Economy

Day for Australian banks as bombshell inquiry report set for release

Day for Australian banks as bombshell inquiry report set for release

With institutions and their shareholders braced for a major shake-up when the final report and the Morrison government's response is made public after financial markets close on Monday, the chief exec...

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Hill's Pet Nutrition recalls select canned dog food for excessive vitamin D

Hill's Pet Nutrition recalls select canned dog food for excessive vitamin D

Symptoms include vomiting, weakness, loss of appetite, increased thirst & urination, seizures, abdominal pain, and sudden weight loss. The affected dog food was distributed to pet stores and veterin...

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Uber Raises Prices in New York City, Citing New Minimum Wage Law

Uber Raises Prices in New York City, Citing New Minimum Wage Law

Additionally, Juno believes that even while spreading the utilization rate across all companies a driver is logged into, the utilization rate will still result in Uber being able to pay drivers less t...

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U.S. stocks edge up after strong jobs data, mixed earnings

U.S. stocks edge up after strong jobs data, mixed earnings

The U.S. economy added 304,000 jobs in January, according to data released by the Bureau of Labor Statistics. "The re-opening of the US government, the dovish FOMC statement, progress in the US-Chin...

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Eldorado Gold (ELD) Stock Rating Lowered by National Bank Financial

Eldorado Gold (ELD) Stock Rating Lowered by National Bank Financial

Following a pre-defined trading system might be a solid choice for securing profits in the stock market. These traders are generally taking a shorter-term view when studying the market. A value of 25-...

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Mike Ashley buys Sofa.com in cut-price deal -Sky News

Mike Ashley buys Sofa.com in cut-price deal -Sky News

Last year, Sports Direct bought department store group House of Fraser for 90 million pounds ($117.84 million) and snapped up specialist cycling retailer Evans Cycles. LGT European Capital took c...

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304k Jobs Added to U.S. Economy in January

304k Jobs Added to U.S. Economy in January

Average hourly earnings rose 0.1% from January, which is slower than the last few months, but still 3.2% over the year - well above inflation. The private sector economy kept on hiring in January ...

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Deutsche Bank swings to full-year profit after tepid Q4

Deutsche Bank swings to full-year profit after tepid Q4

The bank has also become the subject of rampant merger speculation. However, Deutsche posted a full-year profit of 341 million euros, compared with a net loss of 735 million euros in 2017. Deutsch...

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IT meltdown pushes TSB to £105m loss

IT meltdown pushes TSB to £105m loss

Chief executive Paul Pester stepped down in the wake of the fiasco. Mr Pester is due to be paid £801,030 this year in severance for loss of office. He... TSB executive chairman Richard Meddings said...

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Amazon has another 'Prime' holiday: Profit tops $3 billion

Amazon has another 'Prime' holiday: Profit tops $3 billion

Nonetheless, he said that compared to many other retailers, the firm's retail sales figures were still strong. "Alexa was very busy during her holiday season", said Bezos. Company executives said th...

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Glencore’s copper and cobalt bolstered after restart of operations at mine

Glencore’s copper and cobalt bolstered after restart of operations at mine

Mining giant Glencore backed its 2019 guidance after core copper and cobalt production was bolstered by the restart of operations at its Katanga mine. Copper production met guidance, rising 11% to 1,4...

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BP joins Shell in making plans to combat climate change

BP has said that while it is prioritizing making its fuels more efficient for its customers, it can not commit to targets that go beyond its own operations. However, the company has faced much criti...

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BP to expand emissions disclosure on oil investments

BP to expand emissions disclosure on oil investments

By April 2016, 175 countries signed up in one day at the United Nations Headquarters in NY. As of December, 310 investors covering more than USD32 trillion in assets under management had joined up. BP...

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U.S. appeals court hears challenge to FCC net neutrality repeal

U.S. appeals court hears challenge to FCC net neutrality repeal

The debate centers on a change the FCC made in late-2017 that ended protections that ensured all Internet traffic would be treated equally. The court challenge statement emphasized the efforts for m...

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Nissan scraps new SUV launch for Sunderland plant

Nissan scraps new SUV launch for Sunderland plant

Tory Remainer Anna Soubry tweeted that it was "difficult not to be angry" at the reports, adding: "This is Brexit reality". In the autumn of 2016, Nissan announced plans to build the new version o...

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New BMW 7 Series plug in hybrid models revealed

New BMW 7 Series plug in hybrid models revealed

It offers a total electric range of 54-58 km (33-36 miles) for the 745e (52-55 km for the 745 Le and 50-54 km for the 745Le xDrive). Driving in hybrid mode, both models are capable of travelling up to...

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RCom to go for insolvency as it fails to repay debt

RCom to go for insolvency as it fails to repay debt

RCom said this course of action will be in the best interest of all stakeholders, ensuring comprehensive debt resolution in a final, transparent and time-bound manner within the prescribed 270 days. A...

