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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Business

German retail suffers at start of crucial Christmas season

German retail suffers at start of crucial Christmas season

3 min read

The sector body said that a surge in coronavirus cases in Germany has led to a disappointing start to the Christmas season for retailers in Europe’s biggest economy. A survey by the HDE retail association showed that only 20% of 350 companies asked were satisfied with Christmas sales so far. November and December are normally...  Read more

Starbucks links with Amazon Go for first cashier-less cafe

Starbucks Partners with Amazon Go for first cashier-less cafe

3 min read

Starbucks Corp’s (SBUX.O) newest cafe lacks one element most customers are used to seeing: cashiers. On Thursday, the global coffee chain opened its first-ever location in partnership with Amazon Go (AMZN.O), the e-commerce giant’s brick-and-mortar convenience store, where customers can sit at a table with a latte or grab a sandwich from a shelf and walk out. Hit...  Read more

Nigeria launches eNaira amid hope, scepticism - and plenty of uncertainty

Nigeria Launches eNaira Amid Hope, Scepticism

2 min read

On Monday, LAGOS, Oct 25 (Reuters) – Nigeria became the initial African nation to start a digital currency – the eNaira – a move its heads said will expand the path to banking, facilitate more remittances, and even improve the economy by billions of dollars. In October, Africa’s most populated nation joins the Bahamas, the...  Read more

Tesla drives toward $1 trillion club on record Hertz order

Tesla Drives Toward $1 Trillion Club on Record Hertz Order

10 min read

On Monday, Oct 25 (Reuters) – Tesla Inc (TSLA.O) neared $1 trillion in market capitalization as the company founded by Elon Musk received its biggest-ever order — 100,000 electric rental cars for Hertz. Tesla shares were up 7.5% at $978, hitting a new record high Monday, following the order. Shares were also buoyed by news...  Read more

Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world

Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world

2 min read

Twitter co-creator Jack Dorsey weighed in on intensifying inflation in the U.S., saying situations are going to get considerably worse. “Hyperinflation is going to alter everything,” Dorsey tweeted Friday night. “It’s arriving.”The tweet comes with customer cost inflation running near a 30-year high in the U.S. and increasing concern that the difficulty could be worse...  Read more