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EU steps up planning for no-deal Brexit

EU leaders agreed Thursday to step up preparations for Britain crashing out of the bloc next March without a deal, with the European Commission to publish a plan next week.
NationMultimedia.com - business

EU steps up planning for no-deal Brexit

EU leaders agreed Thursday to step up preparations for Britain crashing out of the bloc next March without a deal, with the European Commission to publish a plan next week.

Google Korea under tax probe, signaling widening crackdown on foreign tech firms

South Korea’s tax agency has launched an investigation into the local branch of US technology giant Google over allegations of tax evasion on the part of some local YouTubers, a move that signals stepped up government efforts to crack down on foreign tec
NationMultimedia.com - business

Google Korea under tax probe, signaling widening crackdown on foreign tech firms

South Korea’s tax agency has launched an investigation into the local branch of US technology giant Google over allegations of tax evasion on the part of some local YouTubers, a move that signals stepped up government efforts to crack down on foreign tech firms long accused of taking a free ride on lax regulations.

Huawei's U.S.-Based Workers Grow Wary After Arrest

The arrest of Huawei’s finance chief has stirred job insecurity among the Chinese company’s 1,500 U.S.-based workers, already uneasy about Washington’s campaign against their employer.
WSJ.com: US Business

Huawei's U.S.-Based Workers Grow Wary After Arrest

The arrest of Huawei’s finance chief has stirred job insecurity among the Chinese company’s 1,500 U.S.-based workers, already uneasy about Washington’s campaign against their employer.

Harassment Complaints Still Bring Retaliation

Workplace retaliation against those reporting sexual harassment remains an issue, even as the #MeToo movement has emboldened people who say they have been mistreated.
WSJ.com: US Business

Harassment Complaints Still Bring Retaliation

Workplace retaliation against those reporting sexual harassment remains an issue, even as the #MeToo movement has emboldened people who say they have been mistreated.

Scientists Skeptical About Gene-Edited Baby Experiment

When a Chinese scientist claimed last month that he created the first genetically modified babies, scientists around the world were stunned and alarmed. Now, scientists who examined the very limited available data from the experiments are questioning whether
WSJ.com: US Business

Scientists Skeptical About Gene-Edited Baby Experiment

When a Chinese scientist claimed last month that he created the first genetically modified babies, scientists around the world were stunned and alarmed. Now, scientists who examined the very limited available data from the experiments are questioning whether the gene edits the scientist claimed he made were even successful.

U.S. Soybean Farmers Work to Loosen China's Grip

As trade tensions cut deeply into exports, U.S. soybean farmers, industry groups and government officials are seeking a stronger foothold in international markets beyond China, including Europe and Southeast Asia.
WSJ.com: US Business

U.S. Soybean Farmers Work to Loosen China's Grip

As trade tensions cut deeply into exports, U.S. soybean farmers, industry groups and government officials are seeking a stronger foothold in international markets beyond China, including Europe and Southeast Asia.

GM CEO Is Under Fire From Trump, Lawmakers Over Restructuring

General Motors Chief Executive Mary Barra faces bipartisan anger in Washington over the company’s plans to cut 14,800 jobs and close four plants despite robust profits and a strong economy.
WSJ.com: US Business

GM CEO Is Under Fire From Trump, Lawmakers Over Restructuring

General Motors Chief Executive Mary Barra faces bipartisan anger in Washington over the company’s plans to cut 14,800 jobs and close four plants despite robust profits and a strong economy.

MiMedx Called on Two Lawmakers for Help Before Its Accounting Scandal

MiMedx Group, a maker of tissue-graft products, called on two influential lawmakers for help. Now the actions of the lawmakers could prove embarrassing for them as MiMedx faces possible collapse.
WSJ.com: US Business

MiMedx Called on Two Lawmakers for Help Before Its Accounting Scandal

MiMedx Group, a maker of tissue-graft products, called on two influential lawmakers for help. Now the actions of the lawmakers could prove embarrassing for them as MiMedx faces possible collapse.

