Amazon acquires e-commerce platform Souq.com
Amazon executives did not disclose the value of the deal to which Goldman Sachs refer to as the "the biggest-ever technology M&A transaction in the Arab world."
Mar 29, 2017 10:40 AM EDT
New pound coin's hidden security features, problems and availability
The new 12-sided £1 coin comes into circulation on Tuesday with a hidden security feature that would stamp out fraud and counterfeiting.
Mar 29, 2017 03:39 AM EDT
Qatar pushes £5 billion UK investment despite Brexit
Qatar claims that Brexit will have no impact on its investment efforts as the country is looking into the long-term view.
Mar 28, 2017 12:10 PM EDT
American Airlines to buy $200 million worth of shares in China Southern
The deal ties American Airlines, one of the three big carriers in the US, with one of China's big three state-run airlines.
Mar 28, 2017 11:51 AM EDT
UK banks face new stress test scenario by the Bank of England
Bank of England prepares new stress test scenarios to be given to UK's biggest banks in preparation for any sudden slowdown in foreign interests in UK assets. The Brexit vote last year has triggered a sharp drop in the value of the pound.
Mar 28, 2017 11:15 AM EDT
Apple, Facebook join augmented reality glasses race; tech groups bet it could replace smartphone
Apple and Facebook are going up against start-up company Magic Leap and Microsoft's HoloLens in developing a pair of augmented reality glasses that could one day replace the smartphone as the primary computing device for consumers.
Mar 28, 2017 09:25 AM EDT
Starbucks lags behind Dunkin's performance
Wall Street notes many people are starting to buy their drinks at Dunkin' Donuts instead of the popular caffeine company Starbucks. Dunkin' Brands' shares, which houses Dunkin' Donuts, went up 10 percent this year and 25 percent over the past 12 months.
Mar 27, 2017 12:37 PM EDT
Tech analyst notes key factors that could prevent Apple from becoming worth $1 trillion
The Cupertino-based company Apple's value is skyrocketing at the moment. With a valuation worth about three-quarters of a trillion dollars, the company is the best performer among tech companies. But a tech analyst notes three key factors that could prevent Apple from becoming worth $1 trillion.
Mar 27, 2017 12:26 PM EDT
More big brands pull ads from YouTube
The brands told reporters on Thursday that they were pulling either some or all of their ads from Google-partnered websites. This comes after they were being alerted that their ads were still appearing next to extremist videos even after when YouTube has apologized for the matter.
Mar 27, 2017 12:16 PM EDT
Uber suspends self-driving cars operations after Arizona crash
Uber Technologies Inc. is suspending its self-driving cars after one of its autonomous vehicles was involved in an accident in Tempe, Arizona. This is the latest incident from the company that is facing one controversy after the other.
Mar 27, 2017 12:13 PM EDT
Investors pull out from US stock funds
Wall Street has been put on defensive mode ever since Donald Trump became the president of the United States. This led to investors pulling out $8.9 billion from US stock funds that ended on March 22 according to a research conducted by EPFR Global.
Mar 27, 2017 08:02 AM EDT
Samsung Electronics chief apologizes for scandal, rejects calls for company reform
Samsung Electronics chief says sorry for its involvement in the scandal that led to South Korea's president being impeached. It also announced it would not be changing its corporate structure to use a holding company.
Mar 27, 2017 12:43 AM EDT
Tiffany posts strong sales growth in China, appoints new directors
The jewelry retailer's results were consistent with its previously issued guidance for the 2016 fiscal year. Tiffany & Co. names Roger Farah, James Lillie and Francesco Trapani as directors effective last Mar. 6.
Mar 26, 2017 11:16 PM EDT
Toyota plans £240 million investment in Burnaston plant
Japanese automaker Toyota plans to invest £240 million in upgrading its car plant that makes the Auris and Aventis models.
Mar 26, 2017 10:50 PM EDT
Expedia gives board of directors seat to Chelsea Clinton
Travel site Expedia just named Hillary Clinton's daughter, Chelsea Clinton, as a member of its board on Thursday. Clinton will be paid in accordance with the company's standard compensation policies for board members.
Mar 26, 2017 10:45 PM EDT