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Canada working on WTO reform: sources

Canada is working on a project for reform of the World Trade Organization (WTO) and aims to organize international talks on the subject next month, Canadian sources said Friday as US pressure on the body mounts. President Donald Trump threatened late last month to pull his country out...

Amazon's Bezos unveils $2 bn philanthropic fund

Amazon founder Jeff Bezos announced he was launching a philanthropic fund with a $2 billion initial commitment to help homeless families and launch preschools in low-income communities. The world's richest individual made the announcement on Twitter a year after asking for ideas on how he...

Japan, Vietnam urge US to rejoin Pacific trade deal

Japan and Vietnam on Thursday urged the United States to rejoin a sprawling Pacific trade deal, almost two years after President Donald Trump's withdrawal dealt a major blow to what would have been the world's largest free trade pact. Trump pulled out of the Trans-Pacific Partnership (TPP)...

VW 'dieselgate' fraud: Timeline of a scandal

As Volkswagen faces the wrath of investors in the first mass "dieselgate" lawsuit on its home turf, here's a look at how the emissions cheating was uncovered and the fallout for the auto giant: - 2014 - US researchers at the University of West Virginia discover that certain VW...

Saudi stocks dip on emerging market concerns

Share prices on the Saudi stock exchange dived on Wednesday after a panic selloff on concerns a downturn in emerging markets could hit the oil-rich Gulf kingdom. The Tadawul All-Shares Index (TASI) dipped 3.1 percent to a five-month low of 7,719.10 points, partly recovering early losses...

Aramco letdown causes Saudi equity sell-off

The Arab world’s biggest bourse is losing its appeal to foreigners just two months after it won inclusion in MSCI Inc.’s emerging-market index. That’s because the initial euphoria surrounding Crown Prince Mohammad bin Salman’s efforts to overhaul the nation’s economy has given way to skepticism...