Reliance Communications plunges 48% on decision to file for bankruptcy

They will implement the debt resolution plan through NCLT. The company is opting for debt resolution process to overcome the challenge of getting 100 percent lenders or creditors approval required for taking a decision around asset sale which has b... More..

by | Published more than a month ago
Ryanair's O'Leary Withdraws From Daily Fray After Union Turmoil
by | Monday, February 04, 2019

Ryanair's O'Leary Withdraws From Daily Fray After Union Turmoil

However, lower ticket prices meant the company slipped to a €19.6m loss, compared to a €105.6m profit at the same period previous year. Stronger ancillary revenue growth, of 26 per cent to €557 million for th...More..

The Latest Atlanta ready to show off its sunny side
by | Monday, February 04, 2019

The Latest Atlanta ready to show off its sunny side

There had been debate throughout the week about whether the roof would be opened or closed while the Patriots play the Los Angeles Rams. Even Mercedes-Benz - which owns the naming rights to the stadium in Atlan...More..

Hill’s recalls canned dog food for excessive vitamin D
by | Monday, February 04, 2019

Hill’s recalls canned dog food for excessive vitamin D

The dog food was distributed in pet stores and vet clinics around the U.S. The pet food company says no dry food or treats were affected, but that certain types of its Science Diet and Prescription Diet wet f...More..

Uber and Lyft Raise Prices in New York City, Citing Wage Law
by | Monday, February 04, 2019

Uber and Lyft Raise Prices in New York City, Citing Wage Law

A spokesman for the New York City Law Department also pushed back in a statement to CNN: "These rules protect thousands of hardworking drivers who work for the four busiest app companies". The formula was codif...More..

General Motors expected to cut 4,000 white-collar jobs Monday
by | Sunday, February 03, 2019

General Motors expected to cut 4,000 white-collar jobs Monday

GM hasn't said exactly when the other 2,000 salaried and contract jobs will be cut, although it will happen sometime this month. The company hopes the workforce cuts will save it $6 billion a year by the end of...More..

Range Rover SV Coupé axed
by | Sunday, February 03, 2019

Range Rover SV Coupé axed

The £240,000 Range Rover SV Coupe was set to attract customers from the likes of Lamborghini and Bentley with its luxurious touches. Land Rover's Australian arm had its hand up for 20 units of the propose...More..

BP joins Shell in making plans to combat climate change
by | Sunday, February 03, 2019

BP joins Shell in making plans to combat climate change

They include Hermes EOS, Aviva Investors and Legal and General Investment Management. They said on February 1 that while the resolution leaves it up to BP to "set out the process and methodology" for its disc...More..

UAE firm says it bought 3 tons of Venezuela gold
by | Sunday, February 03, 2019

UAE firm says it bought 3 tons of Venezuela gold

According to the media outlet, Caracas previously sold and shipped three tonnes of gold to Abu Dhabi on 26 January and followed the transfer of $900 million of mostly refined gold to Turkey previous year. "We d...More..

Reliance Communications to go for insolvency as it fails to repay debt
by | Sunday, February 03, 2019

Reliance Communications to go for insolvency as it fails to repay debt

Since its invocation of Strategic Debt Restructuring (SDR) initiated on June 2, 2017, the lenders have not received any proceeds from the asset monetisation plans, and the overall debt resolution process had no...More..

ScS Group ends talks to buy Sofa.com
by | Sunday, February 03, 2019

ScS Group ends talks to buy Sofa.com

Sofa.com has concessions in House of Fraser , the department store Mr Ashley bought out of administration in August past year. It also owns a raft of stakes in other United Kingdom retailers, including almos...More..

US Economy Adds More Than 300000 Jobs During Shutdown
by | Sunday, February 03, 2019

US Economy Adds More Than 300000 Jobs During Shutdown

The shutdown ended last Friday after Trump and Congress agreed to temporary government funding, without money for his U.S. -Mexico border wall. MARTIN: So explain how it seems to indicate that the governme...More..

Amazon’s outlook disappoints after record holiday quarter; shares fall
by | Sunday, February 03, 2019

Amazon’s outlook disappoints after record holiday quarter; shares fall

The company's subscription services grew 45 percent from a year ago, while advertising revenue almost doubled, to $3.4 billion for the quarter. Amazon said tens of millions of shoppers signed up for Prime d...More..

Nissan 'U-turn' expected on new X-Trail SUV in Sunderland
by | Sunday, February 03, 2019

Nissan 'U-turn' expected on new X-Trail SUV in Sunderland

It's also yet another nail in the coffin of Britain's future as a global competitor in pretty much anything once we back out of the European Union in two months' time. Investment in Britain's vehicle industry...More..

by | Sunday, February 03, 2019

BP Backs Shareholder Call to Align its Strategy With Paris Climate Goals

We are determined to advance the energy transition while also growing shareholder value. Helge Lund, the chairman of the company, stated: "BP is committed to helping solve the dual challenge of providing more...More..

