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British Engine Maker Rolls-Royce Cutting 4,600 Jobs

Rolls-Royce, the British maker of plane engines, said Thursday that it plans to cut 4,600 mainly British jobs by 2020, adding to thousands of...
Business

Indian-American Dhivya Suryadevara, Named GMs Financial Head

General Motors Co said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as Chief Financial...
Business

UK inflation unexpectedly holds at one-year low despite oil price rise

British consumer price inflation unexpectedly held at a one-year low last month, though rising oil prices suggest an increase could be on its way,...
Business

Asia traders cautious after G-7 debacle, eyes on Trump-Kim summit

Asian markets fluctuated on Monday (June 11) after the Group of Seven meeting ended with deep divisions between the US and its allies, while...
Business

GST refund to foreign tourists at airports on the cards

Foreign tourists may soon get to claim Goods and Services Tax (GST) refunds at airports at the time of exit as the revenue department...
Business

Google will not develop AI for use in weapons: Google CEO Pichai

Google would not be developing artificial intelligence for use in weapons, its CEO Sundar Pichai has said, after facing a backlash over the technology...
Business

World on brink of trade war as US slaps steel, aluminium tariffs on allies

The world’s largest economies stood on the brink of all-out trade war as the EU, Canada and Mexico drew up retaliatory measures to Washington’s...
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