Business

Business Imagination agrees a £550m sale to Chinese investment fund
Author: 0 Imagination agrees a £550m sale to Chinese investment fund

Imagination, which designs the graphics processors used in smartphones and other electronic devices, put itself up for sale in June after Apple , its biggest customer and one of its main shareholders, said it would stop using its graphics technology in the iPhone and other new products by 2019.

Business Bank of England warns a consumer debt crisis could cost banks £30bn
Author: 0 Bank of England warns a consumer debt crisis could cost banks £30bn

The Bank's Financial Policy Committee (FPC) said on Monday that the rapid growth of consumer credit was "a pocket of risk" in an otherwise benign domestic credit environment. The Bank's stress test exercises are meant to measure how United Kingdom lenders would fare in an economic downturn and under hard market conditions.

Business Unilever To Buy Skincare Company Carver Korea For EUR 2.27 Bln
Author: 0 Unilever To Buy Skincare Company Carver Korea For EUR 2.27 Bln

In 2015, Carver posted total sales of about $130 million. South Korea alone is the fourth-largest skincare market in the world, with beauty products based on natural ingredients such snail gel, volcanic ash and green tea developing into a staple of the country's cosmetic market.

Business Mukul Roy receives suspension from Trinamool Congress, after his announcement of resignation
Author: 0 Mukul Roy receives suspension from Trinamool Congress, after his announcement of resignation

Shortly after Roys statement, TMC secretary general Partha Chatterjee said that he has been suspended from the party for six years for "anti-party activities". His bridges with the Trinamool burnt, Mr Roy retired to his office to talk cricket and how, in cricket and in politics, you must know the pitch. Mamata Banerjee had made him an MP and even the railway minister.

Business Not home? Walmart wants to walk in and stock your fridge
Author: 0 Not home? Walmart wants to walk in and stock your fridge

When the order is all set, a deliverer will bring it to the customer's home. Walmart is looking to upgrade its delivery service. Walmart revealed this week plans to rival Amazon with an online order fulfillment program akin to the premium subscription service Prime - but a true challenge is unlikely.

Business ABB splashes US$2.6 billion on GE Industrial Solutions acquisition
Author: 0 ABB splashes US$2.6 billion on GE Industrial Solutions acquisition

In 2016, the GE business had sales of $2.7 billion. GE Industrial Solutions had $2.7 billion in revenue past year selling a wide range of systems used by electric utilities like circuit breakers, meters and transformers. According to its CEO, John Flannery, the deal "brings together two global businesses with a broad complement of electrical protection and distribution assets".

Business Gas Prices Decreasing After Hurricanes Harvey And Irma
Author: 0 Gas Prices Decreasing After Hurricanes Harvey And Irma

Including the change in gas prices in Hawaii during the past week, prices yesterday were 59.2 cents per gallon higher than the same day one year ago and are 3.0 cents per gallon higher than a month ago. When looking at the price compared to past year, it is 17.9 cents higher than the same day in 2016 and 4.9 cents per gallon lower than a month ago.

Business Uber's new CEO apologizes to Londoners after citywide ban
Author: 0 Uber's new CEO apologizes to Londoners after citywide ban

The regulatory body charged that Uber did not properly report criminal offenses and challenged how its medical certificates are obtained. "TfL considers that Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications", the regulator said in a statement.

Business Target raises its hourly minimum wage
Author: 0 Target raises its hourly minimum wage

The investment will increase pay for Target workers across the USA before this year's holiday shopping season heats up and will also apply to seasonal employees. The federal minimum wage is $7.25. Chains such as Costco Wholesale Corp. also have boosted wages, while states like MA and Washington have established $11 an hour as the going rate for all workers.

Business Despite Lowest Support Since 1949, Chancellor Angela Merkel Wins 4th Term
Author: 0 Despite Lowest Support Since 1949, Chancellor Angela Merkel Wins 4th Term

Such an agreement might take "many months", he added, citing the problems that the CDU and the SPD had in forming the most recent coalition. Commenting on the AfD's performance, Kane said: "this is not the first time since WWII that an overtly nationalist party has won seats in a form of the German parliament ".

