Financial Thu, 25 Jul 2024 11:36:05 +0200 | Live Nation, Parent Company Of Ticketmaster, Suffers Major Data Breach. Live Nation, the parent company of Ticketmaster has confirmed that it has suffered a big data breach.This is due to a breach of the Snowflake cloud database where many companies like Live Nation store their data on servers.Live Nation is an international company with a Ticketmaster arm in South Africa. It declined to confirm or deny whether its South African offices also felt the impact of the bre... Tue, 18 Jun 2024 20:13:10 +0200 | South Africa Named Africa’s Largest Economy South Africa has been named as the continent’s largest economy by the International Monetary Fund.The IMF’s World Economic Outlook has placed Egypt in second place, Algeria in second place and Nigeria in fourth place.The estimated gross product for South Africa has been estimated at $373 billion, Egypt at $348 billion, Algeria at $267 billion and Nigeria at $253 billion.Egypt held the top posi... Thu, 02 May 2024 18:19:54 +0200 | Markus Jooste Committed Suicide Disgraced former Steinhoff CEO Markus Jooste shot and killed himself on Thursday.The incident took place in Hermanus.It’s believed he committed suicide a day before he was meant to hand himself over to the Hawks on Friday along with Steinhoff’s former company secretary and head of legal Stehan Grobler.News24 reports that on Thursday, Jooste told his wife he was going out for a walk. She left t... Sun, 24 Mar 2024 19:31:47 +0200 | Jd Sports To Open In Sa The British sports-fashion retailer JD Sports is heading to South African shores. That’s according to an announcement made by The Foschini Group (TFG).TFG has signed a franchise agreement with JD Sports and will be selling famous international sports brands like Puma, Adidas and Nike. It will also sell private labels like Supply & Demand as well as Pink Soda.Anthony Thurnstrom, TFG’s CEO, ... Sun, 17 Mar 2024 11:24:12 +0200 | Microsoft Now Worth R56 Trillion Software giant Microsoft has just reached the R56 trillion mark. This is due to the company’s artificial intelligence (AI) boom that increased the company’s share tremendously.Satya Nadella, Microsoft CEO, invested billions of dollars in AI in 2023. This included commercialising and adding AI tools like ChatGPT into its list of products before its rivals managed to do so.CNN reports that share... Wed, 24 Jan 2024 20:39:10 +0200 | World’s Five Richest Doubled Their Wealth Since Pandemic The world’s five richest men own a combined wealth of $869 billion. According to Oxfam’s annual inequality report, their net worth increased by 114% since the COVID-19 pandemic.The report usually coincides with the annual World Economic Forum meeting held in Davos, Switzerland. There, some of the world’s richest people and world leaders gather.The report indicated that almost 5 billion peopl... Mon, 15 Jan 2024 18:07:44 +0200 | Chinese Company Give Bonuses To Staff Who Run A chairman of a paper company in China has informed its employees that their Christmas bonuses will be based on how many miles they ran each month this year.To get an annual bonus worth 130% of their monthly salary, they had to prove that they ran 62 miles (almost 100 kilometres) per month each month for the entire year. It comes down to 2 miles per day.It’s not the only bonus though. Those hard... Wed, 27 Dec 2023 07:47:08 +0200 | Nissan To Build Two More Evs Japanese car manufacturer Nissan has announced that will pump just over R26 million into tis British plant. The idea behind the funds is to build two new electric vehicles.This comes at an ideal time for Britain as the country is desperate for foreign investments.Both Nissan’s Qashqai and Juke models are currently produced in England and now their electric counterparts will also be manufactured ... Sun, 03 Dec 2023 09:20:31 +0200 | Warren Buffet Donates $870 Million To Charity As Thanksgiving Donation Warren Buffet has kept his promise and has made another massive donation as part of his Thanksgiving tradition.He donated $870,000 million to four different foundations. The donation is in the form of shares and he has divided it up between a foundation named after his wife, with three other foundations run by his children sharing the rest of the shares.The shares form part of his Berkshire Hathaw... Thu, 23 Nov 2023 20:25:29 +0200 | Standard Chartered Admit To Currency Manipulation, Fined R43 Million British bank Standard Chartered admitted that they colluded with other banks to manipulate the rand.The Competition Commission said that Standard Chartered (SCB) admitted liability and agreed to pay a fine of almost R43 million.Commissioner Doris Tshepe said they encourage other banks involved to settle their complaints.