Business and Economy

Business and Economy Latest News

First strike in six decades closes famous Japan department store
First strike in six decades closes famous Japan department store
by  AFP

The shutters were down on one of Japan's best-known department stores on Thursday in the sector's first strike for six decades, sparked by fears that its mooted new US owner will slash jobs. But unions, fearing job cuts, called a one-day stoppage for Thursday -- the first by Japanese department store workers since 1962.

Chinese developer Country Garden faces crunch vote on debt repayment
Chinese developer Country Garden faces crunch vote on debt repayment
by  AFP

China's biggest developer Country Garden on Thursday faces a crunch vote on extending debt repayment terms that could determine whether it defaults, plunging the country's property market deeper into turmoil. Bondholders are due to conclude a crunch vote Thursday on whether to extend repayment on a key note worth $535 million.

Energy

Money

Industry

Technology

Economy