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The bankruptcy of Japanese auto parts giant Takata may frustrate the legal challenges by victims harmed by the company's exploding airbags, which were part of the largest auto safety recall ever.

Global stocks mostly fall on oil price slump

Global stocks mostly tumbled on Wednesday, with the energy sector taking a beating as worries about excess supply and ineffectual OPEC policy hit oil prices.

Renewable energy gaining more traction and investors in U.S.

Renewable energy has taken off across the globe, and while renewables were considered a risky investment at first, bold advancements in technology have resulted in the generation of clean power into homes and businesses, and investors are taking notice.

Bankrupt Takata faces angry shareholders

Takata executives faced angry investors Tuesday after the company at the centre of the world's biggest auto safety recall filed for bankruptcy and said it was being bought by a US company.

Jack Dorsey's advice to entrepreneurs: 'Get out of PowerPoint'

COPENHAGEN, Denmark — Jack Dorsey's main piece of advice to entrepreneurs is don't spend too long dreaming about your idea — get out there and build it.

Glencore makes new bid for Rio's Australia coal assets

Rio Tinto said on Monday that Swiss commodities giant Glencore has upped its offer for the firm's Australian coal assets, raising the stakes in a bidding war with China-backed Yancoal.

Japan's airbag giant Takata files for bankruptcy

Japan's crisis-hit car parts maker Takata filed for bankruptcy protection Monday and said its chief executive would quit after a deadly airbag crisis that triggered the auto industry's biggest ever safety recall.

Italy to pay up to 17 bln euros to deal with two troubled banks: govt

Italy will pay up to 17 billion euros ($19 billion) to break up two insolvent Venetian banks, which have posed a threat to country's banking system, the government announced Sunday.

Soweto's urban entrepreneurs take on the world

At the back of Mandisa Zwane's typical yellow plaster-clad Soweto house is a bustling hive of activity set to a soundtrack of gospel music and crying babies that emanates from nearby.

Rome out to rescue two troubled banks

At the 11th hour, the Italian government has vowed to rescue two troubled Venetian banks with the aid of a retail bank, plus billions of taxpayer's cash.

Macron stumbles at EU summit over Chinese investments

EU leaders on Friday poured cold water on a proposal by French President Emmanuel Macron to hand Brussels more powers to control Chinese investments in strategic European industries.

Tesla eyes manufacturing in China

Tesla said Thursday it was considering the possibility of manufacturing in China as it ramps up for expansion of its line of electric-powered cars.

Sears Canada files for creditor protection

Sears Canada filed for court protection from creditors Thursday as the onetime retail giant seeks to adapt to a changed landscape and tougher online competition.

IBM's CEO on how blockchain will change the world

IBM has received more patents than any other company for the past 24 years. First it was cloud computing, then artificial intelligence. Now, the software giant wants to stay on top for a 25th year with blockchain.

Startup CEOs agree: Don’t do it like Uber Special

Corporations may give generously to charities to burnish their reputations, but only as long their profits aren’t at risk. But three startups are proving that philanthropy can be good business too.

Embattled Uber CEO Kalanick steps down

Uber said Wednesday that its embattled chief executive Travis Kalanick had agreed to step down from his job, as the company tries to clean up a corporate culture that has sparked charges of harassment and discrimination.

Embattled Uber CEO Kalanick steps down: NYT

Uber chief executive Travis Kalanick has stepped down from his job after a shareholder revolt made it untenable for him to stay, the New York Times reported on Wednesday.

Gulf states prepare for VAT in time of crisis

Oil-rich Gulf countries, which for decades have attracted millions of foreign workers thanks to their reputation as tax-free havens, aim to introduce value-added tax in 2018 to plug budget gaps.

Leading US-based index to include Chinese stocks for 1st time

Chinese stocks will be included for the first time in a leading US-based index of emerging market shares after three previous rejections, New York-based MSCI announced Tuesday.

Your Ford Focus to be built in China starting in 2019

Ford Motor Company will begin importing its Ford Focus compact car from China beginning in the middle of 2019, after scrapping plans to build the small car in Mexico.

Coal India still planning to shut 37 coal mines by end of year

Coal workers unions at Coal India and Singareni Collieries have postponed a three-day strike that was to have started today after the government agreed there would be no merger of retirement funds. However, Coal India is still closing 37 mines by 2018.

