The search for flight MH370 which vanished in March 2014 with 239 people on board, from Kuala Lumpur to Beijing ended on Tuesday, four years after the plane disappeared. The US exploration firm Ocean Infinity hired for the search by Malaysian government found no signs of the plane except for three fragments on western Indian […]
Category: Business
On Tuesday, the Dow Jones Industrial Average tumbled 391 points, or 1.58%, to 24,361. The S&P 500 declined 1.16% and the Nasdaq was down 0.50%. Stocks fell sharply, as a political crisis in Italy rocked markets across the globe. Italian President Sergio Mattarella appointed a caretaker government, led by a former International Monetary Fund official, […]
The 64th annual Fortune 500 list has been released with Walmart topping the list. The four most valuable companies on the list were all technology firms namely Apple, Alphabet, Microsoft and Amazon. Warren Buffett’s Berkshire Hathaway and Facebook came fifth and sixth respectively. Amazon cracked the top 10 for the first time, landing at No. 8. New York had the most […]
Sony is buying a 60% stake in EMI Music Publishing company which owns the rights to songs by artists like Kanye West and Alicia Keys. Sony will now own about 90% of EMI making it the world’s biggest music publisher. The company said it will pay $2.3 billion in cash for the acquisition. Bringing in […]
India has sought consultations with the US under the WTO’s dispute settlement mechanism over the imposition of import duties on steel and aluminium, stating that the decision will impact exports of these products to the US and is not in compliance with global trade norms. If a mutually agreed solution through consultation is unattained, India […]
The digital payments firm Paypal is buying iZettle, a European startup selling mobile credit card readers and other payment platforms for $2.2 billion. iZettle will allow PayPal to bring its platform to nearly 500,000 stores in 11 new countries and will also help PayPal expand offline in the United States, United Kingdom and Australia. iZettle CEO Jacob […]
Tesla’s Elon Musk unveiled the project details of his newer Boring Company which is involved in proposed Hyperloop projects. The “Hyperloop” system would ferry people or things in vacuum tubes traveling at airline speeds at lower costs in the range of $1 between downtown Los Angeles and Los Angeles International Airport going at 150 mph. Musk […]
Amazon has announced a 10 percent discount for its Prime members in the grocery chain Whole Foods’ sale items. Amazon acquired Whole Foods last year for $13.7 billion and terminated Whole Foods’ rewards program and digital coupons. This move comes to effect in Whole Foods stores in Florida and will expand to all U.S. Whole Foods stores. Prime members […]
The Airbus A319 of Sichuan Airlines headed to Tibet from the Chinese city of Chongqing with 128 people aboard made an emergency landing after a cockpit window broke at 32,000 feet, sucking the co-pilot partly out of the aircraft. The pilot managed to slow the aircraft down and land in about 20 minutes. The co-pilot […]
A Nigerian woman named Queen Obioma has filed a lawsuit against United Airlines on allegations of racial discrimination. She claims that she and her minor children were ejected from a San Francisco-bound plane because a white, male co passenger who settled in her assigned seat complained of a “pungent” odor emanating from her. United Airlines […]