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Microsoft opens its first flagship retail store

Microsoft Inc. is all set to open its first flagship brick-and-mortar retail store in New York City’s famed Fifth Avenue, just a few blocks away from Apple’s Fifth Avenue Store.

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UK-China relation attains new heights amidst doubts and criticism

Chinese President Xi Jinping is all set to sign a landmark deal with Britain worth billions, thrusting his nation into the heart of Britain’s civil nuclear industry.

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Walmart bribery probe finds no major misconduct in Mexico

The Department of Justice has almost finished its bribery probe into Walmart’s Mexican unit and has found no solid grounds in the way of major offenses, and is likely to result in a much smaller case than investigators first expected the Wall Street Journal reports.

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Volkswagen recalls cars in China amid diesel emissions scandal

Earlier Monday, Volkswagen confirmed that it was recalling 1,950 diesel vehicles in China to correct the engine software that the company admits cheated on emission tests

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World Bank cuts East Asia growth forecast

The World Bank has slashed its economic growth projections for developing countries in East Asia and the Pacific, reflecting risks for China’s slowdown and possible contagion from expected increases in U.S. interest rates.

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Volkswagen diesel emissions scandal jeopardizes the clean-diesel future

The Volkswagen TDI diesel scandal that has battered the automotive giant’s image in the United States swamped to its core market in Europe on Tuesday, when the company stunned the investors by admitting that the problem was much bigger than they anticipated.

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Scott Walker approves public funding for Milwaukee Bucks Arena

Wisconsin Governor Scott Walker, who is running for president, signed into legislation on Wednesday, finalizing his controversial plan to spend $250 million of taxpayers’ money to help build a new arena for the Milwaukee basketball team.

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Tesco to ditch Ribena, Capri-Sun from its stores, Sparks Internet outrage

British supermarket giant Tesco flared the war on sugary drinks after it announced to put a ban on sugary drinks that would see some of the best-selling products of Ribena, Capri-Sun and Rubicon disappearing from its shelves.

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Japan’s Nikkei buys Financial Times for £844 million

Japanese publishing group Nikkei Inc. took media circles by surprise when it agreed to acquire the 127-year old Financial Times from its British owners in a £844 million ($1.3bn) buyout deal.

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