Finance

Ashley Leads Coup to Oust Debenhams Chairman, CEO From Board

Sergio Bucher is to stay on as chief executive, and will continue with the company's restructuring plan. Chairman Sir Ian Cheshire was also voted off the boar...


Flybe bought by Virgin-led consortium

The purchase will value Flybe's equity at just over £2m (€2.2m), with the buyers having pledged to plough as much as £100m (€111m) into the airline to keep it...


Beer lovers and breweries impacted by government shutdown

The New York Times reports that Alementary Brewing in Hackensack, N.J., can't get federal approval to begin brewing in its new warehouse because the applicati...


Aphria shares gain after pot grower reveals CEO is stepping down

The Leamington, Ont. -company also announced Friday that co-founder Cole Cacciavillani will also leave his current role as vice-president growing operations in ...


USA government shutdown: Websites insecure and inaccessible

Cybersecurity experts are concerned that the shutdown could leave government websites vulnerable to hackers. Meanwhile, the Department of Homeland Security's ...


Oil Prices Fall More Than A Per Cent

USA crude prices finished the week up 7.6 percent, their best showing in six months. The Shanghai Composite index was up 0.6 percent at 2,550.35. Shares fell in...


Alexandria Ocasio-Cortez Hires Marijuana Policy Expert as an Advisor

While Riffle is being brought on to help Ocasio-Cortez with all issues, she's also made it clear she is in favor of marijuana legalization. She floated the id...


United Kingdom economic growth hits six-month low

Industrial output slowed worldwide in late 2018, raising fears the global economy is losing steam as trade tensions rise and Chinese consumers trim spending. Th...


Ex-Nissan chairman Carlos Ghosn indicted for alleged breach of trust

Ghosn, once the most celebrated executives in the auto industry and the anchor of Nissan's alliance with Renault, remains in custody in a Tokyo detention cent...


Apple Might Debut 3 New iPhones in 2019

While this particular design (pictured below) leaves a lot to be desired, it's been reported numerous times before that Apple will, in fact, employ a triple-l...


Google owner Alphabet sued by shareholders over sexual harassment payouts

The lawsuit also names Amit Singhal , a search executive who, reportedly, also received an exit package after accusations of sexual harassment were levelled...


Singapore retail sales decline 3 pct in November 2018

This is the highest level recorded in the series and continues a pattern of increasing online contributions to total sales in November. Takings at the till di...


Norovirus hits Royal Caribbean's Oasis of the Seas

Since 2001, half of all outbreaks were caused by a new strain of the highly contagious norovirus. The rush to return to port wasn't necessarily out of concern...


World Bank Cuts Oil Price Forecast To $67 In 2019

The Bank of Canada is going to make a decision on whether to follow the US Federal Reserve and hike interest rates by 25 basis points when it concludes its meet...


Brazilian government approves Boeing strategic partnership with Embraer

At the moment, the Brazilian government has full veto power at Embraer but would be forced to give up all control of the nation's aircraft manufacturer to the A...


Macy's Holiday Comps Gain But Guidance Slips

The denim-focused retailer The Buckle Inc . saw its same-store sales for the five-week period ending January 5 slide 0.2 percent while net sales for the period...


$250K Winning Powerball Ticket Sold In Michigan Expires Today

The latest Powerball lottery jackpot offers another big payout for someone with a ticket and a whole lot of luck. The Lott explains that every entry must be v...


Teen charged over alleged 'threatening comments' on plane to Sydney

Australian citizen Meke Fifita , 19, appeared at Manukau District Court on Thursday charged with breaching the Civil Aviation Act. He typed "I have a bomb" b...


GM To Push Cadillac As Tesla Rival

GM is not expected to disclose on Friday additional details, including precisely when the Cadillac EV will be built, whether it will be a crossover or sedan, or...


PC shipments declined in 2018 for 7th consecutive year

The demand existed, the market research firm says, only that the said shortage "affected vendors' ability to fulfill demand created by business PC upgrades". Ap...


Ford Announces Thousands of Job Cuts Across Europe

The strategy will also drive electrification of the fleet further. An engineer for JLR at its Whitley plant near Coventry told the BBC that, "It's not clear...


SpaceX will lay off 10 percent of its staff to fund projects

This action is taken only due to the extraordinarily hard challenges ahead and would not otherwise be necessary". The job cut announcement coincided with the ...


China Takes Wind Out Of Apple iPhone Sales

Back in late 2017, Apple confirmed that it was throttling iPhone performance . Customers look at new Apple watches including the Series 4 at an Apple stor...


SpaceX To Lay Off 10 Percent Of Its Workforce

Elon Musk's Space X company is financially healthy and was recently valued at almost USA $30 billion. Elon Musk's company is financially healthy and was rece...


Expect Tougher Air Travel as Government Shutdown Drags On: TSA Union Rep

But Chin said that if the shutdown continues and additional screeners don't show up for work, the airport could be forced to close a security checkpoint at term...


All you need to track any phone’s location is a small bribe

At this time, it appears AT&T , Sprint and T-Mobile are all selling location information about their customers to aggregators. New reporting by Motherboar...


Costco Selling 27-Pound Bucket Of Mac And Cheese

Despite the glorious image of 27 pounds of creamy, golden macaroni and cheese flowing from a bucket better suited to hold kitchen tile grout, each serving of no...


Saudi Arabia announces rise in oil reserves

He also said Saudi Arabia was producing 10.20 million bpd, delivering on an earlier pledge to cut output further than required by a supply-limiting deal betwe...


Amazon's Jeff Bezos worth $150bn announces divorce from wife MacKenzie

Speaking at an event in Berlin last April, Ms Bezos said her support was instrumental when he founded Amazon . Sources told the Post the pair had gotte...


Apple’s iPhone 2019 series will bring no major upgrade

Unfortunately, there's still no word on whether Apple will be lowering their iPhone prices this year-which would probably help boost sales more than camera im...


China offers Elon Musk permanent residency

Ellison's revelation comes as Tesla emerges from a rough patch. Musk was seen eating at Qimen Shuanrou in the capital's Guijie area with singer Grimes, a fo...


Carlos Ghosn comes down with fever in jail, halting interrogation

Ghosn's lawyers had appealed to the court to free him, claiming at a special hearing in a Tokyo court there were no grounds for his detention, which has now l...


Rumour: FCA to pay US$ 650m for diesel emission settlement

According to the United States government, FCA used "illegal and undisclosed software" on 2014-2016 Ram 1500 and Jeep Grand Cherokee vehicles equipped with ...


Longer US government shutdown will hit economy, says Fed chief

Yesterday the Australian share market closed 0.3 per cent higher or 17 points higher at 5,795. He said he didn't know the exact level. Powell's second appeara...


China says trade talks with U.S. set foundation to resolve concerns

Negotiations between the USA and China in Beijing this week on trade were "extensive, in-depth and detailed", and laid the foundation for the resolution of ...


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