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Call for French ex-minister to answer over Lafarge-IS scandal

Paris - The anti-corruption association Sherpa called Friday for former French foreign minister Laurent Fabius to be questioned over payments made by cement maker Lafarge to the Islamic State group through a Syrian middleman.

Toshiba says sells chip unit to Bain Capital for around $18 bn

Toukyo - Toshiba said Wednesday it would sell its memory chip business to a group led by US investor Bain Capital, in a deal worth around $18 billion and seen as crucial to keeping the Japanese conglomerate afloat.

Alibaba profit nearly doubles on robust revenues

Shanghai - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of solid revenue growth in its core shopping business and in cloud computing.

Troubled Cathay loses HK$2.05 billion in first half 2017

Hong Kong - Hong Kong flag carrier Cathay Pacific on Wednesday reported a massive net loss of HK$2.05 billion ($262.07 million) for the first half of the year as the airline struggled with intense competition from rivals.

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....

Russia opens criminal probe as eight missing in diamond mine

Moscow - Rescuers on Monday desperately tried to contact eight miners missing in a flooded Siberian diamond mine as investigators opened a probe into suspected violations of safety rules.

China to change state-owned firms into corporations

Bejing - China said Wednesday it would move to transform all state-owned companies into corporations by the end of this year, as part of efforts to reform the sclerotic industrial giants.

'Foreign invaders' threaten struggling Australian media

Sydney - Australia's role as a testing ground for global media giants such as the New York Times, Daily Mail and the Guardian could hasten the decline of embattled local players as they fight for eyeballs and advertising dollars, analysts warn.

Alibaba quarterly profits almost double to $1.55 bn

Bejing - Chinese e-commerce giant Alibaba said Thursday its net profit almost doubled in the latest quarter on the back of soaring growth in online shopping.

Tencent net profits up 58% in Q1 to beat estimates

Hong Kong - Chinese technology giant Tencent on Wednesday reported first quarter results which exceeded expectations, helped by robust revenues from its hit mobile games.Its overall revenue jumped 55 percent to 49.

Toyota logs first annual profit fall in five years

Toukyo - Toyota on Wednesday reported its first drop in annual net profit for five years, while it unexpectedly warned that earnings would fall again owing to pricey US customer incentives and a forecast pick up in the yen.

Loss-hit Toshiba nosedives on fears about future

Toukyo - Toshiba shares plunged Wednesday afternoon as fears grow about the future of one of Japan's best-known firms, which is battling massive losses and accounting fraud allegations at its US nuclear unit.The Tokyo-listed stock dropped 13.62 percent to 186.

Malaysian firms linked to North Korea spy front shut: police

Kuala Lumpur - Two Malaysian firms linked to a North Korean front company the UN says was selling military equipment will be closed down, police in Kuala Lumpur said Tuesday as they investigate the assassination of Kim Jong-Nam.

Malaysian firms linked to North Korea spy front shut: police

Kuala Lumpur - Two Malaysian firms linked to a North Korean front company the UN says was selling military equipment will be closed down, police in Kuala Lumpur said Tuesday as they investigate the assassination of Kim Jong-Nam.

Malaysian firms linked to North Korea spy front shut: police

Kuala Lumpur - Two Malaysian firms linked to a North Korean front company the UN says was selling military equipment will be closed down, police in Kuala Lumpur said Tuesday as they investigate the assassination of Kim Jong-Nam.

India's Tata sues ex-chief for alleged breach of confidentiality

Mumbai - Indian salt-to-steel conglomerate Tata upped the ante in their bitter dispute with ousted former chairman Cyrus Mistry on Tuesday, saying they were suing him for breach of confidentiality.

Tata spat adds to angst of India's dwindling Parsis

Mumbai - Tata has long swelled the pride of India's small Parsi community but recent infighting and fears the conglomerate's next chief will be an outsider is unnerving the rapidly dwindling group.

Samsung slashes profit estimate after Note 7 disaster

Seoul - 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.

Samsung halts sales of Note 7, tells customers 'switch-off'

Seoul - Samsung on Tuesday halted worldwide sales and exchanges of its Galaxy Note 7 smartphone and told customers to stop using the device, following reports that replacements for combustible models were also catching fire.

Samsung shares plunge 8.0 percent on Note 7 woes

Seoul - 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.

YouTube video shows Note 7 'flamer' in Burger King

Seoul - A YouTube video showing an oven-gloved Burger King employee struggling with a burning Galaxy Note 7 has become a viral illustration of the crisis facing Samsung over its troubled smartphone.

Turkish Airlines fires 211 staff over 'Gulen links' after coup

Istanbul - Turkish Airlines said Monday it had fired 211 employees over suspected links to US-based preacher Fethullah Gulen and behaviour "conflicting with the interest of our country" in the wake of last week's coup.

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.

Catching up with Danielle George: American Reflective company Special

Braintree - Owner Danielle George chatted with Digital Journal about her American Reflective clothing company, and her latest endeavors.

British firm's Korean unit apologises over poison deaths

Seoul - The head of a Korean subsidiary of a British consumer goods company was slapped and shouted down Monday as he apologised for his firm's role in selling a humidifier disinfectant blamed for more than 100 deaths in South Korea.

Uber agrees to pay $100 million to retain drivers as contractors

San Francisco - Leading rideshare company Uber has agreed to pay as much as $100 million to settle a class-action lawsuit from drivers who claimed they were employees rather than independent contractors.

UK government accused of prioritising China ties over steel jobs

London - Is a new special relationship threatening an old staple of British industry? Prime Minister David Cameron's government faced damaging claims Friday that its push for closer ties with China is holding back efforts to save 15,000 steel jobs.

Danielle George talks about American Reflective clothing company Special

Braintree - Danielle George took some time from her schedule to chat with Digital Journal about her family-owned company, American Reflective.

Goodyear workers jailed for detaining bosses at French factory

Amiens - Eight former workers at a Goodyear tyre factory in France were ordered Tuesday to spend nine months in prison for detaining two managers for 30 hours in a labour dispute.

Billionaire head of China's Fosun re-emerges after 'disappearance'

Shanghai - The billionaire chairman of Fosun Group, one of China's biggest privately held conglomerates, re-emerged on Monday after he disappeared from public view in connection with an investigation by authorities, Chinese media said.
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You can get a taste of the tallest water slide in the world by watching someone else experience the ...
You can get a taste of the tallest water slide in the world by watching someone else experience the fall.
YouTube, Schlitterbahn group
Oracle Canada office in Markham.
Oracle Canada office in Markham.
Author Raysonho @ Open Grid Scheduler / Grid Engine
A photo showing teamwork
A photo showing teamwork
Via Flickr Creative Commons
Martin Shkreli  the  poster boy  for drug company price-gouging.
Martin Shkreli, the "poster boy' for drug company price-gouging.
Bloomberg / Illustration by Digital Journal

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