Amazon's cloud computing is like a "soft drug", a French minister said on Tuesday, warning that time was running out for Europe to wean itself off the U.S. company's services.
Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing.
U.S.-listed white goods maker Whirlpool Corp said on Tuesday it would close its plant in Naples on Nov. 1, despite a final attempt by the Italian government to keep the site open.
PARIS: Experience in overhauling a company and a track record in industry will be more important than nationality when carmaker Renault chooses a new chief executive, France's junior economy minister said on Tuesday. Renault, in which the French government owns a 15per cent stake, last week ...
General Motors Co chief executive Mary Barra and company president Mark Reuss took part in contract talks with the United Auto Workers union on Tuesday as a strike of 48,000 U.S. hourly workers has gone on for 30 days, a person briefed on the talks said Tuesday.
Intel Corp has agreed to purchase a software business from Toronto-based Pivot Technology Solutions Inc for US$27 million, the U.S. chipmaker said on Tuesday.
WASHINGTON: The world economy is slowing to its weakest pace since the global financial crisis, amid continuing trade conflicts that have undercut business confidence and investment, the International Monetary Fund said Tuesday (Oct 15). The IMF for the past year has every three months cut ...
Malaysia is considering raising imports of raw sugar and buffalo meat from India, potentially easing trade tensions after reports New Delhi could restrict Malaysian palm oil imports following the country's criticism of India's actions in Kashmir.
Citigroup Inc reported a 6per cent rise in third-quarter profit on Tuesday, driven by growth in its investment banking business and a smaller tax bill.
SINGAPORE: About 40 per cent of residential consumers have switched from SP Group to a new electricity retailer as of end-August this year, the Energy Market Authority (EMA) said on Tuesday (Oct 15). The nationwide roll-out of the Open Energy Market (OEM) started in November last year and was ...
