Blog Profile / Business Report


URL :http://www.iol.co.za/business
Filed Under:Business & Finance
Posts on Regator:27966
Posts / Week:95.5
Archived Since:June 8, 2011

Blog Post Archive

Online shopping grows robustly

Washington - After getting off to a somewhat slow start amid the fog of a contentious presidential election, online shopping surged strongly during the holiday season, with Adobe reporting Thursday that retailers pulled down some $91.7...Show More Summary

Uber is projected to lose $3 billion in 2016

Washington - So how good was your year? Did your business make money? Did your business lose money? Did your business lose $3 billion? No? Uber did. This is according to a Bloomberg report issued right before the holidays. Of course, these are just estimates because the company is privately held. Show More Summary

Toyota stocks tumble after Trump criticism

Tokyo - Shares in Japanese company Toyota Motor fell sharply on Friday after US president-elect Donald Trump denounced the carmaker's plans to build a new factory in Mexico. Toyota shares closed at 6,930 yen, or 59.7 dollars, down 1.69...Show More Summary

Egyptian importers face bankruptcy

Cairo - Mohsen al-Gedamy has run a successful business for the past seven years importing beans, a staple food for many Egyptians, but after the currency was suddenly floated late last year he now faces bankruptcy. He is among thousands...Show More Summary

Samsung's profit jumps 50%

Seoul - Samsung Electronics said Friday that its profits in the last quarter of 2016 surged 50 percent to the highest level in more than three years, despite the Galaxy Note 7 fiasco. Analysts had expected Samsung's profits to surge thanks to its mainstay semiconductor business, but the result surpassed even the most optimistic forecasts. Show More Summary

UK jobs decline

London - UK employment fell for the first time in more than a year in the three months through October as the labour market showed some signs of weakness. The number of people in work fell by 6 000 to 31.76 million people, the Office for National Statistics said on Wednesday. Show More Summary

London commuters face second day of strike disruption

London - London commuters faced a second day of travel chaos as the latest round of train strikes stopped services between London and the south coast in Britain's worst rail disruption for two decades. Hundreds of thousands of commuters...Show More Summary

Google extends conservative outreach

San Francisco - Alphabet's Google is racing to hire more conservatives for its lobbying and policy arm, trying to get a foothold in President-elect Donald Trump's Washington after enjoying a uniquely close relationship with the administration of President Barack Obama. Show More Summary

Meet Waymo, Google's self-driving car company

San Francisco - The self-driving car project that Google started seven years ago has grown into a company called Waymo, signalling its confidence that it will be able to bring robot-controlled vehicles to the masses within the next few years. Show More Summary

Asahi buys former SABMiller assets

Johannesburg - Tokyo-listed brewery and soft drinks maker Asahi Group on Tuesday acquired Anheuser-Busch (AB) InBev Central and Eastern Europe beer business for 7.3 billion euros (R106.19 billion) as the company looks to Europe for growth to offset its slowing home market. Show More Summary

Glencore forms partnership for Rosneft stake

Johannesburg – Diversified miner Glencore says it has entered into a strategic partnership with Qatar Investment Authority around Rosneft. In a statement to shareholders on Monday, the JSE-listed company says it and QIA have concluded various...Show More Summary

Fed turns to Trump agenda as rate hike nears

Washington - The Federal Reserve inaugurates the Trump era this week with a near-certain interest rate increase and new economic forecasts providing a first glimpse into whether the US election has reshaped the central bank's growth and inflation outlook. Show More Summary

Disney’s quest to find the next Frozen

New York - Walt Disney Frozen, a fantasy ale of a snow queen coming to grips with her icy powers, was a stunning winner on store shelves. Years after the film’s release, children are still squealing for pretty dolls, kiddie karaoke machines, and tiny ice palaces. Show More Summary

Americans won’t go for broke this Christmas

Washington - It's he most wonderful time of the year, and if you're a typical American, it'll cost you about $728. That's how much the average US adult who planned to buy holiday presents expected to spend in 2015. How they planned to...Show More Summary

Will $150 000 buy you the best sleep?

New York - Key details: A custom-made continental bed built by four master artisans at the Hästens workshop in Köping, Sweden. A pinewood frame, steel springs, and layers of flax, horsetail hair, and cotton and wool batting. Competitors: None, really. Show More Summary

Business not doing enough to stop commodities destroying forests

Barcelona - Global companies that produce and use commodities such as palm oil and soy are moving too slowly to cut deforestation, suggesting international goals to protect forests will not be met, groups hat monitor business efforts said on Monday. Show More Summary

Supersonic is coming back

Dallas - Ask a harried air traveller about the basics of modern flight, and you’ll probably elicit surprise when they discover commercial airplanes fly only as fast as they did in he 1950s. Given the range of aerospace advances in the...Show More Summary

How Jamie Oliver took on big sugar

London - Jamie Oliver doesn’t mince words: Britain, like America, is too fat. So fat that he’s been waging a public war on sugar -- one hat has Big Food up in arms. It all began in June 2015 when the rock-star chef walked into 10 Downing...Show More Summary

Design your own pop up hotel

New York - For your next vacation, forget about taking inspiration from Instagram. You’re going to go where nobody has been before, on a trip that nobody has ever taken—and that nobody after you will ever take again. That’s the promise of Blink, a new ephemeral vacation service that the high-end travel outfitter Black Tomato is launching Thursday. Show More Summary

Girls turn poo to clean power

Cameroon - An initiative by youth organisations in Cameroon to turn human waste into biogas is reducing pollution and providing cheap, renewable energy to the growing populations of the university owns of Buea and Bamenda. Bioenergy-Cameroon,...Show More Summary

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