World-Business
Court orders Japan company to pay 4 Koreans for forced labor
South Korea, Oct 30 (AP/UNB) — In a potentially far-reaching decision, South Korea's Supreme Court has ruled that a Japanese steelmaker should compensate four South Koreans for forced labor during Japan's colonial rule of the Korean Peninsula before the end of World War II.
UK to start taxing big internet companies
London, Oct 30 (AP/UNB) — Britain's Treasury chief unveiled Monday a new tax on big internet companies' revenues, insisting it is time that the global tech giants with profitable business in the U.K. pay their fair share for public services.
Turkey's leader opens new Istanbul Airport as global hub
Istanbul, Oct 30 (AP/UNB) — Turkey's president inaugurated a gleaming new aviation hub in Istanbul on Monday, a megaproject that he has pushed to fulfill his dream of making Turkey a global player.
Mexico referendum cancels partly built $13 billion airport
Mexico City, Oct 30 (AP/UNB) — Mexico's president-elect said Monday he will respect the result of a referendum that rejected a partly built new airport for Mexico City, effectively ending the $13 billion project.
IBM set to acquire North Carolina-based Red Hat in $34B deal
Raleigh, Oct 29 (AP/UNB) — IBM announced Sunday it will acquire North Carolina-based open-source software company Red Hat in a $34 billion stock deal that the technology and consulting giant's chief executive says will advance the company to the next step in cloud computing.
NKorea eying Swiss, Singaporean-style success
Pyongyang, Oct 29 (AP/UNB) — North Korea is exploring a grand plan to become a regional transportation hub, inspired in part by the successes of Singapore and Switzerland, and would be open to joining world financial institutions such as the International Monetary Fund if current member states give up their "hostile" policies toward it, a senior government economist has told The Associated Press.
Japan, India leaders build ties amid trade, security worries
Tokyo, Oct 28 (AP/UNB)— The leaders of Japan and India are reaffirming their ties amid growing worries about trade and regional stability.
GM proposes nationwide zero-emissions vehicle sales mandate
Detroit, Oct 27 (AP/UNB) — General Motors says it will ask the federal government for one national gas mileage standard, including a requirement that a percentage of auto companies' sales be zero-emissions vehicles.
World Bank approves $425m to improve rural bridges in Bangladesh
Dhaka, Oct 26 (UNB) - The World Bank on Friday approved $425 million to improve road connections in Bangladesh through building, maintaining and improving rural bridges to benefit two-thirds of the country’s people.
Amazon posts another record profit, but revenue disappoints
New York, Oct 26 (AP/UNB) — Amazon reported another record quarterly profit Thursday, fueled by the growth of online shopping and its cloud-computing service.