Germany's Siemens says nearly 12,000 jobs under threat
German industrial giant Siemens said Friday it was weighing cuts of nearly 12,000 jobs around the world as part of a major restructuring.
Spain okays Repsol plan for Canary Islands exploration
The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".
Starbucks comes under 7-Eleven control in Australia
The owners of the 7-Eleven chain in Australia have taken control of coffee giant Starbucks' struggling local operations in a bid to turn around its fortunes, the company said.
Accor buys 97 hotels in Europe for 900 mn euros
Hotel group Accor on Tuesday announced the purchase of 97 hotels in Europe through its HotelInvest business for a total of 900 million euros ($1 billion).
Sony to sell PlayStation in China through new ventures
Sony will bring its PlayStation consoles to China through two joint ventures, its Chinese partner said Monday, as the Japanese gaming giant seeks to tap a newly opened market.
Mining giants slam Australia's 'high' taxes, costs and currency
Three of the world's biggest miners have warned that government taxes, high costs and a strong currency are putting pressure on their Australian operations, reports said Monday, as they battle falling commodity prices owing to a supply glut.
Kazahstani banks initiate WhatsApp call-center services
Kazakhstani banks are starting to provide consultations over WhatsApp.
Australia's Treasury Wines rejects $2.85 bn takeover offer
Australia's Treasury Wine Estates on Tuesday revealed it received a Aus$3.05 billion (US$2.85 billion) takeover bid from US private equity firm Kohlberg Kravis Roberts (KKR) and rejected it as too low.
South Korea's Kumho to upgrade Philippine airport
A South Korean firm has won an $82.9-million contract to upgrade an airport at one of the Philippines' hottest tourist destinations, authorities said.