Business

Toyota President Says Will Continue To Make Variety Of Vehicle Types

Toyota Motor Corp (7203.T) President Akio Toyoda on Tuesday said his company would continue to make a variety of vehicle types available to customers, even as tighter global regulations are prompting automakers to develop more electric vehicles. “EVs (electric vehicles)...

With New Operating System, Apple Revamps Its Money-Making App Store

Apple Inc’s newest operating system for iPhones and iPads introduces changes to its marketplace for third-party software to satisfy app developers and add new so-called augmented reality apps. The system, called iOS 11, is being released on Tuesday ahead of...

Oil Edges Up As IEA Sees Higher Oil Demand, Shrinking Inventories

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Oil prices ticked higher on Wednesday after the International Energy Agency said the global oil surplus was starting to shrink due to robust global demand and an output drop from OPEC and other producers. U.S. West Texas Intermediate (WTI) CLc1...

Apple Launches $999 Iphone X In Bid To Regain Innovation Lead

Apple Inc on Tuesday rolled out its much-anticipated iPhone X, a glass and stainless steel device with an edge-to-edge display that Chief Executive Tim Cook called “the biggest leap forward since the original iPhone.” The launch contained few surprises, with...

Whatsapp Co-Founder Brian Acton To Leave Company

Brian Acton, co-founder of WhatsApp, now owned by Facebook Inc (FB.O), will leave the messaging service company to start a new foundation, he said in a Facebook post on Tuesday. Acton spent eight years with WhatsApp, which Facebook bought in...

Wall Street Open Higher As Irma, North Korea Fears Ebb

Wall Street opened sharply higher on Monday on relief that Irma weakened to a tropical storm and North Korea did not conduct a nuclear test over the weekend as feared. The Dow Jones Industrial Average .DJI rose 157.28 points, or...

Bitcoin Price Drops $400 In Minutes Thanks To China

BEVERLY HILLS, September 08, (THEWILL) - The price of bitcoin crashed $400 following rumors that China was planning to make it illegal to operate a bitcoin exchange within the country. A regional financial website on Friday reported that China will...

Nokia To Retrench 600 Workers In France

BEVERLY HILLS, September 08, (THEWILL) - Finnish telecoms giant, Nokia, has revealed that it plans to cut around 600 jobs in France as it seeks to make cost-savings and refocus its loss-making businesses. The group, in a statement, said it...

DMO Begins Roadshow For N100bn Sukuk Bond For Budget Deficit

SAN FRANCISCO, September 07, (THEWILL) - The Debt Management Office (DMO), on Thursday, started a national road show in Lagos in preparation for the issuance of the much awaited N100bn non-interest bearing Sukuk bond. The DMO, in a statement issued...

Jpmorgan Creates Joint Venture For Retail, Internet Banking: Memo

Merger and acquisition dealmakers make their livings advising companies on mergers, sales and spinoffs. But this time, investment bankers at JPMorgan Chase & Co (JPM.N) are working on an internal deal of their own. JPMorgan is creating a joint venture...