Economy

Self-driving truck startup TuSimple raises additional $120 mln

Self-driving truck startup TuSimple raises additional $120 mln

According to reports, the round was led by Chinese tech firm Sina along with new participants like Mando Corporation and CDH investment, and old investor and logistics giant UPS . UPS and TuSimple ...

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‘Defies reality and common sense’, Apple on $14 billion EU tax order

‘Defies reality and common sense’, Apple on $14 billion EU tax order

As reported by Reuters , Apple will be sending a group of legal experts and Chief Financial Officer, Luca Maestri, to attend a two-day court hearing in Luxembourg. "In Apple's case, almost all of...

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We Have a FedEx Earnings Story for You

We Have a FedEx Earnings Story for You

Investors' mounting frustration underscored FedEx's inability to keep up with even its own weakening expectations. In addition to economic headwinds, FedEx is walking away from most business with Ama...

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£4bn Cobham takeover faces national security probe

£4bn Cobham takeover faces national security probe

British Secretary of State for Business, Energy and Industrial Strategy Andrea Leadsom's move yesterday is not unusual where there are potential security concerns and follows British government interv...

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California governor signs law making gig workers employees

California governor signs law making gig workers employees

The companies say the new law could force them to implement work shifts, a move that would eliminate the flexibility that workers enjoy. "While I personally disagree with this delay, I'm willing to ...

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Tesla Model 3 Is Now #1 Selling Car In The Netherlands

Tesla Model 3 Is Now #1 Selling Car In The Netherlands

Indeed, Tesla 3 has completed a Herculean task and looking at the features we can say, rightly so. Tesla's Model 3 premium/performance sedan has earned the Insurance Institute for Highway Safe...

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Petrol, Diesel Prices Hiked In India After Crude Oil’s Record Surge

Petrol, Diesel Prices Hiked In India After Crude Oil’s Record Surge

Brent crude initially jumped 19 per cent and then appeared to settle up about 13 per cent, or US$8 a barrel, in the immediate aftermath of the attacks on the world's largest oil processing facility ...

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Local deals for National Cheeseburger Day

Local deals for National Cheeseburger Day

For one day only on September 18, the Super Cheesy burger will return at participating locations. Forget the fancy stuff . On Sept. 18 , get a plant-based Beyond Burger (with or without cheese) ...

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Pendragon swings to first-half loss, to cut 300 jobs

Pendragon swings to first-half loss, to cut 300 jobs

Pendragon , whose other brands are Stratstone and Evans Halshaw , said it would close 22 of 34 Car Store branches and a preparation centre in Stoke with the loss of about 300 jobs. Pendragon , Brit...

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Exxon Mobil seeks to sell is Australian Bass Strait oil, gas assets

Exxon Mobil seeks to sell is Australian Bass Strait oil, gas assets

The US conglomerate, which holds a 50 per cent stake in the Gippsland Basin Joint Venture through Esso Australia, told AAP it was "testing market interest" for its operated producing assets in Austral...

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Trump Opts for Sanctions Over Strikes in Response to Iran

Trump Opts for Sanctions Over Strikes in Response to Iran

Hours later, Trump struck a different tone, saying that he didn't want war with Iran. The Saudi oil installation attack Saturday has further heightened Mideast tensions. Vice-President Mike Pence ...

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Australia's Budget Returns To Balance For First Time Since 2008, Says Treasurer

Australia's Budget Returns To Balance For First Time Since 2008, Says Treasurer

The deficit of A$690 million represented 0.0 percent of gross domestic product. Real GDP grew by 1.9%, which was softer than the 3% forecast at budget time, but nominal GDP - which underpins the bud...

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August Housing, Single-Family Starts Show Solid Gains

August Housing, Single-Family Starts Show Solid Gains

Last month, the Commerce Department reported that July saw the largest monthly drop in new-homes sales since 2013, with new-home sales falling by 12.8 percent, a bigger decline than economists had ant...

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Stocks close little changed on doubts about further rate cuts CNBC

Stocks close little changed on doubts about further rate cuts CNBC

The Federal Open Market Committee (FOMC) concludes its September policy meeting today, with the Fed widely expected to announce another rate cut later this evening. The Fed's quarterly economic fore...

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See the 2020 Honda CR-V Hybrid: New efficient crossover SUV revealed

See the 2020 Honda CR-V Hybrid: New efficient crossover SUV revealed

Nonhybrid 2020 CR-V models will go on sale this fall, with hybrid versions arriving at the beginning of next year. This is not Honda's first foray into electric autos in the Hoosier state. Honda ...

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Tim Hortons Is Phasing Out Beyond Meat Products In Canada

Tim Hortons Is Phasing Out Beyond Meat Products In Canada

Beyond Meat's shares plummeted, falling as much as seven per cent on Wednesday in NY trading, wiping off some US$565 million in stock value for the El Segundo, Calif. Tim Hortons introduced the Beyon...

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Saudis lay out evidence of Iranian involvement in oil refinery attack

Saudis lay out evidence of Iranian involvement in oil refinery attack

Relations between U.S. and Iran have deteriorated since President Donald Trump pulled out of the Iran nuclear accord past year and reimposed sanctions on its oil exports. Mideast ally. The attac...

