Economy

Tesla plummets as Musk smokes weed on comedy show

Tesla plummets as Musk smokes weed on comedy show

The last 12 hours of the hit TV show How To Wreck A Car Company have taken yet another freakish twist. Musk also told Rogan it was "wrong" and "dangerous" for people to buy the flamethrowers he s...

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Burberry to stop burning unsold goods and using real fur

Burberry to stop burning unsold goods and using real fur

Burberry plans to stop destroying unsold products after environmental groups and shareholders objected to the disposal of millions of pounds worth of goods. Burberry said that another partnership, wit...

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Stocks sag, dollar broadly higher with trade in focus

Stocks sag, dollar broadly higher with trade in focus

It had lost 0.6 percent to settle at $69.80 a barrel in NY. European shares were largely flat, although London's blue-chip FTSE rallied nearly 1 percent thanks to a weak British pound. Indonesia's r...

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Milk blocking NAFTA, says Trump adviser as Freeland departs Washington

Milk blocking NAFTA, says Trump adviser as Freeland departs Washington

Canadian Foreign Minister Chrystia Freeland repeated her upbeat assessment of the negotiations, again terming them constructive, as she spoke to reporters after talks in Washington with U.S. But Freel...

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Canada's trade surplus with U.S. widens to most since 2008

Oil exports were helped by a 9.4 percent rise in prices. The tariffs effectively shut down imports of USA maple syrup, which dropped 97 percent between June and July, to only C$112,881 ($85,567.77),...

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Trump Says Tariffs on China 'Ready to Go'

Letters were submitted by tech companies like Dell and Cisco Systems, a coalition of the National Retail Federation and 150 other organizations urging the USTR not to go for more tariffs, . Beijin...

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Barack Obama encourages people to vote:

Barack Obama encourages people to vote: "This is not Coachella"

Obama also skewered the anonymous Trump administration official who authored the New York Times op-ed about efforts inside the West Wing to actively subvert Trump's "half-baked, ill-informed and occ...

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USA job growth seen picking up, unemployment rate falling

USA job growth seen picking up, unemployment rate falling

The jobs data topped economists' estimates: Bloomberg had put the median projected gain at 191,000 jobs, while the Marketwatch median forecast stood at 200,000. Evidence of wage growth in a tight ...

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China says retaliation ready if USA tariffs go ahead

China says retaliation ready if USA tariffs go ahead

A period for public comment on Mr Trump's threat to essentially quadruple tariffs on China ends today. The proposed new tariffs from Washington - levied at 25% of the value of thousands of specific ...

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Sanders bill aims to 'get billionaires off welfare'

Sanders bill aims to 'get billionaires off welfare'

The act proposes a tax on large corporations, such as Amazon, Walmart, and American Airlines, which would force them to pay the same in taxes that their low-wage employees receive in federal benefits ...

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Fuel price hike: Petrol, diesel prices breach record levels on Friday

Fuel price hike: Petrol, diesel prices breach record levels on Friday

Diesel is vending at Rs 76.51 per litre in Mumbai, Rs. 76.17 per litre in Chennai and Rs. 74.92 per litre in Kolkata. In Kolkata, the price of petrol has been increased to ₹82.88 per litre while ...

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Goldman Sachs Drops Bitcoin Trading Desk Plan

Goldman Sachs Drops Bitcoin Trading Desk Plan

Things won't be getting any easier for Wall Street's crypto-traders. In recent weeks several Goldman executives have stated that there are many regulatory developments that are yet to materialize, w...

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Rick Scott avoids questions on Trump's Mexico trade pact

Rick Scott avoids questions on Trump's Mexico trade pact

Chapter 19 is a known sticking point between Canada and the United States in the renegotiation of the North American Free Trade Agreement; the two negotiating teams returned to the table today. Wh...

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Bitcoin falls off another cliff as cryptocurrency slump deepens

Near 1400 GMT, the cryptocurrency was trading at around $7,000, down about five percent from Tuesday's level. For crypto investors, this is unwelcome news after a summer of relative stability-partic...

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China ready to retaliate if United States imposes tariffs

China ready to retaliate if United States imposes tariffs

China has announced a $60 billion list of American products targeted for retaliation. Soybean exports, one of China's main trade war targets, fell in July . The difference between total USA impo...

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India's rupee hits record low against the dollar

India's rupee hits record low against the dollar

Technically, the rupee has been weak since the start of the year from the lows of 63.20 against the United States dollar to an all-time high of Rs 71.97 against the USA dollar. The currencies of other...

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Elon Musk Renews Attacks on British Diver, Calls Him a ‘Child Rapist’

Elon Musk Renews Attacks on British Diver, Calls Him a ‘Child Rapist’

It stemmed from a comment made by Unsworth about a submarine Musk had built to help rescue a group of Thai boys who became trapped in the Tham Luang cave complex in northern Thailand earlier this ...

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Toyota recalls 1 million hybrid cars over technical problem

Toyota recalls 1 million hybrid cars over technical problem

In a release , the company said the subject vehicles have a problem with the engine wire harness, connected to the hybrid vehicle Power Control Unit. The recall covers certain versions of the hybrid...

