Economy

Wall Street higher on Apple-led rally in technology shares

Wall Street higher on Apple-led rally in technology shares

USA stocks turned red on Tuesday after the ISM manufacturing index for September came in at its weakest level in a decade. The analyst added: "Equities escaped from September without suffering too m...

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Update for Scottish Rugby fans on Thomas Cook packages

Update for Scottish Rugby fans on Thomas Cook packages

The Financial Reporting Council said on Tuesday it had launched an investigation into EY's auditing of Thomas Cook's last set of results for the 12 months to September 2018. Debt-plagued Thomas Coo...

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UPS wins first United States approval for 'drone airline'

UPS wins first United States approval for 'drone airline'

And it said that flight, using a Matternet M2 quadcopter, was flown under a government exemption allowing for a "beyond visual line of sight" (BVLOS) operation, which, it said, marks a first in the US...

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Aussie surf brand Rip Curl sold to Kathmandu in $350 million deal

Aussie surf brand Rip Curl sold to Kathmandu in $350 million deal

Founded in 1969 and still headquartered in Torquay, Victoria - Rip Curl celebrates its 50th anniversary this year at a time when surfing and the surf market is on the rise again. More details to com...

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Airline catering truck goes berserk, nearly slams into plane in viral video

Airline catering truck goes berserk, nearly slams into plane in viral video

The scene of the unusual incident captivated passengers sitting in a number of planes at Chicago's O'Hare International. Trump inserting himself into the viral discourse quickly led people to make c...

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TD Ameritrade matches Schwab's stock deal in Wall St. free-for-all

TD Ameritrade matches Schwab's stock deal in Wall St. free-for-all

Thomas Peterffy, chairman of Interactive Brokers , saw his fortune decline by about $1.6 billion after the firm's shares slid 9.4% in NY trading. Just last week Interactive Brokers said it would off...

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UK factories start stockpiling again before new Brexit deadline - PMI

UK factories start stockpiling again before new Brexit deadline - PMI

The overall index reading was the lowest since 2009. Worldwide think tank IHS Markit released a report on Tuesday saying operating conditions in the manufacturing sector of the region continued ...

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Updated Toyota C-HR brings new hybrid engine, added kit

Updated Toyota C-HR brings new hybrid engine, added kit

For the intended market of the C-HR, that's a big step forward, as a lack of smartphone integration was big downer for the vehicle. Supersonic Red and Hot Lava (orange) are new for 2020 and pair with ...

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UAW strike forces GM to close Mexican pickup truck factory

On Tuesday, a parts shortage from the strike forced the company to close pickup truck and transmission factories in Silao, Mexico, idling 6,000 workers and taking an important revenue source for GM. A...

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IKEA recalls baby bibs over choking hazard fears

The company is asking customers to stop using the recalled bibs immediately and to return the product to the company to get a replacement bib or a full refund. The MATVRÅ children's bib, Blue/Red 2-pa...

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S.Korea sees deflation for first time

S.Korea sees deflation for first time

Still, the latest indicator adds to pressure on the central bank to cut interest rates as the economy muddles through an array of downside risks. "South Korea is a price taker, meaning it's vulnerab...

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Australia cuts interest rate to record low

Australia cuts interest rate to record low

And the cuts are expected to keep coming from Reserve Bank governor Philip Lowe, with another reduction predicted this year and again at the beginning of 2020. "The rebound in housing conditions shoul...

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United States labour judge rules that Tesla broke labour law

United States labour judge rules that Tesla broke labour law

The electric-car maker illegally threatened and retaliated against employees, according to Amita Baman Tracy, an administrative law judge in California. Two of the main pillars of the National Labor R...

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Ford forms JV with Mahindra for India business

Ford forms JV with Mahindra for India business

Ford Motor Co. said it will transfer most of its operations in India to Mahindra & Mahindra Ltd.as part of a joint venture with the Indian auto maker, the latest example of auto makers pooling reso...

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Elizabeth Warren Responds After Mark Zuckerberg Labels Her 'Existential' Threat

Elizabeth Warren Responds After Mark Zuckerberg Labels Her 'Existential' Threat

It has also come under fire for failing to prevent Russian interference in the 2016 USA presidential election. It's like, we care about our country, and want to work with our government and do good th...

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Apple Must Pay Tariffs on 5 Mac Pro Components

Things could have been worse as President Trump initially declared that Apple will absolutely get no relief. Toward the end of September, Apple then announced that the redesigned Mac Pro would be ...

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The iPhone 11's Deep Fusion camera feature arrives today in developer beta

The iPhone 11's Deep Fusion camera feature arrives today in developer beta

Geskin previously offered some renders of the iPhone 12, but in his latest images, the notch has completely disappeared and the rear camera housing is the same as the iPhone 11 Pro models, rather th...

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Aurora Cannabis (TSE:ACB) PT Lowered to C$14.00

Aurora Cannabis (TSE:ACB) PT Lowered to C$14.00

The average true range (ATR) is a measure of volatility introduced by Welles Wilder in his book, "New Concepts in Technical Trading Systems". ( ACB ), we can see that Span A is now below Span B. Tre...

