China has surpassed Japan to become the world’s second largest economy, lagging only behind the United States, a Chinese government official said in remarks published on Friday.
Outgoing BP chief executive Tony Hayward is defending his leadership of the company in the aftermath of the oil rig explosion that killed 11 workers and led to the worst offshore spill in U.S. history.
Google users in China were temporary blocked from accessing the search engine, the company said Thursday, but the site was was once again working a few hours later.
Google users in China are once again being blocked from accessing the search engine, the company said Thursday.
The world’s largest toothpaste maker reported disappointing sales Thursday, and who’s to blame? None other than the country of Venezuela, the company said.
The dollar continued to slide this week, hovering near monthly lows versus major currencies as worries about an economic slowdown weighed on investors.
Toyota Motor Corp. said Thursday it was recalling more than 400,000 older-model vehicles sold in the United States, citing potential steering-related problems in both.
Applied Materials had to fly in 100 interviewers just to screen all the job applicants for its new Solar Technology Center in Xi’an, China, last year. The company wanted to fill 260 high-tech jobs. It got 26,000 resumes. A fraction of those applicants were invited to interview. The final selectees, board member Andy Karsner tells me, „were top-of-their-class, English-speaking engineers. They’re the best of the best.” Now some of the most advanced research in this high-value, fast-growing field is being done in China — instead of in the U.S. with American engineers. Why should we care? Because it’s graduation season, when we see how starkly the direction of the American educational system differs from the way that faster-growing economies are headed. Those Chinese solar researchers are the cream of an engineering crop that included an estimated 10,000 Ph.D. graduates last year. This spring the U.S. will graduate about 8,000 Ph.D. engineers, an estimated two-thirds of whom are not U.S. citizens. About 150,000 students who majored in engineering, computer science, information technology, and math will collect bachelor’s degrees. The Chinese government claims that in recent years the number in China has been well north of 500,000 and rising fast; even if overstated, as some believe, the real number is much larger than America’s, and the quality of those graduates is improving.
BP has pledged to learn from the oil spill in the Gulf of Mexico and to come away from the disaster with a renewed focus on safety.
Tony Hayward will step down as chief executive of BP, the company announced Tuesday, amid ongoing outrage over the oil spill in the Gulf of Mexico.
BP posted a massive quarterly loss of $17.2 billion Tuesday due to costs stemming from the Gulf of Mexico oil disaster.
The man who might inherit Tony Hawyard’s mess
BP is set to report its second-quarter financial results on Tuesday, and by anyone’s measure it’s been a bruising period for the company.
Investors are considering European stress test results, as stocks remain volatile, worries about a sluggish U.S. economic recovery persist and confidence in the euro zone and nations abroad increases.
Most of Europe’s biggest banks passed stress tests aimed at shoring up confidence in the region’s economy, officials said Friday.
In a bid to quell fears about the Continent’s finances, European officials started publishing the results of the bank stress tests on Friday.
European officials are issuing report cards following stress tests of 91 major banks.
Federal authorities in Detroit charged a Michigan couple Thursday with stealing information about hybrid vehicle technology from General Motors and attempting to put it to use for a Chinese car company.
Investors are dumping the dollar as worries about a sluggish U.S. economic recovery persist and confidence in the euro zone and nations abroad increases.
If you’re looking to get in on the China growth train, be prepared to stomach the near-term risk.
Will Greece be able to dig out of its debt crisis? Not even the oracle of Delphi knows for sure.
While Google struggles with the Chinese market, local search giant Baidu is soaring to new heights. Baidu said Wednesday that its earnings doubled in the most recent quarter as its sales hit a record high.
China’s great outward march of investing into the United States is turning into a mad dash. Chinese investments into the U.S. rose 360% in the first half of this year compared to last year, according to Chinese government figures released Tuesday.
Boeing secured an order for 30 of its 777 jets for $9.1 billion from Emirates Airlines, the companies announced Monday, as the commercial aircraft maker continues to bounce back from the recession.