Economy

FIS buying Worldpay for $35 billion

FIS buying Worldpay for $35 billion

FIS has over 20,000 clients in more than 130 countries and employs 52,000 people worldwide. US-based Fiserv bought payment processor First Data Corp in January for $22bn. That was 14% more than...

by · Economy
Starbucks is making a big change to its Rewards program

Starbucks is making a big change to its Rewards program

While the way customers collect points - or in this case, "Stars" - won't be changing drastically, the way customers can redeem their points at Starbucks will be different. Before, green-level membe...

by · Economy
Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

Stocks and oil touch 2019 highs; sterling wobbles, like Brexit

But trade news weighed on sentiment late in the NY trading session after Bloomberg News reported that some negotiators are anxious that China is pushing back against USA demands. "Yet there is a risk ...

by · Economy
Facebook settles with rights groups on ad discrimination

Facebook settles with rights groups on ad discrimination

The move is part of a legal settlement with plaintiffs that include the American Civil Liberties Union, the National Fair Housing Alliance and the Communication Workers of America (CWA). Advertisers...

by · Economy
Jet Airways crisis: Prabhu asks aviation secy to hold emergency meeting

Jet Airways crisis: Prabhu asks aviation secy to hold emergency meeting

The civil aviation ministry, which held an "emergency meeting" to discuss the crisis at the airline, has asked Jet Airways to avoid last-minute flight changes, keep its planes airworthy and take car...

by · Economy
Norwegian aluminum producer hit by cyberattack

Norwegian aluminum producer hit by cyberattack

The company also said the cyber-attack did not affect "people safety". The company shut several metal extrusion plants, which transform aluminum ingots into components for auto makers, builders an...

by · Economy
Roundup weed killer substantial factor in California man's cancer, jury rules

Roundup weed killer substantial factor in California man's cancer, jury rules

Tuesday's ruling follows another pivotal verdict against Monsanto in August, where the jury awarded terminal cancer patient Dewayne Johnson a staggering $ 289 million in damages after ruling that the...

by · Economy

The most expensive cities to live in the world

The trio of cities sharing the top spot is 7 per cent more expensive to live in than NY, according to the EIU, which compiles its list from a survey of 160 products and services across 93 countries. C...

by · Economy
Istanbul drops in rankings on most expensive cities list

Istanbul drops in rankings on most expensive cities list

Compared to a year ago, U.S. cities have generally "became more expensive globally" due to the strong dollar. Cities of Bengaluru-India's technology capital, the southern city of Chennai, and the co...

by · Economy
British Airways takes on rivals with private business-class door

British Airways takes on rivals with private business-class door

Each plane will feature 56 of the berths, plus the same number of premium economy seats - which get a new pillow, quilt and amenity kit - and 219 in economy. The A350s will be delivered at some point ...

by · Economy
Instagram announces new shopping checkout experience

Instagram announces new shopping checkout experience

Instagram has partnered with more than 20 brands including Adidas, H&M, Kylie Cosmetics and Michael Kors on the shopping feature, easing into territory more familiar to retail giants like Amazon.com ...

by · Economy
Coles, Aldi supermarkets to increase milk prices to support dairy farmers

Coles, Aldi supermarkets to increase milk prices to support dairy farmers

Coles, along with Aldi, is raising the price of its milk. Milk production may be 2% lower this summer compared to past year and various states have started giving a bonus of Rs 2-5 a litre to the fa...

by · Economy
Coca-Cola to fund recycling efforts in Kenya

Coca-Cola to fund recycling efforts in Kenya

The proposed analysis facilitates industry players to promptly target demands and preferences of their consumer and helps to gain the market competitive advantage by evaluating various groups of custo...

by · Economy
Intel to build the world’s first exascale computer in the US

Intel to build the world’s first exascale computer in the US

The contract for the exascale computer is valued at more than $500 million. To achieve the exascale performance, the Aurora supercomputer will use new silicon from Intel's data center business, incl...

by · Economy
New Poll: Alexandria Ocasio-Cortez unpopular among New Yorkers

New Poll: Alexandria Ocasio-Cortez unpopular among New Yorkers

Ocasio-Cortez was an outspoken critic of Amazon's move to Queens. "She is viewed slightly favorably in New York City but strongly unfavorably upstate and in the downstate suburbs", explained pollste...

by · Economy
SEC says Musk defense 'borders on the ridiculous'

SEC says Musk defense 'borders on the ridiculous'

But Musk didn't have the funding secured. As part of that settlement, Musk stepped down as the company's chairman and he and Tesla agreed to pay $20 million each in fines. The SEC said in Monday's...

by · Economy
Ford to cut more than 5,000 jobs in Germany, others in UK

Ford to cut more than 5,000 jobs in Germany, others in UK

A spokesman added that further measures, including potential job cuts, will be required across its European operation, but that they are still under development. Ford builds a large proportion of it...

by · Economy
Netflix confirms that it won't be part of Apple's new streaming platform

Netflix confirms that it won't be part of Apple's new streaming platform

Apple is set to hold a special event next week , where the company is expected to unveil a new video service . "Absolutely!" Ted Sarandos said Monday when asked whether his attitude toward the up...

by · Economy
London climbs world's most expensive cities rankings, although Paris takes top spot

London climbs world's most expensive cities rankings, although Paris takes top spot

