Economy

Facebook-WhatsApp integration not before 2020: Mark Zuckerberg

Facebook-WhatsApp integration not before 2020: Mark Zuckerberg

Revenues topped analysts' forecasts at $16.9 billion and earnings per share came in at $2.38, well above Wall Street's expectations of $2.19. The Stories format is used by about 2 million advertiser...

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Unilever stockpiles Magnums and Lynx as Brexit fears mount

Unilever stockpiles Magnums and Lynx as Brexit fears mount

It follows in the footsteps of other firms who are stockpiling ahead of Brexit. The UK is due to leave the European Union on 29 March but concern is mounting it will exit without a deal. Earlier thi...

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Consumers asks customers to reduce gas usage after fire

Consumers asks customers to reduce gas usage after fire

Consumers said that enough people heeded the warning to make a big enough difference. All gas flow from the compressor station has been shut in until safety and damage assessments can be completed. Wa...

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Apple engineer accused of trying to leak confidential information to China

Apple engineer accused of trying to leak confidential information to China

This is the second time in six months that a Chinese worker has been caught allegedly trying to steal Apple's self-driving auto tech. Apple's self-driving auto project, Titan, has already been bese...

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Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

While the central remittance systems in both countries have "evolved overtime and proved their feasibility", global remittances have need for improvement, the central banks said. Based on this desire,...

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Alibaba stock rallies on handsome profit beat, optimistic commentary

Alibaba stock rallies on handsome profit beat, optimistic commentary

To be sure, Alibaba's revenues are still eye-popping by most standards: revenue for the quarter ended December 31, 2018 was 117.28 billion yuan (US$17.06 billion), an increase of 41 percent over the s...

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VW Reviving The Classic Beach Buggy As An Electric Concept

VW Reviving The Classic Beach Buggy As An Electric Concept

It is, as Volkswagen Head Designer Klaus Bischoff calls it, "vibrancy and energy on four wheels". Almost 60 years ago, Bruce Meyers created the Meyers Manx - an indecently cute VW Beetle-based dun...

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Local Wisconsin officials reassured by Foxconn

Local Wisconsin officials reassured by Foxconn

Woo said it would be more profitable to make LCD panels in China and Japan, then ship them to Mexico for final assembly. Such a move could undermine promises to create 13,000 jobs at a project haile...

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Scott Morrison promises 1.25 million jobs if Government re-elected

In its best poll ratings since Turnbull's removal, the Coalition's primary vote went up two points to 37 per cent, meanwhile Labor dropped three points to 38 per cent. The Australian federal election...

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Brexit vote: May and Varadkar to hold talks

Brexit vote: May and Varadkar to hold talks

A similar amendment, Amendment B, presented by Labour's Yvette Cooper, sought to delay Brexit until the end of 2019, and was also defeated. Before the previous vote, parliament held five days of deb...

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European Union to rule out Brexit renegotiation should Brady amendment pass

European Union to rule out Brexit renegotiation should Brady amendment pass

European Council president Donald Tusk also said in a tweet: "My message to PM @theresa_may: The EU is clear and consistent". The prime minister implored MPs to give her a big mandate to demand a be...

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US Federal Reserve holds interest rates steady, vows 'patience'

US Federal Reserve holds interest rates steady, vows 'patience'

The Fed kept interest rates unchanged and definitively signalled a cautious approach to further interest rate hikes, with Fed chairman Jerome Powell saying "the case for raising rates has weakened s...

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China, US launch trade talks amid deep differences

China, US launch trade talks amid deep differences

On Monday, the US Justice Department unsealed a host of criminal charges, including bank fraud, obstruction of justice and theft of technology, against Chinese telecommunications giant Huawei and its ...

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Fed to be

Fed to be "patient" with rate changes

President Trump , meanwhile, has been an outspoken critic of the Fed's interest rate hikes. Jerome Powell , Chair of the Board of Governors of the Federal Reserve System, is scheduled to deliver his ...

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Strong Q2 cloud revenue growth continues to drive Microsoft forward

Strong Q2 cloud revenue growth continues to drive Microsoft forward

It also seems like people are actually using that social network more, as Microsoft claims sessions have increased by 30 percent. The Redmond software house heaped praise on Azure and Office 365 i...

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Carlos Ghosn says fellow executives plotted to oust him

Carlos Ghosn says fellow executives plotted to oust him

The alliance, which brought Mitsubishi Motors into its fold in 2016, is now in crisis with its former Chairman Carlos Ghosn arrested and indicted on charges of misconduct. And Saikawa, a former pr...

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Tesla reports smaller Q4 profit than previous quarter

Tesla reports smaller Q4 profit than previous quarter

Shares of Tesla fell 2% in after-hours trading. Zach Kirkhorn, Tesla's vice president of finance, will replace Ahuja, who is about 56 years old. But he acknowledged it was paramount to cut costs t...

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China, Russia condemn new round of United States sanctions on Venezuela

China, Russia condemn new round of United States sanctions on Venezuela

There was no immediate response from Maduro's government. The offer was made just hours before Mr Guaidó was due to attend mass protests across the country today to call for Mr Maduro to step down...

