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Retailers filing for bankruptcies at staggering rates

Retail bankruptcies and defaults hit a peak last year, soaring past records set during the recession, and things could get even worse this year, according to the credit-ratings agency S&P Global Ratings.

L.L. Bean cancels blockchain and sensor experiment amid layoffs

L.L. Bean has cancelled an experiment that would put sensors connected to the Ethereum blockchain inside of some of its coats and books, according to The Wall Street Journal.

UK plc readies plans for post-Brexit world

London - Britain's top businesses are cranking their Brexit plans into gear, shifting operations abroad to ensure a smooth transition when the nation quits the European Union in one year's time.

Unilever drops London for post-Brexit Dutch HQ

Den Haag - Anglo-Dutch consumer giant Unilever on Thursday chose The Netherlands over London to host its headquarters, dealing a blow to Britain's efforts to keep multinational companies onside following Brexit.

Hong Kong's Cathay Pacific posts HK$1.26 bn loss for 2017

Fpo - Hong Kong flag carrier Cathay Pacific on Wednesday announced a HK$1.26 billion ($161 million) net loss for 2017, marking the first back-to-back annual loss in its 71-year history.

Tesla's Model 3 production is reportedly nowhere near its target

As the first quarter draws to a close, numerous Tesla watchers are trying to figure out how many Model 3 vehicles the company is making.

ING drops big pay hike plan for CEO after protests

Den Haag - Dutch top bank ING said Tuesday it has dropped a plan to massively hike its chief executive's pay package after protests from shareholders, the public and even the prime minister.

Accenture models Industry X.0 for businesses

Industry 4.0 is not the end of the digital journey, according to a review by consultants Accenture. The company has modeled a means for global businesses to aspire to Industry X.0.

China can be more 'courageous' in opening: central banker

Bejing - China's chief central banker said on Friday the country could be more "courageous" in opening its markets, as European and American firms push for greater access to the world's second largest economy.

Three steps for businesses to keep pace with digital changes

Many businesses are on a digital transformation journey, but this journey can take unexpected twists. In developing appropriate information technology becoming agile is key, and here there are three steps a business can take to achieve this goal.

Nobel-winning ICAN condemns surge in nuclear arms investments

Geneva - Global nuclear tensions helped boost investments in atomic weapons production by around $81 billion last year, campaigners said Wednesday, urging investors to blacklist the companies that stock the world's nuclear arsenals.

$999 iPhone isn't tempting people to abandon their current phone

Analyst firm Piper Jaffray surveyed 1,500 iPhone users to find out why they chose not to upgrade to the iPhone X. More than 40% of users said they didn't upgrade because their current iPhone still works well.

First Solar jumps ahead of the pack as tariffs hinder competition

President Donald Trump's new tariff on imported solar equipment has provided a golden opportunity for the Tempe, Arizona-based thin-film solar manufacturer First Solar.

Poor fourth-quarter earning keep gun stocks down

After a mass shooting in the U.S., there is always a call for more gun control, resulting in the NRA seeing a surge in membership, along with increased gun sales. But gun manufacturers are now posting losses as gun stocks plunge. Something has changed.

Electrolux puts $250 million investment in U.S. plant on hold

Sweden's Electrolux, Europe’s largest home appliance maker, said on Friday it would delay a planned $250 million investment in Tennessee after President Donald Trump announced tariffs on imported aluminum and steel.

Digital transformation success depends on CEOs becoming skilled

The success of a digital transformation initiative in a firm is partly dependent upon the digital skills and understanding of CEOs, according to PwC's assessment of the state of the business world.

Business leaders remain concerned about cyber threats

A new survey of C-level business leaders from PwC reveals what keeps them up at night. This includes cyber threats, economic uncertainty and an inability to deal with digital disruption.

Corporate America begins cutting ties with NRA as boycott grows

The one place any organization or business can be hurt is in its bottom line, and corporate America is listening to social media's call for a boycott of the NRA after the media and Democrats were attacked by NRA executive vice president Wayne LaPierre.

To work well digital transformation needs to be efficient

Simply building new infrastructure and launching digital products does not lead to the upturn in performance that many businesses expect. A new survey shows how work needs to be put into organizing and efficiency improvement.

Tesla's Model 3 is the millennial dream car

Tesla is the premier, aspirational car brand for millennials. The company's appeal is rooted in its ability to create a narrative that extends beyond traditional cars to renewable energy, space exploration, and self-driving vehicles.

Unilever threatens to pull ads from 'divisive platforms'

Den Haag - Anglo-Dutch consumer giant Unilever, one of the world's largest advertisers, threatened Monday to snub digital platforms that fail to protect children or help "create division" in society.

Kremlin critic says top Russian official vacationed with tycoon

Moscow - A video published online by Kremlin critic Alexei Navalny alleging that an influential Russian deputy prime minister enjoyed lavish hospitality from a billionaire tycoon went viral on Friday, receiving more than 2 million views.

New software platform speeds up digital transformation: Interview Special

The company Workboard have produces a SaaS platform that helps enterprises iterate, measure and achieve strategy at market speed. To explore how this solution works in practice, Digital Journal spoke with Deidre Paknad, the company’s CEO.

Snapchat's big bet on augmented reality seems to be paying off

Snapchat's bet on augmented reality seems to be paying off. The rollout of Lens Studio, which allows anybody to create their own AR experience with a set of desktop creative tools, has been a bright spot for the company.

Is digital transformation hampered by slow technology?

Is digital transformation, as a business goal, being slowed down by the very technologies that are available for businesses to use? This is the view expressed by many businesses according to a new survey.

Are businesses simply too busy for digital transformation?

Businesses that interface with customers, run complex supply chains or which have an online presence generally understand the importance of digital transformation, yet many state they lack time and resources.

Google parent Alphabet misses earnings targets, stock falls

Google's parent company Alphabet missed its fourth-quarter earnings, sending the stock down slightly in after-hours trading.

Insufficient export pipelines hurting Canadian oil producers

Toronto - Canada's oil and gas producers are struggling to stay competitive with their U.S. counterparts because of the policy limitations in expanding pipeline capacity, says a new report from the C.D. Howe Institute.

Samsung and LG look for counter-move to washing machine tariffs

When South Korea’s Samsung Electronics and LG Electronics last year announced plans to build home appliance factories in the United States, they hoped to align themselves with President Trump's “America First” manufacturing and jobs mantra.

Macron 'completely changed' France's image, says tech billionaire

Paris - President Emmanuel Macron has "completely changed" France's image, telecoms billionaire Xavier Niel said Wednesday, crediting the youthful, pro-business politician with attracting an influx of tech talent.
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