Business

While trade relations between the U.S. and China have descended into a relay of tariffs and counter-tariffs, developments to reform trade on the African continent are telling a very different story. “If you start looking much more inwards, and focus within your little population of 40 or 50 million, you lose sight of the big
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Diego Levy/Bloomberg/Getty Images Naguib Sawiris, chairman and chief executive officer of Orascom Telecom Media and Technology Holding. Sorrell, credited for turning WPP into the world’s biggest advertising agency, quit on Saturday amid allegations of personal misconduct. In a statement, the 73 year-old businessman said, “WPP is not just a matter of life or death, it
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The business of basketball is booming and Tilman Fertitta, the owner of the NBA‘s Houston Rockets, suggests the league has a winning game plan for keeping fans tuned in. “The NBA, it’s just fun and interesting and the crowd is into it,” Fertitta told CNBC during “Power Lunch” this week. This season, the NBA set
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By now you’ve probably gathered that Facebook uses things like your interest, age and other demographic and geographic information to help advertisers reach you. Then there’s the stuff your friends do and like — the idea being that it’s a good indicator for what you might do and like. So, if you have a friend
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“All that turmoil doesn’t help,” said Dan Stephenson, founder and chairman of the Rancon Group, a Murrieta, California-based real estate development firm. Indeed, the Chinese earlier this month slapped a new tariff on U.S. wine exports. And Beijing could spur an anti-U.S. backlash that discourages Chinese citizens from investing in American businesses. Regardless, there has
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Generic drug maker Mylan is in advanced discussions to acquire Merck’s consumer health business after other bidders failed to meet the German company’s price expectations, people familiar with the matter said. “Although it’s Mylan’s policy to not comment on rumors or speculation, given the egregious inaccuracy of reports issued this morning, the company is compelled
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GEOFFROY VAN DER HASSELT | AFP | Getty Images Paris Saint-Germain’s supporters wave flags during the French Cup round of 16 football match between Paris Saint-Germain (PSG) and Guingamp (EAG) at the Parc des Princes stadium in Paris on January 24, 2018. British newspaper the Financial Times reported Wednesday that PSG was facing the threat
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Boeing’s venture capital arm invested outside the U.S. (again), putting funds behind a space company (again). The U.S. industrial giant joined Rolls-Royce and defense company BAE Systems in a $37.6 million fundraising round for U.K.-based propulsion company Reaction Engines. This is both the second foreign investment and the second space investment for Boeing HorizonX Ventures,
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Amazon officials told leaders here that the lack of a “blueprint for talent” was one of the reasons the e-commerce giant didn’t choose St. Louis region for its second headquarters, according to an economic development official. St. Louis Economic Development Partnership CEO Sheila Sweeney‘s comments came Wednesday at an event in Belleville, the Belleville News-Democrat
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