Business

Burberry profit falls 21 pct ahead of new CEO arrival

Burberry profit falls 21 pct ahead of new CEO arrival

In what the British business called a year of "transition" the group said it had hit cost savings of £20m over the past 12 months. Analysts were expecting the company to report adjusted pretax profit of 460 million pounds, according to a company-supplied consensus.


Decades After Bofors, Indian Army Gets First Artillery Guns From US

Decades After Bofors, Indian Army Gets First Artillery Guns From US

The guns will now be taken to Pokharan in Rajasthan for user trials. India and the U.S. had signed a almost Rs 5,000-crore deal for 145 M777 ultra-light howitzers on November 30 past year, breaking the Bofors jinx. After these two guns, three M777 guns will come to India in September 2018 and used for training. The BAE Systems sposkesperson explained to IBTimes India that of the 145 howitzers India has ordered, 25 would be made in the United States, while the rest would be assembled ...



Ex-FBI boss Robert Mueller to head Trump-Russia inquiry

He extolled Coast Guard duties ranging from interdiction of drug smuggling to patrols of the inner-coastal waterways. "It's a very, very special place". "And the people understand what I'm doing, and that's the most important thing". Trump will be making his first overseas trip as president - he leaves on Friday - when three of the other academies hold their ceremonies.



Snap stock plunges in USA following earnings report

Snap's shares tumbled 23 percent in after-hours trading on Wednesday to wipe some $6 billion from its market value, a humbling reversal for the company after its red-hot March initial public offering, the biggest for a U.S. This concept was popularized by Snapchat. He was asked whether Facebook's surprising (or not so surprising one, as Facebook is known to have tried to acquire Snapchat ) intervention into their territory scares him or not.



Intel sharing at heart of US, Europe talks on laptop ban

Reuters reported last week that the Trump administration would likely expand a ban on laptops on commercial aircraft to include some European countries but was reviewing how to ensure lithium batteries stored in holds do not explode in midair, citing officials briefed on the matter.



US Added 211000 Jobs in April; Unemployment at 4.4 Percent

That is Canada's lowest jobless rate since 2008. According to data released by the Labour Department on Friday, the total nonfarm payroll employment increased by 211,000 in April, beyond market expectation of 185,000. But StatsCan also reports wage growth stalled to its weakest in more than two decades. In part, that reflects America's aging population, as older people exit the workforce.