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Decoupling would harm both sides: China on US delisting threat

Decoupling would harm both sides: China on US delisting threat

The transfer can be a part of a broader effort to restrict US funding in Chinese language corporations, two sources briefed on the matter informed Reuters final week, in what can be a radical escala...

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SEC Orders Blockchain Company To Pay $24 Million Penalty For Unregistered ICO

SEC Orders Blockchain Company To Pay $24 Million Penalty For Unregistered ICO

Block.one raised the equivalent of billions of dollars but failed to register its ICO as a securities offering in agreement with the USA federal securities laws, "nor did it qualify for or seek an exe...

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Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors

Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors

On Thursday, RBI extended relaxations to PMC account holders to withdraw Rs 10,000. The action was necessitated as in case of PMC Bank , the small depositors constitute around two-thirds of its d...

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Oil prices climb as positive China factory data eases demand concerns

Oil prices climb as positive China factory data eases demand concerns

Brent has averaged $64.72 a barrel so far this year, while WTI has averaged $58.13. U.S. West Texas Intermediate (WTI) crude CLc1 futures were 35 cents or 0.63 per cent lower at $55.56 a barrel. T...

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Petrol and diesel prices should not be increased in Budget - AA Ireland

Petrol and diesel prices should not be increased in Budget - AA Ireland

Kerosene price was also not changed and it would be sold at Rs99.57 per litre. Super will be available for QR1.85 per litre, five dirhams more than September price of QR 1.80. In global market, afte...

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RBA leaves open options for even lower rates - Westpac

RBA leaves open options for even lower rates - Westpac

In his statement on Tuesday, RBA Governor Philip Lowe said the board chose to cut again in an attempt to eat into persistent labour market slack amid signs employment growth is likely to slow from...

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Fashion Chain Forever 21 Files For Bankruptcy, Likely to Shut 178 stores

Fashion Chain Forever 21 Files For Bankruptcy, Likely to Shut 178 stores

Many have blamed the bankruptcy on not only the fact that Forever 21 grew too large but also that consumers began to think that the quality its clothing deteriorated over time . The company emplo...

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China’s Communist Party shows military might in 70th anniversary parade

China’s Communist Party shows military might in 70th anniversary parade

At the head of the march, politicians including veteran campaigners Albert Ho and Lee Cheuk-yan carried a banner that read "End dictatorship, return power to the people". Hong Kong's government held a...

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Russia rolls out the red carpet for Huawei over 5G

Russia rolls out the red carpet for Huawei over 5G

This means that Huawei can only produce around 5,000 base stations each month during that period, though it will be able to produce 600,000 5G base stations this year and up to 1.5 million next year, ...

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Tesla's V10 Smart Summon Is Perfect for Halloween

Tesla's V10 Smart Summon Is Perfect for Halloween

The feature seems like one small step for the California automaker, but it's one giant leap for car-kind: Smart Summon is the first piece of tech to apparently allowing a vehicle to drive to its own...

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China markets to test risk of most extreme United States threat yet

China markets to test risk of most extreme United States threat yet

Over a day after news of the discussions were first reported by Bloomberg, Treasury spokeswoman Monica Crowley released a statement saying: "The administration is not contemplating blocking Chinese co...

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China Sept manufacturing unit exercise shrinks for fifth month- official PMI

China Sept manufacturing unit exercise shrinks for fifth month- official PMI

China's manufacturing activity index warmed up in September as a raft of policy measures that increased support for the real economy kicked in, buoying up the business sentiment. China 's official non...

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CVS Health stops selling Zantac

CVS Health stops selling Zantac

Health authorities advise that patients taking the drug should consult with a doctor who can prescribe alternatives to ranitidine. According to the recall, these products may contain low levels of N...

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Wall Street drops; White House considers delisting Chinese companies

Wall Street drops; White House considers delisting Chinese companies

The move would be part of a broader effort to limit USA investment in Chinese companies, sources told Reuters . High-level trade talks between Washington and Beijing are scheduled for next month be...

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Turns out Tesla police cars run out of 'gas' mid-chase, too

Turns out Tesla police cars run out of 'gas' mid-chase, too

Officers from Fremont Police had been chasing a suspect along the highway of the Californian city, reaching speeds of up to 120mph. "This one instance does not in any way change our feeling regardin...

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Forever 21: Fashion retailer files for Chapter 11 bankruptcy

Forever 21: Fashion retailer files for Chapter 11 bankruptcy

The company said it would focus on maximising the value of its U.S. stores and shutter certain worldwide locations. "Essentially this allows Forever 21 to continue to operate its stores as usual, ...

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Cross-country flight diverted after passenger gets stuck in bathroom

Cross-country flight diverted after passenger gets stuck in bathroom

In a video posted to Twitter from an account that is now private, staff can be seen attempting to free the passenger from his involuntary seat change. "The plane erupted in applause", Wagner tweete...

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