Economy

JPMorgan Bank is Set to Develop its Own Cryptocurrency-JPM Coin

JPMorgan Bank is Set to Develop its Own Cryptocurrency-JPM Coin

Treasury services. J.P. Morgan now hold large amounts of dollars in subsidiaries across the world. Once corporate adoption takes off, Farooq said that the bank might even try to expand its crypto...

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Tesla Disses Cats, Rolls Out Dog Mode In Over-The-Air Update

Tesla Disses Cats, Rolls Out Dog Mode In Over-The-Air Update

It said the temperature inside a vehicle can rise nearly 20 degrees in just 10 minutes. Tesla has rolled out a new mode for pet owners that creates a safe environments for pets to stay in the auto...

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Police raid homes to stop Valentine’s Day celebrations in Indonesia

Police raid homes to stop Valentine’s Day celebrations in Indonesia

People called the day "overhyped", or said "everyday with my love is valentine's day", or "it is too crowded even to step out" and "we aren't kids in school anymore". It is true that the celebration o...

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Moscow tops ranking of most congested cities in the world

Moscow tops ranking of most congested cities in the world

London and Edinburgh are said to be the UK's slowest cities. The commission is also working with five "case study" cities - the Liverpool City Region, West Yorkshire Combined Authority including Leeds...

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US’ Mnuchin upbeat for Beijing trade talks with Liu after unusual photos

US’ Mnuchin upbeat for Beijing trade talks with Liu after unusual photos

Imports declined 1.5 percent to $178.4 billion. Still China's trade surplus with the USA for the month stood at $27.3 billion. The increased outlays included big jumps for Medicare, Social Securit...

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Fashion startup Zilingo raises $226 million from Singapore's Temasek, others

Fashion startup Zilingo raises $226 million from Singapore's Temasek, others

The company had last raised funds in April last years. Zilingo , a Southeast Asia-focused fashion ecommerce platform co-founded by 27-year-old Mumbai native Ankiti Bose , has reached near-unicor...

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OPEC squeezes oil output to 4-year low, Russia compliance low

OPEC squeezes oil output to 4-year low, Russia compliance low

The combination of the OPEC-led production cuts, the increased reduction by the Saudis and in a limited way, the sanctions against Venezuela are helping to underpin prices, but in order to put the mar...

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Airbus to stop the production of A380 superjumbo jet

Airbus to stop the production of A380 superjumbo jet

The lessor struggled to find new customers for the aircraft so much, that it chose to scrap the two A380s and sell them for parts. The Toulouse-based plane manufacturer and Emirates reached an agr...

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Apple and Google asked to review Saudi app that can track women

Apple and Google asked to review Saudi app that can track women

With the app, men can input a woman's name and passport number. But the Absher app has made the process much more convenient for men, and human rights advocates are concerned that the electronic t...

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Reddit Raises $300 Million At A $3 Billion Valuation

Reddit Raises $300 Million At A $3 Billion Valuation

Some media later suggested that the investment created "a great deal of confusion", as Reddit is now blocked in China. The proposed funding prompted a wave of criticism on Reddit , which many of it...

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SEC Files Lawsuit Against Former Apple Executive for Insider Trading

SEC Files Lawsuit Against Former Apple Executive for Insider Trading

The regulator claims Levoff received confidential information about the tech giant's quarterly earnings as part of a review of draft materials, and then used that information to buy and sell Apple s...

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Ford recalls 1.48 million F-150 pickups in North America over transmissions

Ford recalls 1.48 million F-150 pickups in North America over transmissions

A row of new Ford F-150 pickup trucks are parked for sale at a Ford dealer in the Denver suburb of Broomfield, Colorado, U.S., April 14, 2011. - Ford Motor Company has issued three separate recalls ...

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New £81k Range Rover Sport HST gets mild-hybrid power

New £81k Range Rover Sport HST gets mild-hybrid power

Range Rover has announced the addition of a special version of the Range Rover Sport . This second wave of engines, with a Mild Hybrid 48V system and performance-boosting technologies, is engineer...

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General Motors and Amazon may back electric truck startup Rivian, report says

General Motors and Amazon may back electric truck startup Rivian, report says

With consumer preference shifting to larger vehicles and trucks typically the most profitable models in the lineup for established automakers, analysts say the move to develop electric trucks was near...

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OPEC cuts 2019 oil demand forecast on global slowdown

OPEC cuts 2019 oil demand forecast on global slowdown

An oil pump is seen at sunset outside Scheibenhard, near Strasbourg, France, October 6, 2017. International Brent crude futures were up 50 cents, or 0.8 percent, at $62.01 per barrel. Venezuela has ...

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Thailand: Huawei sets up the first 5G test platform in Southeast Asia

Thailand: Huawei sets up the first 5G test platform in Southeast Asia

It will be located in Chonburi, which housed the Thai military government's $45 billion economic project - the Eastern Economic Corridor. Huawei, the world's top producer of telecoms equipment and s...

