Markets

Softbank drives forward Vision Fund with $2.25bn GM autonomous vehicle investment

The capital infusion is created to speed large-scale deployment of self-driving robotaxis next year. SoftBank will own 19.6 percent share in GM Cruise through t...


Mothercare to press ahead with closing 50 stores across UK

The closures - putting 800 jobs at risk - are part of a company voluntary arrangement (CVA), which allows companies to shut loss-making shops and reduce rents. ...


U.S. Hints at China Talks Progress as Trump Riles Trade Allies

The U.S. delegation included energy and agriculture experts, reflecting the U.S. desire to increase exports of natural gas and food in an effort to reduce the $...


Facebook investors revolt over Mark Zuckerberg's boardroom power

At the company's annual shareholders meeting on Thursday, attendees made it abundantly clear that they're fed up with Facebook and the seemingly endless barra...


Google won't renew its military AI contract

Over the past weeks, many Google employees have resigned and thousands have signed a petition in protest from the company's partnership to develop military ...


Want to Save the Planet? Go Vegan, Study Says

In order to determine the impact of our agriculture , researchers at Oxford compiled a robust dataset of how our diets are taking a toll on the planet by analy...


Funeral market faces crack down to prevent bereaved being 'ripped off'

The funeral services provider said it has "led" calls for greater regulation of the industry, and added it looks forward to working with the regulator and the U...


Amazon US site to be blocked in Australia because of new GST

This coincides with changes to the Online Goods Tax that require online retailers to apply the 10 per cent GST to all online purchases shipped to Australia ...


Deutsche Bank hit with downgrade, CEO reassures employees

Responding to the Fed's decision, which has influenced Deutsche's move to reduce risk taking in the U.S. and required it to seek approval for hiring in the co...


No buyers for Air India

A joint forum of Air India employee unions claimed "victory" as the government failed to attract bidders. This is apart from a large tract of real estate in s...


Bank Of Nova Scotia (BNS) Holder Highstreet Asset Management INC Upped Stake

The company has 1.21 Billion shares outstanding and 1.2 Billion shares were floated in market. Sentry Investments Corp. now owns 1,411,402 shares of the bank's ...


Lottery retailers will be busy as record-breaking Lotto Max draws near

There were also two winners of the match 5+ bonus prize, each winning €106,121. 6 Maxmillions prizes, worth $500,000 each, were sold in Brampton area, Richmon...


Poundland threatens legal action against Thameslink…

More than 450 Govia Thameslink Railway (GTR) trains were either cancelled or ran late on Wednesday. Poundland had the flawless response when train company ...


Samsonite Appoints Kyle Gendreau To Succeed Ramesh Tainwala As CEO

It pointed to examples including a profile on financial information provider Bloomberg's website, SEC fillings and company materials that refer to Tainwala as a...


Fair Work Approves 'Modest' 3.5% Minimum Wage Rise

A controversial study conducted in 2017 appeared to bolster that position when researchers at the University of Washington found that the costs of a minimum-w...


Oil Prices Ease After Spike; Cautious Ahead of OPEC Meeting

They are now 20 million barrels below that average, the source said, thanks to OPEC's overcompliance with the production cuts. "OPEC has over-delivered on sup...


US Crude Oil Little Changed After Losses, Record Output Weighs

That should result in an explosion in USA crude oil exports in the coming weeks. USA producers continue to ramp up output, which reached a new high of 10.77...


GM Surges Forward On SoftBank Investment In Autonomous Vehicle Segment (NYSE:GM)

GM's investment includes some of the automaker's previously announced plan to invest $1.1 billion in autonomous vehicles in 2018. Tesla referred to what...


Watchdog begins crackdown on high-cost credit to protect the vulnerable

Other ideas include banning extended warranties, which could save the estimated 400,000 rent-to-own customers up to £7.7 million per year. Greg Stevens, chief...


ANZ, Deutsche Bank, Citigroup Face 'Criminal Cartel' Charges

ANZ is being investigated for alleged criminal cartel conduct during an August 2015 institutional share placement, the bank and the Australian Competition an...


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