Economy

BMW, Vodafone, Ericsson urge EU to consider 5G car standard   BMW, Vodafone and Ericsson have said the European Commission should open the way for the use of 5G for internet-connected cars in a sector estimated...

Turkish lira trades below 6.0 against the dollar The lira lost approximately 40 percent of its value against the dollar this year, but has bounced back strongly since the beginning of the week, with gains...

IMF projects Venezuela inflation will hit 1,000,000 percent in 2018   The South American nation’s economy has been steadily collapsing since the crash of oil prices in 2014 left it unable to maintain a socialist system...

Japan Legalizes Casino Gambling Megumi Fujikawa   Legislation offers companies such as Las Vegas Sands and MGM Resorts their first chance to open in Japan. TOKYO—Japan legalized casino gambling and cleared the way for three casino resorts, giving...

Disney wins as Comcast backs out of 21st Century Fox bid   Comcast will now shift focus to acquiring British-based pay TV operator, Sky. Disney will be able to complete its $71.3 billion tie-up with Fox...

Kenya's ban on charcoal production affects millions   Extraction of wood to be used as fuel has contributed to deforestation in the east African country, forcing the government to ban production of charcoal. But, this has...

'Forbes': Kylie to be USA's youngest self-made billionaire   "Forbes" magazine says Kylie Jenner will be the US' youngest self-made billionaire, male or female, as her cosmetic firm, television show profits and endorsement are valued at...

Can Saudi Arabia pump much more oil?   LONDON(Reuters) - The leader of Saudi Arabia has assured U.S. President Donald Trump that the Kingdom can raise oil production if needed and the country has 2 million...

Tesla cuts nine percent of workforce in search of profit   In its fifteen-year existence the company headed up by Elon Musk has not made a profit, and it's burning through cash at an unprecedented rate. Tesla...

Italy's populist coalition government poses new threat to eurozone Ben Chu Economics Editor   After a week of intense wrangling, the leaders of the Five Star Movement and the Lega Nord agree a common programme. Two Italian, populist, eurosceptic parties...