Economy

Lego cuts 1,400 jobs following first drop in sales in 13 years By Luján Scarpinelli   The Danish toy manufacturer seeks efficiency after posting first revenue fall in more than a decade in the first half of...

Bitcoin price soars above $5,000 to record high  Julia Kollewe Rising price of the cryptocurrency, now worth four times as much as an ounce of gold, has led to warnings of a bubble. The price of bitcoin...

Bitcoin price falls below $6,000 as banker signals crackdown Angela Monaghan   BIS head says cryptocurrency is a ‘Ponzi scheme’ that poses a threat to financial stability. The price of bitcoin yo-yoed wildly again on Tuesday, falling 14%...

Tesla cuts nine percent of workforce in search of profit   In its fifteen-year existence the company headed up by Elon Musk has not made a profit, and it's burning through cash at an unprecedented rate. Tesla...

Advanced Hair Clinics drives medical tourism in Greece Author: Dr Anastasios Vekris, Plastic Surgeon and Medical Director, Advanced Hair Clinics   By proving hair transplants can be painless and natural-looking with the right clinic and physician, Advanced...

China urges BRICS to promote open world economy   Chinese President Xi Jinping calls for the BRICS nations - Brazil, Russia, India, China and South Africa - to boost more open global economy and push for...

EU fines Facebook €110 million over WhatsApp deal   The European Commission levied the $123M fine because Facebook had said it could not automatically match user accounts on its namesake platform and WhatsApp, but two years...

L’Oreal set to sell the Body Shop for $1.1bn   Author: Rachel Connolly   French cosmetics giant L’Oreal is in exclusive talks to sell the Body Shop to Brazil’s Natura in a €1bn deal. On June 8, L’Oreal began...

Ford Lyfts AI efforts with autonomous vehicle partnership By Barclay Ballard   Ride-hailing app Lyft and automobile giant Ford will collaborate in an attempt to bring self-driving vehicles to the mainstream before fierce competitor Uber. On September 27,...

Apple and Dell bid to acquire Toshiba’s memory chip business By Luján Scarpinelli   The US tech companies are part of a consortium led by Bain Capital hoping to purchase the Japanese heavyweight’s memory chip business. In a...