Category: Business
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Black Friday 2018 is Expected to be the Best American has Seen in Years
byBlack Friday 2018 is likely to be the best America has seen in years. Total spend for Black Friday weekend is estimated to hit $59.6 billion with the best growth since 2011, according to estimates by GlobalData Retail. More people are shopping, shoppers are spending more, and online sales are way up ahead of and […]
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Samsung apologises to sick factory workers
bySamsung has formally apologised to employees who fell sick or died after working in its factories. In the apology, Samsung president Kim Ki-nam said staff and families had “suffered” because the South Korean company had been too slow to act. Earlier this month Samsung agreed a compensation deal for workers who fell ill while on […]
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Nissan votes unanimously to fire Chairman Ghosn, ending two decade reign
byYOKOHAMA, Japan/PARIS – Nissan Motor Co’s (7201.T) board voted unanimously to oust Chairman Carlos Ghosn on Thursday after the shock arrest of the industry heavyweight, ushering in a period of uncertainty for its 19-year alliance with Renault (RENA.PA). The Japanese firm said its board also voted to remove Greg Kelly – who like Ghosn has […]
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Airbnb plans to remove listings in Israeli West Bank settlements
byIsraeli officials responded saying they would consult next steps with the U.S. JERUSALEM — Home-rental company Airbnb announced on Monday it would remove its listings in Israeli settlements in the West Bank, prompting outrage from Israeli officials. The company said it will take down some 200 listings and cease its operations in Israeli settlements “that […]
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Consumer group says most U.S. cancer centers use misleading ads
byMajority of ads examined were ‘deceptively promoting atypical patient testimonials.’ Some of the country’s biggest and most prestigious cancer treatment centers are using misleading testimonials that don’t disclose their results aren’t typical, according to a watchdog report. Out of 48 cancer centers, 90 percent used “deceptively promoting atypical patient testimonials,” in television and digital marketing […]
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Apec summit ends without statement over US-China division
byAn Asian economic summit has ended without a formal leaders’ statement for the first time because of US-China divisions over trade. Papua New Guinea’s Prime Minister Peter O’Neill said “the two big giants in the room” had been unable to agree. He said a chairman’s statement for the Asia-Pacific Economic Cooperation (Apec) summit would be […]
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Delta adds 10 A330neo in boost to Airbus’ slow-selling jet
byPARIS/CHICAGO – U.S. carrier Delta Air Lines (DAL.N) said on Friday it ordered 10 Airbus (AIR.PA) A330neo long-haul jets, reinforcing its position as the first U.S. airline to operate the upgraded jet and lending its influential support to a slow-selling model. The additional A330neo purchase is worth some $3 billion at list prices but is […]
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Apple shares drop after iPhone supplier Lumentum cuts forecast
byApple Inc (AAPL.O) shares fell to their lowest in more than three months on Monday as the main supplier for its Face ID technology, Lumentum Holdings Inc (LITE.O), slashed revenue and profit forecasts, citing reduced orders from a major customer. Stoking fears among investors that demand for iPhones is waning, Lumentum said in its statement […]
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Alibaba Singles’ Day tops $30 billion but growth rate plunges
bySHANGHAI – Chinese e-commerce giant Alibaba Group Holding Ltd cashed a record 213.5 billion yuan ($30.70 billion) in sales on Sunday during its 24-hour online retail frenzy Singles’ Day, but the event’s annual growth dropped to its slowest-ever rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk […]
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Skip the fancy restaurant and try a food hall on your next business trip
byFood halls are the promised land for intrepid as well as indecisive diners. Slurp up soup dumplings here; grab a bánh mì sandwich there; munch on a fish taco elsewhere. Finish up with a mango mochidoki — and return the next day for an entirely different menu. For the business traveler, food hall dining is […]
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