(Reuters) – Best Buy Co Inc shares surged 16 percent on Wednesday after it gave an upbeat profit forecast for the year and reported better-than-expected holiday-quarter sales. The company, which cited the frenzy for battle royale game “Fortnite” for a boost in sales of gaming gear, also announced an 11 percent boost to its quarterly […]

BRUSSELS (Reuters) – The European Union should set up a police force to investigate tax evasion and financial crime and create a watchdog to counter money-laundering, EU lawmakers said in a report on Wednesday, which accuses seven member states of acting as tax havens. The report is the result of a year’s work by a […]

Ted Baker shares have plunged after it issued a profit warning for its last financial year and said the figure could fall even further. In an unscheduled update to the market the fashion chain, which is facing pressures from a tough consumer environment and misconduct inquiry against its chief executive, said a series of costs […]

Keeping abreast of ever-changing technology is the cornerstone of digital marketing business Zion Global Marketing. This ability to move with the times enabled the company to expand at a compound annual growth rate of 86 per cent from 2014 to 2017. That stellar growth put the firm at 14th place on a list of fastest-growing […]

HANOI (Reuters) – Vietnamese carriers VietJet and Bamboo Airways on Wednesday signed deals with Boeing Co to buy 110 planes worth more than $15 billion as the fast-growing companies look to expand their operations in Asia and beyond. On the sidelines of a summit between U.S. President Donald Trump and North Korean leader Kim Jong […]

Almost half of EU member states have already hit 2020 climate change targets, while Ireland lags behind on renewable energy. With the State expected to fall well short of meeting the goal of reducing 2005 output levels by 20pc by 2020, Ireland faces the prospect of a non-compliance bill running to hundreds of millions of […]

As the Dáil last night debated emergency legislation for a worst-case Brexit, there was hope in Government circles that the planned sequence of votes in the House of Commons could prevent a no-deal scenario. Senior sources said the latest developments in London “would seem to make a no-deal scenario much less likely”. While the situation […]

TOKYO (Reuters) – Asian shares edged higher on Wednesday and the dollar fell to a three-week low after Federal Reserve Chairman Jerome Powell reinforced the U.S. central bank’s recent shift toward a more “patient” approach on policy in the face of a slowing economy. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.1 percent […]

SEOUL (Reuters) – Hyundai Motor Group on Tuesday rejected demands by U.S. activist investor Elliott Management for a combined 7 trillion won ($6.3 billion) dividend payout and new board members, complicating efforts to revamp South Korea’s second-biggest conglomerate. Opposition from Elliott led Hyundai to drop an attempt to overhaul its ownership structure last year, and […]

Ride-hailing firm Gojek has struck a partnership with a Singapore-based insurance company to offer coverage for its drivers. The scheme, which takes effect from April 1, was designed in consultation with the National Private Hire Vehicles Association. Gojek drivers can get earnings protection coverage of $80 a day at preferential rates, owing to the partnership […]