27 November – 01 December
For the past four years, Oh Soon-ja has pushed her rusty cart through the streets of Seoul, collecting boxes and cardboard. “It’s hard for me to move around at my age but I have no choice — there’s no one to support me and my husband,” says the 68-year-old, who makes Won20,000 ($17.50) a day for her efforts. “It’s my fate — I have to live with it.”
Israeli authorities have ordered Uber to halt its unlicensed ride-sharing operations in the country, marking the latest blow against the company after a series of setbacks around the world in recent months.
Retailers are rising to the top of Wall Street this morning, building on Friday’s advances as early optimism about Cyber Monday sales give investors hope about the kickoff to the start of the holiday digital-shopping season.
The vast bond-buying programmes introduced by central banks in response to the global financial crisis took fixed income markets into uncharted territory.
The price of bitcoin soared to record highs on Monday and approached the symbolic $10,000 threshold even as some traditional marketplaces warned they were becoming “uncomfortable” with the volume and volatility of trading in the cryptocurrency.
Female employees at easyJet, one of only six FTSE 100 companies run by a woman, earn just over half what their male colleagues do.
The US has charged three Chinese nationals for hacking Moody’s Analytics, Siemens and GPS maker Trimble, accusing them of stealing sensitive information including emails of a prominent employee at Moody’s and intellectual property.
Raising interest rates before the end of the decade could threaten the long-sought after economic recovery in the eurozone, the Organisation for Economic Cooperation and Development has warned.
Bitcoin’s recent surge showed no sign of stopping on Wednesday, despite growing warnings from traditional marketplaces and market-watchers, breaking through the $11,000 barrier for the first time.
Russian cyber security group Kaspersky Lab has said its revenues in North America will be hit by between 5 and 8 per cent this year after a “tsunami of allegations” about its alleged exploitation by intelligence officials in Moscow.
Palmer & Harvey, the food wholesaler that supplied the Costcutter convenience store operator, has fallen into insolvency with the loss of 2,500 jobs.
Prices in Germany rose faster than expected in November, in an encouraging sign of the resilience of inflation trends in the eurozone as the central bank prepares to start withdrawing its quantitative easing programme.
The sell-off in technology stocks kicked into higher gear on Wednesday, with the Nasdaq Composite extending its decline to 1.7 per cent in midday trading.
Russian gas producer Gazprom has reported a near doubling of net profit in the third quarter as sales to Europe increased and higher energy prices buoyed earnings.
Insurance group Aviva has pushed up its growth targets and promised to return some of its £3bn of excess cash to shareholders.
Switzerland’s economy grew in line with forecasts in the third quarter, boosted by manufacturing and trade.
Finland’s centenary celebrations started early on Friday, with new data showing the country’s economy has been performing even better than previously thought.
Japanese carmaker Nissan is the latest foreign company pursuing international arbitration against India’s government, after losing patience over an investment incentive payment it believes it is owed by the state government.
Politicians, businesses and unions have criticised Royal Bank of Scotland’s decision to close a quarter of its UK branches and cut 680 jobs as part of a dramatic reduction of its presence on the British high street.
Greece plans to return to the international capital markets early next year with a new seven-year bond issue after successfully completing a €30bn voluntary bond swap this week, according to two people involved in preparing the country’s borrowing strategy for 2018.