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As of the end of June this year, US consumer credit-card debt has surpassed a record set just before the global financial system almost collapsed in 2008.

Alibaba profit nearly doubles on robust revenues

Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing.

Philippine economy surges, defies concerns

The Philippine economy grew by 6.5 percent in the three months to June, likely one of the fastest in Asia, the government said Thursday, defying concerns over President Rodrigo Duterte's unconventional leadership.

Mexico hit by spreading fallout of Odebrecht scandal

Mexico is the latest country caught up in the swirling scandal over Brazilian construction firm Odebrecht's multi-million-dollar bribes -- and while heads are unlikely to roll, the political and economic fallout could get ugly, analysts warn.

Troubled Cathay loses HK$2.05 billion in first half 2017

Hong Kong flag carrier Cathay Pacific on Wednesday reported a massive net loss of HK$2.05 billion ($262.07 million) for the first half of the year as the airline struggled with intense competition from rivals.

Warning from history: Could Japan-style crash hit China?

Sizzling property prices, a groaning debt load, wealthy tourists and tycoons willing to slap down eye-popping sums for art: China is starting to look like Japan before its economic bubble burst in the early 90s.

Forget oil, Russia goes crazy for cryptocurrency

Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money.

Trump, the businessman president, loses CEO support

The honeymoon is definitely over.When US President Donald Trump was elected last November, big business rejoiced.

Major oil companies quietly investing in clean energy startups

The energy choices we make today will have a huge impact on our health, our climate and our economy for decades to come. This is why major oil companies have joined Silicon Valley in backing clean energy technology startups.

UK to seek 'temporary customs union' after Brexit

Britain said on Tuesday it would seek a "temporary customs union" with the European Union after Brexit, in an opening gambit for trade negotiations that received a cool response from Brussels.

NY goes back in time with revival of hand-painted ads

Once outdated relics in a digital world, painted advertisements are flourishing once again in New York, putting a dose of hip attitude into 21st century commercial art in the city that never sleeps.

Google may have paid Apple $3 bn to remain iPhone's search engine

Apple won't say what the exact number is, but Google pays a substantial amount of money to Apple in order to remain the default search engine on iPhones and iPads.

China warns against 'trade war' with US

China warned Monday that nobody would win in a "trade war" with the United States as President Donald Trump prepared to launch an investigation into Chinese intellectual property practices.

China industrial output slows sharply in July

China's industrial output, a key engine of growth, slowed sharply in July as government efforts to rein in debt weighed on demand and economic activity, official data showed Monday.

Commonwealth Bank boss to retire amid laundering claims

The chief executive of Australia's biggest bank, the Commonwealth, will retire, the company said Monday, amid pressure from regulators over alleged breaches of money laundering and terrorism financing laws.

Oil and gas industry impacts on Canadian economy

Both Canada and the U.S. are in the top five oil and gas producing countries on the planet. However, the collapse of oil prices in 2014, along with the growth of renewable energy sources, has left many oil field workers out of a job.

Blockchain-powered supply chain tracker

Keeping control of the supply chain is key for customer satisfaction and to control goods; for pharmaceuticals it is also a regulatory requirement. To product medicines a new high-tech sensor has been developed.

Full suite of megawatt-scale energy storage solutions rolled out

Vermont-based Northern Power Systems Corp., a provider of distributed energy power systems, is now offering a suite of energy storage solutions that incorporate various battery types and capabilities, depending on the application and end-user need.

Amazon calls a $350,000 truce on the cloud wars

If you can't beat them, join them. That's what Amazon Web Services (AWS), did when it officially joined the Cloud Native Computing Foundation (CNCF) on Wednesday, just two weeks after Microsoft joined as well.

Charger stations for EVs a growing technology-related market

Technavio’s report on the global electric vehicle (EV) charger market analyses some of the most important trends expected to impact the tech-related market outlook over the next few years.

India says economy could slow down

India's economy is at risk of slowing down in the current fiscal year, the government said in a mid-year economic survey Friday.In February, the government had forecast GDP growth of between 6.75 percent and 7.5 percent for 2017/18.

OPEC pumps more oil in July despite cut pledge: IEA

OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel's pledge to cut output to raise prices.