Zurich and Geneva rounded out the top five, while NY and Los Angeles reclaimed spots in the top 10 - ranking in seventh and 10th respectively - after slipping to 13th and 14th previous year thanks to ...

by · Economy
Jet Airways suspends service to Abu Dhabi

Jet Airways suspends service to Abu Dhabi

Jet Airways Ltd said on Monday it has grounded four more planes and would delay paying interest on maturing debt in a fresh sign of deepening liquidity crisis engulfing the Indian carrier saddled wit...

by · Economy
Apple infringed three Qualcomm patents

Apple infringed three Qualcomm patents

The ruling is a big win for Qualcomm, which was awarded $1.41 (around £1.05 / AU$2) per device for the three patent infringements, amounting to a total of $31 million (roughly £23,368,000 / AU$43,606,...

by · Economy
Lyft's IPO valuation could be as high as $23 billion

Lyft's IPO valuation could be as high as $23 billion

The filing with the U.S. Securities & Exchange Commission puts Lyft further ahead in its race to go public with Uber Technologies Inc., the world's biggest ride-hailing company. The company's executiv...

by · Economy
OPEC to scrap April meeting but keep oil cuts in place

OPEC to scrap April meeting but keep oil cuts in place

His remarks come after on 7 December, participants of the OPEC-non-OPEC oil output cut deal agreed to reduce overall production by 1.2 million barrels per day for six months starting from 2019. "We re...

by · Economy
Fisker previews electric SUV to rival the Tesla Model Y

Fisker previews electric SUV to rival the Tesla Model Y

Pricing is set to start below $40,000 when it rolls out in the second half of 2021. Sales will be direct-meaning no franchises or dealerships-and maintenance and more will be handled by a concierge se...

by · Economy
Anil Ambani’s RCom pays ₹4.62 billion to Ericsson

Anil Ambani’s RCom pays ₹4.62 billion to Ericsson

Appearing for R Com, senior Advocates Kapil Sibal and Mukul Rohatgi had asked the court to accept Rs 118 crore towards outstanding dues to Ericsson India to establish its bonafide. Earlier on March ...

by · Economy
Cadillac CT5 revealed with Escala looks and turbo power

Cadillac CT5 revealed with Escala looks and turbo power

With the XT4, XT5, and XT6 crossover SUVs future already secured, Cadillac's sedans needed a rethink. When viewed from the back, the thin, vertical lights make it recognizable as a member of the ...

by · Economy
Beating Bernie Sanders and all other 2020 contenders

Beating Bernie Sanders and all other 2020 contenders

O'Rourke drew a record $38.1 million in one quarter - out of a total haul of $ 80 million - more than any other U.S. Senate race and more than three times Cruz's total. Senate race in Texas against i...

by · Economy
Facebook shares drop as execs quit, Christchurch live-stream shooting stirs outrage

Facebook shares drop as execs quit, Christchurch live-stream shooting stirs outrage

The departure, announced Thursday, follows Zuckerberg's announcement that Facebook will shift its emphasis to private messaging over public sharing. "Will Cathcart will be the new head of WhatsApp"....

by · Economy
Trump Slams General Motors CEO in Person Over Plant Closures

Trump Slams General Motors CEO in Person Over Plant Closures

Less than 24 hours later, President Trump sent out another tweet discussing the Lordstown GM plant, this time specifically addressing a local union boss about the closure. let our Country down, but ot...

by · Economy
Deutsche Bank and Commerzbank confirm merger talks

Deutsche Bank and Commerzbank confirm merger talks

After months of speculation that Deutsche Bank and Commerzbank would merge, Germany's two biggest banks confirmed on Sunday they were in formal talks about a tie-up. He said the two lenders were not...

by · Economy
Winning Numbers For Saturday’s $492 Million Powerball Jackpot

Winning Numbers For Saturday’s $492 Million Powerball Jackpot

According to the Powerball website , there have been seven lottery winners of $1 million or more in 2019. Wednesday's estimated jackpot, $550 million, is the eighth largest in Powerball histo...

by · Economy
Cboe pulls plug on bitcoin futures trading

Cboe pulls plug on bitcoin futures trading

The exchange is considering how it should approach the space with respect to its digital asset derivatives trading. Trading will remain in Cboe's existing bitcoin futures contracts, but eventual...

by · Economy
78,000 pounds of ground turkey recalled due to Salmonella — RECALL ALERT

78,000 pounds of ground turkey recalled due to Salmonella — RECALL ALERT

Thursday evening, the CDC said the outbreak now involves six people in three states . The patients live in Minnesota, Wisconsin and North Carolina. They also have instructed consumers who purchase...

by · Economy
Japanese Court Finds Former Mt Gox CEO Guilty of Data Manipulation

Japanese Court Finds Former Mt Gox CEO Guilty of Data Manipulation

Gox's website. In December 2018, prosecutors had demanded that Karpeles may serve a 10-year jail term and had alleged that he used $3 Million of customer funds for personal usage. However, the form...

by · Economy
Jaguar Land Rover recalls 44K cars over emissions

Jaguar Land Rover recalls 44K cars over emissions

JLR also declared that it shall be contacting the owners of the affected vehicles in order to arrange free-of-charge repairs. The country's biggest auto manufacturer said the vehicles are emitting m...

by · Economy