Business

The man who tried to unite India's fragmented economy has died

The man who implemented India's biggest economic reforms of the 21st century has died.Arun Jaitley, who served as India's finance minister for the last five years, passed away on Saturday in New Delhi. He was 66.Jaitley took charge as India's…

Google wants to squash political debates among its employees

Google is urging its employees to cut back on political debates at work.The company published updated community guidelines for its employees this week, informing staffers that "disrupting the workday to have a raging debate over politics or the latest news…

What China's new tariffs mean for you

It's hard to keep up with the tit-for-tat trade war between the United States and China.While trade negotiations are ongoing, Chinese President Xi Jinping and President Donald Trump have been imposing waves of new tariffs for more than a year…

Koch Industries is the most important company you may not know

Koch Industries is unlike any other company.There is no other business so closely held by one family that is also so big and so diversified.David Koch, 79, who died Friday, and his brother Charles, 83, have owned the company since…

Cathay Pacific's crisis just got even uglier

Hong Kong's top airline can't escape the city's political crisis.The Hong Kong Confederation of Trade Unions, a major local labor organization, called on Cathay Pacific on Friday to "respect the freedom of speech of employees." The remarks followed the firing…

China retaliates with tariffs on $75 billion of US goods

The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods.China will place tariffs of 5% or 10% on US imports starting on September…

Dow futures slide as trade fears overshadow Federal Reserve moves

Dow and broader stock futures dropped early Friday following reports that China is planning to retaliate with a new round of import tariffs on US goods.The trade news was overshadowing the annual Federal Reserve symposium in Jackson Hole, at which…

Hasbro scoops up Peppa Pig owner for $4 billion

Hasbro is buying the company that owns popular children's cartoon Peppa Pig, expanding its push into entertainment with a bet on preschoolers.The US toymaker said Thursday that it has agreed to buy eOne for $4 billion. The entertainment company, which…

Asian markets edge higher before Powell's speech; yuan tumbles further

Asian markets mostly moved cautiously higher Friday as investors awaited Federal Reserve Chairman Jerome Powell's speech for clues on whether the US central bank will cut interest rates in the future.Hong Kong's Hang Seng Index advanced 0.6%, while China's Shanghai…

YouTube shuts down 210 channels posting about Hong Kong

Google announced Thursday that it had disabled 210 YouTube channels that were uploading videos "in a coordinated manner" about the ongoing protests in Hong Kong.The announcement came three days after Twitter and Facebook announced they had shut down a network…

DoorDash details new tipping policy after backlash

DoorDash is finally detailing changes to its controversial tipping policy, one month after the company's CEO promised an update in response to a widespread backlash.Since 2017, DoorDash has at times taken a customer's tip and put it toward covering the…

Jerome Powell faces his biggest test yet in high-profile speech

Federal Reserve Chairman Jerome Powell will face his most serious test in the job yet when he speaks Friday at the annual economic powwow in Jackson Hole, Wyoming. He is facing tremendous political pressure from President Donald Trump, and expectations…

HP CEO steps down over 'family health matter'

HP CEO and president Dion Weisler is stepping down due to a "family health matter," the company announced on Thursday.In its third quarter earnings report, HP said Weisler -- who has served as company CEO since 2015 -- will be…

Google ditches dessert names for Android 10

Google may be doing away with its dessert naming scheme after a long, delicious run.The company announced on Thursday the next version of its mobile operating system will be called Android 10. It's currently in public beta and expected to…