Economy

Beer company BrewDog backtracks after offering free beer to Trump supporters

Beer company BrewDog backtracks after offering free beer to Trump supporters

Meades also tweeted a screenshot of a further email from the PR company, saying the previous press release was incorrect. "We are in no way aligned with their position and we will of course be cance...

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Ryanair cancels flights as strike hits Europe

Ryanair cancels flights as strike hits Europe

The airline said earlier in the week that some 190 flights had been cancelled , however, additional industrial action announced Thursday, meant that number increased. "It is inexplicable that the VC ...

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Bed Bath & Beyond Reports Disappointing Results

Bed Bath & Beyond Reports Disappointing Results

The home goods retailer said second-quarter earnings fell to United States dollars 48.6 Million, or 36 cents a share, from USD 94.2 Million, or 67 cents a share, a year ago. The retailer reported $0...

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Ripple Topples Ethereum to Become 2nd Largest Cryptocurrency

Ripple Topples Ethereum to Become 2nd Largest Cryptocurrency

As seen before a major focus on XRP means more liquidity may increase in the crypto market following Ripple's good news of tie ups with major banks such as PNC . Virtual currencies have struggled t...

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Fuel price hike: Petrol, diesel touch new heights

Fuel price hike: Petrol, diesel touch new heights

As the meter calculating the amount is increasing, the display meter for litres poured is decreasing, making vehicles owner jittery. Petrol prices have crossed Rs 90 a litre in many states while...

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Nearly 50 million facebook users hit by security issue

Nearly 50 million facebook users hit by security issue

The company said that it discovered the breach earlier this week. The social network said it will continue to investigate and update the public. According to Rosen, law enforcement has been notifi...

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Mexico trade deal text to exclude Canada, irritating USA lawmakers

Mexico trade deal text to exclude Canada, irritating USA lawmakers

The relationship between the u.s. president and the canadian Prime minister are particularly tense since the last G7 summit in June in Quebec. The prospects for a quick deal to update the North Ame...

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Three US cities are overvalued but no bubble risk

Three US cities are overvalued but no bubble risk

The report was released on the same day as three of Hong Kong's biggest banks raised their lending rates for the first time in 12 years, ending an age of cheap cash that could hit the city's famou...

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Amid US China tensions, Trump says Xi might not be friend anymore

Amid US China tensions, Trump says Xi might not be friend anymore

The potential visit fell apart last weekend after Trump , citing a lack of Chinese efforts to address his concern on protecting American intellectual property, chose to go ahead with the new tariffs....

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It’s National Coffee Day: That means free and discounted java!

It’s National Coffee Day: That means free and discounted java!

Dunkin' Donuts : Buy one hot coffee, get a second one free. Not every coffee shop is participating in National Coffee Day though: Starbucks , for instance, does not have free coffee or any other spec...

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Geron's Drug Alliance with Janssen Terminated, Shares Plummet 68%

Geron's Drug Alliance with Janssen Terminated, Shares Plummet 68%

In a press release issued early this morning, the company said that Jannsen Biotech, Inc. has terminated a CLA entered into with the company in 2014. The primary endpoint is the rate of red blood ...

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CBS subpoenaed for Moonves sexual misconduct probes

CBS subpoenaed for Moonves sexual misconduct probes

Moonves admitted to consensual relations with three of the women named in the article but denied what he called the "appalling accusations" in the report. CBS has hired law firms to investigate. It ...

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Elon Musk Is Being Sued by the SEC for Fraud

Elon Musk Is Being Sued by the SEC for Fraud

At a press briefing in NY on Thursday, Stephanie Avakian, the co-director of the SEC's division of enforcement, said chairmen and CEOs of public companies had important responsibilities. Tesla shar...

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HK banks increase rates for the first time in 12 years

HK banks increase rates for the first time in 12 years

According to the website of HKMA, the base lending rate raised by 25 basis points to 2.5 percent, effective immediately. HSBC Holdings Plc raised its main lending rate in Hong Kong for the first t...

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Volkswagen strikes deal with Microsoft to build cars connected to the cloud

Volkswagen strikes deal with Microsoft to build cars connected to the cloud

Volkswagen and Microsoft have struck a deal that will see the car-maker embed internet services into its vehicles with the software giant's cloud technology, the companies announced Friday. Specific d...

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Facebook executive calls WhatsApp co-founder Brian Action's claim as low class

Facebook executive calls WhatsApp co-founder Brian Action's claim as low class

At the end of 2017, Acton left his role and the company in order to pursue his interest in nonprofits. The proposal was rejected by Facebook, Acton says, in favor of advertising. Speaking to Forbes...

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Trump, Abe announce start of US-Japan trade negotiations

Trump, Abe announce start of US-Japan trade negotiations

For agriculture produce, the United States "respects" Tokyo's position that it will not make bigger concessions than those already agreed to under existing free trade agreements such as the Trans-Paci...

