Economy

Retail inflation hits eight-month high in June

Retail inflation hits eight-month high in June

India's retail inflation for June came in at an eight-month high at 3.18 percent from 3.05 percent in May, on the back of an increase in prices of pulse. The combination of low growth and low inflat...

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Facebook will reportedly be fined a record $5 billion over privacy mishaps

Facebook will reportedly be fined a record $5 billion over privacy mishaps

According to Bloomberg , the settlement was approved by a 3-2 vote and is the largest privacy fine in the FTC's history. Facebook has earmarked 3 billion dollars for a potential fine and said i...

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Deutsche Bank to spend €13bn on tech amid massive job cuts

Deutsche Bank to spend €13bn on tech amid massive job cuts

The equities business is focused largely in NY and London . Deutsche Bank is reportedly in meetings with its Australian staff to discuss how the firm's global downsizing plan will affect local op...

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Trump warns Facebook over its plan to create a digital currency

Trump warns Facebook over its plan to create a digital currency

There are major concerns by House Democrats, and now President Trump, that officially asked Facebook to hold its Libra layout plans as it should be investigated for its possible risks to the entir...

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Ford, Volkswagen to broaden global alliance

Ford, Volkswagen to broaden global alliance

The move deepens a global alliance aimed at slashing development and manufacturing costs. Neither company will hold a stake in the other. The two carmakers will remain independent and competitive in t...

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Fed Chair Powell signals USA interest rate hike

Fed Chair Powell signals USA interest rate hike

Some businesses, particularly in manufacturing, have pulled back on spending and hiring because of greater uncertainty about US trade disputes, Fed officials said, according to minutes of the June 18-...

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AT&T makes it harder for spam callers to reach you

AT&T makes it harder for spam callers to reach you

The service will be available on all new lines and added to existing lines in the coming months. For customers who are exhausted of these calls and don't want to wait to get access to the new blocki...

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Charming Charlie closing all 261 stores, including Monroe location

Charming Charlie closing all 261 stores, including Monroe location

As of Thursday, the store's website is unable to take orders. The company employs more than 3,300 people, including 856 full-time employees, Chief Financial Officer Alvaro E. It also faulted the impac...

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Ocasio-Cortez suggests eliminating Department of Homeland Security

Ocasio-Cortez suggests eliminating Department of Homeland Security

The aide later deleted the tweet but posted other tweets saying the moderates' actions - in this case, to pass a compromise border spending bill - "still enable a racist system". After her dressin...

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China fails to buy agricultural goods as promised

China fails to buy agricultural goods as promised

President Donald Trump on Thursday accused China of "letting us down" by not promptly buying more USA farm products. "Having said that, we have a very strong - I want to underscore this - a very str...

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Federal Reserve chairman signals cut in USA interest rates

Federal Reserve chairman signals cut in USA interest rates

Rising prices for housing, used cars and medical care helped drive USA consumer inflation higher last month despite flat or falling costs for food and fuel, the government reported Thursday. Powell ha...

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Norwegian Air boss checks out after 17 years

Norwegian Air boss checks out after 17 years

Norwegian Air's charismatic boss is stepping down after 17 years as the troubled airline warned the grounding of Boeing's 737 Max planes will hit profits . Shares in Norwegian Air were down 5.4% at 1...

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American Eagle Outfitters To Start Selling CBD-infused Products

American Eagle Outfitters To Start Selling CBD-infused Products

The weighted alpha measures how much the stock has increased or decreased over the period of one full year. The Price Index 12m for American Eagle Outfitters, Inc . As a group, analysts predict that ...

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European Union lowers eurozone 2020 growth forecast

European Union lowers eurozone 2020 growth forecast

In its latest Summer Economic Forecasts, the European Commission lowered the 2020 GDP growth forecasts for Eurozone , in the face of uncertainty over the United States trade policy. The commiss...

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A Telstra Outage Has Caused Huge Technical Issues Across the Nation

A Westpac spokesperson told Business Insider Australia that the bank is also facing outages of its ATM and Eftpos services, saying the issue is known to be affecting the Sydney metropolitan area, pa...

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7-Eleven Gives Away Free Slurpees On 7/11

7-Eleven Gives Away Free Slurpees On 7/11

This coupon will be redeemable for the next 30 days, and it would allow you to get a free Slurpee of any size and flavor for free . Thursday is July 11, which also mean it's 7-Eleven Day. You c...

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Apple looks to make India its export hub

Apple looks to make India its export hub

Another investor note - this time by Credit Suisse - also reveals that Apple's screen suppliers are actively working on displays without a notch. As per a report by 9to5Mac, Kuo has said that "at le...

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At least 35 injured from turbulence on Air Canada flight

At least 35 injured from turbulence on Air Canada flight

The plane initially took off from Toronto and made a scheduled stopover in Vancouver Wednesday night, before taking off for Sydney, Australia. The plane found itself experiencing extreme turbulence ov...

