Business Archive

Now: Starbucks to close more than 8,000 US stores for 'racial bias training' after protests

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Starbucks announced Tuesday that it would close all company-owned stores and corporate offices in the United States on May 29 to conduct “racial-bias education,” following outrage over the arrest of two black men in one of its cafes. It was the latest move by the CEO of Starbucks to

Now: Russian courtroom blocks trendy messaging app Telegram

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A Russian courtroom has ordered the blocking of a popular messaging app following a requirement by authorities that it share encryption data with them. The ban follows a protracted row between Telegram and Russian authorities, who insist they need entry to the encryption keys to investigate essential crimes along

Now: Uncontrolled? Mark Zuckerberg and the flexibility of Fb

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On the first of two days of testimony on Capitol Hill, Mark Zuckerberg undoubtedly happy Wall Avenue. Fb’s value soared by $5 billion in 5 hours. Zuckerberg says it could probably not really feel like his empire constitutes a monopoly and insists he’s exhausting at work making an attempt

Now: Dow plunges 4.6 %, erasing 2018's good points

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Wall Avenue shares plunged in chaotic buying and selling on Monday, because the Dow’s good points for 2018 had been erased in a brutal pullback from months of inventory market euphoria that had been acclaimed by President Donald Trump. The Dow Jones Industrial Common noticed its steepest ever one-day

Now: World markets dive as 'goldilocks' commerce unravels

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A rout in world equities deepened in Asia on Tuesday as inflation worries gripped monetary markets, sending US inventory futures sinking additional into the purple after Wall Road suffered its greatest decline since 2011. Europe’s fundamental bourses began down as a lot as Three p.c, leaving buyers with little

Now: US shares take one other plunge as Dow drops greater than Four %

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Wall Avenue tumbled again into sell-off mode Thursday, with the Dow plunging greater than 1,00zero factors as worries over rate of interest hikes continued to tug the market down. The Dow Jones Industrial Common plummeted 4.2 % to 23,860.46. The broad-based S&P 500 sank 3.eight % to 2,581.00, whereas

Now: Finish of the street for bike-share pioneer Gobee in France

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Individuals desirous to get on their bikes in France have one fewer choice for doing so after the Gobee.bike rent service mentioned Saturday it was closing following a welter of thefts and vandalism. “It’s with nice disappointment that we’re formally saying to our group the termination of Gobee.bike service

Now: Battle of the berries: Is Mexico drowning the US market?

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With negotiators holding contemporary talks this week on overhauling the NAFTA free commerce deal, we have a look at the instance of sentimental fruits. America’s growing urge for food for smoothies and antioxidant fruits means booming enterprise for Mexico’s berry growers. However for his or her US counterparts, low-cost

Now: Former Obama official reaches deal to buy Weinstein Agency

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A former official inside the Barack Obama administration acknowledged Thursday she had reached a deal to buy belongings from Harvey Weinstein’s former agency to launch a model new company after the Hollywood mogul’s downfall for alleged sexual misconduct. Maria Contreras-Sweet acknowledged the deal had been reached with the New

Now: World leaders, markets react to Trump's steel tariffs plan

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Main steel- and aluminium-producing nations on Friday condemned US President Donald Trump’s plan to impose tariffs on the trade, as inventory markets plunged on fears of an imminent tit-for-tat commerce battle. After weeks of hearsay and counter-rumour about his administration’s intentions, Trump on Thursday introduced he would log out