Economy

Germany bans Uber services via rental cars

Germany bans Uber services via rental cars

A German court on Thursday barred Uber from offering rides through vehicle hire firms, saying it lacked a licence to do so, in the latest legal setback for the USA ride-hailing app. After a 2017 cou...

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Andrew Bailey: a safe pair of hands or out of touch?

Andrew Bailey: a safe pair of hands or out of touch?

According to the Bank of England , investors have pulled $5 billion out of Hong Kong, or 1.25% of the Asian financial hub's gross domestic product, due to the growing protests, the Financial Times ...

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What's next in the impeachment process for President Trump?

I am on my way to the United States House floor to impeach President Trump", she said as someone shouted, "woo!" in the background. The US Congress voted along partisan lines to adopt to articles of...

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Inflation stays at three-year low of 1.5% in November

Inflation stays at three-year low of 1.5% in November

Core inflation - seen as a better measure of underlying price pressure than the headline figure - increased 2.2 per cent, the highest reading since 2009, from 2.1 per cent in October. Meanwhile, the c...

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Pound extends losses as concern over no-deal Brexit increases

Pound extends losses as concern over no-deal Brexit increases

Prompted by fears the country's job market is deteriorating, two of the BoE's nine policymakers voted to cut borrowing costs for a second month in a row. "Consequently, the market is likely to conclud...

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Fed's Kaplan says U.S. central bank should stand pat in 2020

Fed's Kaplan says U.S. central bank should stand pat in 2020

Evans echoes the Fed's statement from last week, saying he's comfortable with the current target rate of 1.5% to 1.75% and doesn't expect any further changes. "That's a good position given what's go...

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BOJ maintains policy amid downside risks, remains upbeat despite economic weaknesses

BOJ maintains policy amid downside risks, remains upbeat despite economic weaknesses

But the central bank offered a slightly more downbeat view on factory output than it did two months ago, saying that it was weakening mainly due to the impact of natural disasters. The bank has reache...

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Canada predicts slower growth, deficit to climb in 2020

Canada predicts slower growth, deficit to climb in 2020

The deficit would peak at C$28.1 billion ($21.36 billion) in 2020-21, before falling to C$11.6 billion ($8.6 billion) in 2024-25. It's $12.6 billion higher than last year's $14 billion deficit. "Whe...

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Donald Trump seeks rapid exoneration in Senate after impeachment

Donald Trump seeks rapid exoneration in Senate after impeachment

The Democrat-led U.S. House of Representatives voted on Wednesday to impeach President Donald Trump for abuse of power and obstruction of Congress. On the Senate side, the top Republican and Democ...

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Elon Musk reveals that the Tesla Cyberquad will arrive in 2021

Elon Musk reveals that the Tesla Cyberquad will arrive in 2021

To this end, he made a decision to go much farther than just using Photoshop and built a rough 1:1 replica of the CBRTRK using his Ford F-150, plenty of cardboard, and sticky tape. Munro points out th...

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Land Rover swallows up Bowler

Land Rover swallows up Bowler

The company will be aligned with Jaguar Land Rover's own Special Vehicle Operations division alongside the SV, Classic, and Vehicle Personalisation parts of the business. Bought for an amount, Bowl...

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China announces new tariff exclusions for some US imports

China announces new tariff exclusions for some US imports

The exemption will be for one year and will end on December 25, 2020, the ministry said but did not provide the value of the imported goods excluded from duties. In addition to increasing agricultur...

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NCLAT restores Cyrus Mistry as Executive Chairman of Tata Group

NCLAT restores Cyrus Mistry as Executive Chairman of Tata Group

Mistry was suddenly and hastily removed without any reason and in the absence of any discussion in the board meeting, according to the NCLAT verdict. The tribunal also said the appointment of N Chand...

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Statistics Canada says annual pace of inflation climbs to 2.2 per cent

Statistics Canada says annual pace of inflation climbs to 2.2 per cent

Threadneedle Street's monetary policy committee was divided last month over whether to lower borrowing costs, with two of the nine-strong team voting for a 0.25% cut from the 0.75% base rate. The av...

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China's Nov industrial output growth beats expectations

China's Nov industrial output growth beats expectations

Industrial production increased 6.2 per cent on-year last month, up from 4.7 per cent in October and the best reading in six months. Japanese construction machinery maker Komatsu Ltd said its machin...

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United States tech giants sued over DRC cobalt mine child labour deaths

United States tech giants sued over DRC cobalt mine child labour deaths

Five tech giants-Apple, Google, Dell , Microsoft , and Tesla-have been accused of aiding and abetting the death of children being used in cobalt mines in the Democratic Republic of the Congo (DRC), ...

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USMCA is 'really, really, really, good agreement': Trade chief Robert Lighthizer

USMCA is 'really, really, really, good agreement': Trade chief Robert Lighthizer

Over the weekend, the White House sent the legislation created to replace the North American Free Trade Agreement to the House for approval. Jesus Seade, the chief Mexican trade negotiator on the ac...

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Uber Reportedly Selling UberEats' India to Zomato

Uber Reportedly Selling UberEats' India to Zomato

This was revealed by Zomato founder and CEO Deepinder Goyal. However, UberEats' contribution may not go beyond $100-200 Mn, sources added. Despite this, the business did not pose a real threat t...

