Real Time Financial News Website
Uber will honor Juneteenth and elections days around the world as company holidays, CEO Dara Khosrowshahi announced Wednesday. “To embrace the meaning of #Juneteenth this year, we’re making it a…
Google and Alphabet CEO Sundar Pichai told employees it will commit to more than $175 million toward funding more Black businesses, as well as increase Black representation in leadership. It…
Volkswagen will pay a 48% premium to buy out the minority shareholders of premium division Audi, Audi said on Tuesday. Volkswagen, which already holds 99.64% of Audi, announced the squeeze-out…
Hertz has suspended its plan to sell up to $500 million in shares pending review by the Securities and Exchange Commission. Shares of the bankrupt car rental firm jumped more…
HSBC is resuming a massive redundancy plan it had put on ice after the coronavirus outbreak, and will cut 35,000 jobs over the medium term, a memo seen by Reuters…
Britain’s highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa (V.N) and Mastercard (MA.N) restricted competition in the way they set fees for…
United and American Airlines said Monday that they will temporarily ban passengers who don’t comply with a new industry-wide mandatory mask policy that goes into effect this week. The new…
AT&T reportedly plans to cut more than 3,400 technician and clerical jobs across the country and close stores over the next few weeks as the coronavirus pandemic shutdown has prompted…
Saudi Arabia violated the World Trade Organization’s intellectual-property rules when it failed to crack down on pirated broadcasts of Qatari television, the Geneva-based trade body said in a ruling. The…
Business software maker Oracle Corp reported quarterly revenue below Wall Street targets on Tuesday, hurt by weaker sales in its traditional software licensing business as the coronavirus crisis delayed purchases…
Retail sales in the US increased by more than 17 per cent in May, according to figures released by the Commerce Department. On Tuesday, the Commerce Department released its monthly…
The European Commission announced Tuesday that it’s launching two antitrust investigations into Apple’s App Store rules and the Apple Pay platform. The Commission, the executive arm of the EU, said…
WhatsApp has launched its digital payments service in Brazil as the messaging app capitalises on its popularity in emerging markets. The move comes as parent company Facebook pushes ahead with…
While major countries vie for economic dominance, smaller nations could actually be more effective locations for individuals to work and do business in, according to a new report. The U.S.…
Hertz Global Holdings Inc (HTZ.N) will sell up to $500 million in new shares, the car rental firm said on Monday, as it takes advantage of a strong rally in…
Walmart Inc (WMT.N) said on Monday it has partnered with e-commerce firm Shopify Inc (SHOP.TO) (SHOP.N), as it looks to expand its online marketplace business and cash in on the…
Ride-sharing giant Uber is to make it mandatory for passengers and drivers to wear face coverings from Monday in the UK. The minicab app firm said it was taking measures…
State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. The inquiries focus at least in part on how…
Drugstore chain CVS Health Corp joined Walmart Inc in announcing it will stop keeping beauty and personal care products designed for people of color in locked display cases, after the…
British Airways, Ryanair and EasyJet have filed a formal legal challenge to the government’s quarantine policy. The airlines say the policy will have “a devastating effect on British tourism and…
The market dislocation wrought by the coronavirus pandemic has a poster child in Hertz Global Holdings Inc. A bankruptcy court late Friday approved Hertz’s HTZ, +37.37% request to sell up…
AT&T Inc (T.N) is discussing a sale of its Warner Bros. Interactive Entertainment gaming division in a deal that could fetch about $4 billion, CNBC reported on Friday, citing people…
Facebook’s acquisition of animated picture platform Giphy, reportedly valued at $400 million, is being investigated by the U.K. competition watchdog. The Competition and Markets Authority (CMA) announcedFriday that it has…
Three U.S. lawmakers asked Zoom Video Communications Inc (ZM.O) to clarify its data-collection practices and relationship with the Chinese government after the firm said it had suspended user accounts to…
British Airways is selling some of its multi-million-pound art collection to raise cash to help it through the coronavirus pandemic. The collection includes art by Damien Hirst, Bridget Riley and…
German airline Lufthansa has said it will cut 22,000 jobs as it struggles to deal with the slump in air travel caused by the coronavirus pandemic. The carrier predicted a…
Germany’s economically-essential car manufacturing industry is emerging from a scathing period of lockdown, production halts and a slump in sales. The sector supports tens of thousands of jobs in Germany…
MTN Nigeria has completed the issuance of its series I and II notes, under its N100bn commercial paper debt programme. The company announced the issuance in a notice to the…
Johnson & Johnson announced Wednesday its early-stage human trial for a potential coronavirus vaccine will begin in the second half of July, earlier than its initial forecast of September. “Based…
Elon Musk wasn’t about to let a revenue-less manufacturer of zero-emission semi trucks steal the spotlight from Tesla Inc. The chief executive officer sent an email to employees before the…