Author

Joseph Nordqvist 3321 posts

Joseph Nordqvist is the co-founder of MBN. He oversees many of the company's day-to-day operations and is also a regular writer for MBN's business and technology sections.

In his spare time Joseph loves playing golf, reading, traveling and spend time with family and friends.

Canadian dairy giant Saputo to acquire UK’s Dairy Crest in near-£1bn deal

Feb 23, 2019

London-listed cheese and butter maker Dairy Crest has agreed to be acquired by Montreal-based Canadian dairy company Saputo in a near-£1bn deal.The acquisition is Saputo’s first major deal in…

Virgin Galactic sends first test passenger to space aboard VSS Unity

Feb 23, 2019

Virgin Galactic sent its first test passenger to the edge of space aboard the SpaceShipTwo VSS Unity on Friday, a major milestone for space tourism.It was the fifth powered test flight and second…

BMW and Daimler announce €1 billion mobility partnership

Feb 22, 2019

BMW Group and Daimler AG have announced a €1 billion partnership in jointly developing car-sharing, ride-sharing, parking, charging and multimodal transport services.The German automakers,…

UK ran a record £14.9 billion budget surplus in January

Feb 22, 2019

UK public finances hit a record surplus in January, according to official figures released by the Office for National Statistics on Thursday.A surplus means that income generated from taxes exceeded…

UK would be ‘irresponsible’ to let Huawei help build 5G network, says RUSI

Feb 20, 2019

The Royal United Services Institute (RUSI) published a report outlining the risks it believes are associated with letting Huawei help build the UK's 5G network. The report comes as the US urges…

UBS fined 4.5 billion euros in French tax fraud case

Feb 20, 2019

Swiss bank UBS has been fined 4.5 billion euros ($5.1 billion) in a French tax fraud case. A Paris court found UBS guilty of illegally soliciting clients and laundering the proceeds of tax fraud.…

Digital ad spending forecast to overtake traditional ad spending this year

Feb 20, 2019

Digital advertising is forecast to finally overtake print and TV advertising in the US for the first time this year, according to eMarketer.Companies are projected to spend an estimated $130 billion…

Amazon aims to make half of shipments carbon-neutral by 2030

Feb 20, 2019

Amazon wants to cut its carbon footprint by making half of its shipments carbon-neutral by 2030 as part of a new initiative the tech giant has called “Shipment Zero”. The Seattle-based company…

Ford to exit commercial heavy truck business in South America

Feb 19, 2019

Ford confirmed that it will exit the commercial heavy truck business in South America. Production will cease at the automaker’s Sao Bernardo do Campo factory in Brazil later this year as a result of…

Walmart reports better-than-expected Q4 earnings and revenue

Feb 19, 2019

Walmart announced better-than-expected fourth quarter results on Tuesday.The retail giant reported earnings per share of $1.41 on revenue of $138.8 billion in the quarter. The results were better…

Facebook broke UK law and should be regulated, says report

Feb 18, 2019

Facebook is under fire from British lawmakers over claims that it intentionally breached UK data privacy and anti-competition laws. In a damning new report British lawmakers claim Facebook…

Honda set to close its UK Swindon car plant, 3,500 jobs at risk

Feb 18, 2019

Honda is set to announce that it will close its Swindon car plant in 2022, with the potential loss of 3,500 jobs, according to media reports and a local lawmaker. Honda has not made an official…

Airbus has spent millions preparing for a possible no-deal Brexit

Feb 17, 2019

Airbus has spent millions preparing for a no-deal Brexit scenario in which the UK leaves the European Union without a deal.Senior vice president Katherine Bennett said in an interview with BBC…

Porsche warns UK customers of price hike in the event of no-deal Brexit

Feb 17, 2019

Porsche has warned its UK customers that they be charged up to 10% more than expected for cars delivered to Britain in the event of a no-deal Brexit.If the UK and EU are unable to agree on a…

Payless ShoeSource closing all of its 2,100 US stores

Feb 17, 2019

Discount shoe retailer Payless ShoeSource plans on closing all of its 2,100 US stores when it files for bankruptcy later this month.According to Reuters, the company is starting its liquidation…

More frequent high-tide flooding can hurt coastal economies

Feb 16, 2019

Coastal communities suffer economically from frequent high-tide flooding and the impact is expected to worsen as sea levels rise, making them more frequent. Researchers from Stanford University…

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