December2016

News Hour: China’s cash-strapped LeEco said it is in talks to secure 10 billion yuan ($1.4 billion) from an unidentified strategic investor, but the announcement was seen as insufficient to dispel concern over the high-tech conglomerate’s...

News Hour: Amazon.com Inc has filed for a patent to use airships to store products and serve as a base for delivery-drones. The patent application was filed two years ago but was spotted only on Wednesday by...

News Hour: A deadline for Indians to deposit invalid rupee notes at banks closes on Friday as attention turns towards the potential political ramifications of Prime Minister Narendra Modi’s bold currency shakeup. Restrictions on the amount...

News Hour: U.S. President-elect Donald Trump on Wednesday said telecommunications group Sprint Corp and a U.S. satellite company OneWeb will bring 8,000 jobs to the United States, and the companies said the positions were part of...

News Hour: Faced with the prospect of a multi-billion-dollar writedown that could wipe out its shareholders’ equity, Japan’s Toshiba is running out of fixes: it is burning cash, cannot issue shares and has few easy assets...

News Hour: Britain’s Prime Minister Theresa May is acting like Tudor King Henry VIII in refusing to commit to giving parliament a vote on the deal to leave the European Union, opposition Labour leader Jeremy Corbyn...

News Hour: Bank lending to euro zone companies grew at the fastest pace since the tail end of the global financial crisis last month as the European Central Bank (ECB) tries to stimulate the economy after...

News Hour: The European Central Bank should have explained more clearly why it nearly doubled its estimated capital shortfall for the ailing Monte dei Paschi di Siena bank, which is being bailed out by the state,...

News Hour: George Michael’s partner has spoken of his sadness at discovering the 53-year-old musician, a multi-million selling idol of 1980s and 1990s pop, dead at his Oxfordshire home on Christmas morning. British police said the...

News Hour: The United Nations World Food Programme (WFP) has welcomed a contribution of US$7.1 million from Denmark to provide emergency food assistance for thousands of Iraqi families affected by the continuing crisis in Mosul. This...