Business
Latest stories
UK Forces Airlines to Fly More as Economy Reopens

Airlines must operate more flights in Britain this summer as demand recovers from the pandemic -- or lose lucrative take-off and landing slots, the UK government warned Monday.

W140 Full Story
Why Effort to Help Afghanistan is Falling Short

As winter deepens, a grim situation in Afghanistan is getting worse. Freezing temperatures are compounding misery from the downward spiral that has come with the fall of the U.S.-backed government and the Taliban takeover.

Aid groups and international agencies estimate about 23 million people, more than half the country, face severe hunger and nearly 9 million are on the brink of starvation. People have resorted to selling possessions to buy food, burning furniture for warmth and even selling their children.

W140 Full Story
Stocks Slide on Ukraine Tensions, Wall Street Selloff

Global stock markets mostly sank on Monday, hit by fears over simmering Ukraine tensions -- and a painful pre-weekend selloff on Wall Street.

W140 Full Story
Party-Hard Dubai Ponders New Workweek Debate: When's Brunch?

Friday will never be the same again.

For those with means in Dubai, the former first day of the weekend carried a gluttonous party tradition — an hourslong affair with infinite supply of seafood, pizza, dessert and Veuve Clicquot Champagne set to pulsing music known simply in this city-state as "Friday brunch."

W140 Full Story
Khalil Says No New Taxes in State Budget

There will be “no new taxes” in the 2022 state budget, “contrary to what is being rumored,” Finance Minister Youssef Khalil said after Monday’s Cabinet session.

W140 Full Story
Mexico's Energy Reform Strains Ties with U.S.

Mexico's plan to favor its own state-owned electrical power plants and limit energy sales by private, foreign-built projects could affect U.S. investment in Mexico, officials said during bilateral talks this week.

According to statements issued Friday, the U.S. government has "real concerns with the potential negative impact" on U.S. firms and investments.

W140 Full Story
Lebanon to Sign Electricity Deal with Jordan Next Week

Crisis-hit Lebanon will sign a deal with Jordan next week to bring in electricity via Syria to help ease grueling power cuts, Energy Minister Walid Fayyad has told AFP.

W140 Full Story
French Energy Giant Total Joins Push for Myanmar Sanctions

French energy conglomerate TotalEnergies has asked the American and French governments to support targeted sanctions against Myanmar's oil and gas funds, the largest single source of income for the country's military leaders.

In a letter to Human Rights Watch released Thursday, the CEO of Total, Patrick Pouyanné, said the company was using all the tools at its disposal to stop funding the junta that took over Myanmar's government and its bank accounts in February 2021, including those that receive hundreds of millions of dollars each year from the Yadana gas field.

W140 Full Story
Toyota Production in Japan Hit by Parts Crunch from COVID-19

The shortage of parts caused by the coronavirus pandemic is further denting production at Toyota, Japan's top automaker.

Production at 11 plants in Japan will be halted Friday, Saturday and next Monday, Toyota Motor Corp. said.

W140 Full Story
Netflix Stock Plunges as Subscriber Growth Worries Deepen

Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader.

The Los Gatos, California, company added 8.3 million worldwide subscribers during the October-December period, about 200,000 fewer than management had forecast. Besides releasing its fourth-quarter results Thursday, Netflix also projected an increase of 2.5 million subscribers during the first three months of this year, well below analysts' expectations for a gain of 4 million, according to FactSet Research.

W140 Full Story