Business

German sportwear firm Adidas (ADSGn.DE) expects a significant rise in the cost of sourcing products by 2020 due to increasing labor and material costs, but should be able to compensate by lifting prices and cutting overheads, it said on...

SAN FRANCISCO, December 08, (THEWILL) – IFC, a member of the World Bank Group, Tuesday signed a Joint Development Agreement with Alten’s Middle Band Solar One Limited, a Nigerian solar power project company, to co-develop a 120 megawatt peak...

Yum Brands Inc (YUM.N) Chief Financial Officer Patrick Grismer will resign effective Feb. 19, the parent of the KFC, Taco Bell and Pizza Hut restaurant brands said on Monday. News of Grismer's planned departure comes as Yum prepares to spin...

Verizon Communications Inc's (VZ.N) chief financial officer Fran Shammo, said the No. 1 U.S. wireless carrier could look at buying Yahoo Inc's (YHOO.O) core business, which includes Mail, its news and sports sites and advertising technology, if it is...

The slowing world economy looks set to get a boost from stronger consumer demand next year, as low inflation boosts the real value of workers' pay rises to a three-year high, a survey said on Tuesday. A plunge in oil...

BEVERLY HILLS, December 07, (THEWILL) – Some businessmen in Lagos on Monday expressed concern that the continued crashing of the Naira at the parallel market was making it difficult for them to sell their goods. They said that the development...

Troubled Japanese tech giant Toshiba could face a record fine of 7.37bn yen ($60m; £39m) for its multi-billion dollar accounting scandal. The fine was recommended by the Securities and Exchange Surveillance Commission (SESC) to the Financial Services Agency, which imposes...

Oil prices edged closer to 2015 lows on Monday after OPEC's meeting ended without a reference to its output ceiling and a stronger dollar made it more expensive to hold crude positions. The Organization of the Petroleum Exporting Countries (OPEC)...

China is forecast to become the world's biggest electric car market this year, with sales estimated at 220,000 to 250,000 vehicles, the official news agency Xinhua said on Sunday, quoting the China Association of Automobile Manufacturers. Worldwide electric cars sales...

Hints by Mario Draghi ahead of last Thursday's ECB rate meeting that the euro zone may need another big injection of money backfired, stiffening the resolve of more conservative central bankers who criticized him for raising expectations too high,...