United Kingdom

Business News Headlines

U.S. asks China not to enforce cyber security law

The United States has asked China not to implement its new cyber security law over concerns it could damage global trade in services, a U.S. document published by the World Trade Organisation showed on Tuesday.

Equifax CEO retires following massive cyber attack

U.S. credit reporting firm Equifax Inc said on Tuesday its Chief Executive Richard Smith will retire, a week before he was expected to testify before a Senate Banking Committee in the wake of a massive cyber attack.

Uber to withdraw from Quebec - CBC News

Last week, Uber said in a statement that the "new and challenging" provincial regulations "significantly threaten" the company's ability to continue operating, the report said.

IMF sees 'good progress' on reforms in Egypt

Egypt has made a "good start" to its IMF-backed reform programme despite seeking waivers for missing some targets in June and a deeper-than-expected currency depreciation, but inflation remains the main risk for stability, the IMF said on Tuesday.

Lufthansa board approves plans to grow Eurowings

Lufthansa's supervisory board has approved plans by the airline to invest in up to 61 additional planes for its Eurowings budget arm, seeking to fill the gap left by insolvent German rival Air Berlin .