Money

Lyft in the fast lane after shares debut on Nasdaq

Lyft co-founders Logan Green and John Zimmer were also joined by some of the comnpany's drivers on Friday morning. On Friday it started trading at $87.24 on...


Daimler and Geely find 'smart' solution in China

With volumes and margins too low, in spite of the industrial cooperation with Renault, dark clouds were gathering above the two- and four-seater micro vehicle b...


Sony’s Kaz Hirai Set for Summer Retirement

Hirai's decision to step down as CEO in 2018 caught Hollywood by surprise, where he was considered Sony's entertainment properties loudest and most powerful ...


Swedbank's CEO Fired as Money Laundering Scandal Grows

No, we have no comment on that right now", says Anette Ringius , press contact at Swedbank . Swedish broadcaster SVT had reported last month that Swedbank ...


USA fourth-quarter GDP revised down; corporate profits fall

Business investment still helped drive overall GDP growth in late 2018, contributing 0.73 percentage point to the quarter's 2.2% growth rate. The U.S. The fin...


Google finally pulls 'gay conversion' app from its online store

Living Hope Ministries has claimed that the app does not promote or endorse conversion therapy. Google announced its decision to pull the app on Thursday, aft...


Nissan committee says facts point to legal violations by former chairman Ghosn

The governance committee recommended that Nissan's representative executive officer could not also concurrently be a director, executive officer or employee of ...


Kia takes the wraps off two new SUVs in Seoul

They're meant to give us an idea as to what Kia SUVs will look like over the next few years, with the models said to inspire the company's future design langu...


Shirebrook-based Sports Direct considering £61.4 million offer for Debenhams

Shares in Debenhams were up nearly 50% at 3.3p on Wednesday afternoon. Debenhams , hit by the crisis on the high street, is now trying to raise up to £200m...


Ashley lashes out over Debenhams snub

In any event, Sports Direct believes that as a result of the entry into of Debenhams' recent financing arrangements, the outcome of any negotiation with a p...


Ahead of Vote, Turkey's Erdogan Says US Attacking Economy

The head of state noted that the problems faced by Turkey are artificial and are created by a number of countries interested in weakening Turkey . Sources s...


U.S. trade deficit drops 15% in Jan

United States imports, as well as the trade deficit, had surged late a year ago as importers likely pre-ordered their shipments amid the looming tariff hike. Ex...


Changi Airport bags Skytrax best airport title for 7th straight year

CAG's chief executive Lee Seow Hiang, who was in London to accept the Skytrax award, said: "This achievement was made possible by the strong support from our ai...


U.S. Government: Grindr Is a "National Security Risk"

Grindr itself is based in West Hollywood, California; last summer Kunlun said that it was planning to spinoff the dating app via an IPO that would have made Gri...


British national security at risk due to Huawei, warns damning report

The board also claims the firm had made "no material process" regarding similar issues it reported previous year. " No material progress has been made by Huaw...


For every S$1 men earn in Singapore, women earn about 87¢

In its report, entitled Progress on the Gender Pay Gap: 2019 , while significant pay gaps remain between men and women, the UK, US, France and Australia, have ...


Lyft valued at $24.3 billion in first ride-hailing IPO

The success of the IPO indicates many investors were willing to overlook uncertainty over Lyft's path to profitability and its strategy for autonomous driving...


5G security: Europe worries about backdoors into its networks

The statement is attributed to Abraham Liu, chief representative of Huawei to the EU institutions, on the occasion of the publication of the European Commissio...


Kiwi dollar plunges as Reserve Bank hints at interest rate cut

Wednesday's statement dropped the outlook in the previous policy statement that the RBNZ expected to hold the OCR steady through 2020. The New Zealand doll...


Stranded on stuck ferry

She says the vessel involved in the accident will be out of service for repairs until further notice . BC Ferries says there is some damage to the hull plati...


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