Latest News

Vauxhall joins PSA Group in €2.2 billion deal, employees fear job losses

French company that owns Peugeot and Citroen enters into a €2.2 billion deal to buy General Motor's European unit which includes Vauxhall. General Motor CEO Mary Barra affirms Vauxhall's British brand while respecting the agreements on the workforce.

Mar 07, 2017 09:42 AM EST

German tycoon Schlecker faces fraud trial with family

Anton Shlecker is accused of offenses related to the 2012 bankruptcy of his pharmacy chain that employed 50,000 people in Germany and in Europe.

Mar 07, 2017 09:42 AM EST

Luxury automakers drive online sales on

China is projected to become the top market for luxury automakers by 2020 and brands rev up sales with to reach the country's affluent and digitally active consumers.

Mar 06, 2017 05:58 AM EST

Sports Direct owner buys into lingerie brand Agent Provocateur

Sports Direct owner Mike Ashley has acquired an interest in the struggling luxury lingerie retailer, Agent Provocateur.

Mar 06, 2017 01:24 AM EST

Jimmy Choo revenues skyrocket with strong Asia market, weak pound and menswear range

The record revenues and profitability are proof to the growing appeal and strength of Jimmy Choo.

Mar 03, 2017 09:42 AM EST

Snapchat share price soars on market debut

The firm's valuation of $30 billion is the biggest record for a US tech company since Facebook in 2012.

Mar 03, 2017 08:28 AM EST

Ford may cut more than 1000 jobs at Bridgend plant in worse case scenario

Unions are fighting to keep the jobs in Ford at all cost as a reduction in employment could lead to a serious economic crisis.

Mar 03, 2017 08:42 AM EST

McDonald's expands delivery service through ordering app

The new app will allow customers to place orders for pickup alongside features such as customized favorites and preferred payment methods.

Mar 02, 2017 07:24 PM EST

Oil prices forecast $50 to $70 per barrel through 2022, report says

Overall, demand is set to outpace supply on average over the forecast period.

Mar 02, 2017 10:58 AM EST

Tiffany & Co. CEO steps down, new directors appointed to accelerate business strategies

The company shake-up comes after Tiffany's disappointing financial results.

Mar 02, 2017 09:19 AM EST

Yahoo CEO Mayer gives up annual equity, bonus over mishandling of secuirty breaches

Mayer claims responsibility and offered that her cash bonus and annual equity award, instead, that it be redistributed to Yahoo's hardworking employees.

Mar 02, 2017 07:03 AM EST

Samsung chief faces trial after indictment on corruption charges

De facto chief of the South Korean electronics giant faces trial after indictment on multiple charges which include bribery and embezzlement.

Mar 02, 2017 12:59 AM EST

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