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Top News: Business

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

Toukyo - 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.

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.

Trump, the businessman president, loses CEO support

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

UK to seek 'temporary customs union' after Brexit

London - 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

New York - Once outdated relics in a digital world, painted advertisements are flourishing once again in New York, putting a dose of hip attitude into 21st century commercial art in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

Bejing - 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.

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.

China industrial output slows sharply in July

Bejing - 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

Sydney - 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.

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.

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.

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.

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.

OPEC pumps more oil in July despite cut pledge: IEA

Paris - 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.

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.

India says economy could slow down

New Delhi - 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.

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

Hong Kong - 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".

Petrobras profits plummet in second quarter

Rio De Janeiro - 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....
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