Southeast Asia’s biggest startup files for $1 billion IPO, sources say: BBG

May 24th, 2017 Business

Southeast Asia startup Sea has filed for a potential U.S. initial public offering.

USDA bracing for ‘significant’ cuts to rural, food stamps, crop insurance programs

May 24th, 2017 Business

USDA is bracing for 'significant' cuts to rural development, food stamps and crop insurance programs.

LA woman arrested on charges of smuggling US space technology to China

May 24th, 2017 Business

A woman was arrested Tuesday for conspiring to illegally export sensitive space tech to her native China.

Lululemon reportedly wants to snag Sephora’s Fifth Avenue vacancy

May 23rd, 2017 Business

Lululemon could take what was once Sephora's 8,000 square feet of retail space at 597 Fifth Avenue, Bloomberg reported.

This retailer reportedly wants to snag Sephora’s Fifth Avenue vacancy

May 23rd, 2017 Business

Lululemon could take what was once Sephora's 8,000 square feet of retail space at 597 Fifth Avenue, Bloomberg reported.

Even Harley-Davidson can’t resist the tug of overseas factories

May 23rd, 2017 Business

Harley-Davidson opened a new factory in Asia, favoring development opportunities and wealthy spenders, N.Y. Times reports.

Former CIA director worried Russia tried to recruit Americans

May 23rd, 2017 Business

Brennan declined to provide any indication about the identity of those people.

Even with closer Saudi-US ties, Arab NATO idea was downright ‘dangerous’

May 23rd, 2017 Business

An "Arab NATO" alliance hyped ahead of President Trump's Saudi visit probably wouldn't have worked.

The strange tales of ministers and kings flying commercial jets

May 23rd, 2017 Business

ONE of the more disquieting rumours of the year is that of the Iraqi transport minister who reportedly demanded a turn at the yoke of a plane carrying 200 passengers flying from Baghdad to Basra. According to a report in the New Arab last month, and a witness account on al-Sharqiya television news, the politician entered the cockpit and asked if he could land the plane. The captain told his co-pilot to give his seat to the minister so that he could land it under his supervision. New Arab quoted one official, speaking on the condition of anonymity: “The minister did not do a good job. He slammed the front of the plane into the ground, sending the passengers into a panic.”

That all sounds a bit far-fetched to Gulliver. (The Iraqi Civil…Continue reading

Live Nation shares fall on terrorism concerns following Manchester Arena attack

May 23rd, 2017 Business

Live Nation said in a statement: "We are deeply saddened by this senseless tragedy …"

Philadelphia Fed non-manufacturing index falls in May

May 23rd, 2017 Business

The regional bank of the Fed said its index on business activity at services companies in the region fell to 25.8 points.

Amazon brings live broadcasting to Europe to compete with Sky, Facebook and Netflix

May 23rd, 2017 Business

Amazon is launching a new service for Prime Video members in the U.K. and Germany giving them live TV broadcasts.

Selena Gomez, Justin Bieber and other major concert stars react to Manchester Arena attack

May 23rd, 2017 Business

Ariana Grande has also shared a brief message with her followers on Twitter, after the fatal attack Monday evening at her concert.

The “I’ve paid in all my life” fallacy

May 23rd, 2017 Business

SOCIAL security is often described as the “third rail” of American politics—touch it and you die. Britain’s prime minister has just tied herself into a tangle over the way to fund long-term care for the elderly.

The problem is made more difficult because of the way that such benefit schemes were established and marketed to the public—as insurance schemes in which what you receive in benefits relates to what you put in. When pension schemes were set up by Franklin Roosevelt (pictured left) in the 1930s or in Britain, by David Lloyd George (pictured, right) in the Edwardian era, the insurance notion was something people could easily grasp (private schemes already existed) and could be seen as fair. 

This was fine in the early years of such schemes when the number of people contributing was far greater than the number of people taking benefits. But as our societies age, the costs rise and the inadequacy of…Continue reading

CEOs got biggest raise since 2013: Here are the top 5

May 23rd, 2017 Business

The bump reflects how well stocks have done under these CEOs' watch.

Euro zone business maintains blistering growth rate in April

May 23rd, 2017 Business

Businesses across the euro zone maintained April's blistering growth rate this month, a survey showed.

Cathay Pacific denies report of additional 200 redundancies

May 23rd, 2017 Business

Cathay Pacific denied a report it is retrenching another 200 employees, in addition to the 600 cuts it announced earlier.

Additional 200 Cathay Pacific staff face the sack

May 23rd, 2017 Business

Cathay Pacific Airways is not done with its staff restructuring and will retrench 800 employees.

Women take up just 9 percent of senior IT leadership roles, survey finds

May 23rd, 2017 Business

Little progress is being made in representing women in senior IT leadership roles, according to a global survey of CIOs.

Here’s why making electric cars is so challenging for German auto makers

May 22nd, 2017 Business

Traditional carmakers are powering up for battle with pioneer of battery charged vehicles, Financial Times reports.