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Top News: Business

De Beers’ diamonds profits soar despite global economic woes

In addition to being the long running slogan for De Beers, ‘Diamonds are Forever’ is a reflection on the diamond giant’s ability to make money. Eighty-two billion dollars worth of diamond jewelry was sold in 2014.

San Francisco passes torch on Old Mint restoration

San Francisco - The city’s 1874 U.S. Mint may one day roar back to life as a museum or other featured attraction, but probably not the way a leading local nonprofit group has envisioned for more than 10 years.

Low-cost airline Germanwings had clean safety record

Frankfurt - Germanwings, the low-cost airline owned by German flag carrier Lufthansa, said that none of its aircraft has ever been involved in a crash prior to Tuesday's loss of an Airbus A320 in the French Alps.

Artificial intelligence seen with negativity above all

Artificial Intelligence is being looked at with the same worried eyes that many had on nuclear power. What will it take to overcome the people's disbelief?

23andMe to begin drug development

Mountain View - 23andMe, the personal genomics firm, has announced plans to make its own medicines. This will involve deals with biotechnology and pharmaceutical companies.

Crimea plans to launch own airline

Moscow - Authorities in Crimea said they plan to set up an airline to facilitate connections with Russia and encourage tourism in the picturesque Black Sea peninsula, a year after the Ukrainian territory was annexed by Moscow.

Amazon cleared by FAA to start testing deliveries by drone

Amazon is a step closer to being able to deliver packages by air, thanks to the Federal Aviation Administration's approval to start testing drones outside.

First look at the new Glock 43 single stack 9mm

Thousands of customers who have been begging Glock to release a single stack 9mm for years have finally gotten their wish, with the release of the new model 43.

Op-Ed: Programmatic buying making a push towards TV's spotlight

As its main purpose, technology serves to make our lives easier, performing tasks in a systematic manner that no person ever could.

Katharine Viner is new Guardian editor

London - Katharine Viner has been appointed to succeed Alan Rusbridger as editor-in-chief of The Guardian newspaper and associated media outlets.

Op-Ed: Small businesses struggle after fire, landlord indifferent Special

Sonoma - As empowering as small business can be, it can also be very unnerving when a family business or proprietor suffers an unexpected set back, such as a fire. Even if the damage is not extensive, the complications from it can interrupt a small business.

Op-Ed: AdSense rips ads from antiwar site because of Abu Ghraib photos

Mountain View - The antiwar site, antiwar.com, has been informed by Google Adsense that all ads on its website have been disabled. The site claims that this is because it has a page that has photos of the abuse by US troops at Abu Ghraib prison in Iraq.

New York rent so high, Starbucks starting to close some locations

New York City - Even huge coffee chains are feeling the pressure of New York retail rents. Starbucks is looking to close some of its pricy, large locations, according to the Commercial Observer.

Op-Ed: Local small business has support of extended family Special

Sonoma - According to the U.S. Small Business Administration, 23 million small businesses in America account for 54 percent of all U.S. sales. Furthermore, notes the SMBA, the small business sector is growing rapidly.

OECD cuts growth rate outlook for Canadian economy

Ottawa - The Organization for Economic Cooperation and Development(OECD) has cuts it growth rate prediction for Canada in both this year and also in 2016.

The UK's new £1 coin has 12 sides and was designed by a teenager

The Treasury has unveiled the design of the new £1 coin, set to enter circulation in 2017. The new design features four plants and flowers to represent each nation of the United Kingdom.

IBM planning a custom version of bitcoin for central banks

Reuters reported on Thursday that, according to unnamed sources familiar with the matter, IBM is planning a custom version of bitcoin technology for governments and central banks.

AbbVie in major pharma acquisition

The pharmaceutical company AbbVie beat out a range of other major pharmaceutical firms, including global giant Johnson & Johnson, to reach a $21 billion deal with cancer drug specialist Pharmacyclics.

U.S. approves first biosimilar medicinal product

The U.S. Food and Drug Administration (FDA) has approved pharma company Sandoz’s drug Zarxio. This is a biosimilar to Amgen’s filgrastim, which is mainly prescribed for cancer patients.
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