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Airbus cancels order for six A380s from Skymark Airbus has cancelled an order for six A380 superjumbos from Skymark Airlines because the Japanese company is facing financial difficulties, French daily Les Echos reported.

29 July 2014

Russia ordered to pay Yukos shareholders $50 billion The arbitration court in The Hague has ordered Russia to pay shareholders of Yukos $50 billion in compensation over its seizure of the one-time oil giant, main shareholder GML Ltd said in London

28 July 2014

Bose sues Beats over headphone patents Audio technology veteran Bose Corporation sued Beats Electronics over patented technology for canceling noise in earphones.

26 July 2014

Russian steelmaker Severstal announces sale of US plants Russia's steel giant Severstal announced on Monday the sale of its North American plants to US companies for a total of $2.3 billion (1.7 billion euros).

22 July 2014

Hello Kitty designer defends cute character as cat turns 40 The flamboyant designer of Japanese cartoon and global mega-brand Hello Kitty defended the cute cat against new rivals Thursday as the character prepares to celebrate her 40th birthday.

17 July 2014

Government slaps $579 million penalty on India's Reliance The Indian government has announced a new penalty of $579 million on the country's largest private company, Reliance Industries, for failing to meet commitments to supply gas for the fourth year in a row.

16 July 2014

Ride-share operator Lyft's New York launch hit snag Ride-share operator Lyft was forced to postpone its planned launch in New York after a court intervened over demands that it satisfy local safety and licensing requirements.

12 July 2014

Holiday packages from employers to improve national tourism: Kazakh Vice PM Kazakhstani Ministry of Industry and New Technologies proposed an alternative to free holiday packages.

09 July 2014

India's Reliance looking into black market for World Cup tickets India's largest private company Reliance Industries said it was investigating how costly World Cup tickets it had bought ended up on the Brazilian black market.

09 July 2014

Silicium Kazakhstan to reopen after scandalous shutdown Scandalously closed Silicium Kazakhstan plant will be reopened by the end of this summer.

08 July 2014

Samsung Electronics flags 25% plunge in Q2 profit Samsung estimated Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, as cheap Chinese devices and a strong won hammered down its share of the global smartphone market.

08 July 2014

Twitter buys mobile ad firm Tap Commerce Twitter announced that it has cut a deal to buy mobile ad firm Tap Commerce to bolster money-making tools at the popular one-to-many messaging service.

02 July 2014

BNP fined $8.9 bn for breaking US sanctions on Iran, Sudan BNP Paribas pleaded guilty to US criminal charges of violating sanctions on Iran and Sudan for eight years and was fined a record $8.9 billion.

01 July 2014

China state copper firm chief jumps to his death: report The head of a $2.0-billion Chinese copper producer fell to his death from a building, the firm announced Wednesday, and a state-run newspaper said he committed suicide following corruption allegations.

25 June 2014

Fosun goes to Hollywood with Studio 8 investment Shanghai-based conglomerate Fosun International said it would take a stake in new US media company Studio 8, marking a rare investment by a Chinese firm in Hollywood.

24 June 2014

Google's Nest to buy Dropcam for $555 mn Google's Nest Labs said it was buying video monitoring startup Dropcam for a reported $555 million in cash.

21 June 2014

American Airlines, owed $750 mn, trims flights to Venezuela American Airlines, owed some $750 million by Venezuela, said Tuesday it was sharply reducing flights to the South American nation from July after the two sides failed to read a deal, a spokesman said.

18 June 2014

Hong Kong steel firm pays $470 mn for 5-star Paris hotel A Hong Kong steel investment firm said it has agreed to pay almost $470 million for the five-star Paris Marriott Hotel Champs-Elysees, as it targets Chinese tourists' desire for luxury travel.

18 June 2014

Shell reduces holding in Woodside Royal Dutch Shell on Tuesday announced it was reducing its stake in Australia's Woodside Petroleum, selling Aus$5.3 billion (US$5.0 billion) in shares as it focuses its Australian growth in directly-owned assets.

17 June 2014

Medical device maker Medtronic to buy Covidien for $42.9 bn US medical-device maker Medtronic will buy its Irish-based competitor Covidien for $42.9 billion, the company said.

16 June 2014

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