Nissan-Renault Scandal Shows It's Hard to Keep Car Alliances on Track

Tensions between Nissan and Renault after the arrest of longtime alliance leader Carlos Ghosn show it has never been easy for the global auto industry to make mergers and partnerships work.
WSJ.com: US Business

Nissan-Renault Scandal Shows It's Hard to Keep Car Alliances on Track

Tensions between Nissan and Renault after the arrest of longtime alliance leader Carlos Ghosn show it has never been easy for the global auto industry to make mergers and partnerships work.

Tencent Music Prices Its IPO at Bottom of Range

The Chinese music-streaming company’s initial public offering priced at $13 per American depositary share, capping a rocky process of going public but still marking it one of the biggest U.S.-listed debuts in recent years.
WSJ.com: US Business

Tencent Music Prices Its IPO at Bottom of Range

The Chinese music-streaming company’s initial public offering priced at $13 per American depositary share, capping a rocky process of going public but still marking it one of the biggest U.S.-listed debuts in recent years.

Google CEO Faces Lawmakers Skeptical Over Privacy, Alleged Bias

Sundar Pichai faced tough questions in a first public appearance before House lawmakers, who are increasingly skeptical of Silicon Valley giants on issues of privacy and political bias.
WSJ.com: US Business

Google CEO Faces Lawmakers Skeptical Over Privacy, Alleged Bias

Sundar Pichai faced tough questions in a first public appearance before House lawmakers, who are increasingly skeptical of Silicon Valley giants on issues of privacy and political bias.

Verizon Takes $4.5 Billion Charge Related to Digital Media Business

Verizon Communications is booking a $4.5 billion accounting charge related to its Oath media business, a sign its bet on high-profile internet properties and content several years ago hasn’t worked out as expected.
WSJ.com: US Business

Verizon Takes $4.5 Billion Charge Related to Digital Media Business

Verizon Communications is booking a $4.5 billion accounting charge related to its Oath media business, a sign its bet on high-profile internet properties and content several years ago hasn’t worked out as expected.

Cost of independence: Ukraine pays record high price for ‘European’ gas

Prices for gas imported by Ukraine from European countries hit a record high in November, according to data published by the country’s State Fiscal Service. The gas is most likely Russian in origin resold to Kiev at a premium. Read Full Article at RT.com
RT Business

Cost of independence: Ukraine pays record high price for ‘European’ gas

Prices for gas imported by Ukraine from European countries hit a record high in November, according to data published by the country’s State Fiscal Service. The gas is most likely Russian in origin resold to Kiev at a premium. Read Full Article at RT.com

China plucks Canada Goose caught in crossfire of Huawei arrest

Canada Goose stock saw a dramatic plunge after Chinese social media reportedly urged the country’s consumers to boycott the world-famous brand amid the recent detention of Huawei finance chief by Canadian authorities. Read Full Article at RT.com
RT Business

China plucks Canada Goose caught in crossfire of Huawei arrest

Canada Goose stock saw a dramatic plunge after Chinese social media reportedly urged the country’s consumers to boycott the world-famous brand amid the recent detention of Huawei finance chief by Canadian authorities. Read Full Article at RT.com

US lawmakers want to put a cork in Russia's gas pipeline to Europe

The US House of Representatives is once again calling on the European Union to ban the Russia-led construction of the Nord Stream 2 natural gas pipeline and has called for sanctions against the project. Read Full Article at RT.com
RT Business

US lawmakers want to put a cork in Russia's gas pipeline to Europe

The US House of Representatives is once again calling on the European Union to ban the Russia-led construction of the Nord Stream 2 natural gas pipeline and has called for sanctions against the project. Read Full Article at RT.com

Red gold: Afghanistan’s booming & blooming saffron may become alternative to opium poppy trade

Afghan authorities want to provide farmers with an alternative means of income, other than growing opium, by turning to the world’s most expensive spice. Read Full Article at RT.com
RT Business

