OYO to lay off 1,000 employees as part of restructuring plan

SoftBank reportedly gave Oyo a deadline of March 31, 2020, to phase out contracts or businesses that are not EBITDA-profitable. And this means that, unfortunately, some roles at OYO will become redundant as the company further drives tech-enab... More..

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Bose in big store closing move; cites 'dramatic' shift online
by | Friday, January 17, 2020

Bose in big store closing move; cites 'dramatic' shift online

Bose products are currently available in Ireland via numerous retailers and audio specialists, though Dundrum Shopping Centre in Dublin houses a dedicated Bose store which is now expected to close. in 1993. ...More..

Climate Change to Impact . .
by | Friday, January 17, 2020

Climate Change to Impact . .

According to chief executive Larry Fink climate change has become a "defining factor" in companies' long-term prospects and recognises "climate risk as investment risk". BlackRock will also seek to double th...More..

China's 2019 birthrate lowest in 70 years of communist rule
by | Friday, January 17, 2020

China's 2019 birthrate lowest in 70 years of communist rule

Beijing's policymakers had projected growth of between 6% and 6.5% for the year. Analysts polled by Reuters forecast China's economy to have grown 6.0% in the October to December period of 2019. "We sho...More..

Following Similar Deal with Jordan, Israel Begins Exporting Natural Gas to Egypt
by | Friday, January 17, 2020

Following Similar Deal with Jordan, Israel Begins Exporting Natural Gas to Egypt

The statement called the event an "important development useful for the interests of both countries". Last month, Energy Minister Yuval Steinitz signed the permits describing the entire operation as an "his...More..

China's birth rate at lowest level in communist era
by | Friday, January 17, 2020

China's birth rate at lowest level in communist era

And while the world's number two economy had been gradually losing steam over the first three quarters, growth held steady at 6.0 percent in October-December - the same as the previous quarter, according to t...More..

United Airlines jet with burning engine makes emergency landing in Newark
by | Friday, January 17, 2020

United Airlines jet with burning engine makes emergency landing in Newark

Another passenger told PIX11 News in NY that United gave passengers snacks, meal vouchers and travel vouchers toward a future flight purchase with the airline. "Flight takes off, right wing of the plane (wher...More..

Amazon to create a million jobs in India by 2025
by | Friday, January 17, 2020

Amazon to create a million jobs in India by 2025

During an event in Delhi on Thursday, Goyal, who has not yet given Bezos an audience, said "They (Amazon) may have put in a billion dollars but if they make a loss of a billion dollars every year, then jolly we...More..

NRF: Holiday retail sales up 4.1%
by | Friday, January 17, 2020

NRF: Holiday retail sales up 4.1%

Thus, the downward revision meant that sales in the control group were now 0.3% lower at an annualised rate, a "dramatic" slowdown from the 6.0% rise seen in the third quarter and the 7.9% leap seen in the seco...More..

Tesla says plans to open China design and research center
by | Thursday, January 16, 2020

Tesla says plans to open China design and research center

Tesla CEO Elon Musk dances during the Tesla China-made Model 3 Delivery Ceremony in Shanghai. Tesla had "accelerated" the construction of the Shanghai factory in response to the trade dispute between the...More..

Google Acquires Startup Pointy For $163M To Help Retailers Sell Items Online
by | Thursday, January 16, 2020

Google Acquires Startup Pointy For $163M To Help Retailers Sell Items Online

While right now neither party has disclosed the exact finances involved, the rumour mill says the deal could be worth roughly €150 million. Pointy uses two key technologies to help its partner retailers log t...More..

USA stocks gain following phase-one trade deal with China
by | Thursday, January 16, 2020

USA stocks gain following phase-one trade deal with China

Utilities and makers of household goods also rose. KEEPING SCORE: The S&P 500 index rose 0.4% as of 11:45 a.m. The Dow gained 90.55 points, or 0.3%, to 29,030.22, a record. The S&P/ASX200 was up a hefty...More..

