Business

Israel’s Minister of Intelligence Israel Katz said on Sunday that by striking key Iranian sites in Syria, Israel sent a clear message to Iran that it would not tolerate an Iranian military foothold on its doorstep and would act decisively to counter any further provocations. The wave of airstrikes came after Israel intercepted an Iranian
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Israel said it launched air strikes against air defences and Iranian targets in Syria on Saturday and the Syrian army claimed to have hit an Israeli F-16 that crashed in northern Israel in amajor escalation of tension. The Israeli military said the F-16 jet crashed during a mission to strike Iranian drone installations in Syria,
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Capping any optimism is the belief that South Africa’s economic fundamentals are not as positive as they could be. Its economy grew at just 0.7 percent in 2017, according to the International Monetary Fund, well below emerging markets as a whole which grew at 4.6 percent. The uncertainty of Zuma’s political future crystalized earlier this
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Millions around the world will tune into watch the 2018 Winter Olympics, but to those unfamiliar with the geography of South Korea it may be hard to understand where the events are taking place. The European Space Agency (ESA) flew its Sentinel-2 imaging satellite over the host city of Pyeongchang on Jan. 30, giving a
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L.L. Bean’s generous return policy is going to be a little less forgiving: The company, which has touted its 100 percent satisfaction guarantee for more than a century, is imposing a one-year limit on most returns to reduce growing abuse and fraud. The outdoor specialty retailer said returns of items that have been destroyed or
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Daily Mirror publisher Trinity Mirror scooped up titles including the Daily Express, Daily Star and OK! magazine for £127 million ($177 million) on Friday in the biggest shake up of Britain’s cut-throat newspaper industry in decades. The takeover by Britain’s largest news publisher unites tabloids from opposite ends of the political spectrum, and with conflicting
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U.S. retail sales in 2018 could climb slightly higher than last year’s 3.9 percent gain, as lower unemployment and growing wages drive consumer confidence higher. The National Retail Federation on Thursday projected industry sales will grow between 3.8 and 4.4 percent this year, excluding automobiles, gas stations and restaurants. That compares with NRF’s forecast last
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Damir Sagolj | Reuters Kim Yo Jong, sister of North Korean leader Kim Jong Un, attends an opening ceremony of a newly-constructed residential complex in Pyongyang, on April 13, 2017. North Korean leader Kim Jong Un’s sister, an increasingly prominent figure in the country’s leadership herself, will be part of the North’s delegation coming to
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Don’t expect to see “lady Doritos” on store shelves. The company behind the cheesy chips said Tuesday that it’s not developing a line of Doritos designed specifically for women, despite widespread online speculation that it was. The phrase “lady Doritos” trended on social media after PepsiCo‘s longtimeCEO Indra Nooyi said on a podcast that unlike
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Lululemon Athletica CEO Laurent Potdevin is resigning from the retailer, effective immediately, the company announced Monday. Lululemon said Potdevin “fell short of … standards of conduct” to respect employees and show integrity. Meanwhile, the company’s board of directors has started searching for a new global CEO. Potdevin will also be removed from his position on
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Elon Musk, the chief executive of Tesla, has said little about how he plans to turn his prototype electric truck into reality. But Reuters has learned that Tesla is collaborating with Anheuser-Busch and United Parcel Service to build on-site charging terminals at their facilities as part of the automaker’s efforts to roll out the vehicle
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Sony said on Friday that CEO Kazuo Hirai will be replaced by the company’s chief financial officer, Kenichiro Yoshida, effective on April 1. Hirai, who stepped in as CEO in 2012, will become chairman of the electronics and entertainment company. During Hirai’s six-year tenure, Sony has exited or cut back in areas such as PCs
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As the terms of a Brexit remain uncertain, U.K. businesses are looking to tap into the Chinese market, more so than ever. British Prime Minister Theresa May embarked on a trip to China on Wednesday with a 50-strong business delegation, featuring sectors ranging from health care to clean energy, in her bid to cement Britain-China
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