Title Description Posted Date
Best Buy to shut 250 phone stores

Best Buy, the U.S.' largest consumer electronics retailer, will close 250 mobile phone stores in U.S. malls. As Fred Katayama reports, the moves comes as the company turns itself around.

03-Mar-2018
EU to Internet giants: Drop extremist co

The European Commission has told firms like Google and Facebook to remove "terrorist content" an hour after it is first notified, or face legislation forcing them to do so. Matthew Larotonda reports.

03-Mar-2018
Peugeot posts record earnings, despite O

Buoyant sales of new models helped French carmaker PSA Group shrug off losses at newly acquired Opel to lift 2017 revenue, profit and operating margin to new records.  Sonia Legg reports.

03-Mar-2018
Walmart hikes minimum age of purchasing

New Delhi, Mar 01 (ANI): United States' retailer 'Walmart' is tightening its policy on gun sales. Yesterday, the company said it would raise the minimum age to buy firearms from 18 to 21. Walmart also said it would remove items from its website that resemble rifles. Its stores had already stopped the sale of high-powered guns and accessories in 2015. The retailer's shake up comes as the White House weighs in on gun control after last month's Florida high school shooting.

03-Mar-2018
WPP punished for slow response to ad uph

WPP, the world's biggest advertising group, vowed to break down the barriers between its agencies to support clients better after its worst results since the financial crisis and a disappointing outlook sent its shares plunging. Sonia Legg reports.

03-Mar-2018
Global economy: PMIs point to steady gro

The euro zone's manufacturing boom slowed a little further last month but factories across the bloc still appear to be enjoying their best growth spell in almost two decades. China's manufacturing data was also positive but, as David Pollard reports, the UK was once again the laggard.

03-Mar-2018
FM Jaitley launches GPF module for gover

New Delhi, Mar 01 (ANI): Finance Minister Arun Jaitley on Thursday launched a centralised General Provident Fund (GPF) module on the occasion of 42nd Civil Accounts Day. The electronic Pension Payment Order (ePPO) includes integration of the BHAVISHYA application of Department of Pension and Pensioners' Welfare and the Pension Authorization Retrieval and Accounting System (PARAS) application of Central Pension Accounting Office (CPAO) with Public Financial Management System (PFMS) for seamless processing of pension cases thereby eliminating delays and errors.

03-Mar-2018
Walkie wearables - the fitness tracker f

The latest wearable devices have been showcased at Mobile World Congress in Barcelona, as designers attempt to breath new life into a flagging market. As Ivor Bennett reports, one Finnish company is hoping pets will be a hungrier market than humans.

03-Mar-2018
Dick's Sporting Goods curbs gun sales

Dick's Sporting Goods said it will permanently stop selling assault-style rifles after a massacre at a Florida high school. Aleksandra Michalska reports.

03-Mar-2018
Wall Street falls on interest rate worri

U.S. stocks sold off late to end sharply lower, dragged down by worries over higher interest rates. Aleksandra Michalska reports.

03-Mar-2018
Bayer to win EU approval for $62.5 bln M

German drug and crop chemicals maker Bayer is set to win conditional European Union antitrust approval for its $62.5 billion bid for world No. 1 seed company Monsanto, sources told Reuters. Aleksandra Michalska reports.

03-Mar-2018
EU drafts N.Ireland control, urges faste

Northern Irish border controls eclipse trade as a key sticking point in Brexit negotiations as the European Commission publishes its draft withdrawal treaty.  David Pollard reports.v

03-Mar-2018
Geely's Daimler stake: Germany weighs ti

Germany will investigate whether to tighten the rules that govern when an investor needs to disclose a holding in a company after news that China's Geely purchased a $9 billion stake in Daimler surprised the market. Silvia Antonioli reports.

03-Mar-2018
SBI, Tez focus on growth of digital paym

New Delhi, Feb 28 (ANI): Technology giant Google on Wednesday announced a deeper integration with State Bank of India (SBI) for its mobile payments app, Tez. The integration will allow Tez users to now create SBI Unified Payments Interface (UPI) id - @oksbi and get access to exclusive offers for SBI customers. The two will focus on building unique propositions for users and merchants including specially curated offers. Tez, since its launch in September 2017, has processed over 250 million transactions and has over 13.5 million monthly active users, across India, from the major cities to Kashmir and Kanyakumari. The platform is built on the Indian government-supported UPI, allowing users, free of charge, to make small or big payments straight from their bank accounts to the accounts of others from over 70 UPI enabled banks.

