Park calls UPP dissolution 'historical decision'

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Amid scrutiny, Uber says it will focus more on safety

LOS ANGELES (AP) ― Uber promises to focus on rider safety amid increasing concerns that its drivers are not adequately screened for past criminal convictions. In a blog post Wednesday, Uber’s head o...

Updated : 2014.12.18 20:56

China’s Baidu invests in Uber

BEIJING (AFP) ― Chinese search engine Baidu, the country’s equivalent of Google, announced Wednesday it has bought a stake in Uber for an undisclosed sum, as the controversial U.S. web-based taxi app seeks to expand into an already crowded market.Baidu will also link users of its mapping...

Updated : 2014.12.18 20:55

BlackBerry Classic: Back to the basics

NEW YORK (AP) ― BlackBerry is returning to its roots with a new phone that features a traditional keyboard at a time when rival Apple and Android phones ― and most smartphone customers ― have embra...

Updated : 2014.12.18 20:54

Saudi to continue ‘massive’ spending despite oil price fall

RIYADH (AFP) ― Saudi Arabia will continue massive public spending despite a 50 percent drop in the price of oil, which provides the bulk of its revenue, the finance minister said Wednesday.Ibrahim bin Abdulaziz al-Assaf commented after completing the 2015 budget, which will be presented t...

Updated : 2014.12.18 20:52

Russians flock to stores to pre-empt price rises

MOSCOW (AP) ― Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble...

Updated : 2014.12.18 20:49

Regulators extend tax probe to all 28 EU countries

BRUSSELS (Reuters) ― European Union competition regulators have asked all 28 member countries for details of tax deals made with companies between 2010 to 2013, broadening their investigation into co...

Updated : 2014.12.18 20:48

Russia poses risk to global economy

WASHINGTON ― Russia’s suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America alr...

Updated : 2014.12.17 21:28

Apple wins class-action lawsuit over iPod prices

OAKLAND, California (AP) ― A federal jury decided Tuesday that Apple didn’t compete unfairly when it sold music players and songs with copy-protection software that was incompatible with rival devic...

Updated : 2014.12.17 20:45

Apple stops sales in Russia

CUPERTINO, California (AP) ― Apple has halted online sales of its iPhones, iPads and other products in Russia amid financial turmoil triggered by the steep decline in the country’s currency.The ruble plunged by as much as 20 percent Tuesday, even after Russia’s central bank increased in...

Updated : 2014.12.17 20:45

Kuwait says OPEC will not step in to support oil prices

KUWAIT CITY (AFP) ― OPEC has no plans to intervene in the oil market to shore up sagging crude prices, the Kuwaiti oil minister said Tuesday, as Brent crude breached the $60 mark.“At OPEC’s meeting...

Updated : 2014.12.17 20:44

Chrysler renamed FCA US

NEW YORK (AFP) ― U.S. automaker Chrysler unveiled Tuesday its new name, FCA US LLC, reflecting its subsidiary status to newly renamed Italian parent Fiat Italy SpA.Until now, the company, the smalles...

Updated : 2014.12.17 20:43

China looking for new markets in Europe

BELGRADE (AP) ― In an attempt to secure business ties and increase political influence, China has launched a charm offensive in eastern Europe ― where the European Union and Russia are also vying fo...

Updated : 2014.12.17 20:42

Oil prices sink further

LONDON  ― Brent oil slumped Tuesday to a new five-year low below $60 per barrel, as shrinking Chinese manufacturing activity stoked global demand concerns, with sentiment also plagued by over-supply...

Updated : 2014.12.16 21:40

Plunging oil ‘to spark more global tensions’

LONDON (AFP) ― The oil market faces an uncertain outlook in 2015 as tumbling prices resulting from global oversupply stoke geopolitical tensions in key producers of crude, analysts say.Oil prices hav...

Updated : 2014.12.16 21:01

Japan P.M. presses for wage rises after ‘Abenomics’ poll win

TOKYO (AFP) ― Prime Minister Shinzo Abe on Tuesday stepped up pressure on business leaders to hike wages as he embarked on a renewed push to reinvigorate Japan’s economy after his weekend election triumph.Stagnant salaries are one of the main missing links in the “virtuous circle” of g...

Updated : 2014.12.16 21:01