Mike Ashley accuses Debenhams of ‘falsehoods’ after tabling rescue bid

The billionaire's Sports Direct International said Debenhams turned down a proposal to issue £150m (€174m) in new shares, as a deadline for talks with creditors looms. Mike Ashley, founder and majority shareholder of sportwear retailer Sports Direc... More..

by | Published more than a month ago
Nissan shareholders remove former chairman Carlos Ghosn from its board — International Business
by | Wednesday, April 10, 2019

Nissan shareholders remove former chairman Carlos Ghosn from its board — International Business

Other votes had been submitted in advance. Nissan, allied with Renault SA of France, is holding a shareholders' meeting Monday to get approval to oust Ghosn from its board. Ghosn has been charged with under...More..

Theresa May summons cabinet following Brexit deadlock in parliament
by | Wednesday, April 10, 2019

Theresa May summons cabinet following Brexit deadlock in parliament

The current Labour Party leader, Jeremy Corbyn , is not very popular with Indians. Following the letter, a Downing Street spokesman said: "The prime minister was saddened to hear this decision by a dedicat...More..

Mike Ashley slams Debenhams administration as 'national scandal'
by | Tuesday, April 09, 2019

Mike Ashley slams Debenhams administration as 'national scandal'

The retailer's lenders have now taken control of the company. This afternoon it confirmed it had gone into administration. Earlier today, the high street chain fell under the control of its lenders after re...More..

FCA to pool Carbon dioxide emissions with Tesla to hit European Union target
by | Tuesday, April 09, 2019

FCA to pool Carbon dioxide emissions with Tesla to hit European Union target

The company declined to comment on a Financial Times report April 7 that it is paying Tesla hundreds of millions of euros for the arrangement. According to sources , it will pay hundreds of millions of euros...More..

London's Ultra Low Emission Zone comes into force
by | Tuesday, April 09, 2019

London's Ultra Low Emission Zone comes into force

It's been heavily criticised by business leaders over the impact they say it will have on firms. This coming on top of the current congestion charge. London has brought the Ultra-Low Emission Zone (ULEZ) in...More..

United Kingdom removes words 'European Union' from British passports
by | Monday, April 08, 2019

United Kingdom removes words 'European Union' from British passports

Despite the uncertainty, Home Secretary Sajid Javid said it was only "sensible and efficient management" to begin transitioning to passports without European Union headers. But it says some newly issued travel ...More..

Oil prices rise 1.5 percent as strong U.S
by | Monday, April 08, 2019

Oil prices rise 1.5 percent as strong U.S

The contract fell 36 cents in the previous session, having hit $62.99 on Wednesday, its highest since November. U.S. West Texas Intermediate (WTI) crude settled at $63.08 a barrel, up 98 cents, or 1.58 percen...More..

RIBA launches gender pay guidance for practices
by | Monday, April 08, 2019

RIBA launches gender pay guidance for practices

Men in Britain earn on average 17.9 percent more than women, according to government data for 2018 - down from 18.4 percent in 2017. The gap is lower than that reported by fellow broadcasters ITV, Sky, ITN an...More..

FDA's Gottlieb Warning Letters on Deceptive CBD Marketing
by | Monday, April 08, 2019

FDA's Gottlieb Warning Letters on Deceptive CBD Marketing

The FDA said that it will hold its first public hearing on May 31 to explore how CBD can be used safely in food, supplements, and cosmetics. The Ohio Senate voted unanimously last month to legalize hemp and...More..

German industrial production rises on construction gains
by | Sunday, April 07, 2019

German industrial production rises on construction gains

The rise in output exceeded expectations for a 0.5 percent increase on the month. Data released by the Federal Statistical Office on Thursday underlined those concerns, showing industrial orders dropped 4.2% ...More..

Brent nears $70 on global supply
by | Sunday, April 07, 2019

Brent nears $70 on global supply

Oil prices climbed more than 1 percent on Friday as strong US employment data tempered fears that global crude demand might weaken, and on expectations that an escalating conflict in Libya could tighten oil sup...More..

