Business

McDonald’s, Franchisees Face Legal Raps over Labor Violations

Vittorio Hernandez   | Dec 20, 2014 11:05 PM EST

The National Labor Relations Board (NLRB) filed on Friday complaints against fast food giant McDonald's and some of its franchises for labor violations. read more

ADB Cuts Growth Forecasts for China for 2014, 2015

Marcel Woo   | Dec 19, 2014 08:41 PM EST

Citing the country's falling property prices and its spillover effects on the construction sector, the Asian Development Bank (ADB) has trimmed its economic growth forecasts for China for 2014 and 2015. read more

Report Reveals Sweatshop Conditions In Apple's China Factories

Vittorio Hernandez   | Dec 19, 2014 07:14 AM EST

The Cupertino, Calif.-based tech giant could be in trouble anew after BBC aired a report showing sweatshop conditions in Chinese factories that manufacture gadgets for Apple. read more

China’s Neighbors Cannot Expect Higher Demand for Commodities In 2015

Vittorio Hernandez   | Dec 18, 2014 08:26 AM EST

With 2014 about to end, Asian nations heavily dependent on China's demand for their commodities to boost their respective economies are advised to brace for lower demand from Beijing. read more

Avon Charged With Millions For China Bribery

Christl Leong   | Dec 18, 2014 05:33 AM EST

The world's leading direct seller of beauty merchandise, Avon Products, Inc. has been fined US$135 million after its China subsidiary pleaded guilty to bribery charges on Wednesday. read more

New York Bans Fracking

Jose Mario Fuderanan   | Dec 18, 2014 05:34 AM EST

New York bans controversial oil and gas extracting method citing health risks read more

China Claims 85% of EB-5 Visas Given Out by U.S.

Qi Qin   | Dec 18, 2014 03:37 PM EST

The U.S. Visa Office's updated Report of the Visa Office 2014 shows that the U.S. was given 10,692 EB-5 investment visas in total in 2014. Among the EB-5 visas, China covers 9,128 - a rate of 85%. read more

Uber Acquires Half a Billion Audience with Chinese Baidu Partnership

Cory Doyle   | Dec 17, 2014 02:59 PM EST

"Our partnership with Baidu - a premier global brand - reflects our commitment to the region and the growing community of Uber riders and driver-partners here." read more

Ruble Woes Rattle Russian Markets, Buyers

Raymond Legaspi   | Dec 17, 2014 11:35 PM EST

Russian President Vladimir Putin faces a major new challenge after a catastrophic fall in the value of the ruble, which hit a new low Tuesday despite the Central Bank's desperate efforts to halt the selling. On the streets of Moscow, panicky consumers rushed out to buy home appliances before they became even more expensive. read more

Defective Air Bags Trigger Honda's Recall Of Half a Million Cars In China

Staff Reporter   | Dec 17, 2014 01:47 AM EST

Chinese authorities said on Tuesday that Honda Motor and its two joint ventures in China would recall 569,769 cars due to potentially defective air bags which the carmaker said were made by Japan's Takata Corporation. read more

BT in Negotiations to Acquire Mobile Operator EE for $19.5 Billion

David Curry   | Dec 16, 2014 10:05 AM EST

BT has entered into exclusive negotiations with EE, as the broadband provider looks to acquire the young wireless operator for $19.5 billion. read more

Chinese Banks Throw In iPhone, Mercedes-Benz Car To Attract Deposits

Raymond Legaspi   | Dec 16, 2014 07:52 PM EST

Chinese banks seek to drum up more business by turning to giveaways for deposits. On offer at one branch in Beijing: an iPhone 6 Plus or a Mercedes-Benz. read more

Jack Ma Creates Fund to Help YoungTaiwanese Start Businesses in China

Qi Qin   | Dec 15, 2014 03:49 PM EST

Jack Ma, head of Alibaba Group, announced at the 2014 Taiwan and China Entrepreneur Summit today that he is creating a special fund to help Taiwanese young people to start businesses in mainland China. read more

Three New Trading Zones To Be Established In China

Carlene Vision   | Dec 15, 2014 08:20 AM EST

Three new trading and industry zones will be established in the northern, eastern, and southern parts of China specifically in the provinces of Tianjin, Fujian, and Guangdong, according to a statement made by China’s State Council. read more

Russian Weapon Sales Up 20% In 2013, While Sales Of Top 100 Arms-Producing Companies Drop 2%

Vittorio Hernandez   | Dec 15, 2014 02:45 AM EST

The reduced military spending by the U.S. and some European governments as their commitments in Iran and Afghanistan wound down is behind the third consecutive year that weapon sales of the top 100 arms-producing companies dipped again. read more

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