The Ministry of Business Innovation and Employment has settled its legal dispute with Emirates Team New Zealand over the use of public money for the hosting of the America’s Cup. MBIE announced that it had met ETNZ and America’s Cup Events (ACE) today in mediation to resolve the issues. MBIE said the dispute was over […]
SAN FRANCISCO (REUTERS) – Apple is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters. The iPhone maker’s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to […]
The digital business went gangbusters this year, but it hasn’t been a cure-all for the collapse of nonessential brick-and-mortar retail due to the pandemic. The costs of fulfilling and shipping online orders were high and continue to be, and return rates, particularly on fashion items, are in the 30 percent range. Those hefty double-digit gains […]
(Reuters) -U.S. stock index futures tumbled on Monday as fears over a new strain of the coronavirus that has shut down much of Britain overshadowed a $900 billion stimulus package deal.FILE PHOTO: A statue of George Washington stands as Federal Hall across Wall Street from the New York Stock Exchange in Manhattan in New York […]
FILE PHOTO: The logo of the new Financial Conduct Authority (FCA) is seen at the agency’s headquarters in the Canary Wharf business district of London April 1, 2013. REUTERS/Chris Helgren(Reuters) – Britain’s markets regulator has fined U.S.-listed Charles Schwab’s UK business 8.96 million pounds for failing to protect client assets, carrying out a regulated activity […]
WASHINGTON/HANOI (Reuters) – President Donald Trump is likely to unveil proposed tariffs on Vietnamese goods before he leaves office in January, currency and trade experts say, after the U.S. Treasury branded the growing U.S. trade partner a “currency manipulator” last week.FILE PHOTO: U.S. President Donald Trump departs on travel to West Point, New York from […]
When the coronavirus sent millions home to social distance and closed stores across the U.S. and beyond, the clock started ticking — and it ticked much faster for some. Retailers simply aren’t designed to be idle. They are machines that only work when moving and without money coming in the front door, the cost of […]
SYDNEY (Reuters) – Asian stocks faltered on Monday as unease over a new coronavirus strain that was shutting much of the United Kingdom offset news a deal had finally been struck on a long-awaited U.S. stimulus bill.FILE PHOTO: An investor places his hands on the back of his head in front of an electronic board […]
SYDNEY (Reuters) – U.S. stock futures traded sideways in Asia on Monday as investors gave a cautious welcome to news a deal had been struck on a long-awaited U.S. stimulus bill, though “difficult” Brexit talks dragged on with no agreement in sight.FILE PHOTO: An investor places his hands on the back of his head in […]
Of the many existential questions raised by the pandemic, one that has not yet been answered is: what are meetings, and meeting rooms, for? Zoom’s revenues quadrupled in its latest quarter. Whether it survives growing competition from Microsoft Teams or a vaccine-induced return of workers to the physical workplace, its name will live on as […]