, Dato' Sri Abdul Wahid Omar, minister in charge of economic planning, said Monday.
Australia will ratchet up economic sanctions against Russia in response to its military action in Ukraine, with Prime Minister Tony Abbott saying Moscow risked becoming an "international pariah."
In the latest restructuring move among Samsung Group companies, the shipbuilding and engineering businesses of South Korea's largest conglomerate said they will merge.
OSI will let an arm of U.S.-based Golden State Foods manage a China plant, as OSI attempts to rebound from accusations that it sold past-due meat.
Italy has joined France in contraction, while German factories had their most sluggish month since September last year. By contrast, activity in Greece expanded, while Ireland's factories had their strongest month since late 1999.
Europe's struggle to prevent ultralow inflation from derailing an already fragile economic recovery grew even more challenging as consumer prices weakened to a five-year low in August.
British engineering company may lose its role as sole engine provider for the Pentagon's V-22 aircraft, as the U.S. military explores ways to cut costs.
Heineken has sold its Mexican packaging business to Crown Holdings for $1.23 billion in cash, allowing the Dutch brewer to tighten its focus on beer and the U.S. group to entrench its beverage-can business in North America.
China has given Microsoft 20 days to provide a written explanation of what was described as problems with compatibility and bundling, adding pressure on the company amid an antitrust investigation.
China's economy faces further headwinds after two measures of factory output decelerated in August, adding pressure on Beijing to stimulate growth to meet the nation's annual target.
A Toyota affiliate started construction on its first commercial hydrogen refueling station, in an effort to support the car maker's planned introduction of a hydrogen-powered fuel-cell car next year.
A nuclear reactor Areva is building with Siemens in Finland is now estimated to start operations in 2018, nearly a decade later than originally planned, the French nuclear group said.
Chinese companies are reporting profit hits from the weaker yuan, after borrowing billions of dollars from the U.S., Hong Kong and elsewhere abroad—and the problem is likely to continue.
Germany's economy contracted in the second quarter after a robust start to the year, the Federal Statistics Office confirmed, putting pressure on policy makers to move ahead with measures to boost the economy.