Fast-food

McDonald's to shut 169 outlets in India

McDonald's said Monday it is shutting 169 restaurants in India after a legal row with a local franchise operator.

Automotive

China's Great Wall Motor plans Fiat Chrysler purchase

China's Great Wall Motor signalled on Monday its intention to make an ambitious offer to buy all or part of Italian-American car maker Fiat Chrysler Automobiles.

Imitation Game: China carmakers ape foreign brands at Shanghai show

If imitation is the sincerest form of flattery, then global carmakers are basking in the compliments at Shanghai's auto show, where some Chinese-made models bear striking resemblances to famous foreign brands.

Business

France's Total to buy Maersk Oil

French oil giant Total said Monday that it would buy Maersk Oil, a unit of the Danish shipping giant A.P. Moller-Maersk, for $7.45 billion (6.35 billion euros).

Trump Administration

US business economists worry about the prospects for President Donald Trump's policy agenda, and the potential damage to the economy from his trade and immigration policies

US business economists fret over Trump policy agenda

US business economists worry about the prospects for President Donald Trump's policy agenda, and the potential damage to the economy from his trade and immigration policies, according to a survey released on Monday.

Trump era a new challenge for the IMF

In its 70-year history, the International Monetary Fund has been no stranger to financial crises and policy disputes but now faces a new challenge: a US administration fundamentally opposed to some of its most important positions.

Electronics

Apple under pressure to dazzle as market slows

As Apple and Samsung gear up to launch new flagship smartphones, the market leaders are seeking a wow factor that can help them fend off challenges from rising Chinese-based manufacturers.

Business

China's solar panels shine spotlight on North Korea trade

Traders from North Korea visit Yuan Huan's shop in the Chinese border city of Dandong several times a month to place orders, bringing their own translators and wads of cash.

Business

China cracks down on foreign spending sprees

China is to restrict foreign investments in sports clubs, real estate and entertainment and is banning investment in pornography and «unauthorised» military technology.

China's April exports rise but slow from March

Chinese exports rose for the second consecutive month in April, official data showed on Monday, boosted by improving global demand but the increase was slower than the previous month.

Energy

Wind energy blows up storm of controversy in Mexico

Cain Lopez looks tiny standing near the seven enormous wind turbines that tower over his farm in the Mexican village of La Ventosa.

Experts

Brief tourism impact from Spain attacks

The attacks in Catalonia may hit tourist numbers, but the recent experience of other European countries hit by jihadist violence suggests it will likely be brief, industry experts said.

Virtual currency

Australia to regulate virtual currency exchanges like Bitcoin

Australia is set to regulate virtual currency exchanges such as Bitcoin and strengthen the powers of its financial intelligence agency AUSTRAC as it cracks down on money laundering and terrorism financing.

Automotive

Fiat Chrysler an enticing takeover target for China

Italian-American car maker Fiat Chrysler Automobiles would be an alluring takeover target for a Chinese company, instantly putting it at the top rung of the US auto industry, analysts say.

US Supreme Court blocks GM appeal on defective ignitions

The US Supreme Court on Monday turned away an appeal by auto giant General Motors of potentially billions of dollars in consumer claims over faulty ignition switches.

Business

Wal-Mart profits fall as it ramps investment to fight Amazon

Discount retail giant Walmart updated investors Thursday on its latest gadgets and time-saving options aimed at luring shoppers away from arch-rival Amazon, but the efforts come at a cost.

Top Stories

A McDonald's in New Delhi pictured in June: the company is to shut 169 outlets in India

McDonald's to shut 169 outlets in India

McDonald's said Monday it is shutting 169 restaurants in India after a legal row with a local franchise operator.

Big Ben's scheduled four-year silence has stirred a worried debate at a time of national uncertainty

Last bongs for Big Ben as four-year repairs begin

London landmark Big Ben fell silent for four years starting Monday, as a political outcry mounted over renovations that will rob Britain of a cherished symbol at a time of national uncertainty.

The Beatles released «Eleanor Rigby» in 1966

Beatles' «Eleanor Rigby» score expected to fetch $26,000 at auction

The original handwritten score for the Beatles song «Eleanor Rigby» is to be sold at auction, alongside the deeds of the grave of the woman said to have been immortalised by the Fab Four.

US car industry publication Automotive News has previously reported China's Great Wall intends to buy Fiat Chrysler's Jeep brand

China's Great Wall Motor plans Fiat Chrysler purchase

China's Great Wall Motor signalled on Monday its intention to make an ambitious offer to buy all or part of Italian-American car maker Fiat Chrysler Automobiles.