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Browse By, Lawrence Matheson

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Employers urged to be good sports by showing flexibility ahead of Paris Olympics; Employees could come in a little later or finish earlier and then agree when this time can be made up and be allowed to listen to events on the radio or watch the TV, said Acas. Jul 22, 2024 301
Netflix subscriber numbers soar as password crackdown and ads drive profit growth; The company's profit in its latest quarter rose 44% from last year to $2.15billion, or $4.88 per share -a figure that surpassed the estimates of analysts. Jul 19, 2024 611
Asian shares fall after Wall Street retreat and ailing Chinese property sector; Asian shares retreated Friday after a broad washout across Wall Street dragged US stocks lower, and Hong Kong's benchmark fell more than 2% as investors remained wary over China's plans for helping its struggling housing market. Jul 19, 2024 757
Sales of US homes to foreign nationals fall to lowest level in over a decade; A report by the National Association of Realtors said that 54,300 previously occupied US homes were purchased by non-U.S. citizens in the 12 months ended in March. Jul 19, 2024 589
Royal Troon's unique home with best views of British Open goes on sale for £1.5m; 'Blackrock House' has been causing quite a stir this week, with 'for sale' signs catching the attention of both spectators and golfers. Jul 19, 2024 960
Trade unionists descend on Dorset to celebrate the Tolpuddle Martyrs' Festival; The event runs from Friday to Sunday, commemorating six Dorset farmworkers transported to Australia after forming a union in 1834. Jul 19, 2024 191
US invests $325m in Puerto Rico solar projects to combat frequent power outages; The initiative, backed by the US Department of Energy, aims to bolster energy resilience at community hubs, healthcare facilities, and shared spaces within subsidized housing complexes. Jul 19, 2024 667
Pacific leaders to boost Japan's role in region amid growing China influence; The leaders agreed that Japan would provide greater support and cooperation in areas such as climate change, maritime security and defence, and economic developmenT. Jul 19, 2024 744
Acas demand remains high after 'difficult year' for employment relations; The conciliation service said inflationary pressures and cuts in real pay in many sectors have continued to trigger disputes across the public and private sectors in the last year. Jul 19, 2024 233
American Express profits soar 39% as cardmembers continue to spend despite inflation; Last quarter, Amex customers spent a total of $440.6billion on their cards, marking a 3% increase from the previous year. Jul 19, 2024 318
EU agrees lithium deal with Serbia that could reduce Europe's reliance on China. Jul 19, 2024 528
Stegosaurus fossil fetches nearly $45M, setting record for dinosaur auctions; The sale price far exceeded the pre-sale estimate of $4M to $6M, smashing the previous record for a dinosaur fossil -$31.8M for a Tyrannosaurus rex named Stan. Jul 18, 2024 265
Walt Disney chief Bob Iger and Willow Bay to become Angel City FC's new owners; The power couple will acquire the controlling stake of the National Women's Soccer League team, valued at $250million. Jul 18, 2024 223
North Korea to launch major tourism site despite foreign ban on most tourists; North Korea has been building luxury hotels and leisure facilities in an attempt to create a key attraction for international visitors. Jul 18, 2024 371
Health of workers improved if they had more control over shifts, study shows; The research involved nurses from Guy's & St Thomas' NHS Foundation Trust, employees at Wickes, and construction staff from Sir Robert McAlpine, who were all allowed greater input into their working patterns during the study. Report Jul 16, 2024 263
Increasing problems recruiting staff, survey of 4,700 companies reveals; The British Chambers of Commerce said its survey showed that three in five companies had attempted to recruit in the last three months, rising to four out of five hospitality businesses. Jul 16, 2024 208
Amazon Prime Day warning as experts urge consumers to look out for scams; Cybersecurity company, Check Point Software Technologies, said more than 1,230 new websites that associated themselves with Amazon popped up in June. The vast majority of them were malicious or appeared suspicious, according to Check Point. Jul 16, 2024 912
Goldman Sachs sees profits more than double as dealmaking returns to Wall Street; The New York investment bank posted net earnings of $3.04bn , $8.62 per share, compared with $1.22bn in the same period a year earlier. Financial report Jul 16, 2024 234
China's exports surpass expectations, growing 8.6% despite global trade tensions; June's robust export figures led to China's trade surplus expanding to $99bn, a rise from May's $82.6bn. Jul 12, 2024 494
Inflation cools in US for third straight month in good sign for struggling consumers; Overall inflation in the US had its first monthly decline since May 2020, when the economy was paralyzed by the pandemic. Jul 12, 2024 1206
