Business articles

Amazon’s Jeff Bezos becomes world’s richest person

Amazon founder Jeff Bezos on Thursday became the world’s richest person, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, Forbes magazine estimated.

Total barrels ahead as oil price rise

French oil company Total said Thursday underlying profits gushed higher in the second quarter thanks to a recovery in the price of oil, with the company also benefitting from increased output.

Volkswagen lifts 2017 forecast

The world’s largest carmaker Volkswagen lifted slightly its forecast for the full year Thursday, hailing strong performance even as it faces a brewing scandal at home in Germany.

Facebook profit jumps as user ranks grow

Facebook on Wednesday reported that its quarterly profit leapt 71 percent from a year ago to $3.9 billion as it dished out money-making ads to its more than two billion users.

UK to ban sale of petrol and diesel cars by 2040

Britain said Wednesday it will outlaw the sale of new diesel and petrol cars and vans from 2040 in a bid to cut air pollution but environmental groups said the proposals did not go far enough.

Coca-Cola profits fall as it touts healthier drinks

Coca-Cola saw profits drop sharply due to sales of bottling facilities as it moved to expand offerings of low-sugar and non-carbonated beverages amid flagging demand for sweet sodas, the company said Wednesday.

British economy grows 0.3% in second quarter

Britain’s economy grew by 0.3 percent between April and June, a slight increase compared with the first quarter of the year, the Office for National Statistics said on Wednesday.