New 2019 BMW 7 Series plug-in hybrid has an impressive electric range
by | Sunday, February 03, 2019

New 2019 BMW 7 Series plug-in hybrid has an impressive electric range

Their plug-in hybrid system now includes a 6-cylinder in-line petrol engine and a further advanced high-voltage battery with enlarged capacity. This system is created to not only improve the power and performan...More..

TSA agent dead after jumping from balcony inside Orlando Airport, police say
by | Sunday, February 03, 2019

TSA agent dead after jumping from balcony inside Orlando Airport, police say

In the ensuing chaos, some passengers scattered into the area beyond the security checkpoint, Koshetz said. U.S. Rep. Darren Soto, D-Kissimmee, said on Twitter news of the apparent suicide "only adds to trage...More..

Shell earnings rise on the back of higher oil prices
by | Sunday, February 03, 2019

Shell earnings rise on the back of higher oil prices

Shell urged investors to focus on returns, as the company paid its entire dividend in cash, curbed debt and started the next tranche of its US$25 billion buyback program. While that has helped boost profitabili...More..

China manufacturing survey shows shock fall in confidence
by | Sunday, February 03, 2019

China manufacturing survey shows shock fall in confidence

On Wednesday, the United States and China opened high-level talks aimed at bridging their deep differences over China's intellectual property and technology transfer practices and easing their tariff dispute. T...More..

Theresa May said calling Gibraltar a colony was unacceptable
by | Sunday, February 03, 2019

Theresa May said calling Gibraltar a colony was unacceptable

The port at the mouth of the Mediterranean, ceded to Britain by Spain in 1713 after a war, was a "crown colony" when Britain joined the European bloc in 1973 but London reclassified it as a "British overseas te...More..

Npower to axe jobs after failed SSE tie-up
by | Saturday, February 02, 2019

Npower to axe jobs after failed SSE tie-up

Chief executive Paul Coffey said Npower would make significant losses this year even with the savings from the job cuts but the company is doing "everything we can to minimise them whilst continuing to focus on...More..

Unilever shares fall as final quarter sales miss expectations
by | Saturday, February 02, 2019

Unilever shares fall as final quarter sales miss expectations

Unilever reported lower-than-expected fourth-quarter sales on Thursday, hurt by flat volume growth in developed markets. Mr Polman stood down at the end of December after a decade at the group where he ove...More..

European Union angers United Kingdom by calling Gibraltar a 'colony of the British Crown'
by | Saturday, February 02, 2019

European Union angers United Kingdom by calling Gibraltar a 'colony of the British Crown'

Twenty-nine percent of United Kingdom companies are either considering moving their operations overseas or are already implementing relocation plans due to the looming United Kingdom withdrawal from the Europea...More..

United Kingdom automotive sector hit by Brexit and diesel concerns
by | Saturday, February 02, 2019

United Kingdom automotive sector hit by Brexit and diesel concerns

A Department for Business, Energy & Industrial Strategy spokesman said: "As we leave the European Union we will seek the broadest and deepest possible agreement that delivers the maximum possible benefits for b...More..

Tesla's share price hits turbulence as electric vehicle giant's CFO departs
by | Friday, February 01, 2019

Tesla's share price hits turbulence as electric vehicle giant's CFO departs

A year ago in September the company's chief accounting officer, Dave Morton, resigned after less than a month. That's compared with a $311.5 million net gain in the previous quarter and a $675 million loss duri...More..

CNOOC reports discovery on Glengorm prospect, offshore UK
by | Friday, February 01, 2019

CNOOC reports discovery on Glengorm prospect, offshore UK

He didn't elaborate on specific timeframes for drilling and testing to appraise the resources. The significance of the gas discovery was highlighted by Kevin Swann, a senior analyst in the North Sea upstream ...More..

by | Friday, February 01, 2019

United States economy adds jobs for record 100th consecutive month

It's the second month the unemployment rate has increased, but economists say it's for the right reason: More people are coming off the sidelines and looking for work. "Don't be surprised if we see something le...More..

Recall expands for infant ibuprofen sold at CVS, Family Dollar
by | Friday, February 01, 2019

Recall expands for infant ibuprofen sold at CVS, Family Dollar

According to the recall, some of the recalled products have been found to contain Ibuprofen as high as 10 percent above the specified limit. Babies and young children may also experience nausea, vomiting, abd...More..

Amazon and other foreign companies adhere to the new FDI norms
by | Friday, February 01, 2019

Amazon and other foreign companies adhere to the new FDI norms

Moreover, delayed deliveries as a result of fewer vendors for the same product can impact customer experience significantly, pointed out K Vaitheeswaran, co-founder of India's first e-commerce company Fabmart. ...More..

by | Friday, February 01, 2019

Amazon's forecast disappoints despite strong 4Q

Net income jumped 63 percent to $3 billion for the fourth quarter, ahead of analysts' estimates. "India remains a good long-term opportunity", he said. Amazon Web Services , which includes the company's cloud c...More..