Anger over calls to limit air-con for Hong Kong maids

Calls to restrict air conditioning for Hong Kong's domestic maids amid sweltering summer temperatures were dubbed inhumane by rights groups Friday, after a politician suggested helpers should get "used to the hot weather".

RCA producing 'smart' Roku TVs increasing competition

Roku TVs are smart TVs in that they have built into them the functions of the Roku streaming player which makes available many channels, some free but others paid.

Petrobras profits plummet in second quarter

Brazil's troubled oil giant Petrobas on Thursday reported a 93 percent drop in profits in the second quarter of 2017 from the previous three months.Petrobras reported 316 million reais profits ($100 million), down from 4.4 billion in the first quarter....

Credit Suisse bars trades on some Venezuelan bonds

Credit Suisse barred its traders from transacting some Venezuelan government bonds and required other Venezuela-connected transactions to undergo a special review for reputational risk, a bank spokesman said Thursday.

Highest-paid men earn $200,000 more than the women in the U.S.

In 49 states, the average salary for a woman in the top two percent is below the national average of $206,000. Only women in Connecticut and Washington DC earn more than $206,000 on average.

French start-up takes off with flight-sharing app

A French start-up is reaching for the skies with a flight-sharing app, matching pilots with passengers looking for a low-cost way to take off in a private aircraft."It's a great way to get on planes. It's quite a unique experience.

How CEO Evan Spiegel could copy Mark Zuckerberg

To save Snap's stock from falling further, CEO Evan Spiegel could turn the tables and copy Facebook's Mark Zuckerberg. About five years ago, Facebook was in a similar position as Snap is in now.

Madrid pushing for Eurozone budget: PM

Spain will call for a eurozone budget and finance minister to oversee it at an August 28 summit with France, Germany and Italy, Prime Minister Mariano Rajoy said Monday.

Op-Ed: Nuclear power is losing ground but it still needs our support

Nearly a decade ago, planning began for two new nuclear power plants in eastern Georgia. But as of this week, the two plants have yet to be built, and another pair of utilities in South Carolina canceled construction on two nuclear reactors.

Macron mini tour to focus on temporary workers

French President Emmanuel Macron will focus on the free movement of labour with a three-day mini tour of eastern EU states starting August 23, his office said Monday.

Renault signs 660 mln euro deal with Iran

French automaker Renault signed on Monday a long-awaited joint venture deal with Iran worth 660 million euros ($779 million) to build up to 300,000 cars per year.

Strong euro worries Europe's exporters, but little risk to growth

Some European exporters are beginning to worry about the strengthening euro which has rebounded from near parity with the dollar after Donald Trump's election, though analysts see little immediate risk to growth.

Syria's traditional oud-making on the decline

Antoun Tawil, one of Syria's last traditional lute makers, waits in vain in his Damascus workshop for orders of the oud, an instrument his country was once renowned for producing.

Bank of Cyprus set to go digital

Banking, like other sectors, is embracing digital transformation. What does this mean from the financial perspective and how should a bank go about the process? The Bank of Cyprus provides the answers as it embarks down the digital path.

Artificial intelligence will say whether you get a bank loan

Next time you ask your bank for a loan in may not be the domineering bank manager who decides. Instead the decision could be made by artificial intelligence; a sign of another step in the digital transformation of the finance sector.

Op-Ed: The only drug to stop an overdose skyrockets

While the opioid crisis continues to grow in the United States, pharmaceutical companies manufacturing the only remedy for reversing an overdose, naloxone, have raised their prices - an astonishing 500 percent.

UK prepared to pay 40bn-euro Brexit bill: report

Britain is prepared to pay up to 40 billion euros ($47.1 billion) to the European Union to settle its accounts when it leaves the bloc, the Sunday Telegraph newspaper reported.

Nissan workers reject union bid at Mississippi plant

Nissan has defeated a bid by the United Auto Workers to unionize employees at a factory in the US Deep South, ending a bitter contest that critics said laid bare a racial divide in the company.

Toyota and Mazda link up to build $1.6 billion EV plant in U.S.

Toyota and Mazda on Friday announced plans to build a $1.6 billion auto manufacturing plant somewhere in the U.S., creating as many as 4,000 jobs building electric vehicles. The facility will produce 300,000 EVs a year and will be operational by 2021.
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