Google affiliate scraps plan for Toronto smart city project
Google said Thursday it is abandoning its smart-city development in Toronto and blamed unprecedented economic uncertainty. A unit of Google's parent company Alphabet had been proposing to turn a rundown part of Toronto's waterfront into a wired community, but... Read more >>
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UK economy forecast to shrink by most since 1706
The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic, before roaring back next year. Read more >>
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Neiman Marcus becomes 2nd major retailer to seek Chapter 11
Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain to do so and the second major retailer to be toppled by the coronavirus pandemic. The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy filing by J.Crew on Monday. Read more >>
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