Coffee giant Starbucks taps into tea-loving India
Starbucks is betting on big returns as it seeks to lure an expanding legion of coffee lovers in India -- primarily a tea-drinking nation where lifestyle changes have spawned a booming market for cafes.
05 September 2012 13:49
Lufthansa strike grounds hundreds of flights
German flag carrier Lufthansa on Tuesday cancelled over 200 flights at its Frankfurt hub, Europe's third busiest, as a union chief threatened to hit every German airport with a 24-hour strike on Friday.
05 September 2012 12:15
Moody's downgrades EU rating outlook to 'negative'
Moody's on Monday lowered the European Union's long-term issuer rating outlook from stable to negative, saying the move reflected credit risks of the bloc's key budget contributors.
South Africa miners to be freed
South African courts are due Monday to start releasing 270 miners arrested over the deaths of fellow workers shot by police, after the murder charges against them were provisionally dropped.
Bernanke signals desire for more Fed stimulus
US Federal Reserve Chairman Ben Bernanke expressed deep worry over the US economy Friday and argued for fresh action to stimulate growth from the central bank.
Japan court rejects Apple patent claims against Samsung
A Japanese court Friday rejected Apple's claim that Samsung stole its technology, dealing a blow to the iPhone maker after last week winning $1.05 billion in damages in the US from its bitter rival.
01 September 2012 12:57
Moody's holds Spain rating pending eurozone moves
Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.
Craft beers enjoy boom despite Italy's crisis
With oyster, tobacco and watermelon flavoured brews, Italy's craft beers are flourishing despite a punishing recession that is putting thousands of other businesses out of work.
29 August 2012 10:05
Apple hits new record after big US court victory
Apple shares soared to a new all-time high Monday after the US tech giant's big win in a patent lawsuit against South Korea's Samsung, which saw its own stock tumble.
Moody's upgrades S. Korea credit rating
Ratings agency Moody's Investors Service Monday upgraded South Korea's sovereign credit rating, citing strong fiscal fundamentals and resilience to external economic shocks.
