The US central bank has fined BNP Paribas $246m (£189m), the latest punishment in a currency rigging scandal that has led to billions in fines on both sides of the Atlantic. Authorities say traders at different firms used online chat…
China’s strong second-quarter GDP growth paves way for deeper reforms
China’s economy expanded faster-than-expected in the second quarter, setting the country on course to comfortably meet its 2017 growth target and giving policymakers room to tackle big economic challenges ahead of key leadership changes later this year. The boost to…
7 million pounds of hot dogs are being recalled after someone bit into shards of bone
A New York meat processor is recalling more than 7 million pounds of hot dogs and sausages mostly under the Sabrett brand name after consumers complained about finding small pieces of bone in some of the products, the US Department…
Alfred Angelo Bridal stores close, leaving brides scrambling for dresses
Scores of brides were jilted last week, leaving them scrambling to find a gown for their wedding day after a national retailer announced its bankruptcy. Alfred Angelo Bridal abruptly closed 60 bridal stores Thursday night after filing for Chapter 7…
Cheaper options knock Gulf’s share of Indian June oil imports to 19-month low
India’s reliance on Middle East oil imports shrunk in June to the smallest since October 2015 as the world’s third-biggest importer tapped other sources amid OPEC supply cuts, ship tracking data from industry sources and data available on Thomson Reuters…
Etisalat rebrands, now 9Mobile
Ninety-six hours after a three-week deadline was given to drop its brand name by Etisalat International, Etisalat Nigeria, Thursday, picked up the gauntlet, announcing it will now trade under the brand name, 9Mobile. The decision to use 9Mobile as the…
These are the most powerful brands in the world
For the last five years, Apple held on to the title of the world’s most valuable brand. Then this year, the iPhone maker lost the top spot to Google, according to consultancy Brand Finance’s Global 500 rankings. As Apple’s brand value…
Oil dips on glut but Chinese and U.S. data supports
Oil prices dipped on Thursday on worries about oversupply, but strong Chinese imports and signs that U.S. storage tanks were gradually being drained offered some support. Brent crude fell 20 cents to $47.54 a barrel by 0730 GMT and U.S.…
Japanese Retail Giant Accepts Bitcoin Nationwide after Successful Trial
Japanese electronics retailer Bic Camera will enable bitcoin payments across all stores in the country this month. Tokyo-based consumer electronics retail chain Bic Camera becomes the latest major retailer to accept bitcoin throughout Japan, a report by Nikkei confirmed today. The trial…
Teenager builds £50,000-a-year tuck shop empire from boys’ toilets
A entrepreneurial 15-year-old school boy has reportedly been making £230 a day through a tuck shop empire run out of his school in London. Nathan John-Baptiste, dubbed the “Wolf of Walthamstow”, started his business at the age of 12 in…