Water has begun flooding into an expanded section of the Panama Canal as engineers begin testing new locks. It's a key step in a project that will affect trade across the world. Officials overseeing the multibillion-dollar canal expansion...
Former BlackBerry co-chief executive Jim Balsillie said Tuesday that Apple's introduction of the iPhone and BlackBerry's rushed attempt to match it was devastating for the once iconic company. Balsillie said in his first public remarks...
HSBC Holdings, Europe's largest bank by market value, will cut up to 25,000 jobs globally to reduce costs and shift its centre of gravity further toward the fast-growing Asian economies where it started operations 150 years ago. The London-...
Shares in Deutsche Bank soared Monday, a day after the company said its co-CEOs, Anshu Jain and Juergen Fitschen, will step down early. The bank's shares were up 5.1 per cent in afternoon trading in Frankfurt at €29.02 – by far the...
The world should move away from using fossil fuels by the end of this century, G-7 leaders said Monday, setting an ambitious but distant goal ahead of a global conference on climate change this year. The leaders of seven wealthy democracies also...
OPEC decided to keep its oil output target on hold Friday and predicted prices would remain low for the foreseeable future – good news for both for oil-hungry international industries and consumers at the gas pump. The cartel said its output...
In the two months since Airbnb started doing business in Cuba, listings have ballooned to about 2,000. The website makes it relatively easy to find lodging in a country that's largely been cut off from the online booking systems most travellers...
Charter Communications is buying Time Warner Cable for US$55.33 billion, creating another US television and Internet giant. And executives say they're confident regulators will allow it. The deal comes a month after Comcast, the country's...
Greece's government on Monday ruled out restricting access to bank accounts and the free movement of money if there is no breakthrough soon in tortuous talks with bailout creditors and its dwindling cash reserves dry up. The possibility of...
Guyana's new president has appointed 27 ministers to his cabinet after his opposition coalition won the South American country's general election. Retired army general David Granger awarded several ministries to the smaller Alliance for...
Four of the world's biggest banks agreed Wednesday to pay more than US$5 billion in penalties and plead guilty to rigging the currency markets, a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a...
Under pressure from United States safety regulators, Takata Corp has agreed to declare 33.8 million air bags defective, a move that will double the number of cars and trucks included in what is now the largest auto recall in US history. The...
UNITED KINGDOMLONDON, (AP):The City of London police have issued a warning about the health risks posed by counterfeit makeup.Police said yesterday that imitations of brand-name makeup are often produced in unsanitary conditions. They said rat...
GREECEATHENS, (AP):Greece's prime minister held his second ministerial meeting in as many days yesterday, when official data confirmed the cash-strapped country is back in recession amid concern over much-delayed bailout talks with creditors.Alexis...
LONDON, (AP):Prime Minister David Cameron's Conservatives may have won the British election and ushered their coalition partner out the door, but that doesn't mean it's all smooth sailing for his government for the next five years.With...
ROME (AP):Italian Coast Guard and commercial vessels came to the rescue of at least 16 boats of migrants yesterday, saving hundreds of them and recovering 10 bodies off Libya's coast, as smugglers took advantage of calm seas to send packed vessels...
MALTAVALLETTA, (AP):European officials honoured the dead of the Mediterranean's worst-ever migrant disaster yesterday as more would-be refugees arrived in Italy and prosecutors questioned the suspected smugglers.Twenty-four caskets containing the...
KENYANAIROBI, (AP):The nerves of commuters are fraying in Kenya's capital, where getting from A to B isn't as easy as it sounds.A plan launched this month to ease road congestion by replacing key traffic circles with intersections and stoplights has...