Red gold: Afghanistan’s booming & blooming saffron may become alternative to opium poppy trade

Afghan authorities want to provide farmers with an alternative means of income, other than growing opium, by turning to the world’s most expensive spice. Read Full Article at RT.com

Dtac submits first payment of Bt4.02 bn for spectrum

Mobile phone operator dtac has submitted its first instalment of Bt4.02 billion in the total Bt38.064 billion it will pay for the 15-year rights to the 900MHz spectrum that carries its services. The spectrum will be used by dtac Trinet until 2033. Under the l
NationMultimedia.com - business

Dtac submits first payment of Bt4.02 bn for spectrum

Mobile phone operator dtac has submitted its first instalment of Bt4.02 billion in the total Bt38.064 billion it will pay for the 15-year rights to the 900MHz spectrum that carries its services. The spectrum will be used by dtac Trinet until 2033. Under the licence from the National Broadcasting and Telecommunications Commission, dtac will be able to use the spectrum from Sunday onwards.

KBank ties up with Line in new venture

Kasikornbank and mobile application Line have established Kasikorn Line Co Ltd to offer Line’s 44 million users in Thailand better access to financial services.
NationMultimedia.com - business

KBank ties up with Line in new venture

Kasikornbank and mobile application Line have established Kasikorn Line Co Ltd to offer Line’s 44 million users in Thailand better access to financial services.

Arctic mega bridge opens to traffic in Norway… thanks to China (PHOTO, VIDEO)

Norway has officially opened the longest suspension bridge above the Arctic Circle. The 1.5 kilometer span was built in cooperation with a Chinese company. Read Full Article at RT.com
RT Business

Arctic mega bridge opens to traffic in Norway… thanks to China (PHOTO, VIDEO)

Norway has officially opened the longest suspension bridge above the Arctic Circle. The 1.5 kilometer span was built in cooperation with a Chinese company. Read Full Article at RT.com

Russia’s largest LNG project kicks into high gear

Independent Russian gas producer Novatek announced the launch of the third train of its Yamal LNG (liquefied natural gas) Arctic project. Built in record time and on budget, the plant has now reached full capacity, the firm says. Read Full Article at RT.com
RT Business

Russia’s largest LNG project kicks into high gear

Independent Russian gas producer Novatek announced the launch of the third train of its Yamal LNG (liquefied natural gas) Arctic project. Built in record time and on budget, the plant has now reached full capacity, the firm says. Read Full Article at RT.com

Former Fed chair warns of ‘gigantic holes in the system’ & new financial meltdown risk

Janet Yellen, former US Federal Reserve chair, has warned that another financial crisis could be in the country’s future, due to ballooning corporate debt and regulatory impotence. Read Full Article at RT.com
RT Business

Former Fed chair warns of ‘gigantic holes in the system’ & new financial meltdown risk

Janet Yellen, former US Federal Reserve chair, has warned that another financial crisis could be in the country’s future, due to ballooning corporate debt and regulatory impotence. Read Full Article at RT.com

Global economy in 2019: Growth beginning to fray

American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty.
NationMultimedia.com - business

Global economy in 2019: Growth beginning to fray

American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty.

Tencent Music raises $1 billion in US IPO: report

Tencent Music, the streaming division of Chinese technology giant Tencent, will raise around $1 billion from the pricing of its US public share offering, the Wall Street Journal reported Tuesday.
NationMultimedia.com - business

Tencent Music raises $1 billion in US IPO: report

Tencent Music, the streaming division of Chinese technology giant Tencent, will raise around $1 billion from the pricing of its US public share offering, the Wall Street Journal reported Tuesday.

Pound keeps falling on Brexit quagmire; global stocks mixed

The British pound fell again Tuesday due to mounting uncertainty over Prime Minister Theresa May's Brexit plan, while European bourses advanced amid bargain-hunting.
NationMultimedia.com - business

Pound keeps falling on Brexit quagmire; global stocks mixed

The British pound fell again Tuesday due to mounting uncertainty over Prime Minister Theresa May's Brexit plan, while European bourses advanced amid bargain-hunting.

