Apple leapfrogs Saudi Aramco now world's biggest company
Friday, July 31, 2020
Apple leapfrogs Saudi Aramco now world's biggest company
Apple leapfrogs Saudi Aramco now world's biggest company
What is CFIUS?
What is CFIUS?
The committee, headed by the Treasury Secretary, includes the departments of defense, justice, state, energy, commerce, homeland security, the U.S. Trade Representative and the White House Office of Science and Technology Policy.
Trump accuses Democrats of 'holding back' ready-to-be-sent stimulus checks
Trump accuses Democrats of 'holding back' ready-to-be-sent stimulus checks
Lawmakers are in the midst of negotiating another stimulus package.
Coronavirus: More than half of furloughed staff 'back at work'
A think tank suggests 4.5 million are currently furloughed as employers begin contributions today.
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How basketball could revive African economies
NBA Africa is looking to launch the African Basketball League in order to boost the economy.
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Fed isn't changing rates for a long time: Rick Rieder
Fed isn't changing rates for a long time: Rick Rieder
BlackRock global fixed income CIO Rick Rieder says the Federal Reserve isn't going to touch the interest rates for a very long time and believes they're going to grow the size of their balance sheet. He later discusses the possible economic recovery in the second half of the year, how the American markets are reacting to coronavirus and big tech stocks.
How AI can speed up clinical trials
How AI can speed up clinical trials
AI technology essentially does three things for the clinical trial process: Makes it faster, more reliable and more secure.
Job-hunting: 'I apply everywhere - few firms reply'
The pandemic has created a desperate hunt for jobs in an increasingly competitive market.
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Jet2 to refund customers returning early from Spain
The airline says it will refund cancelled return flights from Spain and unused holiday dates.
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BA staff and plane fanatics hunt for 747 souvenirs
The retirement of British Airways' fleet of 747s has triggered a bout of nostalgia from its fans.
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Big tech changing economy 'right before our eyes': BlackRock Global Fixed Income CIO
Big tech changing economy 'right before our eyes': BlackRock Global Fixed Income CIO
BlackRock Global Fixed Income CIO Rick Rieder on technology's impact on the economy, the Fed keeping rates low and global economic growth.
Some Facebook ad boycotters return — but plenty of big players are staying away
Some Facebook ad boycotters return — but plenty of big players are staying away
Some advertisers who boycotted Facebook in July are not placing their ads on the platform any time soon.
Parler CEO: Twitter, Facebook ‘contestable’
Parler CEO: Twitter, Facebook ‘contestable’
Parler CEO John Matze provides insight into Congress’ crackdown on big tech.
Twitter links hack to phone-based phishing attack
Twitter links hack to phone-based phishing attack
Twitter has linked an attack that affected 130 accounts, including those belonging to a number of high-profile people, to a phone-based phishing attack.
China-backed hackers targeted Moderna to steal coronavirus research, says US security official
China-backed hackers targeted Moderna to steal coronavirus research, says US security official
Chinese government-linked hackers targeted biotech company Moderna Inc, a U.S.-based coronavirus vaccine research developer, this year in a bid to steal data, according to a U.S. security official tracking Chinese hacking.
Nokia profit up despite pandemic as new CEO takes over
Nokia profit up despite pandemic as new CEO takes over
Friday marked the last day as a CEO for Rajeev Suri, a Nokia veteran of 25 years
Holiday firm Tui extends suspension of trips to Spain
The tour firm cancels trips to Spain until mid-August but adds more holidays to Greece and Turkey.
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House prices bounced back in July, says Nationwide
Pent-up demand and the stamp duty holiday boosted prices, but Nationwide warns it could be a false dawn.
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Spanish economy feels pain of coronavirus
France and Italy also see double-digit contractions as the pandemic hits growth across Europe.
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Kylie and Kendall Jenner endorsed 'knock-off' Apple products on Instagram
They promoted AirPods clones, whose design may be in breach of Apple's intellectual property rights.
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Can 'Super Rishi' save the economy from Covid-19?
Will Rishi Sunak's £190bn superpower be enough to counter the economic effects of coronavirus?
