Economy

Asian shares fall as doubts over US-China truce emerge

Asian shares fall as doubts over US-China truce emerge

Trump agreed to hold off on plans to raise tariffs after China agreed to swiftly purchase a very significant amount of American goods, including agricultural, energy, industrial, and other products, t...

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VW says final generation of combustion engines will launch in 2026

VW says final generation of combustion engines will launch in 2026

Jost also predicted that the last vehicle with a combustion engine would be sold around 2040, which is when the United Kingdom is set to introduce a ban on the sale on new petrol and diesel cars. Jost...

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Amazon warehouse robot sends 24 human employees to hospital

Amazon warehouse robot sends 24 human employees to hospital

The workers were treated at five different hospitals in Robbinsville, New Jersey . Robbinsville spokesman John Nalbone explained to the Post that the can of bear spray released in the facility co...

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The Cheesecake Factory is giving away free slices of cheesecake today

The Cheesecake Factory is giving away free slices of cheesecake today

Police spokeswoman Ashley Savage says nearby roads were jammed, would-be delivery drivers were double-parked and there were reports of a fistfight. "This means you don't have to order anything and can...

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Southwest Jet Bellies To A Stop After Skidding Off Rainy Runway

Southwest Jet Bellies To A Stop After Skidding Off Rainy Runway

Although the cause of the overrun has yet to be determined, the airport was reporting inclement weather conditions at the time of the event. EMAS is created to safely stop planes that overshoot runway...

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Burger King offer Whoppers for a penny only at McDonald's

Burger King offer Whoppers for a penny only at McDonald's

Get more information here. In a statement, Burger King explained how the promotion, which it is calling the " Whopper detour ", works within 600 feet of any McDonald's restaurant. If you want one,...

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This Market Indicator That Frequently Signals a Recession Just Flashed Red

This Market Indicator That Frequently Signals a Recession Just Flashed Red

That pushed MSCI's all-country index down nearly half a per cent. There was added confusion over when the 90-day truce period, during which the United States and China would hold off on imposing mor...

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Is Trump's 'Task Force' Targeting USPS Relationship With Amazon?

Is Trump's 'Task Force' Targeting USPS Relationship With Amazon?

During the 2018 fiscal year, the Postal Service recorded a net loss of $3.9 billion, which is an increase of more than $1 billion over the losses it suffered in 2017. "Only fools, or worse, are saying...

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Why Huawei arrest deepens conflict between USA and China

Why Huawei arrest deepens conflict between USA and China

On December 5, Canadian authorities confirmed that Meng Wanzhou , chief financial officer and deputy chair of Chinese telecoms giant Huawei as well as a daughter of Huawei's founder , was arrest...

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Stock Selloff Continues Amid Worries Over U.S.-China Tensions

Stock Selloff Continues Amid Worries Over U.S.-China Tensions

Chinese officials on Thursday blasted Meng's arrest - but experts warn more forceful actions, including the possibility of tit-for-tat detentions of high-profile citizens, could be coming. Her stature...

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Flags at half-staff for former President

Flags at half-staff for former President

The president previously announced that Wednesday will be a national day of mourning in memory of Bush, a Republican whose presidency ran from January 1989 to January 1993. Bush will be buried next to...

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Bank of England’s Carney hits back at critics of Brexit scenarios

Bank of England’s Carney hits back at critics of Brexit scenarios

In response to Labour MP John Mann, who said his constituents were unlikely to go vegan if the cost of meat went up, Carney replied: "We might buy a little more local lamb as opposed to imported veal"...

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Keep Oil Flowing, Says Trump Ahead Of Oil-Exporting Nations' Group Meet

Keep Oil Flowing, Says Trump Ahead Of Oil-Exporting Nations' Group Meet

Saudi Arabia has been calling steep cuts in oil output and was expected to raise those demands during the meeting, but pressure from the US may convince Saudi leaders to take a softer tone. After the ...

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RBI keeps key policy rates on hold as uncertainties loom

RBI keeps key policy rates on hold as uncertainties loom

This is the second time in a row that RBI has maintained status quo on interest rates. The broad-based weakening of food prices imparts downward bias to the headline inflation trajectory going for...

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Dow plunges nearly 800 points

Dow plunges nearly 800 points

The Dow Jones Industrial Average dropped 206 points, or 0.8 percent, to 25,619. "You have the drop in bond yields and the implications on growth going forward", said Willie Delwiche, investment st...

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Facebook Drops From 1st to 7th for Best Place to Work

Facebook Drops From 1st to 7th for Best Place to Work

Glassdoor publishes job listings and also has a separate "employer brand" service where employers tout their company on a website that sits on Glassdoor alongside any reviews. In a statement reported...

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Huawei executive arrested by Canadian officials at USA request

Huawei executive arrested by Canadian officials at USA request

The Canadian Justice Department arrested Wanzhou Meng in Vancouver on Saturday and United States officials want Canada to extradite her, agency representative Ian McLeod said in an email sent to Bus...

