EBay’s profits for the third quarter of the year fell slightly in the wake of its split from lucrative and faster growing payments business PayPal.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Independent shops declining at ‘disastrous’ rate
More shops are now closing than opening, with booksellers and women’s clothing shops among hardest hit
EU has made UK economy more dynamic
In move likely to be seen as strengthening David Cameron’s hand, Mark Carney says union membership has opened up economy but also exposed it to shocks
British business signed deals with China worth $40 billion
President Xi insisted yesterday that there would be “no hard landing” for the Chinese economy as British businesses signed deals with the country worth £40 billion.
CBI says leaving EU would have serious consequences for Britain
Leaving the European Union would have “serious downsides” for Britain, business lobby group the CBI says.
Crowdsourcing leads to naming a storm Steve
The British Met Office and Irish Met Eireann have announced the first storm names to come from a new crowd-sourced naming project.
James Dyson accuses Bosch of cheating ‘like Volkswagen’
The Dyson boss has filed legal proceedings against its German rival
UK industry ‘crippled’ by electricity costs twice as high as in Germany
British steelmakers and other big manufacturers are being forced to pay twice as much for their electricity as competitors in Germany, increasing the burden on the industry as it struggles to compete against overseas rivals.
Ferrari races on to Wall Street
Luxury sports carmaker lists on New Yorks Stock Exchange with company valued at around $10bn
Balls takes university job in London
Ed Balls is to take up an academic post, in a clear sign that he has no intention of returning to frontline politics.
Oprah Winfrey’s stake in Weight Watchers sends share price soaring
The former talkshow host, head of a media empire, could net as much as $50m profit from initial share price spike on news she had bought 10% of company
Samsung developing robots to replace cheap Chinese labour
The South Korean government has handed Samsung a multi-million dollar investment to develop factory robots that can carry out complex tasks normally reserved for nimble human fingers.
China invests £5.2bn in UK projects
Chinese investment group SinoFortone plans to invest more than £5bn in the UK.
Deutsche Bank ‘accidentally sent $6bn to a client’
Error occurred after employee used a gross figure, rather than a net figure, according to reports
“Abandoned” patents jump as businesses slash intellectual property costs
Nearly 124,000 patents in the US and Europe were allowed to expire last year, up nearly a third compared to the same figure in 2004, according to research from IAM and Ocean Tomo.
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