Economy

Brent crude oil rises back to $60 a barrel

Brent crude oil rises back to $60 a barrel

Trade talks in Beijing between the world's two biggest economies entered the third day on Wednesday, amid signs of progress on issues including purchases of USA farm and energy commodities and increas...

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Car parts plant coworkers win big with $60M jackpot

Car parts plant coworkers win big with $60M jackpot

Rush called him back right away and was told the group would meet the next day. The winning ticket was purchased at Little Short Stop Store on Silvercreek Parkway in Guelph. Some are looking to buy ...

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Samsung's operating profit posts double-digit fall in Q4, 2018

Samsung's operating profit posts double-digit fall in Q4, 2018

Apple's shares sank 10 per cent and sent shockwaves through the tech industry and global markets, as they struggle to price the threat of China's slowing economy. DRAMeXchange expects memory chip p...

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USA official warns of recession risk if interest rates go much higher

USA official warns of recession risk if interest rates go much higher

Right now, the Fed doesn't see evidence of either. In his remarks before the Economic Club of Washington , Powell described the economy as strong at the end of past year, with the lowest unemployme...

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Norovirus outbreak sickens 150-plus on cruise ship

Norovirus outbreak sickens 150-plus on cruise ship

Owen Torres, a spokesman for Royal Caribbean, which operates the vessel, said: "We think the right thing to do is get everyone home early rather than have guests worry about their health". One of the ...

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Rumour: FCA to pay US$ 650m for diesel emission settlement

Rumour: FCA to pay US$ 650m for diesel emission settlement

Apart from this, part of the settlement includes US$ 311 million in fines and US$ 72 million to other states. The settlement includes fines and more than $300 million in "consumer relief" and requ...

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Saudi Arabia to slash oil exports by 800,000 barrels per day

Saudi Arabia to slash oil exports by 800,000 barrels per day

Addressing a press conference on Wednesday, Minister Khalid al-Falih said that the latest audit "confirms our belief that Aramco is the most valuable company in the world". That the carbon intensity o...

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Teen charged over alleged 'threatening comments' on plane to Sydney

Teen charged over alleged 'threatening comments' on plane to Sydney

On Thursday, Manukau District Court heard Fifita was travelling home to Sydney from Tonga, transiting at Auckland, when he made the false threat. An Air New Zealand flight to Sydney was cancelled la...

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Rare penny found in 1947 could be worth more than $1 million

Rare penny found in 1947 could be worth more than $1 million

There were rumors at the time that the Ford Motor Company would offer the prize of a new vehicle to anyone who could give Henry Ford one of the copper pennies. Zinc-coated steel plates were "considera...

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Apple cuts production plan for new iPhones by 10% for first quarter

Apple cuts production plan for new iPhones by 10% for first quarter

Hot on the heals on this comes the news that Apple is cutting production of new iPhones for the current quarter by a significant amount. The request was made before Apple cut its forecast last week,...

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New York's iconic Chrysler Building put up for sale

New York's iconic Chrysler Building put up for sale

Tishman Speyer owns the remaining 10 per cent stake. Neither firm would offer a comment when contacted by AFP. The announcement comes at a hard time for the NY real estate market, especially in Ma...

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Hyundai's 'Elevate' concept is a four-legged first responder

Hyundai's 'Elevate' concept is a four-legged first responder

Each leg is afforded five degrees of freedom, while each wheel is packed with its own motor enabling the UMV to maintain its progress even is one or two wheels can't get traction. Hyundai is unveiling...

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IRS will reportedly issue tax refunds during government shutdown

IRS will reportedly issue tax refunds during government shutdown

During a shutdown , the IRS typically doesn't perform audits, pay refunds or offer assistance to taxpayers if they have questions, especially outside of the filing season. as long as the shutdown e...

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Guess who just revealed his $1 billion stake in Tesla?

Guess who just revealed his $1 billion stake in Tesla?

Ellison owns 3 million shares of Tesla. Then, despite blasting the SEC again via Twitter only a few days prior, it was announced on the first day of October previous year that Musk would stay on ...

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Federal Reserve says it 'can afford to be patient' on rate hikes

Evans is a voter this year on the rate-setting Federal Open Market Committee. During their December meeting, Federal Reserve officials largely approved of a dovish approach to interest rate hike...

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What hope for markets in the US-China trade talks?

What hope for markets in the US-China trade talks?

The talks were seen as a litmus test of whether a lasting deal can be reached before March 2, when the Trump administration plans to hike tariffs on $200 billion of Chinese goods from 10% to 25%. Both...

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Oracle's Ellison reveals US$1B stake in Tesla

Ellison's revelation comes at a hard time for Tesla. Tesla announced Ellison's appointment to the board in December. At current market prices, Ellison's stake is likely somewhere near 3 million shares...

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United Kingdom new auto sales slump ahead of Brexit 'existential threat'

United Kingdom new auto sales slump ahead of Brexit 'existential threat'

The UK new vehicle market declined by -6.8 per cent in 2018, with annual registrations falling for a second year to 2,367,147 units, according to figures released by the Society of Motor Manufactur...

