Business

Ellen Pao Loses Gender Discrimination Case vs Silicon Valley … In High Drama

Vittorio Hernandez   | Mar 28, 2015 04:37 AM EDT

Ex-Kleiner Perkins Caufield & Byers junior partner Ellen Pao lost on Friday the sex discrimination case she filed against her former employer. But the San Francisco Superior Court had its moments of drama as one of the jurors changed his mind while on the way to the courtroom. read more

'Racist' Chinese Restaurant in Kenya Shut Down

LJ Ross   | Mar 28, 2015 04:26 AM EDT

Kenyan authorities ordered the shutdown of a Chinese restaurant in Nairobi following an uproar over its policy not to accept African patrons after five o'clock in the afternoon. read more

Heinz Buys Kraft To Create World's Fifth Largest Food Company

Geann Pineda   | Mar 27, 2015 07:08 AM EDT

Ketchup maker Heinz is buying Kraft Foods, a move that will create the world's fifth largest food and beverage company. read more

Three UK To Acquire O2 In US$15B Deal

David Curry   | Mar 26, 2015 02:27 AM EDT

Three UK has announced it will be acquiring O2 for £10 billion (US$15 billion) earlier this week, in a move to tie up the second largest UK carrier from any other potential buyouts. read more

Senior Chinese Official Urges U.S. to Join AIIB

Marcel Woo   | Mar 25, 2015 08:52 AM EDT

Instead of keeping on questioning the transparency and governance of the China-backed Asian Infrastructure Investment Bank (AIIB), the United States better join about 30 other countries as founding members of the bank. read more

India’s Cotton Route Aims To Rival China’s Silk Road

Vittorio Hernandez   | Mar 23, 2015 11:19 PM EDT

The rivalry between the two Asian giants, China and India, continues not only in the area of population, but also in ancient trade routes that are being revived. If China has its famous Silk Road, India will have its Cotton Route. read more

First Yuan Hub In North America Facilitates Business For Global Traders

Vittorio Hernandez   | Mar 23, 2015 11:06 PM EDT

A Canadian offshore trading center for yuan, China's currency, would facilitate business for companies trading with China and Canada. It is also expected to increase trade between the two nations. read more

Mercedes Benz F 015: First Insight Into The Future of Automotive

David Curry   | Mar 21, 2015 12:51 AM EDT

Mercedes Benz has shown off its self-driving concept car. read more

$714 Million Settlement Ends Lawsuits Against BNY Mellon For Forex Cases

Vittorio Hernandez   | Mar 20, 2015 01:13 PM EDT

U.S. federal and state authorities announced on Thursday that the Bank of New York Mellon Corp is agreeable to the payment of $714 million settlement for alleged overcharging on pension funds and other clients for foreign exchange services. read more

FAA Allows Amazon to Test Delivery Drones in The U.S.

Geann Pineda   | Mar 20, 2015 06:29 AM EDT

The Federal Aviation Administration (FAA) has allowed Amazon to conduct drone test flights in Washington state, a move that seems to soften its rules on commercial drone operations. read more

More Nations Join U.S. To Pressure China To Alter Bank Cybersecurity Rules

Vittorio Hernandez   | Mar 19, 2015 01:54 PM EDT

Japan and the European Union joined the U.S. in pressuring China to change its stand on bank cybersecurity rules. Under the current regulations, technology vendors to Chinese banks must turn over their secret source code and use instead Chinese encryption algorithms. read more

TAG Heuer, Google, Intel Team Up for First Luxury TAG Smartwatch

Geann Pineda   | Mar 20, 2015 04:07 AM EDT

Swiss watchmaker TAG Heuer and Silicon Valley tech companies are joining forces in creating what they call the first luxury Swiss Android Smartwatch. read more

China Now The World's Third Biggest Arms Exporter; Outranks Germany

Arlene Lim   | Mar 20, 2015 09:48 AM EDT

China has overtaken Germany in the global ranking of countries with biggest arms exports, after Chinese exports of weapons registered an increase of 143 percent. read more

U.S. Airlines Seek Limit In Gulf Carriers' Operations In America

Arlene Lim   | Mar 22, 2015 10:31 PM EDT

The three biggest U.S. airlines have asked the Obama administration to set new limits into the flight operations of three major airlines based in the Persian Gulf, citing unfair business advantage as among the reasons. read more

Around 350 Employees to Lose Jobs as Yahoo Leaves China

Arlene Lim   | Mar 19, 2015 07:20 AM EDT

About 350 employees are set to lose their jobs as Yahoo leaves China, ending a decade-long business partnership between the country and the American Internet giant. read more

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