Business

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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A.P. Moller-Maersk missed fourth-quarter profit expectations on Friday but earnings were up and the chief executive leading a turnaround at the world’s largest container shipping company said the outlook was positive. The Danish company’s earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $844 million from $605 million, but fell short of the $896
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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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Saudi Arabia could be tempted to reconsider the timing of what is expected to be the biggest-ever initial public offering (IPO) later this year, BP CEO Bob Dudley told CNBC on Tuesday. Indecision at the highest levels of Saudi Arabia’s government is reportedly playing a major role in holding up the planned flotation of the
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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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“Technology is moving at a faster pace than we can use it,” Bahrain’s Transport and Telecommunications Minister Kamal bin Ahmed Mohammed said at the summit. “Airline operators will be forced to invest in technology.” In that spirit, Boeing has assembled 800 analytics experts to create a new division focused on using data for customer solutions.
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