“The Commission welcomes SCB’s decision to reach a settlement on this matt... Thu, 16 Nov 2023 05:08:54 +0200 | Trade In Your Apartment, Just Like A Car You’ve heard of trading in your car to buy a new one, but doing the same with property is unheard of.Balwin Properties recently announced that their new initiative will enable homeowners to trade in their current Balwin apartment for a new Balwin apartment.The residential property developer will first inspect, evaluate and certify an apartment. Once that’s happened and everything has been appr... Fri, 10 Nov 2023 12:11:25 +0200 | Chocolate Prices To Increase Chocolate lovers all over the world are in for some bad news: The price of wholesale coca beans have risen to the highest level recorded in more than a decade.Manufacturers are forecasting that the price will probably stay that high until 2024.The steep increase is blamed on the production crisis in West Africa. The region supplies two-thirds of the world’s cocoa bean harvest, but has recently b... Sun, 30 Jul 2023 13:07:31 +0200 | Minimum Wage Increase Announced Department of Labour minister Thulas Nxesi has announced an increase in the minimum wage in South Africa. The aim of a minimum wage is to ensure that those earning minimum wage isn’t left behind when wages increase. This sector is often taken advantage of.The increase of 9.6% was approved and now brings the minimum hourly rate up to R25,42 per hour. This takes effect from 1 March.The increase is... Wed, 22 Feb 2023 13:13:36 +0200 | New Coins For South Africa In 2023 Come 1 January, South Africans will be introduced to much more than just a new year.Government has announced new coins that will become legal tender on 1 January 2023. You will still be able to use your older coins until they’re eventually phased out.While some of the changes aren’t that striking, others are. The new 50c coin will feature a loerie with outstretched wings. The new R5 coin has a... Thu, 01 Dec 2022 12:39:00 +0200 | Adidas Scores Head Of Puma It’s no secret that Adidas and Pumas are two rival companies. The rivalry dates back to when the two companies were founded by the famous Dassler brothers, Adi and Rudi.A fight led to Rudi leaving Adidas and starting what has now become one of the company’s biggest rivals, Puma.So, when Adidas announced that it has appointed the head of Puma to succeed its outgoing CEO, you can just imagine th... Thu, 10 Nov 2022 05:21:41 +0200 | Pick N Pay To Accept Bitcoin Soon Local retailer Pick n Pay has been testing the Bitcoin Lighting system for a while now and its so impressed that it plans to roll it out nationally soon.The pilot was conducted at 39 stores and was so successful that it will be deployed across all its stores within the next coming months.The retailer did its homework as it has been testing the waters with cryptocurrency payments since 2017 when it... Wed, 02 Nov 2022 17:23:39 +0200 | Amazon On Hiring Spree In Sa If you’re keen on working for one of the world’s biggest companies, then get your CV ready because Amazon has a lot of job openings in South Africa.Currently, there are more than 200 positions open and another 60 have been added last month.Amazon has two offices in the country, one in Cape Town and another in Waterfall City, Johannesburg. Most of the jobs advertised are available in Cape Town,... Mon, 17 Oct 2022 13:08:00 +0200 | Russia Struggling To Sell Record 100 Million Tons Of Wheat Russia has had a really successful wheat harvest this year, in fact so successful that it could be hitting a record 100 million tons this year.While the country and the local Russian farmers are excited about the successful harvest, it might not turn out to be such a great year for them after all.Even though Russian food exports are not sanctioned, many countries and private firms are cautious abo... Sat, 24 Sep 2022 09:31:21 +0200 | Petrol Could Soon Reach The R27 Mark Brace