Amazon has another 'Prime' holiday: Profit tops USD 3 billion

Amazon's Black Friday and Cyber Monday efforts were well received as net sales increased 20 percent to $72.4 billion in the fourth quarter, the e-commerce giant revealed in its latest earnings report . And in Amazon's case, it took less than 25 y... More..

by | Published more than a month ago
Nissan shelving plans to build new X-Trail in United Kingdom, claims report
by | Sunday, February 03, 2019

Nissan shelving plans to build new X-Trail in United Kingdom, claims report

At the time Nissan said it's 'follows the United Kingdom government's commitment to ensure that the Sunderland plant remains competitive'. It's also yet another nail in the coffin of Britain's future as a globa...More..

by | Sunday, February 03, 2019

BP to Expand Emissions Disclosure

While adopting that proposal, BP rejected a separate resolution from shareholders organized by the activist group Follow This that also demanded more transparent efforts to fight climate change including clea...More..

New BMW 7 Series plug in hybrid models revealed
by | Sunday, February 03, 2019

New BMW 7 Series plug in hybrid models revealed

The new 2019 BMW 7 Series arrived just a couple of weeks ago - complete with a big grille which looks like it came from the new BMW X7 - and included the latest plug-in hybrid variants to take on Mercedes S...More..

Delays at Orlando airport after TSA agent jumps from hotel
by | Sunday, February 03, 2019

Delays at Orlando airport after TSA agent jumps from hotel

A spokesperson for TSA told the Washington Post that the officer, who has not yet been named, " had just clocked out " before his death. The incident caused the Federal Aviation Administration to brie...More..

Shell profit soars to $23 bn in 2018
by | Sunday, February 03, 2019

Shell profit soars to $23 bn in 2018

The blue chip giant posted underlying earnings of $21.4bn (€18.7bn) for 2018, with its fourth-quarter profits up by 32pc to $5.7bn (€5bn) despite more recent falls in the cost of crude. The company is also gene...More..

German manufacturing sector shrinks on weak US, China demand - PMI
by | Sunday, February 03, 2019

German manufacturing sector shrinks on weak US, China demand - PMI

Markets in Taiwan were closed. Zhong of CEBM said the pick-up was mainly due to positive sentiment from a temporary truce achieved during a meeting between President Donald Trump and President Xi Jinping in A...More..

United Kingdom objects to description of Gibraltar as 'British colony' in European Union law
by | Sunday, February 03, 2019

United Kingdom objects to description of Gibraltar as 'British colony' in European Union law

The seven square-kilometer peninsula is an internally self-governing British overseas territory and shares a 1.2-kilometer fenced border with Spain. British lawmakers on Tuesday instructed Prime Minister Ther...More..

Energy giant Npower reveals plan to cut up to 900 jobs
by | Saturday, February 02, 2019

Energy giant Npower reveals plan to cut up to 900 jobs

Big six energy supplier Npower will axe 900 jobs over the next year as it scrambles to cut its costs in the face of the Government's energy price cap and looming financial losses. Ofcom is expected to announ...More..

Full-year profit at Unilever soars, sales edge lower | AP business
by | Saturday, February 02, 2019

Full-year profit at Unilever soars, sales edge lower | AP business

He noted also that the boost to sales growth the company had forecast from M&A was being reduced by the poor performance in China of Blueair, a line of air purifiers it bought in 2016. Hyperinflation in the c...More..

No 10 hits out at EU's claim Gibraltar is a British colony
by | Saturday, February 02, 2019

No 10 hits out at EU's claim Gibraltar is a British colony

There is a controversy between Spain and the United Kingdom concerning the sovereignty over Gibraltar , a territory for which a solution has to be reached in light of the relevant resolutions and decisions of ...More..

Tesla's profit fails to please analysts
by | Friday, February 01, 2019

Tesla's profit fails to please analysts

Tesla shares fell nearly five percent in the after-trading hours on Wednesday, much of that happening in the minutes after the CFO announcement. Musk said the layoffs were necessary to allow Tesla to sel...More..

Gas find in North Sea hailed as biggest in a decade
by | Friday, February 01, 2019

Gas find in North Sea hailed as biggest in a decade

The Glengorm exploration well - in licence P2215 - was drilled to a depth of more than 16,000ft and uncovered gas and condensate. "The discovery at Glengorm prospect demonstrates the great exploration potenti...More..

Another Chinese Apple engineer accused of stealing trade secrets
by | Friday, February 01, 2019

Another Chinese Apple engineer accused of stealing trade secrets

The FBI levelled charges at the Apple worker, Jizhong Chen, reported NBC , after he made off with information about Apple's so-called Project Titan driverless auto work. One of the images found on Chen's com...More..

Drug company expands voluntary recall of infant ibuprofen sold at CVS, Walmart
by | Friday, February 01, 2019

Drug company expands voluntary recall of infant ibuprofen sold at CVS, Walmart

The recalled product was packaged in 0.5 ounces and 1 ounce bottles and labeled "Infants' Ibuprofen Concentrated Oral Suspension" (see product images below). Tris Pharma, Inc. manufactures Ibuprofen Oral Susp...More..

