International Business

International Business

India proposes ban on e-cigarettes

INDIA'S health ministry has proposed a ban on the production and import of electronic cigarettes, documents showed, potentially jeopardizing the expansion plans of big...

Brexit turmoil drives UK towards recession

Britain's economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge...

Malaysia charges current, ex-Goldman executives over 1MDB scandal

Malaysia filed criminal charges Friday against 17 current and former executives of three Goldman Sachs subsidiaries, piling further pressure on the Wall Street titan...

EU settles on Bulgaria’s Georgieva to lead IMF

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks...

China vows to strike back at US tariffs threat

The trade war between the United States and China escalated on Friday as Beijing threatened to unleash "countermeasures" against US plans to impose tariffs...

SoftBank unveils investment fund to drive ‘AI revolution’

Japan's SoftBank Group said Friday it would partner with tech firms including Apple and Microsoft in a new $108-billion investment fund to accelerate the...

Just Eat, Takeaway.com seek to deliver combo deal

Britain's Just Eat and Takeaway.com of the Netherlands unveiled Monday a plan to join forces to create a heavyweight in the rapidly-growing food delivery...

S.Africa court halts Zambia plan to sell Vedanta assets

A South African court Tuesday granted Vedanta Resources an order blocking the liquidation of its Zambian-based Konkola Copper Mines (KCM) company amid a growing...

AB InBev sells Australian assets including Foster’s

The world's leading brewer Anheuser-Busch InBev said Friday it is selling its assets in Australia - including the Foster's beer brand - to pay...

PepsiCo buys Pioneer Foods in Africa push

US beverage and food giant PepsiCo has agreed to buy South Africa's Pioneer Foods for about 24.4 billion rand (£1.4 billion), a company executive said...