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Top News: Business

An entire mall sells for $100 at auction

Pittsburgh - The Galleria at Pittsburgh Mills Mall was once valued at $190 million, but earlier in the week it sold for $100 at an auction.

McDonald's Canada issues warning after nuts added to a menu item

McDonald’s Canada has announced the company put nuts in a new McFlurry, raising the possibility all food in its restaurants can potentially come in contact with the nuts. Judging from reactions on social media, a lot of customers are not "lovin’ it."

New UN chief at Davos seeks allies in business

Davos - UN Secretary-General Antonio Guterres used his first address at the World Economic Forum in Davos on Thursday to push for a new partnership with business to help fight climate change and reduce poverty.

The business world falls under Trump's thumb

Washington - With his carrot-and-stick manhandling of the US business community, President-elect Donald Trump has major companies falling over themselves to offer goodwill gestures and promises to create US jobs.

Davos darling Xi not practising what he preaches: analysts

Bejing - Xi Jinping's hymn to globalisation at Davos may have won acclaim from the meeting's well-heeled elite, but Chinese experts say it was distinctly out of tune with an administration that is increasingly closed and hostile to the outside world.

China suspends construction of 101 coal power plant projects

Beijing - China's financial media group Caixin is reporting the National Energy Administration (DEA) has suspended 101 coal power projects, some of them already under construction.

Op-Ed: GM sends some sunshine before Trump's inauguration

General Motors announced Tuesday just a few days before Trump's inauguration that it would invest an additional $1 billion in U.S. factories and would move some production from Mexico to the U.S.

John Kerry defends global trade against populist anger

Davos - Outgoing US Secretary of State John Kerry delivered a stark warning of the dangers of economic populism on Tuesday, insisting on the greater benefits of global trade and cooperation.

A tale of two speeches as Davos week begins

Davos - The global elite begin a week of earnest debate and Alpine partying in the Swiss ski resort of Davos on Tuesday, in a week bookended by two presidential speeches of historic import.

Pound drops after Brexit backing from Trump

London - Prime Minister Theresa May won endorsement from US President-elect Donald Trump over her Brexit course but sterling plunged on Monday on fears that Britain could be on a collision course with its EU allies.

The global chain that produces your fish

Paris - That smoked salmon you bought for the New Year's festivities has a story to tell.The salmon may have been raised in Scotland -- but it probably began life as roe in Norway.Harvested at a coastal farm, the fish may have been sent to Poland to be smoked....

S.Korea prosecutors seek arrest of Samsung heir

Seoul - South Korean prosecutors on Monday sought the arrest of the heir to giant conglomerate Samsung for bribery in connection with a political scandal that has seen President Park Geun-Hye impeached.

Op-Ed: World Economic Forum sees five main risks to economy in 2017

Davos - The World Economic Forum (WEF) claims that rising inequality and polarisation within societies could result in the reversal of globalization without urgent action taken to address problems.

Takata fined $1 billion over exploding airbag scandal

Takata, the Japanese car parts maker, will pay $1 billion in penalties in the United States for concealing defects in its exploding airbags.

FedEx to offer in-store package services at Walgreens

FedEx and Walgreens have partnered up to offer pickup and drop-off services at Walgreens' locations across the United States.

Chinese leader meets Davos elite as voters revolt

Paris - China's president will preach the advent of a new world order in Davos next week before the high priests of globalisation, who are facing an uprising from voters against their orthodoxy of open markets and borders.

International Labour Organization report sees problems in 2017

The International Labour Organization(ILO) warns that as inequality widens in many countries more social unrest is likely. The number of protest activities had increased last year.

Amazon to create 100,000 jobs in U.S. by 2018

Over the next 18 months, Amazon has plans to create 100,000 full-time jobs in the United States, which will include full benefits.

Exxon must hand over climate change documents, judge rules

Boston - In a big win for Massachusetts Attorney General Maura Healey, Suffolk Superior Court Judge Heidi Brieger has denied ExxonMobil's request to be exempt from handing over a decade's worth of climate change documents.
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