Economy

Supreme leader of Iran purges 'corrupt' bankers

Supreme leader of Iran purges 'corrupt' bankers

The restrictive measures had been lifted under the historic Joint Comprehensive Plan of Action (JCPOA), but Washington unilaterally withdrew from the landmark deal despite worldwide condemnation, incl...

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Doug Field Returns to Apple from Tesla for Project Titan

Doug Field Returns to Apple from Tesla for Project Titan

Last year, he was put in charge of the electric automaker's aggressive drive to ramp up production of the Model 3 . He previously worked at the firm on engineering Apple's Mac computers, alongsid...

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Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout

Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout

On Tuesday he tweeted that he had secured funding to buy all Tesla shares and take the company private. Musk said the company will be taken private at $420 per share. The discussions failed to p...

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Turkey takes action in bid to curb currency crisis

Turkey takes action in bid to curb currency crisis

The MSCI world equity index, which tracks shares in 47 countries, was down 0.5 per cent on Monday and 1.6 per cent since Friday's open as the Turkish lira plunged to a record low, forcing the countr...

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Ticketmaster is shutting down Seatwave

Ticketmaster, one of the most popular websites to buy tickets to events, says that it has taken the action to help exploited fans. Keith English, Managing Director of Ticketmaster Ireland, said: "Cl...

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Family Of Airport Worker Who Crashed Plane 'Shocked, Devastated'

Family Of Airport Worker Who Crashed Plane 'Shocked, Devastated'

The 29-year-old was "kind and gentle to each person he met", his family said in a statement Saturday night. They said that is death has been a "complete shock" and the family said their faith is...

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Indian rupee hits new record low of 18.93 vs dirham

Indian rupee hits new record low of 18.93 vs dirham

However, the rupee retreated from its record lows after the central bank intervened to support it and halt a sharp fall, dealers said. On Friday, the rupee had lost 15 paise to end at 68.83 against ...

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UK urged to stand with United States against Iran by Woody Johnson

UK urged to stand with United States against Iran by Woody Johnson

Woody Johnson said that America's "closest ally" should reverse its position. USA ambassador to the United Kingdom, Robert Wood Johnson, wrote in the British paper the Sunday Telegraph , that "Ir...

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Saudi Arabia's sovereign wealth fund looking to take Tesla private

Saudi Arabia's sovereign wealth fund looking to take Tesla private

In one lawsuit, plaintiff Kalman Isaacs claims that Musk's tweets were intentionally misleading and created to " completely decimate " short sellers, or those who borrow potentially overpriced shares,...

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Lira extends retreat as Turkey heads toward a financial crisis

Lira extends retreat as Turkey heads toward a financial crisis

It said it would support steel and aluminium exporters on all global platforms, and the United States remained an important trade partner. His chief advisor and spokesperson Ibrahim Kalin pointed ...

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Canada adds more jobs than expected, analysts spot weaknesses

Canada adds more jobs than expected, analysts spot weaknesses

In Canada, the unemployment rate decreased by 0.2 per cent to 5.8 per cent. Data collected for the Labour Force Participation Survey showed Windsor's participation rate rose a tenth of a percentage ...

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Sea-Tac Airport Issues Statement After 'Suicidal Male' Crashes Plane

Sea-Tac Airport Issues Statement After 'Suicidal Male' Crashes Plane

He said he didn't see the crash but saw smoke. A Horizon Air ground service agent got into a Bombardier Q400 turboprop aircraft on Friday night in a maintenance area at Seattle-Tacoma International ...

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Fifty ICO Projects Already Seeking Licenses from Thai SEC

Fifty ICO Projects Already Seeking Licenses from Thai SEC

The Thailand Securities and Exchange Commission (SEC) has told local newspaper Bangkok Post that 50 ICO projects and 20 crypto exchanges have applied for licenses since Thailand introduced crypt...

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Area IKEA on track to open months ahead of schedule

Area IKEA on track to open months ahead of schedule

Many customers were seen enthusiastically checking the prices, taking pictures and comparing them with other online furniture stores. Even on a Friday, the store witnessed rush of people and the com...

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Turkey turmoil spills over to Wall St, shaves 200 pts off Dow

Turkey turmoil spills over to Wall St, shaves 200 pts off Dow

It is about half a percent away from the all-time high it hit on January 26. The technology sector has been at the center of a sharp recovery in US stocks since a market rout in February. Russia's d...

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Retail boost for economy but growth doubts linger

Retail boost for economy but growth doubts linger

Economic growth in the United Kingdom picked up in the three months to June as construction and services were lifted by the warmer weather. Gross domestic product - the value of all goods and servic...

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Poundworld could be saved by the Dublin retailing family

Poundworld could be saved by the Dublin retailing family

All Poundworld stores had been due to close tomorrow and this is understood to remain the case, with the Hendersons likely re-opening premises in the near future. His son, David Henderson, is involved...

