International Business

International Business

Forever 21 latest retailer to file for bankruptcy

Fashion retailer Forever 21 filed for bankruptcy on Sunday, as it joined a growing list of brick-and-mortar players who have succumbed to the onslaught...

Internet sector contributes $2.1 trillion to U.S. economy – industry group

The rapidly growing internet sector accounted for $2.1 trillion of the U.S. economy in 2018, or about 10% of the nation's gross domestic product...

Tata’s JLR to stop output at UK factories for a week due to Brexit

Britain’s biggest carmaker, Tata Motors-owned Jaguar Land Rover, will halt production at its British factories for a week in November, its boss said on...

Modi urges global CEOs to leverage ‘Startup India’ platforms for solutions on global challenges

Prime Minister Narendra Modi has urged global CEOs and top American executives to leverage the 'Startup India' innovation platforms to formulate solutions for the...

British travel firm Thomas Cook collapses, stranding hundreds of thousands

Thomas Cook, the world’s oldest travel firm collapsed on Monday. Thomas Cook, the world’s oldest travel firm, collapsed on Monday, stranding hundreds of thousands...

London Stock Exchange flatly rejects Hong Kong’s $39 billion takeover offer

The London Stock Exchange emphatically rejected the Hong Kong bourse's $39 billion takeover offer on Friday, opting to stick with its planned purchase of...

China to exempt 16 categories of US products from tariffs

China announced Wednesday it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade talks next month. China...

For second time, Spicejet’s London dreams go sour

Ajay Singh-promoted Spicejet's plans to connect London from the winter have been grounded following its failure to secure slots at the Heathrow, the busiest...

China’s Fosun set to save Thomas Cook as key terms agreed

British travel operator Thomas Cook Group said on Wednesday it had agreed the main terms of a rescue package that will see China's Fosun...

Dolce & Gabbana sees sales slowdown in China after ad backlash

Italian fashion house Dolce & Gabbana expects sales in China to fall in the current fiscal year after a slowdown in 2018-19, in a...