Facebook on Wednesday began letting businesses in the US or Canada post jobs and take applications from jobseekers, posing a challenge to Microsoft-owned LinkedIn. The platform’s users will be able to find help-wanted posts at business pages on Facebook or by looking in a new ‘Jobs’ bookmark on the leading social network’s mobile application. “Businesses and people already… Read More »
Already facing flak for its censorship policies, Facebook now wants its users to define what is “objectionable”, eventually empowering them to decide how much nudity and violence they are comfortable seeing, CEO Mark Zuckerberg said in a post. These policies help a user understand what type of sharing is allowed on Facebook and what type of content may… Read More »
Hanjin Shipping used to be one of the world’s top 10 shipping companies. But now, the final curtain has fallen. This Friday, the firm was declared bankrupt by a South Korean court after months of uncertainty. Hanjin’s collapse is the largest to hit the shipping sector and it sent shockwaves through the industry. What went wrong? For years,… Read More »
Germany insisted on Friday it was essential that the International Monetary Fund participate in Greece’s bailout programme after a German lawmaker in the European Parliament said IMF involvement was no longer crucial. “We have always said the participation of the IMF is indispensable,” a Finance Ministry spokeswoman told a regular government news conference. “We are hearing about the… Read More »
Allianz (ALVG.DE) played down talk of it making a major acquisition any time soon as its chief executive Oliver Baete said on Friday the German insurer could grow without deals. The Munich-based group said it would return up to 3 billion euros (£3 billion) to shareholders, but made clear this did not exclude the possibility of it being… Read More »
Retail sales slipped back unexpectedly in January, following on from December’s dip. Official figures, from the Office for National Statistics (ONS), showed retail sales volumes dropped by 0.3% compared with the previous month, well below the 0.9% rise expected. The ONS said the data indicated the first signs of a fall in the underlying trend since December 2013.… Read More »
U.S. food company Kraft Heinz Co has proposed a merger with $125 billion (£100 billion) Unilever in what would be one of the biggest deals ever, but the Anglo-Dutch consumer goods company has declined, Kraft said on Friday. A deal with Unilever, which had a market value of $125 billion before its shares spiked, would add Hellmann’s mayonnaise,… Read More »
Austria is to sue Airbus and the Eurofighter consortium over a 2 billion-euro (£1.7bn) deal to buy Typhoon warplanes. Its defence ministry said that following an investigation it believed Austria had been misled over the purchase price. It could sue the two companies for 1.1bn euros, it said. Airbus said the allegations had taken it by surprise and… Read More »
Nestle, which makes KitKats, Nescafe and Purina pet food, has said it will steepen its cost-cutting plan after unveiling disappointing results. Net profit for 2016 fell to 8.5bn Swiss francs (£6.78bn) from 9.1bn a year earlier. Analysts had expected 9.59bn francs’ worth of profit. Sluggish food inflation in most of its markets and easing demand in emerging markets… Read More »
Canada Goose, maker of Arctic coats costing as much as £900, has applied for a stock market listing in New York and Toronto. The company, part-owned by private equity firm Bain Capital, wants to pay off some of its debt, it says. It was founded in 1957 in Toronto and is known for its coyote fur-lined hooded jackets.… Read More »