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US lifts sanctions on Rusal, other firms linked to Deripaska

US lifts sanctions on Rusal, other firms linked to Deripaska

The U.S. administration later reached a deal with the Russian firms to end Deripaska's control in return for a lifting of sanctions. The tycoon is known to have friendly relations with Russian Presi...

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Wall Street starts the week sharply lower amid disappointing revenue figures

Wall Street starts the week sharply lower amid disappointing revenue figures

The company said its sales were slowing in China. TRADE TALKS LOOM: Talks aimed at resolving the impasse over Chinese technology policy and other issues are due to resume in Washington this week, le...

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Venezuela Targets Opposition Leader With Travel Ban, Bank-Account Freeze

Venezuela Targets Opposition Leader With Travel Ban, Bank-Account Freeze

With the Venezuela crisis deepening a geopolitical showdown between Washington and Moscow across various global flashpoints, Maduro also expressed "pleasure and gratitude" for Putin's help. Under Ve...

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The price of ‘Forever’ stamps just went up

The price of ‘Forever’ stamps just went up

The Postal Service lost almost $4 Billion in 2018 following less volume and higher pension and health care costs. First-class mail prices rose by 10 percent. The agency, which also announced other p...

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Nissan faces U.S. probe as Carlos Ghosn investigation widens

Nissan faces U.S. probe as Carlos Ghosn investigation widens

A Nissan spokesman confirmed the automaker received an inquiry from the SEC but gave no further details. "We are being vigilant to ensure the balances of the alliance are preserved", Macron said at ...

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Perdue recalls mislabeled chicken nuggets containing milk

Perdue recalls mislabeled chicken nuggets containing milk

Earlier this month, Perdue was forced to recall almost 70,000 pounds of chicken products. The panko-breaded chicken nugget items were produced on November 26 and have a "best if used by" date of No...

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Chick-fil-A offering heart-shaped containers of chicken

Chick-fil-A quietly confirmed earlier this month that participating restaurants across the country will be offering heart-shaped trays of chicken nuggets and Chick-n-Mini's in honor of the holiday.

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Wendy's Offering Free Baconators To Door Dash Users This Week

Wendy's Offering Free Baconators To Door Dash Users This Week

McDonald's "Free Bacon Hour" is from 4pm-5pm today (Jan. 29). Newcastle upon Tyne, England - March 5, 2011: McDonald \'s Big Mac value meal isolated on a white background. Wendy's is now offering ...

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USPS says Kansas mail delivery will happen Wednesday

USPS says Kansas mail delivery will happen Wednesday

Retail offices will be open. In the affected areas, the USPS said the cold temps will prevent pickup from businesses, collection boxes and residential and commercial package pick-up services. Temper...

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Airline Passenger Criticized Fat Shamer on Flight

Airline Passenger Criticized Fat Shamer on Flight

The woman said: "I can't sit here because they're both so big". 'I can't even sit here'. "I'm stuck, but at least they'll keep me warm", the woman could be heard saying in a video Rodgers recorded of ...

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Nvidia and Caterpillar Point to Weakness in China as Outlooks Dim

The blue chip Dow Jones Industrial Average finished at 24528.22, down 208.98, or -0.84%. Shares of the company, considered an economic bellwether, tumbled 10 per cent Monday, the worst sell-off in...

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Facing Billions in Wildfire Liabilities, PG&E Files for Bankruptcy

Facing Billions in Wildfire Liabilities, PG&E Files for Bankruptcy

PG&E crew work on power lines to fix damage caused by the Camp Fire in Paradise, California , U.S. November 21, 2018. PG&E's stock price has fallen as low as $7.39 over the last week and is now t...

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Intel plans $11 billion expansion in Israel

Intel plans $11 billion expansion in Israel

Intel Vice President Daniel Benatar and Intel Israel CEO Yaniv Garty informed Finance Minister Moshe Kahlon and Economic Minister Eli Cohen on Monday that the company's management chose to make the ...

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Royal Mail warns over worsening decline in letter mailings

Royal Mail warns over worsening decline in letter mailings

That represents a big fall on its adjusted operating profit before costs of 694 million pounds ($914 million) a year ago. Shares dropped by around 13 per cent as Royal Mail slashed the upper range o...

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Fed likely to send reassuring note of patience on rate hikes

Fed likely to send reassuring note of patience on rate hikes

Morgan economist Michael Feroli said in a preview analysis of the coming Fed session. The CBO said it expects the Fed to reduce the main rate in 2025 to counteract the drag on economic growth stemmi...

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Trump’s tariffs completely wiped out Harley-Davidson profits last quarter

Trump’s tariffs completely wiped out Harley-Davidson profits last quarter

Shares closed $1.85 lower at $34.76. U.S. sales, which account for roughly half of Harley's sales, fell 10.1 percent compared to the fourth quarter of 2017. "Surprised that Harley-Davidson, of all c...

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UK Conservative pro-Brexit group says will back Brady amendment

UK Conservative pro-Brexit group says will back Brady amendment

After months of refusing to take the chaos of no deal off the table, the Prime Minister must now face the reality that no deal is not an option. She is asking MPs to arm her with a mandate to remove...

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