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Google makes $550M strategic investment in Chinese e-commerce firm JD.com

Google makes $550M strategic investment in Chinese e-commerce firm JD.com

This includes US and European markets, with products from the Chinese retailer appearing in relevant Google Search results. Google is stepping up its investments across Asia, where a rapidly growing...

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McDonald's Begins Global Shift Away From Plastic Straws

McDonald's Begins Global Shift Away From Plastic Straws

Plastic straws can be seen at a McDonald's restaurant, after it was revealed that they are to replace their plastic straws with paper ones in United Kingdom and Ireland restaurants, in London , B...

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Woman injured by thrown shopping cart wins $45M verdict

Woman injured by thrown shopping cart wins $45M verdict

But she never blamed Jeovanni Rosario, 13, and Raymond Hernandez, 12, who were behind the incident. "Me and [the other boy] threw a shopping cart off the fourth floor of the mall", one of them said in...

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McDonald's rolls out paper straws to all UK restaurants

McDonald's rolls out paper straws to all UK restaurants

It's bad enough that plastic tossed into landfills never degrades, but billions of tons of plastic have ended up in the world's oceans over the years. However, not everyone favoured plastic straw ban....

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Didi to start its journey to the West in Australia

Didi to start its journey to the West in Australia

Unlike Grab , which has seen Didi follow-on its investments, the Chinese firm sat out Ola's most recent fundraising previous year despite making an investment in the company back in 2015 . Melbour...

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European Central Bank will stop its bond-buying scheme, €30bn a month, next December

European Central Bank will stop its bond-buying scheme, €30bn a month, next December

The blue-chip CSI300 index closed down 0.40 per cent at 3,773.37 points, while the Shanghai Composite Index slipped 0.18 per cent to 3,044.16 points. There's little doubt, however, that the Europea...

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BHP to go ahead with $3bn iron ore mine in Australia’s Pilbara

BHP to go ahead with $3bn iron ore mine in Australia’s Pilbara

BHP said the South Flank ore will increase the average grade of its iron ore mined in Western Australia to 62% from 61%. BHP Minerals Australia operations president Mike Henry said the project, whi...

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Lobsters latest target as US, China trade war escalates

Chamber of Commerce warned that hundreds of thousands of Americans could lose their jobs if the trade war escalated and included the auto import tariffs that Trump has threatened. The tariffs will...

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Rolls-Royce plans to axe 4600 jobs in restructuring push

Rolls-Royce plans to axe 4600 jobs in restructuring push

Rolls-Royce, no longer affiliated with the luxury vehicle maker, said it would continue to work on its problems with its Trent 1000 engine . "It is never an easy decision to reduce our workforce, b...

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N Brown mulls store closures

N Brown mulls store closures

The move can put 270 jobs at risk. Around 75% of the company's revenue is now generated online, while its stores only generated 2% of group revenue and posted a combined loss of £3m. N Brown expects...

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Australian Jobs Show Weakness Even as Unemployment Rate Falls

On a trend basis, the jobless rate remained steady on 5.5% and 16,000 new jobs were created - majority part time as full time job creation continued to slow. Over the past year, trend employment incre...

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Trump declares oil prices too high, blames OPEC

Trump declares oil prices too high, blames OPEC

In the USA, the American Petroleum Institute (API) reported on Tuesday that crude oil inventories rose by 830,000 barrels in the week to June 8, to 433.7-million. There are concerns that oil supplie...

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Brexit hits the drinks list at pub chain Wetherspoon

Brexit hits the drinks list at pub chain Wetherspoon

Hitting out at the the EU's customs union, Mr Martin branded it "a protectionist system which is widely misunderstood". French champagne will be replaced with other sparkling wines from the United K...

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Volkswagen Group fined further €1-billion for Dieselgate…

Volkswagen Group fined further €1-billion for Dieselgate…

The company said it hopes paying the German fine will have a positive effect on other official proceedings being conducted in Europe against the automaker. The suspects traded in the United States...

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Trump's tariffs: What they are and how China is responding

Trump's tariffs: What they are and how China is responding

The announcement also caps months of sometimes fraught shuttle diplomacy in which Chinese offers to purchase more American goods failed to assuage Trump's grievances over the soaring trade imbalan...

