Marketplace®

Daily business news and economic stories
  • Employee riots at India's largest car-maker — Maruti — have burned down part of the factory, shut down the plant and killed a human resources manager.

  • Some of China's biggest companies are warning that profits for the first half of this year could be cut in half. It's the latest evidence of an economic slowdown in China and gives you a sense of how big that slowdown might be.

  • Yesterday the Russian Soyuz spacecraft launched and is now on its way to the International Space Station. Since retiring their own shuttle program, NASA has been paying Russia millions of dollars to get astronauts into space.

  • Economic growth numbers from China did not fail to live up to the hype. China's GDP growth slowed in the latest quarter to to 7.6 percent — the slowest in three years.

  • Residents of some apartment buildings in London are upset that the British military plans to put anti-aircraft weapons on their roofs during the Olympic games.

  • A Japanese government report on the Fukushima nuclear crisis puts the blame squarely on culture — namely, a cozy relationship between politicians, regulators and the nuclear power industry. It goes so far as to suggest the accident might have occurred even without an earthquake and tsunami.

  • European leaders have settled on a new way to bail out banks. The structure will allow the EU to prop up troubled banks directly. It's the kind of change Spain, Italy and other struggling eurozone countries were looking for.

  • There's a big EU summit going on in Brussels today, and it appears leaders have come up with an agreement that may help ease the debt crisis — at least somewhat.

  • The problems that got us today's health care Supreme Court decision — rising health care costs, the pull between personal liberty and the social safety net — are familiar around the world, even if the solutions have been very different.

  • The 15-month uprising in Syria has been especially worrisome for Turkey — which shares a border — now more than ever after Syria shot down a Turkish military plane last Friday. Before the conflict, the two had been trading partners.