Business

Turkey Coup Anniversary: Emotional Erdogan Hails ‘Defenders Of Nation’

Turkish President Recep Tayyip Erdogan has given emotional speeches to tens of thousands of people a year after a coup attempt was faced down in the streets. Mr Erdogan said: "People that night did not have guns, they had a...

Google Escapes €1.1bn Tax Claims In France

BEVERLY HILLS, July 12, (THEWILL)  - A French Court has ruled that Google is not liable for 1.115 billion euros ($1.272 billion) in unpaid taxes claimed by the French state saying the internet giant’s Irish subsidiary is not taxable in...

Pepsico’s Quarterly Profit Beats On Higher Pricing

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PepsiCo Inc's (PEP.N) quarterly profit beat estimates as higher pricing of sodas and snack foods in North America paid off and as the company sold its minority stake in British bottler Britvic Plc (BVIC.L). PepsiCo said on Tuesday that sales...

Toshiba In Talks With Western Digital, Foxconn Over Chip Unit Sale: Sources

Toshiba Corp (6502.T) is in talks with Western Digital Corp (WDC.O) and Taiwan's Foxconn, as well as with an already preferred bidder, as it seeks to revive a stalled $18 billion sale of its chip business, banking sources said...

Wall Street Opens Flat; Energy Stocks Up, Techs Down

U.S. stocks opened little changed on Tuesday as gains in energy stocks offset losses in technology. The Dow Jones industrial average .DJI was up 5.93 points, or 0.03 percent, at 21,414.45, the S&P 500 .SPX was down 1.11 points, or...

Tesla Steps Up Auto Service As Model 3 Debut Nears

Tesla Inc (TSLA.O) said it is expanding its auto service centers and adding 350 mobile service vans as it gears up to support its Model 3 sedan, a mass-market car that is expected to drive a 500 percent increase...

CBN Injects Another $142.5m Into Forex Market

SAN FRANCISCO, July 10, (THEWILL) - The Central Bank of Nigeria (CBN) on Monday injected a total of $142.5 million into the inter-bank foreign exchange, days after intervening in the retail segment of the market with the sum of $254.3million. A breakdown...

NSE Suspends 17 Listed Companies

BEVERLY HILLS, July 07, (THEWILL) - The Nigerian Stock Exchange (NSE) has suspended 17 listed companies from trading their shares in the bourse. In a statement signed by Acting Head, Listings Regulation Department, Godstime Iwenekhai, the NSE said the action was...

Microsoft Plans To Cut ‘Thousands’ Of Jobs: Source

Microsoft Corp (MSFT.O) plans to cut "thousands" of jobs, with a majority of them outside the United States, a person familiar with the matter told Reuters. Reuters reported on Monday that Microsoft would undergo a reorganization that would impact its...

$1 Billion Headache For Airbus As Qatar Cancels Four Jets

Qatar Airways has axed orders for four A350s because of delivery delays, Airbus said on Thursday, handing the European planemaker a new headache over what to do with jets worth $1.2 billion at list prices as it tries to...