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Rail disruption set to continue into next week after train cracks found

Rail firms GWR and LNER warn passengers not to travel on Sunday after cracks were found on some trains.

Source: BBC News - Business | 10 May 2021 | 7:03 am(NZT)

Elon Musk reveals he has Asperger's on Saturday Night Live

The 49-year-old Tesla CEO appeared as a guest host on the US comedy series Saturday Night Live.

Source: BBC News - Business | 10 May 2021 | 1:47 am(NZT)

Wendy's: Burger giant plans return to the UK after 20 years

The burger chain says it is planning to open 400 outlets, creating around 12,000 jobs over several years.

Source: BBC News - Business | 10 May 2021 | 12:56 am(NZT)

Covid: Travel firms reject 'overly cautious' green list

The UK will be "left behind" if other countries open up travel more quickly, the industry says.

Source: BBC News - Business | 8 May 2021 | 9:49 pm(NZT)

Post Office scandal: Former staff contacted over prosecutions

It is contacting former workers potentially caught up in the UK's most widespread miscarriage of justice.

Source: BBC News - Business | 8 May 2021 | 9:35 pm(NZT)



US jobs figures fall far short of expectations

Employers hired 266,000 people last month, figures show, despite a $1.9tn stimulus package.

Source: BBC News - Business | 8 May 2021 | 4:34 am(NZT)

Furlough: Pair arrested over £3.4m job scheme fraud

Officials freeze more than £6m held in bank accounts controlled by the man and woman from Bradford.

Source: BBC News - Business | 8 May 2021 | 1:55 am(NZT)

Virgin Media customers left waiting longest on phone

Virgin Media and Virgin Mobile had the longest average customer call waiting times, Ofcom has found.

Source: BBC News - Business | 8 May 2021 | 1:53 am(NZT)

Twitter adds 'tip jar' to pay for good tweeting

Twitter launches a new payment feature for good tweets - but it comes with privacy concerns.

Source: BBC News - Business | 7 May 2021 | 11:17 pm(NZT)

Holiday costs to jump in summer, warns travel boss

Travel will be more expensive as airlines cannot afford to bring many planes back into service.

Source: BBC News - Business | 7 May 2021 | 10:51 pm(NZT)



Tui to subsidise Covid tests for package holiday customers

The travel firm is offering discounted tests with its holidays but there are concerns over testing capacity.

Source: BBC News - Business | 7 May 2021 | 9:59 pm(NZT)

British Airways owner IAG calls for action to restart flights

The airline group says there is a "high level" of pent-up demand from passengers.

Source: BBC News - Business | 7 May 2021 | 9:05 pm(NZT)

Wirecard scrambles to find missing $2.1 billion as loan crunch looms

Wirecard's auditor has refused to sign off its 2019 accounts over a missing $2.1 billion, sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in as early as Friday.

Source: Reuters: Business News | 19 Jun 2020 | 4:17 am(NZT)

Coronavirus raises stakes as auto unions ready for a fight

The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.

Source: Reuters: Business News | 19 Jun 2020 | 4:17 am(NZT)

Wirecard investor DWS says has sold down position, considering legal action

Asset manager DWS, the fund management arm of Deutsche Bank, said it has further sold down its position in embattled German technology company Wirecard and was considering legal action.

Source: Reuters: Business News | 19 Jun 2020 | 4:17 am(NZT)

U.S. gasoline demand recovery falters as refiners ramp up output

A recovery in demand for gasoline in the United States, the world's largest market for the motor fuel, hit a plateau last week as coronavirus cases surged in some states, undercutting refiners' efforts to ramp up low fuel production.

Source: Reuters: Business News | 19 Jun 2020 | 4:10 am(NZT)

Oil edges up on OPEC output cut compliance; pandemic still weighs

Oil prices rose slightly Thursday as a panel of OPEC and its allies met to review record oil supply cuts, even as the market remained concerned about additional coronavirus cases reported in parts of the United States and China.

