Business

The $44 billion palm oil industry, under pressure in Europe after authorities listed the edible oil as a cancer risk, has found a vocal ally in the food sector: the …

REUTERS photo U.S. fast-food giant McDonald’s will sell a controlling stake in its China and Hong Kong business for up to $2.08 billion to a consortium including state-owned Citic and …

REUTERS photo Airbus said on Jan. 8 Iran’s state airline IranAir had accepted its first new jet, marking a key step in opening up trade under a nuclear sanctions deal …

AFP photo Northwest China’s Xinjiang Uighur autonomous region will run more westbound trains on China-Europe routes in 2017 to boost exports, Xinhua reported on Jan. 6. This has been the …

AP photo U.S. President-elect Donald Trump targeted Toyota Motor Corp on Jan. 5, threatening to impose a hefty fee on the world’s largest automaker if it builds its Corolla cars …

AP photo Two firms signed a deal on Jan. 5 for the first commercial exports in half a century from Cuba to the United States, a new step in the …

State-run Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies, the company said on Tuesday. The contracts covering about 1.31 million barrels per …

Ford Motor Co said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory, after it had come under harsh …

Greece concluded on Thursday the lease of a 108.3-acre plot, Kassiopi, to NCH Capital for 23 million euros. NCH Capital, a New-York based investment fund, plans to spend about 100 …

AFP photo Dubai’s Emirates said on Dec. 29 it has reached an agreement with Rolls-Royce over a “technical issue” relating to the engines of Airbus’s A380 superjumbo, and confirmed receiving …