World Business


Google billionaire depends on banker army and his Navy Seal


Margaret Collins   Google co-founder Sergey Brin has an army of bankers to manage his $39 billion fortune.

GoPro founder Nick Woodman seen as highest-paid US CEO in 2014

'A special entrepreneur': GoPro founder Nick Woodman.

Laura Marcinek and Brandon Kochkodin   Nick Woodman, the billionaire founder of camera-maker GoPro, is about to get a first-person view of being the highest-paid U.S. executive.

Patient Goldman Sachs goes against consensus, wins big

Lloyd Blankfein, chief executive officer of Goldman Sachs, has a reason to smile.

Lloyd Blankfein stuck with trading businesses that competitors pared and now he's delivered Goldman Sachs's best result in five years.

Lagarde rejects IMF payment relief for Greece

IMF Managing Director Christine Lagarde makes remarks at a press briefing during the IMF and World Bank's 2015 Annual Spring Meetings, in Washington, April 16, 2015.

Nikos Chrysoloras, Tom Keene and Rebecca Christie   International Monetary Fund Managing Director Christine Lagarde warned that she wouldn't let Greece skip a debt payment to the lender, shutting down a potential avenue to buy the Greek government some financial leeway.

IMF identifies financial markets as key risk

Olivier Blanchard, top economist at the IMF, is less worried about Europe now, but other risks have emerged.

Vesna Poljak   The International Monetary Fund has warned that disruption in financial markets remains one of the biggest risks to global growth this year.

India's rise: the chart that will have China looking over its shoulder

Indian and Australian flag side-by-side at India Gate in New Delhi,

Luke Malpass   Could this be the year the world's biggest democracy outpaces the world's biggest totalitarian state?

The $US70,000 pursuit of happiness

Gravity Payments founder, Dan Price.

Patricia Cohen   Dan Price, the founder of Gravity Payments, read an article that showed people who earn less than $US70,000, extra money makes a big difference. So he decided to raise the bar.

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Chinese investors just can't get enough in Shanghai boom

Chinese investors just can't get enough in Shanghai boom.

Bruce Einhorn   The Shanghai stock index is the second-best performer in Asia this year, up 28 per cent, and investors just can't get enough.

Greece may have blown best hope of debt deal

Alexis Tsipras, Greece's Prime Minister.

Prime Minister Alexis Tsipras' government has so thoroughly shattered creditors' trust that solutions which might have been on offer a few weeks ago now seem out of reach.

LVMH buoyed by designer handbags and American shoppers

Louis Vuitton handbags are back in fashion.

Andrew Roberts   Renewed demand for Louis Vuitton handbags and a weak euro have helped lift LVMH shares about 30 percent this year.

HBO shows the way forward

As HBO basks in the glory of a new season of <i>Game of Thrones</i>, it's easy to forget that less than a decade ago the network was being written off.

John Koblins and Emily Steel   In 2007, just as Tony Soprano faded to black, HBO fell into a deep slump, its content cupboard bare.

FedEx solves TNT mystery to attack online shopping boom

FedEx plans to use its acquisition of TNT Express to improve deliveries to online shoppers.

Jenny Wiggins   Asciano chief executive John Mullen had long wondered why it was taking FedEx so long to catch up to its archrival, United Parcel Service, and acquire a strong European network to build a truly global package delivery business

Water-guzzling Californians turn to Australians for a hand

Queensland has suffered through a hot, dry summer despite the deluge from Cyclone Marcia.

Randall Hackley, Lynn Doan and Phoebe Sedgman   Australian farms and cities manage almost every drop of available water to make the most of supplies on the driest inhabited continent. No wonder California is looking Down Under for help with its record drought.

Warner Bros brings new game

<i>The Lego Movie</i>: Existing franchises and digital technology are building new toy markets.

Brooks Barnes   Lego Dimensions is the latest entry in the mixed-up and highly profitable "toys to life" category.

LinkedIn branches into online learning

'Customers have always had a voice but now they can amplify it,' says marketing expert Rohan Miller.

Michael de la Merced   LinkedIn, the professional networking site, is branching out yet again.

FedEx bid $US4.8b for Peter Abeles' TNT

FedEx will spend $4.8b buying TNT Express - the once small Australian company built into a worldwide logistics business by Peter Abeles.