Ford Mach 1 Confirmed With Range Announced
by | Sunday, April 07, 2019

Ford Mach 1 Confirmed With Range Announced

Unlike this one, though, the 2020 Puma is a hybrid rather than an all-electric vehicle. Most of the next-gen Mustang's extra length is expected to be carried over to the wheelbase of the muscle auto which c...More..

US stocks trade mixed amid falling Tesla shares
by | Sunday, April 07, 2019

US stocks trade mixed amid falling Tesla shares

On the economic front, United States initial jobless claims, a rough measure of layoffs, registered 202,000 in the week ending March 30, a decrease of 10,000 from the previous week's revised level, the Departme...More..

Healthcare sector saw highest job growth in March
by | Sunday, April 07, 2019

Healthcare sector saw highest job growth in March

March numbers for MA and for towns and cities will not be available for a few more weeks. "With a strong March employment report now in the books, we've gotten some reassurance that the labor market is stil...More..

Corona, Modelo beers drive Constellation beat, wines leave a stain
by | Sunday, April 07, 2019

Corona, Modelo beers drive Constellation beat, wines leave a stain

Even though beer consumption drops during the winter months of December-February, Constellation said it took a bigger pie of the USA beer industry and was the top market share gainer for those months. During th...More..

Trump says he's nominating Herman Cain to Fed
by | Saturday, April 06, 2019

Trump says he's nominating Herman Cain to Fed

He's a friend of mine. The White House declined to comment, but Axios and the Wall Street Journal reported that Cain is being considered. That said, Herman Cain is about to be nominated to the Fed board...More..

Soon, Amazon will launch over 3000 satellites for 'global' internet
by | Saturday, April 06, 2019

Soon, Amazon will launch over 3000 satellites for 'global' internet

Elon Musk's rocket company, SpaceX , has been reported to be raising $500 million to launch as many as 12,000 satellites, as part of its constellation called Starlink . Amazon is entering the satellite-broa...More..

Drunk lawyer Simone Burns is jailed for racist mile-high rant
by | Saturday, April 06, 2019

Drunk lawyer Simone Burns is jailed for racist mile-high rant

Burns, who also uses the surname O'Broin, had already been served three 25cl bottles of red wine within the first hour of the flight. She called staff on board the Air India flight "Indian money-grabbing c*...More..

March sees new petrol and alternatively-fuelled vehicles surge in demand
by | Saturday, April 06, 2019

March sees new petrol and alternatively-fuelled vehicles surge in demand

Demand slipped in both private and business sectors as sales hit their lowest March level since 2013, according to new figures from the Society of Motor Manufacturers and Traders (SMMT). "That means supportive ...More..

Plant-based 'meats' winning over plenty of carnivores
by | Saturday, April 06, 2019

Plant-based 'meats' winning over plenty of carnivores

The plant-based patties were developed by Impossible Foods , Inc., an eight-year-old, California-based startup that develops plant-based substitutes for meat and dairy products. Going meatless provides health...More..

Power stocks gain, RattanIndia Power surges 12% on SC order
by | Saturday, April 06, 2019

Power stocks gain, RattanIndia Power surges 12% on SC order

Crisil said the stressed power sector assets in the private sector will get the biggest respite from the judgment as a lot of them were on the verge of being referred to bankruptcy court, the National Compan...More..

Jersey Shore Retailer Bumps Their Minimum Wage Up To $13/Hr
by | Friday, April 05, 2019

Jersey Shore Retailer Bumps Their Minimum Wage Up To $13/Hr

Target is boosting its minimum starting wage for the third time in as many years, distancing itself from rival Walmart in a tight labor market. Amazon, however, will still have Target beat with its hourly minim...More..

