Thursday, 28 February 2019

BBC and ITV set to launch Netflix rival

The broadcasters aim to launch their "BritBox" service in the UK later this year.

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Metro bank shares slump on cash call

The challenger bank's shares see another double-digit fall after it unveils a fundraising plan.

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Ted Baker shares tumble after profit warning

Shares in the fashion chain fall over 11% after the fashion chain says profits will be lower-than-expected.

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Selfridges bans sale of exotic skins

Animal welfare activists say 'hats off to Selfridges' for removing the products from its shelves.

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What's missing from this bus?

The district of Schaffhausen in Switzerland has integrated a driverless bus into its public transport system.

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Paternal leave rights equalised to maternity rights

A father explains why he did not regret taking up the offer of six months paid paternity leave after the birth of his son.

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Can Georgian wine win over global drinkers?

As Georgia aims to boost wine exports, can its unique but sometimes challenging bottles find more fans?

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Why are more and more car companies teaming up?

Daimler and BMW are the latest to join forces as new technologies threaten to upend the car industry.

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Will the BBC and ITV's BritBox be a hit or a flop?

The BBC and ITV-run service has been more than a decade in the making. Is it too little, too late?

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UK global university ranking Brexit warning

UK universities perform well in subject league tables but there are warnings that depends on EU partnerships.

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Carlos Ghosn's new legal team has applied for bail: Tokyo district court

Carlos Ghosn's new legal team has applied for bail for the ousted Nissan Motor Co Ltd chairman, the Tokyo District Court said on Thursday.


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Carmaker Aston Martin's adjusted pre-tax profit falls

Luxury British carmaker Aston Martin posted an adjusted pre-tax profit of 68 million pounds ($90 million) in 2018, a 7 percent fall on 2017 as it continues to invest in a series of new models and a second factory as part of its turnaround plan.


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U.S. trade chief sees long-term China challenges, continued tariff threat

The United States will need to maintain the threat of tariffs on Chinese goods for years even if Washington and Beijing strike a deal to end a costly tariff war, President Donald Trump's chief trade negotiator told lawmakers on Wednesday.


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USTR to suspend China tariff hike 'until further notice'

The U.S. Trade Representative's office said on Wednesday it would move to formally suspend a scheduled tariff increase on Chinese goods "until further notice" following President Donald Trump's decision to delay his Friday deadline for a U.S.-China trade deal amid progress in their talks.


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Asian stocks fall as trade hopes wane, U.S.-North Korea summit ends early

Asian stocks fell on Thursday as investors dialed back some of their recent optimism about a Sino-China trade deal while news that the U.S.-North Korean summit in Hanoi was ending early rattled confidence late in the trading day.


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Starbucks' China rival Luckin Coffee taps three banks for U.S. IPO: sources

Chinese startup Luckin Coffee, which has ambitions to overtake Starbucks at home this year, has tapped three banks including Credit Suisse to work on a U.S. IPO in 2019, said people with direct knowledge of the matter.


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Exclusive: Istanbul's new airport consortium does not need new financing, partners - Limak chairman

Istanbul's new airport does not need additional financing and Turkish Airlines will not be a partner in the airport consortium, the chairman of airport shareholder Limak Holding told Reuters.


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U.S. companies put record number of robots to work in 2018

U.S. companies installed more robots last year than ever before, as cheaper and more flexible machines put them within reach of businesses of all sizes and in more corners of the economy beyond their traditional foothold in car plants.


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Exclusive: Meeting Maduro - Inside a U.S. businessman's oil deal with Venezuela

In November 2017, Harry Sargeant III, a wealthy American businessman, flew to Venezuela to see about buying some oil.


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Exclusive: KKR, China's Tencent eyeing bids for Universal Music - sources

U.S. buyout fund KKR and China's Tencent Music Entertainment Group are exploring rival bids for up to half of Vivendi's iconic Universal Music division, a deal potentially worth up 20 billion euros ($22.73 billion), sources told Reuters.


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Consumers, weak exports seen curbing U.S. fourth-quarter growth

The U.S. economy probably slowed in the fourth quarter, held back by softer consumer spending and weak exports, which could leave 2018 growth just shy of the Trump administration's 3 percent annual target.


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Apple self-driving car layoffs give hints to division's direction

Apple Inc said on Wednesday it planned to lay off 190 employees in its self-driving car program, Project Titan, changes that provide a rare window into the automotive technologies the company has been pursuing.


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Disney agrees to sell Fox Sports in Brazil to win antitrust nod

Walt Disney Co accepted a demand by Brazil's antitrust regulator CADE that it sell local rights for the Fox Sports channel to win approval of its takeover of Twenty-First Century Fox Inc, the regulator said on Wednesday.


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