Economy

HP declines Xerox's $45.6 billion offer to buy the company

HP declines Xerox's $45.6 billion offer to buy the company

As part of a letter sent to John Visentin, Xerox CEO and vice chairman, HP's board also added that the company has "great confidence in our strategy and our ability to execute to continue driving su...

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Emirates signs order for 50 Airbus A350

Emirates signs order for 50 Airbus A350

The Airbus order, announced at a hastily-convened news conference after last-minute negotiations, will be used to help re-shape the Emirates fleet as the airline adjusts to a slowing regional market a...

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Black Eyed Peas star accuses Qantas attendant of racism

The airline initially said over the weekend that it would be "following up with will.i.am and wish him well for the rest of the tour". He then named the flight attendant in a tweet and said she "was...

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Lawsuit: Burger King fake meat prep violates vegan rights

Lawsuit: Burger King fake meat prep violates vegan rights

The suit seek damages for all U.S. purchasers of the Impossible Whooper and an injunction that would require the burger giant to disclose that the plant-based burgers are cooked on the same grills as ...

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Chick-Fil-A Vows To Stop Donating To Anti-LGBTQ Organizations

Chick-Fil-A Vows To Stop Donating To Anti-LGBTQ Organizations

Tim Tassopoulos, the president and COO of Chick-fil-A, added that "no organization will be excluded from future consideration - faith-based or non-faith-based". "Chick-fil-A investors, employees, and ...

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WeWork set to axe 4000 jobs

WeWork set to axe 4000 jobs

The cuts are expected to affect WeWork's global business, which spans 123 cities, as the company faces the repercussions of a breakneck-growth strategy that has sent losses spiralling. WeWork rents ...

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Ford: New Mustang Mach-E 'strikes like forked lightning'

Ford: New Mustang Mach-E 'strikes like forked lightning'

The Mach E comes with a starting price of $43,895 and is offered in a number of configurations. They expect Mach-E buyers will be able to get that full tax credit for at least the first year it's av...

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Bill Gates Regains World’s Richest Person’s Title From Jeff Bezos

Bill Gates Regains World’s Richest Person’s Title From Jeff Bezos

Over the course of almost two decades, Gates has shifted his focus from personal computers to philanthropy. Bill Gates officially surpassed Amazon CEO Jeff Bezos as the world's richest person on E...

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Google Cuts Down Weekly Company Meetings Due To Leaking Information

Google's weekly town halls, internally known as "TGIF" meetings, where staff can communicate with upper management, have been cut short after a series of leaks regarding the corporation's technology....

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WhatsApp Says User Data Not Affected by New MP4 File Security Vulnerability

WhatsApp Says User Data Not Affected by New MP4 File Security Vulnerability

A remote attacker could exploit this vulnerability by sending a special crafted MP4 file to the target system. It executes o downloading of a malicious crafted MP4 file on the receiver's system. In Oc...

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Yahoo Japan and Line Corp confirm merger agreement

Yahoo Japan and Line Corp confirm merger agreement

Z Holdings will continue to be a consolidated subsidiary of SoftBank. Following the acquisition, SoftBank and Naver will turn Line into a 50-50 joint venture with Z Holdings under its umbrella. Line h...

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HP turns down $33 billion takeover bid from Xerox

HP turns down $33 billion takeover bid from Xerox

Its board also said it had "significant questions" about the trajectory of Xerox's business and prospects, particularly given a recent decline in its revenue. "In addition, we believe it is critical t...

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Recreational Marijuana Sales In Michigan Launch In December

Recreational Marijuana Sales In Michigan Launch In December

Recreational marijuana is unlikely to available on a widespread basis in MI until licensed growers can harvest the first crop, possibly in March or April. To make sure medical marijuana patients conti...

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Google-Oracle copyright fight is headed to the Supreme Court

Google-Oracle copyright fight is headed to the Supreme Court

Oracle is demanding damages of $8.8 billion from Google, a sum that dwarfs the current $1.3 billion record for a copyright infringement case, in which Oracle was also the plaintiff . Now, following ...

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Aramco declares US$1.71 trillion valuation in blockbuster IPO

Aramco declares US$1.71 trillion valuation in blockbuster IPO

The company has published an updated prospectus for its initial public offering (IPO), seeking more than $25bn for the sale of 1.5% of its shares. Saudi Aramco also intends to buy $1 billion worth o...

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OPEC+ faces major challenge from competitors surging output: IEA

OPEC+ faces major challenge from competitors surging output: IEA

This is the most the country has produced since December a year ago, according to its own data. On July 2, 2019, a decision was made in Vienna to extend the agreement on reducing oil production by O...

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Test flights leave Qantas boss seeing bright future for Sunrise

Test flights leave Qantas boss seeing bright future for Sunrise

The findings from all three research flights will be used to inform future service and product design, aimed at increasing wellbeing and comfort during travel on long-haul flights - in particular the ...

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Australia clears Mengniu purchase of Bellamy's, with conditions

Australia clears Mengniu purchase of Bellamy's, with conditions

In reviewing the application the Treasurer has imposed enforceable conditions on China Mengniu's acquisition of Bellamy's to ensure that this acquisition is not contrary to the national interest. Op...

