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Private sector output suffers biggest drop since May | London Business News

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Tinder lawsuit: ex-VP accuses former CEO of sexual assault

The former executive, Rosette Pambakian, alleges in a lawsuit filed in Los Angeles Superior Court that former Match Group and Tinder CEO Gregory Blatt made lewd...

RBI cuts repo rate by 35 basis points; maintains accommodative stance

The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, vehicle loan and corporate borrowers. Expressing satisfac...

Aurora rises as Q4 pot production expected at high end of guidance

About 31.11M shares traded or 149.94% up from the average. Many investors forget that one of the defining characteristics of the stock market is that it's a m...

Facebook, stop trying to make Libra happen

In a joint statement published on Monday by the U.K. Information Commissioner's Office (ICO), data privacy commissioners from Australia, Albania, Burkina Faso...

Domino's stockpiles toppings to beat no-deal Brexit

And many toppings, such as frozen chicken and pineapple, are also imported, according to the report. Because shit is still very much in the air with Brexit, a...

Reserve Bank cuts official cash rate to record low 1 per cent

Market expectations were for a 25 basis point cut. Some economists still expect the bank to cut yet again in November, which would take the rate to 0.75 per c...

London is increasingly home to the top 1% by income, study finds

The Institute for Fiscal Studies said the top 1 per cent of taxpayers receive more than 150,000 pounds (S$251,660) a year and more than a third of them now live...

Flipkart to launch video streaming service before Diwali

In response to MediaNama's query, Flipkart confirmed the development but had no official statement to share on this matter. "With this, the shop (the Flipkar...

Stock Sell-Off to Hit Asia as Trade War Escalates: Markets Wrap

Losses in US futures were pared after the People's Bank of China set its daily reference rate at 6.9683 per dollar on Tuesday. But it came hours after the USA h...

Litecoin Halving Today: What is going to happen and when?

The event marks a major threshold for miners, as the litecoin network is created to reduce its mining rewards by half every 840,000 blocks (roughly every four...

Dow falls over 760 points amid trade war concerns

All 11 primary S&P 500 sectors dropped, with technology and communication services sectors leading the decliners. The drop in S&P 500 futures late on Monday s...

Barneys New York files for Chapter 11 bankruptcy protection

Barneys has filed for bankruptcy , Business of Fashion has reported. The chief executive, Daniella Vitale, said Barney's had been "dramatically impacted by...

Study suggests that e-scooter fleets aren’t as green as they seem

Designed for short-distance travel, these devices have a small electric motor and deck on which a single person stands. Scooters are an alternative to driving a...

Stocks plunge in worst loss of year as trade war escalates

The escalating dispute between the world's largest economies is rattling investors unnerved about a global economy that was already slowing and falling USA co...

Audi's E-Tron Scooter is a skateboard with a handle

Now caught in a world-wide offensive to promote the line of electric vehicles that bears the e-tron name, Audi announced on Monday (August 5) it is working on t...

Pilot arrested before boarding flight to USA is released

Police Scotland confirmed the 45-year-old had been released after questioning. The male pilots aged 45 and 61 are expected to appear at Paisley Sheriff Court ...

Owner of several Kansas newspapers to merge with USA Today owner

The resulting company would be the largest USA newspaper company by far, with a print circulation of 8.7 million, 7 million more than the new No. 2, McClatchy, ...

Fed to develop real-time payments system for launch in 2023 or 2024

Of the more than 350 comments that took a position on whether the Federal Reserve should develop a new service for faster payments, over 90 percent supported th...

Republican politician blames videogames for mass shootings

Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. The loudest of these voices comes from Kevin McCarthy , the Republican House minority ...

Fox Corp. to Buy $265 Million Majority Stake in Credible Labs

The Rupert Murdoch led company Fox Corp has gone through a transformation lately. Fox consists of Murdoch's remaining media assets since he sold the 21st Ce...

Krispy Kreme releases two new Reese’s Peanut Butter filled doughnuts

Available at Krispy Kreme shops for a limited time beginning today, August 5, chocolate and peanut butter lovers can get their hands on two mouthwatering new ...

Gold prices touch all-time high amid trade, J&K tensions

The U.S. action comes after China allowed its yuan to weaken past the key 7-per-dollar level on Monday for the first time in more than a decade, following Trump...

South Africa's private-sector activity slips further in July - PMI

Services sector activities in July not only returned to growth territory from contraction in the previous month but expanded to a 12-month high on new business ...

Walmart to keep selling guns

The other companies did not respond to a request for comment. "The number of people hunting and fishing has been declining significantly". In a statement citi...

Mike Ashley snaps up struggling fashion retailer Jack Wills

The deal means a stay of execution for 1,700 staff working in Jack Wills' 100 United Kingdom stores and its six franchises, including several in the Middle East...

Flying auto takes flight briefly in Japan

The country's technological roadmap calls for shipping goods by flying cars by around 2023 and letting people ride in flying cars in cities by the 2030s. A larg...

Dow plunges more than 800 as trade war worsens

US stocks plunged to their worst loss of the year today and investors around the world scrambled to sell on worries about how much President Donald Trump's wo...

ReAssure agrees to £425m acquisition

With the acquisition of Quilter's United Kingdom closed book business, ReAssure takes on about 300 employees, adding over 0.2 million customer policies and £1...

Tesco set to axe 4500 jobs

The UK's largest supermarket said it had "begun conversations with colleagues about some operational changes to the way we run our Metro stores in the UK". In a...

Democrats have told Google to make its contractors permanent employees

The senators' demands for the workers also include prohibiting financial disincentives, wage and benefit parity, limit on the use of independent contractors and...