UK industrial output plunged in July
UK industrial production in July was very weak and exports dropped the most in nine years, according to official figures released by the Office...
Morrisons selling 140 local convenience stores for £25m
UK retail giant Morrisons announced that it is selling 140 of its M local convenience stores for approximately £25 million.
The supermarket chain said that...
CEO of United Continental resigns amid federal investigation
Jeff Smisek has stepped down as Chief Executive of United Continental Holdings Inc amid a federal investigation.
Oscar Munoz, the Chief Operating Officer of CSX...
China’s monthly trade surplus up 40% in August to 368 billion yuan
Chinese imports and exports both dropped in August. Imports dropped 14.3% on year in renminbi terms, while exports dropped a modest 6.1 percent from...
Tesco just sold its Korean retail unit for £4.2 billion
Tesco has sold off its South Korean retail unit Homeplus for £4.2 billion in a move that is set to help strengthen the supermarket chain’s...
China’s foreign reserves down to $3.557 trillion
Chinese foreign exchange reserves dropped by $94 billion in August down to $3.557 trillion, the biggest monthly fall on record.
Foreign exchange reserves refers to...
UK’s North Sea oil and gas sector has lost 5,000 jobs
Over 5,000 jobs have been lost in the UK’s North Sea oil and gas industry since late last year, according to the Oil and...
US unemployment down to a seven-year low of 5.1 percent
The latest Labor Department report, issued on Friday, revealed that unemployment in the US dropped to a seven-year low of 5.1 percent in August...
BlackBerry acquiring Good Technology for $425 million
BlackBerry Ltd announced on Friday that it is going to acquire Good Technology Corp for $425 million.
Good Technology is a mobile security provider headquartered...
UK car registrations climbed up 9.6 per cent in August
August was not a quiet month for the automotive industry in Britain.
According to the Society of Motor Manufacturers and Traders, new car registrations in...