Economy News

November 20, 2019

E-commerce giant Alibaba raises $11 billion in share listing

The Chinese e-commerce giant Alibaba has raised about $11 billion in a share offering in Hong Kong, the city’s biggest ...

November 20, 2019

Australian bank Westpac faces massive fine for breaches

Major Australian bank Westpac is facing a potentially massive fine after being accused of 23 million breaches of the ...

November 20, 2019

Malta arrests ‘person of interest’ in journalist slaying

Malta authorities on Wednesday arrested a prominent Maltese businessman who appears to be a “person of interest” in the ...

November 20, 2019

In Sweden, wanted man found asleep in store’s bed department

Police in Sweden say a wanted man was found asleep in a bed in a furniture store north of Stockholm. Police spokesman Tobias ...

November 20, 2019

Emirates to get 30 Boeing 787 Dreamliners for $8.8 billion

The Middle East’s biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 ...

November 20, 2019

Amnesty: At least 106 dead in protests, which Iran disputes

Days of protests over rising fuel prices and a subsequent government crackdown have killed at least 106 people across Iran, ...

November 20, 2019

Japan exports, imports weaken amid trade tensions, tax hike

Japan’s exports fell 9.2% in October from the year before, the biggest drop in three years as the U.S.-China trade war and ...

November 20, 2019

Safety board favors redesign of engine part on Boeing 737s

Federal safety officials say Boeing should redesign part of the casing on some engines to prevent the kind of accident that ...

November 19, 2019

GateHouse, Gannett join, become largest US newspaper chain

GateHouse closed its $1.1 billion takeover of USA Today publisher Gannett, becoming the country’s largest newspaper company ...

November 19, 2019

Jury awards $58M in lawsuit against body donation firm

A civil jury has awarded $58 million Tuesday to 10 people who alleged a now-closed body donation facility mishandled the ...

November 19, 2019

Johnson, Corbyn square off in 1st UK election debate

Prime Minister Boris Johnson and opposition leader Jeremy Corbyn squared off Tuesday in the first live televised debate of ...

November 19, 2019

US prison system long plagued by staffing crisis, violence

For years, the federal Bureau of Prisons has been plagued by systematic failures, from massive staffing shortages to chronic ...

November 19, 2019

Nerf gun, Power Rangers claw cited by toy safety watchdog

A Nerf dart gun, ice cream-scented Nickelodeon slime and a plastic Power Rangers claw are among the toys topping a consumer ...

November 19, 2019

The Latest: Rights group: Over 100 killed in Iran protests

The Latest on protests in Iran (all times local): 8:15 p.m. Amnesty International, citing “credible reports,” says it ...

November 19, 2019

Home Depot cuts outlook as 3Q revenue misses forecast

Home Depot reported a shortfall in third-quarter revenue as the retailer’s strategy to meld its online business and its ...

November 19, 2019

US housing starts climbed 3.8% in October

U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand.

November 19, 2019

Toyota worker’s suicide ruled work-related after harassment

An engineer at Toyota killed himself after being constantly ridiculed by his boss, authorities have ruled. Toyota Motor Corp.

November 19, 2019

Vatican watchdog agency loses member over police raid

A board member of the Vatican’s financial watchdog is resigning in the wake of a Vatican police raid that resulted in the ...

November 19, 2019

California sues e-cigarette maker Juul over ads, youth sales

California on Monday sued the nation’s biggest e-cigarette maker, alleging that Juul Labs deliberately marketed and sold its ...