Tag Archives: Businesses

Goldman Sachs joins growing band of businesses snubbing Saudi conference

(Reuters) – Goldman Sachs Group Inc on Thursday joined the growing list of high-profile businesses snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of journalist Jamal Khashoggi. FILE PHOTO: David Solomon, CEO of Goldman Sachs, at the Bloomberg Global Business forum in New York, U.S., September 26, 2018. REUTERS/Shannon Stapleton/File Photo A number ...

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Alibaba revenue beats on strength in e-commerce, cloud businesses

BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N), the world’s biggest online retailer, topped first-quarter revenue estimates on Thursday, driven by growth in its core e-commerce business. FILE PHOTO: The logo of Alibaba Group is seen at the company’s headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song/File Photo Alibaba’s U.S.-listed shares rose about 3 percent in premarket ...

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Volkswagen to invest $4 billion to build digital businesses, software

FRANKFURT (Reuters) – Volkswagen (VOWG_p.DE) will invest 3.5 billion euros ($4 billion) by 2025 to build digital businesses and products including a cloud computing-based platform to connect vehicles and customers to offer services such as car sharing. FILE PHOTO: The backlight of an e-Golf electric car is pictured at the new production line of the Transparent Factory of German carmaker ...

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Berkshire profit surges as insurance, other businesses gain

(Reuters) – Berkshire Hathaway Inc on Saturday reported a 67 percent increase in quarterly operating profit, as its insurance underwriting operations rebounded from a poor quarter and several business units benefited from economic growth and improving demand. Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. ...

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Brexit: Businesses and unions call for urgency

Image copyright Getty Images Image caption The joint statement asks for “jobs, rights and livelihoods” to be put first Business and union leaders from across the UK and Europe have joined together to plead for “pace and urgency” in Brexit negotiations. The CBI and the TUC along with their European counterparts are calling on the UK government and the European ...

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‘You Are Certainly at Risk’: Why Christian Wedding Vendors Could Still Lose Their Businesses

Monday’s US Supreme Court decision established that Colorado did the wrong thing when its civil rights commissioners disparaged and belittled the faith of baker Jack Phillips.  His crime? Refusing to bake a gay wedding cake.  But the Supreme Court didn’t rule on the big religious liberty questions in the case and that means more challenges for Christian wedding vendors. The ...

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Businesses turn up heat on Mexican government over crime surge

MEXICO CITY (Reuters) – Mexican business leaders called out the government on Monday over a recent wave of criminal activity that has terrorized large swaths of Latin America’s second-largest economy and led some prominent firms to cut back operations. Mexico’s President Enrique Pena Nieto is pictured after delivering his speech during a ceremony ahead of the Rio 2016 Olympic Games ...

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Olympics: Sporting events put Japan businesses in the mood for love

TOKYO (Reuters) – As Japan gears up to host the Rugby World Cup and Olympic Games in consecutive years, many businesses are seizing on the opportunity to capitalize on the influx of tourists, media and athletes for both big events. Sagami Rubber Industries’ researcher explains condoms production process at a laboratory in Atsugi, Kanagawa Prefecture Japan May 16, 2018. Picture ...

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