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Donuts in flight in first U.S.-approved drone delivery

WASHINGTON (AFP) - With a chicken sandwich, hot coffee and donuts, aviation history was made Friday. These were among the items in the first drone delivery on U.S. soil approved by aviation officials, made by convenience retailer 7-Eleven and the drone startup Flirtey. The delivery took ...

Updated : 2016.07.23 09:06

China's Wanda to sell contentious Madrid landmark: source

MADRID -- China's property and entertainment giant Wanda has agreed to sell a historic Madrid skyscraper, a source close to negotiations said Wednesday, after feuding with city authorities over plans to renovate the landmark.Wanda acquired the 25-story Edificio Espana, completed in the 195...

Updated : 2016.07.20 21:39

Deutsche Boerse may lower LSE tender threshold

Deutsche Boerse said it may reduce the threshold for shareholder approval of its London Stock Exchange Group’s acquisition to accommodate index funds.A decision will be reached Monday after parties i...

Updated : 2016.07.11 10:35

Musk hints at top secret Tesla masterplan

Tesla Motors CEO Elon Musk on Sunday tweeted his intention to soon publish part two of his “top secret Tesla masterplan” following an embattled several weeks for the Silicon Valley heavyweight.The t...

Updated : 2016.07.11 10:26

Osborne visits U.S. to urge investors to ‘stick with’ Britain

Chancellor of the Exchequer George Osborne heads to Wall Street aiming to shore up investor confidence in the U.K.’s economy and financial markets roiled by the vote to quit the European Union.Leavin...

Updated : 2016.07.11 10:23

Yen rises to top this week on haven demand as U.S. payrolls loom

Brexit fallout has given investors plenty of reasons to flock to the yen, making it the best-performing major currency this week. Friday could bring another, as markets brace for a closely watched U.S. jobs report.The yen has climbed 1.9 percent against the dollar since July 1 as an invest...

Updated : 2016.07.08 21:42

S&P cuts EU rating as warnings grow on Brexit’s impact

Ratings agency Standard and Poor‘s cut the credit rating for the European Union by one notch on Thursday saying that the bloc had grown more uncertain after Brexit.“After the decision by the U.K. el...

Updated : 2016.07.01 20:46

U.S.-Korea FTA effective in increasing American exports: U.S. report

The free trade agreement between the United States and South Korea resulted in an increase of $4.8 billion-$5.3 billion in total American exports, the second-largest among a total of 13 free trade deals the U.S. has concluded, the U.S. trade agency said in a report Wednesday.The Internatio...

Updated : 2016.06.30 09:47

[Newsmaker] Anti-EU figurehead Farage vindicated by Brexit vote

Nigel Farage has devoted his career to campaigning to leave the European Union, a once-impossible seeming goal he has now achieved following a referendum campaign peppered with his signature controver...

Updated : 2016.06.26 19:52

EU calls for UK’s early exit

The European Union wants a quickie divorce, but Britain wants time to think things over.  Senior EU politicians demanded Saturday that the U.K. quickly cut its ties with the 28-nation bloc _ a proces...

Updated : 2016.06.26 18:58

Brexit divorce 'not amicable' but must be quick: Juncker

European Commission chief Jean-Claude Juncker said Britain's planned departure from the European Union was "not an amicable divorce" but called for it to be quick."I do not understand why the British government needs until October to  decide whether to send the divorce letter to Brussels,...

Updated : 2016.06.25 17:04

China-backed AIIB approves first 4 loans worth $509 million

The China-backed Asian Infrastructure Investment Bank (AIIB) has approved its first four loans worth US$509 million as the bank holds its first annual meeting. Three of the four loans were co-financed with other multilateral lenders such as the Asian Development Bank and the World Bank. Th...

Updated : 2016.06.25 15:38

SoftBank's founder reverses retirement plans, says heir apparent 'victim'

TOKYO (AFP) -- The boss of SoftBank Group on Wednesday admitted his desire to hang on to power a little longer had pushed away the former Google executive seen as his heir apparent.Masayoshi Son told an annual shareholders meeting he had changed his mind about the timeline for stepping dow...

Updated : 2016.06.22 22:16

Fed keeps interest rate steady as Brexit vote looms 

WASHINGTON (AFP) -- The Federal Reserve held its key interest rate unchanged Wednesday, in part due to concerns about the disruption Britain‘s looming “Brexit” vote could have on global markets.While voicing confidence in continued U.S. economic growth, Fed Chair Janet Yellen said the J...

Updated : 2016.06.16 14:39

Alibaba sees growth rising to 48 percent in first forecast

Alibaba Group Holding Ltd. said that revenue growth will accelerate this fiscal year as China’s largest e-commerce company provided its first financial forecast since going public in 2014.The company predicts sales will rise at least 48 percent in the year ending March 2017 as it pushes i...

Updated : 2016.06.14 21:22