Mexico's largest cement company Cemex won't build Trump's border wall
Cemex, one of the world's largest cement producers, has not participated in the first round of bids that is currently underway but said it is open to providing quotes to supply the raw materials for Trump's promised border wall.
Mar 31, 2017 10:03 PM EDT
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.
Mar 30, 2017 08:39 PM EDT
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.
Mar 31, 2017 09:52 PM EDT
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.
Mar 30, 2017 10:12 AM EDT
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.
Mar 30, 2017 10:39 AM EDT
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.
Mar 30, 2017 11:57 AM EDT
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."
Mar 29, 2017 10:40 AM EDT
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.
Mar 29, 2017 11:08 AM EDT
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.
Mar 29, 2017 11:13 AM EDT
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.
Mar 28, 2017 12:10 PM EDT
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.
Mar 28, 2017 09:25 AM EDT
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.
Mar 28, 2017 11:15 AM EDT