Purplebricks boss exits as online estate agent scales back expansion

Purplebricks boss exits as online estate agent scales back expansion

Purplebricks has ousted its chief executive and said it would pull out of Australia and scale back its US business after the online estate agency admitted it had expanded too quickly. It is understood Michael Bruce, who founded the company in 2012 with his …
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Trump's China Gambit May Really Be About the Fed

So says my Bloomberg News colleague Shelly Hagan, who has been tracking a new survey from UBS AG. Following the first-quarter rebound in the
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AMD claims its Frontier supercomputer will hit 1.5 exaflops, making it the world's fastest

AMD today announced that it will partner with Cray to build Frontier, a supercomputer capable of “exascale” performance — one that can complete at least a quintillion floating point computations (“flops”) per second, where a flop equals two 15-digit numbers …
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Domino's has slice taken out for poor sales abroad

The City lost its taste for Domino’s Pizza on Tuesday as the firm admitted its international business won’t break even this year. Same-store sales for the past quarter fell 2% to £25.1 million in countries including Switzerland, Iceland, Norway and Sweden, which …
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China's FX Reserves Snap Five-Month Increase With Small Decline

The reading fell short of the median estimate of $3.1 trillion in a Bloomberg survey of economists; A stronger dollar and higher U.S. long-term Treasury
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