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Saudi crown prince’s carefully managed rise hides dark side
DUBAI, United Arab Emirates — In a kingdom once ruled by an ever-aging rotation of elderly monarchs, Saudi Crown Prince Mohammed bin Salman stands out as the youthful face of a youthful nation. But...
View ArticleTesla secures land in Shanghai for first factory outside US
BEIJING — Electric auto brand Tesla Inc. said it signed an agreement Wednesday to secure land in Shanghai for its first factory outside the United States, pushing ahead with development despite...
View ArticleTrump starts leaving postal union in latest anti-China move
WASHINGTON — President Donald Trump is preparing to pull the United States out of an international postal treaty that allows China to ship packages to America at discounted rates. The move would...
View ArticleEven tech execs fret about their kids’ smartphone addictions
SAN FRANCISCO — Like a lot of parents, Mike Herrick occasionally sees his 13-year-old daughter getting lost in her smartphone and wonders: Is technology messing with children’s brains, even as it...
View ArticleJudge upholds Monsanto verdict, cuts award to $78 million
SAN FRANCISCO — A Northern California judge on Monday upheld a jury’s verdict that found Monsanto’s weed killer caused a groundskeeper’s cancer, but she slashed the amount of money to be paid from $289...
View ArticleEsport betting platform gets license for video game gambling
Video gamers in the United States and elsewhere will soon be able to bet on themselves. The live-betting esports platform Unikrn had its wagering license approved by the Isle of Man on Tuesday,...
View ArticleUS new-home sales slump for 4th straight month
WASHINGTON — Sales of new U.S. homes plunged 5.5 per cent in September, the fourth straight monthly drop as the housing market cools with mortgage rates rising. The Commerce Department said Wednesday...
View ArticleGoogle corporate parent’s third quarter disappoints jittery investors
MOUNTAIN VIEW, Calif. — Google’s corporate parent boosted its earnings by 37 per cent during the third quarter, but it still wasn’t enough to reassure investors worried about tougher regulations that...
View ArticleUS consumer spending up inflation-adjusted 0.3 per cent
WASHINGTON — U.S. consumer spending rose in September by a solid, inflation-adjusted 0.3 per cent, led by increased spending on health care services and motor vehicles. The Commerce Department also...
View ArticleCan a holographic screen help a new phone break out?
NEW YORK — Most leading phones offer the same basics: Big screens, decent battery life and good cameras. So when a newcomer brings something innovative to the party, why is it difficult to break...
View ArticleHarley-Davidson to recall nearly 178K bikes to fix clutches
DETROIT — Harley-Davidson is recalling nearly 178,000 motorcycles in the U.S. because they can get stuck in gear due to a clutch problem. Documents posted Tuesday by the National Highway Traffic Safety...
View ArticleGM offers buyouts to 18,000 staff in North America, about third of salaried...
DETROIT — General Motors will attempt to cut costs by offering buyouts to about 18,000 white-collar workers in North America. The company made the offer Wednesday to salaried workers with 12 or more...
View ArticleL.L. Bean expands presence in Canada to help boost flat sales
FREEPORT, Maine — U.S. retailer L.L. Bean is looking to sell more parkas, sweaters, flannel and mittens in Canada as part of its strategy for a return to sales growth. The 106-year-old retailer’s...
View ArticleStarbucks fourth-quarter profit, revenue beat estimates
SEATTLE — Starbucks Corp. on Thursday reported fiscal fourth-quarter net income of US$755.8 million. The Seattle-based company said it had profit of US56 cents per share. Earnings, adjusted for...
View ArticleIran officials mock, warn US over renewed sanctions
TEHRAN, Iran — The “largest-ever” U.S. sanctions list targeting Iran drew mockery from Iranian officials on Tuesday for including mothballed Boeing 747s, a bank that closed years earlier and a sunken...
View ArticleBoeing jet crashed in Indonesia after key sensor replaced
JAKARTA, Indonesia — A crucial sensor that is the subject of a Boeing Co. safety bulletin was replaced on a Lion Air jet the day before it plunged into the Java Sea and possibly worsened other problems...
View ArticleU.S. judge blocks $10B Keystone XL pipeline construction to allow further...
GREAT FALLS, Mont. — TransCanada’s $10-billion Keystone XL pipeline project has suffered another setback after a U.S. federal judge blocked its construction to allow more time to study the potential...
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Brexit draft deal struck after Irish roadblock cleared
LONDON — Negotiators from Britain and the European Union have struck a proposed divorce deal that will be presented to politicians on both sides for approval, officials in London and Brussels said...
View ArticleAmazon expected to announce today HQ2 to be split between New York, Virginia
RICHMOND, Va. — Amazon will split its second headquarters between Long Island City in New York and Crystal City in northern Virginia, according to a person familiar with the plans. The online retailer...
View ArticleWorld economy has ‘passed its peak’ and faces growing risks, OECD warns
PARIS — A global economic watchdog says world growth has passed its peak and faces growing risks, including from trade disputes and higher interest rates. The Organization for Economic Co-operation and...
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