Thursday, 24 Sep 2020

Business

Swedish Solution Firm Tipser Talks North American Expansion

Tipser, a Swedish e-commerce solution, recently said it opened a New York office to meet increasing demand from the U.S. market — and North American expansion is a “dream fulfilled” for the brand that currently operates in eight European markets, including the U.K., Germany, Spain, France and the Nordics. Its monetization solution for the media […]

Asian stock markets continue the global fallout

Stock markets in Asia suffered on Tuesday from the fallout from UK and US investors worried about a rise in coronavirus cases. The biggest falls in the region were recorded in Australia, where shares hit a three-month low. Investors have also been rattled by dimming hopes for more financial support for the US economy. Stock […]

FinCEN leaks: HSBC orders social media blackout after suspect funds report

LONDON (BLOOMBERG) – HSBC Holdings has told its staff to stop posting on all the bank’s social media accounts over fears of “negative reactions” to the revelations in leaked suspicious activity reports. In a memo to employees on Monday (Sept 21), Ms Tricia Weener, head of marketing for HSBC’s global commercial and investment banking arms, […]

The black-owned coffee firm that became a bestseller

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Pernell Cezar and Rod Johnson, founders of US coffee and tea company Blk & Bold Speciality Beverages. Pernell Cezar jokes that if he and his business partner Rod Johnson ever fall out, he will phone Rod’s […]

Bankrupt Ascena Advances Restructuring Plan

The  Ascena Retail Group has received bankruptcy court approval for its plan of reorganization, which now needs a vote of approval by its creditors. Ascena said Monday that the plan, which includes an amended restructuring support agreement, has the support of about 95 percent of the company’s secured term lenders and will reduce debt by […]

McConnell: Senate has "more than sufficient time" to process Supreme Court nomination

Senate Majority Leader Mitch McConnell (R-Ky.) said in a floor speech Monday that the chamber has "more than sufficient time" to confirm a replacement for Supreme Court Justice Ruth Bader Ginsburg before the election, and accused Democrats of preparing "an even more appalling sequel" to the fight over Brett Kavanaugh's confirmation. Why it matters: Senate […]

J. Crew to Shutter U.K. Stores, Keep E-commerce Running

LONDON — J. Crew is shutting its six stores in the U.K., a little over a week after the company emerged from bankruptcy in the U.S. A spokesperson for J. Crew said Monday that “after thorough review, we have determined we are best able to serve our U.K. customers through our global e-commerce platform and […]

Trump: With TikTok Deal, ByteDance Is Out or Deal Is Dead

When it comes to the changing calculus in the TikTok deal with Oracle and Walmart, one thing remains clear: Confusion reigns. Statements made by ByteDance, TikTok’s current owner, indicated that the deal would lead to the formation of a new business, and that upon its initial public offering in the U.S. next year, Oracle and […]

Ellen DeGeneres Returns to Show With Apology for Toxic Workplace

Ellen DeGeneres started the 18th season of her daytime talk show on Monday with a lengthy apology that addressed reports describing her as a boss who led a toxic workplace. “If you’re watching because you love me, thank you,” Ms. DeGeneres said in her return from a summer hiatus. “And if you’re watching because you […]

House Democrats file legislation to fund government through Dec. 11

House Speaker Nancy Pelosi (D-Calif.). Photo: Chip Somodevilla/Getty Images House Democrats on Monday released their proposal for short-term legislation to fund the government through December 11. Why it matters: This is Congress' chief legislative focus before the election. They must pass a continuing resolution (CR) before midnight on Oct. 1 to avoid a government shutdown […]