Economy

GBP/USD jumps back to session tops post-UK retail sales

GBP/USD jumps back to session tops post-UK retail sales

Both retail sales figures excluding fuel were also much better than forecast. The UK total retail sales increased 0.7 percent over the month in July after slumping unexpectedly in June. But with the...

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Coles stores closed as nationwide checkout glitch causes chaos

Coles stores closed as nationwide checkout glitch causes chaos

This store is now closed due to circumstances beyond our control", read a sign outside Coles Australia Fair on the Gold Coast . On social media, disgruntled customers expressed their frustration ...

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Turkey's President Erdogan vows to challenge economic threats

Turkey's President Erdogan vows to challenge economic threats

Erdogan told thousands of supporters in Ankara that Turkey is "threatened by the economy, sanctions, foreign currency, interest rates and inflation", The Associated Press reported. "So, we haven't...

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No Canadians: Air France unions call for French CEO

No Canadians: Air France unions call for French CEO

The union statement , which said the new boss needed "intimate knowledge... of the French social model", said that the board was expected to hold a teleconference on Thursday to discuss the nominatio...

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Trade talk hopes lift stocks

Trade talk hopes lift stocks

At 9.52am EDT the Dow Jones Industrial Average was up 323.31 points, or 1.28 per cent, at 25,485.72, the S&P 500 was up 18.96 points, or 0.67 per cent, at 2,837.33 and the Nasdaq Composite was up 45.3...

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Tesla Is Suing Ontario Over Cancelled Rebates Program

Tesla Is Suing Ontario Over Cancelled Rebates Program

Since 2010, the Ontario government had offered incentives to individuals purchasing or leasing hybrid-electric or electric vehicles. Neither Tesla nor the Ontario government immediately responded to...

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Two mystery punters won $50M Powerball jackpot - have you checked your ticket?

Two mystery punters won $50M Powerball jackpot - have you checked your ticket?

Meanwhile, the other victor, from southern Sydney, is yet to learn of their new multimillion-dollar status. The winning New South Wales ticket was bought somewhere in Sydney but was unregistered so ...

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Illness at Ohio Chipotle outlet caused by bacteria

Illness at Ohio Chipotle outlet caused by bacteria

Chipotle will begin retraining all employees in safe food-handling procedures next week after a health department determined the pathogen that sickened almost 700 customers in OH arose from food left ...

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Scientists Detail Full Genome Of Wheat For The First Time

Scientists Detail Full Genome Of Wheat For The First Time

This work will pave the way for the production of wheat varieties better adapted to climate challenges , with higher yields, enhanced nutritional quality and improved sustainability. "We believe that...

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Wellingborough House of Fraser logistics centre stops work

Wellingborough House of Fraser logistics centre stops work

A dispute with third-party distributor XPO Logistics over non-payment has led to the closure of House of Fraser's warehouse and the cancelling of online orders. Richard Lim, chief executive of econo...

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Elon Musk seems to beg Tesla's board to save him from himself

Elon Musk seems to beg Tesla's board to save him from himself

Tesla executives have expressed concern at Elon Musk's use of the sleeping pill Ambien, reportedly suggesting it could account for his erratic tweeting and unusual behaviour. He said he remained ...

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Musk's tweets put Tesla in the spotlight — Business Extra Podcast

Musk's tweets put Tesla in the spotlight — Business Extra Podcast

Regardless of whether Tesla does go private, it's unlikely to do so before its third-quarter earnings call in November when Musk may face more questions about the lawsuits, funding to go private, Te...

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Trump Directs SEC to Study Six-Month Reporting for Public Companies

Trump Directs SEC to Study Six-Month Reporting for Public Companies

One criticism is that if companies are striving to report profit gains every quarter, they are more likely to buy back shares and cut costs than invest in their businesses. Tesla CEO Elon Musk, for in...

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Italy buries bridge collapse dead amid outrage

Italy buries bridge collapse dead amid outrage

Genoa's chief prosecutor, Francesco Cozzi, said on Thursday that 10-20 people were still missing. So far, there has been no sign of life under the mountains of debris. Atlantia shares were up 6% on...

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Australia’s Unemployment hits 5.3% while jobs miss expectations

Australia’s Unemployment hits 5.3% while jobs miss expectations

Monthly hours worked in all jobs increased 4.0 million hours (0.2%) to 1,749.6 million hours. The good news is most of these were cancelled out by the addition of 19,000 full-time jobs.

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USA threatens new Turkey sanctions over Christian pastor

USA threatens new Turkey sanctions over Christian pastor

The latest USA announcement came after Turkish Finance Minister Berat Albayrak tried to soothe the markets during an unprecedented conference call with hundreds of foreign investors, insisting Tu...

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Turkish court rejects USA pastor's appeal for release: Haberturk

Turkish court rejects USA pastor's appeal for release: Haberturk

The lira, which earlier this week traded at well over seven to the dollar, held onto its gains during Albayrak's discussion, trading at 5.7 against the greenback. "Release Brunson", Mr Bolton told him...

