Reuters

Gett hits Uber on surge pricing; launches ad war

Gett, one of Uber's biggest competitors, launched Monday its first big campaign against its competitor, Uber, which claims is ripping people off through its surge pricing.

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Despite jobless claims up, US 4-week average at 15-year low

The last week witnessed a sudden jump in new applications for unemployment benefits while the four-week average showing a healthy situation in the job market as it touched a record low since 15 April 2000.

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Economic crisis proves no tragedy for Greek theater

On a stiflingly hot summer night, the ancient Greek amphitheatre of Epidaurus is packed to capacity for a performance of a 2,400-year-old play by Aristophanes -- testimony to Greeks' enduring love of theater despite years of grinding economic crisis.

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Swiss banks step up battle for Asia's super-rich

UBS's giant banner on Hong Kong's One Peking Road skyscraper, so big it has drawn complaints for keeping solar panels in the shade, is a testament to the renewed push among Swiss banks to win business from Asia's burgeoning ranks of millionaires.

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China's July exports slump 8 percent, raises pressure for more stimulus

Chinese exports tumbled 8.3 percent in July, their biggest drop in four months and far worse than expected, reinforcing expectations that Beijing will be forced to roll out more stimulus to support the world's second-largest economy.

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Greek government says discussing draft of third bailout deal

Greek government officials discussed a draft of the country's third bailout agreement drawn up on the basis of discussions with EU/IMF lenders, a government official said on Saturday, boosting hopes a deal could be wrapped up in days.

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China's Anbang Insurance to make over $1 billion bid for Japan's Simplex: sources

China's Anbang Insurance Group Co is bidding to buy Japanese property asset manager Simplex Investment Advisors, four people with knowledge of the bid said, in a deal that could top $1 billion.

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Tech leads Nasdaq, S&P 500; Disney sparks media selloff

The S&P 500 and Nasdaq Composite rose on Wednesday following three days of losses as tech shares advanced, while the blue-chip Dow index ticked lower, weighed by Disney's largest daily drop in almost seven years.

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IMF review recommends delaying currency basket adoption of yuan

The International Monetary Fund should put off any move to add the yuan to its Special Drawing Rights currency basket until September 2016, an IMF staff report said, a move that would effectively end the Chinese currency's chances of an early inclusion.

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Dollar, bond yields up on Fed rate risk

Asian shares markets got off to a watchful start on Wednesday as the mounting risks of a hike in U.S. interest rates as early as next month lifted the dollar and sovereign bond yields, pressuring currencies across the region.

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BMW CEO hints there is space for more electric models

The chief executive of BMW hinted in a German paper that there was potential for another of its "i" electric car models.

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Germans fret over Europe's future but still believe

The battle for Europe will be won or lost in Germany. On some days recently, it has looked like it might be lost. But that is to underestimate the deep German commitment to the success of European integration based on the rule of law.

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China central bank official sees downward pressure on economy persisting: paper

Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying.

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Nestle India targets growth in other businesses after Maggi scare

Nestle India Ltd will focus on growing its dairy, coffee and confectionary businesses, its new boss said, as the company battles to bring back its popular Maggi noodles that were pulled from shelves over safety concerns.

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Shareholders hint at shake-up of missile maker MBDA

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