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Japan refuses to retract new export rules on S Korea

Japan refuses to retract new export rules on S Korea

On Japan's claim that it implemented the measure as there had been an inappropriate case on the South Korean side, Paik said that this could not be a reason for the action in light of WTO rules. It ...

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United Kingdom returns to growth in May but 'storm clouds gathering'

United Kingdom returns to growth in May but 'storm clouds gathering'

However, analysts remain gloomy about the outlook for the economy in the second quarter, which runs from April to June. Meanwhile, exports of United Kingdom goods increased by 0.8% over the three-mo...

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Passengers pray after Delta jet loses engine

Passengers pray after Delta jet loses engine

She praised the actions of the crew, saying they "did an wonderful job in staying and keeping us all calm, while preparing us for an emergency landing". "They kept everyone calm", said another passeng...

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Presenting Bentley's Most Daring Concept Ever: The EXP 100 GT

Presenting Bentley's Most Daring Concept Ever: The EXP 100 GT

With a top speed of 300km/h, the EXP 100 GT is quick. Bentley designs its human-focused concept auto from the inside out, creating an extravagant interior dressed in superlative sustainables, in...

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Starbucks Canada to release new 'Tie-Dye Frappuccino' July 10

Starbucks Canada to release new 'Tie-Dye Frappuccino' July 10

That means if you want to get your hands on the seasonal sipper, you better get to your local Starbucks ASAP. If you long for the days of Starbucks' short-lived Unicorn Frappuccino, you're in lu...

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USA to probe French plan to tax tech companies

USA to probe French plan to tax tech companies

Companies such as Alphabet Inc's Google , Apple Inc, Facebook Inc and Amazon .com Inc would likely be subject to the tax . The tax could lead to trade penalties from Washington as President ...

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New Zealand plans BEV subsidies & Carbon dioxide tariffs

New Zealand plans BEV subsidies & Carbon dioxide tariffs

It would come into force in 2021. With cars being responsible for the majority of climate pollution, most New Zealanders would want to buy a auto that was better for the environment, Ms Genter told ...

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Trump and Xi talked by phone on Tuesday, no details reported

Trump and Xi talked by phone on Tuesday, no details reported

The phone call between the two sides Tuesday was the first confirmed contact since Xi and President Donald Trump met last month and agreed to resume talks. "We've had a change in atmospherics", said D...

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CAD Drops as Bank of Canada Flags Concerns Over Trade Wars

CAD Drops as Bank of Canada Flags Concerns Over Trade Wars

The BoC's forecast for economic growth in 2020 was cut to 1.9 per cent from 2.1 per cent. Canada's key interest rate has remained steady at 1.75 per cent since October 2018. "Trade conflicts between...

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Volkswagen Beetle goes out of production

Volkswagen Beetle goes out of production

The company is gearing up for mass production of the battery-driven compact ID.3, a vehicle that the company predicts will have an impact like that of the Beetle and the Golf by bringing electric mobi...

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Hamburger and hot dog buns recalled over possible 'hard plastic' in products

Hamburger and hot dog buns recalled over possible 'hard plastic' in products

Consumption of these products could pose as a choking hazard. The buns were sold in eight-count and 12-count packages under brands like Wonder, Nature's Own, Publix, Market Pantry (Target), Great Va...

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Futures slip ahead of Powell's testimony

Futures slip ahead of Powell's testimony

The S&P 500 index briefly traded over 3,000 for the first time. Mr Powell, giving evidence to a hearing in Washington, has come under pressure from Donald Trump to cut rates. At the moment, the ec...

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London's Gatwick airport suspends flights due to air traffic control problem

London's Gatwick airport suspends flights due to air traffic control problem

The airport said it had experienced a problem with its air traffic control systems. The European air safety organization Eurocontrol , however, nearly simultaneously issued a tweet stating that bo...

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Deutsche Bank to lay off over 20 equities & sales staff in India

Deutsche Bank to lay off over 20 equities & sales staff in India

The German investor persists that its most recent changeover attempt which discards 18,000 jobs and spectacularly contracts its investment bank will place the company on the route to reconcilable prof...

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EasyJet plane crashes at Amsterdam Airport Schiphzl - ‘Shuddering sound’

Another passenger said on Twitter they were lodged in the KLM plane. "The flight to London Gatwick will now be operated by another aircraft, currently on its way to Amsterdam ", it said. One pa...

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No-deal Brexit 'could put 40,000 jobs at risk' in NI

No-deal Brexit 'could put 40,000 jobs at risk' in NI

Mr Coveney said on Tuesday that checks on animals and food would not take place on the border itself or close to it but he would not say whether such checks would be carried out in factories or farms....

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Powell Signals That Rate Cut Could Be Coming Soon

Powell Signals That Rate Cut Could Be Coming Soon

Uncertainty about trade frictions and global growth continues to weigh on the USA economic outlook, Federal Reserve Chair Jerome Powell said Wednesday, keeping the door open to an interest rate cu...

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