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New Data Claims Facebook Gave Phone Companies Access To User Data

New Data Claims Facebook Gave Phone Companies Access To User Data

Shortly afterward, the company revealed that a software bug caused the posts of about 14 million users to be shared publicly even if they didn't intend to share the information beyond a small circle...

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Two Kansas Sheriff’s Deputies, Suspect Shot Near Courthouse

Two Kansas Sheriff’s Deputies, Suspect Shot Near Courthouse

Rohrer had seven years of service with the Wyandotte County Sheriff's Department. The other deputy, who police have only identified as a woman, remains in critical condition. Two Wyandotte County Sher...

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Seattle repeals a big business tax after a strong-arm from Amazon

Seattle repeals a big business tax after a strong-arm from Amazon

It was killed in response to public pressure from No Tax on Jobs, a business-backed referendum campaign. "This week, the City Council is moving forward with the consideration of legislation to repeal...

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UK Supreme Court rules plumber in gig economy entitled to worker rights

UK Supreme Court rules plumber in gig economy entitled to worker rights

Charlie Mullins , chief executive of Pimlico Plumbers, says Mr Smith chose to be self-employed, while economist Faiza Shaheen, from the Centre for Labour and Social Studies, says rulings are needed to...

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Theranos founder Elizabeth Holmes resigns from firm she founded

Theranos founder Elizabeth Holmes resigns from firm she founded

There are 11 charges; two are conspiracy to commit wire fraud (against investors, and against doctors and patients) and the remaining nine are actual wire fraud, with amounts ranging from the cost of ...

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Trump's China tariffs met with retaliation threats from Beijing

Trump's China tariffs met with retaliation threats from Beijing

The tariffs, which could take effect as soon as later on Friday, will primarily target products containing "industrially significant technologies" and others related to the Made in China 2025 init...

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The SEC says Ethereum's cryptocurrency isn't a security

The SEC says Ethereum's cryptocurrency isn't a security

As soon as Hinman's comments went live, ether rallied. "We are pleased with the SEC's decision to provide clarity with respect to current Ether transactions", Concannon said in a statement. The SEC'...

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The Facebook executive handling the company’s public image is leaving

The Facebook executive handling the company’s public image is leaving

In a statement, Schrage said he would help hire his replacement and stay on as an adviser to CEO Mark Zuckerberg and COO Sheryl Sandberg . Elliot Schrage , who worked for the social-networking comp...

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Hundreds stranded at Charlotte airport because of technical issue

Hundreds stranded at Charlotte airport because of technical issue

American Airlines has not said what caused the issue. Charlotte's airport was especially hard hit, with almost half of its daily scheduled flights canceled. The airline is encouraging all passengers t...

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McDonald's to ditch plastic straws

The European Union moved last month to ban 10 items - including plastic cutlery, straws and cotton swabs - by 2030 in a bid to clean up the oceans. The fast food chain's unprecedented move - which...

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California added to pre-cut melon salmonella warning

California added to pre-cut melon salmonella warning

The Centers for Disease Control and Prevention says Caito Foods recalled pre-cut watermelon, honeydew melon, cantaloupe and fruit medleys containing at least one of those melons that were produced at ...

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European Central Bank to end crisis-era stimulus programme in December

But Japan's Nikkei average added 0.5 percent. The dollar index against a basket of six major peers rose 0.3 percent to 95.111, its highest level since November, after rallying more than 1 percent ...

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Trump ready to impose tariffs on about $50bn in Chinese goods

Trump ready to impose tariffs on about $50bn in Chinese goods

Trump will approve the tariffs on Friday, Bloomberg reported overnight, citing two people familiar with the president's thinking. President Donald Trump approved assessing tariffs on about $50 bil...

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Kellogg's announce cereal recall due to potential presence of Salmonella

Kellogg's announce cereal recall due to potential presence of Salmonella

It is the latest case of US food products possibly tainted by the illness-causing bacteria. According to a statement, the products affected include the 15.3 oz and 23 oz packages of the cereal, with...

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Microsoft developing Amazon Go-like shopping system, report says

Microsoft developing Amazon Go-like shopping system, report says

Microsoft is thought to already be at a point where it can show retailers a sample of the system in action, with Walmart being one of the first to experience it. The work is being led by a small tea...

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