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Airbnb has introduced a measure that allows hosts in San Francisco to rent only one property. The company has sent a proposal for New York that has a similar provision.

Apple finds 90 percent of brand products sold on Amazon are fakes

Apple has complained that Amazon is putting consumer safety at risk by selling vast amounts of fake goods on its site. The company says over 90 percent of Apple-branded power accessories found on the U.S. version of Amazon are not genuine products.

Chaos-ridden Libya's economy on the brink, say experts

Political stalemate and the conflict rocking Libya are preventing the North African country from taking advantage of its vast oil resources and pushing the economy towards collapse, experts say.

Op-Ed: Chair of Libyan National Oil criticizes Zintan brigades

The chair of the Libyan National Oil Company (NOC), Mustafa Sanallah noted that attempts to raise Libya's oil output face numerous problems. Among them are pipelines closed off by the Zintan brigades from the western Al-Feel and Al-Sharara fields

Tesla, Panasonic mull solar battery tie up

American electric car maker Tesla Motors Incorporated and Japanese appliance company Panasonic are expanding their business collaboration as they consider working on a solar battery production in the United States.

Crown shares plunge after China detains high-roller chief

Shares in billionaire James Packer's Crown Resorts plunged on Monday after 18 sales and marketing staff were detained in China, including an executive in charge of luring high-rollers to Australia.The gaming company's stock fell 13.

HP to shed up to 4,000 workers over the next three years

HP Inc. the successor company to Hewlett-Packard the computer manufacturer is downsizing once again. The company announced that it expects to eliminate 3,000 to 4,000 jobs over the next three years.

Modi, Putin set to sign energy deals ahead of BRICS

Indian Prime Minister Narendra Modi and Russian President Vladimir Putin are set to sign lucrative energy and defence deals Saturday, aimed at shoring up economic ties between the long-time allies.

Libyan Investment Authority loses case against Goldman Sachs

A United Kingdom court has ruled in favor of Goldman Sachs in a $1.2 billion dollar case brought by the the Libyan Investment Authority (LIA) regarding nine disputed equity derivatives trades, according to a spokesperson for Goldman Sachs.

Modi hosts BRICS leaders as bloc beset by economic woes

Prime Minister Narendra Modi will look to reinvigorate the BRICS group of emerging nations at a summit this weekend with India seen as a bright spot in a bloc whose clout has been undermined by economic woes.

Coke, Pepsi fund health groups... but fight them too: study

Coca-Cola and Pepsi, the two major US soda giants, have given millions of dollars to health organizations while quietly fighting anti-obesity measures such as taxes on soft drinks, a new study shows.

Samsung slashes profit estimate after Note 7 disaster

Samsung Electronics on Wednesday slashed its latest quarterly profit estimate by one third in the wake of a highly damaging recall crisis that ended with the scrapping of its latest flagship smartphone.

Poland plans new tender for helicopters after Airbus row

Poland said Wednesday it would launch a new tender process for military helicopters after talks to buy Airbus aircraft collapsed in acrimony.

Samsung shares plunge 8.0 percent on Note 7 woes

Samsung's share price plunged 8.0 percent by the close of trade Tuesday on the back of a decision to halt sales and exchanges of the company's troubled Galaxy Note 7 smartphone.The share price ended the day at 1.

Economics Nobelist Holmstrom: CEO pay 'just a mess'

Bengt Holmstrom, the Finnish economist whose contract theory research earned him a Nobel economics prize Monday, said that executive compensation has gotten out of hand, and contributed to the collapse of Enron Corp.

Hellenic News of America to celebrate 29th anniversary at Gala

The Hellenic News of America, one of the largest bilingual Greek-American publications, will be celebrating its 29th anniversary.

Putin says Russia ready to join measures to limit oil production

President Vladimir Putin on Monday said that non-OPEC member Russia was ready to join measures to limit oil production, saying that this was the only way to balance the market after a prolonged period of low prices.

Hard times fuel Tehran taxi glut

Mansour Faridfar did well on the black market until the law caught up and left him jobless, forcing him to join the thousands of "shakhsi" unofficial taxi drivers clogging Tehran's streets.

Op-Ed: Oil exports increasing as Libyan ports reopen

Last Thursday an oil tanker took on the first load of crude for export from the Libyan port of Zuwetina since late last year. The tanker, the Ionic Anassa loaded 800,000 barrels of crude to be exported to China.

Thomson Reuters CEO to head up new technology center in Toronto

Multinational media giant Thomson Reuters Corporation announced on Friday it would be opening a new technology center in downtown Toronto, Canada in 2017, relocating two of its top executives.