03-Mar-2018
Rupee hits three month low against US do

New Delhi, Feb 28 (ANI): The Indian rupee on Wednesday slipped to a three month low in the early trade at the Forex market. It opened lower by 25 paise at Rs. 65.12 per dollar versus Rs. 64.87 on Tuesday. Market indices recovered in afternoon trade, after a morning slump. In the afternoon trade, the Sensex was down 151 points, trading at 34,194. Nifty, on the other hand, was trading at 10,503, down by 50 points. Infosys, UPL, GAIL, Cipla were up about one percent. HPCL, ICICI Bank, Yes Bank, Adani Ports and Vedanta were down about two to three percent. The market extended losses in opening trade, tracking weakness in global peers and due to selling pressure in banking and financials. Moreover, shares of Punjab National Bank (PNB) slumped over six percent intraday and fell to a 20-month low on the bourses after Nirav Modi's Firestar Diamond filed a bankruptcy plea in the United States, and a local court in Mumbai issued summons to the accused diamantaire.

03-Mar-2018
Bunge's Argentina plants lure ADM takeov

The world's four largest global grains trading firms could be about to become three.  As Ivor Bennett reports, US-based Archer Daniels Midland is reportedly attempting a takeover of longtime rival and soy-crushing powerhouse Bunge in a deal estimated to be worth $16 billion.

03-Mar-2018
Foldable phones by 2023 says EU's Graphe

Foldable phones will be on the market within five years, according to the Graphene Flagship programme. As Ivor Bennett reports, the miracle material will revolutionise not only mobiles but medicine too.

03-Mar-2018
Game over for Toys R Us UK arm as shoppe

Toys R Us has gone into administration in the UK leaving 3,000 jobs at risk.  As Silvia Antonioli reports, the US toy chain failed to find a buyer after struggling for months to compete with online retailers.

03-Mar-2018
GM Korea to slash executive numbers

General Motors’ South Korean unit plans to slash the number of its executives, the latest step by the U.S. automaker as it attempts to curb costs at the loss-making business. Grace Lee reports.

03-Mar-2018
UClean launches Mint Clean to provide do

New Delhi, Feb 28 (ANI): UClean, an integrated laundry, and cleaning solutions company announced the launch of Mint Clean, an on-demand direct-to-home (DTH) cleaning and home health company, which will offer door-to-door cleaning solutions through a "man and van" model. The company also raised an initial funding of USD 1 Million from Franchise India, a franchising and licensing solutions company and a US-based angel investor, Anubhav Chopra. The funds would primarily be deployed towards creating a solid technical platform to facilitate this business, which is predominantly B2B2B and B2B2C in nature. The funds would also be utilised to recruit suitable franchises and then support them with leads through marketing. The brand was officially launched in January this year and has commenced pilot operations from Delhi NCR.

03-Mar-2018
All-in-one wallet card to spell end of i

A single card that allows shoppers to access various payment options from multiple accounts will be launched later this year.  As Jim Drury reports, the Dynamics Wallet Card was launched globally at the International Consumer Electronics Show (CES) in Las Vegas in January and is also on display at the Mobile World Congress (MWC) in Barcelona.

03-Mar-2018
Wall Street sinks on rate worries

U.S. stocks suffered their biggest daily drops since the selloff three weeks ago after comments from Fed Chairman Jerome Powell revived fears about more interest rate increases than expected this year. Aleksandra Michalska reports.

03-Mar-2018
Fed's Powell nods to "gradual" rate hike

Federal Reserve Chairman Jerome Powell said U.S. economy is getting stronger, inflation is rising, and the Fed will increase rates gradually. Aleksandra Michalska reports.

03-Mar-2018
Nasdaq lists its first 'pure play' pot s

Candian medical marijuana producer Cronos Group lists on Nasdaq, becoming the first publicly traded company in the US that grows and processes cannabis. Elly Park reports.

03-Mar-2018
Slower German inflation quickens debate

German inflation slowed more than expected to hit a 15-month-low in February, data showed on Tuesday, suggesting that price pressures in Europe's largest economy are muted despite a robust upswing, rising wages and unprecedented monetary stimulus.  David Pollard reports on the latest twists in the euro zone rates debate.

03-Mar-2018
Germany's diesel ruling: how costly for

Environmental groups have welcomed a decision by a German court which rules that cities can ban the most heavily polluting diesel cars from their streets. As Kate King reports it's ikely to accelerate a shift away from the combustion engine and force manufacturers to pay to improve exhaust systems.

03-Mar-2018
Macy's same-store sales top expectations

Macy's reported higher-than-expected same-store sales growth for the fourth quarter and forecast a return to annual comparable sales growth in 2018, sending shares higher. Aleksandra Michalska reports.