PC sales grow for the first time in seven years
by | Thursday, January 16, 2020

PC sales grow for the first time in seven years

Personal computers (PCs) sales in seven years, released from the lethargy in 2019 over. Dell , Apple , and Acer rounded out the top five, with Apple's Mac platform landing at 6.8 percent marketshare for the...More..

Visa to buy fintech provider Plaid in $5.3B deal
by | Thursday, January 16, 2020

Visa to buy fintech provider Plaid in $5.3B deal

It is a long-term play that would position Visa as a leading company in the next decade and help Plaid scale its products and increase its global footprint. According to CNBC , Plaid's API software allows s...More..

Asian stocks are falling due to renewed concerns about trading
by | Thursday, January 16, 2020

Asian stocks are falling due to renewed concerns about trading

Healthcare stocks led the winners and received a big boost from Perrigo, which rose 12.6%. The trade agreement clears the way for investors to focus on upcoming quarterly earnings reports, including the out...More..

Anxious Markets Await Trade Deal Signing, Futures Are Flat, US Data Surprises
by | Wednesday, January 15, 2020

Anxious Markets Await Trade Deal Signing, Futures Are Flat, US Data Surprises

That's a windfall for Trump supporters in rural America but an ambitious goal considering that China has never bought more than $26 billion in US agricultural products in a year. Even so, 'The truce is good new...More..

Rights group says China is trying to silence critics overseas
by | Wednesday, January 15, 2020

Rights group says China is trying to silence critics overseas

However, human rights violations in China, including its oppression of Uyghurs, are well documented around the world, including by United Nations monitors. It is increasingly targeting critics of rights violati...More..

CME Bitcoin Options Eclipses Bakkt With a Strong Start
by | Wednesday, January 15, 2020

CME Bitcoin Options Eclipses Bakkt With a Strong Start

A news report by Bloomberg indicates that a group of analysts at JP Morgan Chase, headed by Nikolaos Panigirtzoglou, has disclosed that interest in CME's prevailing Bitcoin futures had increased in the day...More..

Traders of 8 Odisha cities plan protest during Bezos's India visit
by | Wednesday, January 15, 2020

Traders of 8 Odisha cities plan protest during Bezos's India visit

Bezos and Agarwal did not address the protests or the antitrust probe. The allegations include exclusive launch of mobile phones, preferred sellers on the marketplaces, deep discounting and preferential listing...More..

Trump Convinced Not to Kill Soleimani Several Times — WashPost
by | Wednesday, January 15, 2020

Trump Convinced Not to Kill Soleimani Several Times — WashPost

But Pompeo - whose State Department often insists it can not divulge details of his calls - said he heard a different message in conversations with around 50 Iraqi leaders since the start of the month. Iran r...More..

UKGC Proceeds with Credit Card Gambling Ban to Boost Protection
by | Wednesday, January 15, 2020

UKGC Proceeds with Credit Card Gambling Ban to Boost Protection

As a result, the Gambling Commission is going ahead with a total ban on credit cards for online gambling. The Gambling Commission took the decision as part of its tightening of gambling problem safeguar...More..

China auto sales fall again in 2019 amid trade war
by | Wednesday, January 15, 2020

China auto sales fall again in 2019 amid trade war

The China Association of Automobile Manufacturers (CAAM) expects a 2% fall in vehicle sales. After a three-month transition period that ended on June 25 a year ago, local governments stopped subsidizing purch...More..

William Hill (LON:WMH) Downgraded by Deutsche Bank to Hold
by | Tuesday, January 14, 2020

William Hill (LON:WMH) Downgraded by Deutsche Bank to Hold

The company said it made good progress despite a challenging regulatory backdrop which saw its retail business hit by a heavy reduction in the maximum stake for fixed-odds betting terminals (FOBTs). William H...More..

