Economy

Wetherspoons boss blasts corporate governance system and institutional shareholders

Wetherspoon's spent almost £95,000 on pro-Leave beermats, posters and booklets during the 2016 referendum campaign. Wetherspoon was criticised by advice firms - which influence the voting decisions ...

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U.S. chickens headed to China after Beijing lifts 5-year ban

U.S. chickens headed to China after Beijing lifts 5-year ban

Department of Agriculture. China is lifting a five-year ban on USA poultry, a goodwill gesture at a time when the world's two biggest economies are trying to finalize a tentative trade deal . Sep...

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Facebook Says It Has Shut Down 5.4 Billion Fake Accounts This Year

Facebook Says It Has Shut Down 5.4 Billion Fake Accounts This Year

The disclosure highlights the scale of the challenge before Facebook as it prepares for a high-stakes election season in the United States, as well as the 2020 U.S. Instagram removed 92.2% of terroris...

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Tesla picks Germany for European plant

Tesla picks Germany for European plant

The factory will produce "batteries, powertrains & vehicles", starting with the upcoming Model Y crossover . While Tesla will be taking on BMW , Mercedes and Volkswagen on their home turf as th...

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Popeyes Employees Make Chicken Sandwiches Over Garbage

Popeyes Employees Make Chicken Sandwiches Over Garbage

He claims that on the day in question, the restaurant-having recently opened only days prior-suddenly received an order for 100 chicken sandwiches, leaving staff overwhelmed. Merdinger ate the spicy s...

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Fed chairman Powell provokes Trump with warning on 'unsustainable' government debt

Fed chairman Powell provokes Trump with warning on 'unsustainable' government debt

Sal Guatieri, a senior economist at BMO Economics, says Powell "stayed true to the patience script" by indicating that that the Fed's key policy rate is likely to remain unchanged for an extended peri...

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Nissan posts 70% Q2 profit slump, slashes full-year outlook

Nissan posts 70% Q2 profit slump, slashes full-year outlook

Nissan shares , down 19% this year, closed up 1% at 714.5 yen before the results announcement, Reuters reported. That compared with a mean forecast of 47.48 billion yen from nine analyst estimates...

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Facebook Pay will let you send money on Messenger, WhatsApp and Instagram

Facebook Pay will let you send money on Messenger, WhatsApp and Instagram

As time goes on the company plans to bring Facebook Pay to more people and places, including for use across Instagram and WhatsApp. Last night, Facebook launched its new payment service call...

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Reserve Bank holds Official Cash Rate steady at 1 percent

Reserve Bank holds Official Cash Rate steady at 1 percent

The Reserve Bank of New Zealand said aggressive easing earlier this year meant current settings were appropriate, but left the door open for more stimulus. President Donald Trump in which he threate...

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UK CPI inflation falls to lowest level in two years at 1.5%

UK CPI inflation falls to lowest level in two years at 1.5%

The target is set within a band of +/- 2 per cent. Workers are seen in the More London district, with the Tower Bridge in the background, during the morning rush hour in London, Britain, September 2...

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Costco $75 coupon? It’s a fake, company says

Costco $75 coupon? It’s a fake, company says

Costco is warning of a scam coupon that is being spread across social media. Customers shop at a Costco store in this December 12, 2018 file image in Chicago. "Why does anyone beleive [sic] this stu...

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Elon Musk: Berlin 'gigafactory' will build Teslas starting with the Model Y

Musk, who said in June past year that Germany was the frontrunner for Tesla's first plant in Europe, told the awards ceremony on Tuesday that the factory would be near the city's new Brandenburg w...

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Nike will stop selling directly on Amazon, ending pilot program

Nike will stop selling directly on Amazon, ending pilot program

Nike will end a long-term pilot program with Amazon where it sold a limited assortment of products through the e-commerce giant's platform, the company said on Tuesday. Many see Donahoe's hiring as a ...

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New McLaren Elva revealed as 600 kW roadster ... with no windows!

New McLaren Elva revealed as 600 kW roadster ... with no windows!

Well, the firm says it serves to celebrate the Bruce McLaren-designed M1A and McLaren-Elva M1A, M1B and M1C of the 1960s. After all, there's no roof, windows or windscreen here while the doors are McL...

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Zimbabweans queue as central bank releases $30mn into market

Zimbabweans queue as central bank releases $30mn into market

Zimbabwe's much-anticipated new banknotes eventually reached banks on Tuesday after a delay that saw many waiting in long queues for cash. Since the country scrapped its own currency in 2009, Zimba...

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Dean Foods, No. 1 milk company, declares bankruptcy amid drop in demand

Dean Foods, No. 1 milk company, declares bankruptcy amid drop in demand

In May of 2013, Dean Foods distributed all but 19.9% of the WhiteWave stock it still owned. Davis Polk & Wardwell and Norton Rose Fulbright are serving as legal advisors to Dean Foods, while Everc...

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Skoda unveils new-generation Octavia sedan

Skoda unveils new-generation Octavia sedan

The fourth-generation model comes with a sportier look while packing several hi-tech features like built-in voice assistant and eSIM support as well as the model's first plug-in hybrid powertrain. T...

