Money

Money BP agrees to more climate reporting after 'constructive' investor talks
Author: 0 BP agrees to more climate reporting after 'constructive' investor talks

They include Hermes EOS, Aviva Investors and Legal and General Investment Management. A range of investors have been pressuring Exxon to be more transparent in setting targets to reduce greenhouse gas emissions. The move from BP builds on the firm's Advancing the Energy Transition (AET) strategy, which has a headline aim of generating reductions of 3.5m tonnes of Carbon dioxide equivalent annually throughout the businesses by 2025.

Money RCom to approach NCLT under insolvency law
Author: 0 RCom to approach NCLT under insolvency law

The statement cited "unresolved challenges", pending legal issues at high courts, and the Supreme Court for the insolvency proceedings . The NCLAT process involves the appointment of an external debt resolution officer, who will be in charge of most affairs of the company and will strive to generate the best solution possible for all stakeholders.

Money ScS no longer in the running to acquire Sofa.com
Author: 0 ScS no longer in the running to acquire Sofa.com

ScS , said in October it would stop selling its products at House of Fraser stores from January, saying the partnership had ceased to be beneficial since Ashley bought the failed department store chain. LGT European Capital took control of the business a year ago, but has now engaged KPMG to find a buyer for it. But in an update on Friday ScS said it was "no longer in discussions".

Money Jobs Grow by 304,000 While Unemployment Data Spoiled by Shutdown
Author: 0 Jobs Grow by 304,000 While Unemployment Data Spoiled by Shutdown

The Bureau of Labor Statistics announced that the initial response rate for the Establishment Survey was just 61%, the lowest since 2008. Numerous remaining furloughed federal employees were classified as " employed but absent from work", so those employees were not counted in the unemployment rate .

Money Amazon hits record $4.3 billion profit
Author: 0 Amazon hits record $4.3 billion profit

The $7.4 billion in cloud revenue for the quarter ending December 31 marked year-over-year growth of 45 percent at AWS-$130 million more than analysts had predicted. AWS now represents 10 percent of Amazon's total quarterly sales and its cloud business has become crucial to the success of its parent company. The all-important holiday season fueled 20 percent growth in revenues, to $72.4 billion, while profit grew to $ 3 billion , up from $1.86 billion a year ago.

Author: 0 BP to tie executive pay to reducing greenhouse gas emissions

The company has also been told to justify how capital expenditure in fossil fuel projects was consistent with the landmark climate deal, and set new metrics and targets. However, the company has faced much criticism regarding the specifics of its AET strategy - or lack thereof. But BP urged investors to reject a tougher climate resolution brought by a Dutch shareholder activist group, which it said was too prescriptive.

Money New BMW 7 Series plug-in hybrid unveiled
Author: 0 New BMW 7 Series plug-in hybrid unveiled

Power comes from a 3.0-litre BMW EfficientDynamics engine producing a peak power output of 286hp combined with an electric motor with a rated output of 113hp and torque of 265Nm, along with a new lithium-ion battery featuring the very latest battery cell technology and expanded storage capacity.

Money Delays at Orlando airport after TSA agent jumps from hotel
Author: 0 Delays at Orlando airport after TSA agent jumps from hotel

Emergency workers treat the man in the middle of the airport after he jumped from the Hyatt Regency Hotel into the atrium area. "We ask that you have patience with airport personnel as they work through this tragic incident", the Orlando Police Department tweeted.

Money Npower blames price cap for loss of 900 jobs
Author: 0 Npower blames price cap for loss of 900 jobs

The energy company said although they employ 6,300 staff through the United Kingdom, redundancies will be low due to the turnover of staff. Npower has said that it is too early to confirm which part of its workforce would be affected by the cuts.

Money China manufacturing survey shows shock fall in confidence
Author: 0 China manufacturing survey shows shock fall in confidence

A reading above 50 indicates expansion, while a reading below reflects contraction. The gloomy readings were more downbeat than an official survey on Thursday, which also showed growing strains on China's manufacturing sector , a key source of growth and jobs.

Money Unilever warns of 'challenging' 2019
Author: 0 Unilever warns of 'challenging' 2019

Unilever , the consumer products giant that sells Dove soaps and Ben & Jerry's ice cream, said Thursday that Europe's hot summer and the sale of its spreads division helped drive up net profit a year ago by 51 percent, to 9.8 billion euros ($11.2 billion).

Money Napoleon Perdis makeup empire goes bust, putting Australian jobs at risk
Author: 0 Napoleon Perdis makeup empire goes bust, putting Australian jobs at risk

We are fortunate that throughout our business, we have staff and teams who have not only underpinned the business success, but who are our extended family.' Said Napoleon Pedris. He asked customers, suppliers and other interested parties to continue to support the brand. The well-known cosmetics brand was started by the Greek Australian make-up artist in 1995 with his first concept store in Sydney , which expanded out of a makeup academy.

Money Britain outraged at EU's Gibraltar 'colony' reference
Author: 0 Britain outraged at EU's Gibraltar 'colony' reference

GBC's Christina Cortes asked the Chief Minister, Fabian Picardo, to confirm that Gibraltar is set to be listed as a visa-exempt territory, albeit in a separate category to the UK. The European Parliament said last month that they would be in support of letting United Kingdom citizens travel without visas throughout the EU even if there was no deal in place by the time that the United Kingdom leaves.

Money Jeff Bezos Questioning Mistress's Trump-Supporting Brother over Leaked Texts
Author: 0 Jeff Bezos Questioning Mistress's Trump-Supporting Brother over Leaked Texts

Last month, The National Enquirer published a series of romantic texts the 55-year-old billionaire had sent to his 49-year-old flame months before his divorce was made public. Paulina Dedaj is a writer/ reporter for Fox News. According to the Daily Mirror, investigators are looking into allies of the USA president to see if any of them could have been behind the leak.