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New York Fed steps into market to move interest rates

Wall Street is still penciling in one or two more reductions by December, according to the FedWatch tracker. "I think Powell is going to have a hard time managing the committee and a hard time manag...

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EU's $14 billion tax sanction 'defies reality, common sense'- Apple

EU's $14 billion tax sanction 'defies reality, common sense'- Apple

The commission's "conclusion.is wrong", he added at the start of two days of hearings. "The commission's decision is fundamentally flawed", its lawyer Paul Gallagher told the court. It is clear that...

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United Kingdom inflation rate falls to lowest since 2016 on clothes

Consumer prices rose 1.7% in August from a year earlier, down from 2.1% in July and well below the Bank of England's 2% target, Office for National Statistics figures published Wednesday show. Avera...

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Britain's biggest mining project in the balance as Sirius bond aborted

Britain's biggest mining project in the balance as Sirius bond aborted

Sirius shares have now dropped 83% this year, giving the company a market value of about $310 million. Sirius Minerals had already paused the issuance of the bond in August, but on Tuesday blamed ...

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Trade deal with China in the offing: Donald Trump

Trade deal with China in the offing: Donald Trump

The US and China have been locked in an escalating trade war since early 2018, raising import tariffs on each other's goods. Speaking to reporters aboard Air Force One as he traveled from New Mexi...

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US factory output rises more than forecast in broad advance

US factory output rises more than forecast in broad advance

Although the numbers suggest that USA manufacturing is coming back, analysts believe that trade tensions and a global economic slowdown could decrease the figures. Clothing and paper production also d...

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Jo Swinson: ‘We can win, we must win’

Jo Swinson: ‘We can win, we must win’

There was the expected "Stop Brexit " rhetoric as she reaffirmed her party's policy of scrapping Article 50 the moment they get into power. On Tuesday, the 39-year-old Scot who became the party's f...

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Wi-Fi 6 Launches Officially for the Next Generation of Wi-Fi

Wi-Fi 6 Launches Officially for the Next Generation of Wi-Fi

Here's a quick look at the first products officially designated with the Wi-Fi 6 certification. As noted by The Verge, in order to maximize the benefits of the new technology needs first, a WiFi 6...

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Donald Trump: U.S. would tap into Strategic Petroleum Reserve 'if needed'

Donald Trump: U.S. would tap into Strategic Petroleum Reserve 'if needed'

Earlier estimates had suggested it could take weeks. Oil prices surged by as much as 19% before coming off peaks. The intraday jump was the biggest since the 1991 Gulf War. Hasnain Malik, head of eq...

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Tests show synthetic marijuana sold as CBD in California

Tests show synthetic marijuana sold as CBD in California

The Associated Press reporters purchased the products legally and had them sent to the lab for testing. Lab testing showed two of them contained synthetic marijuana. Hemp Authority industry group tol...

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JP Morgan traders charged with manipulating precious metals market

JP Morgan traders charged with manipulating precious metals market

Authorities said in the thousands of sequences, the employees "placed deceptive orders for gold, silver, platinum and palladium futures contracts traded on the New York Mercantile Exchange Inc and C...

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Dow gains on talk of trade easing

Dow gains on talk of trade easing

Shares of Google parent Alphabet Inc rose 1.2% after Google reached a $1.1 billion settlement with French authorities to resolve a fiscal fraud probe, and following a legal victory over German publish...

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Workers march outside Wentzville GM plant as strike begins

Workers march outside Wentzville GM plant as strike begins

Those workers represent 33 manufacturing sites and 22 parts warehouses across the country, including the GM Powertrain plants in Toledo and Defiance. "The picket lines are being set up". The union, he...

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Saudi Aramco tells clients oil loading has resumed following attack

Saudi Aramco tells clients oil loading has resumed following attack

Satellite image from Planet Labs Inc. shows thick black smoke rising from Saudi Aramco's Abqaiq oil processing facility in Buqyaq, Saudi Arabia , September 14, 2019. Most of that output goes to...

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How will Saudi Arabia respond to attacks on oil facilities? | Inside Stor

How will Saudi Arabia respond to attacks on oil facilities? | Inside Stor

Oil surged along with the yen and Treasury futures after a strike on the heart of Saudi Arabia's oil production increased geopolitical risk concern. The Islamic Republic's Revolutionary Guard says i...

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Oil prices spike after attack on Saudi facility

Oil prices spike after attack on Saudi facility

These questions about the Saudi lack of air defense are particularly pointed because Saudi Arabia is the third largest military spender on the planet, behind only the U.S. He said Iran "abides by ...

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China crude steel production grows 9.3% YoY in Aug: NBS

China crude steel production grows 9.3% YoY in Aug: NBS

China is in the midst of a more-than-a-year-long trade war with the USA that has upended global supply chains. After Beijing hit back with retaliatory tariffs, Trump said existing levies would also...

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Georgia kicks off National Child Passenger Safety Week

Georgia kicks off National Child Passenger Safety Week

In addition, children under 13 were involved in a traffic crash every 32 seconds in 2017. "As parents and caregivers, we have a long list of things we do for our children to show our love". A new in...

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