Business
Latest stories
Indian farmers reject government offer, say will carry on marching to New Delhi

Indian farmers who have been protesting for a week to demand guaranteed crop prices have rejected a proposal from the government, and say they will continue their march to the capital New Delhi.

The protesting farmers began their march last week, but their efforts to reach the city have been blocked by authorities, who have barricaded highways into the capital with cement blocks, metal containers, barbed wire and iron spikes to barricade highways to the capital to avoid a repeat of the 2021 farmers' protests, during which they camped in the city's outskirts for over a year.

W140 Full Story
Dubai International Airport had 86.9 million passengers last year in a post-pandemic surge

The number of passengers flying through Dubai International Airport, the world's busiest for international travel, surged last year beyond its total for 2019 — just before the coronavirus pandemic grounded global aviation.

While still shy of its all-time high in 2018, the figures for 2023 showed just how far the airport, known as DXB, has bounced back from the pandemic. The number of passengers passing through its cavernous, air-conditioned terminals that are home to the long-haul carrier Emirates in Dubai, has served as a barometer for the aviation industry worldwide and the wider economic health of this city-state.

W140 Full Story
Czech farmers take tractors to Prague in protest over EU agriculture policies

Hundreds of tractors blocked a lane in downtown Prague in a farmers protest Monday over European Union agriculture policies and what they said were unfair practices.

Major organizations representing Czech farmers didn't participate and distanced themselves from the rally after it turned out some organizers were behind recent pro-Russian demonstrations.

W140 Full Story
US rivalry with China expands to biotech

U.S. lawmakers are raising alarms about what they see as America's failure to compete with China in biotechnology, warning of the risks to U.S. national security and commercial interests. But as the two countries' rivalry expands into the biotech industry, some say that shutting out Chinese companies would only hurt the U.S.

Biotechnology promises to revolutionize everyday life, with scientists and researchers using it to make rapid advances in medical treatment, genetic engineering in agriculture and novel biomaterials. Because of its potential, it has caught the attention of both the Chinese and U.S. governments.

W140 Full Story
Former Bank of China chairman indicted for bribery in nation's long-running anticorruption drive

The former chairman of the Bank of China has been indicted on bribery charges, prosecutors said Monday, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping's yearslong anticorruption drive.

Liu Liange is accused of taking advantage of his positions at the Bank of China and previously as president of the Export-Import Bank of China, the Supreme People's Procuratorate said in a statement posted on social media.

W140 Full Story
Qatar energy minister urges Gaza ceasefire to end Red Sea insecurity

Qatar's Energy Minister Saad al-Kaabi on Monday called for a ceasefire in Gaza to end insecurity in the Red Sea which has disrupted hydrocarbon deliveries in the vital shipping route.

The minister, who is also the chief executive of state-owned hydrocarbon giant QatarEnergy, said the "root of the problem" in the Red Sea, where Iran-backed Houthi rebels have targeted commercial vessels, "is the Israeli invasion of Gaza."

W140 Full Story
Beirut judge charges Nissan employees for 'stealing' Ghosn documents

A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut home and office of the company's former boss Carlos Ghosn, a judicial source said Saturday.

A lawyer for the company told AFP the legal action was "unlawful" and that the company would seek to have the charges thrown out.

W140 Full Story
Most Americans feel they pay too much in taxes, AP-NORC poll finds

A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research.

Two-thirds of U.S. taxpayers say they spend "too much" on federal income taxes, as tax season begins. About 7 in 10 say the same about local property taxes, while roughly 6 in 10 feel that way about state sales tax. Generally speaking, Republicans are more likely than Democrats to view taxes as unfair, to say they are paying too much in taxes, and to see taxes as a poor value.

W140 Full Story
Indian farmers strike to demand guaranteed crop prices

Farmers blocked highways and held demonstrations in many rural areas in northern India on Friday to protest over a range of grievances that have also led tens of thousands to march toward the capital in tractors and wagons.

Farmers in the northern states of Haryana and Punjab held sit-ins near toll plazas on major highways in the strike, supported by some trade unions. Authorities advised commuters to plan routes carefully to avoid blocked roads.

W140 Full Story
Algeria's black market for foreign currency underlines its economic woes

In a square near the center of Algiers, currency traders carry wads of euros, pounds and dollars, hoping to exchange them to those worried about the plummeting value of the Algerian dinar.

This black market for foreign currencies is among the signs of the economic woes plaguing Algeria. The state, reluctant to allow the exchange rate to adjust fully, has proven incapable of limiting demand among the population as confidence in the dinar remains low.

W140 Full Story