International Business

International Business

Facebook creates unit devoted to financial services

Facebook on Monday said it has created a new unit devoted to financial services to harmonize payment systems on its platform. The new group, called...

Gold eases from new record, equities mixed as virus spreads

Gold briefly chalked up another record Tuesday before easing later in the day as the dollar clawed back earlier losses, while equity markets struggled...

India moves up a rank to become second-largest source of FDI for UK 

India invested in 120 projects and created 5,429 new jobs in the UK to become the second-largest source of foreign direct investment (FDI) after...

Export gloom sours Pakistan’s prized mango season

Dwindling harvests, drooping demand and export supply chains hit by the coronavirus are biting into Pakistan's mango industry, with producers of the prized fruit...

Vibrant Foods acquires Cofresh Snack Foods

VIBRANT FOODS, an ethnic foods platform launched by Exponent Private Equity in June, has acquired Cofresh Snack Foods for an undisclosed amount. The deal is...

UK economy suffers worst quarterly slump since 1979

Britain's economy has suffered its biggest quarterly contraction for more than 40 years as the coronavirus pandemic slashed activity, revised official data showed Tuesday. Gross...

Pandemic sparks push to keep green energy-access firms switched on

The coronavirus pandemic roiling the global economy has sparked fears for the emerging off-grid clean energy businesses serving poorer customers from Africa to Asia...

Johnson & Johnson drops skin-whitening creams

Johnson & Johnson has decided to stop selling skin-whitening creams popular in Asia and the Middle East, it said on Friday, after such products...

Just Eat Takeaway to buy Grubhub, forming food-delivery giant

Anglo-Dutch meal delivery firm Just Eat Takeaway.com agreed to acquire US company Grubhub for $7.3 billion to form the world's largest online food delivery...

Victoria’s Secret UK arm goes into administration

More than 800 jobs are at risk after the UK arm of lingerie retailer Victoria's Secret fell into administration on Friday, according to the...