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. Last Updated: 07/27/2016


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Global Chip Sales Seen Soaring

Global chip sales may surge as much as 30 percent this year on demand for semiconductors used in consumer electronics such as camera-equipped cellular phones and digital cameras, technology market researcher Gartner Inc. said Wednesday.

Sanyo and Seiko Agree To Merge LCD Makers

Japan's Sanyo Electric and Seiko Epson Corp. said Wednesday that they had agreed to merge their liquid crystal display operations to better compete in the fast-growing but increasingly crowded field.

Super Jumbo Orders Take Off

Korean Air Co., Emirates and FedEx Corp. say Airbus SAS's new ""super jumbo"" plane will help them fly bigger loads of Asian-made cellular phones and computer chips at less cost than Boeing Co.'s biggest plane.

Virgin to Hire 1,400 Workers, Buy Planes, Add New Routes

Virgin Atlantic Airways Ltd. plans to order two more A340-600 aircraft, recruit 1,400 staff, add new routes to Cuba and the Bahamas and expand capacity on existing routes, the British airline said Wednesday.

Estonia Calls On EU to Slash Taxes

Estonia's new European commissioner Wednesday challenged high-tax countries such as France, Sweden and Belgium to slash business taxes, fueling tensions over how to boost competitiveness as the European Union expands.

Baltic Party Boats Brace for Tax Hangover

The tax-free store on the ferry from Estonia's capital Tallinn to Helsinki is packed with crates of beer and spirits, and it is hard to tell whether it is the Baltic swell or the booze that makes the passengers stagger.

Top Executive: Norwegians Are Whiners

The increasing number of Norwegians calling in sick for work had the country's top business leader complaining this week that the healthy country had become a ""nation of whiners.""

New Hamas Leader Backs Off U.S.

The new Hamas leader in Gaza said Wednesday that the group had no plans to attack U.S. targets, backing off earlier threats from its armed wing following Israel's assassination of Hamas' founder.

UN Body Condemns Israeli Strike

The top UN human rights body condemned Israel on Wednesday for its killing of Sheikh Ahmed Yassin, the spiritual leader of the Palestinian militant group Hamas.

World Leaders Come to Mourn in Madrid

World leaders dressed in black joined Spanish royalty and families of the 190 victims of Madrid's train bombings Wednesday for a rare state funeral honoring those killed in the nation's worst terrorist attack.

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