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The EQC - The First Ever All-Electric Car from Mercedes-Benz

The EQC - The First Ever All-Electric Car from Mercedes-Benz

When Mercedes do bring the EQC to Australia, they will be up against other electric SUVs, particularly the Jaguar I-Pace which will be available in Australia from November this year. To underscore t...

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Amazon India Gets Hindi Language Support on Android App, Mobile Web

Amazon India Gets Hindi Language Support on Android App, Mobile Web

No other Indian e-commerce companies such as Flipkart , Snapdeal , and others have a local language version of their website or application. Officials said Amazon doesn't have its entire portfol...

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Chinese billionaire returns to Beijing after USA arrest

Chinese billionaire returns to Beijing after USA arrest

Liu didn't do anything wrong, and the police have released him without any restrictions", Friedberg told the Star , adding, "I would bet my [law] license that he's not going to be charged". Liu, who...

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Oil in Global Economy Series: Russia's oil production at record high

Oil in Global Economy Series: Russia's oil production at record high

On Friday, WTI crude oil settled at $69.80 a barrel while ICE Brent crude closed at $77.42. "We're heading into these Iran sanctions, which is going to remove supply", said Ashley Petersen, lead oil a...

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McDonalds poster prank goes viral

McDonalds poster prank goes viral

Jehv Maravilla, 21, and his friend Christian Toledo 25, noticed a lack of representation in the marketing materials at a McDonalds in Pearland, near Houston . They took the poster to the McDonald's l...

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JD.com's CEO was arrested on allegation of rape

JD.com's CEO was arrested on allegation of rape

The Minneapolis p‌ol‌ic‌e department, however, has disputed the claim, saying that an investigation is ongoing and Liu was merely allowed to go free without bail or travel restrictions. Shares in JD.c...

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South Africa stumbles into a recession

South Africa stumbles into a recession

According to Statistics South Africa, agricultural production declined by 29.2 percent, while the transport, communication and storage sector dropped 4.9 percent. The rand lost value because of spillo...

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Explainer: What does the recession mean for South Africa?

Explainer: What does the recession mean for South Africa?

Most economists predicted that South Africa would miss falling into a technical recession. A recession is defined as two consecutive quarters of declining gross domestic product (GDP) and points to ...

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Amazon market value tops $1tn

Amazon market value tops $1tn

Amazon is the second corporation to exceed $1 trillion in value after Apple, which crossed the threshold on August 2. As of writing, Amazon's market cap is sitting pretty at $994.75 billion; it's ...

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Amazon becomes second company to hit $1 trillion value

Amazon becomes second company to hit $1 trillion value

Starting as a new way to sell books in the early years of the internet, Amazon has grown to an online behemoth and has changed the retail landscape across the world. It was a temporary milestone, as A...

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Turkish central bank deputy governor to resign as crisis deepens

Turkish central bank deputy governor to resign as crisis deepens

According to a decree law announced in the Official Gazette on Friday, the withholding tax on foreign currency deposits of up to six months is raised from 18 percent to 20 percent, deposits of up to o...

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Raghuram Rajan behind India's declining growth, says Niti Aayog VC Rajiv Kumar

Raghuram Rajan behind India's declining growth, says Niti Aayog VC Rajiv Kumar

Congress leader P Chidambaram claimed that more than 100 lives were lost and lakhs of jobs were destroyed due to closure of businesses after demonetisation . When this [Narendra Modi] government came...

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White workers at Sasol launch 'go-slow' ahead of Thursday strike

White workers at Sasol launch 'go-slow' ahead of Thursday strike

The Solidarity Union, which has 6,300 members at Sasol's South African operations, said the move by the firm is "blant discrimination". "In this respect, we have activated contingency measures to mi...

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Oil Climbs as Market Eyes Iran Supply Risks

Oil Climbs as Market Eyes Iran Supply Risks

Japan's major oil wholesalers are preparing to suspend crude oil imports from Iran in October, amid fears Washington will sanction countries importing Iranian crude, local media reported. Jiji Press a...

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McCain's final resting place: Naval Academy cemetery next to friend

McCain's final resting place: Naval Academy cemetery next to friend

People in the room clapped and social media erupted. The Sunday services will cap off a week-long remembrance of McCain, during which the "maverick" was remembered in Arizona and Washington, D.C ...

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Coca-Cola ventures into Coffee with $5.1 billion Costa deal

Coca-Cola ventures into Coffee with $5.1 billion Costa deal

Costa gives us access to this market with a strong coffee platform". It's Coca-Cola's latest move to diversify as health-conscious consumers, at least in America, move away from traditional soda. ...

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Petrol at Rs 86.25 in Mumbai, commuters fuming

Petrol at Rs 86.25 in Mumbai, commuters fuming

Due to the dramatic fall in the value of rupee and a surge in crude oil prices, state-owned oil firms on Monday increased the prices of both petrol and diesel in Mumbai to a new high. These prices v...

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