Breaking News
Home / Business (page 2)

Business

Kenya’s first 120kph expressway to kick off

Kenya’s first high-speed expressway connecting Nairobi and Mombasa is set to start following the signing of a financing deal last week. Expressways, a common infrastructural feature in developed countries, are designed for high speed traffic averaging speeds of about 120 kilometres per hour. According to the State agency, design and ...

Read More »

Merck CEO resigns

Merck CEO Kenneth Frazier resigned from President Trump’s American Manufacturing Council after Trump drew fire from across the political spectrum for not specifically denouncing the far right after deadly violence in Charlottesville.

Read More »

South African Airways ‘is on verge of bankruptcy’

It is thought the national carrier may soon be unable to pay salaries. The cash-flow statement shown to MPs and seen by the BBC paints a picture of an airline haemorrhaging cash. It says that matters may improve by October, but only if it gets a 792m-rand (£45m) bailout from ...

Read More »

German industry holds ‘diesel summit’ on car emissions

Germany’s carmakers are expected to agree a plan to cut harmful diesel emissions, at a summit with top politicians in Berlin. The industry is under huge pressure to help curb air pollution, after the diesel emissions scandal, which exposed cheating to manipulate test readings. The reputation of a key strategic ...

Read More »

Qualcomm accuses Apple of infringing six patents in iPhone, iPad

By Diane Bartz and Stephen Nellis | WASHINGTON Chipmaker Qualcomm Inc (QCOM.O) will ask the U.S. International Trade Commission to bar Apple Inc (AAPL.O) from selling some iPhones and iPads in the United States that use chips made by competitor Intel Corp (INTC.O) on the grounds that the devices infringe on six Qualcomm patents. In ...

Read More »

Qatar Airways set to start buying shares in American Airlines

By Conor Humphries | DUBLIN Qatar Airways is to press on with plans to build a stake of up to 4.75 percent in American Airlines (AAL.O) in the near future, despite the “categorical” opposition of the U.S. company’s management, Qatar Chief Executive Akbar al-Baker said on Thursday. The state-owned carrier notified American Airlines ...

Read More »

Cyber Risk

Danish shipping giant A.P. Moller-Maersk (MAERSKb.CO) expects container shipments to be back to normal early next week, it said on Thursday, as the impact of last week’s cyber attack extends into its third week. Maersk, which handles one in seven containers shipped globally, said this week it had restored its ...

Read More »

EU fines Google $2.7bn for breaching competition rules

The European Union has imposed a record €2.42bn ($2.72bn) fine on technology giant Google, for abusing its dominance as a search engine by giving illegal advantage to its own shopping service. “What Google has done is illegal under EU antitrust rules. It denied other companies the chance to compete on ...

Read More »