Poland blames Airbus for grounding chopper talks

Poland on Saturday blamed French aeronautics giant Airbus for the breakdown in talks over a multi-billion euro contract for military helicopters that has triggered a spike in tensions with Paris.

One in five Japan employees face 'death from overwork': report

A fifth of the Japanese workforce faces the risk of death from overwork, according to a new government survey into the country's notoriously strenuous working culture.

Thirsty Taiwan makes splash on global whisky scene

An upstart Taiwanese whisky is outshining veteran brands on the global stage as the island fast earns a reputation as a stamping ground for connoisseurs.

Bacterial contamination — 2.8 million bottles of paint recalled

Sargent Art, a leading supplier of paints and other art supplies, is recalling approximately 2.8 million units of paints in the U.S. and 20,000 additional units in Canada over possible bacterial contamination.

Protectionism's rise a balancing act for World Bank, IMF

Protectionism's rise in Europe and the United States is pushing the world's economic leaders toward a delicate balancing act: defending globalization but acknowledging the pain that sometimes comes with it.

IMF predicts global growth still to be subdued this year

The IMF predicted global growth to be sluggish at 3.1 percent in 2016 improving slightly to 3.4 percent next year. This is the same level of growth predicted in the last IMF report in July.

Ontario to raise minimum wage to $11.40 per hour

The general minimum wage in Ontario will increase to $11.40 from $11.25 per hour on October 1, 2016. It is part of the province's plan to build up Ontario and to help low income workers.

Denmark pays for Panama Papers data on own citizens

The Danish tax authority said on Thursday it had paid an anonymous source almost six million kroner (0.81 million euros, $0.9 million) for leaked data from the Panama Papers on hundreds of Danes.

Hard Brexit anxiety forces pound to plummet to its 5-weeks lowest

As the hard Brexit fear intensifies, the pound fell to its lowest in the last five weeks against the euro. According to analysts, the pound is expected to fall even further if the talks of a hard Brexit carry on in the same manner.

Erdogan suggests Moody's can be 'bought' after Turkey rating cut

Turkish President Recep Tayyip Erdogan on Thursday attacked Moody's after it downgraded the country's sovereign debt rating to "junk" status, appearing to suggest the ratings agency could be bought off.

Interview: Kunal Sood opens up about TED Residency and book Special

Kunal Sood chatted with Digital Journal about his background, TED Residency, Novus Summit, X Fellows, as well as his involvement with Women's Entrepreneurship Day.

VW working hard to get through 'dieselgate'

Volkswagen boss Matthias Mueller said Wednesday that the troubled German automaker is using "all available resources" to work its way through the "dieselgate" emissions cheating scandal which has engulfed it.

Poland gets 'super minister' for finance

Poland's prime minister on Wednesday tapped her powerful Development Minister Mateusz Morawiecki for the finance portfolio, creating what local media dubbed a "super minister" in a much-vaunted reshuffle of her controversial rightwing government.

Brazil economy 'poised' for return to growth: US treasury chief

The US treasury chief praised Brazil's new government on Tuesday and said the Latin American giant is "poised" to exit a painful recession and return to economic growth.

Clouds gather over Turkey economy after downgrade

Turkey has snarled with anger over a downgrade of its debt to junk status, but its previously robust economic performance risks being bruised by lower growth, stalled reforms and rule of law concerns after the July 15 coup bid.

Canadian analyst argues a Trump win is good for Canadian economy

Matthew Barasch, Canadian equity strategist for RBC Capital Market, argues that if Donald Trump wins the presidency of the United States in November this would be a "net positive" for both the Canadian economy and Canadian stocks.

Disney is thinking about bidding on Twitter

Disney is weighing a bid on Twitter, according to a new report from Bloomberg's Alex Sherman and Sarah Frier. Twitter's stock rebounded on the news after being down nearly four percent during early trading. Disney's stock is down 1.6 percent.

Target removes mini shopping carts for kids from stores

Target Corporation ended its pilot project of placing miniature shopping carts for children in some stores. The kids loved them but the small carts came under fire from parents, employees and other shoppers and their views were made known on social media.

Millennials aren't building startups like past generations

Millennials may call themselves the most entrepreneurial generation, but the data doesn't seem to back that claim up. That's according to a new nationwide study by professional services firm EY and the Economic Innovation Group.

Twitter stock soars amid rumours Google may buy the company

The value of Twitter's stock has climbed more than 20 percent today, propelled by a report that Google and Salesforce are considering a bid to buy the company. It is thought Microsoft and Verizon are other possible suitors in the $13 billion deal.

Supermodel Kate Moss launching own modeling business

Months after leaving the agency that helped nurture her career for almost 30 years, legendary British supermodel Kate Moss is embarking on her own talent company.
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