News Local and Global in your language
20th of October 2018
Economy
Reuters: Business News
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Wanda Ferragamo, matriarch of famed shoemaker, dies at 962018-10-19 14:04:22
Wanda Ferragamo, the honorary president of the Florentine shoemaker founded by her husband Salvatore, has died at the age of 96, the family said on Fr
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U.S. frees Prudential Financial from more rigorous Fed oversight2018-10-19 13:43:45
A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial , freeing the insurance company -
Facebook hires former UK deputy prime minister as head of global affairs2018-10-19 13:33:50
Facebook Inc has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deal -
Switzerland, Victorinox settle legal fight over Swiss Army perfume2018-10-19 13:24:12
Fans of Swiss Army perfume can breathe a sigh of relief: the government and knifemaker Victorinox have settled a legal row that paves the way for mili -
AbbVie CFO Chase stepping down, to retire by mid-year 20192018-10-19 12:48:55
AbbVie Inc said on Friday that Chief Financial Officer William Chase is retiring in mid-2019 and named its controller, Robert Michael, his immediate -
Air France inks pay deal in milestone for new CEO2018-10-19 12:32:44
Air France-KLM's new Chief Executive Ben Smith struck a pay deal with French unions on Friday, drawing a line under a protracted standoff that had l -
EU signs Singapore trade deal, urges China to open up2018-10-19 12:16:50
The European Union signed a free-trade deal with Singapore at a summit with Asian leaders on Friday and pressed China to allow greater foreign investm -
Consumer staples lead Wall Street rebound2018-10-19 12:03:46
U.S. stocks rose broadly on Friday, driven by the consumer staples sector which was helped by Procter & Gamble results, brushing aside growth risk -
Honeywell says China growth slowing, tariffs to squeeze margins2018-10-19 12:02:23
Honeywell said on Friday it was seeing slower growth in China and that trade tariffs would squeeze margins and potentially cost it "hundreds of mill -
P&G shares surge on strong results, higher product prices2018-10-19 11:56:55
Procter & Gamble Co reported better-than-expected quarterly profit and sales, and said it was raising prices on several products around the world -
SolarWinds shares rise 3.2 percent in downsized market debut2018-10-19 11:34:28
SolarWinds Corp's shares rose as much as 3.2 percent in their downsized U.S. market debut on Friday, giving the enterprise software maker a market v -
Stocks bounce back despite Italy angst; dollar dips2018-10-19 11:28:43
Stocks rose across the world on Friday with a global index aiming to avoid a fourth consecutive weekly loss, but concerns over Italy's budget weighed
BBC News - Business
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HSBC, Credit Suisse and Standard Chartered pull out of Saudi event2018-10-16 19:40:53
The withdrawals follow tensions between the US and Saudi Arabia over Jamal Khashoggi's disappearance. -
Why dumping rubbish is a waste of money2018-10-16 19:09:48
Dumping rubbish is a waste of valuable resources, says Arthur Huang - and his company is showing why. -
‘School for politicians’ gets a taste of power2018-10-16 19:08:42
Tired of corruption, business people in Brazil come together to forge a new generation of lawmakers. -
Should universities consider ethnicity in admissions?2018-10-16 19:07:22
Harvard has been accused of racial bias in picking students. Should universities really consider ethnic backgrounds? -
Spotify ad banned for causing 'distress' to children2018-10-16 19:04:35
The advert mimicked a horror movie and was likely to scare youngsters, the ad authority says. -
The loss of the great romantics2018-10-16 19:00:15
The majority of those tricked out of money after meeting people on dating sites lost more than £2,000. -
Love Island breast enlargement ad banned2018-10-16 19:00:10
A TV ad showing young women with breast implants feeling "amazing" is banned by advertising watchdog. -
How California is changing the US2018-10-16 18:25:08
In privacy law, marijuana and minimum wage, California is shaping national debate. -
Netflix adds more subscribers than thought2018-10-16 17:53:35
The firm added nearly seven million subscribers in the quarter against a forecast of five million. -
Trump calls Federal Reserve 'my biggest threat'2018-10-16 17:26:24
The US president has escalated his war of words against America's central bank. -
Walmart rises despite lower profit forecast2018-10-16 15:33:48
The US retailer is battling to retain its place as world's largest retailer. -
Unilad web publisher bought by LADbible2018-10-16 13:07:33
The move safeguards more than 200 jobs at the viral publisher, which collapsed with debts of £6.5m.
