NEW YORK  – Investors are eager for a touch of Christmas cheer from the U.S. Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. U.S. stocks are having their worst December performance in 16 years with the S&P 500 .SPX notching […]

Shares in Johnson & Johnson plunged more than 10% on Friday, after Reuters reported that the US pharmaceutical giant had known about asbestos tainting its talcum powder for decades. The report comes as the company faces thousands of lawsuits claiming that its talc products caused cancer. Reuters’ review of documents found the company was aware […]

Apple has announced plans to build a new campus in Austin, Texas, saying the project will involve a $1bn (£790m) investment. The company already has an existing base in the city. The iPhone-maker said it expected the latest move would eventually make it the state capital’s biggest private employer. One expert said the area had a […]

U.S. investigators have identified state-sponsored Chinese hackers as the party most likely responsible for the Marriott hotels data breach that exposed the personal information of roughly 500 million people, according to a report Tuesday. The hackers are said to have acted on behalf of China’s Ministry of State Security, Beijing’s civilian spy agency, the New York […]

China has reportedly proposed cutting tariffs on US-made cars to 15%, the same tax levied on car imports from other countries. Bloomberg reported that China’s cabinet will review the plans, which would undo the 40% import duty China imposed on US cars this summer. The proposal, the timing of which remains uncertain, comes as the two […]

Indian business tycoon Vijay Mallya can be extradited from the UK to India where he faces fraud charges, a London court has ruled. The extradition ruling will be passed to the Home Secretary for approval. Mr Mallya, whose business empire once included Kingfisher beer, left India in March 2016 after defaulting on debts of more […]

US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets. The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms. The Dow Jones index and S&P 500 both tumbled about 2.3%, while the Nasdaq fell more than 3%. The falls […]

WASHINGTON  – U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Technologies. “China talks are going very well,” Trump said on Twitter, without providing any details. Major […]

China is demanding the release of telecoms giant Huawei’s chief financial officer, who has been detained in Canada. Meng Wanzhou, the daughter of the company’s founder, could face extradition to the US. She was arrested in Vancouver on 1 December, but the news was not made public at her request. The charges remain unknown but […]

The startup industry in Israel is booming. Entrepreneurs are taking an active approach to capitalize on the potential within their countries. Profit doesn’t seem to drive business operations. Rather, the desire to change outdated socio-economic systems underpins many new business’ values. For the most part, companies are doing an exceptional job. From innovative water systems […]