North Korea's 'Lazarus' hackers attack global banks, stolen money to fund nuclear programs
What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.
Apr 04, 2017 06:56 PM EDT
Uniqlo to leave US if Trump insists the retailer makes all its clothes in America
The US president has long promoted a change on how foreign businesses should run their operations - and that is to revive American manufacturing. Uniqlo head showed he didn't like being given an ultimatum by Trump.
Apr 03, 2017 11:51 AM EDT
South African president sacks finance minister over alleged disloyalty; calls for midnight reshuffle
South African leader, Jacob Zuma, has sacked finance minister Pravin Gordhan in a move that drove the country's currency down five percent in value. The president calls for a midnight reshuffle in his Treasury members who he felt were disloyal to his political intentions.
Apr 03, 2017 07:02 PM EDT
H&M to launch new brand Arket this year
Arket, which means 'sheet of paper' in Swedish, will cater to a modern-day market with products for men, women, children and the home.
Mar 31, 2017 10:00 PM EDT
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.
Mar 31, 2017 07:17 AM EDT
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