EconomyWeb | Global Economic Outlook
BUSINESS • Today
How a missed council tax bill of £167 can cost £2,065
April 25, 2019
Citizens Advice calls for a change in the rules that mean a full year's bill is levied after a missed payment.
Business Headlines

Business World
China's Xi says Belt and Road must be green, sustainable
April 26, 2019
China's Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in "high-quality" growth for everyone.
World Bank's new president skips China's Belt and Road for Africa trip
April 26, 2019
Nearly 40 world leaders and scores of finance officials, including International Monetary Fund Managing Director Christine Lagarde, are gathered in Beijing for China's second Belt and Road infrastructure summit, but the World Bank's new president isn't among them.
Client losses hit ad group WPP in North America
April 26, 2019
The world's biggest advertising company WPP reported an 8.5 percent slump in first-quarter underlying sales in North America, its biggest market, due to client losses that held the overall group back.
Daimler first-quarter hurt by China slowdown, raw material costs
April 26, 2019
Daimler's first-quarter operating profit fell 16 percent despite a 718 million euros one-off gain, it said on Friday, as a 4 percent drop in sales of Mercedes-Benz cars, higher raw material costs and investments weighed on earnings.
Uber to kick off investor road show with IPO terms on Friday
April 26, 2019
Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.
PayPal to invest $500 million in Uber: Refinitiv IFR
April 26, 2019
Online payments company PayPal Holdings Inc plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported.
Peru to sign MoU to join China's Belt and Road club in coming days: Chinese ambassador
April 26, 2019
Peru will sign a memorandum of understanding to join China's Belt and Road infrastructure initiative in coming days, China's ambassador said on Wednesday, despite recent warnings from the United States about the Beijing's rise in Latin America.
China's top feed producer New Hope builds three pig farms in Vietnam
April 26, 2019
China's top feed producer, New Hope Group, said on Thursday it is building three pig farms in neighboring Vietnam, even as an incurable pig disease spreads through the Southeast Asian country.
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BUSINESS • World
Belt and Road to make Russia-China trade more balanced – experts to RT
April 25, 2019
Preview Russia and China complement one another economically, according to political scientist Joseph Cheng. He said the two countries’ trade could become even more balanced with the help of the Belt & Road Initiative.
Read Full Article at RT.com
Berlin’s ambassador in Washington attempts to defend Russian energy majors from US sanctions
April 25, 2019
Preview The German Ambassador to the United States has asked the US Congress to hold back new sanctions against two of Russia’s biggest gas corporations, as further penalties may put energy security of the European Union in jeopardy.
Read Full Article at RT.com
‘Lay-off our spuds!’ PepsiCo slammed for suing Indian farmers over potatoes
April 25, 2019
Preview Snack giant PepsiCo’s Indian subsidiary is suing nine farmers in the state of Gujarat, telling them to lay-off growing a type of spud used in its popular brand of potato chips. Advocacy groups, meanwhile, have vowed to bite back.
Read Full Article at RT.com
Company News
International Business
Magic Leap Raises $280 Million From NTT DoCoMo
April 26, 2019
The maker of augmented-reality goggles said it has garnered $280 million from NTT Docomo of Japan, as part of a new partnership with the telecommunications giant.
Carlos Ghosn, for a 2nd Time, Is Released From Jail After Posting Bail
April 26, 2019
Mr. Ghosn, the former head of the Nissan-Mitsubishi-Renault alliance charged in Tokyo with financial wrongdoing, posted $4.7 million bail.
Regulators Around the World are Circling Facebook
April 26, 2019
Facebook revealed that it expects a record fine from the F.T.C. That could be one of many moves against the company by governments on four continents.
Uber Said to Plan I.P.O. Price Range Valuing Company as High as $90 Billion
April 26, 2019
The world’s largest ride-hailing company was said to be planning an initial pricing of $44 to $50 a share.
The Chic Octogenarian Behind Barbie’s Best Looks
April 25, 2019
Meet Carol Spencer, doll dresser extraordinaire and unsung doyenne of American fashion history.
China Retools Vast Global Building Push Criticized as Bloated and Predatory
April 25, 2019
Beijing is reshaping its plans for building a network of ports, rails and roads that enhance the country’s geopolitical ambitions. But it isn’t retreating.
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BUSINESS • Analysis
Renault quarterly sales hit by currency, Iran withdrawal
April 26, 2019
Renault's Iran pullout resulted in a 31 percent decline for its Africa, Middle East and India sales region.
This engineer thought business people were crooks until he founded a company and made billions
April 26, 2019
When Mo Ibrahim was growing up in Alexandria, Egypt, he idolized scientists such as Marie Curie and became a telecommunications engineer. Now he is a billionaire — something he never expected, because he didn't trust initially trust business people.
European markets seen mixed as investors monitor earnings; Deutsche Bank beats expectations
April 26, 2019
European stocks are set to open mixed Friday morning, as market participants prepared for another flurry of corporate earnings.