yourself, petrol could soon reach the R27 per litre mark in July.According to data released this week, something as minor as the rand weakening a bit or a minimal increase in oil prices worldwide could be why the price of petrol increases in the next month.Over the years, the under-recovery rate has always been a good indication of pricing to come. According to the Central Energy Fund, the u... Fri, 17 Jun 2022 14:11:59 +0200 | Newly Rebranded Mcdonald’s Opens In Russia When McDonald’s decided to close its shops in Russia due to the country’s invasion of neighbouring Ukraine, local businessman Alexander Nikolaevich Govor decided to take matters into his own hands.All 850 McDonald’s restaurants have been rebranded and renamed Vkusno & Tochka which means “tasty and that’s it” in Russian.At a press conference to announce the opening of the first stor... Sun, 12 Jun 2022 16:32:58 +0200 | Mark Zuckerberg’s Wealth Grows By $11 Billion In One Day In just one day, Mark Zuckerberg’s wealth grew by $11 billion when shares of Meta, Facebook and Instagram’s parent company, grew by more than 17% on Tuesday.Earlier in the day, the stock was up by 19%. Although this was only for a brief moment, it meant Zuckerberg’s wealth went up by $11.5 billion.The 37-year-old recently missed out on his usual spot among the world’s 10 richest people, bu... Wed, 04 May 2022 13:53:32 +0200 | Durban Harbour Breaks Own Performance Record Not even riots or a cyber attack could dampen the spirit of the staff at the Durban harbour. This is according to Transnet Port Terminals acting managing executive Kwazi Mabaso who said that the Durban Container Terminal’s Pier 1 handled a record number of containers in the year to end March.The final number came down to 689,246 20-foot equivalent units.It’s believed a new employee incentive s... Mon, 02 May 2022 17:58:09 +0200 | Netflix Losing Subscribers And Profits Streaming giant Netflix has not only lost subscribers since the beginning of the year, but after publishing its first quarters earlier this week, it’s clear that it's losing profits as well.The report had a negative effect on the company’s stock as it went down as much as 25% after its publication.During the first three months of 2022 Netflix lost 200 000 subscribers globally. The current subs... Wed, 20 Apr 2022 12:44:11 +0200 | Sa Named 10th Worst Mining Country In The World South Africa has been named in the bottom 10 of the Fraser Institute’s survey. This is a significant slip in numbers for the country.The annual survey is a survey done globally and is highly regarded. It measures the investment attractiveness of mining jurisdictions.This year is the first year that we’ve been ranked in the bottom 10. Other countries featuring in the bottom 10 include Venezuela... Wed, 13 Apr 2022 14:50:38 +0200 | It’s Now Cheaper To Get Food Delivered Than To Go And Buy It If you live 12 kilometres from a Checkers or 16 kilometres from a Woolworths, it would be cheaper to make use of their apps to order your groceries than driving to the shop.This is according to a Business Insider report.Having your groceries delivered instead of driving to a shop was usually only for the rich as it was seen as a luxury. Covid-19 made it a necessity and now it’s a preferred optio... Wed, 06 Apr 2022 11:38:29 +0200 | These Cheap Luxury Cars Will Ruin You Financially - Stay Away! Here is a list of the worst cheap cars that are so tempting to buy due to their price but in return will completely ruin you financially!We have all been there, you know, when you have nothing better to do to pass the time so you hop onto Auto Trader and have a look at what you can't afford to buy...However, you sometimes stumble on what looks like an incredible deal. A super luxury car with amazi... Fri, 11 Feb 2022 12:50:31 +0200 | South Africa’s Black Friday Spending Increased Compared to last year, South Africans welcomed Black Friday back with open arms.Business Insider reports that as of Monday, data points to an increase of between 15% and 30% in sales for Black Friday 2021, year-on-year, depending on how you measure.While it seems that individuals spent less, more people were buying, and electronics were a favourite among local shoppers.FNB said their sales increas... Mon, 29 Nov 2021 12:51:43 +0200 | Uk To Cut Beer Tax In a bid to help struggling