03-Mar-2018
Mobile World: creative device developers

Creative devices developed by 5G technologies have been a key theme at the 2018 Mobile World Congress.  As Ivor Bennett reports, big network suppliers made the case that next generation wireless may arrive sooner than previously forecast.

03-Mar-2018
Fed's Powell nods to 'gradual' rate incr

Federal Reserve Chairman Jerome Powell told U.S. lawmakers on Tuesday that the central bank would stick with gradual interest rate increases despite the added stimulus of tax cuts and government spending. Rough Cut (no reporter narration).

03-Mar-2018
German court backs city bans on diesel c

A top German court ruled on Tuesday in favour of allowing major cities to ban heavily polluting diesel cars, a move likely to hit the value of 12 million vehicles in Europe's largest car market and force carmakers to pay for costly modifications. Scarlett Cvitanovich reports

03-Mar-2018
Cuban cigar sales light up despite Trump

Cuba's annual cigar extravaganza has kicked off in Havana attracting wealthy tobacco aficionados and retailers from around the globe.  As Sonia Legg reports, a surge in sales of Cuba's legendary cigars in China helped one manufacturer's global revenue rise 12 percent to hit a record $500 million last year.

03-Mar-2018
Comcast enters race for Sky with $31 bln

U.S. cable giant Comcast  offered to buy Sky  for $31 billion in an unsolicited approach, taking on Rupert Murdoch's Fox and Bob Iger's Walt Disney in the battle for Europe's biggest pay-TV group. Kate King reports.

03-Mar-2018
"India aspires rural infrastructure", sa

New Delhi, Feb 27 (ANI): Union Finance Minister Arun Jaitley on Tuesday stated that India aspired not only conventional infrastructure but also rural infrastructure so that the quality of life of those people can improve effectively. Jaitley's statement came in while he was addressing a gathering at the third annual meeting of Asian Infrastructure Investment Bank. Speaking further, he said infrastructure has been on the center-stage as far as the government's priorities are concerned.

03-Mar-2018
Rs 11 lakh crore Agri credit target achi

New Delhi, Feb 27 (ANI): Union Finance Minister Arun Jaitley opined that the agriculture credit flow target of Rs.11 lakh crore for the Financial Year 2018-19 was achievable by the banking sector. Addressing the Board of National Bank for Agriculture and Rural Development (NABARD), Jaitley said the realisation of the target would significantly add to the momentum of doubling the farmers' income by 2022. Jaitley also reviewed the funds announced in the earlier Union Budgets and stressed the need for all stakeholders to collaborate to improve the farmers' income. The finance minister further stated that the banking sector must invest in long-term assets to improve the capital formation in the agriculture sector. He also claimed that investments in financial technology over the past few years have brought in efficiency, speed, and transparency in the rural financial ecosystem.

03-Mar-2018
StanChart resumes dividend but revenues

Standard Chartered resumes paying dividends after posting a six-fold jump in annual pretax profit, but weaker-than-expected revenue dampens any celebration from investors. David Pollard reports.

03-Mar-2018
MakeMyTrip, OYO to partner for seamless

New Delhi, Feb 27 (ANI): Popular online travel company MakeMyTrip Ltd. and budget hospitality provider OYO have announced their partnership whereby the latter's chain of hotels across India, Malaysia and Nepal will be listed and available for booking on MakeMyTrip across its popular OTA brands, MakeMyTrip and Goibibo. The partnership also aims to add momentum to India's rapidly growing travel sector by bringing together OYO's base of economy, mid-segment and vacation rentals assets and the online travel customer-base served by MakeMyTrip, Goibibo and RedBus.

01-Mar-2018
Asset managers press gunmakers on safety

State Street joins BlackRock, First National Bank of Omaha and BofA, saying it plans to ask gunmakers how they support gun safety, adding to pressure on the industry after Florida shooting.  Aleksandra Michalska reports.

01-Mar-2018
Wall Street rises on easing worries over

U.S. stocks rallied, recovering much of the losses from earlier this month, as a decline in Treasury yields calmed worries about rising interest rates and refocused attention on economic growth. Aleksandra Michalska reports.

01-Mar-2018
Spectrum Brands to merge with HRG in $10

Batteries and pet food maker, Spectrum Brands, will merge with its biggest shareholder, HRG Group, a holding company, in a $10 billion deal. Aleksandra Michalska reports.