Business Trends
Amazon says it’s working on free one-day Prime shipping
April 25, 2019

Amazon revealed today that it’s working to offer free one-day shipping as the default for Amazon Prime customers, instead of the free two-day Prime shipping primarily offered today. “We’re currently working on evolving Prime two-day to Prime one-day,” says chief financial officer Brian Olsavsky during the company’s first quarter 2019 earnings call.

The new free one-day shipping method should be different from today’s free same-day and free one-day shipping, which usually require you to order at least $35 worth of items. The free one-day shipping also won’t come at an additional cost to consumers, besides the required Prime membership subscription.

“We’re already starting down...

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Amazon has its most profitable quarter ever, but growth is slowing
April 25, 2019

Amazon wants to continue its dominance over e-commerce, but it can only grow so much. In its first quarter earnings posted today, Amazon revealed record-high profit, more than double what investors predicted, and revenue was in line with Wall Street expectations, at $59.7 billion. But the company is again entering a period of high spending that, coupled with its slow revenue growth, may prove an obstacle down the line.

It’s clear Amazon is still an extremely profitable company, as the third most valuable corporation on the planet after Apple and Microsoft. But CEO Jeff Bezos is continuing to invest heavily in artificial intelligence, the smart home, and physical retail, bets that won’t pay off for quite some time. As a result, Amazon is...

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Podcast startup Luminary’s launch week keeps getting worse
April 25, 2019

Major creators are continuing to remove their shows from Luminary, the $100 million subscription podcast startup, over its business model, and even more are leaving after the company was exposed for using a proxy server that hides listener data from creators.

Joe Rogan’s popular show was pulled from the platform yesterday, and Barstool Sports CEO Erika Nardini said her network’s shows would be pulled, too. The New York Times was already withholding its blockbuster hit The Daily, and Gimlet Media, Anchor, and Parcast — which are all Spotify-owned companies — also didn’t make their shows available at launch.

Now, smaller creators, including Ben Thompson, Owen Williams, and Federico Viticci, are pulling their podcasts, too. Their withdrawal...

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BUSINESS • Report
Super Fan Wins 100 Years Of Football Tickets And Gets An Assist On His Taxes
April 26, 2019
What's the value of 100 years of NFL season tickets? And who pays the taxes? Here's what you need to know.
Made A Mistake On Your Tax Return? 15 Things You Need To Know
April 26, 2019
Make a mistake on your tax return? Here's what you need to know.


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BUSINESS • Insight
Five moves to make during a digital transformation
Surveyed executives confirm that digital transformations rarely achieve success. But in those that do lie the structural elements that may help organizations overcome the odds.
Business Perspective
HBR Presents: FOMO Sapiens with Patrick J. McGinnis
April 25, 2019
Patrick McGinnis, creator of the term FOMO, engages business leaders, entrepreneurs, politicians and more about the paths they’ve taken in life – and what they’ve let go of. In this episode, he speaks with Zola CEO Shan-Lyn Ma and Female Founders Fund co-founder Anu Duggal about how women are driving diversity in the start-up world. "FOMO Sapiens with Patrick J. McGinnis" is part of HBR Presents, a new network of business podcasts curated by HBR editors. For our full lineup of shows, search “HBR” on your favorite podcast app or visit hbr.org/podcasts.
Consumer Insights
The TV consumer journey in India
April 23, 2019
My previous post looked at the purchase triggers in India’s television sector as an example of the insights brands can get from our Consumer Journey module of the Consumer Insights Engine. In this post, we’ll look at how the solution can give brands accurate, actionable information about how and where consumers research and evaluate their…
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BUSINESS • Outlook
Tesla Posts Surprisingly Large $700 Million Net Loss for Q1 as Sales Fall 31%
April 24, 2019
CEO Elon Musk last year predicted quarterly profits in the future
Business Insight
The False Choice Between Business and Ethics
April 25, 2019
Should there be an imperative — moral or otherwise — to consider what’s fair when making a business transaction? Consider this situation — let’s call it Case A. You’re at a yard sale and pick up a violin. The tag says $50. Let’s imagine you actually know quite a bit about violins, and you know […]
Five Strategies for Investing in Your Career
April 24, 2019
Whether you are a long-tenured leader, a new manager, or an individual contributor with rising responsibilities, it’s always valuable to take stock of your career path and make investments for the future. These five strategies, sourced from research articles published by MIT Sloan Management Review, offer practical steps for motivated employees looking to stay ahead […]
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