British pubs recover from the pandemic, beer taxes are to be cut.Rishi Sunak, the British finance minister, said that it’s the biggest cut in taxes on beer in decades.In his budget statement, Sunak said the current system of alcohol taxes, which dates back to 1643, was outdated and too complicated as he outlined a new principle, which will see some stronger drinks bec... Thu, 28 Oct 2021 13:42:32 +0200 | Government Funded Projects To Use Local Cement Only National Treasury has announced that all projects funded by government will have to make use of cement produced locally.The prohibition of international cement producers will be enforced from 4 November.MoneyWeb reports that the announcement resulted in shares in JSE-listed cement and building materials producer PPC surging by 8.98% on Monday to close at R5.34 a share, while shares in competitor S... Tue, 12 Oct 2021 15:23:26 +0200 | Iceland Says Four-day Work Week Trials Very Successful Several companies in Iceland participated in a four-day work week trial to establish whether it will be successful if implemented permanently.The trials took place between 2015 and 2019, where workers were paid the same amount of money for shorter hours. Productivity remained the same or improved in the majority of workplaces, reports the BBC.About 1% of Iceland's working population participated i... Tue, 06 Jul 2021 14:52:58 +0200 | Louis Vuitton Group Open $894 Million Luxury Shopping Centre In Paris Sixteen years ago, the La Samaritaine was closed due to safety reasons after the building had stood empty for some time. This week, LVMH, the luxury goods group that own various labels including Louis Vuitton opened the building again.At its opening, French President Emmanuel Macron said that the building is a “wonderful French treasure”.The refurbished version of the La Samaritaine will featu... Thu, 24 Jun 2021 08:20:42 +0200 | Eu Investigates Google Again During the past 10 years, Google has paid more than $9.5 billion in fines to the European Union's (EU) competition enforcer. The world's biggest search engine was fined for blocking rivals in online shopping, Android smartphones and online advertising.Despite the fines being paid, the European Commission has now launched another antitrust investigation into the US-based tech giant.Reuters reports ... Wed, 23 Jun 2021 13:47:38 +0200 | Coca-cola Share Price Drops After Ronaldo Incident Portuguese player Cristiano Ronaldo made headlines when he moved two Coca-Cola bottles out of view and replaced them with water. He then went on to hold up the bottle of water before saying “agua” which means water in Portuguese.The incident took place in Budapest on Monday during a Euro 2020 press conference before his national team played against Hungary.Many health fanatic celebrities and s... Thu, 17 Jun 2021 10:46:13 +0200 | Sa's National Taxi Council Warns Of Fare Hikes As Fuel Price Increases The South African National Taxi Council (Santaco) warns of possible fare increases for commuters as South Africa braces for a fuel levy increase.At midnight tonight, the price of petrol in South Africa will increase by a record-high R1 to R17 per litre. While this has a significant impact on motorists, Santaco has warned that the costs will filter down to the commuters who rely on the taxi industr... Tue, 06 Apr 2021 14:24:22 +0200 | Sa's Beer Industry In Dire Straits If Ramaphosa Doesn't Lift Ban The beer industry in South Africa is pleading with President Ramaphosa to lift the ban on alcohol. Otherwise, the industry will face a troublesome future.On 28 December 2020, South African President, Cyril Ramaphosa, moved the country onto Level 3 of the Covid-19 lockdown. This included suspending the delivery and sales of alcohol, which has put the industry under immense stress.In response, the B... Wed, 06 Jan 2021 14:03:31 +0200 | Pick N Pay Clothing Joins The Online Shopping Queue While consumers have been able to buy their groceries from Pick n Pay online for years, their clothing department has never been available as part of the package. Now, Pick n Pay Clothing has launched its online store. Delivery is available nationwide at a fixed rate of R60 and customers can earn SmartShopper loyalty points with their online purchases. Speaking to MoneyWeb, Pick n Pay General Mang... Tue, 04 Aug 2020 