Money
-
Why France is making supermarkets hike the price of Nutella and other big brands
Feb 1, 2019Why are prices going up? France’s agriculture minister, Didier Guillaume, says it is part of a bid to rebalance how supermarkets make their money. The likes of Carrefour and Auchan will be allowed to charge more... -
British pound hits two-month high against euro and US dollar amid Brexit uncertainty
Jan 23, 2019The British pound was Wednesday morning trading above $1.30 (€1.14), in a move that many currency analysts were linking to the possibility of the Brexit date being delayed becoming more likely. In yet another attempt to... -
France fines Google €50 million using EU’s transparency and consent law
Jan 21, 2019France’s regulatory body dealing with data privacy has fined Google €50 million regarding advertisers’ access to users’ personal data, it announced on Monday. The National Commission on Informatics and Liberty (CNIL) said Google LLC received the financial... -
China’s economic growth slowest since 1990 amid trade war with US
Jan 21, 2019China’s economy grew 6.6% in 2018, its slowest pace in almost 30 years, confirming a slowdown in the world’s second largest economy that could threaten global growth. After years of breakneck expansion, the world’s second largest... -
Mitsubishi Accuses Carlos Ghosn of Taking a Secret $9 Million Payment
Jan 18, 2019TOKYO — Mitsubishi Motors has joined Nissan in accusing Carlos Ghosn of financial wrongdoing, saying on Friday that he secretly received compensation of 7.8 million euros, or almost $9 million, from a joint venture of the... -
Why Jeff Bezos’ Divorce Should Worry Amazon Investors
Jan 18, 2019Jeff Bezos and his wife, MacKenzie, may be the first billionaire couple with a huge stake in an enormous technology company to announce their divorce. They won’t be the last. The surprise announcement last week that the Bezoses... -
Russia Dumps $101 Billion From Dollar Reserves in Pivot to China
Jan 10, 2019Russia’s central bank dumped $101 billion in U.S. holdings from its huge reserves, shifting into euros and yuan last spring amid a new round of U.S. sanctions. The central bank moved the equivalent of $44 billion... -
CONFIRMED: AMAZON ACQUIRES ISRAELI START-UP CLOUDENDURE
Jan 10, 2019Israeli cloud computing start-up CloudEndure has been acquired by Amazon Web Services (AWS), the company confirmed on Thursday. The deal is estimated to be worth $200-$250 million. “CloudEndure is now an Amazon Web Services company,” the... -
Amazon is now the most valuable company on the planet
Jan 9, 2019New York (CNN Business)Amazon CEO Jeff Bezos has been the wealthiest person on the planet for more than a year. Now, Amazon is the most valuable company in the world. It passed Microsoft (MSFT) Monday to... -
20 years on — has the euro been a success?
Jan 2, 2019It’s been 20 years since the euro was created on January 1, 1998. Today, three-quarters of people in the eurozone are in favour of the euro, the highest number since 2004 — apparently dispelling the impression...