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Nissan's profit drops amid former chair Ghosn's arrest

Nissan's profit drops amid former chair Ghosn's arrest

In the wake of the Ghosn affair - in which the alleged improprieties occurred over almost a decade - Nissan has pledged to review its governance, including a possible overhaul of the board's composi...

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Retail inflation eases to 2.05% in January

Thirteen out of the 23 industry groups in the manufacturing sector showed positive growth in December compared to the same month the previous year. "It is noteworthy that the path of inflation has m...

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McConnell: Yes, We'll Be Voting on the Green New Deal

McConnell: Yes, We'll Be Voting on the Green New Deal

The name, Green New Deal, references the New Deal of the 1930s that President Franklin Roosevelt implemented to aid Americans suffering in the Great Depression by embarking on huge government-led infr...

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Solar power best bet for the bank account

Solar power best bet for the bank account

Premier Gladys Berejiklian today announced the 10-year Empowering Homes program, which will unlock a $3.2 billion investment in renewables and give families the opportunity to install solar energy a...

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Mitsubishi ASX unveiled before debut in Geneva

Mitsubishi ASX unveiled before debut in Geneva

Now the third-highest selling vehicle offered by MMC, the ASX is key to the company's global strategy. Its lightweight, compact body combined with an SUV's commanding driver sightlines give the ASX...

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Toys R U.S. plans second act under new name

Toys R Us fans in the USA will see the iconic brand re-emerge in some form by this holiday season. The emphasis will be national growth and technology, as toymakers recognize the value of Toys R Us ...

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Airline sues passenger who missed his flight

Airline sues passenger who missed his flight

Why is that possibly a big deal? Its website states: "Our flights are so cheap, United (Airlines) sued us... but we won". The airline hack is known as the "hidden city" scheme, in which a person b...

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British cabinet ministers believe PM May preparing to resign

British cabinet ministers believe PM May preparing to resign

A legally binding time limit to the existing backstop. "Further delay is unlikely to be welcomed by business, however, the Prime Minister appears determined to push her deal to the wire, given the l...

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Jamaican Lotto Winner Claims $1.2 Million Prize In Scream Mask

Jamaican Lotto Winner Claims $1.2 Million Prize In Scream Mask

A Jamaican man found a loophole in rules pertaining to winning a big lottery jackpot. Mr Campbell waited 54 days to collect his $158.4 million ($1.17 million US) prize from the nation's Super L...

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Opec tightens its taps as global oil demand stalls

Opec tightens its taps as global oil demand stalls

Rising investor optimism for a breakthrough in the latest round of U.S. -China trade discussions also boosted futures as members of both sides met in Beijing. Saudi Arabia plans to pump around 9.8 mil...

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Hacker destroys all data held by U.S. email provider

Hacker destroys all data held by U.S. email provider

As further detailed in the alerts published on VFEmail's website, given that the U.S. mail was completely wiped out from all servers, "If you have your own email client, DO NOT TRY TO MAKE IT WORK"....

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Aurora Cannabis loses $237.7 million in Q2 even as revenues surge

Aurora Cannabis loses $237.7 million in Q2 even as revenues surge

The increase was driven by $21.6 million in consumer sales in Canada and $26 million in Canadian and global medical marijuana sales. "We are going to have to see a better retail infrastructure in prov...

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FDA to Tighten Oversight of Supplements

The FDA also announced a crackdown on more than a dozen supplement makers that had allegedly touted misleading claims about their products' ability to treat serious diseases including Alzheimer's and ...

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China Upbeat on US Trade Talks, But S. China Sea Tensions Weigh

China Upbeat on US Trade Talks, But S. China Sea Tensions Weigh

Doss confirmed the sailings to CNN . "All operations are designed in accordance with global law and demonstrate that the United States will fly, sail, and operate wherever worldwide law allows", sa...

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Toys

Toys "R" Us wants to return to the United States

The company said some former Toys "R" Us employees are part of the comeback effort. Barry previously worked at Toys R Us for 33 years, rising to the rank of global chief merchandising officer. In addi...

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Eero had grand smart home aspirations. Now Amazon owns them all

Eero had grand smart home aspirations. Now Amazon owns them all

The merger is expected to be completed by the first half of 2019. With flexible configurations for different sizes and shapes of home, the company's goal is to eliminate dead spots. Google , Amazon'...

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BC Ferries cancels evening sailings due to snow

Highway 19 from Black Creek to Nanoose Bay appears to be rapidly gathering snow, along with the Old Island Highway. Surfaces such as highways, roads, walkways and parking lots may become hard to nav...

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Bezos probe concludes mistress' brother was Enquirer source

Bezos probe concludes mistress' brother was Enquirer source

A person familiar with the matter told the newspaper "The New Kingdom" issue fawning over Prince Mohammed was "done to kiss his ass when he came to visit in the hopes he'd invest in the company and it...

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Apple iPhone sales in China plunged 20% in 4Q

Apple iPhone sales in China plunged 20% in 4Q

The smartphone users of brands like Apple is now contending with a plateauing global market after years of breakneck growth. A separate report from another common industry source, Hong Kong-based ...

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