10:20:05 +0200 | Jse Fines Eoh R5 Million The Johannesburg Stock Exchange (JSE) has fined local ICT company, EOH, R7.5 million, of which R2.5 million is suspended over five years. EOH is the largest technology business in Africa. The fine is based on past financial reporting errors identified in its 2019 annual results and its 2020 interim results. SundayWorld reports that the JSE released a statement that said the accuracy and reliabilit... Thu, 30 Jul 2020 11:07:43 +0200 | Reserve Bank Cuts Repo Rate The South African Reserve Bank (SARB) has cut the repo rate by 25 basis points. The repo rate is now 3.5% a year effective from the 24th of July. After a three-day-long meeting in Pretoria this week, the SARB’s Monetary Policy Committee took the decision to lower the repo rate due to the economic impact by the COVID-19 pandemic. In a statement, the SARB’s governor, Lesetja Kganyago exp... Fri, 24 Jul 2020 12:14:55 +0200 | Spur Ceo To Retire After 24 years at the head of the table, Spur CEO, Pierre van Tonder, is to step down at the end of the year. According to News24, the 61-year-old served as managing director/CEO since 1996. He joined the restaurant group as a junior restaurant manager and was appointed to the holding company board a mere 10 years later. The Spur Group is based in Cape Town and owns Spur Steak Ranches, Panarottis,... Tue, 21 Jul 2020 13:23:40 +0200 | Foschini Eyeing Jet The Foschini Group (TFG) has expressed its interest in buying certain Jet stores from Edcon. This follows Edcon’s debt amounting to about R6-billion and the reason the retail group filed for voluntary business rescue at the end of April. According to the Daily Maverick, TFG has made a R480-million offer to acquire at least 371 commercially viable Jet stores. The offer has made headlines in t... Wed, 15 Jul 2020 11:44:22 +0200 | Saa Business Rescue Plan Approved The South African Airways (SAA) business rescue plan has been approved. This comes after 86% of the proxies voted in favour of the national carrier being rescued at a creditors’ meeting held on Tuesday. Speaking to Jacaranda FM, rescue practitioner, Siviwe Dongwana, said he’s pleased to have the backing of government. “Government is in full support of the plan and is committed to... Tue, 14 Jul 2020 15:09:36 +0200 | Former Vbs Cfo Apologises And Is Set To Plead Guilty Philip Truter, the former CFO at VBS bank when it was looted of billions, is set to plead guilty and has apologised for his actions. He's been granted R50,000 bail. The Palm Ridge Commercial Crimes Court on Monday heard from former VBS Mutal Bank chief financial officer, Philip Truter, who is the eighth accused in the looting of the bank of R2.3bn. He shocked the court when, through an affidavit r... Mon, 06 Jul 2020 18:09:42 +0200 | Fourth Consecutive Quarter Loss For Jaguar Land Rover Jaguar Land Rover has posted its 'biggest-ever' loss of £273m, after four-quarters in a row result in an asset value fall of £3.1bn. Jaguar Land Rover (JLR) has posted its fourth consecutive quarter results and the figures don't look good. Financial losses worth £273m between September and December 2018 off revenues of £6.2bn, following JLRs declaration of £90m worth ... Fri, 08 Feb 2019 10:00:09 +0200 | Standard Bank Announces Over 500 Retrenchments In Its It Division On Wednesday, Standard Bank announced that it it restructuring its IT division and, as such, would be serving 526 IT employees with Section 189 notices. SA labour law states that before any retrenchments can happen, Section 189 notices must be sent to all affected employees. In a statement, Standard Bank said, "It is important to note that the Section 189 notices is not representative of the final... Wed, 14 Nov 2018 17:10:03 +0200 | Durban Woman Receives Municipality Bill Of R1.1 Million A woman living in the South African town of Umbilo recently received her monthly eThekwini Municipality Bill for her water and electricity consumption for the month, however, when she opened it she was horrified that her consumption of water and electricity had racked up R1,1m of fees within 30 days. The woman, referred to as Ms van de Venter, said she was then charged from detailed invo... Wed, 19 Sep 2018 15:20:07 +0200 | Wonga Rejects New Loans In Efforts To Stay Afloat Sky News reveals that the struggling payday lender, Wonga, has