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Top News: Business

IMF urges key G20 countries to spend more for growth

Chengdu - The International Monetary Fund (IMF) has warned risks to the global economy are growing, as it called on some G20 nations to boost government spending.

G20 ministers urge tighter tax rules for multinationals

Chengdu - The world's major economies need to deepen cooperation on tax collection and information sharing as companies seek to minimise the amount they pay to governments, finance ministers said on Saturday.

Justice Department looks to block big health insurance mergers

The U.S. Department of Justice has stepped in and filed anti-trust lawsuits against Anthem and Aetna in order to block the two companies from merging with rival health insurers Cygna and Humana.

IMF cuts global growth forecast for next two years after Brexit

Washington - The International Monetary Fund (IMF) cut its global growth forecasts on July 19 citing uncertainty over the economic effects of the recent Brexit vote which will see the UK leave the European Union (EU).

People in China are rioting at KFC locations, shattering iPhones

People are protesting and boycotting KFC locations across China. Following last week's ruling that Beijing had no legal claim in the South China Sea, many Chinese citizens are blaming the US.

Protesters shut down Tobruk export port after salaries delayed

Tobruk - The protesters, affiliated with the Petroleum Facilities Guard (PFG) shut Al-Hariga port down in Tobruk because of delays in being paid.

South Korean auto, shipbuilding workers to go on strike

Seoul - Tens of thousands of South Korean auto and shipbuilding workers are set to launch partial strikes this week after negotiations over wage increases stalled.

U.S. expects $40 billion in military export sales this year

Washington - For the fiscal year ending on October 1, 2016, the U.S. is on track to rack up $40 billion in foreign military sales. Exports sales are down from $46.6 billion last year, according to a top Pentagon official.

Almost 160,000 Canadians cancelled TV subscriptions last year

Ottawa - Even though about 160,000 Canadian cancelled their TV subscriptions last year, conventional cable and satellite TV providers saw revenues decline just 0.1 percent to $8.9 billion

Stickers to stocks: Things to know about messaging app Line

Toukyo - Messaging app Line kicks off a dual New York-Tokyo stock listing later Thursday after one of the year's biggest initial public offerings.Here are a few things to know about the chatting service that has taken Asia by storm.What is Line?

China's Wanda eyes stake in Paramount Pictures

Shanghai - Chinese conglomerate Wanda is in talks to buy a stake in US film studio Paramount Pictures, according to a report, marking the Asian company's latest move to expand its entertainment empire.

Nintendo soars more than 16%, extends Pokemon game rally

Toukyo - Nintendo skyrocketed in Tokyo on Thursday as its new smartphone game Pokemon Go picks up legions of fans globally, and investors cheer the firm's move into mobile gaming.

Ashley Madison makes changes, gives infidelity a new look

Toronto - Ashley Madison, a site where married people search for affairs, has launched a campaign to restore faith in its services.

France's whizz-kid economy minister Macron aims higher

Paris - French political high-flyer Emmanuel Macron has enjoyed a lightning rise from the world of investment banking to the economy ministry where his maverick attitude has irked his leftist colleagues.

Spain proposes tax hike to dodge EU deficit fine

Madrid - Spain's acting Economy Minister Luis de Guindos on Tuesday proposed hiking corporate taxes to avoid a fine from the European Commission for repeatedly failing to bring government deficits into line.

Hong Kong tycoon Thomas Kwok freed on bail

Hong Kong - Hong Kong property tycoon Thomas Kwok was granted bail Tuesday, clearing the path to appeal his graft conviction over a high-profile cash for favours scandal. Kwok was jailed in 2014 over a series of payments totaling HK$8.5 million (US$1.

A Brexit analysis: The effects of the European crisis on Apple

Even though the UK is not one of the biggest markets for Apple, Brexit’s impact on Apple is one of the hottest topics. Only 22 percent of Apple’s sales come from Europe, with the UK only contributing to around 3.5 percent of total sales.

Eurozone slams Spain, Portugal on excessive deficits

Brussels - Eurozone finance ministers agreed Monday to officially declare Spain and Portugal in breach of the EU public spending rules, a key step to possibly imposing unprecedented penalties against members of the currency bloc.

S&P 500 stock index hits new high

New York - The Standard and Poor 500 (S&P 500) hit an intraday record high, as investors appear more optimistic about the growth of the U.S. economy, even amid lingering concerns about global growth.
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Top News: Business