Source: Reuters: Business News | 19 Jun 2020 | 4:05 am(NZT)

Exclusive: EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal - sources

The European Commission is in advanced talks with pharmaceuticals giant Johnson & Johnson to reserve or make an up-front purchase of its COVID-19 vaccine under development, two officials familiar with the talks told Reuters.

Source: Reuters: Business News | 19 Jun 2020 | 4:00 am(NZT)



S&P 500, Dow muted as virus cases rise, jobless claims weigh

The S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts of the United States and an elevated level of weekly jobless claims.

Source: Reuters: Business News | 19 Jun 2020 | 3:57 am(NZT)

IMF says deeper-than-expected contraction in U.S. economy likely in second quarter

A defacto lockdown in the United States has lasted longer than expected despite a rollback in some restrictions on mobility, pointing to a deeper-than-expected contraction in gross domestic product in the second quarter, the IMF said on Thursday.

Source: Reuters: Business News | 19 Jun 2020 | 3:48 am(NZT)

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality

Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Source: Reuters: Business News | 19 Jun 2020 | 3:41 am(NZT)

U.S. labor market recovery stalling; second wave of layoffs underway

The number of Americans filing for unemployment benefits fell last week, but the pace of decline appears to have stalled amid a second wave of layoffs as companies battle weak demand and fractured supply chains, supporting views that the economy faces a long and difficult recovery from the COVID-19 recession.

Source: Reuters: Business News | 19 Jun 2020 | 3:38 am(NZT)

World stock markets slip on second wave virus fears, safe-havens rise

Global stock markets drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift economic comeback from the pandemic, underpinning demand for safe-haven currencies such as the dollar and Japanese yen.

Source: Reuters: Business News | 19 Jun 2020 | 3:25 am(NZT)

U.S. retail foot traffic rebounds, more staff at work, as lockdowns ease

Retail foot traffic recovered to approach pre-lockdown levels last week and businesses appeared to bring more employees back to the job, according to data from firms that collect cellphone location information and manage employee time for companies.

Source: Reuters: Business News | 19 Jun 2020 | 3:20 am(NZT)

F.C.C. Chairman Recommends Approval of $26 Billion T-Mobile-Sprint Merger

Ajit Pai said the companies had won his support by making what he called “significant commitments” to expand rural broadband service, build a robust 5G network and sell off Boost Mobile.

Source: NYT > Business | 21 May 2019 | 2:19 am(NZT)

Google Restricts Huawei’s Access to Android After Trump Order

The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.

Source: NYT > Business | 21 May 2019 | 1:50 am(NZT)

‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers

Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money

The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

Mediator: Kissing Babies, Loving Scrapple, Fighting Viral Hoaxes: ’20 Race’s New Routine

When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.

Source: NYT > Business | 21 May 2019 | 12:37 am(NZT)

DealBook Briefing: Tech’s Cold War Just Started

Google, Qualcomm and Broadcom are among the companies that have reportedly frozen their supply of components and software to Huawei.

Source: NYT > Business | 20 May 2019 | 11:05 pm(NZT)

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

Anti-money-laundering specialists proposed filing “suspicious activity reports” about transactions connected to President Trump and Jared Kushner. Bank managers said no.

Source: NYT > Business | 20 May 2019 | 9:56 pm(NZT)

Whitney Houston’s Estate Plans a Hologram Tour and a New Album

The family of the singing star, who died seven years ago, has reached a deal with the marketing company behind the posthumous resurgence of Bob Marley.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

Amazon Faces Investor Pressure Over Facial Recognition

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China

But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.

Source: NYT > Business | 20 May 2019 | 5:53 pm(NZT)

Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds

Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.

Source: NYT > Business | 20 May 2019 | 4:18 pm(NZT)

TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?

A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.

Source: NYT > Business | 20 May 2019 | 3:36 pm(NZT)

















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