Business

New Zealand has announced plans to nearly triple a tax on international tourists, prompting backlash from the country’s tourism industry. New Zealand’s National Party-led coalition government said on Tuesday that...

This is a crucial time for Europe to ensure that it can compete and thrive in the digital economy.  We welcome the vow of the European Commission’s president, Ursula von...

Hewlett Packard Enterprise (HPE) has confirmed that it will pursue $4bn in damages against the estate of tech mogul Mike Lynch following his death in a yacht wreck off the...

Everything was on track when it came to Jón Óskar Árnason’s culinary career — until it wasn’t. Born and raised in Iceland, Árnason partnered with his then-wife Sarah to open...

General Motors will shutter its factory in Ecuador on Friday and lay off 320 workers who manufacture more than half of the country’s domestically built cars. But the Detroit-based automaker...

Volkswagen says auto industry headwinds mean the German automaker can’t rule out plant closings in its home country, while the company is also dropping a longstanding job protection pledge that...

Hong Kong’s Cathay Pacific Airways has started a fleet-wide inspection of its Airbus aircraft after identifying an engine component failure, sending shares in British engine maker Rolls-Royce down sharply. The...

Due to growing anticipation that the US Federal Reserve will soon lower interest rates, the majority of Gulf stock markets closed Monday’s trading session higher. Investor mood held steady, according...

Restaurant bankruptcy filings have surged so far this year, echoing a broader rise in corporate bankruptcies across sectors. At least 10 restaurant chains, not including multi-unit franchisees, have filed for...

Financial hand-ringing abounds these days as money managers and consumers alike eye a potential recession. But recessions are notoriously difficult for economists to predict. Official recession indicators are mounting. Two...