Germany to bar China companies from supplying core parts of 5G networks; Germany, which has Europe's biggest economy, has long mulled what to do about components made by Chinese suppliers in its new-generation cellphone networks. Jul 12, 2024 565
World stocks mixed with volatile yen after Wall Street rises on inflation report; The drops for Big Tech stocks also pulled the Nasdaq composite down 2% from its own record. Jul 12, 2024 696
Biden administration invests $1.7bn in EV production across eight US states; Transportation accounts for the single largest source of US greenhouse gas pollution and Biden has made electric vehicles a key part of his climate agenda. Jul 12, 2024 898
European Union said that blue checkmarks from Elon Musk's X are deceptive; Regulators took aim at X's blue checks, saying they constitute 'dark patterns' that are not in line with industry best practice and can be used by malicious actors to deceive users. Jul 12, 2024 556
Turkish tourism is booming, boosted by the global popularity of its TV dramas; The booming Turkish TV drama industry is capturing the hearts and minds of viewers worldwide, and boosting tourism in the country as fans flock to visit the sets. Jul 12, 2024 1015
Son of Asia's richest man is set to marry in the year's most extravagant wedding; Rumoured guests include former UK Prime Ministers Tony Blair and Boris Johnson and stars such as Adele, Lana Del Rey, Drake and David Beckham. Jul 12, 2024 728
US wholesale inflation rises in June, indicating persistent price pressures; The increase, the sharpest year-over-year increase since March 2023, comes at a time when other price indicators are showing that inflation has continued to ease. Jul 12, 2024 567
AT&T confirms data of 'nearly all' its customers downloaded in security breach; AT&T has assured that the compromised data is not believed to be publicly available and does not include sensitive personal details like Social Security numbers, dates of birth, or other personally identifiable information. Jul 12, 2024 517
PepsiCo profits jump in Q2, but demand falls as prices continue to rise; PepsiCo said its revenue grew less than 1% to $22.5bn. That was slightly lower than the $22.59bn analysts forecast. Financial report Jul 11, 2024 256
Samsung launches first-ever premium smartwatch with AI to monitor health; The trend of integrating AI into essential gadgets is gaining momentum, with rivals Google and Apple already embedding the technology into their smartphones, and Microsoft doing the same with its latest PCs. Jul 11, 2024 702
Toyota joins with other automakers to invest in Ionna EV charging US network; Ionna plans to install at least 30,000 charge ports in North America by 2030, with stations including connectors to cater to all battery EV drivers. Jul 11, 2024 222
Delta Air Lines reports 29% fall in profit despite record passenger numbers; The dip to $1.31billion from last year's $1.83billion is attributed to rising costs and widespread discounting of base-level fares. Financial report Jul 11, 2024 513
Paramount and Skydance to merge in $28bn deal, signaling end of a family's reign; The on-off merger comes at a time when Paramount is facing considerable challenges, having struggled to gain stable ground for years, with its cable division particularly suffering. Jul 10, 2024 1038
Chinese car exports soar, offsetting fall in demand from the domestic economy; Sales in China dropped 7.4% in June compared to a year earlier to 1.8 million cars, while exports rose 29%. Jul 10, 2024 352
Samsung workers start indefinite strike in South Korea over pay and benefits; Thousands of members of the National Samsung Electronics Union launched a temporary, three-day strike on Monday. But the union said Wednesday that it was announcing an indefinite strike. Jul 10, 2024 385
Japan's Nikkei 225 hits record high as markets look to US for rate cut; The Nikkei soared as investors bought automakers' shares and other export-oriented stocks propelling the benchmark to an unprecedented high. Jul 4, 2024 697
US 30-year mortgage rate rises to 6.95%, its first increase since May; The high mortgage rates have significantly impacted home sales, which have been in a slump for the last two years. Jul 4, 2024 527
Asian shares rise after Tesla's 10% jump boosts Wall Street to record highs; Asian shares have mostly risen after Tesla shares jumped more than 10% which helped drive US benchmarks to new records. Japan's benchmark Nikkei 225 rose 1.3% to finish at 40,580.76. Jul 3, 2024 650
US new-vehicle sales rise slightly in second quarter as high prices deter buyers; Since COVID-19 struck in early 2020, there's been a pressing shortage of vehicles due to a critical lack of computer chips hampering production. Jul 3, 2024 908
Tesla sales continue to fall for second straight quarter despite price cuts; The electric car company sold 443,956 vehicles from April through June, down 4.8% from 466,140 sold the same period a year ago. But the sales were better than the 436,000 that analysts had expected. Jul 3, 2024 798
