China's Forbidden City may become forbidden for the Starbucks chain of coffee shops. Chinese nationalists have protested the Starbucks outlet in the Imperial Palace since it opened in 2000, and an online campaign begun by a television host has led t...
For over twenty years, China has encouraged foreign investment by charging foreign corporations a tax rate as low as 15% while local businesses had to pay 33%. After mounting complaints from Chinese companies, the country's legislature has changed t...
The British Broadcasting Corporation became the first international broadcaster to cut a deal with Google-owned video website YouTube. By showing three channels of their news and entertainment content on YouTube, the BBC hopes to drive web traffic t...
Airbus has made it official that they are selling all or part of six European plants and cutting 10,000 jobs in France, Germany, Spain, and Britain. Employees at three German plants and four French plants stopped working for several hours in protest...
The Shanghai stock index went down 9% last Tuesday and then brought down European and American stock markets with it. Rumors that the Chinese government would impose a 20% capital gains tax encouraged a sell-off. A report by the US Commerce Departme...
American retail giant Wal-Mart is even closer to setting up a chain of supermarkets across India in partnership with Indian mobile phone company Bharti Enterprises, and many people in India are not happy about it. Bharti chairman Sunil Mittal told r...
Rumors are flying about who will buy the American auto company Chrysler from DaimlerChrysler, their German parent company. Car makers Volkswagen, Hyundai, Mitsubishi, Fiat, and Renault-Nissan have all announced that they are not interested. Most rum...
The German automaker DaimlerChrysler made over $7 billion last year, but the American Chrysler division that they acquired in 1998 lost nearly $1.5 billion and has announced plant closings and a cut of 13,000 US jobs. Now, there is talk of Chrysler...
The G7 group, a collection of finance ministers from leading industrialized nations, recently met in Essen, Germany. Several members made hopeful statements about the possibility that the next round of talks first held in Doha, Qatar, would lower tr...
The American stock exchange NASDAQ is giving up on their hostile takeover attempt for the London Stock Exchange. They had insisted that LSE shares were overvalued and that the $24.35 per share that they offered was fair, but they only received accep...