stopped taking new loans in efforts to stay afloat, however, if you are an existing customer you may continue to use the service to manage your loans. Wonga has been working on avoiding the risk of collapse within weeks, and it was confirmed on Thursday on the Wonga website that it is no longer accepting applications for new busin... Thu, 30 Aug 2018 13:25:08 +0200 | Liberty Suffers A Hack, Urges Customers To Change All Banking Passwords On Monday, Arthur Goldstuck, MD of World Wide Worx pressed Liberty Holdings customers to change any bank account or other system details that have the same passwords as their Liberty accounts. At a press conference on Sunday evening, Liberty admitted to a third party data breach on Saturday night but that no customers had yet been financially impacted. Goldstuck said the breach of Liberty’s ... Mon, 18 Jun 2018 16:00:11 +0200 | 9 Government Officials Arrested For Eliciting Bribes From Parolees Police Minister Bheki Cele says the investigation into the home affairs and correctional services officials started in 2016. Police have arrested nine officials from both the Departments of Home Affairs as well as Correctional Services. They are alleged to have elicited bribes of between R3,000 and R6,000 to illegally release over 36 parolees. Police Minister, Bheki Cele, told the media that the i... Mon, 19 Mar 2018 12:30:10 +0200 | Here Is Why You Should Use A Bitcoin Wallet Instead Early one Friday morning in late January, users of Coincheck – a Japan-based cryptocurrency exchange – logged in to find their wallets empty of NEM tokens; a cryptocurrency specialised for payments and other financial services. It was not a temporary server outage, which is a common problem most exchanges have been grappling since the crazy price surge in 2017. Hackers already compromi... Tue, 27 Feb 2018 11:40:03 +0200 | Salon Magazine Use Readers' Pcs To Mine Crypto-cash If users choose to block advertising, US Publication, Salon, will use that user's computer to mine for Monero, a cryptocurrency similar to Bitcoin. Creating new tokens of a cryptocurrency typically requires complex calculations that use up a lot of computing power. Salon Magazine told its readers: "We intend to use a small percentage of your spare processing power to contribute to the advance... Wed, 14 Feb 2018 13:30:04 +0200 | Bitcoin Mining Explained: Everything You Need To Know All eyes on Bitcoin The cryptocurrency has staged a meteoric rise in 2017 that has attracted new investors, but, for many, question marks still surround bitcoin and the technology behind it. Recent reports are pointing to the high energy cost associated with mining; the process used to create bitcoin, is there any way to fix it? Here are some of the questions asked, answered. What is bitcoin minin... Fri, 22 Dec 2017 10:03:03 +0200 | Third Acting Ceo For Prasa In Just Two Years Cromet Molepo has been appointed acting group CEO (GCEO) for South Africa's troubled Passenger Rail Agency (Prasa). He is the third acting GCEO in just two years following Lindikaya Zide and Collins Letsoalo. Molepo confirmed his appointment as the agency's new acting boss by the Prasa board to News24 on Thursday morning. Molepo previously held the position of Prasa's head of rail operations and s... Thu, 07 Dec 2017 15:08:03 +0200 | Zola Tsotsi Reveals Zuma And Myeni's Involvement In Eskom Suspensions Zola Tsotsi reveals Zuma's meddeling in Eskom suspensions On Wednesday, Former Eskom chairman, Zola Tsotsi, gave an astonishing testimony describing how President Jacob Zuma and his close friend, Ex-South African Airways (SAA) chairwoman Dudu Myeni, were involved in the suspension of three senior Eskom executives. He gave testimony before the parliamentary inquiry into state capture which is being... Wed, 22 Nov 2017 14:15:03 +0200 | The Rand Gets Stronger In Sa Markets Last week Thursday and Friday the South African financial markets moved into positive territory, after three days of geopolitical uncertainty due to the junk downgrading sword over the country's head, as well as poor performance on global markets, as energy prices, especially the oil price, tumbled.   