Business Banged-up secondary could be an issue for Eagles vs. Giants
Author: 0 Banged-up secondary could be an issue for Eagles vs. Giants

Wentz threw the ball 46 times and the Eagles ran the ball 13 times for a total of 52 yards in the loss to Kansas City . "Calmness", Pederson said after the game of letting Elliott try the kick . and company. He has an opportunity to himself and he did it. "I hope that [Kaepernick] feels proud of what he started and that what he's sacrificed since and what took a lot of courage to really ignite, I hope he's proud of where that's gone", said Eagles safety Malcolm Jenkins , reflecting on the ...

Business Abe to dissolve lower house Thurs. for general election
Author: 0 Abe to dissolve lower house Thurs. for general election

He could serve until 2021 if reelected as party leader next year, making him the longest-serving prime minister in Japanese history. "But I would suspect a lot of election related stuff is already priced in and the yen would have limited downside", said Kyosuke Suzuki, director of foreign exchange at Societe Generale in Tokyo.

Business Amazon investment arm picks up 5% stake in Shoppers Stop
Author: 0 Amazon investment arm picks up 5% stake in Shoppers Stop

The move comes on the heels of rival Flipkart raising a war chest from Japan's SoftBank. On the other hand, the Indian online market is estimated around just 2 percent of the total retail in India. Promising further investment in India, Fashion Head of Amazon, Arun Sirdeshmukh said, "In line with this effort, we have entered into a bespoke partnership which enables two leading brands in the retail sector to draw upon each other's strengths to serve the customer base in India".

Business Academy welcomes bipartisan support to establish an Australian space agency
Author: 0 Academy welcomes bipartisan support to establish an Australian space agency

The Federal Government will detail the long-term plans at the 68th International Astronautical Congress in Adelaide, where the Opposition will also reveal its own plan. However at this point the research base is likely to be in Canberra and the operational base looks set for South Australia. "I am confident that with our unique geography, South Australia will naturally be at the forefront of an increased Australian presence in space industries", he said.

Business Yasir passes Pakistan fitness test
Author: 0 Yasir passes Pakistan fitness test

Pakistan has long yearned for home cricket and we are hopeful that this yearning will end soon. Pakistan chief selector Inzamam ul Haq announced the 16-member squad for the tour against Sri Lanka, which features five uncapped cricketers including fast bowler Mir Hamza, batsmen Haris Sohail and Usman Salahuddin, spin-bowling all-rounder Bilal Asif and left-arm Mohammad Asghar.

Author: 0 Nuclear War Isn't North Korea's Only Threat

However, South Korea's meteorological agency says it detected 2 different types of seismic waves characteristic of a naturally-caused earthquake. Another U.S. The North Korean leader earlier labelled Mr Trump "mentally deranged" and a "dotard" while Mr Trump labelled Mr Kim a "madman" in response. Social media users in China said they "felt nothing" when Saturday's quake hit, while Russia's weather forecasting service said radiation levels were normal following the tremor, according to a ...

Business The day ATM withdrawal fees died in Australia
Author: 0 The day ATM withdrawal fees died in Australia

Reserve Bank of Australia data shows Australians made more than 250 million ATM withdrawals from banks other than their own a year ago, earning the banks millions of dollars. ANZ's group executive Fred Ohlsson said the bank knows the charge is "most unpopular". Consumer group Choice's spokesman Tom Godfrey said the decision could trigger the death of the ATM fee.

Business Valentino Rossi, the dream becomes real in Aragon
Author: 0 Valentino Rossi, the dream becomes real in Aragon

Rossi will start beside Jorge Lorenzo , the Ducati rider having to come through Q1 after a disappointing showing in FP3, and Vinales. "I have to thank all the people that helped me, starting with the doctor that did the surgery". Marquez, who qualified fifth on Saturday after crashing late on in Q2, was the first man to dip below the 1m50s barrier in warm-up with a 1m49.977s, which he lowered to a 1m48.976s next time around.

Business Russian Federation at United Nations slams 'military hysteria' over N. Korea
Author: 0 Russian Federation at United Nations slams 'military hysteria' over N. Korea

At a news conference Friday on the sidelines of the United Nations General Assembly, Russian Foreign Minister Sergey Lavrov once again hit back on claims his country meddled in the 2016 U.S. "Opening up this plan for negotiations basically would be disregarding this agreement", Lavrov said at a Friday press conference at the UN General Assembly.

