Economy

Wall Street predicts tech giants will only getting bigger in next 12 months   Amazon, Microsoft, Intel and Alphabet, the parent company of Google, add nearly $140 billion to their massive combined market value with Friday's...

EU wage growth hits two-year high Author: Luján Scarpinelli   The European Central Bank could be set to phase out its emergency stimulus programme as wages in the eurozone grow at their quickest rate for two years. On...

Francesca Bellettini has achieved the impossible with Saint Laurent   Renaming a world-famous brand is never advisable. However, under Francesca Bellettini’s guidance, the rebadged Saint Laurent has been remarkably successful. During tumultuous economic periods, purse strings are...

Bitcoin soars to record high above $6,000   E currency Bitcoin moved over the $6,000 mark on Friday. The original virtual currency has gained over 500% profit this year, more than any other tradable asset class. Bitcoin...

IKEA takes first step into gig economy by acquiring TaskRabbit By Luján Scarpinelli    Swedish furniture company IKEA has bought US start-up TaskRabbit, broadening the services it provides to its customers. On September 28, the Swedish home goods...

Panasonic accelerates battery drive with new production line By Barclay Ballard   Japanese company Panasonic will begin production of lithium-ion batteries at its Himeji factory in an effort to increase its presence in the automotive sector. On September...

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,...

Mitsubishi Motors checking how Kobe Steel parts affected by false data by Naomi Tajitsu   TOKYO (Reuters) - Mitsubishi Motors Corp (7211.T) is investigating how components from suppliers containing Kobe Steel Ltd (5406.T) parts have been affected...

Exclusive: Banco Sabadell mulls moving top management from Catalonia Jesús Aguado MADRID (Reuters) - Banco Sabadell (SABE.MC) is considering moving some of its top management from Catalonia to Madrid, a source close to the board said...

Taiwan ministry expresses 'deep concern' about Qualcomm's antitrust fine by Jess Macy Yu   TAIPEI (Reuters) - Taiwan’s economics ministry said it is “deeply concerned” about the antitrust agency imposing a $775 million fine on Qualcomm...