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Facebook Data Breach Exposed 50 Million Users

Facebook Data Breach Exposed 50 Million Users

These tokens are used as digital keys so that members don't have to sign in every time they use the app. Facebook has now reset these tokens and alerted those who were affected to hopefully prot...

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Investor are paying more for Michael Kors Holdings Limited (KORS)

Investor are paying more for Michael Kors Holdings Limited (KORS)

The price index is calculated by dividing the current share price by the share price ten months ago. Sometimes investors may be hesitant to jump into the market after it has consistently kept heading ...

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Amazon to open a new '4-star' store concept in Manhattan

Amazon to open a new '4-star' store concept in Manhattan

Amazon says it will use data from sales and customer wishlists to display trending or most-wished-for items. The company writes in a blog post that Amazon 4-star is a "direction reflection of our ...

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NAFTA deadline not firm as Mexico pushes USA for Canadian inclusion

The Trump administration is expected to release the text of its trade agreement with Mexico as early as Friday, launching a contentious congressional approval process as it tries to coax Canada into...

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Goldman Sachs launches new online retail bank, Marcus

Goldman Sachs launches new online retail bank, Marcus

Now available to United Kingdom residents over the age of 18, savers can deposit from £1 to £250,000 - and withdraw their money as many times as they like, with no fees or charges. Ms Bowes says that ...

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Tesla short sellers score after SEC sues Elon Musk

Tesla short sellers score after SEC sues Elon Musk

By Aug. 27, the first trading day after Musk said he was no longer attempting to take Tesla private , the stock had fallen to $319.44, which the SEC argues caused harm to investors who had purchased ...

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Tesla shares drop as analysts divided on Musk’s future with the company

Shares of Tesla Inc plunged up to 13 percent on Friday as investors anxious about the future of Chairman and Chief Executive Elon Musk at the electric carmaker after USA securities regulators ac...

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Qantas reveals location of first pilot training academy

Qantas reveals location of first pilot training academy

Busselton in WA's South West, Alice Springs, Bendigo, Dubbo, Launceston, Mackay, Tamworth and Wagga Wagga are under consideration for the second academy site, with a decision due by the end of the yea...

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Expect another massive fuel price increase this October

Expect another massive fuel price increase this October

While South African's were saved from a major fuel hike in September, thanks to government intervention , October promises to raise the petrol price to new highs. In Delhi, petrol rate touched Rs 8...

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More A-Shares Inclusion Could Lift This China ETF

More A-Shares Inclusion Could Lift This China ETF

Fresh from logging their largest percentage gain in years on Friday, Chinese large cap stocks are charging yet again, bolstered by news the influential MSCI is considering upping the weighting given...

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Ryanair cancels 190 flights this week amid cabin crew strike

Ryanair cancels 190 flights this week amid cabin crew strike

Strikes by staff in Spain , Belgium, Holland, Portugal, Italy and Germany planned for this Friday have led to Ryanair changing its schedule and cancelling 190 flights. The dispute between cabin...

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Fed hikes key rate for third time this year

Fed hikes key rate for third time this year

Analysts expect the central bank to increase the target for the bank's benchmark rate by 0.25%, to a range of 2%-2.25%. The central bank stuck with its previous forecast for a fourth rate increase b...

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SEC sue Musk for fraud, seek to remove him from Tesla

SEC sue Musk for fraud, seek to remove him from Tesla

The SEC sent subpoenas to Tesla in August after the sometimes erratic Musk sent a series of tweets Aug. 7 saying he was considering taking the company private at $420 U.S. Tesla issued a response from...

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McDonald’s removing artificial additives from its burgers

McDonald’s removing artificial additives from its burgers

McDonald's said it stripped components like calcium propionate, an artificial preservative, from its buns and eliminated sorbic acid, a preservative, from its American cheese. McDonald's is followin...

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Man arrested after CHASING plane at Dublin Airport

Man arrested after CHASING plane at Dublin Airport

Police officers stopped him from entering the plane that was taxiing and arrested him. Moments earlier the man in his 20s, who is thought to be Irish, was inside banging on the window of the termina...

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Oil Gains After U.S. Holds Fire on Opening Reserves

Commerzbank said in a note that "the latest rise in oil prices is due primarily to Trump himself. he has focused the market's attention on the Iran sanctions again, even though the market is adequatel...

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Tesla building vehicle carrier trailers amid

Tesla building vehicle carrier trailers amid "delivery logistics hell"

With this, the company sends cars to the delivery centres but also delivers them directly to a customer's doorstep. Customers in Los Angeles are receiving emails offering to deliver cars directly to...

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Trump 'not happy' with Fed's interest rate hike

Trump 'not happy' with Fed's interest rate hike

In their statement announcing the decision and marking the end of the "accommodative" monetary policy era, Fed officials removed a sentence in prior statements that said its interest rate policy was...

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