Penneys seals major expansion deal in the United States

Fast-growing Irish retailer Penneys has signed a deal to lease retail space in the US from department store chain Sears in its biggest push yet into the American market. Penneys, which trades as Primark outside Ireland, will set up in seven Sears stores in the...

China’s economic growth slows to more than five-year low

hina’s economy grew at its slowest pace since the global financial crisis, causing speculation the government may introduce more stimulus measures. Gross domestic product rose by 7.3% in the third quarter from a year earlier, compared to 7.5% in the previous...

French Oil Giant Boss Dies in Moscow Executive-Jet Crash

Total SA’s Christophe de Margerie died when his airplane struck a snowplow on a Moscow runway, ending a career in which he oversaw the biggest expansion of oil reserves at the French energy giant in at least 15 years. The 63-year-old chief executive officer died at...