Business News - UPI.com
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Lockheed named preferred bidder for Canadian navy bid2018-10-19 16:24:08
The Canadian government on Friday named Lockheed Martin the preferred bidder for its future surface combatant vessel, taking it one step closer to cl -
EIA: U.S. manufacturers have lost flexibility to switch fuels2018-10-19 15:51:39
U.S. manufacturers have the lost capability to switch fuels, which has made them more vulnerable to potential shortages, a report by the EIA said. -
Saab technology picked for British Royal Navy communication testing2018-10-19 13:27:32
Saab's communication platform has been enlisted to help Britain's Royal Navy interconnect its communication technology. -
Volatile October has seen oil prices fall $8 in two weeks2018-10-19 13:20:41
October has been a rollercoaster month for crude oil, with prices soaring to four-year highs and then tumbling back down again. -
Navistar contracted by Army for MRAP tech support2018-10-19 11:51:55
Navistar Defense was awarded a $19 million modification to an existing contract with the U.S. Army for tech support for Mine Resistant Ambush Protect -
BSEE: Approvals for Gulf of Mexico deep water drilling rise in 20182018-10-19 10:42:14
There have been more deepwater drilling permits approved this year for the Gulf of Mexico, where production platforms are getting bigger, the BSEE re -
Navy taps Austal for next expeditionary fast transport2018-10-19 09:27:58
Austal USA has been awarded a $57 million contract for long-lead-time material and production engineering for expeditionary fast transport 13. -
Rockwell Collins wins bid for Navy aircraft repair2018-10-18 17:35:47
Rockwell Collins Inc. was awarded a $7 million contract by the U.S. Navy to repair aircraft navigation and communication items KC-130J, H-1, E-2C, P- -
Sasol cuts output guidance, posts 75 percent advance in Louisiana2018-10-18 17:18:31
South Africa's Sasol cut its production guidance at its coal-to-liquids Secunda Synfuels plant and reported a 75 percent advance in its Louisiana, U -
CACI awarded $174M by U.S. Navy for tech support2018-10-18 16:36:48
CACI has been contracted by the U.S. Navy to handle tech services for its Manpower, Personnel, Training and Education -
BP's Thunder Horse expansion to add 30,000 barrels oil equivalent daily2018-10-18 16:27:29
BP started up its Thunder Horse expansion four months ahead of schedule and will at peak add 30,000 barrels oil equivalent daily to its Gulf of Mexic -
Brazilian biomass-powered electricity expands 11 percent over last year2018-10-18 14:47:19
The Brazilian production of electricity from biomass, mostly produced from sugar cane material and then fed into the country's power grid, has incre
Christian Science Monitor |
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A 'Trump doctrine' on trade? He's anti-globalist but still wants deals.2018-10-04 12:25:03
President Trump cut a trade deal with South Korea and now one with Mexico and Canada. With Japan or Europe possibly next, some patterns are emerging. -
Hotels try out home-sharing to compete with Airbnb and the gig economy2018-10-04 12:25:03
As Airbnb grows around the world, hotels have recognized that some travelers prefer the personal touches of a home over a cookie-cutter hotel room. Th -
As hiring tightens, Amazon hikes minimum wage to $15 an hour2018-10-04 12:25:03
In response to a more competitive hiring process, Amazon has raised hourly wages for 350,000 workers across the United States. Recent figures show&nbs -
Behind tariff chaos, a world rethinking trade ties2018-10-04 12:25:03
Will President Trump's "America First" make America last in the world of trade? Hardly. But a move by China this week signals how other nation -
SEC's complaint against Elon Musk reveals the risk of tweets2018-10-04 12:25:03
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Can that iPhone be fixed? Consumers seek the ‘right to repair.’2018-10-04 12:25:03
In a throwaway culture of increasingly complex goods – from smartphones to tractors – a battle pits consumer freedom against manufacturer -
With an eye on rising rents, cities start to regulate Airbnb2018-10-04 12:25:03
Does the home-sharing website Airbnb feed a shortage of long-term rental housing? We look at the gig economy balance of small-business freedom and gov -
For US manufacturers, tariffs offer little chance of past productivity2018-10-04 12:25:03
President Trump has levied tariffs on billions of dollars of Chinese goods in a bid to protect American industries. But many producers know the policy -
Cities battle their states over paid sick leave policy2018-10-04 12:25:03
Since 2015, more than 20 cities have approved measures requiring companies to provide workers with paid sick leave. But opposition on the state-level -
