Economy

Westpac bank 'breached anti-money laundering laws'

Westpac bank 'breached anti-money laundering laws'

Brian Hartzer also dodged questions about his future at the bank in a teleconference with media on Wednesday. Australia's financial crime watchdog has accused Westpac bank of 23 million breaches of ...

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Emirates to get 30 Boeing 787 Dreamliners for $8.8 billion

Emirates to get 30 Boeing 787 Dreamliners for $8.8 billion

The crashes, in October of a year ago and March, raised questions about pilot training requirements and the plane's new technology, particularly an anti-stall software that pushed the planes' noses do...

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Mercedes-AMG GLE 63 S, GLS 63 are 600 HP family movers

Mercedes-AMG GLE 63 S, GLS 63 are 600 HP family movers

Made in Alabama, the 2021 Mercedes-Maybach GLS 600 will arrive in American showrooms by the end of 2020. The Mercedes-Maybach GLS 600 uses the classic Mercedes-Benz star atop the bonnet. The onboard...

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Salad products sold in Louisiana recalled due to possible E. coli contamination

Salad products sold in Louisiana recalled due to possible E. coli contamination

Outbreaks have only been reported in Indiana, Nebraska, and Wisconsin, but the berries came from distribution centers that ship to 11 states: Iowa, Illinois, Indiana, Kentucky, Michigan, Missouri, Min...

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British Airways says flights disrupted by ‘technical issue’

British Airways says flights disrupted by ‘technical issue’

In a statement, the airline said that its teams were "working hard" to resolve the issue, noting that it had rebooked customers onto alternative flights and offered them hotel accommodation. The air...

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SAA agrees deal to end eight-day strike

SAA agrees deal to end eight-day strike

That was a similar deal to the one offered before two of the unions launched a strike on November 15, making it a victory for SAA and government officials trying to curb steep financial losses at the ...

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US authorizes Microsoft, other companies to resume sales to Huawei

US authorizes Microsoft, other companies to resume sales to Huawei

But a bipartisan group of 15 senators urged the Commerce Department to suspend the issuing of licences, saying it could threaten USA security. A few weeks later, a group of Republican Senators said...

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GM will bring an electric truck to market in 2021

GM will bring an electric truck to market in 2021

The electric truck market is becoming more crowded. "I suspect price-wise there might be some similarities, but I think in terms of size and capabilities, there might be a difference", Phil Brook, t...

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Oil giant Saudi Aramco seeks $1.7 trillion valuation in IPO

Oil giant Saudi Aramco seeks $1.7 trillion valuation in IPO

An investor monitors a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia January 18, 2016. The valuation of between 30 riyals and 32 riyals ($8-$8.50)...

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Australia's Westpac faces huge fine for money-laundering breaches

Australia's Westpac faces huge fine for money-laundering breaches

Westpac said it had self-reported the breaches to AUSTRAC and had since shut down the service at the centre of the complaint which let customers and affiliate overseas banks process payments from Aus...

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Oil prices extend losses on supply, trade war fears

Oil prices extend losses on supply, trade war fears

West Texas Intermediate ( WTI ) crude futures rose 11 cents, or 0.2%, to $55.32 a barrel by 0252 GMT, after falling 4.3% during the previous two sessions. The long-running dispute has hit economic gr...

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Cabinet gives approval for disinvestment of 5 CPSEs including BPCL

Cabinet gives approval for disinvestment of 5 CPSEs including BPCL

Addressing the media after the Cabinet meeting, Finance Minister Nirmala Sitharaman said the Centre would strategically disinvest Bharat Petroleum Corporation Ltd ( BPCL ), Shipping Corporation of...

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Boeing to announce orders for dozens of 737 max at Dubai Airshow

Boeing to announce orders for dozens of 737 max at Dubai Airshow

Air Astana, which operates Airbus and Embraer jets in its main network, said it was confident in Boeing's ability to resolve problems with the MAX. Boeing has been investigating why the crashes ...

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Reveal Meet The Totally Redesigned 2020 Nissan Sentra

Reveal Meet The Totally Redesigned 2020 Nissan Sentra

For its part, Nissan has chose to take the risk of making some immediately obvious changes to the all-new 2020 Sentra, giving the sedan not only a bolder design but also a more powerful engine and lot...

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Huawei plays down impact of new U.S. license extension

Huawei plays down impact of new U.S. license extension

Commerce added another batch of Huawei overseas affiliates to the Entity List in August. In a statement responding to the USA decision, Huawei said: "Extending the temporary general licence won'...

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Aurora Cannabis (NYSE:ACB) Shares Gap Down After Analyst Downgrade

Aurora Cannabis (NYSE:ACB) Shares Gap Down After Analyst Downgrade

Shares sending its shares more than 19% higher in trading in Canada and in the United States. Perhaps, it is one of the most important indicators, because it is used in the technical analysis of the...

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CN Rail strike and lack of trucking alternatives stoke forestry industry fears

CN Rail strike and lack of trucking alternatives stoke forestry industry fears

McDavid, the father of two, has been working as a CN Rail conductor for just under nine years and been the local union representative for the past three, having moved into the position following his f...

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Construction Starts at New Apple Campus in Austin

Construction Starts at New Apple Campus in Austin

Cook, who has a strong relationship with Trump, has sought relief for Apple from the United States tariffs, which are part of a months-long tit-for-tat trade war between the world's largest economie...