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Coronavirus: Why some people want to keep working from home
Office workers in England can soon go back to their desks - but many want to keep working remotely.
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China's manufacturing improves in July, exports strengthen
China's manufacturing improves in July, exports strengthen
China was the first economy to shut down to fight the virus and the first to try to revive business
British Airways owner IAG says recovery will not be before 2023
IAG group says recovery will take at least three years as it announces plans to raise billions in new funds.
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NatWest slumps to loss on bad loan provision
The bank has put aside another £2.1bn, expecting more defaults on loans because of the pandemic.
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Thursday, July 30, 2020
Universal Credit 'failing millions of people', say peers
Lords blame the design of the benefit payment for "soaring rent arrears and use of food banks".
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Burberry and Tencent team up for concept stores
The luxury British retailer and China's tech giant have joined forces amid growing national tensions.
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Australia to force Facebook, Google to pay media companies for content
Australia to force Facebook, Google to pay media companies for content
U.S. social media and search giants would be required to negotiate with Australian media companies to use their content
VW asks U.S. appeals court to reconsider ruling on diesel emissions updates
VW asks U.S. appeals court to reconsider ruling on diesel emissions updates
Volkswagen Group of America said the ruling, if upheld, could have sweeping ramifications for the U.S. auto industry.
Amazon gains strength as coronavirus boosts shopping, cloud services
Amazon gains strength as coronavirus boosts shopping, cloud services
Amazon.com Inc. said sales and profits soared in the second quarter as shoppers inundated the company’s site with orders and employees working from home around the world powered growth in its cloud-computing unit.
Ford posts profit, but expects full-year 2020 loss
Ford posts profit, but expects full-year 2020 loss
The better-than-expected results and earnings outlook sent Ford’s shares up 4% in after-market trading.
Coronavirus: 'Chancellor must protect' jobs of those shielding
Charities are calling on the chancellor to protect the jobs of workers who have been shielding.
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The sweet smell of success: How Bulgaria took the lead in lavender
Lavender is used for cosmetics, fragrances and even, with the help of bees, to make honey.
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from BBC News - Business https://ift.tt/30WPrn2
White House salaries: Who makes what?
White House salaries: Who makes what?
Here are the salaries of some of the administration's most recognizable staffers.
Varney: Biden VP pick would be most powerful in generations
Varney: Biden VP pick would be most powerful in generations
Never has the choice of a running mate been so important.
Virgin Atlantic faces enforcement action over refund delays
The aviation regulator may use legal powers to ensure airlines refund consumers for cancelled flights.
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Banknotes: More than £24.5bn of £20, £10 and £5 notes not returned
The Bank of England says the impact of Covid-19 on spending has affected the return rates.
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Car dealer Pendragon to close 15 branches and cut 1,800 jobs
Pendragon, which owns Evans Halshaw, said it needed to ensure the "long-term health" of the company.
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Vue announces phased reopening date for cinemas
The chain says its now ready to welcome back customers to some of its venues from 7 August.
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Holiday firm Tui to shut 166 High Street shops
The UK's largest tour operator says the move is partly down to more people booking online.
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Argos axes its catalogue after 48 years
The retailer says it will remove the last of its catalogues from stores by the end of the year.
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Lloyds profits wiped out as bank warns about economic outlook
Britain's biggest retail bank sees profits wiped out as it sets aside another £2.4bn for possible bad loans.
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German economy suffers sharpest decline on record
The economy shrank by 10.1% in the April-to-June period, official figures show.
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Training your brain to relax on a virtual island
A headset that can measure your brain's reaction to images could improve mental health.
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Redundancy pay to be protected for furloughed workers
Furloughed workers losing their jobs will be eligible for redundancy pay based on their normal wages.
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'Coronavirus has delayed my career prospects'
The government can retrain and support people, but are there the jobs to provide employment?
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2020's final Mars mission poised for blastoff from Florida
2020's final Mars mission poised for blastoff from Florida
This unprecedented effort will involve multiple launches and spacecraft — and cost more than $8 billion
Standard Chartered profits take coronavirus hit
The bank, whose biggest market is Hong Kong, faces criticism for its stance on China's actions in the city.
