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Top News: Business

Unemployment rates for Blacks and whites widest in five years

U.S. employers added a substantial 4.8 million jobs in June, and the unemployment rate fell to 11.1 percent - However, the gap between the U.S. unemployment rates for Blacks and whites widened further in June, to its largest in five years.

Why text messaging remains the top business communication tool

Although there are a range of different platforms and while multi-channel marketing remains essential for many firms, many businesses report that their number one form of communication remains the text message.

Tech community reacts to Trump’s suspending of H-1B visas

A number of tech execs including Tim Cook, Elon Musk and Sundar Pichai believe Trump’s executive order will be bad for technology innovation in the U.S. and took to Twitter to share their thoughts.

Boeing 737 MAX test flight takes off in Seattle

Seattle - US regulators launched a test flight of the Boeing 737 MAX on Monday, a key step in recertifying the jet that has grounded for more than a year following two fatal crashes.

Toilet paper limits imposed in Australia to stop virus panic buying

Melbourne - Supermarkets imposed purchase limits on toilet paper across Australia Friday following panic buying by people rattled over a surge in coronavirus cases in the country's second-biggest city.

Wirecard collapse an 'unparallelled scandal'

Berlin - The dramatic collapse of payments provider Wirecard is an "unparallelled scandal", Germany's finance minister said Thursday, after the group filed for insolvency as it admitted that 1.9 billion euros missing from its accounts likely did not exist.

US says considering new taxes on $3.1 bn in European products

Washington - The United States is considering levying taxes on an additional $3.1 billion in European imports amid a dispute over subsidies to planemaker Airbus.

Italy to guarantee 6.3-bn-euro loan for Fiat Chrysler

Milan - Italy's government said on Wednesday it would guarantee a 6.3-billion-euro ($7.1 billion) loan to Fiat Chrysler, as the automaker struggles with the impact of the coronavirus pandemic.

Trump visa freeze delivers blow to US tech sector

Washington - The US tech sector is likely to be hit hard by President Donald Trump's decision to extend a freeze on most immigrant visas, with critics saying the move could undermine American innovation and leadership.

Scandal-hit Wirecard admits missing 1.9 bln likely gone

Frankfurt Am Main - Shooting-star German payments provider Wirecard on Monday admitted 1.9 billion euros that auditors say are missing from its accounts likely "do not exist", fueling fraud suspicions that saw its CEO resign.

Asian markets swing as new virus cases temper reopening hopes

Fpo - Asian markets fluctuated Monday as investors kept a nervous eye on a spike in virus infections around the world, while Europe pressed ahead with the easing of lockdown measures.

During COVID-19 lockdown, what's happened to sugar consumption? Special

One interesting business impact during the coronavirus pandemic has been a fall in the global demand for sugar. While the sugar industry needs to react to the disruption, the move is welcomed by anti-obesity advocates.

What businesses need to do for CCPA implementation Special

California Consumer Privacy Act (CCPA) implementation begins in July 2020 and many businesses need to face up to the implications and put appropriate systems in place, says Cindy Provin of nCipher Security.

The future of work is all about remote working: Expert commentary Special

What will be the future of work post-COVID-19? According to Pulse Secure's Mike Riemer, there will be a larger remote workforce with cybersecurity built into the culture. The industry expert explains more, including the importance of Zero Trust

Q&A: How technology is disrupting the diamond industry Special

Many areas are undergoing digital transformation, although one area that may not spring to mind is with jewelry and gems. This sector is being affected by science and technology, and this impacts the consumer markets as well.

Virus booze ban causes headache for S.African winemakers

Wellington - Wineries around Cape Town fear a nine-week alcohol sales ban will leave a bad hangover that outlasts the coronavirus pandemic, as South African bottles lose their spots on international shelves and thousands of jobs are lost.

Q&A: New technological innovations for drug delivery unveiled Special

How can new pharmaceuticals be delivered to market faster and what advantages can be gained from technological improvements to drug delivery? A leading professional offers his expertise.

Lyft plans to use 100 percent EVs by 2030

Lyft, the large US ride-sharing company, announced on Wednesday that it planned to transition to 100 percent electric(EV) or zero-emission vehicles by the year 2030.

Chinese ecommerce giant jumps 5.75% on Hong Kong debut

Fpo - Chinese e-commerce giant leapt 5.75 percent higher on its Hong Kong debut Thursday, after raising almost $4 billion in an initial public offering that was the world's second biggest this year.
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