Feed items

World markets mixed as Wall Street takes a holiday

(Bloomberg) -- European stocks were little changed near a seven-year high, paring earlier losses. Greek shares fell on skepticism that a debt agreement...

GM gets 75 more claims for ignition switch compensation

General Motors Co has received 75 claims for compensation for ignition switch defects in its cars last week, bringing the total to 4,312, the official administering the compensation program said on Monday.

Honda to slow U.S. output amid West Coast ports dispute

Japanese carmaker Honda Motor Co Ltd (7267.T) plans to slow production at some of its plants in North America due to a parts shortage caused by a partial shutdown of ports along the West Coast.

Oil traders celebrate market rout

For some the lavish party thrown by Socar, the state oil company of Azerbaijan, during International Petroleum Week, was a chance to drown their sorrows and forget about the market. But for others enjoying the hospitality at the Grosvenor House Hotel on London’s Park Lane there were reasons to celebrate.

Russian hearts, minds and refrigerators

A friend of mine from Moscow has a nice way of describing how her fellow citizens view the war in Ukraine. She calls it a “contest between the television and the refrigerator”. The television stirs Russian spirits with a story about a great patriotic struggle against a “fascist” Ukraine and a scheming west. But the refrigerator lowers the spirits, with its increasingly sparse and costly contents. The contest between the refrigerator and the television can now be gauged in opinion surveys. A recent poll shows that 44 per cent of Russians see America as the enemy — up from 4 per cent before the conflict started. But another poll suggests only 19 per cent believe that Ukraine should be part of Russia — compared with about 50 per cent who endorsed that idea last March. The battle for Russian minds will resume if and when the war in Ukraine restarts in earnest. That may happen soon.

Jack Ma’s new-year message is bad news for Alibaba investors

Alibaba won’t be paying Lunar New Year bonuses this year in the latest piece of bad news for the company.

LG unveils 'luxury' smartwatch to challenge Apple

South Korea's LG has unveiled an "luxury smartwatch" in an attempt to broaden the appeal of its wearable device and steal a lead on the Apple Watch.

One theory behind Apple's sudden interest in cars

Apple’s apparent interest in making an electric car is getting people pretty excited. In case you missed it, at least three reports have swept through the business media on this topic in the past 48 hours. The Financial Times (paywall) was out first with a story that said Apple was hiring experts for a new car research lab, in a move that suggested […]