President Jacob Zuma announced last Friday that the government would likely finance a f... Mon, 20 Nov 2017 13:02:10 +0200 | Biggest Debt Traps In South Africa It seems like there is a long road ahead for the South African consumers, despite the SA Reserve Bank reporting a better outlook and steady recovery in economic activity over the next 6 to 9 months.  The latest information on consumer credit behaviour – released by credit bureau Compuscan – revealed that more consumers had moved into higher delinquency categories from Q2 2016 to Q... Wed, 18 Oct 2017 21:20:10 +0200 | It's An All-time High For Bitcoin As It Races Past $5,000 Bitcoin has blown past the $5,000 mark. The price for the controversial crypto-currency soared by more than $500 on Thursday to over $5,380, bringing it to an all-time high.  The latest rally appears to have been driven by a mix of upcoming engineering changes that make it easier to acquire new coins as well as confirmed rumours that China, Amazon and Google will soon be more open t... Fri, 13 Oct 2017 15:00:07 +0200 | Dollar Strenghts Hold As Rand Trades Weaken The rand was weaker against the dollar on Monday 09 October just before midday as currency markets traded steadily, with US markets closed for a holiday.The dollar has, however, maintained its strength, supported by an optimistic economic recovery in the US, which has put pressure on emerging-market currencies. The dollar, which has been on a rally, still managed to retain its strength despite Fri... Tue, 10 Oct 2017 08:00:08 +0200 | Europe Is Seeking Airbus-like Alliance To Boost Electric Car Battery Development The European Commission is warning that the continent is falling behind in battery development as the demand for electric cars increases. As a result, the European Union is seeking to create an Airbus-like consortium of vehicle and technology manufacturers to develop and build electric vehicle batteries in the future. The ultimate aim here is to keep up with Asian and US markets.  In an inter... Thu, 05 Oct 2017 15:00:01 +0200 | Head Of European Investment Bank Not Up For German Finance Job The head of the European Investment Bank, Werner Hoyer's name has come up as a possible candidate to be Germany’s next finance minister. However, Hoyer says he will be staying on at the helm of the EIB for the next six years. Wolfgang Schaeuble, finance minister for the last eight years and a key figure in the eurozone's financial crisis, looks set to become the next speaker of Germany's par... Fri, 29 Sep 2017 13:00:23 +0200 | Us Second-quarter Economic Growth Revised Higher & Jobless Claims Rise The US economy had faster growth than previously estimated in the second quarter, setting a record of its quickest pace in more than two years. But the momentum probably slowed as Hurricanes Harvey and Irma temporarily curbed the activity. Gross domestic product increased at a 3.1% annual rate in the April-June period, according to the Commerce Department in a statement in its third estimate ... Fri, 29 Sep 2017 13:00:19 +0200 | Shares Spike After Online Retailer Says Its Entering Digital Coin Trading Business On Wednesday this week, retailer shares surged after news that its subsidiary is joining the business of trading digital coins.  Shares shot up by 23.5% to their highest since Janurage 2014, and are up 65% for the year.  Overstock's majority-owned subsidiary tZero, as well as two financial services companies RenGen and Argon, made an announcement on Wednesday that they... Fri, 29 Sep 2017 11:20:06 +0200 | Lendinvest Named Most Valuable Tech Company At Investors Allstars 'Oscars of the start-up world' has an exciting new winner and they're looking to disrupt property finance. This winner in LendInvest, an online marketplace platform for property lending and investing. The company was named the most valuable tech company at the prestigious Investors Allstars event in London on Wednesday evening this week. This world event, often referred to as the Oscars for the wo... Fri, 29 Sep 2017 10:34:07 +0200 | Welcome To Newsfeeds24 Newsfeeds24 is an independent premier worldwide news source. Offering a rich and wide coverage of breaking news reports from all areas of the globe. Including World, Trending, Sports, Weather, Business, Financial and Political News, updated top stories on every breaking news event. Newsfeeds24 offers in-depth coverage of all stories and related footage from visual, audio, recordings, images or cli... Thu, 28 Sep 2017 16:56:46 +0200