Money No deal Brexit threat hit United Kingdom vehicle manufacturing in 2018
Author: 0 No deal Brexit threat hit United Kingdom vehicle manufacturing in 2018

In 2015, auto manufacturers invested £2.5 billion in the UK. United Kingdom production for its domestic market and exports to global markets fell by 16.3 percent and 7.3 percent. Volumes have also been hit by a crackdown on diesel , stricter emissions rules disrupting supply and a slowdown in China, the world's no. 1 autos market, the Society of Motor Manufacturers and Traders (SMMT) said.

Money India’s unemployment rate hit 45-year high in 2017/18
Author: 0 India’s unemployment rate hit 45-year high in 2017/18

The back to back economic disaster from demonetisation and the imposition of the Goods and Service tax made this task even more hard to achieve. On January 28, acting chairman and another member of the National Statistical Commission (NSC) resigned, saying the government had not released the job numbers despite the commission's approval.

Money No, Elon Musk Did Not Just Release All of Tesla's Patents
Author: 0 No, Elon Musk Did Not Just Release All of Tesla's Patents

The company made a net profit of $139.5 million in the three months ended December 31, compared with a $311.5 million in the third quarter, when it benefited from regulatory credits. Fortunately, Tesla now has additional help with Model 3 production by way of a new factory in Shanghai and improved capacity at its Fremont, California plant.

Money Total announces the Glengorm discovery in the North Sea
Author: 0 Total announces the Glengorm discovery in the North Sea

Glengorm is the largest United Kingdom gas find since Culzean in 2008, and the 11th biggest discovery of any kind in United Kingdom waters for 30 years, according to analysts from Wood Mackenzie, the energy consultancy. "Our strong position in the region will enable us to leverage existing infrastructures nearby and optimise the development of this discovery". McLachlan further added that Glengorm is an achievement which signifies the firm's capacity to create value in a well-established ...

Money A Second Apple Employee Has Been Charged With Stealing ‘Project Titan’ Secrets
Author: 0 A Second Apple Employee Has Been Charged With Stealing ‘Project Titan’ Secrets

The alleged secrets thief reportedly carried out his pilfering while he worked as a hardware developer last summer and was one of 5,000 Apple employees scooped up to work on Project Titan . Another alleged Chinese spy has been caught apparently trying to steal secrets from Apple's mysterious self-driving vehicle project. Some of the photos were taken back in June of 2018, while others were taken as recently as December of past year.

Money Government To Not Extend February 1 Deadline For E-Commerce Norms
Author: 0 Government To Not Extend February 1 Deadline For E-Commerce Norms

Both Amazon , and Walmart's Flipkart , had extensively lobbied against the latest rules and pushed for a delay in their implementation, but India late on Thursday said the deadline was going to stand. A senior executive, who did not wish to be identified, said these companies remain hopeful and are still reaching out to officials to explain the overhaul required in business models to ensure compliance with the new rules.

Money Another recall issued for infant ibuprofen
Author: 0 Another recall issued for infant ibuprofen

A recall of liquid infant ibuprofen sold at Walmart , CVS and Family Dollar over concerns of potentially risky higher-concentration medicine has been expanded to include additional batches. The product is used as a pain reliever/fever reducer and is packaged in ½ oz. and 1 oz. bottles. Sold under the "Equate" label. National Drug Code (NDC) 49035-125-23; the products being withdrawn have the lot numbers 00717005A, 00717009A, 00717015A and 00717024A on their label.

Money Italy in recession as eurozone sluggish
Author: 0 Italy in recession as eurozone sluggish

The Italian economy contracted in the fourth quarter of 2018, plunging the country into a technical recession, official data showed today. Output in Europe's fourth largest economy contracted 0.2% in the fourth quarter, on the heels of a 0.1% drop in the quarter before that.

Money Facebook ropes in new privacy policy manager for WhatsApp
Author: 0 Facebook ropes in new privacy policy manager for WhatsApp

Facebook's fourth quarter revenues were up 30% year-on-year to US$16.9 billion while net income grew 61% to US$6.88 billion. Facebook shares jumped 11.5 per cent to $167.67 in after-market trades that followed release of the earnings. But analysts say the trust issue is crucial for Facebook if it wants to move forward in its mission to connect the world. Visual social network Instagram has been a bright spot for Facebook, with use and revenue rising.

Money Consumers Asks Customers to Reduce Gas Usage After Fire
Author: 0 Consumers Asks Customers to Reduce Gas Usage After Fire

Jackson-based Consumers Energy said no one was injured in the fire Wednesday at its Ray Natural Gas Compressor Station in Macomb County. The fire is being contained and there were no injuries. - Businesses can reduce their workload for the day. They are urging customers to shut and seal windows and doors and close them tightly while checking for cold air leaks.

Money Sanction-hit Iran ready to launch state cryptocurrency
Author: 0 Sanction-hit Iran ready to launch state cryptocurrency

The creation of the rial-backed cryptocurrency will eventually allow Iran to participate in worldwide trade deadline the sanctions by the U.S. It remains to be seen if Iran's national cryptocurrency will effectively facilitate worldwide trade, or if the long arm of United States sanctions will render Iran's national cryptocurrency ineffective.

Money Volkswagen dune buggy makes an electric comeback
Author: 0 Volkswagen dune buggy makes an electric comeback

Based on VW's new MEB platform , the design of the concept vehicle takes its cues from the popular American dune buggies of the '60s and '70s. Volkswagen just dropped teaser photos of their upcoming beach buggy concept. The true goal of developing this concept buggy, however, was to demonstrate the flexibility of the MEB platform which can be used for both large-scale series production models as well as for low-volume niche series just like the Beetle chassis from our memories.