Category Archives: Business

13Nov/17

Uber OKs SoftBank’s bid to buy stake

The peace deal struck by Uber’s board will allow Softbank to make an investment worth up to $10 billion, according to sources. Fred Katayama reports. Continue reading

13Nov/17

Think bitcoin’s getting expensive? Try Zimbabwe

With Zimbabwe under threat of cash shortages and hyperinflation, some are turning to highly-volatile cryptocurrencies like bitcoin as a safer haven for their money. Matthew Larotonda reports. Continue reading

11Nov/17

China shopping festival smashes record with $25 bln haul

SHANGHAI, CHINA (NOVEMBER 11 AND 12, 2017) (REUTERS) – Alibaba, the Chinese e-commerce giant, said that its Singles’ Day sales extravaganza on Saturday’s (November 11) hit $25.4 billion, smashing its own record from last year and cementing it as the world’s biggest shopping event. Continue reading

10Nov/17

Embattled Uber loses UK workers rights appeal

A British tribunal has upheld a lower body’s decision that Uber drivers are entitled to rights including minimum wage and vacation time. It’s yet another blow to the taxi service as it struggles to survive in its most important European market. Matthew Larotonda reports. Continue reading

08Nov/17

Apple breaks $900 bln market cap, leads Wall St to record highs

NEW YORK, NEW YORK, UNITED STATES (NOVEMBER 8, 2017) (NYSE) – Wall Street closed at a record high on Wednesday (November 8) as Apple’s AAPL.O market capitalization climbed above the $900 billion mark and videogame makers rallied. Continue reading

08Nov/17

Snapchat owner’s shares plunge

Snap’s shares tumbled after it disappointed with revenue and user growth. But the stock recovered slightly after Snap said China’s Tencent holds 12 pct stake. Roselle Chen reports. Continue reading

06Nov/17

London’s Oxford Street to be pedestrianized?

Significant amounts of London’s iconic Oxford Street could be pedestrianized by December 2018, if the city’s Mayor Sadiq Khan’s proposals are met favorably. He’s hoping about half a mile of the street will become a “traffic-free pedestrian boulevard”, coinciding with the arrival of the new Crossrail line in central London in December 2018. Saskia O’Donoghue reports. Continue reading

06Nov/17

Speech analyser could tell if you’re too tired to drive

Speech scientists are developing a system that can monitor fatigue levels by looking for signs of tiredness in the voice, with plans for its initial use by heavy construction vehicle drivers. Matthew Stock reports. Continue reading