BUSINESS

  • Aston Martin Unveils New SUV, The DBX
    by GREG BAKER on November 20, 2019 at 8:34 am

    Aston Martin, the storied British luxury sports maker, thinks movie legend secret James Bond has started a family and has produced an SUV for him, the DBX, unveiled today in Beijing, China. The DBX is the first SUV in Aston Martin's 106-year history.

  • Strike certificate issued at South Africa's Comair -union
    by Emma Rumney on November 20, 2019 at 8:23 am

    JOHANNESBURG, Nov 20 (Reuters) - A strike certificate has been issued at South African airline Comair as part of a secondary strike against South African Airways, a spokeswoman for the National Union of Metalworkers South Africa said on Wednesday.

  • Aviva restructures into five divisions, sells Hong Kong stake
    by Carolyn Cohn on November 20, 2019 at 8:15 am

    LONDON (Reuters) - British insurer Aviva (AV.L) has simplified its business into five operating divisions following a review and is selling its stake in its Hong Kong business to co-investor Hillhouse Capital, it said on Wednesday ahead of a presentation to ...

  • Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019 list
    by Manisha Pandey on November 20, 2019 at 8:10 am

    Microsoft's India-born Chief Executive Officer Satya Nadella has occupied the top spot in Fortune's Businessperson of the Year 2019 list, an annual compilation that also includes Mastercard CEO Ajay Banga and Arista head Jayshree Ullal. Fortune's annual ...

  • China is ratcheting up its battle to rescue a slumping economy
    on November 20, 2019 at 8:08 am

    Hong Kong (CNN Business) China's central bank is further loosening its purse strings as the country grapples with a slumping economy and a prolonged trade war with the United States. On Wednesday, the People's Bank of China cut its new benchmark ...

  • New SUVs and electric vehicles highlight LA Auto Show
    by TOM KRISHER on November 20, 2019 at 8:04 am

    New electric vehicles, several new small SUVs, a redesigned compact car, a plug-in version of Toyota 's top-selling vehicle and a futuristic electric station wagon concept car from Volkswagen are among the new models on display this week at the Los ...

  • Start Thanksgiving meal with savory squash soup
    by Wolfgang Puck on November 20, 2019 at 8:04 am

    What's the first thing you'll serve to your guests when they sit down to Thanksgiving dinner next week? That's an important question for any menu. The first course sets the tone for the meal to come. It should, as the old phrase goes, whet the appetite, ...

  • Pub chain Mitchells & Butlers defies casual dining downturn
    by Alice Hancock on November 20, 2019 at 7:59 am

    Mitchells & Butlers, the pub chain behind the All Bar One and Harvester brands, has grown its estate and revenues despite the ongoing contraction of the casual dining market. The FTSE 250 pub company, which runs 1,748 sites across the UK, ...

  • Macdonald changes tack on sale plans and Rusacks at St Andrews set for major extension
    by Ian McConnell on November 20, 2019 at 7:56 am

    Macdonald Hotels is selling the Rusacks in St Andrews and the Randolph in Oxford – reducing borrowings “significantly” and embarking on refinancing discussions - with a previously planned blockbuster deal to dispose of 27 properties having been ...

  • McDonald's is giving away chips for free this Friday - how to get yours
    on November 20, 2019 at 7:52 am

    Each customer can claim one pack each, with no purchase necessary, but rather than heading up to the counter or self-serve screens like normal, to get the freebie, you'll need to make sure you place your order via the McDonald's app. Share. By. Molly Holt.

  • Emirates to get 30 Boeing 787 Dreamliners for $8.8 billion
    on November 20, 2019 at 7:51 am

    DUBAI, United Arab Emirates — The Middle East's biggest carrier, the Dubai-based Emirates, announced on Wednesday a firm order for 30 Boeing 787 Dreamliners in a deal valued at $8.8 billion. Emirates CEO and Chairman Sheikh Ahmed bin Saeed Al ...

  • Fevertree Says Sales of Mixers Hit by UK Retail Crisis
    by Eric Pfanner on November 20, 2019 at 7:39 am

    Fevertree Drinks Plc said the U.K.'s retail slump is weighing on sales of its high-end mixers and will hold back growth for the full year. The company expects annual revenue of 266 million to 268 million pounds ($343 million to $346 million). Analysts have ...

  • Treasury yields tick lower amid US-China trade tensions
    on November 20, 2019 at 7:35 am

    U.S. government debt prices were higher Wednesday morning, amid heightened political tensions between the world's two largest economies. At 02:30 a.m. ET, the benchmark 10-year Treasury note, which moves inversely to price, was lower at around ...

  • Wirecard says 2017 audit of Singapore unit not concluded due to probe
    by Arno Schuetze on November 20, 2019 at 7:20 am

    FRANKFURT, Nov 20 (Reuters) - German payments company Wirecard WDIG.DE said restrictions imposed by authorities in Singapore resulted in the local auditor being unable to conclude its 2017 audit, sending the group's shares 8.5% lower in pre-market ...

  • Oil prices extend losses on supply, trade war fears
    on November 20, 2019 at 7:18 am

    Oil prices slipped for a third day on Wednesday as a surge in U.S. stockpiles reinforced concerns about lackluster global economic growth, while hopes ebbed for any movement on the U.S.-China trade war. West Texas Intermediate (WTI) crude futures erased ...

  • France's EDF to sell its stake in US nuclear reactor firm CENG
    by Sudip Kar-Gupta on November 20, 2019 at 7:14 am

    PARIS — French state-controlled power group EDF said it would exercise an option to sell its 49.99% stake in CENG, which owns five nuclear reactors across three nuclear power plants in the United States. “The disposal of CENG shares is part of the ...

  • South African cement firm PPC's earnings hit by Zimbabwe inflation
    on November 20, 2019 at 7:05 am

    Nov 20 (Reuters) - South African cement company PPC Ltd reported a lower first-half headline earnings per share on Wednesday, hurt by a weaker Zimbabwean dollar and said it had started a review of its operations. The company's results were affected by ...

  • India's Swiggy bets big on cloud kitchens
    on November 20, 2019 at 7:03 am

    Can cloud kitchens take off in India? Swiggy, one of the country's largest food delivery startups, is betting on it. The Prosus Ventures-backed startup said on Wednesday it has established 1,000 cloud kitchens for its restaurant partners in the country — more ...

  • Audi E-Tron Sportback: Electric SUV goes swoopy with coupe variant
    by Bengt Halvorson on November 20, 2019 at 6:58 am

    It isn't unusual for shoppers to be at odds between looks, performance, practicality, sustainability, and elegance. Audi on Tuesday night revealed what might be its best attempt yet to break down those barriers—with a swoopier, more elegant version of its ...

  • Oil prices extend losses on supply, trade war fears
    by Li Peng on November 20, 2019 at 6:45 am

    SINGAPORE (Reuters) - Oil prices slipped for a third day on Wednesday as a surge in U.S. stockpiles reinforced concerns about lackluster global economic growth, while hopes ebbed for any movement on the U.S.-China trade war. An oil pumpjack is seen in ...

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