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$1.4bn Loss Reported By News Corp Worldwide But Notes Increase In Paid Subscriptions

Going-Private Proposal Tweet By Tesla’s Musk Taken To Court By Investors

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Can China’s Food And Drug Safety Issues Be Solved By Blockchain 07/25/2018

$10.5bn Deal Struck By BP To Buy BHP's US Shale Oil And Gas Assets 07/29/2018

It Is High Time To Speak Out For Global Trading System: WTO Chief 07/25/2018

Weekly Production Target For Model 3 Cars Finally Reached By Tesla 07/24/2018

Starbucks To Deliver Coffee In China In Partnership With Alibaba 07/30/2018

Latest Business News
$1.4bn Loss Reported By News Corp Worldwide But Notes Increase In Paid Subscriptions

$1.4bn Loss Reported By News Corp Worldwide But Notes Increase In Paid Subscriptions

Companies

An upbeat assessment for the digital news and real estate assets of Rupert Murdoch’s News Corp was used by the company to waive off the latest annual loss that the firm has incurred.   A net loss of $1.4 billion for fiscal year 2017/18 was reported by the worldwide publishing group which was a larger net loss compared to what the company had incurred a year earlier which was at $643...
Going-Private Proposal Tweet By Tesla’s Musk Taken To Court By Investors

Going-Private Proposal Tweet By Tesla’s Musk Taken To Court By Investors

Companies

Investors of Tesla Inc sued the company and its Chief Executive Elon Musk twice on Friday alleging that both the company and the CEO had wrongfully constructed a scheme to put pressure on short-sellers which included the tweet by Musk where he proposed taking the company private.   It was three days ago that Musk suddenly tweeted a comment where he said that he w3as contemplating taking...
Ikea Launches Its First Retail Outlet In India

Ikea Launches Its First Retail Outlet In India

Companies

It has been a long wait – for years, for the Swedish furniture company Ikea, to enter one of the largest consumer markets in the world – India   The first retail store was launched by the Swedish furniture company in the Southern city of Hyderabad for Indian consumers and the company is expecting to see a footfall of about 7 million a year.   The new store which has a total display...
Controversial Redesign Blamed For First Quarterly Drop In Daily Users For Snapchat

Controversial Redesign Blamed For First Quarterly Drop In Daily Users For Snapchat

Companies

The first decline in the number of active daily uses in Snapchat after the company introduced a controversial redesign was announced by Snap, the parent firm of the social media platform.   Despite this the analysts were presently satisfied with the revenue figures reported by the company and as a result the shares of the company surged temporarily before going down because of signals of...
New Business Growth Areas Like A.I. And 5G Would See $22 Billion Investment From Samsung

New Business Growth Areas Like A.I. And 5G Would See $22 Billion Investment From Samsung

Companies

Plans of investments worth 25 trillion Korean won ($22 billion) is being planned by South Korea’s largest conglomerate Samsung Group. Primarily led by investments by sister company Samsung Electronics, this huge amount of investments would be made over a period of three years into a number of new potential growth areas, the company announced. .    The investments have bene planned to...
Tesla Could Be Taken Private, Tweets Elon Musk, Shares Rise

Tesla Could Be Taken Private, Tweets Elon Musk, Shares Rise

Companies

Tesla shares spiked following a tweeter comment by its CEO Elon Musk that he is contemplating taking the company private.    The out-of-the blue announcement by Musk was in keeping with the unorthodox style followed my Musk and in keeping with his trend of surprising the markets and investors. Musk said in the tweet that his plan to take the company private comprised of buy back of...
Domino's Pizza Shares Fall, Company Reports Discouraging Profits Due To Rising Overseas Costs

Domino's Pizza Shares Fall, Company Reports Discouraging Profits Due To Rising Overseas Costs

Companies

Shares of Domino’s Pizza Group dropped to a eleven month low after the company reported an almost 10 per cent fall in pre-tax profit for the first half of the current fiscal year primarily because of increasing costs of overseas operations particularly in Norway, despite the firm reporting an increase in sales.   The focus of the company in recent years has been on increasing its online...
Chinese State Media: Google Welcome In China If It Follows Laws

Chinese State Media: Google Welcome In China If It Follows Laws

Companies

An opinion piece published in the state-backed newspaper People's Daily welcomes Google into China provided that the US tech giant follows the law. This piece was published after there were reports that Google is contemplating launching of censored model of its search engine in the country.   The news was first published in The Information where it claimed that Google is planning a...
Report Claims Over 6 Billion UK Workers Concerns Of Job Loss Due To Automation