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Huawei to give staff $286m bonus for helping ride out USA curbs

Huawei to give staff $286m bonus for helping ride out USA curbs

Some 90,000 employees will share a 2 billion yuan ($285 million) bonus, or about 22,000 yuan ($3,100) each, according to a company announcement circulated Tuesday on social media. Huawei can keep usin...

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India's Sept industrial output falls at the fastest pace in six years

India's Sept industrial output falls at the fastest pace in six years

Industrial output had turned negative in August, crashing to an 81-month low, with across the board contractions reducing output by 1.4 per cent. The contraction was largely due to the underperformanc...

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Saudi Arabia to offer 0.5% for public shares in Aramco

Saudi Arabia to offer 0.5% for public shares in Aramco

The September attacks on Aramco's biggest oil plant, which closed off about 5 percent of global distribution, raised concerns regarding the vulnerability of Aramco's oil field plants and exports amid ...

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Greggs' 2019 profits to be higher than expected

Greggs' 2019 profits to be higher than expected

The firm, which has more than 2,000 outlets throughout the United Kingdom and has been opening more stores in out-of-town sites, said it now anticipates "2019 full-year profit before tax (excluding ex...

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Waterloo's OpenText to buy cloud-focused Carbonite Inc. for $1.42 billion

Waterloo's OpenText to buy cloud-focused Carbonite Inc. for $1.42 billion

Carbonite will deliver 300,000 SMB customers and 7 million prosumers to OpenText . Ladenburg Thalmann Financial Services Inc.'s holdings in Carbonite were worth $267,000 at the end of the most rec...

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Saudi Aramco IPO prospectus projects oil demand to increase in 20 Years

Saudi Aramco IPO prospectus projects oil demand to increase in 20 Years

For now, the listing will be on Tadawul only, with the worldwide one planned for a few years later, according to comments from Riyadh officials. "Aramco IPO is an opportunity that shouldn't be misse...

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In the U.S. the man at McDonald's poured in green tea drugs

In the U.S. the man at McDonald's poured in green tea drugs

Parrish Brown now believes he stumbled upon a secret drug code, when ordering "extra lemon" with his iced tea. Because he's never dabbled in cannabis he didn't recognize an off-taste. Brown said his...

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Britain narrowly avoids recession with slight Q3 economic growth

Britain narrowly avoids recession with slight Q3 economic growth

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 the same period in 2018. The Institute of ...

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Woz: Apple should 'share responsibility' for sexist Apple Card

Woz: Apple should 'share responsibility' for sexist Apple Card

That said , Goldman is looking at letting customers share their Apple Cards with other family members, the bank added. Hansson wrote that after reaching out to Apple in an attempt to rectify the ...

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China's Jingye Group in talks to buy British Steel

China's Jingye Group in talks to buy British Steel

China's Hebei-based Jingye Group specialises in iron and steel, but has investments in tourism, hotels and real estate. "However, there have been a series of false dawns in finding a buyer for Brit...

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Moody's cuts India's outlook to 'negative,' citing rising growth risks

Moody's cuts India's outlook to 'negative,' citing rising growth risks

Moody's had said that the outlook partly reflected government and policy ineffectiveness in addressing economic weakness, which led to an increase in debt burden which is already at high levels. Howev...

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YouTube could delete your account if you’re not ‘commercially viable’

YouTube could delete your account if you’re not ‘commercially viable’

The phrasing is broad enough that some people think this means Google will take action against people using adblockers. I'm personally not sure if that's the case. The platform began reaching out ...

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Uber CEO calls Khashoggi killing a 'mistake', then backtracks

Uber CEO calls Khashoggi killing a 'mistake', then backtracks

In an interview with Axios , Dara Khosrowshahi claimed "people make mistakes" when discussing the assassination and said "it doesn't mean they can never be forgiven". By Monday morning, #BoycottUb...

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WeWork Eyeing T-Mobile's John Legere for CEO Position

WeWork Eyeing T-Mobile's John Legere for CEO Position

The Wall Street Journal reported Monday that the beleaguered co-working giant is "in discussions" with Legere to lead the company. Shares of Sprint also fell as much as 3.68% on the news. In an in...

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Plane slides off runway at Chicago O’Hare during winter weather

Plane slides off runway at Chicago O’Hare during winter weather

A plane coming from North Carolina slid off a runway when it touched down in IL, officials say. 'Tis the season. for winter weather to start wreaking havoc on airports across America, and a flight...

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Wall Street opens lower as Trump, Hong Kong sour mood

Wall Street opens lower as Trump, Hong Kong sour mood

While Hong Kong led losses in the region, other major Asian markets were all down Monday as investors also tried to make sense of the muddled state of US-China trade relations . "I haven't agreed t...

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Amazon plans to launch a new supermarket brand separate from Whole Foods

Amazon plans to launch a new supermarket brand separate from Whole Foods

We are passionate about creating a shopping experience that customers will love. The Wall Street Journal previously reported that Amazon signed leases for more than a dozen sites in the Los Ange...

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Musk vs. Einhorn gets more interesting - Tesla, Inc. (NASDAQ:TSLA)

Musk vs. Einhorn gets more interesting - Tesla, Inc. (NASDAQ:TSLA)

Upon learning the news, Musk sent Einhorn an open letter on Twitter, addressing the Tesla disbeliever as "Mr. Unicorn" and himself as "Treelon Musk". The war of words kicked off after Einhorn's he...

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