The Winter Olympics problem—nobody wants them
Beijing landed the 2022 Winter Olympics, which highlights a bigger problem—cities don’t think it’s worth the cost.
Hurricane Katrina-like typhoon may hit Taiwan
Typhoon Soudelor could land a direct hit on the Taiwanese capital of Taipei with the same force as 2005’s devastating Hurricane Katrina, NBC reports.
ITV shares hit by US media sell-off
The FTSE 100 edges lower, and shares in ITV fall following the sell-off in US media stocks in the past couple of days.
Brazil inflation hits 12-year high
Inflation in Brazil hits a 12-year high of 9.56%, largely because of rising electricity prices, official figures show.
The luxury car line banning haggling at dealerships
Lexus, Toyota’s luxury brand, is introducing negotiation-free dealerships according to the Detroit Free Press.
Fed gets no excuse in July jobs data: Economists
The solid jobs growth for last month gives the Fed little reason not to hike rates, market watchers tell CNBC.
Why firms miss out on 1/4 of world’s customers
Businesses may be missing out by not capitalizing on the growing Islamic population and offering more halal products.
Billionaire and Spain in tussle over Picasso painting
A Picasso painting is at the center of a dispute between a billionaire and the Spanish government, the Financial Times reports.
Apple spends this much to keep Tim Cook safe
It can get pricey protecting a internationally famous tech CEO, Patently Apple reports.
UK trade deficit widens in June
The UK trade deficit in goods and services almost doubled in June to £1.6bn, from £885m the previous month, the Office for National Statistics says.