Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:28439
Posts / Week:92.4
Archived Since:June 8, 2011

Blog Post Archive

Real drivers for Google's autonomous cars

San Francisco - After almost a decade of research, Google's autonomous car project is close to becoming a real service. Now known as Waymo, he Alphabet self-driving car unit is letting residents of Phoenix sign up to use its vehicles,...Show More Summary

Better reasons to steal hotel bathrobes

Washington - Most hotel rooms are a blur, says Maxwell Young. But there is one part of his stay at the Hotel Palomar in Washington DC that he will always remember: the leopard and zebra-print robes hanging in his room. "It was like I opened the closet and rays of sunshine poured out," he said of the bathrobes, which he later raved about on Twitter. Show More Summary

'Green cards for cash' benefiting Trump?

Washington - The original plan was to attract foreign investment to blighted neighbourhoods. But instead, the controversial EB-5 investor visa enabled affluent Chinese to park their cash in high-end real estate in Beverly Hills and Manhattan benefiting...Show More Summary

Greek austerity strike planned

Athens - Greece's largest public sector union ADEDY said it will stage a 24-hour strike on May 17 against reforms and additional austerity prescribed by the country’s lenders in exchange for bailout loans. ADEDY said the measures, which...Show More Summary

Barclays disappoints with results

London - Barclays became the latest European bank to post disappointing first-quarter trading results that failed to live up to the gains American firms reported. The firm posted a surprise drop in fixed-income trading revenue, in contrast with a collective 24 percent jump achieved by its five largest American counterparts. Show More Summary

Google parent rides mobile ad binge

San Francisco - After struggling for years to wring profit from the mobile boom, Google is benefiting from a surge in clicks on ads on smartphones. Capitalising on consumers’ shift toward handsets and away from laptops, Google crammed...Show More Summary

German consumer mood rebounds to 3-month high

Berlin – The mood among German consumers rebounded more than expected heading into May to reach a three-month high, a survey showed on Thursday, citing confidence that Europe’s largest economy is heading in the right direction and a dip in inflation. Show More Summary

Airbus boss probed by Austrian prosecutors

Vienna - Vienna prosecutors are investigating Airbus chief executive Thomas Enders for suspected fraud in connection with a $2 billion (R26.33 billion) Eurofighter jet order by Austria more than a decade ago, the prosecutors’ office said. Show More Summary

Trump rethink on merit of Nafta accord

Washington - President Donald Trump has told the leaders of Mexico and Canada that he will not pull out of the North American Free Trade Agreement (Nafta) at this time, just hours after administration officials said he was considering a draft executive order to do just that. Show More Summary

Hermes hires more workers

Paris - Hermes International is hiring workers and investing in French production to meet surging demand for handbags in Asia, boosting the economy as presidential elections highlight the country’s struggle to create jobs. The Paris-based...Show More Summary

Hotel rooms by the minute

New York - Renting rooms by the hour is not a new idea, just ask any member of the world's oldest profession. But by the minute? Well, that's relatively new. And getting to use a luxury hotel room for just enough time to do what youShow More Summary

Retail stores to look like the internet

Paris - As high-end shoppers become increasingly mobile and connected, luxury retailers are testing new technologies that promise a more seamless experience between the physical and online worlds. At a “Store of the Future” event atShow More Summary

China's homemade aircraft carrier is second in Xi's fleet

Hong Kong - China launched its first domestically built aircraft carrier, burnishing President Xi Jinping’s credentials as commander-in-chief ahead of a Communist Party leadership reshuffle this year. The warship was floated at a shipyard...Show More Summary

International banks to move jobs to Frankfurt

New York - International banks are getting serious about moving staff to Frankfurt after last year’s Brexit vote spurred a competition among European cities to lure jobs away from London. “Nothing concrete happened last year, but that...Show More Summary

Analyst made $37 000 in an hour, faces $815 000 fine

Paris - A former equity analyst made more than 34 000 euros ($37 000) in an hour investing in Vallourec a day before he published a recommendation raising the French company to “outperform.” Now, he faces a 750 000 euro insider-trading...Show More Summary

ECB unlikely to signal stimulus end

Frankfurt — Europe's strengthening economy dodged a banana peel when a pro-EU candidate won the first round of the French presidential election. That won't be enough, however, to make the European Central Bank signal an end to monetary stimulus program on Thursday. Show More Summary

Peugeot probed for #dieselgate cheating

Paris - France on Monday opened a judicial enquiry into allegations that Peugeot's parent company PSA cheated on diesel pollution tests in the latest twist in a huge emissions scandal that hit the industry in 2015. The carmaker vowed...Show More Summary

US steel imports probe could trigger trade tit-for-tat

Washington - Washington's move to probe steel imports could trigger a trade dispute between the US and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday. The...Show More Summary

Hogg to leave office

London - Bank of England Deputy Governor, Charlotte Hogg, is set to leave he bank this week, which probably means the Monetary Policy Committee will be one member short for its next meeting. Hogg, who is also chief operating officer, will serve her final day on Friday. Show More Summary

LafargeHolcim CEO resigns

Paris - Cement group LafargeHolcim says its chief executive officer is resigning, weeks after the multinational acknowledged that its branch in northern Syria had struck deals with armed groups so that it could keep business there running. The resignation of Eric Olsen is effective July 15, the company said Monday. Show More Summary

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