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Economy

Steinhoff said Wiese would "embark on a detailed review of all aspects of the company's business with a view to maximising shareholder value", but its South African shares had slumped 61 percent to close at 15.87 rand, after hitting an eight-year low of 13.50 rand in earlier trading.
  • CME's Bitcoin Futures to Launch December 18

    CME's Bitcoin Futures to Launch December 18

    Economy

    At the same time, the Commodity Futures Trading Commission (CFTC) also announced that Cboe Futures Exchange (CFE) has self-certified new contracts for Bitcoin futures products, and that the Cantor Exchange (Cantor) has self-certified a new contract for Bitcoin binary options.
  • Nestle fined Rs 45 lakh as Maggi 'fails' lab test

    Nestle fined Rs 45 lakh as Maggi 'fails' lab test

    Economy

    However, according to the district authorities, samples were collected past year in November and sent for tests, which had found ash content above the permissible limits of human consumption. On June 05, following an order from the Food Safety and Standards Authority of India ( FSSAI ), Nestle withdrew all variants of Maggi noodles from the market, destroying over 35,000 tonnes of the product.
  • Applebee's offering $1 Long Island iced tea all December

    Applebee's offering $1 Long Island iced tea all December

    Economy

    Applebee's offered a similar promotion with $1 margaritas - the " Dollarita " - in October. The sweet concoction of vodka, tequila, gin, white rum, soda and lemon juice is reportedly a big favorite at the restaurant. Applebee's is getting a little more "L.I.T." this December. Good one Applebee's. We see what you did there. So far, the Internet is freaking out about the news - and about how drunk this deal might get them.
  • Archdiocese Sues DC Metro For Refusing To Run Christmas Ads

    Archdiocese Sues DC Metro For Refusing To Run Christmas Ads

    Economy

    In a statement , Bishop Michael F. Burbidge of the neighboring Diocese of Arlington, Virginia, said WMATA's decision "to suppress free speech and ban the depiction of a religious scene is saddening and troubling". The Catholic Church responded by stating this order violates the First Amendment. . The Archdiocese also argues the policy is inconsistent, because WMATA accepted ads for the Salvation Army and Yoga.
  • Judge denies restraining order to halt Mulvaney's appointment as acting CFPB director

    Judge denies restraining order to halt Mulvaney's appointment as acting CFPB director

    Economy

    Cordray announced Friday that he had appointed Leandra English as the agency's deputy director, which made her the acting chief, but within hours President Trump appointed Mulvaney, the White House budget chief, to fill the post. "The law says that I shall appoint the deputy director, and I did so", he said. She is "purporting to be acting director", he said. But it may take several weeks for someone to be nominated and even months until the Senate could confirm his or her appointment.
  • Waymo-Uber Trial Delayed Over Claims Of Hidden Evidence

    Waymo-Uber Trial Delayed Over Claims Of Hidden Evidence

    Economy

    The hearing instead quickly turned into a forum raising more questions about Uber's ethics and corporate culture. A federal court judge in California delayed the start of a civil trial between ride-hailing giant Uber and Waymo, Alphabet's self-driving vehicle unit, after receiving a memo written by a former Uber employee that about the alleged theft of trade secrets.
  • YouTube removes ads on 2 million inappropriate children's videos

    YouTube removes ads on 2 million inappropriate children's videos

    Economy

    Advertising experts noted that no major brand wants to be associated with pedophilia on YouTube no matter how small the audience for that content may be. Within the span of 6 months, YouTube has eliminated over 50 user channels and stopped running ads on over 3.5 million videos. YouTube Go , a new app created to broaden the accessibility of the behemoth video-sharing service.
  • Meredith to buy Time Inc. for $1.85 billion

    Meredith to buy Time Inc. for $1.85 billion

    Economy

    Once the two companies are merged, Meredith says they will serve almost 200 million consumers, with its digital media business reaching 170 million monthly unique visitors in the U.S. Lacy said in a statement. "We think there's tremendous untapped potential", Time CEO Rich Battista told The New York Times about why the company was turning away potential suitors.
  • Recycling wins a place in Industrial Strategy

    Recycling wins a place in Industrial Strategy

    Economy

    The pharma company - known as Merck & Co in the USA and Canada - also intends to move around 800 workers from its current headquarters in Hoddesdon, Hertfordshire, and says it is scouting out locations for the new site with the aim of starting operations in 2020.
  • Local mom and pop stores prepare for Small Business Saturday

    Local mom and pop stores prepare for Small Business Saturday

    Economy

    So, I thought why don't we have a bunch of pop up shops for small business Saturday. For Road Runner, he says that's huge. "It's just exciting to know that we're changing peoples' lives just by shopping". Philipson's manager Elizabeth Bello says the Small Business Saturday has become a win-win for both the retailers and the consumers, "It's helping one another and supporting each other".
  • Volcano erupts again in Indonesia's Bali

    Volcano erupts again in Indonesia's Bali

    Economy

    Authorities raised the alert to the highest level and ordered the evacuation of people living within a 12-kilometer radius around Mount Agung, forcing some 130,000 residents to leave their homes in September and October. Camera IconA volunteer puts a mask on a woman due to ash in the air from Mt. Agung volcano. 'Following an eruption of the Mount Agung volcano in Bali, Indonesia, it is not now safe to operate flights around Denpasar Airport, ' the airline said in a statement .