Panasonic to move European HQ from UK on Brexit fears

Panasonic will move its European headquarters from the UK to Amsterdam in October as Brexit approaches.The aim is to avoid potential tax issues linked to the UK's decision to leave the EU, said Panas…

Iran to open lawsuit against US sanctions at ICJ

Iran will argue Monday against renewed sanctions imposed by the United States, as a bitter legal battle between Tehran and Washington opens before the UN's top court.US President Donald Trump reimpos…

British Airways, Air France to suspend flights to and from Tehran

Commercial airlines, British Airways and Air France on Thursday announced that flights to and from Tehran will be suspended from next month.On its part, British Airways the decision was not made in v…

US-China trade war hits $100 billion in goods as tariffs comes into effect

From Harley-Davidson motorcycles and American bourbon to Chinese parts and machinery, the world's two largest economies have exchanged punitive tariffs that slice through a wide swath of products.As …

Turkey to boycott US electronic goods - Erdogan

President Recep Tayyip Erdogan on Tuesday said Turkey would boycott US electronic goods like the iPhone in retaliation for punitive sanctions from Washington, as the Turkish lira finally clawed back …

German carmaker Daimler to cease operations in Iran over US sanctions

German automaker Daimler on Tuesday said it was halting its business activities in Iran after the United States re-imposed sanctions on Tehran."We have suspended our already limited activities in Ira…

Apple becomes first public company valued $1 trillion

Apple has become the world's first public company to be worth $1 trillion (?767bn).The iPhone maker's market value reached the figure in New York on Thursday and its shares closed at a new record hig…

US suspends duty-free status for clothes imported from Rwanda

President Donald Trump has suspended Rwanda's right to export clothing duty-free to the United States over Kigali's decision to increase tariffs on imports of used clothing and footwear, the U.S. Tra…

US, EU to 'immediately resolve' steel, aluminum tariffs - US Treasury Secretary

The United States and the European Union will "immediately resolve" their dispute over US steel and aluminum tariffs and subsequent EU counter-measures, US Treasury Secretary Steven Mnuchin said Thur…

Trump to meet EU's Juncker in bid to resolve trade dispute

US President Donald Trump meets Wednesday with European Commission President Jean-Claude Juncker, who has dampened hopes that their talks would resolve a festering trade dispute between the two key e…

Trade war to dominate summit of emerging economies in South Africa

Leaders of the BRICS emerging economies -- Brazil, Russia, India, China and South Africa -- will meet in Johannesburg this week, with the threat of a worsening global trade war topping the agenda.US …

US President Trump threatens tariffs on all Chinese imports

US President Donald Trump said in an interview released on Friday he is willing to hit all Chinese goods imported to the United States with tariffs if necessary."I'm ready to go 500," the Republican …

EU and Japan to sign massive trade deal

The European Union and Japan will sign one of the world's biggest free trade deals later on Tuesday.The move will create an open trade zone covering nearly a third of the world's GDP and 600 million …

Chinese hotel denies raising rates for Americans amid trade war

A hotel in the southern Chinese city of Shenzhen on Friday denied a report that it would charge U.S. guests an extra 25 percent amid an escalating trade war between Washington and Beijing.However, th…

Johnson & Johnson ordered to pay $4.7bn damages in talc cancer case

Johnson & Johnson has been ordered to pay $4.7bn (?3.6bn) in damages to 22 women who alleged that its talc products caused them to develop ovarian cancer.A jury in the US state of Missouri initia…

US amps up trade dispute with China

The US has ramped up its trade war with China, listing $200bn (?150bn) worth of additional products it plans to place tariffs on as soon as September.The move comes just days after the two countries …

China conglomerate boss Wang Jian dies in Provence, France

The co-founder and chairman of giant Chinese conglomerate, HNA Group, has died in a fall in southern France, his company has confirmed.Wang Jian, 57, "accidentally fell" in Provence, while on a busin…

EU warns US of $294 billion global retaliation over auto tariffs

The European Union warned on Monday that up to $294 billion worth of US exports would face counter-measures if President Donald Trump went through with his threat to slap duties on auto imports.Trump…

Amazon to buy PillPack in move into pharmacy

Amazon unveiled plans to get into the pharmacy business Thursday with the acquisition of the online service PillPack.Terms were not disclosed on the deal for PillPack, an online pharmacy which operat…

French cement maker Lafarge charged with "complicity in crimes against humanity" and "financing terrorism" in Syria

Cement giant LafargeHolcim says its French subsidiary is under formal investigation in France over claims it funded a terrorist group in Syria.The subsidiary is also accused of complicity in crimes a…