Fed interest rate hike will have only modest effect on consumers

The US Federal Reserve increased short-term interest rates by a quarter point on Wednesday to an upper limit of 1.25 percent. The increase will have a quite modest impact on consumer's borrowing costs.

Libya's oil production could reach one million barrels a day soon

Speaking to U.K. ambassador, Peter Millett, Libyan National Oil Corporation (NOC) chair Mustafa Sanalla claimed that Libya was on course to produce one million barrels per day by the end of July.

Amazon announces it will buy Whole Foods for $13.7 billion

In what is being called a blockbuster of a deal, e-commerce giant Amazon will acquire Whole Foods Market Inc. for $13.7 billion, including debt.

The 'two pizza rule' is Jeff Bezos' secret to productive meetings

On Friday, Amazon announced that it would purchase Whole Foods for $42 a share in an all-cash deal. That puts Amazon CEO Jeff Bezos at the helm of a company valued at $13.7 billion.

Coal production globally sees biggest drop on record

As global renewable energy production hits record levels, worldwide coal production has declined by record levels, according to BP’s June 2017 Statistical Review of World Energy.

Mercedes' US home of Alabama shudders at harsh Trump trade talk

President Donald Trump's harsh criticism of Germany's trade practices is sowing concerns in rural, Republican Alabama, where Mercedes-Benz has been an economic engine for two decades.

After driving Uber to heights, Kalanick downshifts

Travis Kalanick has been the driving force behind Uber, taking a spur-of-moment idea and turning it into the world's most valuable venture-funded tech startup.

Uber weighs shake-up as inquiry report looms

Uber on Monday was mulling a shake-up of top management, including a possible leave of absence for its chief executive, as the ridesharing giant prepares to release results of an independent inquiry into misconduct and ethical practices, reports said.

Op-Ed: The new face of financing? Crowdfunding grows up, adds scope

Crowdfunding was universally acclaimed a decade or so ago, after everyone said it was a fad. Now, it’s turning in to a “due diligence” financial operation, and even developing political legs.

Competition for offshore wind ramps up in Massachusetts

Massachusetts appears to be on track to become the nation's leader in offshore wind power, with three companies, including two from Denmark and one based in New England prepared to bid on the contracts.

European mobile operators brace for end of roaming charges

Long an important source of revenue for telecom companies, roaming charges will be lifted in Europe starting June 15, raising pressure on operators in a tight market.

US Fed to raise rates despite sluggish economic data

For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the world's largest economy is not in peak condition.

Op-Ed: More Canadians using their home equity to borrow

According to some Many Canadians may now be turning to their home equity as a way to raise money to fund a lifestyle that could be unaffordable for some.

Pound dives as Britain thrown into chaos by shock vote

The pound plunged almost two percent Friday as Prime Minister Theresa May looked set to lose her majority in Britain's general election, fuelling political uncertainty just days before the start of Brexit talks.

After worker's death Libya's largest oil field shut down

Sharara, the largest oil field in Libya shut down due to a worker's protest. The workers are protesting the death of a colleague according to a source who could not be identified as he she was not authorized to speak to the media.

IMF urges Cyprus to reduce bad loans, push reforms

The International Monetary Fund on Thursday praised Cyprus for making progress since it exited a bailout regime but called on it to reduce bad loans and to press ahead with reforms.

Philippine bank chaos as money goes missing from accounts

A major Philippine bank shut down online transactions and cash machines on Wednesday after money went missing from accounts, triggering fears it had been hacked even as company officials said it was an internal computer error.

Sears is closing an additional 72 stores this year

Sears is closing 72 more stores, in addition to the more than 180 that have already been announced this year. The company released the list internally today.

S.Africa in recession as economy shrinks 0.7% in Q1: data

South Africa's economy unexpectedly contracted in the first quarter of this year, pushing the continent's most advanced economy into its first recession since 2009, according to official statistics released Tuesday.

Op-Ed: Lockheed Martin and Boeing will profit from Saudi arms deal

Lockheed Martin Corp. and Boeing Co. will reap billions from Saudi contracts subsequent to President Trump's announcement that the Saudis will buy up to $110 billion in American weapons.
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