Tellus Business News Updates

  • How Trump Transfers Wealth to Kin Without Paying TaxesHow Trump Transfers Wealth to Kin Without Paying Taxes
    This story was co-published with The Real Deal. In April 2016, as Donald Trump was on the cusp of clinching the Republican nomination for the White House, he sold two luxury condos near Manhattan’s Central Park for less than half the price his company had said they were worth. The lucky buyer: Trump’s son, Eric. […]
  • Ford Names New CEO to Head Troubled Car CompanyFord Names New CEO to Head Troubled Car Company
    RepublishReprint Ford Executive Chairman Bill Ford, unhappy with the auto-maker’s slipping market share and declining share prices, has named James Hackett, 62,  to replace current CEO Mark Fields, 56, as part of of a company-wide shakeup designed to streamline decision making and improve operating efficiency. The move reflects growing unhappiness with the company’s financial performance […]
  • Markets React Positively to Emmanuel Macron VictoryMarkets React Positively to Emmanuel Macron Victory
    There has been a collective sigh of relief on the markets following Emmanuel Macron’s victory in the French presidential election. The euro hit a six-month high against the dollar on Monday and Asian shares gained. The single European currency rose to as high as $1.1024, its highest in about six months, before stepping back to […]
  • Chinese Economy Surges 6.9 %  in 1st Quarter of ’17Chinese Economy Surges 6.9 % in 1st Quarter of ’17
    Beijing (dpa) – China’s economy grew 6.9 per cent in the first quarter of 2017, a government bureau said Monday. China’s gross domestic product (GDP) was 18.07 trillion yuan (2.63 trillion dollars) in the first quarter of 2017, the National Bureau of Statistics said. China Premier Li Keqiang in March announced a growth target for […]
  • Trump Cash: President Can Draw Unreported Funds from Business DealsTrump Cash: President Can Draw Unreported Funds from Business Deals
    When President Donald Trump placed his businesses in a trust upon entering the White House, he put his sons in charge and claimed to distance himself from his sprawling empire. “I hope at the end of eight years I’ll come back and say, ‘Oh you did a good job,’” Trump said at a Jan. 11 […]
  • Sears Reveals ‘Substantial’ Doubts About FutureSears Reveals ‘Substantial’ Doubts About Future
    {Reuters} Sears Holdings, once the largest U.S. retailer, warned on Tuesday about its ability to continue as a going concern after years of losses and declining sales. “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” Sears said in the annual report for the fiscal […]
  • Uber CEO Pledges to ‘Grow Up’Uber CEO Pledges to ‘Grow Up’
    RepublishReprint Uber Chief Executive Travis Kalanick has apologized, saying he admits he needs “leadership help,” after a video showed him berating one of the company’s drivers. The dashcam video obtained by Bloomberg News and released Tuesday shows Kalanick arguing with driver Fawzi Kamel over Uber’s fares, which Kamel complained were too low. “I lost $97,000 […]
  • Bill Gates Worries New Nationalism Could Hurt PlanetBill Gates Worries New Nationalism Could Hurt Planet
    The evolution of Bill Gates has seen the Microsoft cofounder master both technology and philanthropy. Now he just may need to conquer diplomacy. For the first time since creating the Bill & Melinda Gates Foundation in 2000, the billionaire and his foundation co-chair wife find themselves in the role of convincing governments that funding global health initiatives is […]
  • Apple Looking to Make iPhones in IndiaApple Looking to Make iPhones in India
    President Trump wants U.S. companies to bring manufacturing jobs back home. Apple seems to have other ideas. Apple executives met with Indian government officials on Wednesday to discuss a plan to make iPhones in the southern city of Bangalore, a person familiar with the talks told CNNMoney. India’s commerce ministry confirmed that the meeting took […]
  • Europe’s Debt Crisis Widens InequalityEurope’s Debt Crisis Widens Inequality
    Europe’s debt crisis has hit the poor harder than the rich and has caused inequalities to widen, according to the European Central Bank. Between 2010 and 2014, net household wealth fell by about 10 per cent across the eurozone, but the steepest declines were suffered by those with fewer assets and more debt, the bank […]


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