Report Claims Over 6 Billion UK Workers Concerns Of Job Loss Due To Automation

Markets

Fears that machines could take over their jobs in the next decade or so have been expressed by over six million workers in the United Kingdom according to a report which also called on the government to and trade unions to create strategies for supporting such people whose jobs would be at risk.   In recent days, a commission on workers and technology for the Fabian Society and the...
Higher Supply From OPEC, Russia Sees A Drop In Global Oil Prices

Higher Supply From OPEC, Russia Sees A Drop In Global Oil Prices

Markets

Oil prices slowed down and dropped in the first week of August noting its fourth drop in the last five weeks.   In the week, there was a decrease of 0.75 percent and 2.10 percent in the price of the West Texas Intermediate (WTI) for September delivery and Brent for October delivery respectively.   The potential impact of US sanctions on Iran and the consequent supply constraints and...
Britain Could Face Increased Food Prices Because Of Heatwave

Britain Could Face Increased Food Prices Because Of Heatwave

Markets

According to warnings from British experts, the country could see a spike in food prices "for some time to come" because of the ongoing heat wave even as Londoners prepare for a continued summer blast and temperatures expected to be around 32 degrees Celsius.   There has been pressure on producers because of prolonged weeks of hot weather accompanied by an increase in demand for some...
Record Loss For Q2 Reported By Tesla, Yet Sees Increase In Its Shares

Record Loss For Q2 Reported By Tesla, Yet Sees Increase In Its Shares

Companies

Despite reporting record breaking losses for the second quarter of the current year at $717.5 million, there was a surprise increase in the share price of electric car maker Tesla. Many see this as a result of an apologetic and restrained performance by the company’s chief executive, Elon Musk, during an analyst call.   There was a rise of about 9 per cent in the shares of Tesla despite...

World

Private Property And Foreign Investment To Be Made Legal In Communist Cuba

Private Property And Foreign Investment To Be Made Legal In Communist Cuba
Communist Cuba would now encourage and “guarantee” foreign investment and the government would recognize the right to own property by private individuals. There would also no longer be concentration...

Death Due To Worsening Air Quality Could Increase In Australian Cities: Study

Death Due To Worsening Air Quality Could Increase In Australian Cities: Study
A new research claims that there would be more intense temperature inversion events in multiple cities in Australia as conditions of in the biggest cities in the country will worsen in the next few...

New Data Shows Forest Loss Equal To One Football Field Every Second In 2017

New Data Shows Forest Loss Equal To One Football Field Every Second In 2017
New data from a global satellite survey suggests that every second in 2017, there was loss of forest of the size of more than one football pitch throughout the world. The loss for the entire year was...

Saudi Women Driving Ban End Sees Women Driving, Boost To Economy Anticipated

Saudi Women Driving Ban End Sees Women Driving, Boost To Economy Anticipated
The last ban in the world on female drivers came to an end after Saudi women took to the wheels of cars in the country at midnight on Sunday. This brought an end to a tradition that was seen as a...

Beijing Wants US Troops To The Korean Peninsula In Exchange For North Korea Peace: Analysts

Beijing Wants US Troops To The Korean Peninsula In Exchange For North Korea Peace: Analysts
According to analysts, China would be closely watching the scheduled meeting between United States President Donald Trump and North Korean leader Kim Jong Un in Singapore with an ultimate aim of...

People

Apologies To Thai Cave Rescuer Tendered By Elon Musk On Tweeter

Apologies To Thai Cave Rescuer Tendered By Elon Musk On Tweeter
After an offending comment on Twitter against a Briton who led a rescue team engaged in the rescue of a group of boys and their football coach trapped in a cave in Thailand last week, the tech...

'Absurd' Travel Insurance Costs Being Faced By Cancer Patients In The UK

'Absurd' Travel Insurance Costs Being Faced By Cancer Patients In The UK
A report by the City watchdog has revealed that affordable travel insurance is being hard to find by cancer patients even after the completion of a long treatment in the UK.   Now, in order to...

10-Year Term For UK Hacker Selling Stolen Private Data Of Customers Of High Street Brands

10-Year Term For UK Hacker Selling Stolen Private Data Of Customers Of High Street Brands
A jail sentence of 10 years has been awarded to a U.K. hacker who take orchestrated cyber attacks on a number of companies before customers’ data was sold by him on the dark web.   High street...

Finland’s Universal Basic Income Test Fails; Not An Alternative For Job Displacement?

Finland’s Universal Basic Income Test Fails; Not An Alternative For Job Displacement?
There are many who believe that advances in information technologies would result in shift in employment even though they also agree it is critical in achieving greater efficiency in various aspects...

Hospital In London Turned Into ‘War Zone’ By Knife Violence: Trump

Hospital In London Turned Into ‘War Zone’ By Knife Violence: Trump
United State President Donald Trump has suggested that the anti-gun culture in the United Kingdom has resulted in a surge in the number stabbings there as he referred to a hospital in the U.K....

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