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Top News: Business

Canadian firm pulls out of Carrefour takeover after France insists 'No'

Paris - Canadian convenience store chain Couche-Tard has reportedly pulled out of a multi-billion euro takeover of supermarket giant Carrefour after the French government said it would veto the deal.Negotiations over the 16 billion euro ($19.

China's 2020 GDP growth slowest in over four decades: AFP poll

Shanghai - China's economy grew last year at its slowest pace since transformative market reforms of the 1970s, according to an AFP poll of economists, but finished the year strongly on an accelerating coronavirus recovery.

Spotty report card on climate for top asset managers

Paris - The world's top 30 fund managers, collectively holding $50 trillion in assets, get mixed marks on steering the global economy into alignment with Paris climate targets, according to a report released Thursday.

Big growth in robotic process automation forecast in 2021

Enterprises currently relying on older channels of communication, data management and internal operations are in need of modernization. One solution to this challenge is robotic process automation.

Uber and Lyft drivers challenge California 'gig worker' ballot

San Francisco - Drivers for ride-share and meal delivery apps filed a lawsuit Tuesday to nullify a referendum passed by California voters that lets such "gig workers" be treated as contractors.

Op-Ed: Twitter loses billions on stock market, but it’s a bad call

New York City - Twitter got hit hard by the market just after booting Donald Trump. The question is whether Trump is worth that much to Twitter. I sniff some self-serving sleaze in this market move.

GM to launch all-electric van under new business unit

The market for battery-powered delivery vehicles and equipment has so much potential that General Motors has formed a new business unit - BrightDrop - part of GM’s plan to invest $27 billion in electric and autonomous vehicles by 2025.

Ford to close all its factories in Brazil 

S - Carmaker Ford said Monday losses exacerbated by the coronavirus epidemic would see it close its three factories in Brazil, where it has operated for a century, terminating some 5,000 jobs.

What Biden’s supply chain could look like Special

President-elect Joe Biden has big plans for rebuilding the U.S. supply chain after the global pandemic shook it to its core. This includes a plan to help reduce the reliance of US supply chains on overseas companies.

Asian stocks swing as virus and unrest offset vaccine, stimulus

Fpo - Asian markets fluctuated Tuesday as hopes for the rollout of coronavirus vaccines and a new stimulus out of Washington competed with fears over surging infections, new lockdowns and brewing political and social unrest in the United States.

Why businesses are considering automating the contract process Special

In the business world, artificial intelligence is enabling businesses to work in new ways. This includes automating everyday tasks. The next wave of this process will capture the contract management process, according to a leading analyst.

Remote working continues to present challenges for businesses Special

Despite the teething troubles being overcome, remote working will continue to present security and technological challenges for the typical businesses. Getting on top of these is important, given the COVID-19 situation and further working from home.

Q&A: Adopting a Customer 360 view to deliver supply chain success Special

For businesses that struggled in 2020, turning things around during 2021 is a must. One area to focus on is sharpening up with supply chain. This requires adopting a Customer 360 view, explains expert Richard Barnett.

India IT giant TCS sees profits jump on pandemic demand

Mumbai - India's largest software exporter Tata Consultancy Services saw its quarterly profits climb more than seven percent Friday, citing strong demand for its cloud services as the pandemic boosts remote working.

US suspends tariffs on French goods in digital tax dispute

Washington - Washington has suspended a plan to impose new tariffs on $1.3 billion in French products in a dispute over a digital services tax, the US Trade Representative (USTR) announced on Thursday.

UK finance sector unsure of post-Brexit future

London - While Britain's post-Brexit trade deal with the EU has at last been reached, the future of the country's key financial services industry is uncertain ahead of bilateral talks.

Remote work strategies are needed to challenge cyberattacks Special

This year could see leveraging email threads to reach new targets, the growth of image-based attacks, business email compromises and the use of global events/stressers to launch psychological-based attacks, according to leading experts.

Pandemic overshadows Japan's New Year tuna auction

Apo - Tokyo's annual New Year tuna auction ended Tuesday without the usual jaw-dropping bidding war, with the country's "Tuna King" holding back on gunning for the top fish, citing the pandemic woes affecting the restaurant industry.

Ransomware forces provider Netgain to take down data centers Special

While not reported at the time, it has been revealed that cloud hosting and IT services provider Netgain was forced to take some of their data centers offline after suffering a ransomware attack in late November 2020.
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