Economy

Buffett's Berkshire Hathaway Unveils Latest Buys and Sells

Buffett's Berkshire Hathaway Unveils Latest Buys and Sells

Kroger, in which Berkshire disclosed an 18.94 million share stake, has invested heavily to modernise stores, improve deliveries and boost its online presence to compete with rivals such as Walmart Inc...

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French government to ensure Alstom-Bombardier deal creates value -minister

French government to ensure Alstom-Bombardier deal creates value -minister

The Quebec company has been dragging a long-term debt of United States $9.3 billion and had announced last month that it was studying options to accelerate its deleveraging . Neither company explicit...

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Virginia lawmakers reject assault weapon ban

Virginia lawmakers reject assault weapon ban

Northam has said repeatedly he does not want to confiscate guns but argued that banning new sales of assault weapons and high-capacity magazines would help prevent mass murders. Gun-rights advocat...

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Jeff Bezos donating $10 billion to fight climate change

Jeff Bezos donating $10 billion to fight climate change

Bezos said he'll begin issuing grants this summer, but didn't provide any additional details on the specific areas he intends to focus on. Just last November, his Day One Fund gave away almost $100 ...

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Tesla Berlin factory preparation delayed by German court

Tesla Berlin factory preparation delayed by German court

Tesla says it will find safe new homes for the animals and insects displaced from the site, but environmental coalition the Green League is having none of it. The BBC reports that in a statement on ...

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Pier 1 Imports files for bankruptcy, plans to sell company

Pier 1 Imports files for bankruptcy, plans to sell company

Subscribe now to stay ahead with the most trusted business news source. While Pier 1 hasn't released its latest list of the 450 stores slated to close this year, neither the Fresno or Clovis stores...

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Jupiter gets partial M&A fix for fund manager ills

Jupiter gets partial M&A fix for fund manager ills

Despite announcing outflows of 4.5 billion pounds in 2019 in a trading statement alongside news of the deal, the Merian tie-up's helped send Jupiter shares up 8% early on Monday, making it the top gai...

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Google's $2.6bn fine is like loose change, judge says

Google's $2.6bn fine is like loose change, judge says

Google argued before a five-judge panel sitting on The General Court, the second-highest court in Europe, that the European Commission's (EC) $2.7 billion fine was excessive, unwarranted and "not just...

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Zuckerberg accepts that Facebook may have to pay more tax

Zuckerberg accepts that Facebook may have to pay more tax

According to an excerpt of his speech provided in advance, Zuckerberg will say, "I understand that there's frustration about how tech companies are taxed in Europe". The social media giant faced a b...

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Storm Dennis: Met Office issues red warning for south Wales

Storm Dennis: Met Office issues red warning for south Wales

Winds of over 90 miles per hour (150 kilometers per hour) were recorded in Aberdaron, south Wales. Severe flood warning have been issued for the rivers Neath and Taff in South Wales, as well as the ...

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Holden to leave Australia by the end of 2020

Holden to leave Australia by the end of 2020

Holden's parent company, the US-based General Motors , made the shock announcement a short time ago, confirming Holden as a brand will be removed from sale completely before 2021, with local design ...

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Delta Launches a Campaign Against Carbon Emissions

Delta Launches a Campaign Against Carbon Emissions

They also point to their purchase of newer, more fuel-efficient planes in recent years. In December last year, biofuels group Gevo Inc ( NASDAQ:GEVO ) said it was to supply 10 million gallons per ...

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Death toll from virus rises to 1,669 globally

Death toll from virus rises to 1,669 globally

Global health officials say they have no way of knowing yet how far the epidemic is going to spread. The death toll from China's coronavirus epidemic has climbed to 1,665 after 142 more people d...

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How major U.S. stock indexes fared Friday

How major U.S. stock indexes fared Friday

US stocks paused Friday but ended the week with gains as investors' concerns about a sharp rise in coronavirus cases from earlier in the week faded. The data outweighed the release of strong corpora...

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Healey files lawsuit against JUUL, alleging a campaign to lure underage teens

Healey files lawsuit against JUUL, alleging a campaign to lure underage teens

Juul executives declined immediate comment on the lawsuit . Meanwhile, Juul circumvented the restrictions on Facebook and Instagram against paid advertisements for tobacco products, including e...

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US court rules Apple must pay California workers during bag checks

US court rules Apple must pay California workers during bag checks

The court's decision is retroactive. If an employee works in a store that checks bags they are required to hand them over to a manager while the search takes place. Failure to comply could lead to t...

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Jan Cameron charged over Bellamy's stake

Jan Cameron charged over Bellamy's stake

Jan Cameron, the founder of clothing and outdoor company Kathmandu, has been slapped with criminal charges following an investigation by the Australian Securities and Investment Commission (ASIC). It ...

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Barclays CEO Staley investigated over Epstein links

Barclays CEO Staley investigated over Epstein links

The FCA and the Prudential Regulation Authority subsequently commenced an investigation, which is ongoing, into Mr Staley's relationship with Mr Epstein'. The bank said Staley had told the board that ...

