Industrials

Siemens sales, orders rise on strengthening global economy

Industrial equipment maker Siemens AG says its net income rose 12 percent to 2.2 billion euros ($2.7 billion) in the last three months of 2017, helped by one-time gains from the sale of shares in its Osram lighting business and from the U.S. corporate tax cut.

China orders Muji to destroy catalog over 'problem map'

Japanese retailer Muji has been ordered by Chinese authorities to destroy a catalog with a map that Beijing complained mislabels Taiwan and omits disputed islands, joining a string of companies rebuked for commercial materials that fail to reflect China's territorial claims.

Behind South Korea's chip boom, worries over future

The craze for smartphones, social media and universal connectivity is generating immense wealth but also deep unease in South Korea, source of a large share of the computer chips that make them work.

Putin calls Russia list 'hostile' as Dems decry no sanctions

The Trump administration late Monday released a long-awaited list of 114 Russian politicians and 96 "oligarchs" who have flourished during the reign of President Vladimir Putin, fulfilling a demand by Congress that the U.S. punish Moscow for interfering in the 2016 U.S. election.

Ryanair formally recognizes UK pilots union

Budget airline Ryanair has signed a formal recognition agreement with the British Airline Pilots Association, a significant milestone in addressing the company's often testy relations with its employees.

US, Qatar reach agreement on subsidy spat with airlines

The United States and Qatar have reached a deal to resolve a years-old quarrel over alleged government subsidies to Persian Gulf airlines, as Qatar's government works to defuse tensions with the Trump administration.

Publicly funded New Mexico spaceport seeks confidentiality

Operators of a taxpayer-funded spacecraft launch facility in New Mexico are seeking greater confidentiality for tenants that include aspiring commercial spaceflight company Virgin Galactic, urging lawmakers to enact exemptions to state open-records laws.

Clarification: Damaged Dam story

The costs of dealing with last year's near-disaster at the nation's tallest dam have reached $870 million, California officials said Friday.

Australia plans to become leading defense-industry exporter

Australia's government announced a strategy Monday to create high-tech jobs and become one of the top 10 defense-industry-exporting countries within a decade through arms sales to liked-minded nations while also keeping those weapons from rogue regimes.