Here’s why Amazon can’t sell its own products in India right now
by | Friday, February 01, 2019

Here’s why Amazon can’t sell its own products in India right now

Such strategies by global companies have been controversial in a country where organized retail accounts for only about 10 percent of a market dominated by small sellers and mom-and-pop stores. The rules, which...More..

by | Friday, February 01, 2019

Amazon sales, profit top estimates as retail, advertising soar

Finance chief Brian Olsavsky tried to reassure investors that the company remains on the right track. Net sales in North America, its biggest market, jumped 18.3 per cent to US$44.12 billion in the reported...More..

Italy in recession after economy shrinks in Q4 2018
by | Friday, February 01, 2019

Italy in recession after economy shrinks in Q4 2018

But Italian Prime Minister Giuseppe Conte blamed the trade spat between the U.S. and China, which he said affected Italy's exports. As a result, the eurozone economy expanded by 1.8 percent in 2018 overal...More..

WhatsApp gets new privacy manager
by | Friday, February 01, 2019

WhatsApp gets new privacy manager

Revenue soared 30 per cent from a year ago to $16.9 billion while the number of people using Facebook monthly rose nine percent to 2.32 billion, the company said in its fourth quarter update. "The question is w...More..

Consumers Asks Customers to Reduce Gas Usage After Fire
by | Thursday, January 31, 2019

Consumers Asks Customers to Reduce Gas Usage After Fire

General Motors is temporarily halting operations at 11 MI assembly plants and its Warren Tech Center campus after Consumers Energy urgently asked users to conserve their natural gas, reports Reuters . Poppe ...More..

China and United States schedule more trade talks before March deadline
by | Thursday, January 31, 2019

China and United States schedule more trade talks before March deadline

Trump tweeted. He says: "All of the many problems are being discussed and will be hopefully resolved". The Trump administration opened high-stakes trade talks with China on Wednesday. China has retaliated w...More..

Iran could introduce national cryptocurrency
by | Thursday, January 31, 2019

Iran could introduce national cryptocurrency

The conference is focused on blockchain technology, cryptocurrencies , alternative payment systems, financial technologies, fraud, money laundering and digital transformation. This has left Iranian importers...More..

Volkswagen electric Dune Buggy concept brings the 60s to the present
by | Thursday, January 31, 2019

Volkswagen electric Dune Buggy concept brings the 60s to the present

It is vibrancy and energy on four wheels", says VW's head designer Klaus Bischoff . Well, the dune buggy may have been born in the U.S., but it's being reinvented in Switzerland at this year's International ...More..

Fed likely to send reassuring note of patience on rate hikes
by | Thursday, January 31, 2019

Fed likely to send reassuring note of patience on rate hikes

Since then, though, Powell and other Fed officials have emphasized their desire to be "patient" in their approach to rate hikes and their belief that there's no "pre-set course" for future increases. Asked earl...More..

Alibaba Q3 revenue growth slowest in 3 yrs amid Chinese economic slowdown
by | Thursday, January 31, 2019

Alibaba Q3 revenue growth slowest in 3 yrs amid Chinese economic slowdown

Chinese e-commerce giant Alibaba has become the first Internet company in China with a single-quarter revenue of over 100 billion yuan, The Paper . Alibaba's business diversity and ongoing innovations are he...More..

EU's Jean-Claude Juncker rebuffs UK's plan to change Brexit deal
by | Thursday, January 31, 2019

EU's Jean-Claude Juncker rebuffs UK's plan to change Brexit deal

Westminster voted 317 to 301 in favour of "alternative arrangements" to the Irish border backstop . He added that a deal with no backstop would result in a hard border, "and we can not accept that as that w...More..

Federal Reserve nods to economic headwinds as it keeps rates steady
by | Thursday, January 31, 2019

Federal Reserve nods to economic headwinds as it keeps rates steady

With the Fed decision out of the way, investors focused their attention on a pivotal round of high-level U.S. Further, the sharp slide in the equity and credit markets appeared to be having a dampening effect o...More..

Microsoft's Azure revenue growth slows
by | Thursday, January 31, 2019

Microsoft's Azure revenue growth slows

It also seems like people are actually using that social network more, as Microsoft claims sessions have increased by 30 percent. Azure is the engine driving the growth behind Microsoft's revival in a post-PC e...More..

Tesla follows Musk warning with smaller profit than prior quarter
by | Thursday, January 31, 2019

Tesla follows Musk warning with smaller profit than prior quarter

However, fourth-quarter revenue of $7.23 billion exceeded consensus expectations of $7.07 billion. For the full year, the company lost $976.1 million. The Palo Alto, California-based company has struggled to fi...More..

by | Thursday, January 31, 2019

Fed to be "patient" with rate changes

Press conferences are scheduled to follow every policy meeting from now on, as opposed to only occurring once every quarter and when rates were adjusted. The US central bank cited muted inflation and recent e...More..