Economy

Amazon plans nationwide job fairs to hire 30,000 workers

Amazon plans nationwide job fairs to hire 30,000 workers

Amazon is looking for all kinds of workers, from software engineers who can earn more than $100,000 a year, to warehouse staff paid at least $15 an hour to pack and ship online orders. "You'll get to ...

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Oil rises as new Saudi minister commits to output cuts

Oil rises as new Saudi minister commits to output cuts

Aramco is preparing to sell up to a 5% stake by 2020-2021, in what could be the world's biggest IPO. Al-Falih, who reportedly pushed back against the IPO, had been the face of OPEC diplomacy over th...

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Volkswagen unveils new logo ahead of Frankfurt motor show 2019

Volkswagen unveils new logo ahead of Frankfurt motor show 2019

Chief Executive Officer Herbert Diess has stressed the importance of reviving VW's weak market value to help bolster the company's case for acquisitions and partnerships. Charging rates will vary, but...

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China adds nearly 100 tonnes of gold to its reserves

China adds nearly 100 tonnes of gold to its reserves

The bullion reserves rose to 62.45 million troy ounces (2,141 tons) as of the end of last month, according to the latest data released by the People's Bank of China . Moreover, considering the fact t...

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13,000 stranded after French airline collapses

13,000 stranded after French airline collapses

Thousands of passengers of the French airline Aigle Azur have been stranded around the world for days after their planes were grounded due to bankruptcy. The French state, keen to drum up interest and...

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Monthly passenger vehicle sales log worst-ever drop in August

Monthly passenger vehicle sales log worst-ever drop in August

Truck and bus sales dropped 39%. In the two-wheeler segment, both scooter and motorcycle sales declined by a little more than 22 per cent YoY. Previously, the worst decline in the segment was regi...

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Trump promises report on his finances before election

Trump promises report on his finances before election

The JP Morgan report showed that Trump - or aides - have tweeted over 10,000 times from his account since his inauguration, with an uptick in the past year, becoming even more intense during the...

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Elliott invests $3.2B in AT&T, seeks changes

Elliott invests $3.2B in AT&T, seeks changes

AT&T shares climbed as much as 8pc as traders placed their bets for the battle to come. The letter quickly drew a tweet from President Trump, who opposed the Time Warner acquisition and has long s...

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Tesla Driver Falls Asleep On Busy Highway

Tesla Driver Falls Asleep On Busy Highway

While Massachusetts police said there was no law against falling asleep behind the wheel of a self-driving auto, Tesla does not consider its autopilot-equipped vehicles to be "self-driving". "Teslas...

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Associated British Foods weakens after holding outlook for flat EPS

Associated British Foods weakens after holding outlook for flat EPS

Associated British Foods ( ABF .L) said early on Monday that its full-year adjusted earnings per share were expected to be in line with last year, as "strong" profit performances at its grocery and bu...

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Google accused of tracking users online

Google accused of tracking users online

Google notes in its guidelines that the company does not accept any user information provided by the buyer, such as the cookie and user demographics. The petitioners say they want to trigger an arti...

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Hiring likely slowed in August as the US-China trade war raged

Hiring likely slowed in August as the US-China trade war raged

The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected. Nonfarm payrolls rose by 130,000, some 28,000 less than analysts expected and...

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Volkswagen e-Beetle debuts e-Up's updated drivetrain

Volkswagen e-Beetle debuts e-Up's updated drivetrain

It's an interesting twist on classic auto motoring, and a concept that could carry the hobby well into the future. The foundation for the electric conversion is the production powertrain from Volks...

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NY attorney general announces Facebook antitrust probe

NY attorney general announces Facebook antitrust probe

The multi-state coalition includes Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio and Tennessee, James said. Dozens of USA states are set to launch antitrust and privacy investigations into...

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China's digital currency will be like Facebook's Libra, says central bank official

China's digital currency will be like Facebook's Libra, says central bank official

China's central bank has had a group studying digital currencies since at least 2014, but their efforts seem to have come into focus in recent months. China's state-backed digital currency is nearly r...

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Recession risks rise for Germany as industrial orders plunge

Recession risks rise for Germany as industrial orders plunge

Within industry, the production of intermediate goods fell 0.7% and the production of capital goods dropped 1.2%. Germany's export-reliant economy is suffering from slower global growth and business...

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BoE foresees ‘less severe’ impact of no-deal Brexit

BoE foresees ‘less severe’ impact of no-deal Brexit

In remarks made to the Treasury Select Committee, Mark Carney, Governor of the central bank, said 75.0% of companies thought that they were as prepared for Brexit as they could be, with larger busines...

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American Airlines waves goodbye to its 80s workhorse

American Airlines waves goodbye to its 80s workhorse

Full of AvGeeks from all walks of life, from industry professionals to amateurs, the celebration for the Mad Dog was emotional for many. That process has been supported by IATA, a trade association of...

