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BUSINESS

Amazon takes bite of Deliveroo in $575m funding round

Digital Desk -
Amazon is leading a $575m investment round in Deliveroo, in a move that is set to have repercussions throughout the food delivery sector. London-based Deliveroo...
BUSINESS

Five banks fined €1.07bn over foreign exchange cartel

Digital Desk -
Five banks handed a €1.07bn fine for taking part in a foreign exchange spot-trading cartel, the European Commission has announced. Barclays and Royal Bank of...
BUSINESS

US regulator says Boeing 737 Max will only fly again when safety assured

Digital Desk -
The US’s top aviation regulator has assured Congress that the Boeing 737 Max, grounded after two deadly accidents, will only return to flying when...
BUSINESS

Asda-Sainsbury’s deal block could lead to stock market float

Digital Desk -
Walmart, US owner of Asda, has said it is “seriously considering” a stock market flotation for the UK supermarket after the chain’s deal to...
BUSINESS

UK economic growth rises after biggest manufacturing push since 1980s

Digital Desk -
UK economic growth accelerated in the first quarter of this year, driven by the highest quarterly pick-up in manufacturing since the 1980s as the...
BUSINESS

Uber shares close down 8% amid doubts on future profit

Digital Desk -
Uber hit a few potholes on its first day of trading on the US stock market, closing down 8% and reflecting lingering doubts about...
BUSINESS

Jeff Bezos plans to send spaceship to moon

Digital Desk -
Amazon CEO Jeff Bezos has announced he is going to send a spaceship to the moon. Mr Bezos said his space company Blue Origin will...
BUSINESS

Uber values itself at $82bn ahead of IPO

Digital Desk -
Uber is set for a wild ride on Wall Street with the biggest and most hotly debated initial public offering (IPO) in years. The world’s...
BUSINESS

Debenhams remains in hands of lenders after failed sale process

Digital Desk -
Beleaguered department store chain Debenhams will remain in the hands of its lenders after a sale process ended with no acceptable bids. The group of...
BUSINESS

UK cyber-security expert admits developing malware to steal banking data

Digital Desk -
A British cyber-security researcher credited with stopping a worldwide computer virus in 2017 has pleaded guilty in a US federal court to developing malware...
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