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Strike Over Teva Firings Shuts Israel’s Bourse, Banks, Airports

Striking workers idled Israel’s international airport, government offices, banks and stock market, pressing to mitigate Teva Pharmaceutical Industries Ltd.’s turnaround plan, which includes firing 25 percent of the ailing drugmaker’s local employees. Teva workers protesting near facilities around the country tied up morning rush-hour traffic on Sunday. The walkout called by the Histadrut labor federation…

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Five Charts on How 2018 Will Make or Break OPEC

And OPEC thought 2017 was tough. 2018 could be a killer. The starting point isn't great. The group and the International Energy Agency -- the two giants of the oil world -- have very different views of the year ahead. OPEC sees the policy of output restraint finally yielding the results its architects intended, with the…

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Trump calls wife of hospitalized John McCain

President Donald Trump has called the wife of John McCain as the Arizona senator is hospitalized for cancer treatments. The White House said Trump called Cindy McCain on Friday to send his best wishes and check on her and her husband. John McCain was admitted this week to Walter Reed Medical Center due to side…

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Casualties in Pakistan church attack

Image copyright Reuters Image caption Hundreds of worshippers were reported to be inside at the time A suicide bomb and gun attack on a Methodist church in Pakistan has killed at least five people, reports say. The attack happened in the city of Quetta, some 65km (40 miles) from the border with Afghanistan. More than…

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Tencent to Buy Stake in Supermarket Chain in Rare Retail Foray

By and Tencent Holdings Ltd. will buy a stake in Chinese supermarket chain Yonghui Superstores Co. for about 4.22 billion yuan ($638 million), setting up a clash with arch-rival Alibaba Group Holding Ltd. in physical retail. China’s largest internet corporation is acquiring about 5 percent of Yonghui from existing shareholders at 8.81 yuan apiece, Yonghui…

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