Japan issues first new banknotes in 20 years to combat counterfeiting; The new 10,000 yen, 5,000 yen and 1,000 yen bills have state-of-the-art anti-counterfeit 3-D hologram technology and feature people celebrating Japanese capitalism, women's equality and scientific innovation. Jul 3, 2024 376
Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies; After the United States passed new subsidies to boost domestic electric vehicle production and cut into Beijing's supply chain dominance, Chinese manufacturers began investing in Morocco. Jul 3, 2024 1267
London Trams strike called off as engineers secure improved pay deal; Members of Unite walked out on Sunday and were due to strike until Monday and again from July 11-15, hitting passengers including tennis fans going to Wimbledon. Jul 3, 2024 208
TikTok has launched tons of trends in food and fashion. Will its influence last? The popularity of TikTok coupled with its roots in Beijing led Congress, citing national security concerns, to pass a law that would ban the video-sharing app unless its Chinese parent company sells its stake; The popularity of TikTok coupled with its roots in Beijing led Congress, citing national security concerns, to pass a law that would ban the video-sharing app unless its Chinese parent company sells its stake. Jul 3, 2024 2098
European Central Bank holds off on further rate cuts despite falling inflation; Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate. Jul 2, 2024 584
Roaring Kitty reveals $261million stake in popular pet retailer Chewy; Shares in online pet retailer Chewy fell on Monday after a regulatory filing revealed that Roaring Kitty, an investor at the center of the meme stock craze, had taken a stake in the company. Jul 2, 2024 347
California's AI safety bill could set a precedent for future tech regulations; Lawmakers are considering legislation that would require AI companies to add safety measures so they can't be potentially manipulated to wipe out the state's electric grid or help build chemical weapons. Jul 2, 2024 487
Puerto Rico approves electricity rate increase weeks after massive blackout; In June, a blackout left over 340,000 customers in San Juan and nearby cities without power during a heat wave. Jul 2, 2024 576
Biden administration provides $504million to support 12 technology hubs; The money would support the development of quantum computing, biomanufacturing, lithium batteries, computer chips, personal medicine and other technologies. Jul 2, 2024 336
Sainsbury's expected to show continued growth in sales despite wet weather; HSBC analysts forecast a 4.7% rise in grocery sales or 5.5% on a like-for-like basis for the company. This would mark a modest deceleration from the final quarter of the last financial year, which saw a 7.3% surge in total grocery sales. Jul 1, 2024 413
G4S security guards at Job Centres launch week-long strike over pay; The GMB said around 1,500 of its members employed by G4S will walk out this week in a row over pay. Jul 1, 2024 386
China's economy growing at modest pace amid backdrop of trade tensions; Surveys of Chinese factory managers showed the world's second-largest economy grew in June, but did not pick up much steam. Jul 1, 2024 450
Boeing announces $4.7bn buyback of Spirit AeroSystems to improve plane safety. Jul 1, 2024 658
Japan's economy worse than first thought as demand remains sluggish; Japan revised its earlier estimates to show that its economy contracted at a 2.9% annual pace in the first quarter of the year. Jul 1, 2024 421
EU accuses Meta of breaching digital rules with Facebook paid ad-free option; European Union regulators accused social media company Meta Platforms on Monday of breaching the bloc's new digital competition rulebook by forcing Facebook and Instagram users to choose between seeing ads or paying to avoid them. Jul 1, 2024 531
American Express in-house historian reveals company's journey through history; Corporate archivist Ira Galtman has worked as an archivist and historian for American Express for nearly 30 years. He looks after a treasure trove of artifacts and documents from the company's past. Jul 1, 2024 703
New home sales in US slump for second consecutive month amid high mortgage rates; Homebuilders who bucked the worst of last year's housing slump may be seeing their luck run out. Jun 28, 2024 448
Asian shares rise as traders eagerly await a crucial US inflation report; Asian shares gained Friday as traders looked ahead to a key report on inflation that could influence the Federal Reserve's next move on interest rates. Jun 28, 2024 670
Uber and Lyft agree to $32.50 hourly wage for drivers in landmark Massachusetts settlement; 'Today's agreement holds Uber and Lyft accountable, and provides their drivers, for the very first time in Massachusetts, guaranteed minimum pay, paid sick leave, occupational accident insurance, and health care stipends'. Jun 28, 2024 652
Tokyo's famed fish market to be replaced by waterfront stadium and skyscrapers. Jun 28, 2024 942
European Union leaders agree on top officials who will be face of trading bloc; Ursula von der Leyen will serve as president of the European Commission for another five years. As president, her job is to devise and implement the bloc's shared policy on everything from migration to the economy and environmental rules. Jun 28, 2024 729
