February 14, 2019

Eskom split to minimize risks to South Africa, Ramaphosa says

South African President Cyril Ramaphosa said his plan to divide struggling state power firm Eskom into three units would minimize risks to the economy, as a […]
February 14, 2019

Xcelerate to sell third-party warranties for EVs including Teslas

Auto leasing and financing company Xcelerate said on Thursday it has launched the first U.S. third-party extended warranties for electric vehicles, including those of market leader […]
February 14, 2019

Wall St. skids as bleak retail sales data clouds trade optimism

U.S. stocks fell on Thursday, led by declines in consumer and bank shares, after bleak retail data fanned concerns about retailer earnings and led to increased […]
February 14, 2019

Wall St. opens lower on weak retail sales data

U.S. stocks opened lower on Thursday, as a surprise drop in retail sales in December suggested a sharp slowdown in economic activity at the end of […]
February 14, 2019

Nissan and Renault reaffirm alliance, but avoid talk of Nissan chairmanship

Top executives from Nissan and Renault on Thursday reaffirmed the importance of an alliance that has been pressured by the ousting of former Chairman Carlos Ghosn, […]
February 14, 2019

Airbus A380: from European dream to white elephant

Loved by passengers, feared by accountants, the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in […]
February 14, 2019

U.S. retail sales post largest drop since 2009; jobless claims rise

U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic […]
February 14, 2019

JPMorgan Chase to create digital coins using blockchain for payments

JPMorgan Chase & Co said on Thursday it plans to launch its own digital coins, called “JPM Coin”, that customers will be able to use for […]
February 14, 2019

Laptop ‘for him’, vacuum ‘for her’? HSBC draws ire with Valentine offer

A Valentine’s day special deal for HSBC staff in Hong Kong offering discounted laptops ‘for him’ but vacuum cleaners and kitchen appliances ‘for her’ has angered […]
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