World

Rupert Murdoch to buy Sky (UK) after 2018

Rupert Murdoch to buy Sky (UK) after 2018

Rupert Murdoch’s recurring dream of owning Britain’s biggest pay TV provider won’t become reality until at least 2018. A planned $15 billion takeover of Sky UK, by 21st Century Fox (FOX) faces many more months of scrutiny by U.K. officials after Murdoch declined to offer new concessions to protect Sky’s editorial independence, according to sources familiar with the […]

Will Apple buy Netflix

Will Apple buy Netflix

Even though Apple (AAPL) has shown no appetite for making large acquisitions, Wall Street analysts continue to speculate that the iPhone maker will use its massive cash stockpile to make a game-changing deal. Investment bank Citigroup is the latest to weigh in on what Apple might do with its war chest, which totaled $256.8 billion in cash and […]

Microsoft slash thousands of jobs amid transformation

Microsoft slash thousands of jobs amid transformation

The logo of Microsoft is pictured in Issy-les-Moulineaux, France, August 8, 2016. REUTERS/Jacky Naegelen/File Photo (Copyright Reuters 2016) U.S. tech giant Microsoft (MSFT) announced Thursday it will lay off thousands of workers amid a massive global reorganization of its workforce. “Microsoft is implementing changes to better serve our customers and partners. Today, we are taking […]

Virgin Australia takes off for Hong Kong

Virgin Australia takes off for Hong Kong

Sir Richard Branson, Virgin Australia chief executive John Borghetti and other special guests celebrating the airline’s inaugural Melbourne-Hong Kong flight. (Virgin Australia) Virgin Australia flight VA87 has taken off from Melbourne bound for Hong Kong, marking the start of what chief executive John Borghetti describes as the airline’s Asian expansion. The flight, operated by Airbus […]

The Electric Car Revolution Is Here

The Electric Car Revolution Is Here

 Electric cars will be as cheap as gasoline models by 2025  Battery manufacturing capacity will triple in the next four years Electric cars will outsell fossil-fuel powered vehicles within two decades as battery prices plunge, turning the global auto industry upside down and signaling economic turmoil for oil-exporting countries. The Bloomberg New Energy Finance forecast says adoption […]

Goldman Sachs says bitcoin could rise another 50%

Goldman Sachs says bitcoin could rise another 50%

Goldman Sachs says bitcoin could rise another 50% Goldman Sachs’ Sheba Jafari included a note on bitcoin in a report on charts for the week ahead. Jafari said bitcoin could rise in a fifth “wave” of gains. Bitcoin traded near $2,567, 15 percent below its record high hit on June 11. Goldman Sachs says bitcoin […]

Spain’s Gas Natural pursues $52b merger with Portugal’s EDP

Spain’s Gas Natural pursues $52b merger with Portugal’s EDP

Spain’s Gas Natural pursues $52b merger with Portugal’s EDP Spanish power and gas company Gas Natural has approached Portuguese rival EDP about merging to form Europe’s fourth biggest utility by market value, people familiar with the matter said. Talks over a potential €35 billion ($52 billion) deal and its potential structure are still at an early […]

Tesla Model 3 production to begin

Tesla Model 3 production to begin

Electric car manufacturer Tesla has announced the launch this week of its eagerly awaited Model 3, which the firm hopes will make electric cars accessible to all motorists. Tesla founder Elon Musk announced on Twitter that the Model 3 has ‘passed all regulatory requirements for production two weeks ahead of schedule,’ which means the first […]

Australian banks told to reform sales targets by Wells Fargo whistleblower

Australian banks told to reform sales targets by Wells Fargo whistleblower

Australian banks risk being embroiled in misconduct such as the fake bank account scandal that hit Wells Fargo unless sales targets for frontline staff are reformed, says a whistleblower from the US bank. Kilian Colin, a former Wells Fargo banker, played a key role in exposing the scandal in which millions of fake accounts were opened by staff who […]

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