Business News


Panasonic Invests $60m in Laundry Robot

When a Japanese startup unveiled the world’s first robot that folds laundry some critics called it ‘ridiculous, frivolous, and a waste of engineering talent’. But electronics giant Panasonic thinks otherwise, and has invested $60m (£49m)…


Facebook to Buy Back $6 billion in Stock

Facebook is buying back up to $6 billion of its stock from shareholders, the company announced in a SEC filing on Friday. The board of directors of Facebook has authorized a share buyback of up to…


Jimmy Choo Revenue Grows

Luxury retailer Jimmy Choo reported revenue growth for the second half on Friday and said it was on track to deliver full-year underlying profits in line with expectations. Many luxury brands are complaining that the…



Dollar Hits 14-year High

The U.S. dollar index touched a near 14-year high on Wednesday, while oil prices fell in a volatile session as traders were caught between a build in U.S. stockpiles and the chance of an agreement…