Category Archives: Business

‘Resign!’ Belarus president booed by striking workers 

Lukashenko says he is preparing a vote on constitutional changes that will see him eventually hand over power

Read More on Financial Times

Ecommerce: Will E-Pharmacies Become the Norm? 

The days of waiting in line at CVS are coming to an end thanks to the widespread adoption of ecommerce.

Read More on Entrepreneur

Porsche 911 Targa 4S first drive in the UK 

Just as Ray Massey was about to set off on his first drive of Porsche’s all-new Targa 4S, singer and sports car fan Jay Kay couldn’t resist coming over for a chat about the open-top 911.

Read More on Mail Online

Barry Diller’s IAC buys 12% stake in MGM Resorts for $1B 

The investment comes at a time when the gambling industry has been ravaged by government restrictions on movement due to the COVID-19 pandemic, as well as fears about public gatherings.

Read More on Fox

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MARKET REPORT: Bus firms pick up speed on £218m Covid lifeline 

The Department for Transport will hand out £218.4m in Covid-19 aid over the next eight weeks to help keep regional bus services – those outside London – running in England.

Read More on Mail Online

Canada Goose loss deepens as coronavirus shutters stores 

The company bolstered its direct-to-consumer strategy, increasing investment in e-commerce, and will concentrate its store openings in mainland China, where business appears to be recovering at a faster pace from COVID-19.

Read More on Fox

Debenhams to cut 2,500 more jobs amid pandemic 

This is on top of the 4,000 announced since May, meaning the retailer will have cut a third of its staff.

Read More on BBC

Brooks Brothers poised to be acquired by Authentic Brands-Simon venture 

Brand-licensing company WHP Global Inc. has bowed out of the race for Brooks Brothers Inc., according to people familiar with the matter, leaving a venture backed by apparel-licensing firm Authentic Brands Group LLC and mall owner Simon Property Group Inc. poised to take control of the bankrupt retailer.

Read More on Fox

‘Economic tsunami’: US cities and states hit by Covid-19 face dire budget cuts 

State and local governments facing deep shortfalls wrestle with the devastating economic impact of the coronavirusEvery day, New Yorkers throw out 10,000 tons of trash – a third of which is food and yard scraps that could skip the incinerators and landfills and be turned into compost.Over the last several years, a curbside pick-up program allowed New Yorkers […]

Read More on The Guardian

Debenhams to cut 2,500 jobs after taking hit from coronavirus lockdown 

Struggling department store chain announces fresh round of redundancies and warns trading is ‘clearly a long way from returning to normal’

Read More on Independent

Tim Cook joins the billionaire club as Apple nears $2tn valuation 

Apple has thrived under Cook’s leadership with the iPhone X and a move into subscription TVApple chief executive Tim Cook has joined the billionaire club as the iPhone maker is poised to become the US’s first $2tn company.Apple’s performance has so far proved to be coronavirus-proof, crushing Wall Street expectations in each of the last two quarters, and pus […]

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US stocks open higher, pushing S&P 500 near all-time record 

Stocks are opening higher on Wall Street, pushing the S&P 500 ever closer to the all-time high it reached back in February, before the coronavirus shutdowns slammed the economy

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Wall Street stocks near record peak after rally in Europe 

Global equities lifted by fiscal stimulus optimism and vaccine hopes as Russia approves Covid-19 treatment

Read More on Financial Times

Saudi Aramco profits plunge 73 per cent as coronavirus causes oil demand to plummet 

State oil company says it will puch ahead with $75bn in dividend payments this year despite historic fall in fuel demand

Read More on Independent

10 things you need to know before the opening bell 

Johannes Eisele/AFP via Getty Images Welcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Here’s what you need to know before markets open.See the rest of the story at Business InsiderNOW WATCH: Why thoroughbred horse semen is the world’s most expensive liquidSee Also:10 things in tech you need t […]

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