Yellow peril? National protests may halve France's economic growth forecast

The Bank of France slashed in half its assessment of the national growth in the final quarter, saying that chaotic French protests are to blame for hampering business activity. Read Full Article at RT.com
RT Business

Yellow peril? National protests may halve France's economic growth forecast

The Bank of France slashed in half its assessment of the national growth in the final quarter, saying that chaotic French protests are to blame for hampering business activity. Read Full Article at RT.com

Are French protests just about fuel tax hikes? RT’s Boom Bust finds out

As France reels from the chaos of the massive Yellow Vest protests, RT’s Boom Bust looks at the core of people’s discontent – and fuel tax hikes are just a tip of the iceberg. Read Full Article at RT.com
RT Business

Are French protests just about fuel tax hikes? RT’s Boom Bust finds out

As France reels from the chaos of the massive Yellow Vest protests, RT’s Boom Bust looks at the core of people’s discontent – and fuel tax hikes are just a tip of the iceberg. Read Full Article at RT.com

Pedal to the yellow metal: Russia boosts year-on-year gold output by 3%

Russia’s gold production increased by three percent from January through September against the same period a year ago, according to the Gold Industrialists' Union. Read Full Article at RT.com
RT Business

Pedal to the yellow metal: Russia boosts year-on-year gold output by 3%

Russia’s gold production increased by three percent from January through September against the same period a year ago, according to the Gold Industrialists' Union. Read Full Article at RT.com

Inflation in Venezuela hits 1,300,000%, opposition-led Congress claims

Venezuela’s National Assembly, an opposition-controlled legislative body, said annual inflation has reached 1,300,000 percent in November as the country struggles through its worst economic crisis ever. Read Full Article at RT.com
RT Business

Inflation in Venezuela hits 1,300,000%, opposition-led Congress claims

Venezuela’s National Assembly, an opposition-controlled legislative body, said annual inflation has reached 1,300,000 percent in November as the country struggles through its worst economic crisis ever. Read Full Article at RT.com

Huawei exec seeks Canada bail, proposes electronic monitoring

A top executive of Chinese telecom giant Huawei sought release from Canadian detention Monday, offering to submit to strict electronic monitoring, as Beijing escalates its protests over her arrest on a US warrant.
NationMultimedia.com - business

Huawei exec seeks Canada bail, proposes electronic monitoring

A top executive of Chinese telecom giant Huawei sought release from Canadian detention Monday, offering to submit to strict electronic monitoring, as Beijing escalates its protests over her arrest on a US warrant.

Asian markets struggle, pound wallows at 20-month low

Asian equities struggled again Tuesday despite a bounce in New York as investors fret over a perfect storm of issues that have hammered global markets, while the pound remained stuck around 20-year lows on Brexit uncertainty.
NationMultimedia.com - business

Asian markets struggle, pound wallows at 20-month low

Asian equities struggled again Tuesday despite a bounce in New York as investors fret over a perfect storm of issues that have hammered global markets, while the pound remained stuck around 20-year lows on Brexit uncertainty.

Journalists urge EU to resist lobbying by tech giants

Top journalists called on the EU Tuesday to resist intense lobbying by Internet giants to gut a law which would force them to pay for the news content they pick up.
NationMultimedia.com - business

Journalists urge EU to resist lobbying by tech giants

Top journalists called on the EU Tuesday to resist intense lobbying by Internet giants to gut a law which would force them to pay for the news content they pick up.

Under Armour Ousts Two Executives After Review of Expenses

Under Armour Inc. ousted two sports-marketing executives, according to people familiar with the matter, after the apparel brand conducted an internal review of their department’s spending.
WSJ.com: US Business

Under Armour Ousts Two Executives After Review of Expenses

Under Armour Inc. ousted two sports-marketing executives, according to people familiar with the matter, after the apparel brand conducted an internal review of their department’s spending.