By Kathryn Vasel Mass layoffs are back in the news. January was particularly brutal for journalists. Buzzfeed announced it was reducing its workforce by 15%. Verizon cut about 7% of media divisionstaff. And Gannett, the nation’s largest newspaper chain, slashed dozens of jobs across the country. Hearing the news that you’ve just been laid off can be a devastating […] Read more
A $1 million settlement for a company with annual revenues of $270 million is not usually enough to bat an eyelash, except when it has to do with North Korea. The U.S. Office of Foreign Assets Control says e.l.f. Beauty imported 156 shipments of false eyelash kits, valued at $4.43 million, from two suppliers located […] Read more
By Hanna Hoikkala The waterfront in the old city area of Stockholm The holding company that manages about $37 billion in assets for Sweden’s Wallenberg family says political risk stemming from trade wars and Brexit could have serious repercussions for a number of its investments. Johan Forssell, the chief executive officer of Investor AB, says […] Read more
By: Shoon Naing, Antoni Slodkowski Myanmar leader Aung San Suu Kyi on Monday urged global investors to put their money into Myanmar, seeking to offset the negative impact of the Rohingya crisis and slow pace of economic reforms. Myanmar’s State Counsellor Aung San Suu Kyi attends Invest Myanmar in Naypidaw, Myanmar, January 28, 2019. Suu […] Read more
By Erik Schatzker and Jeremy Kahn A pedestrian checks a mobile device in front of the Uber Technologies Inc. headquarters building in San Francisco, California, U.S Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi said it was “possible” the ride-hailing giant would look for outside investors for its self-driving car unit, but isn’t currently searching for […] Read more
By Paul R. La Monica A top economic adviser to President Donald Trump told CNN on Wednesday that the US economy may show no growth in the first quarter if the federal government shutdown lasts much longer. White House Council of Economic Advisers Chairman Kevin Hassett said in an interview with CNN’s Poppy Harlow that […] Read more
By: Gordon Brown Parliament must inflict a second defeat on the government – by voting next Tuesday to extend article 50 for a year. Not as a delaying tactic, but for a purpose: to enable a process of nationwide consultation and reflection. Key to this would be a series of citizens’ assemblies whose thinking would […] Read more
By Oliver Smith As part of his investment, Snoop Dogg is also becoming the face of Klarna’s Smoooth Dogg campaign Klarna, the Swedish financial technology giant valued at $2.5 billion last year, has a new addition to its shareholder register from the most unlikely source. Millionaire American rapper Snoop Dogg, aka Calvin Broadus, has today […] Read more
China’s surprisingly weak trade data brought a four-day rally in European shares to a halt on Monday, with luxury goods and technology stocks leading the drop as investors fretted about slowing global growth and weaker-than-expected earnings. The pan-European STOXX 600 <.STOXX> was down 0.6 percent at 0833 GMT, reversing some of last week’s gains which […] Read more
Asian shares got off to a rousing start on Monday as a dovish turn by the Federal Reserve and startlingly strong U.S. jobs data soothed some of the market’s worst fears about the global outlook. Investors are keen to see how Chinese markets react to the central bank’s policy easing announced late on Friday, which […] Read more