01-Mar-2018
Mobile World: the Huawei phone that can

Chinese smartphone manufacturer Huawei has shown how an AI-powered smartphone can drive a car.As Ivor Bennett reports, the 'RoadReader' project, on display at the Mobile World Congress in Barcelona, aims to demonstrate how existing mobile technology is capable of handling autonomous vehicles.

01-Mar-2018
Airtel joins hand with Seamless Alliance

New Delhi, Feb 26 (ANI): India’s largest telecom company Airtel has joined hands with Seamless Alliance to provide uninterrupted high-speed in-flight internet connectivity. Together they will work towards leveraging satellite technology to offer high-speed internet to the customer while flying. The Seamless Alliance founding members include OneWeb, Airbus, Delta and Sprint. Over 370 million Airtel’s global customers will be benefitted with the move. Airtel is the third largest telecom operator with networks in 16 countries across Asia and Africa.

01-Mar-2018
Pressure on UK's May after opposition Br

Britain should stay in a customs union with the EU even after it leaves the bloc, opposition leader Jeremy Corbyn has said, setting up a possible parliamentary defeat for Prime Minister Theresa May and giving sterling a boost. Kate King reports.

01-Mar-2018
Geely covets Daimler tech with $9 bln st

Shares in Geely Automobile Holdings have jumped after its chairman Li Shufu revealed he had built a $9 billion stake in Daimler, gaining leverage as he tries to convince the German carmaker to cooperate on technology.  As Ciara Lee reports, the 9.7 percent holding makes Li Daimler's biggest shareholder.

01-Mar-2018
Ola brings smart mobility ecosystem to M

New Delhi, Feb 26 (ANI): App-based ride-sharing platform Ola on Monday announced the launch of the company's best-in-class mobility services alongside its larger transportation technology ecosystem in Aizawl. The move follows a discussion with the government of Mizoram to establish the need for Ola's smart mobility solutions in the city to ease traffic congestion and the lack of parking spaces. With this launch, Ola aims to strengthen the transportation infrastructure in the city, enabling reliable, affordable, and convenient commute for citizens and tourists alike, notably, to and from the airport. Moreover, users will benefit from a seamless cashless payment via Ola Money and 24X7 access to transportation, giving citizens their first experience of a hassle-free commute.

01-Mar-2018
Social media and 5G in focus at Mobile W

Samsung Electronics has unveiled its flagship Galaxy S9 smartphone with an emphasis on visual applications for social media, hoping to attract tech-savvy young consumers to weather a market slowdown.  But, as Ivor Bennett reports, from Barcelona, it’s got plenty of competition from others at the Mobile World Congress.

01-Mar-2018
Global stocks firm: big week for central

Global stocks notched further gains on Monday and the dollar stayed on the back foot, as investors bet the new head of the U.S. Federal Reserve will steer a steady course on policy when he addresses lawmakers this week. Kate King reports.

01-Mar-2018
Apple iCloud move in China raises human

When Apple begins hosting Chinese users’ iCloud accounts in a new Chinese data centre at the end of this month to comply with new laws there, Chinese authorities will have far easier access to text messages, email and other data stored in the cloud. Grace Lee reports

01-Mar-2018
Be safe before buying car insurance

New Delhi, Feb 26 (ANI): Buying a car is not only costly but also involves emotional value.  It is important to choose the right car insurance. Here are some tips to keep in mind before buying car insurance: A comprehensive car insurance policy covers third party liability along with the personal accident or self-vehicle damage and theft. Therefore, it is better to buy a comprehensive insurance plan. The best mode of purchasing a car insurance policy is buying it online. This allows one to get a better deal for a similar type of plan, as compared to buying it offline. An insurance policy that offers cashless facility will save one from making several rounds of follow-ups, e-mails, and visits to the insurance company for reimbursement. Choose a brand that is known for their customer service and 24x7 customer support. It is important to look for a company's No Claim Bonus (NCB) policy.

01-Mar-2018
Billionaire businessman Berlusconi back

Former Prime Minister Silvio Berlusconi may be showing signs of frailty at the age of  81. But as Kate King reports, the billionaire businessman is staging an unlikely comeback in politics, despite a tax fraud conviction which prevents him from being Prime Minister.

01-Mar-2018
Andhra Pradesh focusing more to skill up

Visakhapatnam (AP), Feb 25 (ANI): Andhra Pradesh Information Technology Minister Nara Lokesh while addressing the gathering at CII Partnership Summit in Visakhapatnam said that India has to skill up when it comes to technology. "We have to be catalyst, enablers in the changing times" the minister said. "Andhra Pradesh is the first state to create an institute of digital technology and we have cyber warfare centre," he added.

01-Mar-2018
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