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IBM partners with Japanese business, academia in quantum computing
IBM partners with Japanese business, academia in quantum computing
The "Quantum Innovation Initiative Consortium" will be based at the University of Tokyo
'I recorded fraudsters stealing my money'
Criminals are exploiting the coronavirus pandemic for gain, according to one leading investigator.
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from BBC News - Business https://ift.tt/3jVgNlS
Wednesday, July 29, 2020
Coronavirus: Samsung profits soar on work from home demand
The world's biggest producer of memory chips sees demand jump as data centres expanded during lockdowns.
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from BBC News - Business https://ift.tt/2P9ib6s
Donald Trump Jr.: Conservative viewpoints often ‘destroyed’ by social-media algorithms
Donald Trump Jr.: Conservative viewpoints often ‘destroyed’ by social-media algorithms
Author of ‘Liberal Privilege’ Donald Trump Jr. shares his thoughts on getting suspended by Twitter for posting a video about hydroxychloroquine, presumptive Democratic candidate Joe Biden and election polls ahead of November.
What is Amazon Employees for Climate Justice?
What is Amazon Employees for Climate Justice?
AECJ has said the corporation's climate pledge is not good enough.
UK car production slumps to lowest level since 1954
The SMMT trade group warns Brexit tariffs could deepen woes for a sector already in crisis.
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Offices could relocate to suburbs, survey suggests
Commercial property firms say there could be a high street revival as businesses exit city centres.
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How to ace a video interview
A job coach offers eight tips for performing your best during a video interview.
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Tuesday, July 28, 2020
Spirit Airlines says 20% to 30% of workers at risk of furloughs
Spirit Airlines says 20% to 30% of workers at risk of furloughs
Workers at risk of being furloughed include pilots and flight attendants
Facebook's Zuckerberg says his company is about American values
Facebook's Zuckerberg says his company is about American values
Zuckerberg will talk about the value Facebook has because it gives small businesses and entrepreneurs access to the tools needed to connect with customers
Coronavirus: Nissan shares fall 10% after record loss warning
Japan's second largest carmaker had already been struggling to cut costs and return to profitability.
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from BBC News - Business https://ift.tt/3hHLObh
Apple CEO Cook says his company is "uniquely American" with no "dominant market share"
Apple CEO Cook says his company is "uniquely American" with no "dominant market share"
The U.S. House Judiciary's Subcommitee on Antitrust, Commercial, and Administrative Law has released Apple CEO Tim Cook's prepared opening statement ahead of his testimony as part of an antitrust probe on Wednesday.
Amazon CEO Bezos will tell antitrust committee that big isn't bad
Amazon CEO Bezos will tell antitrust committee that big isn't bad
Jeff Bezos will tell a House Committee Wednesday that Amazon is a classic American company with an “obsessive customer focus” that employs more than a million people.
TikTok faces well-funded rivals, regulatory scrutiny in U.S.
TikTok faces well-funded rivals, regulatory scrutiny in U.S.
As the controversial social media company TikTok faces scrutiny from the U.S. government and possible closure, one of its chief rivals is wasting no time to try and overtake it by raising hundreds of millions of dollars and stealing users FOX Business has learned.
Coronavirus makes Bowdoin College provide iPads for students, staff
Coronavirus makes Bowdoin College provide iPads for students, staff
Bowdoin College, a private liberal arts institution located in Brunswick, Maine, has committed to supplying its students with iPad Pros while the number of coronavirus cases continue to rise in the U.S.
Virgin Galactic reveals spaceplane cabin ahead of passenger flights
Virgin Galactic reveals spaceplane cabin ahead of passenger flights
Virgin Galactic showed off the interiors of its passenger spaceflight vehicle the VSS Unity.
Rite Aid put facial recognition tech in 200 US stores
Rite Aid put facial recognition tech in 200 US stores
The retailer used a state-of-the-art system from a company with links to China.
Trump announces $765M governmental loan for Kodak to produce generic drugs
Trump announces $765M governmental loan for Kodak to produce generic drugs
President Trump says his administration’s deal with Kodak is one of the most important in the history of U.S. pharmaceuticals.
