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Top News: Business

Aeropostale files for bankruptcy protection, closes Canada stores

New York - After three consecutive years of losses, teen clothing retailer Aeropostale Inc. filed for Chapter 11 bankruptcy on Wednesday and pledged to reorganize.

PepsiCo accused of human rights violations

Global food giant PepsiCo has been accused of continuing human rights violations and anti-trade union practices in relation to factories in the Indian state of West Bengal.

Berlin bans entire apartment rentals on Airbnb

Berlin - As of May, people in Berlin can face up to a fine of $115,000 if they rent out their full apartments on Airbnb under a new law.

Saudi Binladin Group lays off 50,000 foreign workers, some unpaid

Mecca - Fifty thousand foreign laborers have been fired by the Binladin Group construction company in Saudi Arabia. Some have not been paid salaries for the last four months.

Op-Ed: Leaked TTIP documents confirm fears of many critics

A 248-page leak of negotiating documents for the Transatlantic Trade and Investment Partnership (TTIP) confirms many of the fears of critics about the proposed trade deal.

France says EU-US trade pact talks likely to stop

Paris - Negotiations for a vast US-EU trade pact, which aims to create a free-trade zone covering 850 million people, are likely to grind to a halt because of Washington's reluctance to make concessions, a top French trade official warned Tuesday.

Perceived corruption worsens in Arab states: Transparency

Berlin - Ordinary people feel that corruption has worsened in nine Arab countries and territories over the last year, especially crisis-hit Lebanon and war-torn Yemen, a study by graft watchdog Transparency International said Tuesday.

'Grown in Washington': The marijuana farms near U.S. power hub

Washington - Security cameras and barbed wire suggested this was the right place -- the old warehouse on a dead-end street not far from the White House that hosts one of the handful of legal marijuana farms in the US capital.

Puerto Rico to default on $422 mn debt payment: Governor

San Juan - Puerto Rico's financial crisis deepened Sunday as Governor Alejandro Garcia Padilla announced the US commonwealth would default on $422 million in debt.

AstraZeneca to sequence 2 million genomes

Pharmaceutical company AstraZeneca is to embark on an ambitious project that will see the drugs giant sequence 2 million genomes in the quest for new candidate drug products.

China manufacturing index expands at slower pace

Beijing - China's economic recovery stabilised in April, an official factory activity gauge showed Sunday, as the property market recovered and credit grew.

Britain's Hammond, Cuba's Castro agree on debt restructuring

Havana - Visiting British Foreign Secretary Philip Hammond reached an agreement on restructuring Cuban debt payments in a meeting with President Raul Castro, officials in Havana said.

'American Idol' company files for bankruptcy protection

Core Media Group, the company behind "American Idol" and "So You Think You Can Dance," has filed for Chapter 11 bankruptcy in New York.

KFC India is testing eco-friendly serving bowls that you can eat

Kentucky Fried Chicken in India are testing out serving bowls that are eco-friendly. Patrons who receive the bowls are able to eat them.

Halal: is it meat you're looking for? says China businessman

Qingtongxia - The wine-swilling co-founder of Sai Wai Xiang Halal Foodstuff Co enjoys his pork and does not follow Islam, but still sells more than $50 million-worth of food to Muslims across Asia and the Middle East.

Benicia's historic Washington House damaged by three-alarm fire

Benicia - Benicia's historic Washington House was heavily damaged Sunday afternoon by a three-alarm fire that tore through the two-story structure that housed many small businesses.

Brexit would lead to loss of income for Britons: OECD

London - The OECD on Wednesday became the latest international organisation to urge Britain to stay in the European Union, warning Britons would be worse off if they voted to leave in the June referendum.

Six French theatres occupied as pay protest spreads

Paris - Entertainment workers were occupying six theatres across France Wednesday as protests grew against a bid to cut their pay.

Mitsubishi Motors fuel-cheating scandal widens on fresh admission

Toukyo - Japan's Mitsubishi Motors said Tuesday it has been using dodgy fuel-efficiency testing for 25 years and admitted it has no idea of the scale of the cheating that has plunged it into crisis.
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Top News: Business