News: Money

Amazon's biggest strength is sometimes its weakness, says CEO who built $1 billion business while competing against Amazon (ANGI, AMZN)

Tuesday  07:00,   10 july 2018
msn

Amazon's biggest strength is sometimes its weakness, says CEO who built $1 billion business while competing against Amazon (ANGI, AMZN)By 2015, Angie's List was struggling. Growth had stalled and quarterly revenues declined, the stock price[...]
News / Money

The British pound dives after Boris Johnson resigns as Foreign Secretary

Tuesday  07:00,   10 july 2018
msn

Matt Cardy / Stringer The British pound dives after Boris Johnson resigns as foreign secretary. Sterling fell by more than 0.3% from its opening price. Johnson's resignation marks a major blow to the stability of May's government, with"This[...]

900 jobs at risk as Mothercare closes more stores

Tuesday  07:00,   10 july 2018
news.sky

Mothercare has increased the number of stores it plans to close to 60, resulting in the loss of 900 jobs. The struggling retailer said its subsidiary Childrens World has been placed into administration and it will transfer 13 of its 22 stores to[...]

Starbucks, citing ocean threat, is ditching plastic straws

Tuesday  07:00,   10 july 2018
msn

Starbucks, citing the environmental threat to oceans, will ban plastic straws from all of its stores globally in less than two years. The company becomes the largest food and beverage company to do so. Starbucks says it will instead use strawless[...]

Facebook Aiming For Virtual Reality Dominance

Tuesday  03:25,   10 july 2018
ibtimes

Sony is in the driver's seat right now, but Facebook is the company to watch in VR.As big as the VR market is expected to be, there are only a few companies in a viable position to build a platform the industry will grow from for years to come.[...]

Meet Dominic Raab: New Brexit Secretary Replacing David Davis

Monday  17:41,   09 july 2018
msn

Meet Dominic Raab: New Brexit Secretary Replacing David DavisAlthough highly ambitious, he initially struggled to get promoted under former Prime Minister David Cameron, and opted to make trouble instead, fighting to stop people in prison from[...]

Timehop’s database breached compromising data of 21 million users

Monday  16:50,   09 july 2018
msn

Timehop’s database breached compromising data of 21 million usersThe stolen data comprised mostly of user names and email addresses. Of the 21 million compromised user data, the phone numbers linked to 4.7 million accounts were also[...]

If you own an iPhone then you are rich, study says

Monday  14:07,   09 july 2018
msn

If you own an iPhone then you are rich, study saysIt seems like everyone has an iPhone, unless they prefer Android (which is absolutely fine), or one of those swish startup phones because they're really[...]

Starbucks announces move to ditch plastic straws by 2020

Monday  14:00,   09 july 2018
msn

The firm said the move will eliminate the use of more than one billion plastic straws per year.The company becomes the largest food and drink company operating globally to do so, citing the environmental threat to[...]

Exclusive - France's Total prepares sale of $1.5 billion of UK North Sea fields

Monday  13:52,   09 july 2018
reuters

Exclusive - France's Total prepares sale of $1.5 billion of UK North Sea fieldsThe divestment will include stakes in a number of smaller fields Total acquired as part of the 2017 $4.95 billion deal to buy the oil and gas division of A.P.[...]

Can the US-China trade war be stopped? 11 experts weigh in.

Monday  13:42,   09 july 2018
vox

There’s definitely a way out of this. The problem is, it’s not clear what Trump wants, or what China is willing to give. The burgeoning US-China trade war isn’t impossible to stop, it’s just that there’s no clear way of ending it — especially[...]

Trumponomics: Trade War Spotlights President's Unorthodox Stance

Monday  13:42,   09 july 2018
msn

Donald Trump ran for office on his record as a businessman, but his escalating trade war illustrates how far outside the mainstream his economic beliefs lie. To the president, the existence of a trade deficit means other countries are “stealing”[...]

Instagram Has Become Facebook's Best Investment

Monday  12:30,   09 july 2018
ibtimes

Instagram Has Become Facebook's Best InvestmentNow, just six years later, it looks like Facebook CEO Mark Zuckerberg gets the last laugh. In an analysis conducted by Bloomberg Intelligence, analyst Jitendra Waral estimates that[...]

Asda boss warns over rotting food at Brexit Britain’s border

Monday  12:26,   09 july 2018
msn

There could be ‘significant consequences’ for food freshness.Roger Burnley told the Press Association that anything disrupting established food supply chains, currently governed by EU customs arrangements, would have “significant[...]

BP 'back to normal' after glitch hits card payments

Monday  12:06,   09 july 2018
news.sky

BP customers were left unable to pay for petrol by card for about three hours on Sunday evening. The glitch brought chaos to its 1,280 sites across the UK, and the company says a "full investigation" has been launched to determine the cause of the[...]