October 22, 2015
See how much tech giants like Apple and Google make per employee
One of the remarkable aspects of tech companies is just how much revenue and value some are able to generate with so few employees. Pessimists could view this as bad thing, that these companies don't require as many workers to generate massive…
October 14, 2015
Wal-Mart shares drop as company predicts lower profits
Shares in the world's biggest retailer, Wal-Mart, have plunged after it cut its profit forecast. The company said it expected earnings per share to drop by between 6% and 12% in the next financial year. The announcement sent shares of the company…
October 9, 2015
We’re cooked if we fail on climate change – IMF Chief
International Monetary Fund chief Christine Lagarde said Wednesday that failure to take urgent action on global warming will condemn humanity to the same fate as the Peruvian poultry that so many delegates to the group’s annual meeting are enjoying…
October 1, 2015
VW takes 4,000 cars off the UK market
Volkswagen is suspending the sale of 4,000 vehicles in the UK in the wake of the emissions scandal. The company said the vehicles may be equipped with the device that cheated emissions tests in the US. The move will involve vehicles across the VW…
September 29, 2015
700,000 cars have ‘cheat’ emissions software according to SEAT
Seat has said about 700,000 of its cars are fitted with the software that allowed parent company Volkswagen to cheat US emissions tests. A spokesman said they are currently trying to work out how many were sold in each national market. In Spain…
September 21, 2015
Coca-Cola Says IRS Demanding $3.3B in Taxes
Coca-Cola Co. says it has received notice from the Internal Revenue Service that it owes about $3.3 billion in extra taxes, plus interest. In a securities filing, the soft drink giant said Friday that it was fighting the huge bill. Coke said the…
September 16, 2015
Small firms split over European Union referendum vote
Small UK firms are split over whether to stay in the European Union or not, according to a survey of thousands of businesses. A Federation of Small Businesses (FSB) report found that 47% of members would vote "yes" and stay in, and around 41% would…
September 15, 2015
World Bank warns on US rate rise
The World Bank has warned developing countries to brace themselves for possible financial turbulence when the US Federal Reserve starts to raise interest rates. It could come as early as Thursday when the Fed concludes a policy meeting. A new report…
September 14, 2015
Toshiba troubles continue with new losses and falling sales
Japan's troubled Toshiba has posted a first-quarter net loss for the three months to June as sales fell to their lowest point in two and a half years. The firm said in a statement that its net losses for the quarterly period were 12.3 billion yen…
September 14, 2015
German finance minister Schaeuble warns of market bubble
The global economy faces a financial bubble from central banks pumping cash into economies, Germany's finance minister has warned. "We should take on board the lessons of the last crisis," said Wolfgang Schaeuble in his Budget speech. He added that…