National Business News

  • Deputy head of China's energy agency fired in graft probe

    The deputy head of the Chinese Cabinet agency in charge of energy policy for the world's second-largest economy has been dismissed on graft charges, the country's anti-corruption agency said Tuesday. The probe of Wang Xiaolin, a former longtime executive in the state-owned coal industry, adds to...

  • Trump applies tariffs to solar panels, washing machines

    President Donald Trump on Monday approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers. The Republican's decision followed recommendations for tariffs by the U.S. International Trade Commission. "The president's action makes clear again...

  • Uber driver in US illegally charged with 4 California rapes

    A Mexican man living in the U.S. illegally used his job as an Uber driver to target intoxicated young women and was charged Monday with raping, assaulting and robbing four victims, California prosecutors said. Alfonso Alarcon-Nunez drove women to their homes, assaulted them, and stole property...

  • Trump business ethics pledges left plenty room for profiting

    Among the many promises Donald Trump made a year ago to assure people he wouldn't profit off his presidency, one stood out for its boldness: a pledge to donate the profits from any foreign governments staying in his namesake hotels to the U.S. Treasury. Today, after a year in which groups associated...

  • Long shutdown could hurt economy, a short one just 'a blip'

    If the shutdown lasts just days or even a couple of weeks, the robust stock market that President Donald Trump has boasted about probably will emerge unscathed. A longer impasse, economists say, could rattle consumer and investor confidence, pulling stocks lower and dragging down the economy. Economists...

  • Asian shares rise on global growth hopes, US shutdown's end

    Asian stock markets posted strong gains on Tuesday, as an upbeat forecast for global economic growth and the end of the U.S. government shutdown helped lift sentiment. KEEPING SCORE: Japan's benchmark Nikkei 225 index jumped 0.9 percent to 24,037.86 and South Korea's Kospi advanced 1.1 percent...

  • Netflix's success turns net neutrality into an afterthought

    Netflix once fought fiercely for net neutrality, fearing that its online video service would suffer if internet providers were free to discriminate against it. But now that it boasts one of television's largest audiences, Netflix isn't spending much time worrying about the demise of the government...

  • Back to work: Government shutdown ends after Dems relent

    President Donald Trump signed a bill reopening the government late Monday, ending a 69-hour display of partisan dysfunction after Democrats reluctantly voted to temporarily pay for resumed operations. They relented in return for Republican assurances that the Senate will soon take up the plight...

  • South Korea to start real-name trading of crypto currency

    South Korea plans to require local banks to launch a real-name system for crypto currency trading that will make the up-to-now anonymous transactions be traceable as the country seeks to curb speculation and criminal activities. Financial Services Commission Vice Chair Kim Yong-beom said at a press...

  • Media mogul Rupert Murdoch says Facebook should pay for news

    Media mogul Rupert Murdoch says Facebook should pay fees to "trusted" news producers for their content. Facebook said last week that it will boost news sources that its users rank as most trustworthy , while shrinking the percentage of news posts overall in users' news feeds. Murdoch, whose companies...

  • Get your stuff and go: Amazon opens store with no cashiers

    No cashiers, no registers and no cash — this is how Amazon sees the future of store shopping. The online retailer opened its Amazon Go concept to the public Monday in Seattle, which lets shoppers take milk, potato chips or ready-to-eat salads off its shelves and just walk out. Amazon's technology...

  • Trump to face mixed welcome at elite Davos gathering

    In Davos this week, participants can experience "a day in the life of a refugee." Or hear about ways to uphold the Paris climate accord and promote free trade. Or rub elbows with any number of leaders of African countries. Enter Donald Trump. The World Economic Forum in Davos, Switzerland, is meant...

  • Montana mandates 'net neutrality' for state contracts

    Montana on Monday became the first state to bar telecommunications companies from receiving state contracts if they interfere with internet traffic or favor higher-paying sites or apps, under an order from Gov. Steve Bullock intended to protect so-called net neutrality. The Democratic governor's...

  • Solar industry on edge as Trump weighs tariffs on panels

    Solar energy is booming in the United States, but companies riding the wave fear that President Donald Trump could undercut them this week if he decides to impose new tariffs on imported solar panels. Businesses that install solar-power systems are benefiting from a glut of cheaper panels made...

  • Carl Icahn makes push to remove Xerox CEO

    Billionaire investor Carl Icahn is calling for the removal of Xerox CEO Jeffrey Jacobson as the copier company reportedly seeks a deal with camera company Fujifilm. The Wall Street Journal reported last week that the two companies are in talks for a potential deal. Icahn, along with shareholder...

  • Top CEOs take 4 days to earn a Bangladesh worker's life pay

    A CEO from one of the world's top five global fashion brands has to work for just four days to earn what a garment worker in Bangladesh will earn in an entire lifetime, campaigning group Oxfam International said Monday. In the run-up to the World Economic Forum in the Swiss ski resort of Davos,...

  • French president hosts 140 world business leaders

    French President Emmanuel Macron promoted his government's changes to French tax and labor laws Monday in front of 140 world business leaders in a bid to convince them to invest and hire in France. At the same time, the 40-year-old Macron, elected last May, hopes to persuade the French themselves...

  • Maldives ex-leader says Chinese projects akin to land grab

    The exiled former leader of the Maldives said Monday that this year's presidential election could be the last chance to extricate his country from increasing Chinese influence, which he described as a land grab in the guise of investments in island development. Mohamed Nasheed told reporters in...

  • IMF hikes outlook for global growth for 2017 to 3.7 percent

    The International Monetary Fund upgrading its outlook for the world economy, noting surprisingly strong growth in Europe and Asia and predicting that U.S. tax cuts will give the American economy a short-term boost. The IMF on Monday forecast global growth of 3.7 percent for 2017, which would be...

  • Vietnam jails former oil execs in high-profile graft case

    A former oil executive was sentenced to life in prison and a former high-ranking Vietnamese government official received a lengthy prison term Monday at the end of a major corruption trial. The 22 defendants in the case were mostly current or former executives at PetroVietnam and were convicted...

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