Global and China News

Starbucks' Schultz to step down as CEO

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - Starbucks Chairman Howard Schultz is stepping down as CEO of the coffee chain he joined more than 30 years ago and transformed into a global brand.

China market embraces Christmas

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - A woman and a child pose for a souvenir photo near a Christmas lights decoration on display outside an office building in Beijing, Thursday, Dec. 1. Although Christmas is not traditionally celebrated in China, a growing number of businesses are trying to whirl up some holiday spirit — and shopping.

What to expect from mobile shopping

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - Shoppers buying on their phones this holiday season will see new ways stores are making it easier and faster as they try to lock in sales before people swipe to the next site.

Stocks slide as political concerns weigh heavy

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - World stocks fell Friday in nervy trade before Italy's crunch referendum and Austria's elections, amid fears that both could send shockwaves reverberating across markets.

Airbnb to limit private rentals in London

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - Airbnb will start enforcing limits to private home rentals in two popular European cities on the home-sharing platform, London and Amsterdam, the company said Thursday.

No such place

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - This photo taken in Portland, Oregon, Thursday, Dec. 1 shows a coffee travel mug that Seattle-based coffee chain Starbucks has introduced bearing sketches of notable Oregon landmarks, including Crater Lake National Park, food carts in Portland and Ashland's Shakespeare Festival.

Denmark charges Dutch company behind Uber

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - Danish prosecutors have charged the Dutch company behind the ride-sharing service Uber with "helping to commit illegalities" after an appeals court last month upheld a conviction against a driver for violating Denmark's taxi laws.

Princess Cruise gets record fine for dumping oil

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - Princess Cruise Lines will pay a US$40 million penalty after pleading guilty to seven federal charges in an illegal ocean pollution case that involved one ship's use of a so-called magic pipe to divert oily waste into the waters, authorities said Thursday.

India scraps old notes at the gas pump

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - India said old notes would no longer be accepted at gas stations after Friday, fueling anger over the scrapping of high denomination bills that has caused an unprecedented cash crunch.

Toyota to revamp top-seller amid SUV boom

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - Toyota plans to reveal a new version of America's top-selling sedan next month at a time when U.S. buyers are moving away from cars toward SUVs and trucks.

Singapore fines two British banks for 1MDB-linked lapses

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - Singapore's financial regulator said Friday it has fined two British banks and barred a former Goldman Sachs banker in a widening crackdown on money laundering linked to Malaysian state fund 1MDB.

Trump's proposed imports tariffs could prove costly for Americans

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - American consumers and businesses would pay — literally — if President-elect Donald Trump followed through on his campaign pledge to slap big taxes on imports from China and Mexico.

Buffett's firm facing pressure to sell fossil fuel stocks

(Sat, 3 Dec 2016 00:00:00 +0800)

(ChinaPost.com.tw) - A group of environmentalists is proposing that Warren Buffett's company sell off its investments in Phillips 66 and other companies tied to fossil fuels over 12 years.