Money Moves

Hyundai’s CEO, José Muñoz, reported on Wednesday that he received a personal call from the White House apologizing for a recent immigration raid at a factory in Georgia. Muñoz, speaking at a business leaders conference in Singapore, also mentioned that the Governor of Georgia contacted him, expressing uncertainty about the situation and stating it was […]

Adverts from major UK hotel and travel companies have been banned for featuring misleading minimum room prices. The Advertising Standards Authority (ASA) took action against Hilton, Travelodge, Booking.com, and Accor for using “from” prices that did not accurately reflect the availability of rooms at those rates. The ASA determined that only a limited number of

Kim Min-seok, the CEO of Pinkfong, authorized the release of a 90-second children’s song clip in June 2016, which unexpectedly became a worldwide sensation. The song, known as “Baby Shark,” has amassed over 16 billion views, making it the most watched video on YouTube to date. This viral hit not only captivated young audiences but

Hewlett Packard, now known as Hewlett-Packard Enterprise (HPE), is pursuing $1.7 billion (£1.3 billion) from the estate of Mike Lynch, who died in a yacht accident last year. This claim arises from HPE’s acquisition of Lynch’s firm, Autonomy, in 2011, which HPE alleges was misrepresented regarding its finances by Lynch and the former CFO, Sushovan

A U.S. district judge in Washington has determined that Meta Platforms, the parent company of Facebook, did not breach antitrust laws concerning its acquisitions of Instagram in 2012 and WhatsApp in 2014. This ruling represents a setback for the Federal Trade Commission (FTC), which had filed a lawsuit against Meta in 2020, alleging that the

Dozens of hereditary peers, including high-profile figures such as the Duke of Wellington, have come under scrutiny for their opposition to Labour’s proposals aimed at improving workers’ rights. Recently, the House of Lords supported amendments to the employment rights bill, proposed by Conservative members, for the third consecutive time. This legislative move seeks to counter

Ocado’s stock has seen a significant fluctuation since its listing at 180p 15 years ago, peaking at £29 during the Covid lockdowns in 2020 before returning to the same initial price. The company’s partnership with the US supermarket chain Kroger, formed in 2018 to introduce Ocado’s technology into the American market, has come under scrutiny.

Amazon’s Zoox is set to launch its robotaxi service in San Francisco, offering complimentary rides in select neighborhoods. This initiative aims to compete with Waymo, which has been an early leader in the self-driving transport sector. The service, announced recently, will be limited to individuals who have signed up on a waiting list for rides

A rescue proposal for Thames Water, the UK’s largest water utility, has faced criticism from potential bidders who feel excluded from discussions about its future. The utility, which serves 16 million people, is in financial distress, with debts approaching £20 billion and relying on an emergency loan from its lenders, who are owed over £13

A number of prominent websites, including X and ChatGPT, have experienced outages for some users due to issues affecting internet infrastructure provider Cloudflare. Reports of problems began to surface around 11:30 GMT on Tuesday, with thousands of users notifying outage monitoring site Downdetector. Cloudflare acknowledged a “spike in unusual traffic” starting at 11:20 UTC, which