Business

China Investigates Top Local Social Media Sites In Push To Control Content

China is investigating its top social media sites, including WeChat and Weibo, for failing to comply with cyber laws, the latest step in the country's push to secure the internet and maintain strict Communist Party control over content. President Xi...

Google Cancels Staff Meeting Over Fears Of Online Harassment

Alphabet's Google canceled on Thursday a company-wide meeting scheduled to discuss the controversy over a memo opposing diversity policies, the company said, citing concerns about personal attacks on employees from far-right commentators. The company meeting was called to discuss the...

Amazon Picks Its First Australian Warehouse, A Step Towards Launching

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U.S. retail giant Amazon.com unveiled the site of its first Australian warehouse on Thursday and named a German executive as country manager, signaling it is prepared for industrial strife in the world's 12th-biggest economy. Three months after revealing plans to...

Australia’s Commonwealth Bank Accused Of Massive Money-Laundering Breaches

The Australian government on Thursday accused the country's biggest mortgage lender, Commonwealth Bank of Australia, of widespread breaches of money-laundering and counter-terrorism financing rules. Financial intelligence agency AUSTRAC said it had initiated civil penalty proceedings in the Federal Court against...

HK’s BOC Aviation To Buy 10 Boeing Aircraft For $1.25 Billion

  BOC Aviation Ltd said on Thursday it would buy 10 new aircraft from Boeing Co for an aggregate list price of $1.25 billion, as it looks to strengthen its future revenue stream by investing in modern, efficient and in-demand...

Bank Of England Staff To Embark On First Strike In 50 Years

BEVERLY HILLS, August 01, (THEWILL) - Trade union members at the Bank of England, Britain’s Central Bank, under the auspices of Unite, will go ahead with the first strike action by staff for over 50 years on Tuesday. “Last-minute talks facilitated...

Amazon Everywhere: E-Commerce Titan Is Topic Companies Can’t Avoid

What looms over businesses as far flung as car repair, lab equipment and swimming pool gear? In a word, Amazon. Almost 700 U.S. companies have reported quarterly results so far this earnings season, and the e-commerce titan's name has popped...

Lockheed Martin Given $3.7 Billion Interim Payment For 50 F-35s: Pentagon

Lockheed Martin Corp (LMT.N) was awarded a $3.7 billion interim payment for a batch of 50 F-35 fighter jets earmarked for non-U.S. customers, the Pentagon said on Friday. The contract provides funds for the procurement of 50 aircraft, comprised of...

Walmart Chile Workers Vote To Go On Strike

The union representing workers at Lider, Wal-Mart Stores Inc's (WMT.N) main supermarket chain in Chile, said on Friday they had voted to go on strike for higher pay. "We are awaiting the final result from the work directorate, but we...

CBN Injects $462m Into Forex Market

SAN FRANCISCO, July 28, (THEWILL) - The Central Bank of Nigeria (CBN) on Friday injected $462,336,426.74 into the foreign exchange market. THEWILL recalls that the bank had earlier injected $194 million to the forex market on July 24. The Acting Director in charge of...