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USA threatens more sanctions on Turkey over detained pastor

Still, many investors remain on edge about the situation in Turkey and other emerging markets amid a strengthening US dollar and rising interest rates. He also appeared to acknowledge that he was disa...

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China’s port of Dalian receives USA soybean vessel following imposition of tariffs

China’s port of Dalian receives USA soybean vessel following imposition of tariffs

The unloading follows the departure of Peak Pegasus from the same port on Thursday after discharging its cargo of 70,000 tonnes of US soybeans. China is the world's biggest importer of soybeans, whi...

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Trump asks SEC to study ending quarterly earnings for public companies

Trump asks SEC to study ending quarterly earnings for public companies

Abolishing the rule would "allow greater flexibility & save money" for businesses, Mr. Trump tweeted . Still, as an independent commission-led agency, the SEC can not be forced by the president to im...

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Google employees push back on censored China search engine

Google employees push back on censored China search engine

However, Pichai did hint at doing more in the country which is infamous for its restrictive internet policies. So Google's interest in returning to China - which it pulled out of in 2010 amid concerns...

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Amazon considering UK insurance comparison site

Amazon considering UK insurance comparison site

According to a new report from Reuters , Amazon is in discussions with several United Kingdom insurance companies to try and bring their services and business onto a new price comparison website. Mor...

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RBS comes bottom of bank league tables ZlotoNews

RBS comes bottom of bank league tables ZlotoNews

In first place was First Direct at 85% followed by the Metro Bank with 83% of customers recommending the bank. It also came out bottom for business banking. "This settlement holds RBS accountabl...

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'Most hard, painful year': Elon Musk in tears in new interview

'Most hard, painful year': Elon Musk in tears in new interview

It claims the board is aware that he uses "recreational drugs" and Musk himself admits to frequently relying on Ambien to sleep. He said Antonio Gracias, Tesla's lead independent director, did c...

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White House: 'We Won't Forget' How Turkey is Treating US Pastor

White House: 'We Won't Forget' How Turkey is Treating US Pastor

The currency has lost almost 40 percent against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his repeated calls for lower interest rates despite high inf...

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Italy's government attacks Benetton family over Genoa bridge collapse

Italy's government attacks Benetton family over Genoa bridge collapse

The highway bridge, in the northern port city, crashed to the ground without warning on Tuesday, with nearly 40 cars and trucks falling 45 metres with it. According to business daily Il Sole, improve...

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Turkish lira rallies as Qatar makes $15 bil. loan pledge

Turkish lira rallies as Qatar makes $15 bil. loan pledge

In response to Trump's tariffs , Turkish officials said they will impose a 50 percent tax on US rice, 140 percent on spirits, 60 percent on tobacco and 120 percent on cars while increasing duties on ...

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Trump Says He Is in ‘No Rush’ to Renegotiate Nafta

Trump Says He Is in ‘No Rush’ to Renegotiate Nafta

He said there now were no trade talks with Canada. USA and Mexican negotiators have been working to reach a NAFTA cars deal that would allow Canada to rejoin talks and move toward resolving the to...

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Turkey increases tariffs on some United States imports, escalating feud

Turkey increases tariffs on some United States imports, escalating feud

The lira fell against the dollar after Mnuchin's announcement, a day after the Turkish currency had begun to return from record lows . Then last week, Trump increased them to 50 percent on Turkish ...

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China lodges WTO complaint over renewable energy tariffs

China lodges WTO complaint over renewable energy tariffs

Competition will be "internal, like it used to be in the old days when we actually had steel, and U.S. Steel was our greatest company", the U.S. president said. While some steelmakers have expanded US...

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Turkey hopes to find solution on Syria’s Idlib with Russia

Turkey hopes to find solution on Syria’s Idlib with Russia

Turkey has been hit by financial turmoil, with the lira plunging over deepening concerns about the government's economic policies and a diplomatic spat with the United States . Turkish officials sa...

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Turkish lira rebounds after Qatar pledges $15 billion

Turkish lira rebounds after Qatar pledges $15 billion

On Tuesday, Turkish President Recep Tayyip Erdogan called on Turks to " boycott " U.S. electronic goods, but United States officials seemed unconcerned. "It is not something that is in our hands",...

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‘Enough forex reserves to meet volatile rupee’

‘Enough forex reserves to meet volatile rupee’

Some currency experts are even predicting that the rupee would slide to 80 per dollar, or Rs21.8 per dirham in the coming months. Jaitley assured that the country's current exchange rate market is bei...

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Court rejects appeal for American pastor's release from detention, Turkish media says

Court rejects appeal for American pastor's release from detention, Turkish media says

His government is grappling with a currency crisis and a damaging dispute with the United States that late on Wednesday appeared further than ever from being resolved. Qatar said it would provide "a h...

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Erdogan says Turkey will boycott U.S. electronic goods

Erdogan says Turkey will boycott U.S. electronic goods

Fears Turkey's currency crisis would affect other emerging markets, amid trade tensions with the U.S. has spooked financial markets. On the other hand, Asian stocks retreated to a one-year low as ...

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