Twitter’s chief technology officer and vice president of product both said they will quit the company December 20, 2016 Two Twitter executives today announced they will leave the company, adding to a string of executive departures throughout the year. Twitter's chief technology officer Adam Messinger said he would resign from the company in a Tweet. After 5 years I’ve decided to leave Twitter and take some time off. Grateful to @jack for the opportunity and to my team [...]
Volkswagen agrees to compensate more owners of emissions-cheating diesel vehicles in the US December 20, 2016 German automaker Volkswagen has taken another step to make good on its emissions-cheating scandal. Today, the company agreed on a mix of buybacks and fixes for around 80,000 3.0-litre diesel VW, Porsche and Audi vehicles, a US federal judge said in a San Francisco hearing. The German software developer for the VW diesels, Robert Bosch GmbH, also agreed in [...]
General Mills’ share price dropped by as much as four per cent as profit slipped below expectations December 20, 2016 Shares in the US food giant General Mills fell by as much as four per cent in early trading as the company reported its quarterly earnings had slipped below expectations The figures The maker of Cheerios and other breakfast cereals reported its operating profit margin was down 18.7 per cent on the previous year, and [...]
Heavy Black Friday discounting drove the basket value of online electrical purchases to its lowest value ever December 20, 2016 Black Friday discounting slashed the average value of online purchases in the electrical sector by 22.7 per cent year on year, a new report suggests. Discounts on electronics were key for attracting bargain-hunting Black Friday shoppers, but new figures show the price cuts brought the average basket value down to £119 in November, its lowest value [...]
Berlin: 12 people have died and 48 are injured after a truck “deliberately” drove into a Christmas market December 20, 2016 Berlin police said 12 people have died and 48 injured after a truck ploughed into a crowd at a Christmas market in the heart of west Berlin last night. Investigators assume the driver that ploughed into the market did so deliberately and said the incident was a "probable terrorist attack". "Our investigators assume that the truck [...]
The IMF has backed its chief Christine Lagarde after French court delivers a guilty verdict in negligence trial December 19, 2016 The International Monetary Fund (IMF) has backed managing director Christine Lagarde after French judges convicted her of negligence but imposed no punishment. The IMF's executive board said in a statement today it "reaffirms its full confidence in the managing director's ability to continue to effectively carry out her duties". Lagarde was found guilty of a state payout [...]
The US Electoral College is set to back Trump for the White House December 19, 2016 The US Electoral College has shown no sign of moving its support from President-elect Donald Trump to losing Democrat candidate Hillary Clinton as voting begins today. Some Democrats urged the college – a group of 538 electors chosen by state parties – to change their votes to Clinton after she won the popular vote by a [...]
Boeing announced its commercial aircraft unit will start a voluntary layoff programme next year December 19, 2016 Boeing's commercial airplanes unit announced today it would cut even more jobs in 2017 due to continued competition in the industry. The aircraft maker cut about eight per cent of jobs since the beginning of this year, including a 10 per cent reduction of executive positions. Read more: Boeing to cut thousands of jobs In [...]
Radio Times publisher Immediate Media is set to be sold to a German media group for £260m December 19, 2016 One of Britain's most recognisable brands, Radio Times, will be sold to a German media giant. The television listings magazine's publisher Immediate Media will be sold this week to Germany's Hubert Burda in a £260m deal, Sky News reported. Hubert Burda, publisher of YourHome and Wedding lifestyle magazines, will take over the Exponent Private Equity-owned [...]
Federal Reserve chair Janet Yellen emphasises the necessity of a good education in today’s “changing economy” December 19, 2016 The US jobs market is the strongest it's been in nearly a decade, but technological advancements and globalisation mean job seekers must have a good education, Federal Reserve chair Janet Yellen said today, speaking to new graduates. Advancements in technology and an increasingly globalised workplace mean there is more demand for higher-skilled jobs that require [...]