Mary Schlangenstein, Richard Weiss and Elco van Groningen   FedEx will spend $4.8b buying TNT Express - the once small Australian company built into a worldwide logistics business by Peter Abeles.

'A very big deal': Shell in talks to acquire BG Group

Big deals, like Shell's $91 billion acquisition of BG Group, are risky and expensive – two words that dividend hungry investors don't want to hear in the yield-obsessed time.

Joe Carroll, Bradley Olson and Javier Blas   Royal Dutch Shell is in talks to acquire BG Group in a deal that would vault Shell to the top of the global gas-export industry and gather together untapped discoveries from Brazil to East Africa.

Inside Tinder and eHarmony's fight for love

Be mine love heart

Drew Harwell   Dating sites Tinder and eHarmony have very different approaches to helping their clients find love, but both are growing at an exponential rate.

Greece promises reform, to pay debts

Greek Finance Minister Yanis Varoufakis told reporters the government planned to 'reform Greece deeply'.

Greece wants the flow of bailout funds to resume and says it will meet IMF's repayments and vows "deep reform"

Mongolia PM says accepts blame in Rio Tinto dispute

The second phase of the Oyu Tolgoi in Mongolia has been put on hold.

Mongolia must take much of the blame for a dispute with Rio Tinto that has delayed the expansion of a $6.5 billion copper mine, Prime Minister Chimed Saikhanbileg said.

Blast-off for trade with Iran

Iranian President Hassan Rouhani speaks in a news briefing at the Saadabad palace in Tehran, Iran, Friday April 3, 2015. Rouhani on Friday pledged that his nation will abide by its commitments in the nuclear agreement reached the previous day in Switzerland. (AP Photo/Ebrahim Noroozi)

Andrew Critchlow   Young Iranians took to the streets of Tehran on Thursday night to celebrate the deal with world powers to lift economic sanctions in return for curtailing the Islamic republic's nuclear program.

Prison mercy bid risks Chinese wrath

Matthew Ng with his daughter Isabella in London 2010.

John Garnaut   The gang of plain-clothed Guangzhou city police arrived at Matthew Ng's apartment with a show of force in the evening, when they knew his family would be watching.

'Bye bye Miss American Pie': $US1m-plus song manuscript for sale

DonMcLean touring Australia in 2013.

Madeline McMahon   The manuscript for one of the most popular sing-along tunes of all time, "American Pie," will go on auction this month. The asking price: at least $US1 million ($1.3 million).

High-school dropouts fuel China's sharemarket rally

More than two thirds of new sharemarket investors left the education system by middle school - which in China means around the age of 15.

Tom Orlik   New data provides fresh insights into who has been driving the recent rally in China's markets. It is not reassuring.

McDonald's will test breakfast all day in US

McDonald's is hoping all-day McMuffins will help boost sales.

Craig Giammona   McDonald's will experiment with serving breakfast all day at some San Diego-area locations as Chief Executive Officer Steve Easterbrook seeks to pull the restaurant chain out of a US sales slump.

Vinter to fight ice with firepower

'Storms destroyed 70 percent of our grapes in 2008 and 2009. Each of those years, we produced less than 6,000 cases of wine,' says managing director Emmanuel Cruse.

Elin McCoy   After golf ball-sized hailstones battered vines in the Bordeaux area, managing director Emmanuel Cruse is pulling out the big guns.

Eurozone 'untenable' in current form, says world's biggest bond fund


Szu Ping Chan   The eurozone is "untenable" in its current form and cannot survive unless countries are prepared to cede sovereignty and become a "United States of Europe", the manager of the world's biggest bond fund has warned.

Greece's international creditors mull over reforms

Progress on completing the country's bail-out programme has stalled.

Mehreen Khan   Greece international creditors spent the weekend mulling over a series of reform measures.

Questions linger after employee's loss in Silicon Valley trial

Ellen Pao is the interim chief executive of Reddit, a popular online bulletin board.

Paresh Dave   A jury has spoken in a case that riveted Silicon Valley, but that doesn't mean all is over.

Weedkiller, once cleared, now doubted again

Questions over Roundup

ANDREW POLLACK    Thirty years ago, an Environmental Protection Agency committee determined that the popular weed killer Roundup might cause cancer. Six years later, in 1991, the agency reversed itself after re-evaluating the mouse study that had been the basis for the original conclusion.