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Finance

In its fight against obesity and child obesity, the United Kingdom government introduced the new tax to "to encourage companies to reformulate their soft drinks". Pure fruit juices will be exempt as they do not carry added sugar, while drinks with a high milk content will also be exempt due to their calcium content.
  • An Eye on Price to Sales (P/S) Ratio Amazon.com, Inc

    An Eye on Price to Sales (P/S) Ratio Amazon.com, Inc

    Finance

    The Massachusetts-based Massachusetts Serv Company Ma has invested 0.71% in Amazon .com, Inc. ( NASDAQ : AMZN ) for 2,580 shares. Art Ltd Llc holds 0.58% or 11,200 shares. It has outperformed by 65.23% the S&P500. (NYSE:MOD) by 81,477 shares in the quarter, leaving it with 223,163 shares, and cut its stake in The Children's Place Inc.
  • Twitter shuts 1 million accounts for 'terrorism promotion'

    Twitter shuts 1 million accounts for 'terrorism promotion'

    Finance

    According to Twitter, this drop is likely the product of work the company has done to make the social network "an undesirable place for those seeking to promote terrorism". Where terrorist content specifically is concerned, the Commission has also been pushing for increased used by tech firms of what it calls "proactive measures", including "automated detection".
  • Sales of new cars in United Kingdom slump in March

    Sales of new cars in United Kingdom slump in March

    Finance

    SMMT chief executive Mike Hawes said: "March's decline is not unexpected given the huge surge in registrations in the same month past year". Meanwhile, petrol now accounts for 61.4% of new vehicle sales, up from 52% past year, contributing to a rise in average Carbon dioxide emissions for new cars in Britain that first started in February.
  • Ex-HSBC Whistleblower Arrested In Spain Over Tax Leaks

    Ex-HSBC Whistleblower Arrested In Spain Over Tax Leaks

    Finance

    Falciani was found guilty in absentia of corporate espionage by a Swiss court in 2015 and given a five-year prison sentence, after stealing a trove of data from HSBC's Swiss unit that spawned investigations by French, Belgian, U.S. The bank said at the time that it had co-operated with authorities and that accounts from clients who "did not meet our high standards" had been shut down.
  • Singapore police arrest flight passenger for bomb hoax

    Singapore police arrest flight passenger for bomb hoax

    Finance

    The flight TR634 bound for Hat Yai was escorted safely back by Singapore's air force, the Scoot Airlines said. Two Singapore fighter jets escorted a commercial airliner back to Singapore on Thursday due to a bomb threat that turned out to be a hoax, according to Singapore police.
  • Champions League: Klopp hails 'brilliant' Liverpool but knows job not over

    Champions League: Klopp hails 'brilliant' Liverpool but knows job not over

    Finance

    The home side doubled their lead eight minutes later as Alex Oxlade-Chamberlain thumped home a thunderous strike after Nicolas Otamendi had given the ball away. "He said to me immediately after the game: "all fine, all good", said Jurgen Klopp to BT Sport . Not that we created too much but you never know it's football.
  • Delta: Some customer info may have been compromised

    Delta: Some customer info may have been compromised

    Finance

    Westpac Banking Corp grew its position in shares of Delta Air Lines by 16.5% in the fourth quarter. Notwithstanding that, the firm is seeing a foremost top-line progress, with their year-over-year quarterly revenue increasing by 8.30%. 583.95 million shares or 0.88% less from 589.14 million shares in 2017Q3 were reported . The ex-dividend date is Tuesday, November 8th. Its down 0.04, from 1.15 in 2017Q3.
  • Gold prices fall as US-China trade tensions ease

    Gold prices fall as US-China trade tensions ease

    Finance

    U.S. gold futures rose 0.4 percent to $1,333.10 an ounce. US gold futures were 0.6 percent lower at $1,332.50 an ounce. The United States voiced willingness on Wednesday to discuss with China after Beijing retaliated against proposed US tariffs on $50 billion in Chinese goods by targeting key American imports.
  • RBI monetary policy review: Keeps 'Status quo'; repo rate unchanged at 6%

    RBI monetary policy review: Keeps 'Status quo'; repo rate unchanged at 6%

    Finance

    The decision of the MPC to keep the repo rate unchanged was in accordance with the objective of achieving the medium-term target for Consumer Price Index (CPI) inflation of 4 percent while supporting growth. "The revised formula for MSP (minimum support price) as announced in the Union Budget 2018-19 for kharif crops may have an impact on inflation, although the exact magnitude will be known only in the coming months", he said.
  • Mobile networks fork out £1.4bn for 5G spectrum

    Mobile networks fork out £1.4bn for 5G spectrum

    Finance

    The total amount of spectrum sold off equates to about three-quarters of the total spectrum sold in the 2013 4G spectrum auction , which raised £2.34bn and was deemed a disappointment given that the previous 3G auction in 2000 netted the government £22.5bn .