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Top News: Business

Bose closes stores in Europe, Japan, North America and Australia

Bose Corporation the large audio equipment manufacturer plans to close all its retail stores in North America, Europe, Japan, and Australia. Bose claims its audio products are increasingly bought through e-commerce and other retailers.

Chinese economic growth hits three-decade low

Bejing - China's economy grew last year at its slowest pace in three decades, hit by weak domestic demand and trade tensions, but while officials warned of further headwinds, separate figures Friday suggest the downward trend is bottoming out.The 6.

IBM leads in U.S. Patents for 27th year

IBM has announced that the company received a record number of patents in 2019 – earning over 9,200, marking the company’s 27th consecutive year of U.S. patent leadership and innovation.

Lack of transparency in China's Belt and Road projects: EU firms

Bejing - A lack of information and transparency are top barriers for European companies seeking involvement in China's Belt and Road Initiative, according to a survey published Thursday by the European Union Chamber of Commerce in China.

Asian markets rise as China, US finally put pen to paper on deal

Fpo - Asian markets rose early Thursday as details were released of the China-US trade deal signed in Washington, with analysts saying it would allow investors to turn their focus to the global outlook and earnings season.

US, China sign 'momentous' trade deal

Washington - The United States and China signed a truce in their trade war on Wednesday after nearly two years of tensions, bringing relief to markets but largely leaving massive tariffs in place.

Curtain falls on Germany's 'golden decade' of growth

Frankfurt Am Main - German economic growth plummeted in 2019, official data showed Wednesday, providing fresh ammunition for debate about how to use fiscal surpluses to boost gross domestic product.Europe's powerhouse expanded just 0.6 percent last year, compared with 1.

Bezos promises $1 billion in bid to see off Indian e-commerce storm

New Delhi - Amazon tycoon Jeff Bezos promised Wednesday a new billion-dollar investment in India, just two days after authorities launched an anti-trust investigation into the e-commerce giant.

Nissan denies reported plans to split with Renault

Apo - Nissan is "in no way" planning to end its partnership with Renault, the Japanese auto giant insisted on Tuesday after a report suggested a divorce was possible in the wake of the Carlos Ghosn scandal.

Iraq interested in buying a Russian air defense system

Iraq is interested in purchasing Russian S-300 air defense systems. Russia's S-300 and S-400 systems have been popular purchases as many consider them more cost-effective than US alternatives while still top of the line.

DivvyCloud announces record results for 2019

Cybersecurity specialist company DivvyCloud has announced record results for 2019 as well as the appointment of Brandie Kalinowski as vice president of people and culture and David Geevaratne as vice president of North American sales.

Largest e-scooter-sharing company Lime lays off about 100 workers

Lime, the largest electric scooter-sharing company on the globe will lay off 14 percent about 100 of its workers and will exit 12 markets according to a recent report. The action comes as ridership has probably dropped during the winter.

Walgreens’ shares tumble by 5% on earnings posting

Walgreens just released its earnings and fell short by 5 percent.m The healthcare giant is one of many companies in the sector being forced to compete with the likes of Amazon, and the share price drop reflects market uncertainty.

Expect digital transformation projects to take longer

Digital transformation remains the mission for many businesses, however progress is likely to be more rocky according to a new report from Gartner. Projects will most likely cost more and take longer to complete.

As retailers continue to struggle, Macy's is closing 28 stores

Macy's is shuttering 28 Macy’s locations and one Bloomingdale’s location in the coming months. Closures affect locations in several states, including Florida, California, and Georgia, based on lists compiled from various media reports.

Oil markets unfazed by Iranian strikes on US targets

London - Global oil prices plunged Wednesday, totally reversing a earlier needle-thin spike that followed Iranian missile attacks on US targets in Iraq.

N. America trade deal advances in Senate but delay possible

Washington - The US Senate Tuesday took a step toward ratification of the new trade pact with Mexico and Canada, but final timing remained in doubt amid an impasse over President Donald Trump's impeachment trial.

Op-Ed: Fake news vs the stock market? You don’t say

New York - The stock market has the high ideals of organized crime, backed up by the morality of pedophiles and high IQs of scammers. You’d think fake news would be a blessing, but even for the market it’s a very high risk issue.

Malaysian financier denies masterminding 1MDB graft scandal

Kuala Lumpur - The fugitive Malaysian financier at the centre of a multi-billion-dollar corruption scandal insisted he had not led the plundering of the 1MDB fund, a report said Monday.
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