Business

Billionaire inventor and staunch Brexit supporter James Dyson has decided to move his power vacuum dynasty to Singapore, delivering a fresh blow to the UK government's Brexit plans.

Bruno Le Maire, the French minister of the economy and finance, is warning against the rising power and influence of transnational corporations and the deepening polarisation of wealth and individual incomes, saying that the growing inequality and injustices could crush capitalism.

After PewDiePie’s leadership turned out to be on the chopping block given the growth rate of commercial project T-Series’ subscriber count, the Swedish gamer launched at least two online campaigns – one, initiated by fans, to extend his following, and another one to vocally reject a “meme ban” regulated by pending EU copyright legislation.

European lawmakers have given the green-light to Tesla after roadworthiness tests of its affordable Model 3 sedan, clearing the way for the US automaker to compete with Mercedes, Volkswagen and others in the eco-friendly car market.

The EU's initiative, closely following the GDPR, is yet another step in the bloc's reconsideration of its user security and copyright control principles, which has earned not only the support of a number of pressure groups, but has drawn criticism from free speech campaigners.

Mastercard is known to be the second largest card scheme in the European Economic Area (EEA) in terms of consumer card issuing and value of transactions, according to the EU Commission statement.

Self-described US ‘King of all Media’ and longtime ally Howard Stern has turned the tables on frequent guest and friend US President Donald Trump, referring to the latter’s much-cherished wall on the US-Mexico border as a pointless campaign tactic that only “morons can get behind,” according to reports.

A United Airlines flight from Newark, New Jersey, to Hong Kong, grounded in Canada after a passenger health emergency, remained on the tarmac for 14 hours in subzero temperatures as the remaining occupants began to run out of food.

A stunning new report has revealed that the world’s 26 wealthiest people own the same level of resources as that distributed between humanity’s poorest 50 percent.

Indonesia, which is bracing for an approaching parliamentary vote, has followed in India’s footsteps in rooting out false online reports, which the latter pursued after seeing as many as five mob lynchings of innocent people due to the spread of inaccurate information via the service last year.

A new global survey finds citizens across the globe are increasingly sceptical of their governments over fears of corruption, lack of representation, and insufficient accountability; meanwhile, public trust in private-sector companies appears to be on the rise.

An ongoing robust expansion in China's petrochemicals and fuel refining industries remains highly-supportive of international crude prices, despite fears of a global economic slowdown and the ongoing broader cooling in the Chinese economy, in particular.

US Senators wrote a letter to the Washington DC public transport authority, urging it to not grant a $1 billion contract for subway cars to China’s CRRC company, who have recently won four major US contracts due to low bids.

Fed policymakers are heatedly debating further policy moves amid mounting global economic uncertainty as well as developments in the US, as the central banking system is set to hold its first meeting at the end of this month.

In December, French President Emmanuel Macron and Japan's Prime Minister Shinzo Abe agreed to secure stable relations between the alliance of three-way automaker, which consists of Renaut, Nissan, and the Mitsubishi Motors Corp.

Beijing's plan to cut taxes, boost spending, and loosen monetary policies this year are seen as supporting the nation's economic growth by many investors, while a possible Sino-American trade deal could provide an additional boost to China's GDP growth.

Lingering political tensions, international trade woes, and seasonal factors appear to have affected US economic growth in January, although data for the past quarter and the resilience of GDP growth point to a rebound in the coming months.

A report from the World Economic Forum paints a grim picture for international economic relations this year, citing concerns about heightened political risks, the polarisation of wealth, as well as environmental and geostrategic challenges.

The British government says consumer spending eased in the winter holiday season, while a separate report suggests the UK's housing market could be in for a major pricing readjustment due to concerns related to the possibility of a “no-deal” Brexit.

The European Central Bank (ECB) is facing personnel turmoil, audit requests from the EU, as well as a possible recession in the Eurozone; experts say a combination of these challenges could hurt the ECB's credibility as it braces for a major policy adjustment this year.