China Mobile reports 2008 net profit up 30 percent

China Mobile, the world's largest mobile phone network operator, said Thursday its profits jumped by 30 percent last year, but warned China's telecoms market faced a tough 2009.

Hitachi to replace president, split off businesses

Japanese hi-tech giant Hitachi Ltd. said Monday that it was replacing its president and splitting off its automotive systems and consumer electronics operations as it braces for a massive loss.

Australia scraps billion-dollar satellite program

Australia on Friday said it was axing a billion-dollar plan to develop a series of space satellites, as it tries to cut costs amid an economic slowdown and cost-of-living crisis.

How the pandemic is harming the oil and gas industry

In August, Exxon Mobil, once the largest publicly traded company in the world, was dropped from the Dow Jones industrial average after 92 years. Exxon's removal is emblematic of the changing profiles of energy companies. ...

EasyJet losses deepen in first half

British low-cost airline EasyJet said Friday that first-half net losses more than quadrupled due to "tough" market conditions and high fuel costs.

Latin America's economic prospects dim into 2016

Trade and financial shocks in the form of collapsing commodity prices and reduced availability of external financing have worsened Latin America's economic prospects in the past year, according to an issue brief from Rice ...

India's Infosys shares up after new chief named

Shares in Indian outsourcing giant Infosys climbed nearly four percent on Thursday after the company announced a new chief executive who will take over in August.

SAP profit up 10 percent in second quarter

(AP)—Business software maker SAP AG said net profit grew 10 percent in the second quarter to 724 million euros ($948 million) despite the economic slowdown in Asia.

New EU climate policy unlikely before 2015: Poland

The European Union is unlikely to hammer out its new policy on global warming ahead of a global climate deal that could be clinched in 2015, Poland's environment minister said Wednesday.

EU says emissions down, but pollution scheme falters

EU greenhouse gas emissions, blamed for global warming, dropped slightly last year but the much-vaunted system for cutting such pollution ran into even more trouble, the European Commission said on Thursday.

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