Global software giant Microsoft announced Thursday that it will eliminate up to 18,000 jobs over the next year in an effort to simplify the organization and integrate the recently-acquired mobile phone business of former Finnish handset maker Nokia.
German steel industry is picking up in 2015, the Rhine-Westphalia Institute of Economic Research (RWI) in Essen said on Thursday.
U.S. homebuilders broke ground on fewer houses in June and applications for building permits also fell compared with the prior month, U.S. Department of Commerce reported on Thursday.
China’s State Nuclear Power Technology Corp. (SNPTC) is seeking a merger with China Power Investment Corp. (CPIC), an SNPTC spokesman said Thursday.
The Republic of Korea is the most important non-European investor in Slovakia, said Slovak Foreign and European Affairs Minister Miroslav Lajcak after meeting the head of South Korean diplomacy Yun Byung-se in Bratislava on Thursday.
Japan’s households loan demand in the second quarter of 2014 plunged at the fastest pace on record, which could be ascribed to the sales tax hike since April, local media reported Thursday.
The Bank will mobilize resources for infrastructure investment and sustainable development projects including transformational infrastructure projects that allow the region to take forward its regional integration agenda a.
Morgan Stanley Thursday reported better-than-expected earnings for the second quarter of 2014, thanks to strong performance of investment banking and wealth management business.
Representatives of a few dozen Italian construction businesses are in Poland to seek partners and prospective contracts involving road, railway and environmental projects and met with Polish administration and business people on Wednesday.
It is important for BRICS bushiness communities to be unified especially at this point of time when major changes and uncertainties in global economy present great difficulties to them, said a leading Chinese entrepreneur at the BRICS Business Forum on Monday.