Business

Jeff Bezos and Ex-Wife MacKenzie Announce Divorce Settlement Terms

MacKenzie Bezos retains 4 per cent of Amazon, or about 19.7 million shares worth about $US35.7 billion, the company said in a filing , making her the world's fourth-richest woman, according to data compiled by Bloomberg . It means more than you know. "MacKenzie most of all", Bezos tweeted. "In all our work together, MacKenzie's abilities have been on full display", he added.

Business

Mexico to maintain position of prudence, friendship with USA: president

Mexican officials warn of another caravan of 20,000 migrants preparing to shoot north, hoping to take advantage of the lax enforcement in both Mexico and lenient policies in the U.S. That closure could disrupt a large amount of trade - $137 billion just in food imports, NBC News reports. Mexican President Andres Manuel Lopez Obrador said on Tuesday that the country's economy will grow "at least" 2 percent this year, projecting a larger expansion than a government estimate issued just a ...

Business

Supreme Court rejects RBI's circular on resolution of stressed assets

In case of non-implementation, lenders were required to file an insolvency application. "In view of the enactment of the Insolvency and Bankruptcy Code (IBC), 2016, it has been chose to substitute the existing guidelines with a harmonised and simplified generic framework for the resolution of stressed assets", the RBI said in a notification.

Business

‘UK deadlock makes no-deal Brexit more likely,’ says EU’s Michel Barnier

Al Jazeera's Neave Barker - reporting from outside 10 Downing Street, May's official residence - said senior ministers had been in talks for nearly seven hours. But Montgomeryshire Tory MP Glyn Davies said the approach was "sensible". As for the 17.4 million people who voted to leave the European Union, they're not sure what Brexit should look like either, but it's clear that Parliament is not delivering what was imagined almost three years ago.

Business

Whole Foods to cut prices by 20% on select items

Soon after acquiring the grocer, Amazon introduced a preliminary round of price cuts , part of a bid to change the perception of the high-end grocer nicknamed "Whole Paycheck". Amazon said customers can expect more than 300 Prime member deals on popular seasonal items in the next few months. Despite this effort, a bombshellWall Street Journal report in February found that Whole Foods prices were actually climbing, something the retailer blamed on increasing inflation.

Business

PM’s Brexit Deal "Head And Shoulders" Above The Rest, Education Secretary Says

It would lead to tariffs imposed on trade between Britain and the European Union, customs checks that could cause gridlock at ports and which could spark shortages of essential goods. However, it would also cause a schism in the Conservative Party, sparking the potential resignation of pro-Brexit government ministers. A plan for a second referendum was also narrowly defeated by 280 to 292.


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