Jun 16, 2019 Last Updated 13:35 PM EDT
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Amazon to collect state sales tax marking the end of a tax-free shopping experience

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Amazon to collect state sales tax marking the end of tax-free shopping experience

Amazon was one of the leaders in keeping online purchases tax-free. As the company moves to offer faster deliveries, it expanded its distribution centers and started collecting sales tax in more states.
Topshop Topman New York City Flagship Opening Dinner

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Topshop managing director leaves for The White Company in a string of resignations from Arcadia empire

An analyst notes that Mary Homer's departure will have an impact on Topshop saying that her fashion instincts were key players to the success of the brand.
Qatar offers loaner laptops in response to the electronics ban

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Qatar Airways to offer loaner laptops in response to the US' electronics ban

Qatar also promises to provide a one hour free Wi-Fi access with a $5 charge to stay connected the whole flight. The loaner laptops, a workaround over the electronics ban, will only be available to the airlines' business class passengers.
Amazon CEO Jeff Bezos Addresses Economic Club Of New York

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Jeff Bezos becomes second richest in the world surpassing Warren Buffett, Amancio Ortega

Jeff Bezos added $1.5 billion to his fortune after Amazon rose to $18.32 on Wednesday following the announcement that it acquired Dubai-based online retailer Souq.com.
Brexit negotiations will highly cost Britain in debts, currency and rates; OBR and analysts say

News

UK officially leaves EU; forecasters warn of tough times ahead

While Theresa May told MPs that Brexit doubters should look forward with optimism, forecasters warn that divorce from the EU will be costly and that it could weigh heavily on UK's economic prospects in the next years.
Wells Fargo to pay $110 million settlement over fake accounts scandal

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Wells Fargo to pay $110 million settlement over accounts scandal

US bank Wells Fargo has agreed to pay $110 million as settlement for the 11 class-action lawsuits brought by customers who had accounts opened without their permission.
Tesco to settle accounting error for £129 million plus £85m damages to investors

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Tesco to settle accounting error for £129 million plus £85 million damages to investors

Large supermarket group Tesco is set to pay £129 million in settlement for overstating the company's profits in 2014.
Elon Musk launches brain electrode company Neuralink

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Elon Musk launches brain electrode company Neuralink

The idea of Elon Musk in creating Neuralink is to improve memory or give humans added artificial intelligence. This could be achieved by developing neural lace technology that would implant tiny electrodes into the brain.
Hedge fund exec linked to Madoff jumped to his death

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Hedge fund exec linked to Madoff jumped to his death

Murphy, who worked at the Fairfield Greenwich, was at the top of his game, controlling the hedge fund when the firm invested billions with Madoff. Fairfield lost almost $50 million that led to investors filing a class action lawsuit.
Amazon acquires Souq in a coming-of-age moment for e-commerce in the Middle East

News

Amazon acquires e-commerce platform Souq.com

Amazon executives did not disclose the value of the deal to which Goldman Sachs refer to as the "the biggest-ever technology M&A transaction in the Arab world."
New pound coin: hidden security features, problems and availability

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New pound coin's hidden security features, problems and availability

The new 12-sided £1 coin comes into circulation on Tuesday with a hidden security feature that would stamp out fraud and counterfeiting.
Doha, Qatar skyline.

News

Qatar pushes £5 billion UK investment despite Brexit

Qatar claims that Brexit will have no impact on its investment efforts as the country is looking into the long-term view.
American Airlines buys China Southern in $200 million stake as traffic booms

News

American Airlines to buy $200 million worth of shares in China Southern

The deal ties American Airlines, one of the three big carriers in the US, with one of China's big three state-run airlines.
UK banks face new stress test scenario by the Bank of England

News

UK banks face new stress test scenario by the Bank of England

Bank of England prepares new stress test scenarios to be given to UK's biggest banks in preparation for any sudden slowdown in foreign interests in UK assets. The Brexit vote last year has triggered a sharp drop in the value of the pound.
Apple, Facebook join augmented reality glasses race; tech groups bet it could replace smartphone

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Apple, Facebook join augmented reality glasses race; tech groups bet it could replace smartphone

Apple and Facebook are going up against start-up company Magic Leap and Microsoft's HoloLens in developing a pair of augmented reality glasses that could one day replace the smartphone as the primary computing device for consumers.
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Latest Stories

Amazon to Launch Deliveroo, A Rival to Uber in Food Delivery

The meal delivery company has expanded beyond Britain to 13 other markets, including Australia, France, Hong Kong and Kuwait

'Brand Me' presentations increase students' confidence and enhance their employability

The University of Portsmouth is helping its students build a strong personal brand to increase their confidence and enhance their employability.

Finding the 'Goldilocks' level of enthusiasm for business pitches

When it comes to pitching business ideas to potential investors, an entrepreneur's excitement and enthusiasm can be the difference between dreams taking shape or ultimately falling flat.

Going viral: Investors pay more attention to social media stocks

What is a social media firm worth? Following how retail investors pay attention to company tickers is one piece of the puzzle. In a new study published in International Journal of Economics and Finance, a finance scholar from Michigan Technological University delves into the pricing behavior of social media firms. The study found that investors pay attention to social media stocks over other company stocks.

What happens if there is no deal for Brexit?

Currently, a driver of a UK-registered car is allowed to drive anywhere in the EU, the EEA (European Economic Area), Switzerland and Serbia, and not have to carry a green card that proves you have insurance cover.

Must Read

China Agrees To Stop Currency Manipulation

President Trump on Friday announced the first concrete deal with China to come out of nearly three months of trade talks - a deal to prevent currency manipulation.

German economy narrowly avoids recession

Europe's largest economy offered mixed signals on Friday that suggest it's down but not out.

CEOs make money from negative information released prior to stock option grants

New research finds that despite regulations, CEOs control information release and may do so for their own financial gain

Believing in yourself can backfire when investing in equity crowdfunded ventures

Normally, it's good to believe in yourself. But research from Indiana University's Kelley School of Business indicates that it can be bad advice for amateurs investing online in unregulated, sometimes risky, equity crowdfunded ventures.

Parenthood contributes to gender imbalance in STEM employment, but it's not just an issue for mother

Nearly half of new moms and a quarter of new dads leave their full-time STEM jobs after they have their first child, according to a new study.

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