NASA picks astronauts for next SpaceX launch
NASA picks astronauts for next SpaceX launch
The astronauts will stay onboard the space station for approximately six months.
Amid TikTok controversy, rival Triller preparing for massive expansion: Report
Amid TikTok controversy, rival Triller preparing for massive expansion: Report
Sources tell FOX Business’ Charlie Gasparino social media app TikTok is exploring a possible sale or IPO to appease regulatory concerns about its Chinese ownership.
Coronavirus: Kodak pivots itself to become strategic drug maker
The former camera maker moves into drug making and secures a major loan from the US government.
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'Fix your bike' website crashes as scheme launches in England
Social media users complain they can't access the government website to get a £50 bike repair voucher.
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from BBC News - Business https://ift.tt/335fD1u
Starbucks coronavirus recovery begins as most stores reopen globally
Starbucks coronavirus recovery begins as most stores reopen globally
Shares of Starbucks have surged more than 5 percent in after-hours trading as 97 percent of its company-operated stores around the world have reopened, including 99 percent of stores in China and 96 percent in the United States.
Coronavirus vaccine could mean $15B 'windfall' for Pfizer: Report
Coronavirus vaccine could mean $15B 'windfall' for Pfizer: Report
The U.S. government has already put in an order for 100 million doses of an experimental COVID-19 vaccine being developed by Pfizer and BioNTech for $1.95 billion, with an option for 500 million more doses.
What are West Texas Intermediate crude oil's price records?
What are West Texas Intermediate crude oil's price records?
West Texas Intermediate crude oil is a global benchmark for oil prices.
Coronavirus: Business rescue package has 'delayed the inevitable'
Insolvencies slow during lockdown, but experts say the worst is yet to come.
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Staycation: 'I would if I could find somewhere'
Holiday rental firms and hotels are reporting unprecedented demand with accommodation filling up fast.
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from BBC News - Business https://ift.tt/2Dbmonw
Fraud: Banks reveal the 10 coronavirus scams to be wary of
Fraudsters are using Covid-19 as an excuse to prey on consumers' financial worries.
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Tech giants Facebook, Google, Apple and Amazon to face Congress
The bosses of Facebook, Google, Apple and Amazon are set to be grilled by Congress.
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'My first stall was a filing cabinet on wheels'
CEO Tom Mercer says he started his firm, MOMA Foods, using "a filing cabinet on wheels” as a stall.
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from BBC News - Business https://ift.tt/308qrd3
Saudi Hajj coronavirus curbs mean 'no work, no salary, nothing'
Covid-19 has hit the annual Hajj and with no international pilgrims, many firms both in Saudi and abroad are suffering.
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Selfridges: Staff cuts ‘toughest decision we've ever had to take’
Upmarket department store chain Selfridges is cutting 450 workers, 14% of its workforce.
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from BBC News - Business https://ift.tt/30Tasih
Big tech driving global economy, recovery during coronavirus: Deutsche Bank global head of tech strategy
Big tech driving global economy, recovery during coronavirus: Deutsche Bank global head of tech strategy
Deutsche Bank Global Head of Tech Strategy Apjit Walia on big tech CEOs meeting to testify on Capitol Hill and the importance of the industry on the market.
Facebook seeks to reel in TikTok creators, raising stakes in social-media rivalry
Facebook seeks to reel in TikTok creators, raising stakes in social-media rivalry
Facebook's Instagram is offering financial incentives to TikTok users to join its competitor app, Reels.
Keep furlough open to prevent 10% unemployment, says research
An economic research group says there is a risk the scheme is coming to an end prematurely.
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GOP HEALS Act: What’s inside the next stimulus proposal
GOP HEALS Act: What’s inside the next stimulus proposal
The legislation will target three key areas including jobs, health care and children.
’Outrageous’ car loan commission banned
Car loans that encourage dealers to increase interest rates to get extra commission are to be banned.
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from BBC News - Business https://ift.tt/2P1TSHx
Greggs sees 'encouraging' sales recovery
The bakery chain saw losses in the first half of 2020 but says sales are now 72% of last year's level.
