Finance

WeWork losses doubled as it opened offices ahead of failed IPO

SoftBank and Saudi-backed Vision Fund has invested more than $ 10 billion in WeWork and CNBC notes that it could face a multi-billion dollar write-down if WeWor...


China Trade Talks Get Stuck Over Farm Purchases

Beijing lifted a almost five-year ban on imports of U.S. poultry meat on Thursday, a move the U.S. Trade Representative said would lead to more than $1 billion ...


Amazon appeals $10-b Pentagon contract won by Microsoft

Amazon says that politics got in the way of a fair contracting process. The Pentagon awarded the contract to Microsoft in late October, and Amazon said th...


Ford Mustang Mach-E leaks ahead of LA Auto Show debut

The American carmaker's been teasing us with pre-production models and spy shots of what is purported to be a Mustang-based SUV. You'll also be able to put a re...


Nike stop selling all its products on Amazon

Sportswear retailer Nike is to stop deals through Amazon so it can concentrate on selling legitimately to clients. While consumers worry that other brands will ...


'Berlin rocks' says Elon Musk as chooses European factory

In November 2016 Musk downplayed the effects of Brexit and said Tesla planned to build an R&D base in the UK. German automaker Volkswagen , which last we...


Kiwi takes flight as New Zealand's central bank surprises by standing pat

The New Zealand dollar and wholesale interest rates spiked higher after the Reserve Bank left its official cash rate (OCR) unchanged at 1 per cent. The RBN...


How Skoda Octavia Beat Volkswagen Golf at Its Own Game

The generation sedan measures 4689 mm in length making it 19 mm longer, while the width is 1829 mm, 15 mm wider than the outgoing model. All of which means ther...


Alibaba Wins Exchange's Approval for $12B Hong Kong Listing

Hong Kong Exchanges & Clearing Ltd. approved the tech giant's listing application, said the person, who asked not to be identified as the information is priva...


Food prices spike Oct retail inflation to 4.62%

Annual retail inflation rose to 4.62% last month, up from 3.99% in the prior month and higher than the 4.25% forecast in a Reuters poll of analysts. The decr...


$75 Costco 'Anniversary' coupon on Facebook is a scam, company says

The multinational company, which operates a chain of membership-only warehouses around the world, went on to thank their fans for alerting them to the "recurrin...


Tesla cites Brexit as Germany chosen over United Kingdom for European plant

He called it "a milestone in the expansion of electric mobility and battery expertise". In typical Musk style, he confirmed the decision by Tweeting "Giga B...


Nike shoes no longer on Amazon

Amazon has always been courting major fashion and athletic companies to sell products on its website, and for years Nike had avoided selling its products direct...


Saudi Aramco’s record IPO starts Nov 17, prospectus says

If the government sells two per cent of Aramco shares, the retail offering could account for 25 per cent of the deal size at the top valuation of Sh200m trillio...


America's Largest Milk Producer Declares Bankruptcy

In an email to BevNET, Good Karma CEO Doug Radi said Dean Foods' bankruptcy has "no impact" on the brand, which remains an independent company with a separate...


Bolivia: Prioritize Rights in Wake of Morales Resignation

Morales stepped down Sunday under pressure from Bolivia's military following weeks of violent protests fed by allegations of electoral fraud in the October 2...


Tesla Flaunts First China-Built Cars as Start of Sales Nears

The new factory is to be built on an industrial site in Grünheide, Brandenburg, in the Oder-Spree district southeast of Berlin, according to Berlin daily Tag...


Marijuana Allegedly Found In McDonald's Sweet Tea

Island Packet reported Parrish Brown went to McDonald's in Hilton Head Island and ordered for10-piece chicken McNuggets, double cheeseburger and sweet tea with ...


United Kingdom economy grows at slowest annual rate since 2010 in Q3

The Office for National Statistics said the 0.3% growth for the latest quarter signalled the economy "slowing" as the annual GDP rate had fallen to 1% since th...


China's Jingye Group set to buy British Steel

British Steel Ltd was wound-up in the High Court on 22 May 2019, with the government's official receiver taking charge of the business. "But actually Britis...


YouTube Could Terminate Creators Who Are Not "Commercially Viable" for the Platform

It's also notable here that this is the only time Google uses the term "commercially viable" in the whole updated Terms of Service. Furthermore, YouTube may...


Uber CEO ripped for calling Khashoggi murder a 'mistake'

He noted that Uber has also made mistakes, including with self-driving cars, which caused a woman's death in 2018. In March 2018, one of Uber's self-driving t...


WeWork courts T-Mobile's John Legere for CEO spot

He's the face of the company and it nearly feels like an understatement to say he has had a hand in helping T-Mobile become one of the country's most popular wi...


Plane Slides Off Runway at O'Hare Airport in Snowy Conditions

A viral video on social media shows a plane sliding sideways, stopping with its wing in a grassy area. Three crew members and all 38 passengers were safely remo...


Oil falls after Trump downplays optimistic China trade reports

The stock market's recent move to record highs comes in part because of improving sentiment around U.S. -China trade talks again rose to the fore following co...


Canadian Dollar: Loonie Sinks on Weak Jobs Report, Housing

The country lost 1,800 jobs in October, Statistics Canada said Friday in Ottawa, versus economist expectations for a 15,000 uptick in employment. Stephen Br...


Apple co-founder says Apple Card algorithm gave wife lower credit limit

Rhodes explained that regulators drew attention to this issue due to a series of posts made over the past few days on social networks by entrepreneur David Hein...


Alibaba eyeing US$15bn Hong Kong listing

If realised, the US$15 billion IPO would be the biggest since insurance giant AIA garnered US$20.5 billion in 2010. Alibaba's share sale, which could be t...


Alibaba says 11-11 sales hit $13 billion in first hour

On the Alibaba platform, the most popular products on Singles' Day are clothes and daily necessities, such as skin care, health and baby products. Singles' Da...


SoftBank Group profit plunges; Son admits 'poor' decisions

Aside from that, the extent of loss SoftBank had to grapple with over the third quarter of the year raised alarming bell over Son's strategy to back loss-making...


Disney+ is coming to Europe on March 31

Contributing to this was Disney's direct-to-consumer and worldwide unit, which includes its streaming business. The US gets the hotly-anticipated show when ...


Gap CEO steps down amid slumping sales - 47abc

Robert Fisher, Gap's non-executive chairman of the board, will take Peck's place until a permanent CEO is named. "As the board evaluates potential successors,...


Global billionaire wealth falls for 1st time in 3 years

USB and PwC said that factors behind this included "a strong USA dollar, trade friction, fears of lower economic growth, and financial market volatility "....


SA artists promise to perform for mahala at the #KFCProposal wedding

Batho ba Vaal re thuseng! Since the woman happily agreed and the handsome moment was captured, KFC, Cricket SA and Pick n Pay were among the few who have been...


Special deals and freebies for military members in honor of Veterans Day

That adds up to a 30-percent discount for in-store purchases, and it's available to military families as well. All restaurants will also offer 10-percent off to...


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