International Companies
Blockchain company Ripple inks strategic deal with MoneyGram
Blockchain company Ripple announced on Thursday that it had finalised an agreement with Texan funds transfer giant MoneyGram that would see Ripple's digital currency XRP, which had soared in value since the beginning of December despite questions regarding its practical uses, be used to provide liquidity to financial institutions.
Google quietly buys UK startup Redux
Google parent Alphabet has acquired a Cambridge startup that develops technology to turn surfaces, such as screens, into speakers.
Canada takes US to WTO in complaint over trade rules
Canada has filed a complaint with the World Trade Organization against the US, claiming it has broken international trade rules.
ExxonMobil criticises California climate change hypocrisy
ExxonMobil has hit back at California communities that sued the company for the threat of rising sea levels to their jurisdictions.
Unite claims Westminster has not done enough to help Bombardier in Boeing dispute
Trade union Unite warned the UK government on Wednesday that it was "raising the white flag" without much of a fight to save Bombardier jobs put at risk by the Canadian firm's ongoing spat with Boeing, demanding an urgent meeting between itself and the new secretary of state for Northern Ireland, Karen Bradley.
Apple forced to pay £137m in extra tax to UK tax authorities
Apple Europe has agreed to pay £137m of extra taxes in a ‘corporate income tax adjustment’ after an extensive audit by the HMRC of the company’s pre-2015 tax filings.
Electric car makers face higher costs as Congo eyes higher cobalt tax
The Democratic Republic of Congo has taken the first steps towards hiking taxes on cobalt exports by more than double, a move that could potentially increase the cost of a key material used in electric car batteries.
Biocartis inks diagnostic agreement with Amgen
Molecular diagnostics company Biocartis Group signed a new companion diagnostic development (CDx) agreement with biotechnology firm Amgen on Tuesday over the latter's Idylla compound.
Lidl opens huge new warehouse to continue growth in London
Lidl is opening its largest UK warehouse in Luton as part of the German discounter's £1. 45bn investment in growth to keep up its assault on the Big Four supermarkets.
H&M pulls 'racist' advert after social media outrage
Clothing giant H&M has come under fire after posting an advert where a young black child was shown wearing a hooded sweatshirt bearing the words: "Coolest monkey in the jungle. ".
GoPro to cut more than 250 jobs after disappointing holiday quarter
GoPro announced that it would be undertaking a major restructuring of its business on Monday after issuing an unexpected warning on sales over the holiday period.
Volkswagen and Uber partner with NVIDIA for self-driving vehicles
Volkswagen and Uber will introduce NVIDIA tech in their vehicles to create artificially intelligent self-driving cars and trucks.
Tesla's Elon Musk looks to build drive-in restaurant at California Supercharger station
Tesla chief executive Elon Musk announced on Sunday that he was exploring the concept of building several retro drive-in restaurants at the company's new Supercharger stations across Los Angeles.
Intel faces lawsuits over Meltdown and Spectre bugs
Intel is facing at least three class-action lawsuits over software bugs revealed earlier in the same week.
Saudi Aramco IPO looks more likely as change in legal status paves the way for flotation
Saudi Aramco, the Dhahran-based petroleum and natural gas company which had recently been forced to deny plans that it was abandoning its $2tn flotation of 5% of the company, received a shot in the arm on Friday after a royal decree converted the firm into a joint stock company, allowing it to expand its shareholder base beyond the Saudi Arabian government.
Boardriders acquires Billabong in $155m takeover bid
Iconic Australian surfwear brand Billabong was sold to rival Boardriders on Friday as part of an estimated $155m takeover bid aimed at turning around the Queensland-based group after turning a profit in just one of the last five years.
Jet Airways pilots grounded after mid-flight altercation
Jet Airways confirmed reports that a "misunderstanding" between two cockpit crew members on a New Year's Day flight from London to Mumbai led to both pilots being grounded, adding that those involved had been stripped of their duties, pending an investigation.
Intel shares dip after report of design flaw
A design flaw in Intel's processor chips could allow malware and hackers to more easily exploit other security bugs, according to a report overnight.
Ant Financial's acquisition of Moneygram blocked by White House
Donald Trump has rejected the $1. 2bn acquisition of Texan money transfer company Moneygram by China's Ant Financial citing national security concerns.
Spotify files for IPO amid fresh songwriting lawsuit
Spotify has filed documents with the US financial regulator to begin the process of its initial public offer in New York, while management are still battling a lawsuit accusing the music streaming service of infringing upon the rights of songwriters and publishers.