Ex-Goldman Sachs Banker Jim O’Neill, who coined term BRIC, becomes Treasury Minister
The man who coined the term BRIC (Brazil, Russia, India, China) to describe the world’s major emerging markets that will one day dominate the...
Bombardier slashing 1,750 jobs as business jet demand slumps
Canadian multinational aerospace and transportation company Bombardier Inc. announced on Thursday that it planned to reduce its workforce by 1,750 in its business jet...
U.S. producer prices dropped in April
There was a drop in U.S. producer prices in April, according to a Labor Department report released on Thursday.
The news is another sign of...
First Choice and Thomson travel brands dropped as Tui revamps its business
Hannover-based German multinational and tourism company TUI Group says it is dropping the British travel brand names First Choice and Thomson as it revamps...
EU referendum clarity by British Government needed, says BoE Governor Mark Carney
The British Government urgently needs to provide clarity on its EU referendum procedure. The referendum will decide whether the United Kingdom stays or leaves...
Alibaba CEO says company will focus on expansion abroad
Alibaba Group’s new CEO, Daniel Zhang, said that the company will prioritize expansion abroad this year and focus on globalization.
Alibaba, which operates platforms that...
We’ll lose war against superbugs unless we spend billions on research, says new report
Unless we spend millions every year globally in an internationally-coordinated strategy, we will lose the war against superbugs, says a new UK commissioned government...
UK number of unemployed down to seven year low
The jobless rate in the UK continued to drop, according to The Office for National Statistics (ONS), with the number of unemployed at a...
Shake Shack shares surge on impressive sales growth
Shake Shack posted quarterly results on Wednesday that beat Wall Street expectations.
Revenue surged 56 percent to $37.8 million, driven by a 12% rise in...
Microsoft reveals lineup of Windows 10 editions
When Windows 10 launches it will come in at least six different flavors, with variants of the OS tailored for businesses, personal users, and...