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FINANCE

First Republic tumbles at opening bell in US after depositors flee

Digital Desk -
First Republic Bank’s stock has plunged at the opening bell in the US after it said depositors withdrew more than 100 billion dollars (about...
BUSINESS

Credit Suisse investors sue after facing billions in losses

Digital Desk -
A group of Credit Suisse investors has sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left it...
BUSINESS

Intel co-founder Gordon Moore dies aged 94

Digital Desk -
Gordon Moore, the co-founder of Intel who set the breakneck pace of progress in the digital age with a simple 1965 prediction of how...
WORLD NEWS

Turkish watchdog fines Elon Musk ‘for buying Twitter without permission’

Digital Desk -
Twitter owner Elon Musk will be fined for taking over the social media platform without asking Turkey’s competition watchdog for permission, officials said. The billionaire...
BUSINESS

Coca-Cola axes Lilt after nearly 50 years and replaces it with new Fanta

Digital Desk -
Soft drink Lilt has been pulled from shelves after 48 years and will be replaced by a new type of Fanta. The tangy drink began...
BUSINESS

Spotify becomes latest tech giant to cut jobs, with 6% of workforce to be shed

Digital Desk -
Music streaming service Spotify has said it is cutting 6 per cent of its global workforce, becoming the latest tech company to resort to...
BUSINESS

Elon Musk in court to defend Tesla buyout tweet in civil case

Digital Desk -
Elon Musk was summoned to court on Friday to defend a 2018 tweet claiming he had lined up the financing to take Tesla private...
BUSINESS

Amazon to make big business changes in EU settlement

Digital Desk -
Amazon has agreed to make major changes to its business practices to settle antitrust investigations that found the ecommerce giant gave itself an unfair...
FINANCE

Markets close weaker as investors price in more rate hikes

Digital Desk -
Inflation is close to it's peak, as CPI data suggests going from 10.4% to 10% over November, but rate hikes are still on the...
BUSINESS

Disney announces former CEO Bob Iger will return for two years

Digital Desk -
Former Disney CEO Bob Iger will return to head the company for two years in a move that has stunned the entertainment industry. The US...
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