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Tuesday, February 28, 2017, 1:50 a.m.

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VW case leaves EU official 'desperate'

posted: 02/27/2017 1:54 a.m. Discuss

The European Union's consumer affairs chief said Volkswagen's failure to compensate EU-based customers hit by the diesel cheating scandal has made her feel "desperate."

French hopeful calls for euro exit

posted: 02/23/2017 2:08 a.m. Discuss

If Marine Le Pen has her way, the French will soon pay for their baguettes with francs, not euros.

Pension snags GM effort to exit Europe

posted: 02/23/2017 2:06 a.m. Discuss

As General Motors Co. tries to hammer out a deal to sell its long-struggling Europe business to Peugeot owner PSA Group, one multibillion-dollar issue looms large: how the companies will manage an underfunded pension plan for retirees.

World trade agreement takes effect

posted: 02/23/2017 2:03 a.m. Discuss

The first multilateral trade agreement reached under the World Trade Organization since the body was created more than 20 years ago has taken force, aiming to streamline cross-border trade to the benefit of the developing world in particular.

Business news in brief

updated: 02/23/2017 2:01 a.m. Discuss

Pesticide collection set for 10 counties

Harvests hit by bad weather, bugs, olive oil prices to go up

posted: 02/22/2017 2:08 a.m. Discuss

From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices set to jump by as much as 20 percent.

For futuristic Dubai, rider-carrying drone its next logical step

posted: 02/20/2017 1:57 a.m. Discuss

DUBAI, United Arab Emirates -- Dubai hopes to have a passenger-carrying drone regularly buzzing through the skyline of the futuristic city-state in July.

Japan's Aeon gains in credit, plunges in retail in Malaysia

posted: 02/19/2017 1:51 a.m. Discuss

For Japan's Aeon Co., giving individuals loans to buy cars and motorcycles has been a much better business in Malaysia than selling goods in its supermarkets.

China said to be eyeing resuming coal output restrictions

posted: 02/19/2017 1:51 a.m. Discuss

China, the world's biggest producer and consumer of coal, is considering reinstating output restrictions to avoid the return of a glut after easing limits during winter. Shares in the country's coal mines jumped along with futures prices.

Army worms assaulting corn crops in South Africa

posted: 02/19/2017 1:50 a.m. Discuss

Southern Africa has been struck by a pestilence so severe farmers have invoked plagues of biblical proportions.

Samsung heir arrest in corruption case approved, says court

posted: 02/18/2017 2:22 a.m. Discuss

SEOUL, South Korea -- A South Korean court Friday approved the arrest of a billionaire heir to Samsung on bribery and other charges in connection with a corruption scandal.

Samsung family succession hits snag with chief's arrest

posted: 02/17/2017 11:38 a.m. Discuss

SEOUL, South Korea — South Korea was taken by surprise Friday with the arrest of the scion of the country's richest family and de-facto leader at Samsung over his alleged involvement in a massive corruption scandal that engulfed the president and riveted the nation.

Business news in brief

posted: 02/16/2017 2:14 a.m. Discuss

Harps launches healthful-foods push

Watery crop dilutes Brazil orange juice

posted: 02/15/2017 2:01 a.m. Discuss

Brazil, the world's largest orange-juice exporter, is producing oranges with excessive levels of water for a second season and there's no end to the problem in sight.

Business news in brief

posted: 02/15/2017 1:59 a.m. Discuss

LR's Zips adds 5 Tennessee carwashes

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