London (CNN Business) The UK economy can't catch a break. Britain is already facing its steepest recession in 300 years, and expected to suffer the worst coronavirus-induced slump of any major economy this year. It's also risking a rupture with its single ...
In another first-in-the-nation move to tackle climate change, California will require automakers to sell more electric trucks starting in 2024. The measure, approved unanimously Thursday by the California Air Resources Board, says that by 2045 all new trucks ...
Wirecard AG's long-time auditors, Ernst & Young, accused their client of "an elaborate and sophisticated fraud" that allowed more than $2 billion to go missing. Now that Wirecard has filed for court protection from creditors, the accountants who signed off on ...
OTTAWA (Reuters) - Canada's Supreme Court on Friday ruled in favor of a driver in a gig economy case that paves the way for a class action suit calling for Uber Technologies Inc (UBER.N) to recognize drivers in Canada as company employees.
The headlines about Nike's Q4 earnings announcement focused on what would be a staggering loss at any other time. But the real story is a complete and radical repositioning of one of the world's leading brands toward Digital 3.0. First, the financials.
Shares of Luckin Coffee (NASDAQ:LK) plummeted on Friday after the Chinese coffeehouse company disclosed that it will be delisted from the Nasdaq Stock Market. As of 11:11 a.m. EDT, Luckin's stock was down 50%.
New York (CNN Business) Microsoft is getting out of the brick-and-mortar retail business. The company announced Friday it will close down all of its 83 physical stores and switch to online only. It will keep its London; New York City; Sydney, Australia and ...
Back when the COVID-19 crisis first hit, it became clear that relief would be needed to mitigate what was quickly becoming an overnight economic crisis that ultimately spurred a full-blown recession. Thankfully, the CARES Act was signed into law fairly quickly, ...
New York (CNN Business) A group of Whole Foods employees in a Boston-area store walked out to protest the company's policy that prevented them from wearing Black Lives Matter paraphernalia. Seven workers at the chain's Cambridge, Massachusetts, ...
Mortgage forbearance is once again trending upward after largely declining through most of June, according to the mortgage tracking company Black Knight (NYSE:BKI). Active forbearance plans, when homeowners delay their monthly mortgage payment, ...
(Updates to add separate Lualaba province initiative). June 26 (Reuters) - Democratic Republic of Congo will begin its state-controlled buying of artisanal cobalt in about two months time, having been delayed by the coronavirus pandemic, the mines minister ...
PG&E Corp. shares tumbled after the company raised more than $5 billion in a common stock and equity unit offering to help finance its exit from the biggest utility bankruptcy in U.S. history. The California power giant's shares fell as much as 5.8% Friday, ...
(Reuters) - Vaxart Inc said on Friday it would test its experimental oral COVID-19 vaccine on monkeys infected with the new coronavirus in a study funded by the Trump administration's vaccine-acceleration program called "Operation Warp Speed". Shares of ...
Though there are some differences between the situations as well, Dell's (DELL) reported mulling of a spinoff of its 81% VMware (VMW) stake reminds me a little of eBay's (EBAY) situation in 2015 before it spun off PayPal (PYPL) . Just as the PayPal spinoff ...
Before the coronavirus pandemic, workers who lost their jobs could get unemployment benefits for up to 26 weeks. The CARES Act, the federal stimulus bill that was signed into law on March 27, increased those benefits, adding an extra 13 week of benefits ...
Shares of Big Lots (BIG) - Get Report spiked on Friday after the discount retailer said second-quarter same-store results were increasing "well ahead of expectations." The company expects adjusted earnings for the quarter to range $2.50 to $2.75 a share, ...
U.S. consumer sentiment stumbled in late June from earlier in the month as coronavirus cases started to climb again in various states. The University of Michigan's final sentiment index fell to 78.1 from a preliminary reading of 78.9, according to data Friday.
CHICAGO, June 26 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Friday. NOTE: Traders await the U.S. Department of Agriculture's ...
BENGALURU, June 26 (Reuters) - Indian stocks ended higher in volatile trading on Friday, helped by information technology and energy shares, although investors remained nervous about rising coronavirus cases and tensions with China. The NSE Nifty 50 ...
