National Business News

  • UK euroskeptics urge PM May to prepare for 'no deal' Brexit

    Pro- Brexit politicians and business figures have urged British Prime Minister Theresa May to be ready to walk away from the European Union without a trade agreement, despite warnings from major manufacturers that a "no deal" Brexit would be an economic disaster. In an open letter, 60 lawmakers,...

  • Xiaomi seeks to raise up to $6 billion in Hong Kong IPO

    Chinese smartphone maker Xiaomi Corp. plans to raise up to $6 billion in one of the biggest global stock market debuts in recent years as it tries to become a worldwide hardware-and-services brand alongside Apple, Google and Amazon. The initial public offering in Hong Kong would value the Beijing-based...

  • Car dealers gear up for Saudi women to hit the roads

    Cradling her four-month-old daughter, Nour Obeid scans the car showroom and heads to the mid-sized SUVs. In the past, a woman looking to buy a car in Saudi Arabia would focus on the features in the back, but Obeid is checking out the driver's seat, picturing herself doing grocery store runs or...

  • BNSF: Estimated 230,000 gallons of oil spilled in derailment

    An estimated 230,000 gallons (870,619 liters) of crude oil spilled into floodwaters in the northwestern corner of Iowa following a train derailment, a railroad official said Saturday. BNSF spokesman Andy Williams said 14 of 32 oil tanker cars just south of Doon in Lyon County leaked oil into surrounding...

  • OPEC and allies agree to share oil production increase

    OPEC nations and oil-producing countries not in the cartel said Saturday they have agreed to share increased oil production a day after OPEC announced it would pump more crude oil — a move that should help contain the recent rise in global energy prices. Russia and other oil-producing allies said...

  • Hundreds march in Berlin to demand an end to using coal

    Hundreds of protesters are marching through the German capital to demand an end to burning coal to produce electricity. The demonstrators — many of them families pushing strollers, people on bikes and samba bands — walked through the Berlin's government district on Sunday ahead of next week's first...

  • Etihad to loan pilots to competing UAE airline Emirates

    Long-haul airline Etihad Airways will loan pilots to competing Dubai-based carrier Emirates under a new program, officials acknowledged Sunday, marking a rare cooperation between the two state-owned carriers who operate only 115 kilometers (70 miles) apart. There's always been competition between...

  • Police: Backup driver in fatal Uber crash was distracted

    The human backup driver in an autonomous Uber SUV was streaming the television show "The Voice" on her phone and looking downward just before fatally striking a pedestrian in suburban Phoenix, according to a police report. The 300-page report released Thursday night by police in Tempe revealed...

  • Airbus threatens to leave Britain in case of no-deal Brexit

    Aviation giant Airbus is threatening to leave Britain if the country exits the European Union without an agreement on trade relations, underscoring the concerns of business leaders who say the government is moving too slowly. Airbus, which employs about 14,000 people at 25 sites in the U.K., said...

  • EU imposes tariffs on US peanuts, motorcycles and whiskey

    The European Union started enforcing tariffs Friday on American imports like bourbon, peanut butter and orange juice, part of a growing global trade rift that's likely to intensify over the next few weeks. The EU tariffs on $3.4 billion worth of U.S. products are in retaliation for duties the Trump...

  • High Court: Online shoppers can be forced to pay sales tax

    States will be able to force more people to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big financial win for states. Consumers can expect to see sales tax charged on more online purchases — likely...

  • Pro-EU protesters march in London, demand new vote on Brexit

    Tens of thousands of anti- Brexit protesters marched Saturday in London to demand a new referendum on leaving the European Union , as a divided Britain marked the second anniversary of its vote to quit the bloc. Leading Brexit supporters, meanwhile, warned the British government not to delay or...

  • US stocks finish mostly higher as energy companies climb

    Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week. U.S. crude futures jumped 4.6 percent after OPEC nations...

  • OPEC agrees to pump more oil but crude prices jump anyway

    The countries of the OPEC cartel agreed on Friday to pump 1 million barrels more crude oil per day, a move that should help contain the recent rise in global energy prices. Questions remain, however, over the ability of some OPEC nations — Iran and Venezuela in particular — to increase production...

  • Honduran girl in symbolic photo not separated from mother

    A crying Honduran girl depicted in a widely-seen photograph that became a symbol for many of President Donald Trump 's immigration policies was not actually separated from her mother, U.S. government officials said on Friday. Time magazine used an image of the girl, by Getty Images photographer...

  • For once in a tie, Greek PM Tsipras hails new debt deal

    For once sporting a necktie, Greek Prime Minister Alexis Tsipras on Friday pledged to tread the path of fiscal prudence after international creditors announced new debt relief measures to wean his country off its eight-year bailout program. Tsipras said the deal hammered out early Friday in Luxembourg...

  • TV weather presenters don ties to highlight global warming

    TV weather presenters around the world have teamed up to highlight the impact of climate change by wearing ties, pendants and badges with "warming stripes" while on air. Meteorologists from the United States, Britain, Italy, Spain, Germany, Belgium, Hong Kong and Canada sported the patterns on...

  • Panel: Teamsters at Disney World violated labor law

    A Teamsters union representing bus drivers and costumed characters at Disney World committed an unfair labor practice when it ignored members' requests to resign from the union, a labor relations panel ruled this week, upholding almost all of a judge's earlier decision. The three-person National...

  • What's that extra in my online cart? Soon, maybe a sales tax

    Attention shoppers: You may soon be paying more taxes on what you put in your online cart. The Supreme Court ruled Thursday that states can require online retailers to collect sales tax on purchases that come from states where they don't have any shops, offices or warehouses. Before that, retailers...

  • Malaysia names new central bank governor

    Malaysia has named Nor Shamsiah Mohamad Yunus, an experienced former central bank official, as the new central bank governor. Finance Minister Lim Guan Eng said Friday that the king has consented to Nor Shamsiah's appointment to head Bank Negara Malaysia from July 1 for a five-year term. She succeeds...

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