Marissa Mayer is finally set to get a cash infusion from Yahoo! Inc.’s nine-year investment in Alibaba Group Holding Ltd. — along with the pressure of putting the money to work. Yahoo is selling 208 million shares, or about 40 percent of its Alibaba stake, in the Chinese Internet company’s upcoming initial public offering, and […]

The Group of Seven nations agreed to find new sources of energy and expand their natural gas infrastructure to prevent Russia from using its oil and gas reserves as a “political weapon,” German Economy and Energy Minister Sigmar Gabriel said. The world’s leading economies will also increase their efforts to save energy and to use […]

The European Union forecast that Spain will post its fastest economic growth in eight years in 2015 as Prime Minister Mariano Rajoy allows his budget shortfall to rise in the run up to a general election. Spanish gross domestic product will grow 2.1 percent next year and the budget deficit will widen to 6.1 percent of GDP unless Rajoy changes his current policy […]

U.S. stocks rose, with benchmark indexes trading near all-time highs, after data showing payrolls rose in April by the most in two years boosted confidence in the strength of the world’s largest economy. Agnico Eagle Mines Ltd. jumped 5.9 percent after reporting a record quarterly gold production. QLogic Corp., the supplier of chips and switches […]

Ukraine crisis: IMF approves $17B US bailout amid risks The International Monetary Fund (IMF) has approved a $17.1bn (£10.1bn) bailout for Ukraine to help the country’s beleaguered economy. The loan comes amid heightened military and political tension between Ukraine and neighbouring Russia. The loan is dependent on strict economic reforms, including raising taxes and energy […]

China is set to overtake U.S. as biggest economy using PPP measure. However, the Chinese government has taken unusual step of denying it is world’s No. 1 trader The Chinese leadership has rejected the status of the planet’s biggest trader, despite surpassing America in total imports and exports by a margin of US$44 billion. Beijing […]

Apple Upgrade Tracks Customers… Even When Marketing Apps Are Off The people who design marketing apps are celebrating a change in the way works on iPhones. That’s the Bluetooth-based system that lets a store track a customer’s movements, and capitalize on them. For instance, if iBeacon detects you lingering in the shoe department, it might […]