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Aston Martin launches first SUV, hopeful of a turnaround

Aston Martin launches first SUV, hopeful of a turnaround

This new SUV is said to be the "culmination of an extensive development programme" that started as far back as 2015. British carmaker Aston Martin unveiled its first-at any time sports activities ut...

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Toyota RAV4 Prime Debuts Plug-In Power And Impressive Range

Toyota RAV4 Prime Debuts Plug-In Power And Impressive Range

Those 302 horses also make the Prime quicker than any previous RAV4, its 5.8-second sprint to 96 kilometres an hour (60 mph) in true hot-rod territory. The RAV4 Prime will be offered exclusively in sp...

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GM sues Fiat Chrysler, alleges corruption undermined its deals with union

GM sues Fiat Chrysler, alleges corruption undermined its deals with union

When GM rejected a merger bid from FCA , the lawsuit alleges Marchionne conspired to negotiate a new four-year contract "designed, through the power of pattern bargaining, to cost GM billions". Feder...

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Airtel Joins Vodafone to Say It Will Raise Mobile Tariffs From December

Airtel Joins Vodafone to Say It Will Raise Mobile Tariffs From December

After introducing an interconnect usage charge (IUC) last month, the Mukesh Ambani-led company has reportedly now made a decision to hike its tariffs for both its phone call and internet services. "Ac...

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Nigerian based fintech startup OPay attracts $120M from Chinese investors

Nigerian based fintech startup OPay attracts $120M from Chinese investors

Series B investors included Meituan-Dianping, GaoRong, Source Code Capital , Softbank Asia, BAI, Redpoint, IDG Capital, Sequoia China and GSR Ventures. "That's not something you do every day". They...

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Chick-fil-A ending donations to 3 groups that oppose gay marriage

Chick-fil-A ending donations to 3 groups that oppose gay marriage

After years of protests from LGBTQ groups, Chick-fil-A is saying it will stop donating to some Christian organizations who are against the community. The foundation previously had multiyear partners...

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EasyJet cuts growth plan as European economies weigh on fares

EasyJet cuts growth plan as European economies weigh on fares

Carbon offset schemes allow the largest polluters who exceed permitted emissions levels to fund projects that reduce carbon dioxide in order to balance out their emissions. EasyJet's shift into packa...

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About 3,000 CN Rail unionized workers threaten national strike on November 19

About 3,000 CN Rail unionized workers threaten national strike on November 19

Finally, TheStreet lowered shares of Canadian Pacific Railway from a b+ rating to a c rating in a report on Tuesday, July 16th. The firm has "Buy" rating by Credit Suisse given on Friday, October 11. ...

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Westpac Group (ASX:WBC) see the start of civil proceedings by AUSTRAC

Westpac Group (ASX:WBC) see the start of civil proceedings by AUSTRAC

Austrac accuses Westpac, the country's second largest bank, of "serious and systemic non-compliance". Westpac says it self-reported the failure to report a large number of global funds transfer inst...

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Karma SC2 Vision concept, Revero GTS unveiled

Karma SC2 Vision concept, Revero GTS unveiled

This futuristic-looking hypercar is all-electric and supposedly gives a preview of where the California-based automaker's designs are heading in the future. Long-range radars, cameras, and FMCW lidar ...

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More than 3,000 Canadian National Railway rail workers on strike, union says

More than 3,000 Canadian National Railway rail workers on strike, union says

In a letter posted to social media Tuesday, and dated November 18, Saskatchewan ministers asked the federal government to "act expediently", stressing the harmful impacts a labour disruption could hav...

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Newport Mall Announces Thanksgiving, Black Friday Hours | Hudson

Newport Mall Announces Thanksgiving, Black Friday Hours | Hudson

Yes, that means right now, and there are some truly insane deals out there like $128 Sony wireless noise cancelling headphones , a huge blowout sale on Apple gear , and $60 PlayStation Plus 12-mon...

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Trump and Fed president had an 'unannounced' meeting

Trump and Fed president had an 'unannounced' meeting

Trump has been highly critical of the central bank and its chair. A month later, Trump said Powell had "no guts" after he announced the central bank would reduce interest rates by a quarter point...

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HP declines Xerox's $45.6 billion offer to buy the company

HP declines Xerox's $45.6 billion offer to buy the company

As part of a letter sent to John Visentin, Xerox CEO and vice chairman, HP's board also added that the company has "great confidence in our strategy and our ability to execute to continue driving su...

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Emirates signs order for 50 Airbus A350

Emirates signs order for 50 Airbus A350

The Airbus order, announced at a hastily-convened news conference after last-minute negotiations, will be used to help re-shape the Emirates fleet as the airline adjusts to a slowing regional market a...

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Black Eyed Peas star accuses Qantas attendant of racism

Black Eyed Peas star accuses Qantas attendant of racism

The airline initially said over the weekend that it would be "following up with will.i.am and wish him well for the rest of the tour". He then named the flight attendant in a tweet and said she "was...

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Lawsuit: Burger King fake meat prep violates vegan rights

Lawsuit: Burger King fake meat prep violates vegan rights

The suit seek damages for all U.S. purchasers of the Impossible Whooper and an injunction that would require the burger giant to disclose that the plant-based burgers are cooked on the same grills as ...

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