Business

US unemployment rate dips to 9-year low

The US unemployment rate fell in November to 4.6 per cent, a nine-year low, the Bureau of Labour Statistics said Friday.

Chinese firm building full-size Titanic replica for tourists

Construction has begun on the world's first full-size replica of the Titanic in China, a country that fell in love with the 1997 blockbuster movie about the doomed ocean liner.

Erdogan calls on Turks to sell dollars and buy lira and gold

President Recep Tayyip Erdogan urged Turkish citizens on Friday to sell their dollars and buy gold and lira, as the local currency continued to decline against the greenback and euro.

EU agrees to let Germany introduce road toll, staving off legal feud

The European Commission has approved Germany's plan to introduce a road toll on its motorways, top transport officials from both sides said on Thursday.

Danish container shipping giant Maersk Line to buy German rival

Global shipping giant A/S Maersk Line of Denmark on Thursday announced plans to grow its business by buying German rival Hamburg Sued, the world's seventh largest container shipper.

Vietnam suspends BMW imports

Vietnam has temporarily blocked imports of all BMW vehicles in the wake of fraud allegations, local media reported Thursday.

Eurozone inflation hits two-and-half year high in November

Inflation in the 19-member eurozone rose to a two-and-half year high in November, helping to ease the pressure on the European Central Bank as it struggles to keep consumer prices in positive...

Vegans urge Bank of England to remove tallow from banknotes

British vegans have petitioned the Bank of England to remove tallow from its banknotes after the bank admitted its new plastic 5-pound (6.2-dollar) notes contain traces of the animal fat.

Oil prices jump as OPEC ministers expect to agree on production cut

Oil prices jumped Wednesday as members of the Organization of the Petroleum Exporting Countries (OPEC) voiced confidence that they could reach a deal to cut output for the first time since 2008....

Strike forces Lufthansa passengers to find alternative transport

About 98,000 Lufthansa passengers were forced to make alternative travel plans on Wednesday as a pilots' strike forced the German airline to slash 890 flights.

LinkedIn to create 200 new jobs in the Republic of Ireland

Professional networking website LinkedIn will create 200 new jobs at its regional headquarters in Dublin, the company and the Irish government said Tuesday.

Ex-Iron Maiden singer Dickinson speaks at EBAN conference in Zagreb

Bruce Dickinson, the lead singer of Iron Maiden, a commercial pilot and entrepreneur said in his speech at the EBAN Winter University 2016 conference in Zagreb on Tuesday that it was important to...

Lufthansa flyers face travel chaos as pilots step up strike action

About 180,000 Lufthansa passengers are facing a round of travel chaos this week after the German airline was forced to ground more than 1,700 flights scheduled for Tuesday and Wednesday in the...

Airbus says it will cut more than 1,000 posts

Airbus said Tuesday that it will phase out 1,164 positions and transfer 325 posts as part of an effort to increase efficiency.

Council of EU agrees to remove geo-blocking in e-commerce

The EU Council for Competitiveness on Monday agreed on a draft regulation to ban unjustified geo-blocking between member states.