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Oil recovers as US-China talks begin

Oil recovers as US-China talks begin

The dispute has weighed on economic growth, the Guardian reported. What will be the average price for Brent Crude Oil in 2019? Traders are also expecting that the decision of OPEC and some non-O...

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Gold rises, palladium hits record high as Fed shift hopes hurt dollar

Gold rises, palladium hits record high as Fed shift hopes hurt dollar

MSCI's world equity index.MIWD00000PUS, which tracks shares in 47 countries, was up 0.77 percent, its highest since December 19. "It is a reminder that central banks still have some firepower to d...

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TSA 'call outs' could increase if shutdown continues

TSA 'call outs' could increase if shutdown continues

Employees of the Transportation Security Administration are expected to work without pay during the shutdown because their jobs are considered essential. "Palm Springs airport is a small airport that ...

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Union head to discuss fate of GM Oshawa plant

Union head to discuss fate of GM Oshawa plant

Last month, Unifor presented the automaker with a number of options to keep the plant open. "We're not going anywhere", he said. Dias said the US$22-million annual salary of company CEO Mary Barra i...

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Christophe Dettinger: Fundraising for 'yellow vest' boxer ends after outcry

Christophe Dettinger: Fundraising for 'yellow vest' boxer ends after outcry

But government officials assailed the fundraising drive, with many calling for it to be shut down or for the pledged funds to be seized. The images filmed on Saturday show a heavily built man in a b...

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Woman Hops on Counter, Yells 'Racist' at JetBlue Employee

Woman Hops on Counter, Yells 'Racist' at JetBlue Employee

The first video, which has received nearly 8,000 "likes", shows the woman yelling at a JetBlue employee while hoisting herself up on the counter. A woman was arrested at the Fort-Lauderdale-Hollywoo...

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Parent company of Sears, Kmart prepares for possible liquidation

Parent company of Sears, Kmart prepares for possible liquidation

Sears filed for bankruptcy in October. Eastern on January 9. Now Sears faces full liquidation of its assets if the judge doesn't decide to give Lampert more time to improve his offer, which Reuters...

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UK's Heathrow Airport suspends flights after drone sighting

UK's Heathrow Airport suspends flights after drone sighting

The west London hub apologised for any disruption caused to passengers after flights were suspended for around an hour on Tuesday. The rozzers are supposedly investigating the drone appearance, ...

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RCMP arrest 14 people in northern BC over anti LNG pipeline protest

RCMP arrest 14 people in northern BC over anti LNG pipeline protest

In the wake of the RCMP's arrest of 14 people from a blockade to a forest service road in northern British Columbia that is preventing access to a pipeline project, a solidarity demonstration is being...

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Agri, manufacturing sectors to push GDP growth to 7.2% in 2018-19

Agri, manufacturing sectors to push GDP growth to 7.2% in 2018-19

India's $2.7 trillion economy is headed for a slowdown ahead of 2019 Lok Sabha elections due by May, with a federal statistics body projecting an overall economic growth of 7.2% for the year ending ...

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Amazon becomes most valuable company, moving past Microsoft

Amazon becomes most valuable company, moving past Microsoft

Shares of the e-commerce company rose 3.4 percent, a rally that gave it a market capitalization of $797 billion. Shares of Microsoft, which claimed the title of the world's most valuable stock in Nov...

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Carlos Ghosn makes his first court appearance since arrest

Carlos Ghosn makes his first court appearance since arrest

The once high-flying executive, dressed in a dark suit and without a tie, was handcuffed as he entered the court; a rope around his waist. Two guards who led him in uncuffed him and sat with him on a ...

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Governor Shaktikanta Das Says RBI To Decide On Interim Dividend

Governor Shaktikanta Das Says RBI To Decide On Interim Dividend

The government and RBI have now appointed a panel to look into the issue around the sharing of the RBI's reserves. Mr. Das was responding to queries based on a Reuters report that the RBI would be...

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Harley-Davidson just made its first electric motorcycle available for pre-order

Harley-Davidson just made its first electric motorcycle available for pre-order

In the flesh (well, metal) the bike is a beauty, bearing all the hallmarks of a Harley-Davidson but with a distinct lack of a gasoline smell. At the time, there were more questions about LiveWire ...

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Japanese billionaire Yusaku Maezawa now has most retweeted tweet ever

Japanese billionaire Yusaku Maezawa now has most retweeted tweet ever

His social media success means Carter Wilkerson, who was retweeted 3.5 million times during his campaign to get free nugs for a year from Wendy's, has slipped into second place. The 43-year-old founde...

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Brabham BT62 to Get Road Legal Conversion, Keeps 700 BHP Troop

Brabham BT62 to Get Road Legal Conversion, Keeps 700 BHP Troop

A similar process is being undertaken for customers in Australia, Brabham's home market , and the company will aim to fulfil requests for similar conversions in other jurisdictions, including potenti...

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Supermarket slashes petrol prices again

Supermarket slashes petrol prices again

In Mumbai , petrol and diesel prices were at Rs 74.16 per litre and Rs 65.12 per litre, respectively. At present, petrol prices are at its lowest level in over a year while diesel prices have t...

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