Thursday, 28th, 2024 | 11:31AM Updated

Amazon's Prime Now delivery service
Four Drivers Sue Amazon for Cheating Them, as Contractors Rather Than Employees

Four former drivers of Amazon's Prime Now are suing the retailer for cheating them of their wages while overusing them, and then turning back to treat them as independent contractors rather than employees.

A logo of Target Corporation.
Target Offers Free US Shipping For $25 Minimum Order; Partners with Borderfree

In order to ramp up sales and increase revenue this holiday season, Target Corp is offering free shipping within the US for minimum online orders of $25, and it has partnered with Borderfree Inc to ship products to over 200 countries.

The Ministry of Education estimates that the educational training services industry in China was worth around 960 billion yuan by 2012.
The Growing Demand for After-school Care Services in China

After-school care is growing increasingly popular in China, as evidenced by a commentary published by China Daily. Wife and mother Liu Weifeng shared her take on after-school care agencies and the increasing demand for it in the country.

iPad sales performance is expected to continue to dwindle.
As iPad Sales Fall, Apple Manufacturing Plant Shuts Down

Due to falling iPad sales, Taiwan-based Coretronic Corp. has shut down one of its mainland factories that manufacture panels for U.S. tech powerhouse Apple Inc.

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In China, online shopping complaints and disputes rose sharply in 2014.
China to Boost Consumption and Services, to Quadruple Express Delivery Market

In an effort to boost China's consumption and services, the government is eyeing to quadruple the express delivery market by 2020, targeting its annual revenue at 800 billion yuan.

New Deutsche Bank Co-Chairman John Cryan Holds First Press Conference
35,000 Deutsche Bank Workers To Lose Jobs Over Next 2 Years After German Lender Reports $6.6B Loss In Q3

The third quarter of 2015 was a bad year for Deutsche Bank as the German lender reported on Thursday losses of $6.6 billion. However, the impact of the huge financial losses would go beyond this year.

McDonald's demanding for rights under NLRB
McDonald’s Spends Over $1 Million to Produce 160,000 Documents Over Labor Ruling

Considering that the National Labor Relations Board (NLRB) won a subpoena to throw out documents submitted by McDonald's over a court ruling that it is a joint employer of franchise workers, the fast food company revealed through its lawyers that it has spent over $1 million in "producing over 160,000 pages of documents in response" to the subpoena.

Sepp Blatter
Coca-Cola, McDonald’s, Visa, Budweiser Threaten to Cut Sponsorship to FIFA If Reforms Not Met

Coca-Cola, McDonald's, Budweiser, and Visa among other major sponsors of FIFA have threatened to cut sponsorships if the football governing body refuses to resolve the ongoing leadership crisis rocking the association.

Three Chinese firms are vying to take over the operation of Starwood Hotels & Resorts Worldwide Inc. in a move seen as the biggest takeover of a U.S. firm.
Three Chinese Firms Competing for Takeover of US Hotel Chain Operator Starwood

Three Chinese companies are set to bid for Starwood Hotels & Resorts Worldwide Inc., which operates the Sheraton, Westin and W hotel chains, believed to be the biggest ever Chinese takeover of a United States company, the China Daily reported.

Toyota’s president, Akio Toyoda
Toyota Goes Against Japanese Tradition; Turns To German Supplier for Auto Technology

Japanese leading automaker Toyota Motor sometime this year released a brand of Corolla car that featured spare parts made by a German supplier, a development that many traditional suppliers within the Japanese auto parts network - keiretsu, found slight shocking.

Tesla CEO Elon Musk said he is confident that their China operations can be at par with that of U.S.
Tesla to Launch Production in China, Posts Strongest EV Sales in 2015

Tesla has posted a quarter-high sales performance this year. For the third quarter, the firm has sold a total of 1,345 units.

China's central bank has recently trimmed down rates yet again.
Central Bank Says Recent Rate Cuts ‘Reasonable and Necessary’

China's central bank clarified on Monday that their recent move to cut interest rates and reserve requirement ratio (RRR) are "reasonable and necessary," not an attempt at quantitative easing.

A cockroach in a steamed bun and two aphids from a vinegar container as captured by two separate customers in two different branches of Qingfeng.
Watch What You Eat: Qingfeng Outlets Undergo Food Safety Check

Two Beijing-based outlets of Qingfeng Steamed Bun chain of restaurants stopped their operations and underwent food security check. All other outlets were placed under safety check after two customers dining separately in two different outlets posted online a picture of a steamed bun with a cockroach on it and a vinegar containing two aphids.

The continuing decline in the value of the Chinese yuan has started to affect the larger public, including overseas travelers
Renminbi on Its Way to Becoming a Global Currency, Following U.S. Dollar’s Path

China's central bank has announced on Oct. 23 a cut in its benchmark interest rates and the amount of cash banks must maintain as part of measures aimed at boosting the country’s economy, the Want China Times reported.

Ma has used his political acumen before to help Alibaba Group Holding Ltd. become one of the world’s largest Internet companies.
Alibaba Beat Expectations with 32 Percent Growth

With analysts previously concerned that Alibaba's quarterly earnings would reflect the uncertain Chinese economy, Alibaba reported a 32 percent increase in revenue growth. However, gross merchandise volume is at a three-year low.

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