Business

The company of jailed U.S. businessman Michael Calvey, Moscow-based private equity group Baring Vostok, has written an open letter to Russian President Vladimir Putin, urging him to intervene in the arrest of a U.S. citizen, […]

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New England Patriots owner Robert Kraft was charged in Florida with soliciting prostitution, after being captured on video engaging in sex acts with a worker at a massage parlor, police said on Friday, Reuters reported. […]

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American carmakers have shown strong opposition to President Donald Trump’s proposed auto tariffs on imported cars as they could very well hurt car sales, the three top producers argue. The so-called big three – Fiat […]

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Tesla’s general counsel is leaving just two months after being hired in the wake of Elon Musk’s run-in with U.S. securities regulators, Fortune reported. Dane Butswinkas, the Washington trial lawyer who represented Musk in his […]

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Space agency NASA said on Friday it was considering buying two additional astronaut seats aboard a Russian rocket as a contingency plan against further delays in the launch systems being developed by Elon Musk’s SpaceX and […]

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Fresh sanctions against Russia proposed this week by U.S. legislators could hinder the development of some natural gas export pipelines, but otherwise do little to harm the country’s largest energy companies, Bloomberg writes citing analysts. […]

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Chinese Deputy PM Liu He met with top U.S. officials in Beijing on Thursday for negotiations to avert a worsening of the countries’ trade war, ahead of a U.S. deadline for raising tariffs on Beijing’s […]

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The U.S.-European trade truce struck last summer that’s helped keep punitive tariffs at bay is at risk of unraveling, with America’s top diplomat to the European Union citing a lack of good will and progress […]

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Global restaurant chain McDonald’s will raise investment in Russia by 40 percent this year, Marc Carena, the company’s managing director in Russia, told reporters on Wednesday, according to Russia Business Today. The fast-food giant plans […]

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Russia began reducing investments in U.S. government bonds again in November, data from the U.S. Treasury Department reveals, according to Ura news agency. In November, Russia’s total investment in U.S. securities amounted to $12.814 billion, […]

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Apple shares rose more than 3 percent on Friday, gaining enough ground to practically erase the losses that followed the company’s lowered revenue guidance three weeks ago, CNBC reported. The stock traded as high as […]

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Elon Musk’s mother, Maye Musk, blamed the media and short sellers on Thursday for manipulating Tesla stock, which fell nearly 4 percent during trading on Wednesday, Fox Business reported. “Short sellers and the media are […]

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The world’s largest diamond company, Russia’s Alrosa, has appointed Rebecca Foerster as president of its U.S. operations, a role in which she will work on developing the miner’s polished sales in the country, the company said, […]

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Investors punished Tesla on Friday after embattled CEO Elon Musk announced thousands of layoffs and admitted the company’s electric cars are overpriced, sending the stock down 13 percent to $302 by the end of the […]

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American refiners are bidding up prices for scarce types of crude oil needed for their most sophisticated plants as Washington reconsiders harsher sanctions on Venezuela that could further reduce imports of the country’s oil, CNBC […]

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Apple plans to slow down its hiring in some divisions after holiday iPhone sales came in lower than expected, Bloomberg reports. Even though that’s not quite as severe as a full-blown hiring freeze and far […]

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Qualcomm sought to become the sole supplier of modem chips for Apple’s iPhone to recoup a $1-billion “incentive payment” that Apple insisted on, not to block rivals from the market, Qualcomm’s chief executive testified on […]

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Uber’s Chief Executive Dara Khosrowshahi said market turbulence in the U.S. would be unlikely to affect the ride-hailing titan’s plans for a public listing, Wall Street Journal reports. “Any company that’s going public would like […]

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Federal Reserve officials on Friday laid the groundwork to take a break from raising short-term interest rates in coming months, propelling stock prices already cheered by a stronger-than-expected December jobs report, Wall Street Journal informed. […]

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Herbert Kelleher, who co-founded pioneering low-cost carrier Southwest Airlines Co and built it into an industry powerhouse stamped with his colorful, unconventional personality, died on Thursday at age 87, the U.S. carrier said, Reuters reported. […]

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Tesla named a pair of new independent directors, including Oracle Corp. Chairman and tech-industry luminary Larry Ellison, to a board that has been under fire for its oversight of Chief Executive Elon Musk, Wall Street […]

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The marriage between Russia and OPEC is off, as Russian Energy Minister Alexander Novak on Friday poured cold water on long-simmering plans to make Moscow’s alliance with OPEC and other oil producers permanent, CNBC reported. […]

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Shares of Philip Morris International (NYSE:PM) have tumbled about 20% so far this year as concerns about slower shipments, tighter regulations, rising interest rates, a stronger dollar, and fresh competition from British American Tobacco’s (NYSE: […]

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The UAE’s Central Bank and the Saudi Arabian Monetary Authority (Sama) will issue a digital currency for cross-border transactions between the two nations, CBUAE governor Mubarak Rashed Al Mansouri said on Wednesday, Arabian Business informed. […]

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