by | November 13, 2019 | 21:24

Efforts to lure Alibaba went all the way to the top of Hong Kong's government, with Chief Executive Carrie Lam exhorting billionaire Jack Ma to consider a listing in the city. Alibaba plans to sell about $13 billion equivalent worth of stock in a global offering. A successful Hong Kong share sale could also help finance a costly war of subsidies with Meituan Dianping in food delivery and travel, and divert investor cash from rivals like Meituan and WeChat-operator Tencent Holdings Ltd.

by | November 13, 2019 | 20:41

Traders appear to be betting heavily on a rate cut despite indications from the forward interest rate markets that the odds of such a move are substantially less, about 60% late last week, in the wake of improvement in China/US trade tensions, which has sent world stock markets soaring and brightened the economic outlook worldwide.

by | November 13, 2019 | 18:46

This could mean good news for state pensioners, who are set to receive a 3.9% increase next April under the triple lock system, which guarantees a minimum increase in the state pension each year. RPI was last lower in October 2016. Energy regulator Ofgem lowered price caps in October, while official statistics showed that consumer prices went up 1.5 per cent over the month, compared to 1.7 per cent in September.

by | November 13, 2019 | 15:55

Musk made the announcement about the Berlin plant at the Golden Steering Wheel awards ceremony in Germany. "There's not enough time tonight to tell all the details ", Musk said during an on-stage interview with Volkswagen Group CEO Herbert Diess, reported TechCrunch .

by | November 12, 2019 | 07:42

Industrial output had turned negative in August, crashing to an 81-month low, with across the board contractions reducing output by 1.4 per cent. "The late withdrawal of the monsoon is likely to have dampened construction activity in various states, contributing to the contraction in the output of infrastructure/construction goods in September".

by | November 12, 2019 | 06:43

He also said there had been incorrect reporting about US willingness to lift tariffs. Mr. Trump said over the weekend that negotiations were moving along "very nicely" but dismissed reports that he has agreed to lift tariffs on Chinese products by a certain level.

by | November 12, 2019 | 04:30

Ice compelled the airplane to go away the runway Monday early morning at Chicago O'Hare Intercontinental Airport, American Airways instructed WMAQ and different data retailers. "I think we landed", one female passenger can be heard saying after the jolt. Another passenger, Luis Torres Curet, told the outlet there was "no visibility at all".

by | November 11, 2019 | 22:40

British Steel went into liquidation in May and has been kept running by the Government since. Jingye Group has agreed in principle to buy British Steel for £70m. The UK steel industry has struggled for several years amid claims that China has flooded the market with cheap products. Murdoch said: "On the face of it, we cautiously welcome this sale, which finally provides some light at the end of the tunnel for 4,000 British Steel workers".

by | November 11, 2019 | 22:37

A deal with China - nearly no matter how superficial in the first instance - is also key to Trump's ability to maintain his Republican support in the Senate that he needs to avoid impeachment and he is highly aware of how big the trade war plays in the news and in the markets.

by | November 11, 2019 | 22:21

Saudi officials claimed he was murdered in a "rogue operation" carried about by a team of agents, while others - including Turkish officials and the Central Intelligence Agency - said the agents acted on orders from the highest levels of the Saudi government, including Crown Prince Mohammed bin Salman .

by | November 11, 2019 | 21:05

New estimates from the Office for National Statistics (ONS) show British GDP grew by 0.3% between July and September. Predictions by the Bank of England and National Institute of Economic and Social Research ahead of the publication forecast growth of 0.4% and 0.5% for the quarter.

by | November 11, 2019 | 16:40

Protests have occurred nearly daily, sometimes with little or no notice, disrupting business and piling pressure on the government. There have been nearly daily protests in Hong Kong , but it was rare for tear gas to be fired during working hours in Central, lined with bank headquarters and top-brand shops.

by | November 11, 2019 | 15:10

Turkey has over the past few weeks criticized Western states, including Britain and the Netherlands, for refusing to take back their nationals who had joined the militant group and vowed to send back IS militants - even if their citizenship has been revoked, AP reported .

