Business

Li Ka-Shing was knighted by the Queen Elizabeth II. Asia’s second-richest person, Hong Kong’s Li Ka-Shing, is retiring from leading his business empire. Mr Li, aged 89, whose wealth has been put at $35.3bn (£25.3bn) by Forbes,...

Under the new policy, the company will ban ads for unregulated or speculative financial products like binary options, cryptocurrency, and financial spread betting among others. Alphabet Inc’s Google said on Wednesday it will ban advertisements for...

Internet retailers and brick-and-mortar chains in Mexico are investing heavily in e-commerce as the sector gains in popularity, although it is still a small fraction of total retail sales. Amazon.com Inc launched its first-ever debit card...

Walmart said on Wednesday the service would be rolled out to more than 40 percent of U.S. households by the end of the year. Walmart Inc will expand its grocery home delivery services to more than...

Adidas said late on Tuesday it plans to buy back up to 3 billion euros ($3.7 billion) of its shares, or almost 9 percent of its share capital, by 2021 on top of a higher-than-expected 2017...

Unilever’s board will finalize on Wednesday a decision to close the Anglo-Dutch consumer giant’s London headquarters, Sky News reported, citing sources. A formal announcement is due on Thursday, the report said. Unilever was not immediately available...

The company said it has also withdrawn its slate of independent director nominees for Qualcomm’s annual shareholder meeting. Singapore-based Broadcom Ltd withdrew its $117 billion bid to acquire Qualcomm Inc on Wednesday, two days after U.S....

Taxes will need to rise by £40bn per year by the mid-2020s if the government wants to keep spending constant and balance its books, a think tank warns. The Institute for Fiscal Studies added that dismal...

The market for eco-conscious vehicles, including hybrids, plug-in hybrids, and electric vehicles, is growing every year thanks to the increase in environmental awareness in recent years. Panasonic Corporation has begun mass production of prismatic-type automotive lithium-ion...

 Volkswagen has selected partners to provide battery cells and related technology worth around 20 billion euros ($24.7 billion) for electric-vehicle (EV) projects in Europe and China, pushing ahead with a shift to zero-emission cars. Until its“dieselgate”...