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End of an era: BlackBerry will stop making its own phones

blackberry

It’s the end of an era for BlackBerry. The company, famous for making cellphones with physical keyboards that were once so popular people nicknamed them Crackberries, has decided to stop making its own devices. BlackBerry said on Wednesday that it will rely on partners to manufacture the phones, which will still have BlackBerry’s look and feel. The company announced a ...

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South African Airlines marks one year of Accra-Washington flights [photos]

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The South African Airlines (SAA) has celebrated one year of its non- stop travel between Ghana and the United States. The SAA, launched the Accra Washington route on August 2, to among other things strengthen SAA’s presence in West Africa. The event was attended by  the South African  High Commissioner  to Ghana, H.E Lulu Xingwana,  the  Country Director for  South ...

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U.S:Self-driving taxi trial kicks off in Singapore

DRIVE

Self-driving cars and taxis are the buzz of the industry. Everyone seems to be doing it, trying grab headlines with every step forward or new trial phase. But the real deal always seemed to be still years in the future. Now, here in Singapore, you can in fact hop into a driverless taxi and go for a ride. And it’s ...

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U.S:Schooled in the short run, central banks struggle with a long-term role

Federal Reserve Chair Janet Yellen attends a news conference after chairing the second day of a two-day meeting of the Federal Open Market Committee to set interest rates in Washington, DC, U.S. on June 17, 2015.  REUTERS/Carlos Barria/File Photo

Schooled in economic thinking that confines monetary policy to the short run, central bankers gathering in Jackson Hole, Wyoming, are grappling with a singular change: whether they can take over as guardians of long-term growth with programs that may stay in place and influence markets for decades to come. The debate, being carried out in technical research and policy forums ...

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U.S:Men’s sales march Jimmy Choo higher

jimmychoo

Designer shoe brand Jimmy Choo has seen higher revenues, partly because of increasing sales of men’s designs. Men’s shoes are the fastest-growing sector for the brand, representing 8% of global revenue. The company also said in its half-year report that the weakness of the pound since the Brexit vote had also helped boost the company’s figures. Revenues hit £173m, up ...

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U.S. banking regulators focused on cyber security after SWIFT attacks

The Swift bank logo is pictured in this photo illustration taken April 26, 2016.    REUTERS/Carlo Allegri/File Photo

U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators also said the U.S. Treasury Department’s Office of the Comptroller of ...

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U.S:Central bankers eye public spending to plug $1 trillion investment gap

U.S. Federal Reserve Chair Janet Yellen speaks during a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, DC, U.S. on March 16, 2016.  REUTERS/Kevin Lamarque/File Photo

While markets wait for Janet Yellen’s latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the U.S. economy needs more public spending to shift into higher gear. In the past few weeks, Yellen and three of the Fed’s other four Washington-based governors have called in speeches and Congressional hearings ...

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U.S. inflation tame despite economy gaining momentum

Customers shop at the Staples store in Manhattan, New York, U.S., August 15, 2016. REUTERS/Eduardo Munoz  - RTX2L3JJ

U.S. consumer prices were unchanged in July but a rise in industrial output and home building suggested a pickup in economic activity that could allow the Federal Reserve to raise interest rates this year. Tuesday’s economic reports came as influential New York Fed President William Dudley said the U.S. central bank could raise interest rates next month, citing a tightening ...

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US economic data tests market confidence

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(Close): US markets were mixed on Friday as data on retail spending and producer prices raised questions about the buoyancy of the economy. The Dow Jones was down 37.05 points to 18576.47, while the wider S&P 500 was 1.74 points lower at 2184.05. The tech-based Nasdaq climbed 4.5 points to 5232.89. US retail sales in July came in at $457.7bn, ...

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Delta Airlines to cancel over 100 flights today

Some expectant passengers of Delta Airlines

Delta Airlines says it expects more than 100 flight cancellations today [Tuesday] morning as it continues to recover its operations following a loss of power Monday, August 8, 2016. In addition, the airline company says it anticipates roughly 200 delays affecting morning departures. Delta however says these numbers could grow overnight as it works to reset the operation and get ...

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