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What A Yield Curve Inversion Means For Traders

What A Yield Curve Inversion Means For Traders

According to the San Francisco Fed , each of the nine USA recessions that have occurred since 1955 came between six months and 24 months after a an inversion in the yield curve of two-year and 10-ye...

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Donald Trump Spins 90 Day China Truce as 'Big Leap Forward'

Donald Trump Spins 90 Day China Truce as 'Big Leap Forward'

It remains uncertain how the two sides will resolve underlying United States concerns over trade barriers, subsidies and alleged technology theft. "And that would be to the benefit of everyone". Most ...

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Trump Holds out Possible Extension on 90-day China Trade Truce

Trump Holds out Possible Extension on 90-day China Trade Truce

White House economic adviser Larry Kudlow said on Tuesday that a reduction in Chinese tariffs on USA cars and agricultural and energy commodities would be a "litmus test" for whether U.S. Wang added t...

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Qualcomm: $44B NXP acquisition is dead

Qualcomm: $44B NXP acquisition is dead

NXP did not immediately respond to an emailed request for comment on Monday. Due to trade tensions Chinese antitrust authorities originally withheld their approval of the Qualcomm-NXP deal, causing it...

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The manufacturing sector helps lift SA out of a recession

The manufacturing sector helps lift SA out of a recession

The economy had shrunk 0.7 percent in the second quarter, unexpectedly tipping the country into its first recession since 2009. Economists polled by Reuters had predicted a 1.6% expansion. Earlier...

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USDA expands ground beef recall, says 12 million pounds pose salmonella risk

USDA expands ground beef recall, says 12 million pounds pose salmonella risk

When available, the retail distribution list (s) will be posted on the FSIS website at www.fsis.usda.gov/recalls . Consumption of products contaminated with Salmonella can cause salmonellosis. Ol...

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Canada's Plan to Cut Oil Output Boosts Crude, Stocks

Canada's Plan to Cut Oil Output Boosts Crude, Stocks

That narrower discount is now much more likely given the production cut. The Alberta Energy Regulator will start the reductions starting in January 2019 which will apply to both oil sands and conven...

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Quora hit by security breach, 100 million users affected

Quora hit by security breach, 100 million users affected

Quora.com, a site where people ask and answer questions on a range of topics, said hackers breached its computer network and accessed a variety of potentially sensitive personal data for about 100 mil...

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NAFTA deal will be terminated in 'near future'

NAFTA deal will be terminated in 'near future'

Trump, Canadian Prime Minister Justin Trudeau and Mexican President Enrique Peña Nieto held a ceremonial signing at the G20 meeting on Friday for the USMCA, which would replace NAFTA that was signed i...

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China allows UBS to take controlling stake in local securities firm

China allows UBS to take controlling stake in local securities firm

USB AG, which now owns about 25 per cent of shares in the USB Securities Co. Ltd will own 33 percent, Guangdong Provincial Communication Group Co. The biggest global investment banks, which have strug...

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Seven-year-old YouTuber made £17.2m in one year

Seven-year-old YouTuber made £17.2m in one year

Ryan's channel was set up by his parents in March 2015 and its videos have had nearly 26 billion views and amassed 17.3 million followers. The figures are calculated before tax, and do not include a...

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Tumblr Will Be Permanently Banning All Adult Content Soon

Tumblr Will Be Permanently Banning All Adult Content Soon

Tumblr says that all existing adult content will be flipped to private mode: "Examples of exceptions that are still permitted are exposed female-presenting nipples in connection with breastfeeding,...

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Tesla autopilot blamed as driver found asleep at 70mph

Tesla autopilot blamed as driver found asleep at 70mph

Police "positioned their patrol vehicle in front of the Tesla and began slowing directly in front of the Tesla in hopes that the "driver assist" feature had been activated and therefore the Tesla woul...

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The fashion label where staff are 'forced to hug the boss'

The fashion label where staff are 'forced to hug the boss'

Mr Kelvin founded Ted Baker in 1988 and is worth £552 million, according to the Sunday Times Rich List . "Hugs have become part of Ted Baker's culture, but are absolutely not insisted upon". The empl...

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Stephen King Draws Startling Comparison Between Trump And George H.W. Bush

EST. President Donald Trump , who ordered federal offices closed for a national day of mourning on Wednesday, is to attend with first lady Melania Trump and other high-ranking officials. Su...

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G-20 sealed landmark deal on WTO reform by ducking 'taboo words'

G-20 sealed landmark deal on WTO reform by ducking 'taboo words'

Applause broke out in the convention center hall as the leaders, including Trump, signed off on the statement at the end of the two-day summit in the Argentine capital, the first time it has been held...

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Canada's Alberta province orders drastic oil production cuts to fight price crisis

Notley said production of raw crude oil and bitumen will be reduced by 8.7 per cent - or 325,000 barrels per day - in January because of shipment problems that she blames on a lack of pipelines. At pr...

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Amazon Tests Its Cashierless Technology for Bigger Stores

Amazon Tests Its Cashierless Technology for Bigger Stores

Higher ceilings and shelves, and a bigger product range means it could take more time for Amazon to get the technology right, which now works well for smaller stores. Amazon also has continued to impr...

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