Ten years later: Are we readier to counter a Lehman-style crash?2018-10-04 12:25:03
The financial crisis resulted in a deep recession. We wondered: Has it also prompted economists to change their views on how crises happen? -
Ten years after banking crisis, Americans still feel ripples2018-10-04 12:25:03
The financial crisis that erupted 10 years ago is a reminder of linkages and interdependence. Global investors became the spark, yet lasting impacts s -
Beyond Alex Jones: Twitter and Facebook face heat over alleged bias2018-10-04 12:25:03
Conservative complaints of biased social media giants have reached a crescendo. Are Twitter and Facebook faltering on the task of balancing free
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#MeToo impact: M J Akbar steps down amid sexual harassment allegations2018-10-17 14:06:00
The BJP finally decided it could not continue to be brazen in ignoring the allegations -
Facebook investors back proposal to oust Mark Zuckerberg as chairman2018-10-17 13:30:00
Facebook did not immediately respond to a request for comment -
Reliance Industries halts imports of Iranian crude ahead of US sanctions2018-10-17 12:50:00
Reliance, an Indian conglomerate controlled by billionaire Mukesh Ambani, has significant exposure to the U.S. financial system, where it operates som -
Sebi directs Singh brothers, 8 others to repay Rs 4 bn to Fortis Healthcare2018-10-17 12:18:00
Sebi has also ordered these 10 entities, which includes Religare Finvest and Fortis Hospitals, not to dispose of any of their assets without its prior -
RIL to buy majority stakes in Den Networks, Hathway Cable for Rs 52.3 bn2018-10-17 09:50:00
It will make a primary investment of Rs 29.40 billion through a preferential issue for a 51.3 per cent stake in Hathway -
Reliance Industries clocks record quarterly net profit of Rs 95.16 bn in Q22018-10-17 09:34:00
RIL also announced the acquisition of a majority stake in Hathway and DEN Networks -
Sabarimala temple opens amid protests over Supreme Court verdict2018-10-17 09:30:00
This is for the first time that the hill temple, located in the evergreen forests of Western Ghats, opened after the apex court lifted the ban on mens -
How can Elon Musk make money? Analysts answer after tearing apart Tesla car2018-10-17 08:41:00
Tesla has the advantage when it comes to knowledge from Silicon Valley that other carmakers don't have -
India Inc's job creation moderates to 3.8% from 4.2% in FY18: Care Ratings2018-10-17 08:30:00
The moderation in employment growth is "reflective of the proposition that higher economic growth is weakly translating into higher job creation" -
ArcelorMittal to pay Rs 74.69 bn to creditors of Uttam Galva, KSS Petron2018-10-17 08:16:00
Around 80 per cent of the Rs 74.69 billion the firm pays would go towards meeting the dues of Uttam Galva. The balance would be for KSS Petron -
IT firms' buybacks impeding their future business investments: Moody's2018-10-17 07:00:00
According to the agency, TCS and Infosys have cash balances of $6.6 billion and $4.4 billion -
PNB scam: ED seizes over Rs 2.18-bn assets of absconding Choksi, others2018-10-17 06:50:00
The total value of the attached and seized assets is Rs 2.18 billion
Business
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How America’s car industry is coping with trade disputes2018-10-17 12:41:12
A tour of car country reveals anxiety across automotive supply chains -
Fiat Chrysler appoints a new boss2018-10-17 12:41:12
Mike Manley has a tough act to follow -
Europe’s transport unions are growing in strength2018-10-17 12:41:12
That is good news for pilots and drivers, but less so for everyone else -
More staff training is vital2018-10-17 12:41:12
Companies must overcome skill shortages -
China’s grip on electronics manufacturing will be hard to break2018-10-17 12:41:12
Will the supply chain bifurcate, between East and West? -
YouTube is fighting for a slice of the premium-video market2018-10-17 12:41:12
But first, it needs a game plan -
Competition is hotting up in the coffee industry2018-10-17 12:41:12
A deal between Illy and JAB is the latest sign -
Elon Musk has reinvigorated the American public company2018-10-17 12:41:12
But his plan to take Tesla private may well flop -
The social network shuts down in disgrace2018-10-17 12:41:12
Avoiding bad publicity is, well, bad publicity -
Tech firms are suddenly the corporate world’s biggest investors2018-10-17 12:41:12
Apple’s new headquarters has created 13,000 new construction jobs -
Minds do matter2018-10-17 12:41:12
There is more acceptance of mental-health issues at work -
Dara Khosrowshahi’s first year at Uber2018-10-17 12:41:12
He has not yet steered the ride-hailing giant fully on course
