The Australian dollar slumped to a near three-year low during Asia trade after local economic data disappointed and Goldman Sachs warned the resource-rich country was at risk of a steep economic downturn. New government figures today ...
Tags: Australian Dollar, Service
Fashion is among the fastest growing e-commerce category, with online traffic to the sector increasing by seven percent and the number of clothing and accessories sites growing by 126 percent year-on-year, according to a recent report ...
Tags: e-commerce, fashion
The European Investment Bank (EIB) has granted Renault a 400 million euro ($544 million) loan to aid research and development of its next generation of affordable, environmentally friendly vehicles. Announced at the Renault Group’s ...
Tags: Renault, Fuel-Efficient Vehicle, Loan
French automobile manufacturer Renault has received a loan of EUR400m from the European Investment Bank (EIB). The automaker is planning to invest the loan to complete the development of its third-generation car that will replace the ...
Tags: Renault, Investment Bank
Europe's Digital Agenda Commissioner on Thursday set out plans for the E.U. to produce more micro- and nano-chips than the U.S. in the next seven years. "I want to double our chip production to around 20 percent of global production. I ...
Tags: EU, US, Race, Computer Products
Juan Carlos Moragues, the Minister of Finance and Public Administration of Valencia community (province) of Spain, has advised the textile sector of Valencia to utilize the European Regional Development Fund to generate job opportunities in ...
Waitrose is considering legal action after its long-term online grocery distribution partner Ocado signed a deal with Morrisons last week. A Waitrose spokeswoman said: “We have instructed lawyers so that we can get a clear and ...
Energy and climate change minister Greg Barker is to set up a working group to free up blockages in the financing of commercial rooftop solar. Addressing questions after his keynote speech at the Large Scale Solar Conference in April, ...
Tags: Lightsource Renewable Energy, Company News, solar industry news
Smartphone maker BlackBerry is to port its popular BlackBerry Messenger (BBM) tool to Android and iOS. It will be available on all three platforms by the summer, claims the company, and crucially will be free. Further reading Analysis: ...
Tags: Blackberry, BBM, Apple, Android, Smartphone
Goldman Sachs, a global investment bank, has acquired 49% stake in India-based BPL Medical Technologies, a group company of BPL Limited, for INR1.1bn ($20.08m) The investment would help in expanding the business of BPL Medical ...
The Scottish government has announced that the country is set to drive ahead with plans to convert to greener street lighting, putting in a proposal for Green Investment Bank (GIB) funding. Being the first of its kind in the whole world, ...
Tags: outdoor lighting, lighting, Scotland
Street lights in front of Castlegate in Aberdeen, Scotland. Every street light in Scotland could be fitted with low-energy LED bulbs as part of ambitious plans to cut CO2 emissions, ministers said on Thursday. The Scottish government ...
Tags: LED bulbs, LED street light, LED
Companies should be using the high dollar as an opportunity to invest in businesses offshore, says Francesco de Ferrari, a senior private banker with Credit Suisse. "Big companies should go on a shopping spree. The entrepreneurs get it ...
Tags: Credit Suisse Banker, economy
High street baker Greggs has won approval to build a new frozen savouries factory in the Midlands, as the firm pursues its store expansion plan and continues its move into packaged supermarket retail. The UK’s biggest bakery ...
Tags: Greggs, Savouries Factory
The BlackBerry Q10 smartphone, the first traditional-style Blackberry bearing the company's long-awaited new operating system, has sold out on its first weekend. The first batch of the new device, which was released to generally positive ...
Tags: Blackberry