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Top News: Business

Newly expanded Panama Canal opens for bigger business

Panama - Panama is preparing to officially open its canal this weekend to far bigger cargo ships after nearly a decade of expansion work aimed at boosting transit revenues and global trade.

City workers in London break down in shock at Brexit vote

London - Bank employee Francesca Crimp broke down in tears on Friday after Britain voted to leave the European Union, triggering an earthquake in the City of London financial hub."I'm scared, I voted for my son's future and I feel so uncertain now.

UK economy plunges into unknown on Brexit

London - Britain's economy was plunged into a dizzying unknown on Friday as the country lurched towards the EU exit, with the world economy bracing for a hit on growth and unemployment.

Facebook adds political bias training following news controversy

Facebook has added political scenarios to its bias training program in the wake of the controversy that the social network was suppressing conservative news, Sheryl Sandberg announced during an interview with the American Enterprise Institute.

Social media costing business owners billions each year

The internet has connected the world and used right it can help both socially and in business, but a new report shows that social media use has increased in the work force with over 75 percent of employees connecting with family and friends while working.

Prosecco panic in Italy as Britain's EU vote looms

Rome - There will be no corks popping in Italy if Britain votes to leave the EU on Thursday: winemakers fear a Brexit could burst prosecco's bubble in its number one export market.

Asia markets extend gains but Britain EU vote shreds nerves

Hong Kong - Asian markets edged up Tuesday but dealers remained cautious as the optimism over Britain's EU membership that drove a global rally faded, with the knife-edge referendum just days away.

Expansion predicted for clinical wearables market

One of the big growth areas in the health sector is the clinical wearables market, which saw $499 million invested by venture capitalists last year. For the first quarter of 2016, a further $202 million was invested.

Samsung beats Apple to remain Asia’s number one brand

Seoul - South Korea’s Samsung has retained its position as the number one brand in Asia, beating Apple, its main rival in the mobile phone business, according to a survey.

Starbucks customers leave more than $1 billion on coffee cards Special

Seattle - Customers of Starbucks, the world's largest coffee chain, deposited more than $1 billion on store-issued debit cards in the first quarter of 2016, the San Francisco Chronicle reported Tuesday.

Op-Ed: Microsoft splurges again — this time on LinkedIn

Microsoft is buying social media business LinkedIn for $26B. Will this move add value for Microsoft shareholders or destroy it? The omens are not good.

Swiss central bank bracing for Brexit 'turbulence'

Geneva - The head of Switzerland's central bank warned Thursday that the Swiss economy could face turbulence if Britain opts to exit the EU in next week's referendum, vowing to "take measures if required".

Investors scramble to fend off Brexit risks

Paris - A surge in support for Brexit has sent investors racing for financial shelter a week ahead of a referendum that could redraw the political map of Europe.

French rogue trader Kerviel heads back to court

Versailles - French rogue trader Jerome Kerviel, whose actions almost bankrupted one of Europe's biggest banks, headed back to court Wednesday as Societe Generale seeks to recover 4.9 billion euros ($5.5 billion) in losses and interest.

Libya's sovereign fund sues Goldman Sachs for $1.2 billion

London - Lawyers for Libya's sovereign wealth fund claim that Goldman Sachs exploited inexperienced staff members to close inappropriate deals which cost the fund a humongous $1.2 billion.

Microsoft buys LinkedIn for $26 bn

Washington - Microsoft said Monday it was buying the professional social network LinkedIn for $26.2 billion in cash, a move that helps refocus the US tech giant around cloud computing and services.

Labour ramps up EU referendum campaign as stocks drop

London - Britain's opposition Labour Party scrambled to make the case for the EU as stock markets slipped and a new poll showed Brexit backers in the lead ahead of next week's knife-edge referendum.

Walmart Canada stops accepting Visa cards — Fees too high

Walmart Canada has joined with No Frills and Costco on a list of Canadian retailers that have stopped accepting Visa cards from their customers, citing what they call "unacceptably high" transaction fees.

Ad fraud may become the second largest organized crime enterprise

Online ad fraud is becoming a huge problem and it is one of the fastest growing organized crime businesses in the world.
 

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