business information

Facebook to build data centre in Denmark

The Danish city of Odense and social media giant Facebook announced on Thursday the city was to host a new European data centre that would be powered by clean and renewable energy.

General Motors announces 1-billion-dollar investment in US workforce

General Motors will join other carmakers in opting to invest and hire inside the United States, the company announced on Tuesday, days before the inauguration of president-elect Donald Trump.

Tobacco giant BAT agrees to 49-billion-dollar takeover of US rival

British American Tobacco Plc on Tuesday said it has finalized a deal to acquire 57.8 per cent of shares of US rival Reynolds American Inc for 49.4 billion dollars.

Angered Indians demand Gandhi flip-flops be removed from Amazon

Flip-flops depicting independence leader Mahatma Gandhi for sale on Amazon have triggered anger with Indians, who took to social media over the weekend to demand their immediate removal.

Report: Ex-Volkswagen head knew about scandal two months before

Former Volkswagen chief executive Martin Winterkorn knew about the company's emissions scandal two months earlier than previously stated, the Bild am Sonntag newspaper reported on Sunday.

Takata to pay 1-billion-dollar criminal fine over defective airbags

Beleaguered Japanese car-parts supplier Takata has agreed to pay a criminal penalty of 1 billion dollars, and three of its executives have been indicted, in connection to its sales of faulty...

India's SpiceJet to buy 205 Boeing jets in 22-billion-dollar deal

Indian budget airline SpiceJet will purchase 205 planes worth 22 billion dollars from US manufacturer Boeing, one of the biggest orders ever made by an Indian airline, according to an agreement...

Amazon plans to create more than 100,000 new jobs in the US

The world's largest online retailer Amazon plans to create 100,000 new jobs in the US over the next 18 months.

VW admits guilt in emissions scandal as US indicts six

Volkswagen will admit guilt and pay 4.3 billion dollars in criminal and civil settlements to the US government over the German carmaker's cheating on diesel emissions, US Attorney General Loretta...

Apple partner Foxconn suffers sales drop amid slow iPhone 7 shipments

Apple manufacturing partner Foxconn Technology Group reported its first-ever annual sales decline late Tuesday, in part due to slow shipment of iPhone 7 models it manufactures, state-run media...

Britain's Heathrow sets new record with 76 million passengers in 2016

Britain's Heathrow Airport, Europe's busiest air travel hub, on Wednesday reported a new record of 76 million passengers last year, up 1 per cent from 2015.

Airbus sets record with 2016 commercial aircraft deliveries

Airbus delivered a record 688 commercial aircraft in 2016 on the back of strong operational performance and a robust market, the airline manufacturer said Wednesday.

VW near 4.3-billion-dollar US settlement over emissions cheating

Volkswagen said Tuesday it was close to reaching a settlement of about 4.3 billion dollars with the US Department of Justice in the German carmaker's diesel emissions cheating case.

Volkswagen likely topped Toyota as world's leading carmaker in 2016

Volkswagen AG appears to have become the world's biggest carmaker last year with global sales of more than 10.3 million vehicles, up 3.8 per cent from 2015, according to data issued Tuesday by the...

Toyota announces 10 billion-dollar investment in US

Japan’s biggest carmaker Toyota Motor Corporation will invest 10 billion dollars in the United States, company president Akio Toyoda said, days after US president-elect Donald Trump criticized its...