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7-Eleven is the next retailer to test cashierless stores

TechCrunch | Sarah Perez | Feb 6, 2020 7-Eleven is the latest retailer to test the “cashierless” store concept, following Amazon’s big push into the market with its Amazon Go convenience stores that use technology, instead of people, to monitor stock levels, track purchases and process payments. This week, 7-Eleven announced it’s piloting its own

5 years ago

Foxconn, Chinese firms refit production lines to make masks amid virus outbreak

A number of Chinese manufacturers including a subsidiary of Apple Inc partner Foxconn have refitted production lines to make masks and medical clothing, as a deadly coronavirus spreads across China.



5 years ago

Fish talks: U.S. official says successful talks crucial for WTO

The United States said on Thursday it was pushing hard for the World Trade Organization to reach agreement on cutting fishing subsidies in coming months and viewed those talks as a test of whether the global body can still achieve multilateral deals.



5 years ago

Boeing's fraying 737 MAX suppliers see capacity crunch

Boeing Co suppliers are shedding jobs and capacity to cope with a halt in 737 MAX output, but while that staves off chaos, aerospace executives worry the industry might be unable to ramp factories quickly enough when the plane wins approval to fly again.



5 years ago

U.S. payroll gains seen picking up, benchmark revisions under spotlight

U.S. job growth likely picked up in January, with unseasonably mild temperatures seen boosting hiring in the weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.



5 years ago

Honda raises full-year operating profit forecast on weaker yen

Honda Motor Co raised its forecast for full-year operating profit by 6% as a weaker yen increased the value of overseas sales.



5 years ago

Credit Suisse CEO Tidjane Thiam quits after spying scandal

Credit Suisse said on Friday it had accepted Chief Executive Tidjane Thiam's resignation following a spying scandal. The Zurich-based bank said he would be replaced by Thomas Gottstein, the head of the bank's Swiss business.



5 years ago

Suzuki posts 11% fall in third-quarter profit, hit by slowing India demand

Suzuki Motor Corp reported on Friday an 11% fall in third-quarter operating profit to its lowest in roughly three years as vehicles sales in Japan, Pakistan and Thailand slipped, while demand in India, its biggest market, stayed weak.



5 years ago

Japanese telco SoftBank posts 15% rise in third-quarter profit, hikes full-year forecast

Japanese telco SoftBank Corp on Friday reported a 15% rise in third-quarter operating profit, beating estimates, underpinned by its mobile business.



5 years ago

Tesla's surge inspires fans to buy, skeptics to dig in, drives fear of missing out

Pretty much everyone on Wall Street has an opinion about Tesla.



5 years ago

From black swan to bubble: as virus concerns fade, investors worry about a melt-up

When worries over the coronavirus shook U.S. stocks out of a period of quiet trading last week, investors wondered if the outbreak was the “Black Swan” event that would trigger a sharp decline. Less than a week later, talk has turned instead to a market melt-up.



5 years ago

Credit Suisse CEO Thiam quits after spying scandal

Credit Suisse Chief Executive Tidjane Thiam has quit after losing a power struggle within Switzerland's second-biggest bank as it seeks to move past a widening spying scandal that has prompted ever-louder calls for changes in leadership.



5 years ago

Burberry says coronavirus hurting luxury demand

Burberry said on Friday the outbreak of coronavirus in China was hurting luxury demand in the mainland and Hong Kong, both important markets for the British brand.



5 years ago

Hong Kong Airlines to cut 400 jobs, ask employees to take unpaid leave: SCMP

Hong Kong Airlines will slash 400 jobs as the coronavirus outbreak adds to financial troubles for the carrier, the South China Morning Post reported on Friday, citing two sources familiar with the plan.



5 years ago

Honda raises profit forecast, sticks to Wuhan plant closure schedule

Honda Motor Co raised its forecast for full-year operating profit by 6% on Friday, with a weaker yen increasing the value of its overseas sales.



5 years ago