Saturday, 28 Sep 2024

Business

Business News Today: Get all the Latest Business News, Economy News, International Business News on the news24x7world.com. Read Business News …

SoftBank plans Nvidia stake sale soon, could make about $3 billion: Bloomberg

TOKYO (Reuters) – SoftBank Group Corp (9984.T) is planning to sell its stake in Nvidia Corp (NVDA.O) early next year as the U.S. chipmaker’s shares slide, Bloomberg reported, citing people familiar with the matter. The Japanese company could make about $3 billion in profit from the transaction, the report said. Source: Read Full Article

Christmas risk from thousands of fake iPhones and designer bags on sale

Shoppers are at risk of buying thousands of fake iPhones and Louis Vuitton handbags this Christmas, the Home Office has warned. Border Force, which carries out immigration and customs controls for people and goods entering the UK, said counterfeit products have potential health and safety risks, as they have not been subject to the vital […]

Two lawmakers want GM to commit to producing all U.S. EVs domestically

WASHINGTON (Reuters) – Two U.S. senators from Ohio on Tuesday asked General Motors (GM.N) chief executive Mary Barra to commit to building all future electric vehicles for U.S. buyers at home and to provide more details of plans to cut back on car production in North America. The letter from Republican Senator Rob Portman and […]

Galaxy S9 is now free as incredible Samsung offer launches online

The Samsung Galaxy S9 is one of the most coveted handsets of the year, the biggest rival to Apple’s iPhone and overshadowed only by Samsung’s Note 9. But for that reason, it also usually comes at a hefty price tag, currently on sale for £699 on the Samsung website (a small discount on the original […]

INM to ask inspectors to examine fresh data interrogation claims

The chief executive of Independent News & Media (INM) has said the company will ask High Court inspectors to examine allegations that the hard drives and emails of editors and other senior staff were searched without their permission. Michael Doorly told a meeting of staff at the media group’s Dublin headquarters that he was “deeply […]

Wage growth climbs to new near 10-year high

The pay figure reported by the Office for National Statistics (ONS) is an improvement on the 3.2% increase recorded a month ago and the best since the last quarter of 2008. It also meant that in real terms – that is, stripping out the impact of inflation – earnings were now growing faster than at […]

Home delivery: Hines and APG to invest €1bn in new rental stock for Dublin

US real estate giant Hines and Dutch partner APG Asset Management have announced their intention to deliver a total of 3,000 homes to the rental market in Dublin and the greater Dublin Area in the coming years. News of the estimated €1.1bn investment in Ireland’s Build-to-Rent market came at the commencement yesterday of construction on […]

Asia shares near three-week lows, sterling struggles on Brexit woes

SYDNEY (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. Chinese Vice Premier Liu He spoke with U.S. Treasury Secretary Steven Mnuchin […]

SEC says Citadel Securities ordered to pay $3.5 million as penalty

(Reuters) – The U.S. Securities and Exchange Commission said on Monday that Citadel Securities LLC has been ordered to pay a penalty of $3.5 million for reporting incorrect trade execution data for about 80 million trades from November 2012 to August 2016.     Citadel Securities, which provides trading services to asset managers, banks, broker-dealers, and […]

Chinese province pledges billions to drive tech, innovation

SHANGHAI (Reuters) – China’s coastal province of Zhejiang, home to e-commerce giant Alibaba (BABA.N), has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, the state news agency Xinhua reported. The plan comes at a time when central and local governments around China are taking increasing steps […]