Renault chairman says alliance with Nissan 'robust': L'Echo
by | Tuesday, January 14, 2020

Renault chairman says alliance with Nissan 'robust': L'Echo

The Financial Times has cited several sources who report that senior executives are formulating a contingency plan to negotiate a total divide between the two brands in engineering and manufacturing departmen...More..

Crude Rebounds on Positive Chinese Data
by | Tuesday, January 14, 2020

Crude Rebounds on Positive Chinese Data

Oil prices surged to their highest in nearly four months after a US drone strike killed an Iranian commander and Iran retaliated with missiles launched against USA bases in Iraq. As reported by Reuters , Myron...More..

Amazon Employees Leak Customer Data to Third-Party Agent (Again)
by | Tuesday, January 14, 2020

Amazon Employees Leak Customer Data to Third-Party Agent (Again)

About six months ago, there was a similar theft. Following the launch of allegations of theft, a statement made by the Amazon side, users' e-mail addresses and phones outside the information was accepted to b...More..

Canadian economy adds 35200 jobs in December
by | Tuesday, January 14, 2020

Canadian economy adds 35200 jobs in December

Futures traders maintained the amount of easing they expect from the Federal Reserve. Treasury yields, the Bloomberg dollar index and S&P 500 futures all gave up ground in the immediate aftermath of the report...More..

UK cabinet ministers to discuss Flybe rescue package
by | Tuesday, January 14, 2020

UK cabinet ministers to discuss Flybe rescue package

The plan is said to involve Flybe deferring this year's estimated air passenger duty (APD) bill of £106 million for three years, giving it the chance to survive the tough winter trading conditions. 'Large numbe...More..

Retail inflation rose to 7.35% in December - the highest since July 2014
by | Tuesday, January 14, 2020

Retail inflation rose to 7.35% in December - the highest since July 2014

The unexpected jump in inflation diminished the chances of the RBI cutting interest rate at its next monetary policy review due in early February. Retail inflation had spiked in December because of higher foo...More..

Elon Musk says Tesla cars will soon be able to talk
by | Tuesday, January 14, 2020

Elon Musk says Tesla cars will soon be able to talk

Sharing a video via Twitter where a Tesla vehicle can be seen conversing with walkers, Musk said the component may advance toward the electric cars soon. "This is real", the eccentric Tesla CEO said on Twitt...More..

Windsor GM employee busted racing new Corvette in Kentucky
by | Tuesday, January 14, 2020

Windsor GM employee busted racing new Corvette in Kentucky

According to an arrest citation obtained by WBKO , the two men told the state trooper that they are employees of General Motors, and that they were coming from a cocktail and billiards club. The accused - Alex...More..

Dow surpasses 29,000 as investors look past weak jobs data
by | Monday, January 13, 2020

Dow surpasses 29,000 as investors look past weak jobs data

US equities largely brushed off government data that showed U.S.jobs rose by 145,000 in December, compared to expectations of a 164,000 increase, Reuters reports. Gold prices slid 0.5%, and Treasury yields, w...More..

Geely, Mercedes-Benz launch $780 mln joint venture in E China
by | Monday, January 13, 2020

Geely, Mercedes-Benz launch $780 mln joint venture in E China

Audi meanwhile trailed both of its competitors with 1.85 million automobiles sold. Mercedes-Benz also had a strong festival period, which turned market sentiments towards positive, the company said. "Together ...More..

by | Monday, January 13, 2020

Bookmaker William Hill forecasts annual profit above estimates

Prior however, has a 12-month notice period and her departure date will be determined "in due course". Shares in gambling firm William Hill ( WMH ) surged as much as 6% to 195p in early trade after it reve...More..

GM is giving Hummer a second life as an electric pickup
by | Monday, January 13, 2020

GM is giving Hummer a second life as an electric pickup

But there is a big twist: according to reports out of the U.S. it will aim for a more environmentally-friendly image with a line-up of electric utes and SUVs. The company halted sales in 2010. In that labor agr...More..