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Amazon rallies as investors celebrate profits

NEW YORK - Amazon shares shot to record levels on Friday after a blowout earnings report seen as a potential watershed for the US online giant...

27 Jul 2015 08:00

Amazon shares surge after surprise profit report

SAN FRANCISCO - Amazon shares rocketed higher on Thursday after the online giant surprised the market by swinging to profit in the second quarter amid surging sales...

27 Jul 2015 07:40



Coca-Cola earnings rise despite dollar drag

NEW YORK - Coca-Cola reported higher quarterly profits on Wednesday as increased sales in North America offset lower revenues overseas due in part to the strong dollar...

24 Jul 2015 11:40

US firm takes over Nettcash

A United States based mobile payments firm, Mozido, said yesterday it has acquired a majority stake in Zimbabwean firm NettCash, which also runs similar operations, as part of its expansion programme.

23 Jul 2015 15:04

EU opens probe into Rexam beverage can takeover

BRUSSELS, BELGIUM: The EU's competition regulator opened an in-depth probe on Monday into the proposed takeover of Rexam, the British maker of beverage cans, by US peer Ball Corporation in an offer worth £4.3 billion ($6.6 billion; €5.8 billion)...

22 Jul 2015 10:00

PayPal jumps in first trades after spinoff

NEW YORK - Shares in PayPal jumped on Monday in the first day after being spun off by eBay, with the online payments group seeing a market value higher than its former parent...

21 Jul 2015 10:20

Authors urge US antitrust probe of Amazon

SAN FRANCISCO, USA: Authors and booksellers are urging US antitrust officials to investigate whether online retail titan Amazon is abusing its considerable power to the detriment of readers, following a similar move in Europe...

15 Jul 2015 09:55

Zimbabwe retailers lose out to desperate street vendors

HARARE - The cries of street vendors have become the soundtrack to Zimbabwe's collapsing economy as increasing numbers of the unemployed try to eke out a living, leaving shopkeepers - and the taxman - poorer...

13 Jul 2015 11:10

SSA industrial adhesives market growing faster than traditional markets

Since 2000, the sub-Saharan African (SSA) economy has more than trebled in size. Despite some challenges, the region is expected...

By Constance Nyambayo 13 Jul 2015 10:23

Americans ditch smartphones when buying online: survey

WASHINGTON - They might be so popular as to be almost an extension of people's arms, but most Americans ditch their smartphones and return to the trusty computer when buying online...

8 Jul 2015 13:00

PPC cements African growth plan with new Zimbabwe plant

PPC is spending $200m on expanding its production facilities in Zimbabwe by 2020 as the nation's cement market evolves from...

By Mark Allix 7 Jul 2015 07:55

Lagos store brings modern African luxury to Nigeria's rich

LAGOS - Take a sought-after architect, add the king of "new Africa cuisine" and a smattering of famous designers, and you get a concept-store in Lagos that seeks to bring modern African luxury to Nigeria's ultra-rich...

6 Jul 2015 14:00

Beauty is back: designer Sagmeister on Italy as muse

ROME - Award-winning graphic designer Stefan Sagmeister, famed for his work with the Rolling Stones, Lou Reed and Aerosmith, says the concept of beauty in design is back...

29 Jun 2015 12:30

Dior oozes 'bourgeois cool' at Paris men's fashion week

PARIS - Dior declared summer 2016 the season of "bourgeois cool" at Paris men's fashion week on Saturday, while Balmain decked out its models as old-fashioned adventurers...

29 Jun 2015 12:15

Chinese e-commerce giant Alibaba sells off US arm

SHANGHAI - China's e-commerce titan Alibaba said Tuesday it is selling its US shopping subsidiary 11 Main only a year after launching it, having reportedly failed to gain traction in the market...

24 Jun 2015 13:30

Style gurus descend on Paris for men's fashion week

PARIS: Men's fashion takes centre-stage in Paris for five days from Wednesday, with Balmain's first menswear show among the highlights on a packed schedule...

24 Jun 2015 10:15

Walmart pulls Confederate flag items after US church attack

WASHINGTON: Walmart said it will remove Confederate flag merchandise from its stores as a debate rages around the banner seen by many as a symbol of racial violence in the wake of a deadly attack on a black church...

24 Jun 2015 08:20

Twitter moves to put 'products and places' in feeds

WASHINGTON, USA: Twitter said Friday it was testing a new way to use the messaging platform for shopping by promoting "products and places" in its feeds, as it looks to boost revenues.

22 Jun 2015 08:06

eBay sells back stake in Craigslist, ending dispute

NEW YORK: US e-commerce giant eBay said Friday it has sold its stake in Craigslist back to the online classified listings group, ending a legal dispute between them...

22 Jun 2015 08:10

New York exhibition plots rise of global fashion

NEW YORK: Paris, Milan, New York and London may reign in world fashion, but Asian and South American cities are ones to watch, according to an exhibition at one of the world's best design schools...

18 Jun 2015 13:20

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