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Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport

Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport

PCSD officials also said this is not a terrorist incident. Jeremy Kaelin said he worked with Russell, a ground service agent at Horizon Air, in 2016. They pursued the aircraft before it went down on...

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Robertson Opportunity Capital LLC Maintains Stake in Kinder Morgan INC Del (KMI)

Technical Analysis of Kinder Morgan, Inc . At the moment, stock is trading at $17.94 and moved 0.11%. It has underperformed by 30.75% the S&P500. This article presents updated analysis story and ...

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RMT suspends Saturday's South Western Railway strike

RMT suspends Saturday's South Western Railway strike

This means that South Western Railway will be running a full timetable of train services this coming Saturday, 11th August 2018. 'The rest of our planned action remains on and the union remains comm...

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Japan's economy returns to growth in Q2

Japan's economy returns to growth in Q2

According to Friday's data, private consumption - which accounts for some 60 per cent of Japan's GDP - rose 0.7 per cent, recovering from a 0.2-per cent decline in the first quarter. "The signs point ...

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CBA selected by World Bank to deliver first blockchain bond

CBA selected by World Bank to deliver first blockchain bond

The CBA will be the sole arranger of the bond which will be "created, allocated, transferred and managed using blockchain technology" according to the press release this week. The computing infrastr...

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Airline Worker Steals Aircraft, Crashes Near Seattle

Airline Worker Steals Aircraft, Crashes Near Seattle

Authorities described him as being suicidal, adding that the incident is not related to terrorism. Sheriff Paul Pastor said on Twitter it was not a terrorist incident and the plane had been stolen b...

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Seattle mechanic opens up to control tower before 'suicidal' crash

An air traffic controller called the man "Rich", and tried to convince him to land the airplane. He described him as a white male, age 29, who may have mental health problems. NBC reported that the ...

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Mexico says working hard with U.S. on new NAFTA auto rules

Mexico says working hard with U.S. on new NAFTA auto rules

Gregg Doud, the chief USA agriculture negotiator, contrasted the Canadian stance with what he suggested was smooth sailing in talks with Mexico, according to agriculture-media coverage of a speech h...

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Execs: Company Boosted by Foxtel Purchase, Digital Growth in Q4

Execs: Company Boosted by Foxtel Purchase, Digital Growth in Q4

News Corp. shares sank nearly 11 percent to $13.63 in NY, their biggest drop since the company split from Murdoch's 21st Century Fox Inc.in June 2013, after being down 5.9 percent this year through Th...

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United Kingdom house prices edged up in July - RICS survey

United Kingdom house prices edged up in July - RICS survey

A net balance of 64 per cent of local surveyors expect to see an increase in the number of houses sold over the next three months, while a net balance of 58 per cent expect a rise in activity over the...

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BC government announces changes to how ICBC will calculate premiums

Utilities Commission, they would come into effect in September 2019. The province and ICBC are proposing big changes to the way insurance premiums are determined. Around 80 per cent of drivers are...

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More Than 400 Sickened In McDonald's Salad Outbreak

More Than 400 Sickened In McDonald's Salad Outbreak

Last week, the US Food and Drug Administration issued a statement confirming 395 illnesses. At least 20 people have been hospitalized, and no deaths have been reported. Connecticut, Tennessee and Vi...

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Lawsuit: Nike Accused of Gender Discrimination by Ex-Female Employees

Lawsuit: Nike Accused of Gender Discrimination by Ex-Female Employees

Hence they scored lower on group projects, and received fewer benefits, all amounting to less equity within the company, even in instances where their credentials matched those of their male counterpa...

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Crocs shoe company are closing down all of their factories

Crocs shoe company are closing down all of their factories

In an August 8 investors presentation, the Niwot, Colo. -based company said it would outsource all production and close down 160 stores to bring the total number of outlets to 400. This follows news e...

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Crocs to outsource manufacturing of clogs, other footwear

Crocs to outsource manufacturing of clogs, other footwear

The release did not indicate a specific reason for Teffners departure. The company announced the outsourcing of additional manufacturing and the closure of a distribution facility in Mexico while ...

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US, Mexico NAFTA negotiators to resume talks next week - minister

US, Mexico NAFTA negotiators to resume talks next week - minister

He described the newly elected Mexican president as "an absolute gentleman". "And then the idea will be can we get a big trade deal prior to [Donald Trump's] next election" in 2020, Farley said. "We'r...

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Tesla seeking wide investment pool for its take-private plan

Tesla seeking wide investment pool for its take-private plan

Musk doesn't like this because being public, as he puts it, "subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter,...

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Crypto Market Hits Its Lowest for 2018

Crypto Market Hits Its Lowest for 2018

A publicly traded Bitcoin fund, better known as the Bitcoin ETF (Exchange Traded Fund), continues to be considered by the cryptocurrency community as a "holy grail" for reversing the trend and ret...

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