Watchdog bans ads for menopause supplements that claimed to 'cure hot flushes'; The Advertising Standards Authority said the ads included a range of claims that the supplements could treat or cure symptoms of the menopause. Jun 26, 2024 572
Stability AI, creators of Stable Diffusion, welcomes new chief and investors; The London-based company has faced challenges capitalising on the success of its open-source tech, grappling with legal action, misuse and various business issues. Jun 26, 2024 164
Asian shares mixed after a rebound for Nvidia propped up weakened Wall Street; Nvidia climbed 6.8%, and without that gain, the S&P 500 would have dropped to a loss for the day. The chip company's shares snapped a three-day losing streak where they had shed nearly 13%. Jun 26, 2024 637
Royal Fleet Auxiliary workers stage fresh strike in ongoing dispute over pay; The Royal Fleet Auxiliary seafarers are walking out on Tuesday in a fresh strike over pay as the union said the one-year deal offered was 'wholly unacceptable'. Jun 25, 2024 191
China premier slams trade tensions as electric vehicle exports hit by tariffs; Open markets and green technologies are vital for stabilizing global growth, China's premier said Tuesday, while criticizing trade tensions as he opened a conference in north eastern China. Conference news Jun 25, 2024 317
Amazon teams up with Megan Thee Stallion to promote US Prime Day sales event; The rapper released a fresh original track titled 'It's Prime Day'. A corresponding music video showcases her buying a pink dog collar, faux eyelashes and other items from Amazon. Jun 25, 2024 241
Job market stagnates as advertised salaries drop for first time in eight months; A reduction in salaries might ease the strain in the labour market, though it could also indicate a rise in entry or junior-level roles with lesser remuneration, according to Adzuna. Jun 24, 2024 302
Nikkei rises amid Asian market declines, Nvidia stock cools after surge; Share prices are mostly lower in Asia on Monday after US stocks coasted to the close of their latest winning week, even as Nvidia's stock cooled. Jun 24, 2024 661
Apple accused of breaching digital competition rules by European Union; European Union regulators claim Apple is breaking the bloc's new rules on digital competition with its policies that prevent app developers from directing users to cheaper alternatives elsewhere. Jun 24, 2024 423
China and EU set to discuss tariff hike on electric vehicles amid trade tensions; The EU intends to impose provisional tariffs ranging from 17.4% to 38.1% on EVs from China for four months starting on July 4 in addition to the 10% duties applied to all imported EVs. Jun 24, 2024 389
UPS agrees $1bn Coyote sale as it shifts focus back on core delivery service; The company announced it has agreed to sell the division to competitor RXO for just over $1billion. UPS had bought Coyote in 2015 for $1.8billion. Jun 24, 2024 212
Mexico City neighbourhood keeps iconic Volkswagen Beetle 'The Bug' alive; The Volkswagen Beetle, or 'vocho' as it's known in Mexico, may have been born in Germany, but in this hilly neighbourhood on the fringes of Mexico City, there's no doubt about it: 'The Bug' is king. Jun 24, 2024 661
Niger was betting on China-backed oil pipeline as lifeline, then troubles began; A China-backed pipeline that would make Niger an oil-exporting country is being threatened by an internal security crisis and a diplomatic dispute with its neighbors. Jun 24, 2024 683
Car dealerships in US revert to pen and paper after cyberattacks on CDK Global; The company, which provides software for thousands of car dealers in the US and Canada, was hit by consecutive cyberattacks, leading to an ongoing outage that has affected operations. Jun 24, 2024 644
Over a million workers unable to claim 'statutory sick pay due to low earnings'; 'The truth is our workforce is getting sicker and yet not everyone gets the time off they need to live healthy lives' -Alice Martin of the Work Foundation. Jun 21, 2024 356
Mass protests in Kenya as citizens oppose new tax increases under President Ruto; Thousands of mostly young people demonstrated Thursday in Kenya's capital and across the country against new tax proposals by the administration of President William Ruto in its annual budget legislation. Jun 21, 2024 572
Asian shares mostly down as drop in Nvidia shares weighs heavily on Wall Street; Japanese shares have finished little changed after a government report showed that the inflation rate ticked higher for the first time in three months, while other markets are mostly lower. Jun 21, 2024 663
Cybersecurity firm Kaspersky denies it's a security threat after US ban; The Commerce Department on Friday barred US companies from using computer security products from Kaspersky Lab, the Russian company whose products are widely used in the United States. Jun 21, 2024 375
Major power outage hits Balkans as countries swelter in early summer heat wave; Montenegro was plunged into darkness after an issue with the country's power distribution system, while similar problems were reported in Croatia, Bosnia and Albania. Jun 21, 2024 479
