TOKYO (Reuters) – Japan’s biggest retail group Seven & I Holdings Co Ltd said it is replacing the head of its 7-Eleven convenience store business, amid pressure to abandon its 24-hour store policy due to a shortage of workers. Seven-Eleven Japan Vice President Fumihiko Nagamatsu will replace President Kazuki Furuya, the company said on Thursday. […]
TOKYO (Reuters) – Oil prices slipped a second day on Thursday, with Brent edging down further from the $70 mark after weekly U.S. oil data showed a surprise build in crude inventories and record production. Brent futures were down 3 cents at $69.28 a barrel by 0603 GMT. Brent fell 6 cents on Wednesday, after […]
The boom period of Irish tourism looks to be over, with revenue growth set to slow substantially this year. Tourism Ireland boss Niall Gibbons said hoteliers will find it hard to pass on the Vat hike brought in in January in full because of weaker demand growth. “Demand won’t be increasing at the same rates […]
SAN FRANCISCO/BENGALURU, India (Reuters) – Tesla Inc deliveries fell 31 percent in its first quarter as the electric car maker struggled with its first shipments of the Model 3 sedan to Europe and China due to longer transit times. But the Silicon Valley carmaker reaffirmed its guidance to deliver between 360,000 and 400,000 vehicles this […]
Britain’s Brexit turmoil inflicted further damage on the economy last month as the nation’s huge services sector shrank for the first time in more than two-and-a-half years. With Parliament gridlocked and Britain’s short-term future increasingly uncertain, companies and households held back spending in March, IHS Markit said yesterday. Its Purchasing Managers’ Index indicates that the […]
TOKYO (Reuters) – Oil prices dipped on Thursday, with Brent edging away from the psychologically important $70 level after easing in the previous session on data showing a surprise build in U.S. inventories. Brent futures eased 2 cents to $69.29 by 0100 GMT. On Wednesday, Brent dipped 6 cents, after touching $69.96, the highest since […]
BRASILIA (Reuters) – Brazil has proposed a compromise to a seven-year battle that has quietly raged over the Amazon.com internet domain: let the nations bordering the world’s largest rainforest co-govern the digital address with the biggest online retailer. Amazon.com Inc has been seeking rights to the domain name since 2012. But Amazon basin countries Brazil, […]
(Reuters) – Millions of Facebook Inc’s user records were inadvertently posted on Amazon.com Inc’s cloud computing servers in plain sight, researchers at cybersecurity firm UpGuard reported on Wednesday. Facebook said last month it resolved a glitch that exposed passwords of millions of users stored in readable format within its internal systems to its employees. Cybersecurity […]
WASHINGTON (Reuters) – U.S. services sector activity hit a more than 19-month low in March and private payrolls grew less than expected, underscoring a loss of momentum in the economy that supports the Federal Reserve’s move to suspend interest rate hikes this year. The reports on Wednesday came on the heels of some modestly upbeat […]
WASHINGTON (Reuters) – U.S. President Donald Trump has signed a memorandum setting in motion a way to address trafficking of counterfeit goods through third-party online marketplaces, White House economic adviser Peter Navarro said on Wednesday. The order is aimed at stopping the sale of counterfeit products through companies like Alibaba Group Holding Ltd, Amazon.com Inc […]