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  • Skyscraper lit in Qatar Airways' colors amid dispute June 28, 2017
    NEW YORK (AP) — The Empire State Building in New York City is lit up in burgundy and white for Qatar Airways amid a diplomatic dispute with Qatar.
    The Associated Press
  • Study finds pay for public college presidents up 5.3 percent June 28, 2017
    Presidents of U.S. public colleges and universities saw their earnings climb by 5.3 percent last year, with several of them topping $1 million, according to an annual survey.
    The Associated Press
  • Senate GOP shelves health bill, imperils 'Obamacare' repeal June 27, 2017
    WASHINGTON (AP) — Senate GOP leaders abruptly shelved their long-sought health care overhaul Tuesday, asserting they can still salvage it but raising new doubts about whether President Donald Trump and the Republicans will ever deliver on their promises to repeal and replace "Obamacare."
    The Associated Press
  • Shkreli jury selection expected to take a third day June 27, 2017
    NEW YORK (AP) — Jury selection at the securities fraud trial of a former pharmaceutical CEO notorious for price-gouging hit a rough patch on Tuesday as the court struggled to pick a pool of prospective jurors who could ignore a swirl of bad publicity for the defendant.
    The Associated Press
  • LA City Council oks plans for George Lucas museum June 27, 2017
    LOS ANGELES (AP) — The Force was with George Lucas on Tuesday as the Los Angeles City Council moved with lightsaber speed to clear the way for a $1.5 billion Museum of Narrative Art the "Star Wars" creator plans to build down the road from his alma mater.
    The Associated Press

RSS Business and Finance

  • El Al can no longer ask women to move seats on religious grounds June 27, 2017
    ONE of the more unsavoury airline practices has now been outlawed. In 2015 flight attendants on El Al, Israel’s national carrier, asked Renee Rabinowitz, an 81-year-old holocaust survivor, to move seats after she boarded her flight in New Jersey. An ultra-orthodox Jewish male passenger had objected to having to sit next to her. Haredim, it […]
  • Etihad allows flyers to bid to keep adjacent seats empty June 25, 2017
    THERE are few things that airlines will not now put a price on. Even so, Etihad Airways has come up with an intriguing idea. The Abu Dhabi-based carrier is offering flyers the chance to bid to keep adjacent seats on a flight empty. Passengers can suggest the price they are willing to pay to block […]
  • Qatar Airways wants a 10% stake in American Airlines June 23, 2017
    IT SEEMED, at first blush, to be a masterclass in how to bait a rival. For years, American Airlines, along with other big American carriers, has complained of “unfair” competition from Middle Eastern operators, which stand accused of taking state subsidies. On June 22nd one of those accused, Qatar Airways, said it planned to take […]
  • Why the falling oil price isn’t hurting markets June 22, 2017
    INVESTORS could easily get confused about the impact of oil-price rises on the economy and markets. The story seemed to be clear: high prices bad, low prices good. The two great oil shocks in the 1970s were unambiguously bad for Western economies—ushering in stagflation and transferring spending power to the oil-producing countries. In turn, low […]
  • Investors snap up Argentina’s 100-year bonds June 22, 2017
    ONE hundred years ago, Argentina was not the country it is today. Thanks to a belle époque of lavish foreign investment, rapid inward migration and bountiful agricultural exports, its GDP per person in 1917 was comparable to that of Germany and France. Although the first world war brutally interrupted international trade and investment, the country […]
  • General Motors is getting smaller but more profitable June 22, 2017
    THE headquarters of General Motors (GM) tower over the other skyscrapers in Detroit’s city centre, a reminder that the carmaker still rules the American market. Yet GM’s domestic might increasingly contrasts with its position elsewhere in the world. Although most other carmakers see becoming ever bigger everywhere as the answer to the industry’s multiple challenges, […]
  • The Federal Reserve risks truncating a recovery with room to run June 22, 2017
    WHEN it comes to inflation, the Federal Reserve sometimes resembles a child freshly emerged from an age-inappropriate horror film. To its members, runaway price increases seem to lurk in every oddly shaped shadow. On June 14th America’s central bank raised its benchmark interest rate for the third time in six months, even as inflation lingered […]
  • The prospects for the world’s biggest IPO June 22, 2017
    THE proposed sale of 5% of Saudi Aramco is not just likely to be the biggest initial public offering (IPO) of all time. “It’s like Gibraltar selling the rock,” as one expert on Saudi Arabia’s oil policy puts it. The world’s biggest oil company keeps the House of Saud in power, bankrolled 60% of the […]
  • Fund managers rarely outperform the market for long June 22, 2017
    THE big investment shift of recent years is from active to passive. Clients have been buying index funds, which passively track a benchmark like the S&P 500 index, and shunning fund managers who actively try to pick the best shares.One reason for the shift is that passive managers charge lower fees than active funds. Many […]
  • Amazon’s big, fresh deal with Whole Foods June 22, 2017
    JEFF BEZOS does not like sitting still. In his annual letter to Amazon’s shareholders this year, he warned of “stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death.” Competitors are toiling to avoid the same fate but it is hard to keep up. On June 16th Amazon said it would pay $13.7bn […]
  • India’s huge buffalo-meat industry is in limbo June 22, 2017
    IN A corner of the state of Uttar Pradesh (UP) stands a gleaming building dedicated to animal slaughter on an industrial scale. Neatly mown lawns lead the way to a corral for hundreds of the curly-horned Murrah buffalo typical of the region. Nearby is a lorry-sized, stainless-steel machine in which the animals are killed. A […]
  • Finland tests a new form of welfare June 20, 2017
    Mr Jarvinen, benched too longJUHA JARVINEN, an unemployed young father in a village near Jurva, in western Finland, brims with ideas for earning a living. He has just agreed to paint the roofs of two neighbours’ houses. His old business, making decorative window frames, went bust a few years ago. Having paid off debts, he […]