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Qantas Airways sees record half year profits
February 22, 2018
Australian biggest airline beats off competition and higher fuel costs to post a 14.6% jump in profits.
Business Headlines
Business World
How General Electric gambled on fossil fuel power, and lost
February 22, 2018
NEW YORK (Reuters) - Last March, executives at General Electric Co's power-plant business gave Wall Street a surprisingly bullish forecast for the year. Despite flat demand for new natural gas power plants, they said, GE Power's revenue and profit would rise.
Distrust of unions, and GM, hangs over South Korean efforts to stem job losses
February 22, 2018
SEOUL (Reuters) - South Korean President Moon Jae-in is in a bind.
Asian stocks slip as U.S. rate risk sours sentiment, dollar holds gains
February 22, 2018
SYDNEY (Reuters) - Most Asian share markets followed S&P 500 futures lower on Thursday as speculation of faster hikes in U.S interest rates soured risk appetite globally.
Prosecutors search homes of new suspects in Audi emissions probe
February 22, 2018
BERLIN (Reuters) - German prosecutors said on Thursday they were searching the homes of three new suspects in connection with Audi's emissions scandal.
German court to decide on fate of 15 million diesel cars
February 22, 2018
FRANKFURT (Reuters) - Germany's highest administrative court in Leipzig will on Thursday decide the fate of 15 million diesel vehicles in the country when it rules on whether cities in Europe's largest car market can ban heavily polluting cars.
Ford U.S. chief departs abruptly after behavior probe
February 22, 2018
DETROIT (Reuters) - Ford Motor Co said on Wednesday that Raj Nair, its president for North America, was leaving the company immediately after an internal investigation found his behavior was "inconsistent with the company's code of conduct."
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Fed Gives Bullish Signals on Economy
February 22, 2018
Federal Reserve officials agreed last month that a strengthening economic growth outlook bolstered their plans to keep raising short-term interest rates this year, minutes from their January meeting show.
Some Companies Move to Gender-Blind Leave for New Parents
February 22, 2018
In a few corners of corporate America, companies are discarding parental-leave policies that encode distinctions between mothers and fathers, arguably holding women back at work and relegating men to secondary roles at home. Instead, they are offering gender-blind time off for all new parents.
Company News
Business Highlights
$20 trillion in free bitcoin: Exchange glitch allows traders to claim cryptocurrency for $0
February 21, 2018
Preview A computing error at a Japanese cryptocurrency exchange Zaif has allowed some customers to claim digital tokens for $0. This raises further questions about security at crypto exchanges.
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International Business
When Jokes Become a Crime: Free Speech Under Fire in Lebanon
February 22, 2018
A surge of legal cases against entertainers, journalists and activists has raised concerns about one of the Arab world’s freest environments.
Complaints About Nursing Home Evictions Rise, and Regulators Take Note
February 22, 2018
One reason for the evictions, legal advocates say, is that the residents’ better-paying Medicare coverage is ending and will be replaced by Medicaid.
How to Challenge a Nursing Home Eviction Notice, and Other Tips
February 22, 2018
A list of residents’ rights, along with advice from lawyers and advocates who work on behalf of people in nursing homes.
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BUSINESS • Analysis
'Huge changes' at Qantas are set to boost its international earnings, says its CEO
February 22, 2018
Qantas is planning 'huge changes' for its international business next year, which is expected to spur its earnings, its CEO said.
Here are the 10 wealthiest people in China — a country leading the way for self-made billionaires
February 22, 2018
China's billionaire population is on the rise — and the vast majority of them are self-made, according to Wealth-X.

Business Brief
Bank of England’s chief economist takes a hawkish tone over potential raising of interest rates
February 21, 2018
BoE Governor Mark Carney, appearing alongside chief economist Andrew Haldane, said there was no need to give a direct commitment on rates
Federal Reserve shows rising confidence in inflation, economic outlook
February 21, 2018
The more upbeat take on inflation in the minutes of the Jan. 30-31 meeting will likely further cement expectations that new Fed chief Jerome Powell will lead his colleagues in raising interest rates next month
Broadcom trims Qualcomm offer to $117-billion after new NXP deal
February 21, 2018
The move came after Broadcom called the new NXP deal a transfer of value from Qualcomm to NXP shareholders
GM proposes $2.8-billion, 10-year investment in South Korea
February 21, 2018
Investment would be on top of over $2.2-billion debt-for-equity swap
Euro zone business growth loses momentum in February but remains strong
February 21, 2018
Higher prices and a stronger currency take a toll
Business Trends
Snap responds to the 1.2 million petition signers who hate the redesign
February 21, 2018

Snap has officially responded to a hugely popular petition calling for the company to walk back the recent redesign of Snapchat. In a message signed by the Snapchat team and posted as a reply to the petition, the company says it’s heard the feedback loud and clear and that it acknowledges how the “new Snapchat has felt uncomfortable for many.” The petition was signed by more than 1.2 million people, a milestone that perhaps prompted Snap leadership to draft a response.

However, Snap essentially goes on in its reply to say tough luck, echoing comments made by CEO Evan Spiegel last week. The company tries to reassure users that the new Snapchat will adapt to them over time, and it also teased a new feature coming soon for iOS...

Continue reading…

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Billionaire Jeweler Accused Of India's Biggest Ever Banking Scam -- Who Is Nirav Modi?
February 22, 2018
Indian billionaire diamond jeweller Nirav Modi has been accused of orchestrating the biggest banking scam the country has ever witnessed, allegedly having defrauded the state-owned Punjab National Bank (PNB) of close to two billion US dollars.
Business Review

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BUSINESS • Insight
Solving the productivity puzzle
February 20, 2018
New research uncovers how three waves collided to create historically low productivity growth but finds the potential for it to recover to 2 percent or more.
Business Perspective
617: The CEO of Merck on Race, Leadership, and High Drug Prices
February 19, 2018
Kenneth Frazier, the CEO of the pharmaceutical company known as MSD outside of North America, discusses his upbringing and how it influences his leadership as chief executive. He is one of the few African-American CEOs in the Fortune 500, and shot to prominence after resigning from a council advising the Trump White House. Frazier discusses the importance of values in leadership and how Merck thinks about R&D and drug prices.
Consumer Insights
How will blockchain play a part in the future of media currencies?
February 7, 2018
As the old saying goes: making predictions is always difficult, especially about the future. However, here is a given: there will be a lot more discussion about blockchain over the coming year. So many people have different views on how blockchain will affect the marketing and advertising industry that the potential applications of this nascent…
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BUSINESS • Outlook
Billionaire Jeweler Accused Of India's Biggest Ever Banking Scam -- Who Is Nirav Modi?
February 22, 2018
Indian billionaire diamond jeweller Nirav Modi has been accused of orchestrating the biggest banking scam the country has ever witnessed, allegedly having defrauded the state-owned Punjab National Bank (PNB) of close to two billion US dollars.
Business Insight
The Risks of Digital Democracy
February 21, 2018
Like many segments of the economy and society, democracy is in the process of being digitized, a development that promises new levels of efficiency but also brings new risks. Consider the digitization of voting machines, devices that date back to the 19th century. The growing use of direct recording electronic (DRE) voting machines has made […]
A smarter smart city
February 21, 2018
An ambitious project by Alphabet subsidiary Sidewalk Labs could reshape how we live, work, and play in urban neighborhoods.
10 Breakthrough Technologies 2018
February 21, 2018
Dueling neural networks. Artificial embryos. AI in the cloud. Welcome to our annual list of the 10 technology advances we think will shape the way we work and live now and for years to come.
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