Business articles

South Korea tips fastest growth in three years in 2017

South Korea said Tuesday its economy is set to grow at its fastest rate in three years in 2017, on the back of strong exports and a $10 billion stimulus package aimed at creating jobs and bolstering welfare.

Cartel probe looms over German car industry

German carmakers faced a brewing scandal Monday as suspicions grew they colluded illegally for decades, further damaging the industry’s image and exposing it to massive financial risks.

Uber rival Grab to raise $2.5 billion in new financing

Southeast Asian ride-hailing firm Grab said on Monday it expects to raise $2.5 billion in financing, mostly from China’s Didi Chuxing and Japan’s Softbank, as it strengthens its lead over rival Uber.

Mexico artisans handcraft gloves for boxing legends

In a boxing world often dominated by promoters, self-promoters and glitz — exhibit A, Mayweather vs. McGregor — Alberto Reyes likes to do things the old-fashioned way: his company still makes gloves by hand, just as it did for Muhammad Ali.

BMW denies collusion on diesel emissions

German luxury carmaker BMW on Sunday denied any collusion with industry rivals on emissions from its diesel engines, saying none of its models had been “manipulated” or violated industry regulations.

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