Just a down payment for an industry facing radical overhaul are the 6,000 job cuts announced last week at Nordea Bank AB, according to Chief Executive Officer Casper von Koskull.   “If somebody says, where are we, or where are banks, 10 years from now, banks could easily have half what...

China has urged the U.S. to correct its “mistaken methods” in relation to the later imposing hefty anti-dumping duties ranging from 97 percent to 162 percent on Chinese aluminum foil, even as the second largest economy in the world has said that it was “strongly dissatisfied” with the U.S. over the...

Americans are paying ever higher prices to buy big, fuel-thirsty trucks like Ford Motor Co’s bestselling F-Series pickups as they are in love with them even though Wall Street may love the shares of Silicon Valley electric carmaker Tesla Inc.   As governments float proposals to ban internal...

Ending uncertainty over the fate of the failed airline's remaining assets, and by agreeing to buy part of Air Berlin's operations at Berlin Tegel airport, EasyJet has strengthened its position in Germany.   Making the announcement shortly after Air Berlin's final flight landed at Tegel,...

While not really giving up on alternative technologies, showcasing concepts ranging from compact sportscars to all-wheel-drive mini SUVs at this week’s Tokyo Motor show, Japanese automakers are finally embracing electric cars.   Japanese manufacturers are talking up all-battery electric...

Paris plans to introduce regulation to ensure an orderly rollout of new bicycle schemes and does not want Asian bike-sharing operators to burst into the city the way Airbnb and Uber did, ay media reports quoting top city officials. .   Chinese giants Ofo and Mobike, as well as Singapore...

An app which is one of Mexico’s most downloaded apps, is an early warning start-up called SkyAlert has doubled its users to 5.8 million since two massive earthquakes hit the country in September, claiming more than 460 lives.   The co-founder and director Alvaro Velasco of the app SkyAlert...

China’s third-quarter growth data met market expectations as the country reported the data on Thursday.   On a day after Chinese President Xi Jinping made big promises for the country's economic future during a pivotal leadership meeting, the country's National Bureau of Statistics...

Decrying the power that companies such as Facebook Inc had amassed and call for a redistribution of wealth, two of the technology industry’s top startup investors took to the stage at a conference on Wednesday.   Widespread discontent over income inequality had put wealthy technology...

As alternative energy fuels continue to attract more and more investors and technologies for such energy develops and becomes cheaper, it is expected that oil prices will crash to just $10 per barrel over the next six to eight year, according to the belief of Chris Watling, the chief executive of...

If one has some bitcoins in the digital wallet and desires to go to paradise – the digital coins can be easily used to buy a second passport.   In order to apply for so-called investment citizenship, outsiders will be allowed to use the volatile cryptocurrency at Vanuatu, a South...