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Consumer Reports finds vehicle redesigns come with glitches - 47abc

Consumer Reports finds vehicle redesigns come with glitches - 47abc

The report on the Model 3 and the Model S also notes that the vehicles have consistently scored well on the Consumer Reports road tests, but that the annual surveys "sometimes have shown inconsisten...

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Bill Gates tops Jeff Bezos as world’s richest person with Amazon slide

Bill Gates tops Jeff Bezos as world’s richest person with Amazon slide

It's the first time Gates has held the top spot in over two years, according to CNN. Since then, Microsoft shares have climbed 4%, resulting in a $110 billion fortune to Gates, according to the Blo...

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Instagram takes the private like counts test global

Instagram takes the private like counts test global

Only then can I see who liked my photo, and the total number of likes. Early this week, the test was expanded to the United States and now it is rolling worldwide. This is perhaps the final step of te...

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US stocks close mixed after trading low

US stocks close mixed after trading low

The critical issues right now appear to be how much China will spend on USA farm products and when and how tariffs imposed earlier this year and potentially increased next month will be rescinded. Aus...

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USA stocks close higher amid trade optimism, data

USA stocks close higher amid trade optimism, data

And the data outlined the continued struggles of the U.S. manufacturing sector, which was hit hard by a nationwide strike at General Motors amid a general decline this year due to Mr Trump's trade con...

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Canopy Growth's revenues, earnings tumble on weak cannabis sales

Canopy Growth's revenues, earnings tumble on weak cannabis sales

Alberta, which has the most successful retail system in the country, has more than 300 licensed private cannabis providers for just 4.37 million people. However, Zekulin said he's confident the charge...

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Germany avoids recession, defying predictions

Germany avoids recession, defying predictions

Gross domestic product (GDP) in Germany increased by 0.1 percent in the third quarter (Q3) compared to the previous quarter, the Federal Statistical Office ( Destatis ) announced on Thursday. Germany'...

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A look inside Qantas' London-Sydney test flight

A look inside Qantas' London-Sydney test flight

The airline has re-purposed the delivery flights of three brand new 787 Dreamliner aircraft, which would otherwise ferry empty from Seattle to Australia. Passengers and crew are monitored seven days...

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Alibaba's Singles' Day rakes in record $38.4bn

Alibaba's Singles' Day rakes in record $38.4bn

The success of the "Double 11" shopping spree relies on the success of China's domestic consumption which has given Alibaba huge confidence and business opportunities, said Ma, adding that the finan...

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Exposed currencies make modest gains on Kudlow's China deal comments

Exposed currencies make modest gains on Kudlow's China deal comments

White House economic adviser Larry Kudlow on China trade negotiations. On Friday, the 15th of November 2019, a basket of global stock exchanges posted robust gains, while safe-haven assets such as...

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Fire danger causes Nissan to recall over 394000 vehicles

Fire danger causes Nissan to recall over 394000 vehicles

Nissan is recalling 394,025 vehicles due to a fire risk. The recall covers the Nissan Murano SUV from 2015 through 2018, and Maxima sedans from 2016 through 2018. Owners will get a second notice...

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China October industrial output up 4.7% as investment growth hits record low

China October industrial output up 4.7% as investment growth hits record low

China's economy showed further signs of strain on Thursday with data showing a sharp slowdown in consumer spending and factory production, while investment growth hit a record low as the trade war wit...

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Supreme Court clears path for ArcelorMittal to acquire bankrupt Essar Steel

Supreme Court clears path for ArcelorMittal to acquire bankrupt Essar Steel

As of July, total debt in the Essar Steel case had inflated to ₹69,192 crore following fresh claims by some operational creditors, the court had said. The bench clarified that financial creditors enjo...

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Vodafone Idea at risk of 'imminent bankruptcy': ICICI Sec

Vodafone Idea at risk of 'imminent bankruptcy': ICICI Sec

Gross debt on Vodafone Idea as of September 30, 2019 was Rs 1,17,300 crore including deferred spectrum payment obligations of Rs 89,170 crore to the government. Meanwhile, Sitharaman said the govern...

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Confirmed: Ford EV Crossover Named Mustang Mach-E

Confirmed: Ford EV Crossover Named Mustang Mach-E

The Mustang Mach E is yet to be confirmed for sale in New Zealand, with the local arm saying "details for New Zealand, including arrival, spec, pricing and reservations are still to be confirmed"....

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Oil Futures End Lower As Crude Stockpiles Rise

Oil Futures End Lower As Crude Stockpiles Rise

The oil price (WTI) reacted in the first moments after the announcement with -24 cents to 57.33 Dollars. Distillate stockpiles , which include diesel and heating oil, fell by 2.5 million barrels in...

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New Brunswick's unemployment rate drops, but province loses 1,200 jobs

New Brunswick's unemployment rate drops, but province loses 1,200 jobs

Thomas, Strathroy, and other surrounding communities, fell to 6.2 per cent in October from 6.5 per cent in September. "We, however, don't put too much stock in the above-4 per cent wage reading, giv...

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