FRANKFURT — In Hamburg, a fleet of electric Volkswagen vans owned by a ride-hailing service roams the streets picking up and dropping off passengers. The vehicles steer themselves, but technicians working from a remote control center keep an eye on their progress with the help of video monitors. If anything goes wrong, they can take […]
Sunshine, football and pent-up shopping demand have helped retailers enjoy their strongest quarter of growth for more than two decades, figures show. Sales for the April-June period were 10.4% ahead of the same month in 2019 – with 2020 performance stripped out of comparisons because of the closure of shops during lockdowns. It was the […]
The European Union has paused plans for an online sales tax that would have affected US tech giants such as Amazon. Brussels is putting the plans on ice following pressure from Washington – and after the G20 club of the world’s largest economies endorsed a separate overhaul of corporation tax. Plans for the digital tax […]
OPINION: The history that led up to Auckland Council’s recent focus on Queen St’s makeover has certainly highlighted their ability to fragment and negatively disrupt a shopping area. But encouragingly, the debate around process and design has also brought to light the collective power landowners can possess if they unite for a single objective. The […]
Who’s in, who’s out? That’s the question swirling around potential purchasers of the Reebok brand. As the Aug. 2 deadline approaches for second-round bids to be submitted, speculation is rampant about who might buy the sports brand from Adidas, its German parent company. As reported, at the end of last year, Adidas put the brand […]
As Richard Branson and Jeff Bezos set off into space, without liability insurance, providers are planning ahead for future demand. By Andrew Ross Sorkin, Jason Karaian, Sarah Kessler, Stephen Gandel, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni Branson and Bezos launch a space race for insurers, too Richard Branson is scheduled to fly into suborbital space this […]
There are calls for a flexible start on Monday, or even a public holiday, so workers can celebrate England’s Euro 2020 victory… or recover from defeat. England faces Italy in the tournament on Sunday night in their biggest game for men’s football since the 1966 World Cup final. The match will be over by 10pm […]
WASHINGTON (Reuters) – President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, according to a source familiar with the matter.FILE PHOTO: U.S. President Joe Biden delivers remarks on his proposed […]
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo(Reuters) – Low rates of vaccination in some regions of the world pose a threat to the United States as well as global economic growth, Federal Reserve Bank of San […]
(Reuters) – Wall Street’s main indexes fell sharply on Thursday as the spread of the COVID-19 Delta variant cast doubts over an economic recovery, while a rout in Chinese tech stocks appeared to have spilled across markets.FILE PHOTO: The New York Stock Exchange is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough […]