December 8, 2015
Oil Prices Fall to 7-year Low; Stocks Falter
Crude oil prices fell to their lowest level since 2009 in Tuesday's global trading. The latest in a long string of price plunges follows Friday's meeting of the Organization of Petroleum Exporting Countries that failed to reach a consensus to cut…
December 8, 2015
Digicel Play inks deal for child-friendly video service
Digicel Play today announced that it has signed a deal with A Parent Media Co Inc (APMC), owner of children’s over-the-top (OTT) entertainment service, Kidoodle.TV®, to bring a new entertainment and educational experience to its growing customer…
December 7, 2015
Greece Approves 2016 Budget With Less Spending, Higher Taxes
Greece's Parliament has approved the 2016 budget that includes deep spending cuts and tax hikes amid economic recession. The budget passed early Sunday, 153-145, with two lawmakers absent in the 300-member Parliament. The vote was strictly along…
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…