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Wayfair lays off 350 employees in Boston

Wayfair lays off 350 employees in Boston

A Wayfair engineer told Business Insider that workers inside the company were calling the layoffs the "Valentine's Day massacre". Wayfair said in a statement that it continually evaluates "the n...

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Tesla sold shares at steepest discount it's ever given investors

Tesla sold shares at steepest discount it's ever given investors

Tesla's stock fell to $781 a share in Friday's pre-market trading, a day after gaining almost 5%. He continued: "We'd like to see more consistency between the company's actions and the words of CEO...

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Coronavirus could shrink oil demand for first time in a decade

Coronavirus could shrink oil demand for first time in a decade

With China being an enormous client of oil and the supply of numerous progress in oil demand in recent times, the disaster can have a significant effect on oil producers. "Global oil demand has been...

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Mnuchin and Blankfein said that Bernie Sanders will destroy the United States economy

Mnuchin and Blankfein said that Bernie Sanders will destroy the United States economy

For good measure, he suggested that Sanders was such a weak candidate, Russians seeking to throw the USA election would be wise to support him. "We're going to Nevada, we're going to SC and we're goin...

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The Eurozone GDP growth expected to have slowed in the fourth quarter

The Eurozone GDP growth expected to have slowed in the fourth quarter

That makes Europe especially vulnerable to the looming hit from the coronavirus outbreak. With markets bracing for the release of the fourth quarter German and Eurozone gross domestic product on Fri...

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Air Italy goes into liquidation and grounds flights effective immediately - Italianmedia

Air Italy goes into liquidation and grounds flights effective immediately - Italianmedia

Air Italy said in a statement that all Air Italy flights through February 25 would be operated by other carriers as previously scheduled, while passengers with flights after that date would be ...

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IEA Sees First Global Oil Demand Drop in a Decade

Crude already sank to a one-year low below $50 a barrel last week and the impact of the epidemic will be felt throughout the year, the agency said. "Our baseline thesis remains that oil demand des...

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Fast Food Employee Fired After Being Filmed Taking Bath In Restaurant Sink

Fast Food Employee Fired After Being Filmed Taking Bath In Restaurant Sink

The video, posted to a community Facebook page , had been viewed tens of thousands of times as of Wednesday. While the man's legs are visible, it's not clear if he was wearing shorts or any other clo...

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Singapore's largest bank evacuates office after coronavirus infection

Singapore's largest bank evacuates office after coronavirus infection

DBS said an employee was tested on February 11 and the bank was informed of the confirmation of coronavirus on Wednesday morning. A DBS staff member who works on the 13th floor said he has not heard ...

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1.7K Health Workers Have New Virus

The United States has accused China of lacking transparency. Medical workers account for about 3.8% of confirmed cases as of three days ago, Zeng said. "It is important that these also be counted", ...

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The battle of Downing Street: Can Rishi Sunak challenge Boris Johnson?

The battle of Downing Street: Can Rishi Sunak challenge Boris Johnson?

Every day since Boris Johnson won the election the question mark against his government has been "is it revolutionary or pragmatic?" British prime minister Boris Johnson yesterday forced the resigna...

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Reserve Bank of New Zealand keeps Official Cash Rate at 1 percent

Reserve Bank of New Zealand keeps Official Cash Rate at 1 percent

This encouraged a greater sense of market risk appetite, benefitting the New Zealand Dollar as fears over the disease's ultimate impact on the global growth rate diminished. The widespread travel ban ...

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Virus death toll nears 1,400 in China, cruise ship disembarks in Cambodia

Virus death toll nears 1,400 in China, cruise ship disembarks in Cambodia

China reported a massive surge in coronavirus deaths and infections in Hubei province Wednesday-but that didn't mean the disease now known as COVID-19 had become much deadlier overnight. In a statem...

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A decade-long saga goes to court — Google vs EU

A decade-long saga goes to court — Google vs EU

We are witnessing yet another legal dispute between one of the big five USA tech giants and the European Commission . However, the Commission's lawyer, Nicholas Khan, rejected the claims , saying ...

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Canada's Major Railway Carriers Suspend Passenger Traffic Nationwide Due to Pipeline Blockade

Canada's Major Railway Carriers Suspend Passenger Traffic Nationwide Due to Pipeline Blockade

Via has also said a blockade near New Hazelton, B.C., means normal rail service is being interrupted between Prince Rupert and Prince George. "We said that the situation is beyond our control and th...

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Future Hyundai and Kia EVs to use platform developed with Canoo

Future Hyundai and Kia EVs to use platform developed with Canoo

Hyundai said it expects the new platform using Canoo's scalable skateboard architecture to allow for a simplified and standardized development process, which in turn would lower the prices of vehicl...

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Will Tesla’s Stock Offering Need to Discount Shares to Attract Investors?

Will Tesla’s Stock Offering Need to Discount Shares to Attract Investors?

The underwriters will get an option to buy up to $300 million in additional shares. Mr Musk is set to buy up to $10m and Oracle co-founder and Tesla board member Larry Ellison $1m as part of the s...

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