Business News
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Japan stocks continue to gain despite the Brexit turmoil
Japanese shares on Tuesday continued to roll back losses from last Friday's sharp post-Brexit tumble. After initial losses in morning trade, the Nikkei 225 index continued to build on Monday's gains and was up by 0.5% to 15,387.99 points. With the yen remaining strong, Japanese e
VW US emissions settlement reported to cost $15bn
German carmaker Volkswagen has reportedly reached a $15bn (£11.3bn) settlement with US car owners after admitting it cheated emission tests. The deal would offer to repair or buy back the affected diesel vehicles and pay owners compensation, according to sources close to the talk
EU referendum: What next for the world's central banks?
Economic policymakers must now decide whether and how they should respond to the UK's vote to leave the EU. A Leave vote was always seen as more likely to generate significant disturbances in the financial world. For that reason it is also the result which was thought more likely
Tesco To Sell Coffee Chain To Caffe Nero
Shares rise as the supermarket reveals plans to sell its coffee business and reports more sales growth for the wider group. Tesco has announced it plans to sell coffee chain Harris and Hoole to Caffe Nero - as boss Dave Lewis said he was encouraged by progress across the wider bu
Flat Day For Pound As EU Vote Looms Large
A much calmer session for the pound and world stock markets, reflecting relative calm despite the referendum on Thursday. Sterling remains at its highest level since the start of the year despite polls suggesting a boost for the Remain campaign in the EU referendum. The pound con
More Than 1,280 Business Leaders Urge Remain
Figures such as Richard Branson and Charles Dunstone join printers and farmers in calling on people to reject Brexit on Thursday. Remain campaigners are claiming a coup after winning the backing of 1,285 business leaders on the final day of the EU referendum campaign. The firms,
China builds world's most powerful computer
A new supercomputer from China has topped the latest list of the world's most powerful machines. The 93 petaflop Sunway TaihuLight is installed at the National Supercomputing Centre in Wuxi. At its peak, the computer can perform around 93,000 trillion calculations per second. It
Telcos better network quality; more to be done for call drops
Most of the telecom operators have shown improvement in network performance although Airtel, Vodafone, Reliance, Aircel and Idea need to better their call drop rate performance in Delhi-NCR, Trai on Monday said. According to Trai's 'Independent Drive Test Report' for May, there h
Markets end higher taking Rexit in stride, easing Brexit worries
Markets ended higher on Monday after opinon polls in Britain over the weekend, ahead of the referendum on Thursday, increased the possibility that Britain would continue to remain in the European Union. Earlier, markets witnessed a knee-jerk reaction after RBI Governor Raghuram R
Govt approves 100% FDI in aviation, defence, e-commerce
Government on Monday relaxed foreign direct investment norms in a host of sectors including civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route. Other sectors in which FDI norms have been relaxed include e-commerce in food
Gas 'Blow-Out' Kills Man At East Cleveland Mine
The emergency services and the mine's rescue team are working at the scene following the blast in the early hours of Friday. A man has been killed after a "sudden and powerful release of gas" at one of Europe's deepest mines. The mine in Boulby, East Cleveland, produces potash, a
YouTube is built on the back of stolen content says Trent Reznor
Nine Inch Nails’ Trent Reznor is the latest artist to join the music industry’s war of words with YouTube, attacking Google’s video service over the role it plays for musicians. “I find YouTube’s business to be very disingenuous. It is built on the backs of free, stolen content a
PlayStation boss 'surprised' by Xbox Scorpio announcement
Andrew House says PlayStation 4 Neo console isn’t ready to show off yet and Sony will wait until there is enough content to illustrate its benefits Sony will not show the updated PlayStation 4 Neo console until there is enough content available to illustrate the benefits of the m
Poundland profits crash as 99p Stores buyout takes its toll
Cut-price retailer blames red tape for decline in sales of its rival before it was bought out as South African company weighs up takeover bid Poundland, which faces a possible takeover bid from the South African conglomerate Steinhoff, has reported a sharp fall in profits, follow
Amazon Employees steal Rs 10 lakh worth Mobiles
Employees of the e-Commerce major Amazon have allegedly stolen mobile phone worth about Rs 10.37 lakh from the company godown in Thane, Maharashtra. A...
Apple Reports First iPhone Sales Decline
Apple experienced its first-ever decline in iPhone sales, leading to a 13% drop in quarterly revenue. This downturn, amid fierce competition and economic slowdown, has put pressure on the company to innovate and diversify beyond its core smartphone business.
China Reiterates 'Rights' Over Disputed Island
China's defence ministry sent us their response by fax. We had asked whether they could confirm reports they had deployed surface-to-air missiles to a...
Toyota To Recall Nearly 3 Million Cars
Toyota, the world's biggest-selling car maker, is to recall 2.87 million cars globally due to a seatbelt fault. The Japanese firm said the global reca...
India to increase oil imports from Africa
India is looking at raising crude oil imports from Africa as part of efforts to diversify sourcing of energy and reducing dependence on the Middle Eas...
Gold price climb tames buying in China, blunts demand in India
Physical gold demand in Asia slowed this week as prices rose, curbing seasonal buying in China ahead of the Lunar New Year holiday and moving Indian o...
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