Category: Business

  • Amazon cancels New York City campus plan

    by Blog certified

    Amazon has said it will not build a new headquarters in New York, citing fierce opposition from state and local politicians. The dramatic turnabout comes just months after the firm named New York Cityone of two sites selected for major expansion over the next decades. City and state leaders had agreed to provide about $3bn […]

    more
  • Tax On Business Sale? Company, Owners Or Both May Pay IRS

    by Blog certified

    The sale of a business is usually a big event in the owner’s life. Many people work for decades or a lifetime before selling. Others build and sell multiple businesses every few years. There are also mega and serial buyers and sellers like Warren Buffett, one of the most tax savvy of all. Selling a business […]

    more
  • Jeff Bezos: AMI defends position on Amazon founder

    by Blog certified

    The owner of a US gossip magazine accused of blackmail by Amazon founder Jeff Bezos says that it acted in good faith but will conduct an inquiry. American Media Inc (AMI), the National Enquirer’s parent company, also says it believes it acted lawfully in its reporting on the world’s richest man. Mr Bezos accused AMI […]

    more
  • Spotify splashes out millions of dollars on podcasts

    by Blog certified

    Spotify is splashing out millions of dollars as it tries to move beyond music into the growing podcast market. The music streaming service has bought Gimlet Media, behind a string of popular podcasts including Reply All, and podcast publishing platform Anchor. The Swedish firm has also pledged to spend $400-$500m (£308m) this year on further […]

    more
  • Banned Turkmenistan Airlines leaves thousands stranded

    by Blog certified

    Thousands of passengers have been left stranded after air regulators grounded Turkmenistan Airlines for safety reasons. The UK’s Civil Aviation Authority said flights from Birmingham and London’s Heathrow to Amritsar, and Heathrow to New Delhi – which fly via Ashgabat, Turkmenistan – had been suspended. The CAA acted after the European Aviation Safety Agency suspended […]

    more
  • US economy adds 304,000 jobs in January

    by Blog certified

    The US economy added a stronger-than-expected 304,000 jobs in January, official figures have shown. The figure was far in excess of economists’ forecasts of 165,000. However, December’s jobs growth figure was revised to 222,000, down from an initial estimate of 312,000. Last month saw jobs being added in leisure and hospitality, construction, health care, transportation […]

    more
  • Uber services suspended in Barcelona

    by Blog certified

    Ride-hailing company Uber says it has suspended its services in the Spanish city of Barcelona because of new regulations. The decision comes after the Catalan government insisted on imposing a 15-minute delay before passengers could be picked up. Uber has been the target of protests by taxi drivers in Barcelona who say their business is […]

    more
  • Fed to be ‘patient’ with rate changes

    by Blog certified

    The Federal Reserve has said it will be “patient” about changing interest rates, marking a shift from earlier statements that suggested further gradual hikes. US central bank officials cited muted inflation and recent economic “cross currents” to explain the shift. They issued the statement after the Fed’s January meeting, where they held interest rates unchanged, […]

    more
  • Barclays boss was ‘up at 2am’ over bonus

    by Blog certified

    A senior banker at Barclays panicked at 02:00 at the peak of the 2008 banking crisis that, if the bank was nationalised, his bonus would be jeopardised, a court has heard. Barclays was among banks needing extra funding during the crisis. Roger Jenkins discussed with colleagues a plan to raise money privately, to avoid having […]

    more
  • US shutdown: Four reasons why Trump blinked

    by Blog certified

    President Donald Trump’s decision to endorse a deal to reopen the federal government for three weeks on Friday came amid mounting pressure to end the impasse. Here are four reasons from the business world why the White House blinked. 1. The travel industry was stressed. Delays at major airports on Friday brought to a head […]

    more