World Business

 

Exit the EU? We want back in, says this country

Britain's vote on June 23 whether to stay in or quit the EU has revived debate about the future of Greenland.

Alister Doyle 12:53 PM   Whilst Britain's Brexit campaign is gaining ground, there's one country where politicians and business leaders mull rejoining the European Union. It's a fishy situation.

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Brexit's five big risks for markets

Flagging risk. Analysts say there are several reasons for markets to quake before the threat of a 'Brexit'.

Mark Mulligan 12:52 PM   The market tumult over the growing risk that Britons will vote to leave the EU may seem irrational, or at least overdone. It's not.

US court upholds net neutrality laws

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David R. Baker 11:54 AM   In a move hailed by much of Silicon Valley, a US appeals court upheld federal "net neutrality" rules that prevent ISPs from slowing down service for some users.

IMF sounds China debt warning

Slower growth in China has broader regional implications.

Philip Wen 6:25 PM   Surging debt and a murky financial sector has the world's agency worried.

Global jitters rattle markets

The return of the jitters: Patchy global growth, Brexit and US interest rates are driving investors away from stocks.

Mark Mulligan   A fresh bout of global fear ahead of theĀ US Fed's latest rate decision is weighing heavily on markets.

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Weak construction blunts Chinese rally

Workers stand on bamboo scaffolding at a construction site in Chongqing, China.

Philip Wen   Fresh data shows Chinese investment growth is at a 16 year slow.

Trump's loose lips causing pain

Corporate America is getting an unwanted work-out during Donald Trump's bid for the Presidency

Nick Carey and Emily Stephenson   Crisis management gets a work out during Trump's presidential bid

'What are Americans thinking?'

Corporate America is getting an unwanted work-out during Donald Trump's bid for the Presidency

Stephanie Baker and Amanda Gordon   The one question being thrown at American executives around the world is: Can Donald Trump really become president?

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How to fend off Trump's Oreos attack

How to fend off Trump's Oreos attack?

Nick Carey and Emily Stephenson   As the US election campaign rages on, the wildcard candidate attacks companies from biscuits maker Mondelez to Ford, Apple and Amazon, calling for boycotts and sending down their shares. Their hands are tied.

The lunch that will set you back $4.7m

Diets: Paleo is unpopular with experts again.

Katherine Chiglinsky   Getting the undivided attention of the world's most legendary investor over a steak doesn't come cheap.

Tesla: Lost wheel was just the first surprise

A Tesla Model S. Tesla said any suggestion that it was trying to keep owners from reporting safety problems "is ...

Neal E. Boudette   Pete Cordaro was creeping down a dirt road in his 2013 Tesla Model S electric car, when he encountered a pothole and then heard a loud crack.

'They're all bad': VW not the only cheat

Studies show Volkswagen was hardly the only company to flout pollution limits.

Jack Ewing   A growing stack of government and private studies shows Volkswagen was hardly the only company to flout pollution limits.

Brexit: Europe stocks could tank

British Prime Minister David Cameron is under pressure as the campaign for Britain's exit from the EU is gaining ground.

Aleksandra Gjorgievska   European shares could lose about a quarter of their value in the immediate aftermath of a UK secession from the European Union, a study testing the effects of Brexit showed.

The top-rated CEO you haven't heard of

Current and former Bain employees gave CEO Bob Bechek an approval rating of 99 per cent.

Jena McGregor   His staff gave him an approval rating of 99 per cent, but this year's highest-rated CEO has a far lower profile than previous winners such as Mark Zuckerberg or Larry Page.

Ralph Lauren wants to be more like H&M;

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Kim Bhasin   Facing a sales slump, the nearly 50-year-old brand known for its polo shirts will focus on its bestsellers and try to learn from the fast-fashion retailer.

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Lobbyist jailed for extorting Redflex

John Raphael was hired by Redflex from 2005 to 2013 to seek and obtain lucrative red light contracts in the state's ...

A lobbyist has been sentenced to 15 months' federal prison in the US for extorting political campaign contributions from Australian red light camera company Redflex.

The tax havens costing Australia $6b a year

There are tricks available to multinational corporations to reduce their tax bills, Oxfam's report says.

Nassim Khadem   The world's poorest people, and women in particular, bear the brunt of global tax dodging, says Oxfam.

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Is the annual raise on the way out?

Touching sacred cows: Jeff Immelt, the chief executive of General Electric.

Jeff Green and Richard Clough   General Electric is the laboratory of corporate management. As the US manufacturing giant is rethinking a bedrock tradition of corporate life, C-suites around the world will be watching closely.

Lipstick advice from Warren Buffett

Here's what you to do tomorrow morning when you look in the mirror, according to Warren Buffett.

Jonathan Stempel   It's not just about satisfying your customers. Look in the mirror - and at Amazon boss Jeff Bezos, says the billionaire investor.

Ultra-rich will see fortunes soaring

By 2020, millionaires will control more than half of the world's wealth, BCG predicts.

Giles Broom   By 2020, millionaires will control more than half of the world's wealth as their fortunes grow faster than everyone else's, global report predicts.

Burberry CEO takes 75% pay cut

Burberry chief Christopher Bailey saw his pay packet dwindle as the luxury label struggled for growth.

Andrew Roberts   Burberry's embattled chief Christopher Bailey took a 75 per cent pay cut last year as the UK's largest luxury-goods maker struggled for growth.

Playboy mansion sells for more than $US100m

Hugh Hefner will continue to live in the Playboy Mansion.

Prashant Gopal   The Playboy Mansion is under contract for more than $100 million. The buyer: a 32-year-old son of a billionaire who already owns the property next door.

ALS defends quick rejection of takeover bid

ALS boss Greg Kilmister has dismissed a takeover offer from private equity.

Brian Robins   ALS has defended its brusque rejection of the $2.7 billion takeover offer received last week from private equity bidders.

Why not just give money to everyone?

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Eduardo Porter   Ditch wages, and pay every citizen a universal basic income: It's one of those idea that the longer you look at it, the less enthusiastic you become.

Starbucks teams with beer maker

Starbucks is ramping up its efforts to market products other than coffee.

Hadley Malcolm   Starbucks and beer maker Anheuser-Busch are teaming up to produce a bottled version of the coffee company's Teavana tea.

EU throws support behind Uber, Airbnb

The guidelines were welcomed by Airbnb, which called them "a valuable tool to ensure a clear, stable and consistent ...

EU throws weight behind the "sharing economy", saying governments should only ban services such as ride-hailing app Uber and Airbnb as a last resort.

Uber leads blessing of private unicorns

Uber boss Travis Kalanick balks at going public: "I'm going to make sure it happens as late as possible."

Adam Satariano   Once upon a time, startups aspired to high-profile sharemarket floats to cash in and expand. Uber has no need for such traditions.

Graeme Hart's car-parts business bankrupt

Self-made billionaire Graeme Hart likes to keep a low public profile.

Steven Church   New Zealand billionaire Graeme Hart's car-parts maker UCI International has filed for bankruptcy after losing business from three of its biggest customers.

Uber taps Saudi Arabia for cash

More than 300 Uber drivers have been fined since April 27.

Mike Isaac and Michael J. de la Merced   In its quest to build a global empire, Uber has turned to the Middle East for a $4.8 billion cash infusion.

Billionaire's fortune drops from $4.5b to zilch

Elizabeth Holmes, founder of blood test start-up Theranos, is now worth nothing, according to Forbes.

Patrick Hatch   Elizabeth Holmes, whose plan to revolutionise healthcare made her a darling of the start-up world and a billionaire at age 30, has a jaw-dropping new net worth: zilch.