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from BBC News - Business https://ift.tt/2DeCMU0
Google's new transatlantic data cable to land in Cornwall
The tech giant plans a new high-end transatlantic data cable to go from the US to Bude, in Cornwall.
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Stock futures trade cautiously ahead of earnings, Fed meeting
Stock futures trade cautiously ahead of earnings, Fed meeting
The Federal Reserve begins a two-day meeting on Tuesday
Gold pulls back after hitting another record
Gold pulls back after hitting another record
Gold has left other investments in the dust this year climbing nearly 27 percent
United tells two regional airlines it will continue contract with just one: union letter
United tells two regional airlines it will continue contract with just one: union letter
United has minority stakes in both companies, which bring passengers from smaller markets
Majority of U.S. House backs new bailout for U.S. passenger airlines
Majority of U.S. House backs new bailout for U.S. passenger airlines
The payroll program is set to expire Sept. 30
British Airways strike threat over job cut plan
The head of the trade union Unite warns the airline that it plans to move towards industrial action.
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from BBC News - Business https://ift.tt/3352Trt
Monday, July 27, 2020
Najib Razak: Former Malaysian PM guilty on all charges in corruption trial
Tuesday's verdicts centred on $10m transferred from a wealth fund to Najib Razak's private accounts.
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from BBC News - Business https://ift.tt/2BBQmk7
Coronavirus: Emirates covers Covid-19 medical and funeral costs
The world's biggest long-haul carrier is making the offer to get people flying again.
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Despite coronavirus, Louis Vuitton saw 'strong signs' of sales recovery in June
Despite coronavirus, Louis Vuitton saw 'strong signs' of sales recovery in June
The COVID-19 pandemic has made retail a tough road to navigate.
Goldman Sachs revamps employee reviews, opening door to greater job cuts
Goldman Sachs revamps employee reviews, opening door to greater job cuts
Goldman Sachs Group Inc is adopting a performance review system that will grade up to 10% of its 39,000 employees as under-performers this year, according to an internal memo sent on Monday, potentially leading to more job cuts in 2021 than the bank has made in recent years.
What is a death cross?
What is a death cross?
A death cross is a technical indicator that may signal further selling is coming.
DraftKings sinks as Miami Marlins coronavirus outbreak causes postponement of 2 MLB games
DraftKings sinks as Miami Marlins coronavirus outbreak causes postponement of 2 MLB games
DraftKings shares fell after at least 13 members of the Miami Marlins organization tested positive for COVID-19, resulting in the cancellation of two games and throwing the remainder of the baseball season into question.
Amazon takes on supermarkets with free food delivery
Same or next-day delivery will now be free for Prime subscribers in London on orders above £40.
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Men and women's working hours 'nearly equal'
A new study shows working hours are now almost evenly spilt but men get paid for more of their time.
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from BBC News - Business https://ift.tt/3jKiNxf
Coronavirus: Lockdown wipes £30bn from UK pubs and restaurants
Lockdown resulted in sales across the hospitality sector plummeting by almost 90% over three months.
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from BBC News - Business https://ift.tt/302Bgxq
'I started a fashion business from two suitcases'
From $800 of clothes in a suitcase to a ticket to Milan Fashion Week.
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from BBC News - Business https://ift.tt/2WV0mMv
Stocks gain as gold surges to record, Republicans prepare $1T coronavirus package
Stocks gain as gold surges to record, Republicans prepare $1T coronavirus package
U.S. equity markets rallied and gold hit a record high as Republicans readied a $1 trillion coroanvirus relief bill.
Orders for big-ticket manufactured goods jump 7.3% in June
Orders for big-ticket manufactured goods jump 7.3% in June
New orders for key U.S.-made capital goods increased more than expected in June and shipments accelerated, but the gains were likely insufficient to avert a historic plunge in business investment and the economy in the second quarter amid the COVID-19 pandemic.
Moderna launches coronavirus vaccine Phase 3 trial
Moderna launches coronavirus vaccine Phase 3 trial
Moderna anticipates enrolling 30,000 U.S. participants.
