China announces additional tariffs on $50 billion of U.S. goods

China will impose additional tariffs of 25 percent on 106 U.S. goods including soybeans, autos, chemicals, some types of aircraft and corn products, among other agricultural goods, the finance minist…

US lists $50 billion in Chinese imports facing tariffs

The United States has published a list of $50 billion in Chinese imports set to be hit by US tariffs, prompting Beijing to promise equally painful retaliatory measures in an escalating trade duel bet…

Fox says Disney may buy Sky News in fresh takeover twist

Rupert Murdoch's 21st Century Fox on Tuesday proposed selling rolling TV channel Sky News to Disney in order to finally seal control of pan-European satellite broadcaster Sky.Fox -- which for a long …

US blasts 'unfair' Chinese tariffs on 128 products

The United States on Monday blasted as "unfair" Chinese tariffs imposed on 128 US imports worth $3 billion, including fruit and pork, in the latest tit-for-tat over US duties on steel and aluminium.C…

BMW sued in US over diesel emissions

German luxury carmaker BMW has been sued in the United States over "defeat devices" installed in tens of thousands of vehicles in order to cheat diesel emissions tests, lawyers for the plaintiffs sai…

Volkswagen in UK court over 'dieselgate'

Thousands of British Volkswagen car owners took their compensation battle to London's High Court on Tuesday over the emissions-cheating"dieselgate" scandal that has plagued the German carmaker.Law fi…

Trump prepares China trade sanctions, Beijing vows retaliation

President Donald Trump is poised to unveil sanctions against China on Thursday for the "theft" of US intellectual property, fueling fears of a trade war as Beijing vowed to retaliate.White House spok…

Hong Kong's richest woman losses more than half of her wealth

Hong Kong's richest woman Pollyanna Chu has seen more than half of her wealth wiped out in the last three months after warnings from regulators about her company led to stock plunges.Chu's Hong Kong-…

Nigeria pulls out of African free trade summit

 Just days before the African Continental Free Trade Area Treaty is set to launch in Rwandan capital, Kigali, Nigeria's president Muhammadu Buhari has pulled the country out of the trade deal -w…

Hong Kong's richest man Li Ka-shing to retire

Hong Kong's richest man Li Ka-shing announced Friday he was stepping down as chairman of his flagship company CK Hutchison, marking the end of an era for one of the world's most storied tycoons.Li, a…

Shell, ENI accused of negligence over Nigeria oil spills

Nigeria was on Friday urged to re-open investigations into 89 oil spills in its southern delta region, after claims that Shell and ENI misreported the causes.Rights group Amnesty International said t…

Nike cites 'conduct' violations, top executive out

Sportsgear maker Nike on Thursday announced the surprise departure of top executive Trevor Edwards, who was considered a potential successor to the firm's CEO.Without making any direct connection, a …

Allies, rivals alike hit out at Trump trade tariffs

United States trading partners, led by Asian powerhouses China and Japan, lashed out Friday at controversial tariffs on foreign steel and aluminium signed off by President Donald Trump, as fears grew…

Coca-Cola to launch its first alcoholic drink

Coca-Cola is planning to produce an alcoholic drink for the first time in the company's 125-year history - with an alcopop-style product in Japan.It is keen to cash in on the country's growing taste …

Comcast Makes Offer To Buy Sky, Challenges Murdoch's 21st Century Fox

US cable TV giant Comcast Corp, has made a bid of $31 billion (?22.1bn) to buy sky, challenging an existing offer from Rupert Murdoch's Fox and Bob Iger's Walt Disney. Comcast which owns NBC and Univ…

Congressional vote against net neutrality repeal supported by internet firms

The net neutrality repeal by the Trump administrationis facing a congressional reversal despite it is yet to take effect. The Federal Communications Commission's had voted that the net neutrality rul…

Google fined by India's regulatory commission

Search engine giant, Google, are being fined $21.17 million (1.36 billion rupee) by India's antitrust watchdog, Competition Commission of India (CCI) for what it termed "search bias". This is the lat…

Samsung chairman named as suspect in tax evasion case, office raided by police.

The scandal which has followed the Samsung family seems far from over as the South Korean police an Thursday named its chairman, Lee Kun-hee as a suspect in a $7.5 million (8.2 billion won) tax evasi…

Investors convinced Snapchat can compete with Instagram

An increasing growth in users and revenue has given Snapchat's investors the believe that the social media platform can survive competition from Facebook's Instagram, after enthusiasm faded after the…

Further losses predict on Wall Street

The US stock market is facing a possible third day fall after two days of heavy losses that have undermined faith in the U.S. stock market's almost decade-long rally. Analysts are wary of that the fa…