by | November 11, 2019 | 12:05

Singles' Day, or 11.11 as it is commonly known as in China , celebrated on the 11th day of the 11th month of the year, is considered to be the biggest shopping day of the year, surpassing the commercial success of Black Friday and Cyber Monday.

by | November 11, 2019 | 10:31

Musk's tweet , posted early Friday, was a response to comments Einhorn made in a shareholder letter last week, in which he accused Tesla founder Musk of fraud and claimed the "accepted reality appears to be that Elon Musk is above the law".

by | November 11, 2019 | 03:56

Singles Day is a bit like Alibaba's version of Amazon's Prime Day. The figure not only surpassed the e-commerce giant's own record, but is also topped Black Friday and Cyber Monday U.S. NZ Post completes well over half of these deliveries with more than 78 million parcels delivered a year ago. In November and December it delivered a total of 14.5 million parcels.

by | November 10, 2019 | 22:44

On a year-over-year basis, employment was up by 443,000, an increase of 2.4 per cent. We still expect the Bank of Canada to cut rates in January, but the state of the labour market is the least of their worries. Year-over-year, the unemployment rate is up from October 2018, when it sat at 4.3%, and when 1,800 were unemployed in a labour force of 41,600. "Still many areas for improvement, and much work left to be done, but encouraged to see another 4,600 jobs added in London last month", ...

by | November 10, 2019 | 20:38

In the roughly 650-page prospectus, Aramco said the offering period for investors will begin November 17. However, the exact number and percentage of the stock that the company will offer, as well as the final share price, will be determined at the end of that period, according to the document.

by | November 10, 2019 | 16:59

The last remaining Kmart's will be in Columbia and Willow Street, in Lancaster County. Sears also secured $250 million in new financing, Transformco, the holding company for Sears and Kmart, said Thursday in announcing the closures. That left Sears faced with the choice of raising additional money or potentially closing even more stores, they said. "We will endeavor to create and deliver value through a strategic combination of our better performing retail stores and our service ...

by | November 10, 2019 | 16:12

Therefore any company using the WhatsApp Business app will now be able to create a passable impression of an online shop entirely within WhatsApp using just a few presses and photos, with users in the United Kingdom and USA, along with Brazil, Germany, India , Indonesia and Mexico, able to try it from today.

by | November 09, 2019 | 23:07

On Thursday (November 7), customers can get a free reusable holiday-themed cup, as well. Starbucks hasn't commented yet on why the latte won't be returning, but a representative did say that other seasonal favorites are back on the menu, including the Eggnog and Peppermint Mocha lattes.

by | November 09, 2019 | 14:11

Fast-food giant KFC has asked social media to help it locate a couple after the guy proposed to his girlfriend at one of its stores. "DM us any leads, there might be a Finger Lickin' Good surprise in it for you too ..." KFC replied to their initial call for help and said: 'South Africa , you guys are unbelievable! Because love is a handsome thing that needs to be celebrated, the fast food chain has now started a nationwide search for the couple so that they can "bless" them.

by | November 09, 2019 | 12:37

This also reflects the overall trend of retailers lengthening Black Friday sales into longer Cyber Week affairs. Christmas ads are dropping and shops are putting out their decorations, which can only mean one thing - Black Friday is drawing near.

by | November 09, 2019 | 08:06

It is not clear why this months-long delay happened. Phone companies blamed each other as people complained of confusing fragments of conversation or unwelcome contact from ex-lovers or deceased relatives. The cause of this weird fault has been traced to a maintenance update performed on November 6 to a system all the mobile carriers rely on to relay messages.

by | November 08, 2019 | 17:59

SoftBank Group recorded a massive loss of $6.5 billion in the third quarter, spurred by some of its biggest tech bets like Uber and WeWork . SoftBank's Vision Fund posted a 970.3 billion yen loss in the quarter, citing a drop in valuation of investments.