Browsing Category
Business
Wall Street Opens With Gains After Losses the Day Before
Stock markets in New York started higher on Friday on the last trading day of the week. In doing so, they partly recovered from the loss of the day before, aided by bargain hunters on Wall Street. Jeans maker Levi Strauss also benefited…
Amazon CEO and Founder Bezos Retires Today
Amazon CEO and founder Jeff Bezos (57) is stepping down as CEO today. He started the business when he was thirty, with a loan from his parents. At the time, Amazon was an online bookstore, today an e-commerce company where you can buy just…
Foreign Tech Companies Must Now Have Russian Offices
Foreign tech companies must now have a branch in Russia if they want to continue to offer services in the country.
President Vladimir Putin signed a law that stipulates that. The rule is another step by Russia to get a better grip…
US Corporate Job Growth Stronger Than Expected
Employment in the US corporate sector grew faster than expected in June, although it was somewhat less potent than in May. According to payslip processor ADP, 692,000 new corporate jobs were created in the United States last month.
…
Wall Street Awaits Statement by Fed Chairman Powell
The stock exchanges in New York barely moved on Tuesday when they opened, after the nice pluses a day earlier.
Investors on Wall Street mainly focus on the statement that US central bank president Jerome Powell will make to…
Also German Investigation into Apple Market Power
The German antitrust watchdog has launched an investigation into tech group Apple. The company's market power is being looked at in a broader study of the company's "digital ecosystem".
"The investigations will mainly focus on the…
Vaccine Maker Novavax Rises on Wall Street After Good Test Results
Biotech company Novavax is one of the eye-catchers on Wall Street on Monday.
The company reported good results from tests with its corona vaccine, which is comparable in effectiveness to similar vaccines from Pfizer/BioNTech and…
Banking Regulators Want Tough Capital Rules for Bitcoin
Banks must set aside enough money to cover a total loss on all bitcoins and other cryptocurrencies they hold.
That is the proposal of the Basel Committee on Banking Supervision, a committee of supervisors worldwide. It is a step…
KLM Must Hire Martinair Pilots Again
KLM airline has to re-engage previously dismissed pilots who flew for Martinair Cargo. The Court of Appeal in The Hague has determined this on appeal in a lingering case brought by 116 current and former pilots.
The dismissal of…
Apple Wants to Maintain A Spurt in Sales with New iPads
Apple is reportedly working on a new iPad Pro that can charge wirelessly. The tech group would also like to come back with a new version of the iPad Mini after a long time.
The latter is expected to be on the market this year; the…