Business Tremor detected in North Korea may be another test - China
Author: 0 Tremor detected in North Korea may be another test - China

The Comprehensive Nuclear Test Ban Treaty Organization, a watchdog group that works to end nuclear testing worldwide, said there were two seismic events, neither of very large magnitude. leaders this week. Exported refined oil products must be used fully on civil purposes, not for North Korea's nuclear and ballistic missile programmes, or other activities banned by the UN Security Council, the ministry said.

Business U.S. dollar declines as Fed meeting begins
Author: 0 U.S. dollar declines as Fed meeting begins

Janet Yellen has a press conference. The recent deadly hurricanes that caused catastrophic damage in two southern USA states might force the Fed to postpone a rate increase until next year, analysts said. The Dow Jones industrial average .DJI rose 39.45 points, or 0.18 percent, to end at 22,370.8, the S&P 500 .SPX gained 2.78 points, or 0.11 percent, to 2,506.65 and the Nasdaq Composite .IXIC added 6.68 points, or 0.1 percent, to 6,461.32.

Business Japan prepared to face N.Korean H-bomb threat
Author: 0 Japan prepared to face N.Korean H-bomb threat

Kim Jong-Un, the leader of North Korea, made a statement yesterday in response to President Trump's comments about him made at the United Nations. Trump spoke Thursday at a meeting in NY with the president of Afghanistan. Asian stocks fell, and the Japanese yen and Swiss franc gained after the North Korean statements.

Business AAFA urges negotiators to preserve TPLs in NAFTA
Author: 0 AAFA urges negotiators to preserve TPLs in NAFTA

When NAFTA took effect January 1, 1994, trade between the United States and Mexico was only $50 billion each way; previous year, USA exports to Mexico were almost quintuple that amount at $231 billion, and they supported 3 million U.S.jobs.

Business More Trouble For Uber As Company Is Kicked Out Of London
Author: 0 More Trouble For Uber As Company Is Kicked Out Of London

But the London transport firm says its regulation of London's taxi and private hire trades is created to ensure passenger safety - and Uber is not adhering to the rules. The government office also took issue with Uber's use of Greyball , a software that prevents law enforcement and other officials from gaining access to its app, and which is now under investigation by the U.S.

Business How Many Virgin Money Holdings (UK) PLC (LON:VM)'s Analysts Are Bearish?
Author: 0 How Many Virgin Money Holdings (UK) PLC (LON:VM)'s Analysts Are Bearish?

The company was maintained on Thursday, August 6 by N+1 Singer. Liberum Capital has "Hold" rating and GBX 2750 target. The firm has "Neutral" rating given on Monday, March 14 by JP Morgan. The shares were bought at an average cost of GBX 4,386 ($59.13) per share, with a total value of £397,415.46 ($535,816.99). Virgin Money Holdings (UK) PLC (LON:VM) has 0.00% since September 23, 2016 and is.

Business Rafa Benitez reacts to Tim Krul's permanent move to Brighton
Author: 0 Rafa Benitez reacts to Tim Krul's permanent move to Brighton

The visit of Newcastle , fresh from a hat-trick of Premier League wins, is followed by a trip to Arsenal and a home game against Everton for Albion either side of the next global break. The promoted Magpies head into the weekend sitting in fourth place after three successive league victories and targeting another at Brighton on Sunday.

Business Seismic activity detected near North Korean nuclear site
Author: 0 Seismic activity detected near North Korean nuclear site

Tensions between the United States and North Korea have ratcheted up after the sixth and most powerful nuclear test conducted by Pyongyang on September 3 prompted the United Nations Security Council to impose further sanctions last week. North Korea also launched two intercontinental ballistic missiles (ICBMs) in July that appeared to bring much of the USA mainland into range. North Korea said its recent nuclear test was a detonation of a thermonuclear weapon built for its developmental ...

Business HPE to reduce staff by 10%
Author: 0 HPE to reduce staff by 10%

Shares of Micron Technology, Inc. RBC Capital Markets upgraded it to "Outperform" rating and $22 target in Thursday, July 20 report . Synovus Financial Corp raised its holdings in shares of Hewlett Packard Enterprise by 11.5% in the 2nd quarter.