As Amazon expands across the country, it will create more than 2,500 permanent jobs in the UK this year.   By the end of 2016, the US based on line retailer’s workforce in Britain would reach a total of 14,500 by this addition of employees.   The hiring by the company would be done...

Very recently sanctions imposed by the EU and the U.S on Iran for decades now were lifted. Iran can once again sell more oil to global markets with the sanctions being lifted.   “Iran announced its full return to the global oil market by ordering an immediate increase in production,...

A National Labor Relations Board judge ruled that the Wal-Mart Stores management unlawfully retaliated against workers who participated in strikes in 2013 and must offer to reinstate 16 dismissed employees.   The U.S. retailer violated labor law by "disciplining or discharging several...

Around $5.3 billion has been offered to take over troubled Japanese electronics maker Sharp Corp.  by Foxconn, the Taiwanese company that assembles the bulk of the world’s iPhones, reports the Wall Street Journal quoting people familiar with the matter.   Another competing offer by...

Following allegations by General Motors that he and his wife was making misleading statements in their testimony, an Oklahoma man suing General Motors  in the first trial in federal litigation over its massive engine switch recall has hired a criminal defense attorney.   The plaintiff...

A recent international survey says that global business confidence has fallen to a three-year low.   As corporate leaders contemplate a rising tide of threats, the survey of more than 1,400 CEOs paints a gloomy picture of the global business environment.   This survey was made public...

Due to a $5 billion settlement of crisis-era legal claims that added pain to an already tough three months, Goldman Sachs Group Inc reported its smallest quarterly profit in more than four years.   As oil prices plummeted, concerns about China's economy intensified, and nervousness about the...

The Sarikhani and Nielsen families have bought Barclay’s trust business and plan on expanding and doubling its revenues within five years. Although Barclays Bank has sold its trust business to an independent investor group, it has retained a 20% stake, for at least 3 years, in the newly formed...

62 of the world's richest people own the same amount of wealth as half of the world's population, claims a report of Oxfam. This statistic is being used by the charity organization to highlight the scale of global inequality.   Five years ago, this number – i.e. persons with half of wealth...