August 27, 2018
Uber ‘to focus on bikes over cars’
Uber says it plans to focus more on its electric scooter and bike business, and less on cars, despite the fact it could hurt profits. Boss Dara Khosrowshahi said that individual modes of transport were better suited to inner city travel. He also…
August 24, 2018
LOL! Procter & Gamble wants to trademark LOL
Procter & Gamble has applied to trademark acronyms that are common in text speak. If successful, terms including "LOL" (Laugh Out Loud), "NBD" (No Big Deal) and even WTF (too rude to spell out here) could be used to market products. The global…
August 23, 2018
Trump: Impeach me and the market crashes
US President Donald Trump has responded to speculation that he might be impeached by warning that any such move would damage the economy. In an interview with Fox & Friends, he said the market would crash and "everybody would be very poor". He…
August 22, 2018
Saudi Arabia has called off Aramco float, report suggests
Saudi Arabia is reported to have cancelled its plans to sell shares in state oil giant Aramco, which had been billed as the largest flotation ever. The group of financial advisers working on a plan to sell 5% of the company domestically and…
August 20, 2018
Greece emerges from eurozone bailout programme
Greece has successfully completed a three-year eurozone emergency loan programme worth €61.9bn (£55bn; $70.8bn) to tackle its debt crisis. It was part of the biggest bailout in global financial history, totaling some €289bn, which will take the…
August 15, 2018
Nearly $500K disappeared from school cafeterias. Officials say the lunch ladies did it
For four years, nearly half-a-million dollars quietly vanished from cafeteria registers at two schools in Connecticut. No one noticed the money was missing from the schools in New Canaan until 2017, when the school district installed an enhanced…
August 14, 2018
Turkey to boycott US electronic goods over sanctions
Turkey's President Recep Tayyip Erdogan has said his country will boycott US electronic products, after Washington imposed punitive sanctions on Ankara. "If [the US] has the iPhone, there's Samsung on the other side," Mr Erdogan said, referring to…
August 13, 2018
US ambassador Woody Johnson warns Britain to side with Trump on Iran
The United States ambassador to the UK has called on Britain to side with President Donald Trump on Iran or risk "serious trade consequences" for UK businesses.In a pointed intervention into an issue that has strained ties between the two allies,…
August 10, 2018
Venezuela exporting oil through Cuba to avoid sanctions
In an attempt to dodge international sanctions, the state owned Venezuelan oil company, PDVSA, is now running oil out of Cuba by transferring shipments between tankers at the island’s north-western port town of Matanzas. Thomson-Reuters reports…
August 8, 2018
China to hit US with tariffs on US imports worth $16bn
China's commerce ministry has announced that it will start imposing 25% import duties targeting $16bn (£12.4bn) worth of US goods. The Chinese counter-move will take effect immediately after the US imposes tariffs on the same amount of Chinese goods…