Ford unveils small hybrid crossover to be produced in Romania
by | Friday, April 05, 2019

Ford unveils small hybrid crossover to be produced in Romania

Thus, the company talks about the Puma delivering up to 155 hp, mentioning there's a mild-hybrid version that mixes a 1.0-liter three-cylinder EcoBoost engine with an belt-driven starter-generator. Apart from...More..

RBI cuts repo rate by 0.25 pc to 6%
by | Friday, April 05, 2019

RBI cuts repo rate by 0.25 pc to 6%

At the first bi-monthly policy review for fiscal 2020, the monetary policy committee voted for a 0.25 percent rate cut, its second such action in consecutive policies since Das took over last December. The po...More..

Saudi Aramco IPO Unlikely Despite Big Profits
by | Friday, April 05, 2019

Saudi Aramco IPO Unlikely Despite Big Profits

Moody's Investors Service said Aramco posted a net profit of $111.1 billion in 2018 - far higher than the combined net earnings of the five global oil majors - and generated $359.9 billion in revenues. "There...More..

Jeff Bezos' ex-wife cedes control of Amazon in divorce deal
by | Thursday, April 04, 2019

Jeff Bezos' ex-wife cedes control of Amazon in divorce deal

At the time of writing, Jeff Bezos has an estimated net worth $149.2 billion United States dollars. The couple each released statements on Twitter on Thursday announcing that they have "finished the proce...More..

All The Best National Burrito Day 2019 Deals
by | Thursday, April 04, 2019

All The Best National Burrito Day 2019 Deals

At El Pollo Loco , you can buy one burrito and get one free on National Burrito Day with a coupon that's posted on the restaurant's official website . The Dobrik Burrito will be available through Sunday...More..

Ghosn plans April 11 news conference, vows to tell the truth
by | Thursday, April 04, 2019

Ghosn plans April 11 news conference, vows to tell the truth

Ghosn was released on bail from the Tokyo Detention House on March 6 after having spent 108 days in confinement, as the long detention drew criticism from many legal experts in other countries. No one was imme...More..

Bitcoin Back to Life? Digital Currency's Price Briefly Hits $5,000 Mark
by | Thursday, April 04, 2019

Bitcoin Back to Life? Digital Currency's Price Briefly Hits $5,000 Mark

It is believed that the 2017 price bubble was created in part by retail investors made exuberant by rumours that mainstream finance was about to start investing in crypto en masse. Charlie Hayter, founder of ...More..

by | Thursday, April 04, 2019

Rate cut expected from RBI. How it could impact you

The MPC voted 4:2 in favor of the repo rate cut. Since taking over at the central bank in December a year ago, the RBI governor has taken a series of steps to help support economic growth and spur lending. An...More..

Toyota pledges to grant free access to its hybrid patents
by | Thursday, April 04, 2019

Toyota pledges to grant free access to its hybrid patents

Toyota's existing technology will allow for the manufacturing of hybrid vehicles at a lower price point, and could also serve as a placeholder for pure electrics in areas that lack an established charging infr...More..

Flybe to stop jet flights from three major airports
by | Thursday, April 04, 2019

Flybe to stop jet flights from three major airports

Passengers travelling out of Cardiff, Doncaster , Exeter and Norwich will be affected, with routes suspended from the "start of the 2019-20 Winter programme". "Flybe have operated services at various level...More..

Bezos investigator accuses Saudis of hacking Amazon CEO's phone before tabloid exposé
by | Thursday, April 04, 2019

Bezos investigator accuses Saudis of hacking Amazon CEO's phone before tabloid exposé

In February, Bezos released a remarkable post on Medium , saying that Enquirer and its parent company, AMI, had attempted to extort and blackmail him with images that he had texted to a woman with which ...More..

Right to a fair trial: Ghosn lawyer urges separate trial from Nissan
by | Thursday, April 04, 2019

Right to a fair trial: Ghosn lawyer urges separate trial from Nissan

Nissan's former Chairman Carlos Ghosn , facing financial misconduct charges in Japan , says he will hold a news conference April 11. Last September, two months before his arrest in Tokyo, then Nissan Motor ...More..