The feds are reportedly close to wrapping up their antitrust investigation of Google as they consider whether to bring a lawsuit against the tech giant. The US Department of Justice is waiting on a final set of documents before officials finish the probe, which is ...
Airlines for America announced Thursday its member carriers would refund tickets for any passenger denied access to a flight by TSA officers due to an elevated temperature during the screening process. The industry trade organization shared its support last ...
The Costco half-sheet cake — in all its frosted, customizable glory — has officially left store shelves. Despite its popularity among shoppers, the wholesale chain announced in a Facebook post several weeks ago that it would be discontinuing the item.
The Tampa Bay Business Journal hosted a virtual panel discussion as part of our 2020 Business of Pride event series. Here is a portion of the discussion TBBJ Editor Alexis Muellner moderated with this year's "Voices" honorees. The following roundtable has ...
Virgin Galactic on Thursday celebrated the second successful glide flight of its spaceship over Spaceport America in southern New Mexico. Unlike the first glide test in early May, the pilots flew at higher speeds to help evaluate the ship's systems and ...
Toyota is recalling about 752,000 gas-electric hybrid vehicles worldwide because the engines can lose power and stall. (Toyota). The recall covers certain 2013 to 2015 Prius and 2014 to 2017 Prius v hybrids. The company says in a statement that the hybrids ...
BANGKOK -- Low-cost international carrier NokScoot has become the second Thai airline to fall victim to the coronavirus pandemic after the company's board of directors voted for its liquidation Friday. The Bangkok-based carrier's shareholders will deliberate ...
(Bloomberg) -- U.K. businesses are urging the government to ramp up public spending to protect jobs as the economy embarks on a fragile recovery from the coronavirus lockdown. The Confederation of British Industry is calling on Chancellor of the ...
The collapse of German fintech Wirecard (Ger:WDI) has ensnared several British banking services firms and card issuers, after the Financial Conduct Authority (FCA) this morning imposed a raft of restrictions on the payments processing group's UK arm.
GOLD BULLION prices held firm against a rising US Dollar in London trade Friday, gaining for the 17th in 26 weeks so far in 2020 as the Federal Reserve declared US banks to be "strong" despite $700bn of possible loan losses from the Covid Crisis, and the ...
Petrol price in Delhi was hiked to Rs 80.13 per litre from Rs 79.92 while diesel rates were increased to Rs 80.19 a litre from Rs 80.02. NEW DELHI: Petrol price in the national capital on Friday crossed Rs 80 per litre mark, for the first time in more than two ...
Britain's car production plunged to the lowest level for May since 1946 after carmakers had to idle factories to help prevent the spread of the coronavirus pandemic. Output dropped 95% to just 5,314 vehicles in the month, according to the Society of Motor ...
NEW DELHI: State-run ITI on Friday said it has partnered with IT services company Tech Mahindra to work together in the areas of 4G and 5G networks, smart cities, and health care services, to supplement the country's call for self-reliance in telecoms.
A brand new Lamborghini was wrecked in a crash that occurred just 20 minutes after it was purchased. According to BBC, the luxury sports car is estimated to have cost around 2 lakh pounds - or approximately Rs 1.8 crore. The accident took place in West ...
The New York City Council voted Thursday to approve a dockless bike and scooter pilot program after years of debate, both at the city and state level. Under a new law, the New York City Department of Transportation (NYCDOT) would be required to launch ...
The Canadian dollar extended this week's decline against its U.S. counterpart on Friday as concern about rising new coronavirus infections in the United States and China weighed on the price of oil, one of Canada's major exports. U.S. crude prices were ...
CN says it will spend $305 million in Alberta in 2020 in response to growing demand for its service. The investments will include a mix of maintenance and enhancements, such as constructing double track to allow more trains to pass on the mainline.
By James A. Loyola Local shares prices rose after the Bangko Sentral decided to cut interest rates further. The main index jumped 73.58 points or 1.20 percent to close the week at 6,191.84 as all sectoral indices were in the green. Volume was lower at 1.07 ...
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