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Corporate news

​Oil price drop ‘good for Britain’ – Chancellor Osborne
Chancellor George Osborne has welcomed the global fall in oil prices, calling the drop a “net positive” in providing UK consumers with cheaper sources of energy, while applying political pressure on Russian President Vladimir Putin.

16.12.2014 15:07

McDonald's in Japan forced to serve small fries as US ports dispute hits supplies
Japan is facing a McDonald’s French-fry shortage and can only afford to serve its customers small portions, because of a protracted union standoff at US West Coast ports. Rerouting shipments isn’t helping, Japan’s McDonald’s officials say.

16.12.2014 07:30

‘Ethnicity gap widening’: Top UK directors overwhelmingly white, study shows
Top management in Britain’s biggest companies is becoming less ethnically diverse, despite government attempts to encourage the promotion of minorities to senior posts, according to a recruitment organization.

15.12.2014 13:34

Microsoft now accepting bitcoin for games, apps
Microsoft added bitcoin as an online payment option in Xbox and Windows stores. US customers can now purchase games, apps and other goodies, with digital currency added to their personal Microsoft accounts.

13.12.2014 06:07

Russia targeted by another large-scale cyber espionage campaign – Kaspersky Lab
Russian companies in oil, finance, military, and other sectors – as well as the country’s embassies abroad – have become the primary targets of a new espionage campaign, labeled ‘Cloud Atlas’ by global information security powerhouse Kaspersky Lab.

12.12.2014 15:28

Comcast sued for creating public hotspots using private wireless routers
Comcast customers filed a class-action lawsuit against the company in federal court, claiming that its business practices result in higher electricity costs, slower internet connections and increased security vulnerabilities for customers.

10.12.2014 20:49

‘Failed experiment’: Privatized rail, water & utilities hit households financially – study
British households could be saving £250 a year each if services such as railways and water were publicly owned rather than privatized, according to a new report.

09.12.2014 14:26

Apple’s new patent dreams of laser beams on iPhones
Apple is developing a new laser-based system for future iPhones, enabling the ubiquitous devices to map their surroundings. The newly submitted patent would bring NASA-like technology to the masses.

08.12.2014 21:27

Not lovin' it: McDonald's sales in US plummet
In the month of November, fast-food behemoth McDonald’s saw monthly sales at established locations drop globally and in the US by 2.2 percent and 4.6 percent, respectively.

08.12.2014 18:47

BP cuts hundreds of jobs, oil price slump & Deepwater Horizon spill blamed
Oil giant British Petroleum (BP) plans to cut hundreds of jobs, many of them in the US and the UK, owing to the recent drop in oil prices and rising costs due to the Deepwater Horizon disaster in the Gulf of Mexico.

08.12.2014 12:27

German energy giant E.ON splits into renewable & fossil fuel companies
Germany’s biggest power supplier, E.ON, is shaking up its corporate structure in response to the company’s poor performance among Europe’s energy sector crisis. It will split into two companies – one focused on renewables and the other on fossil fuels.

01.12.2014 07:33

#BlackFriday: Brits react to manic sales shopping
It isn’t even December yet, but for thousands of Brits it’s time to shop till you drop, as annual ‘Black Friday’ sales take place across the globe.

28.11.2014 11:01