Business articles

China-backed bank approves 13 new members

The China-backed Asian Infrastructure Investment Bank (AIIB) said Thursday it has approved 13 new prospective members including Canada, in a coup for Beijing after Washington failed to dissuade US allies from signing up.

Bulgaria’s economy: a tale of extremes

Bent over the machines for hours with headphones to block out the whirring noise, textile workers in Bulgaria, which holds elections Sunday, earn a pittance even after 10 years of EU membership.

Asia markets enjoy small recovery after big losses

Most Asian markets edged up and the dollar saw a small recovery on Thursday as investors tracked a bounce in New York, with focus now on a crucial congressional vote on US healthcare reform later in the day.

AT&T, Verizon join Google ad boycott

AT&T and Verizon on Wednesday joined global firms pulling ads from Google, saying they did not want their brands associated with inappropriate content on the internet giant.

Movies draw record $38.6 bn at box office in 2016: MPAA

The global box office for films took in a record $38.6 billion last year, industry figures showed Wednesday, although receipts outside North America declined for the first time in 12 years as the Chinese market slowed.

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