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In new blow, Boris Johnson's own brother quits government

In new blow, Boris Johnson's own brother quits government

Mr. Johnson has already lost one attempt to call an early election. Jo Johnson has announced he is quitting as an education minister and will step down from Parliament, saying he is "torn between ...

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Australia: Annual GDP growth at its lowest since the GFC - ANZ

Australia: Annual GDP growth at its lowest since the GFC - ANZ

The rising exports and falling imports will contribute an estimated 0.6 per cent to GDP growth when the June quarter figure is released on Wednesday. "With consumer spending still struggling to lift...

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China, US agree to resume trade talks next month

China, US agree to resume trade talks next month

Commerce Minister Zhong Shan, People's Bank of China Governor Yi Gang and Ning Jizhe, the deputy head of the economic planning commission, were also on the call, according to the commerce ministry sta...

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Boris Johnson's brother Jo quits politics over 'unresolvable tension'

Boris Johnson's brother Jo quits politics over 'unresolvable tension'

Conservative Party members of the upper house of parliament had tabled a series of amendments in an attempt to run down the clock on the delay bill and prevent it being passed before parliament is su...

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Rate cuts for new home loans to be passed on automatically

Rate cuts for new home loans to be passed on automatically

The RBI said banks were not satisfactorily transferring the cuts in policy rates. "Based on the consultations with stakeholders, it has now been chose to link all new floating rate personal or retai...

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China, US to hold trade talks early October

China, US to hold trade talks early October

The announcement followed a call earlier in the day between China's Vice Premier Liu He and US Trade Representative Robert Lighthizer and US Treasury Secretary Steven Mnuchin, the Ministry of Commerce...

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Sajid Javid’s fast-tracked spending review pledges a

Sajid Javid’s fast-tracked spending review pledges a "new economic era"

He said: "We are turning the page on austerity and beginning a new decade of renewal". Although there was no mention of the UK Shared Prosperity Fund, which is due to replace European Union regene...

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Oil prices recover some ground, but economic concerns weigh

Oil prices recover some ground, but economic concerns weigh

On Sunday, September 1, the USA imposed tariffs on Chinese goods, and China imposed tariffs on some US goods, although Beijing left most of the tariffs for the December round of new tariffs. Oil pri...

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Tesla's Model 3 interior (even the steering wheel) is now 100% leather

Tesla's Model 3 interior (even the steering wheel) is now 100% leather

Tesla developed Model 3 to be the world's first mass-market electric vehicle, a huge part of the company's push for sustainable energy. It was a wide-ranging - and at times weird - conversation,...

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Markets Right Now: Stocks open lower on Wall Street

Markets Right Now: Stocks open lower on Wall Street

Still in manufacturing news, the U.S. manufacturing sector unexpectedly slipped into contraction territory in August amid escalating trade tensions between the USA and China, according to the Institu...

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SEC warns of fraudulent Bitcoin page

SEC warns of fraudulent Bitcoin page

In another update , SEC has warned users of a fake Facebook page which claims to represent Bitcoin .Co and is allegedly providing Digital Asset Transaction services. This was a situation that again ...

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Hong Kong leader to withdraw loathed extradition bill

Hong Kong leader to withdraw loathed extradition bill

Carrie Lam , Hong Kong's embattled chief executive, will formally withdraw the controversial extradition bill that sparked months of tense protests that played out on an global stage. The Chinese go...

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Fastest Lamborghini Ever: Introducing the Hybrid V-12 Sian

Fastest Lamborghini Ever: Introducing the Hybrid V-12 Sian

The company says this is the first time in any low-voltage hybrid that a direct connection has been made between electric motor and wheels. A 48-volt e-motor delivers 34 hp. Located between the cockpi...

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US Factory Activity Contracted in August

US Factory Activity Contracted in August

The U.S. manufacturing sector has hit a snag, contracting for the first time in three years, raising fresh concerns about the health of the U.S. economy. Overall, inputs indicate (1) supply chains a...

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Rupee Closes At 9-Month Low Against Dollar: 10 Things To Know

Rupee Closes At 9-Month Low Against Dollar: 10 Things To Know

A private forecaster's PMI data showed the country's manufacturing sector activity declined to its 15-month low in August. "GDP data was lower than expected and was down for the fifth consecutive qu...

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Stocks down as markets react to new China tariffs, Brexit jitters

Stocks down as markets react to new China tariffs, Brexit jitters

On Sunday, the United States started charging 15% tax on about $112 billion of Chinese imports. China responded by charging tariffs of 10% and 5% on a list of USA goods. Declining issues outnumbered a...

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Argentina imposes currency controls to stem sharp drop in peso

Argentina imposes currency controls to stem sharp drop in peso

The central bank and the treasury on Sunday rolled out a series of restrictions for buying and transferring foreign currency overseas, as well as deadlines for converting dollar earnings from exports ...

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