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Honda Gives NSX, Civic Type R the Midas Touch

With the help of Vinyl Wraps from Melbourne, Honda Australia chose to celebrate the occasion with a selection of gold chrome film-wrapped products. They also have special badging and satin black acc...

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Cheers as Diageo gives £660m back to investors

Cheers as Diageo gives £660m back to investors

Diageo reported net sales of 6.91 billion pounds ($9.07 billion), up 7 percent on an organic basis, for the six months ended December 31, above analysts' average expectations for organic net sales to...

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TSA agent falls from hotel balcony inside OIA

TSA agent falls from hotel balcony inside OIA

The Orlando Police Department said the male agent jumped from the balcony at the Hyatt Regency Hotel at 9:30 a.m. The officer was pronounced dead after being taken to a hospital, according to th...

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Shell profit soars to $23bn in 2018

Shell profit soars to $23bn in 2018

The firm has a market capitalization of $245.44 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 1.40 and a beta of 0.89. Uhl insisted that Shell can achieve growth, complete its $2...

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Venezuela Prepares to Fly Tonnes of Central Bank Gold to UAE

Venezuela Prepares to Fly Tonnes of Central Bank Gold to UAE

Turkish government statistics stated that between January and September of a year ago, Venezuela exported $900 million of unrefined gold to Turkey before starting to sell gold reserves to allied count...

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Factory activity shrinks across Asia as cooling China threatens global growth

Factory activity shrinks across Asia as cooling China threatens global growth

Although the number was higher than the 49.3 forecast and the 49.4 reported for December, it still came in under 50 which means it is in contraction territory for the second consecutive month. Differe...

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Theresa May said calling Gibraltar a colony was unacceptable

Theresa May said calling Gibraltar a colony was unacceptable

A spokesperson said: " Gibraltar is not a colony and it is completely inappropriate to describe in this way". "This will not change due to our exit from the EU. In particular, it stated: "Gibraltar...

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Tesla's CFO Deepak Ahuja retires, shares tumble

Tesla's CFO Deepak Ahuja retires, shares tumble

Besides this Tesla has seen a few senior exits in the past six months including Charles Mwangi, a Senior Director of Engineering who had been with Tesla since 2012, and one of Tesla's first-ever sales...

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GM set to begin 4,000 white collar layoffs on Monday

GM set to begin 4,000 white collar layoffs on Monday

General Motors is expected to start a new round of layoffs on Monday, cutting over 4,000 white-collar jobs, according to a report. General Motors has not confirmed whether job cuts will be announc...

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Jeff Bezos Questioning Mistress's Trump-Supporting Brother over Leaked Texts

Jeff Bezos Questioning Mistress's Trump-Supporting Brother over Leaked Texts

Last month, The National Enquirer published a series of romantic texts the 55-year-old billionaire had sent to his 49-year-old flame months before his divorce was made public. According to the Dail...

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UK car production and investment sink on Brexit fears

UK car production and investment sink on Brexit fears

The SMMT said that investment dropped by 46.5 per cent compared to 2017 to £588.6m. Once a highly applauded sector, which politicians say has a rare manufacturing success story and employs around 85...

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Government To Conduct New Survey On Employment, Says Bibek Debroy

Government To Conduct New Survey On Employment, Says Bibek Debroy

EPFO's real data shows sharp increase in jobs, created in just the last 15 months. He rejected the findings of the NSSO report citing that India has witnessed an 11-12 percent nominal economic g...

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Promises to Stick by Factory Plans in Wisconsin — Foxconn Damage Control

Promises to Stick by Factory Plans in Wisconsin — Foxconn Damage Control

Foxconn Technology said on Friday that it would build a factory in Wisconsin after the company's chairman spoke to US President Donald Trump . The company announced that following a conversation be...

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Italy falls into recession as output shrinks

Italy falls into recession as output shrinks

In what will be seen as a setback for the new anti-establishment government, as well as for European Union authorities, Italy's official statistics bureau ISTAT reported that gross domestic product fe...

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People's expectation from Interim Budget 2019

People's expectation from Interim Budget 2019

The Finance Minister will announce some taxation changes and schemes. If analysts and experts are to be believed, the budget will focus on the rural sector. Changes in the customs duties, which will m...

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Walmart, Amazon scrambling to comply with India's new e-commerce rules

Walmart, Amazon scrambling to comply with India's new e-commerce rules

Two sources with direct knowledge told Reuters the products were being removed to comply with the new India rules. But India said on Thursday, it had, after "due consideration" decided not to exte...

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Consumer Reports finds heavy metals in fruit juices

Consumer Reports finds heavy metals in fruit juices

We asked all of the companies involved in our testing what they are doing to keep heavy metals out of their products. It can be tricky to identify a specific risk threshold for arsenic in food and...

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IOS 13 to Introduce New Dark Mode, Improved iPad Home Screen

IOS 13 to Introduce New Dark Mode, Improved iPad Home Screen

Apple also plans to have Live Photos upgraded, which would increase video length from 3 to 6 seconds. Apple is expected to unveil iOS 13 at WWDC in a few months time. iOS 13 is going to introduce ...

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