Nicholas Conti

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This Country Looks Like It Will Grow Faster Than China This Year

India’s economic growth may surpass China’s much sooner than initially expected, with the International Monetary Fund (IMF) forecasting earlier this …

China poised for stimulus as growth slumps to six-year low

Raft of weak data confirms slowdown fears in the world's second largest economy<p>China's economy grew by just 7pc in the first quarter of the year, its slowest rate of expansion since the depths of the financial crisis, raising the prospect of a further round of monetary stimulus in the world's …

Half of the EU and all of ASEAN are now members of China’s alternative to the World Bank

China has announced the 57 founding members of the Asian Infrastructure Investment Bank (AIIB), a Chinese-led initiative seen as a potential rival to the US-dominated World Bank and Asian Development Bank.<p>Despite US efforts to pressure countries not to join the bank, its official roster includes …

Fast food workers are rallying for higher wages in hundreds of cities across America

The latest wave of protests to press for pay increases to $15 an hour was expected to kick off in New York at dawn outside a McDonald's in Brooklyn, pick up momentum during the day and culminate in a march to Times Square during the evening rush hour, organizers said.<p>Fast-food workers will walk off …

Fast Food

Nokia Buys Alcatel-Lucent For $16.6 Billion

Nokia has boldly pushed ahead with its ambition to become one of the world’s leading network equipment makers after buying French peer Alcatel-Lucent for $16.6 billion (15.6 billion euros), the company announced today.<p>The combined company will be called Nokia Corporation and be headquartered in …

China pulls back tax breaks for foreign companies

China is ordering local governments to roll back tax breaks promised to foreign businesses.<p>Chinese cities have been offering incentives such as lower land prices and tax breaks in recent years to attract foreign investment. It worked: $120 billion poured into China in 2014, and giant multinational …

SeaWorld Faces Lawsuit Over Treatment of Whales

A class action lawsuit has been filed against SeaWorld claiming that customers were deceived about the parks’ harmful treatment of whales, and that …

Ikea Is Making 10,000 Flat Pack Shelters To House Refugees

The Better Shelter, an affordable, flat-packed shelter designed by the Ikea Foundation, the UN High Commissioner for Refugees and a separate group of …

Solar Panels

BlackBerry turns a profit, but it's still not selling more smartphones

BlackBerry is back in the black, but despite numerous attempts at reinvention, the company is still flailing.<p>The smartphone maker surprised Wall …