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US industrial production snaps back, rises 1.1% in November

US industrial production snaps back, rises 1.1% in November

The United Auto Workers union reached a new four-year labor contract with General Motors in late October, ending a strike by about 46,000 workers with the No. Declining output in the oil and gas busin...

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Whirlpool recall: half a million Hotpoint and Indesit machines pose fire risk

Whirlpool recall: half a million Hotpoint and Indesit machines pose fire risk

About 519,000 of the machines sold in the United Kingdom between October 2014 and February 2018 could be affected by damage to the door lock system, which could lead to overheating and ignition, Sky N...

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U.S. top trade negotiator praises deal, China remains cautious

U.S. top trade negotiator praises deal, China remains cautious

Lighthizer said he still expects the agreement to be signed sometime in early January. Above all, Lighthizer said, "it's enforceable". Chinese purchases of agricultural goods were expected to incr...

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Realme X2 price and storage variants leaked a day before official launch

Realme X2 price and storage variants leaked a day before official launch

It is important to note that these are filtered prices and Realme will announce the official details tomorrow. With this, the company has introduced a successor to the Realme XT , which gained a lo...

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China suspends planned tariffs on some United States goods

China suspends planned tariffs on some United States goods

In the world of trade agreements, however, the US-China phase one deal is a short one. U.S. Trade Representative Robert Lighthizer testifies before a House Ways and Means Committee hearing in W...

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China trade deal optimism pushes United States markets to record high

China trade deal optimism pushes United States markets to record high

All three major stock indexes hit record highs on Friday after the world's top two economies announced a much-awaited "phase one" agreement, but ended largely flat as investors looked for clarity on t...

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Amazon cuts off FedEx ground for Prime shipments this holiday

Amazon cuts off FedEx ground for Prime shipments this holiday

More than half of all products sold on Amazon come from third-party merchants who pay Amazon commissions on each sale. A recent Morgan Stanley report estimates that Amazon is now delivering about ...

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Commuters urged to check schedules amid train timetable chaos

Commuters urged to check schedules amid train timetable chaos

The Great Western Railway (GWR) is expected to see the most dramatic changes, with new and improved running times between its busiest stations. The network is promising faster journey times, more se...

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McDonald’s sacks Australian franchisee over racist video

McDonald’s sacks Australian franchisee over racist video

Besides Karen, the video also shows Robert Vigors, who owned the McDonald's franchise in Mildura and Irymple, saying: "Which one percent of you is Aboriginal, mate?" "This is the problem with this c...

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Trump's National Security Advisor Warns Canada Against Huawei Involvement in 5G Network

Trump's National Security Advisor Warns Canada Against Huawei Involvement in 5G Network

China's ambassador threatened Germany with retaliation if it excludes Huawei Technologies as a supplier of 5G wireless equipment, citing the millions of vehicles German carmakers sell in China. All ...

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United Kingdom business malaise deepened before election -PMI

United Kingdom business malaise deepened before election -PMI

The December flash reading for the IHS Markit U.S. Composite PMI Output Index was 52.2, up from 52 in November. IHS Markit's Purchasing Managers' Index for manufacturing slumped to 50.3 in Decem...

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Lyft Announces New Rental Car Service 'Lyft Rentals'

Lyft Announces New Rental Car Service 'Lyft Rentals'

The company offers up to $20 in credit to cover the cost of picking up and dropping off the rental from the pickup lot. However, it is now offering only daily rates, so someone using the vehicle for ...

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Five held over mans death in Hong Kong protests

Five held over mans death in Hong Kong protests

Li recognized Lam's efforts to stimulate the battered Hong Kong economy in briefly televised remarks Monday in Beijing as he hosted Lam for her annual duty visit to the capital. Hong Kong media have s...

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Asian shares jump on 'phase one' Sino-US trade deal

Asian shares jump on 'phase one' Sino-US trade deal

It was last up by 0.35%. Chinese stocks opened the week on a firm footing on Monday and were track for the fourth straight day of gains, with sentiment boosted by strong commodities, while the Hong ...

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Boeing May Cut Production of the 737 Max Jet

Boeing May Cut Production of the 737 Max Jet

Boeing is considering cutting or halting production of the grounded aircraft. The board of the largest USA planemaker is holding a regular two-day meeting in Chicago, which started on Sunday, and th...

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Ex-Wells Fargo Employee Accused Of Stealing $88K From Vault

Ex-Wells Fargo Employee Accused Of Stealing $88K From Vault

Court documents revealed that during his employment at a Wells Fargo branch in Charlotte, which began in April 2019, cash from deposits made by bank customers from the vault was stolen on 18 different...

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Live Nation Entertainment (NYSE:LYV) Reaches New 52-Week High at $73.91

Live Nation Entertainment (NYSE:LYV) Reaches New 52-Week High at $73.91

Nuveen Asset Management LLC purchased a new stake in shares of Live Nation Entertainment during the 2nd quarter worth about $36,074,000. Finally, Artemis Investment Management LLP grew its stake in ...

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