The World Trade Organization’s appeals court, which seeks to resolve disputes between members, faces temporary collapse this year in the face of U.S. opposition to the nomination of judges, the EU’s trade chief said Tuesday. U.S. President Donald Trump has blocked new appointments to the seven-member appellate body, accusing judges of overstepping their mandates and ignoring instructions.
The pound fell to the lowest level since 2017 as the market once again reckoned with no-deal risk after the contenders to be U.K. prime minister intensified demands to renegotiate on Brexit. Sterling was at its weakest level in more than two years versus the dollar and hit a six-month low against the euro, as Brexit negotiations appeared to turn more hostile. Both leadership contenders, Boris Johnson and Jeremy Hunt, have said the so-called backstop plan to avoid a hard border in Ireland, considered essential by Brussels, would need to be scrapped.
As recently as a year ago, the oil market was in a panic about changes to the kind of fuel that ships must burn. A senior executive called the switch the biggest change to the oil industry ever.
Amazon employees went on strike at seven locations in Germany Monday, demanding better wages as the U.S. online retail giant launched its two-day global shopping discount extravaganza called Prime Day.
For months, executives from Anheuser-Busch InBev NV raced to prepare for a listing of its Asian subsidiary, Budweiser Brewing Company APAC Ltd.
A row over taxing tech giants is set to dominate a meeting of G-7 finance ministers near Paris this week, with the world’s leading industrialized nations...
China's government and companies will cut business ties with U.S. firms involved in selling arms to Taiwan, China's foreign ministry said Monday.
Sterling would rise if the opposition Labour Party won an election, the party’s finance policy chief John McDonnell told the Sunday Times, playing down the...
The mid-2019 Cost of Living Index produced by crowdsourced global database Numbeo ranked Beirut fourth-highest among 21 Arab cities and 157th among 377 cities...
Prices of Lebanon’s Eurobonds increased slightly Tuesday following reports that Saudi Arabia is preparing to provide some kind of assistance to help the...
Dubai-based Islamic mortgage provider Amlak Finance PJSC made “significant progress” on securing new terms for $1.2 billion of debt and expects to reach an...
The United Arab Emirates’ state-run ADNOC, long seen as one of the most conservative oil firms in the Middle East, plans an overhaul for its trading...
Turkey will keep drilling for gas in waters off Cyprus if the internationally recognized Greek Cypriot government does not accept a cooperation proposal put...
Central bankers readying to fight another economic downturn are tossing hand grenades rather than firing bazookas.
Facebook may be close to putting a Federal Trade Commission investigation behind it. But it faces a variety of other probes in Europe and the U.S., some of...
US regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the...
The stench of curdled milk wafted from a shipping container of waste at Malaysia’s Port Klang as Environment Minister Yeo Bee Yin told a group of journalists...
The most accurate currency forecasters see the dollar weakening this year and the euro benefiting, as the U.S. looks set to outpace Europe in monetary policy...
Donald Trump expressed his mistrust of cryptocurrency late Thursday, saying it was “not money” and warning that those wishing to join the trade would have to...
The top U.S. diplomat for East Asia urged Japan and South Korea to settle a dispute over Japanese export restrictions through dialogue and said the United...
U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June amid solid gains in the costs of a range of goods and services, but that...
As trade talks resume between China and the United States, President Donald Trump’s advisers are confident he can portray his stance against Beijing as a...
Italian prosecutors have opened an investigation into possible international corruption following media reports that the ruling League party sought millions...
Virgin Group founder Richard Branson has warned that the pound’s value would fall to that of the dollar if Britain leaves the European Union without a deal -...
The U.S. Federal Reserve has created a "working group" that is coordinating with government agencies and other central banks to consider the implications of...
Days before the July 4 holiday in the U.S., hundreds of fans of “Stranger Things” lined up along the beach in Santa Monica, California, to attend a fair...
Richard Branson’s space-tourism venture, Virgin Galactic, is planning to go public, creating the first listed human spaceflight firm.
Volkswagen is halting production of the last version of its Beetle model this week at its plant in Puebla, Mexico.
Air France condemned the French government’s plan for a new tax on flights, saying the levy would hurt the airline’s ability to invest in less polluting...
Sovereign investors command an astounding amount of assets, yet traders typically have only a vague sense of what these behemoths are doing with all that money.
Japan denied imposing a trade embargo on South Korea Tuesday, after a complicated diplomatic dispute that could disrupt global supplies of chips and...
Britain’s data regulator said Monday it wants to fine British Airways 183 million pounds ($229 million) over a data breach that compromised information on...
Wall Street hasn’t been this pessimistic about Apple in a long time.