Wealthy Martha's Vineyard is so expensive that it's forcing workers out; The Massachusetts island off Cape Cod has plenty of jobs, but workers can't afford to live there. Restaurants and stores often can't find enough staff because of the high cost of housing. Jun 21, 2024 932
French company Orano has operating permit for major uranium mine in Niger revoked; Nigerien military authorities have withdrawn the operating permit for a large uranium mine from the French company Orano, the company said, significantly escalating tensions between the military junta and the country's former colonial power. Jun 21, 2024 383
Interest rate cut could still be months away despite inflation drop -analysts; Inflation has hit the Bank of England's 2% target, but Britons are unlikely to see any relief on borrowing costs, with experts predicting that rates will remain on hold. Jun 20, 2024 451
Canadian airline WestJet cancels flights as mechanics threaten to strike. Jun 20, 2024 242
Swiss central bank cuts interest rate by quater point, citing easing inflation; This decision was influenced by a decrease in 'underlying inflationary pressure', despite an increase in costs such as rents, tourism services and oil products. Jun 20, 2024 231
Brazil swears in new Petrobras chief as market fears state interference; Magda Chambriard has officially taken the reins as head of Brazil's oil giant Petrobras, stepping into a role surrounded by market jitters over potential government meddling. Jun 20, 2024 828
Germany and Dutch-owned grid operator TenneT end talks on possible sale; A state-owned Dutch company that is the biggest electricity grid operator in Germany said that talks on selling its German business have been terminated due to the administration's budget constraints. Jun 20, 2024 252
Amazon workers begin landmark vote to secure union recognition from tech giant; The month-long voting process, administered by the Central Arbitration Committee, could secure the first ever UK union recognition within Amazon and compel the tech giant to negotiate with the GMB on employment terms, wages, and conditions. Jun 19, 2024 337
UK households face record £1,600 increase in unsecured debt amid cost of living crisis; The Trades Union Congress said its analysis shows that unsecured debt is on course to increase by 9.4% in real terms, on average, per household this year. Jun 19, 2024 204
Japan's exports surge 13.5% in May, helped by cheap yen and strong demand; Exports totalled 8.3 trillion yen ($53billion) and experienced the fastest growth since November 2022. Jun 19, 2024 478
Fresh Malaysian durians on way to China as trade deals signed during Li's visit; The sides also inked a protocol on measures that will allow Malaysia to export to China durian, a spiky tropical fruit with a strong odor and known for its creamy pulp. Jun 19, 2024 851
Luxury sales to flatline amid a creativity crisis and price rises, study finds; The consultancy Bain is predicting flat worldwide luxury sales in 2024 following a slight first-quarter dip. Jun 19, 2024 507
EU criticises France for excessive debt amid Macron's election challenges; The EU Commission has advised seven countries, including France, to initiate an 'excessive deficit procedure,' marking the commencement of a drawn-out process that could eventually compel member states to implement corrective measures. Jun 19, 2024 530
Amazon Labor Union members in New York City vote to affiliate with Teamsters; New York City warehouse workers who are part of the Amazon Labor Union overwhelmingly voted to align themselves with the Teamsters as they try to get a contract from the online retailer. Jun 19, 2024 735
Summer events spark hiring surge with a million jobs created in hospitality; A surge in hiring is anticipated due to the Euro 2024 football tournament, the Olympics, staycations and Taylor Swift's UK tour. Jun 17, 2024 205
Manufacturers see 'signs of growth' as economic outlook improves, survey finds; Make UK said a survey of 320 companies found that output and orders were increasing, with the sector forecast to outpace the economy this year. Jun 17, 2024 200
Berkeley Group expected to post fall in profits as demand for property slows; Berkeley Group is expected to post a drop in pre-tax profits on Wednesday as the housebuilder continues to struggle with poor demand in the housing market. Jun 17, 2024 434
How Elon Musk's $44.9billion pay deal compares to other top US chief executives; Tesla shareholders have voted to approve Elon Musk's record-breaking pay package -here's how the deal compares to other US chief executives. Jun 17, 2024 520
China keeps key lending rate unchanged despite persistent weakness in economy; Investments in property fell by 10% year-on-year, and home sales plummeted by 30.5%, indicating that efforts to reverse a slump in the real estate market have not yet taken effect. Jun 17, 2024 555
Florida gears up for $300million Airglades Airport amid workforce challenges; The small, rural area of LaBelle is preparing for a new airport, which is hoped to bring more than 1,400 new high-skilled jobs to the area. Jun 17, 2024 1043

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