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France, U.K. trade hypocrisy claims over MH17 sanctions, analysts say

Wreckage from Malaysia Airlines flight MH17 after it crashed into a sunflower field near the village of Rassipnoe, in rebel-held east Ukraine. (AFP-Yonhap)LONDON (AFP) ― Britain and France are tradin...

Updated : 2014.07.24 21:01

IMF: U.S. growth at weakest since recession

WASHINGTON (AP) ― U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related c...

Updated : 2014.07.24 21:00

World Bank offers billions in aid to India

NEW DELHI (AFP) ― The World Bank on Wednesday offered India up to $18 billion in financial support over the next three years while lavishly praising new right-wing Prime Minister Narendra Modi’s “ambitious vision” for the country.Modi’s Hindu nationalist Bharatiya Janata Party was ele...

Updated : 2014.07.24 21:00

Argentina president says country will not default

BUENOS AIRES (AP) ― Argentina’s president said Wednesday that her country will not go into default because it has been paying debts to bondholders on time. The government is in negotiations to resolve a dispute with creditors over $1.5 billion in unpaid debts that could lead Argentina to...

Updated : 2014.07.24 20:59

EU to hit Russian banks over Ukraine: reports

   BRUSSELS (AFP) - The European Union may go even further than the United States in hitting Russian banks with sanctions over the Ukraine crisis, curbing their ability to raise fresh funds, reports said Thursday.   As member state ambassadors to the EU began a meeting to review the ne...

Updated : 2014.07.24 19:58

Apple profit tops analyst forecasts

SAN FRANCISCO (AP) ― Apple’s growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a b...

Updated : 2014.07.23 19:46

Chrysler to recall 792,300 SUVs

WASHINGTON (AFP) ― Chrysler on Tuesday said it would recall up to 792,300 sport utility vehicles to fix an ignition-switch problem, the same part involved in the massive General Motors recall.The aut...

Updated : 2014.07.23 19:45

Apple gets smart watch patent

SAN FRANCISCO (AFP) ― A U.S. patent made public on Tuesday bolstered rumors that Apple has designs on a smart watch.“The invention pertains to an electronic wristwatch,” said a summary in Apple patent paperwork on record with the U.S. Patent and Trade Office.The patent describes a wrist...

Updated : 2014.07.23 19:44

Barclays, Deutsche Bank in U.S. tax scheme

WASHINGTON (AFP) ― Two of Europe’s largest banks, Barclays and Deutsche Bank, have sold complex financial products that allowed hedge funds to avoid U.S. taxes, a Senate report said Tuesday.The sche...

Updated : 2014.07.23 19:44

China detains five in expired meat scandal

BEIJING (AP) ― Five employees of a company accused of selling expired beef and chicken to McDonald’s, KFC and other restaurants were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.China’s food safety agency said on its websit...

Updated : 2014.07.23 19:44

Yahoo builds mobile muscle with Flurry buy

SAN FRANCISCO (AFP) ― Yahoo continued its quest for renewed relevance with the purchase of a startup specializing in analyzing and making money from mobile applications.Yahoo did not disclose how muc...

Updated : 2014.07.22 20:47

MS makes design central to its future

REDMOND, Washington (AP) ― Before Ralf Groene helped devise the look and feel of Microsoft’s Surface tablet, he designed food ― or “food concepts,” he says, for people on the go. Among them: drie...

Updated : 2014.07.22 20:46

Xi eyes increased investment in Cuba

HAVANA (AFP) ― Chinese President Xi Jinping is visiting Cuba with hopes of expanding political and economic ties in the fellow communist nation.The tour of the Americas’ only one-party communist nat...

Updated : 2014.07.22 20:46

Switzerland, China agree on swap boosting yuan’s role

GENEVA (AFP) ― The Swiss and Chinese central banks signed a currency swap agreement in Beijing on Monday, marking an important step in the development of a market for yuan in Switzerland, the Swiss c...

Updated : 2014.07.22 20:45

Bank crisis further rattles Portuguese economy

LISBON (AFP) ― Portuguese Economy Minister Antonio Pires de Lima admitted on Monday that a crisis engulfing the giant Banco Espirito Santo group could affect the country’s recovery, but insisted Portugal’s “upturn is stronger.”“The crisis in the Espirito Santo group will not do us go...

Updated : 2014.07.22 20:45