Economy

China's industrial production slows; unemployment up

China's industrial production slows; unemployment up

Average daily steel output over the two months reached 2.54 million tonnes, up from 2.46 million tonnes in December and 2.32 million tonnes in the same months a year ago, according to Reuters calcul...

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VW CEO reportedly mimicked an infamous Nazi slogan during a company event

VW CEO reportedly mimicked an infamous Nazi slogan during a company event

Diess said "ebit macht frei" at an internal company event Tuesday, echoing the maxim "arbeit macht frei" or "work sets you free", which was inscribed on the gates of concentration camps such as Auschw...

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Sports Direct in £150m loan offer to Debenhams

Sports Direct in £150m loan offer to Debenhams

Ashley's Sports Direct , Debenhams' biggest shareholder with close to a 30 percent stake, made its unsecured loan offer late on Wednesday with conditions that include the appointment of Ashley as c...

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Russian oligarch Deripaska sues United States over sanctions

Russian oligarch Deripaska sues United States over sanctions

The Russian says the sanctions on his companies have made him the "latest victim" in the ongoing U.S. probe into Moscow's alleged political interference. These harms continue to compound daily and wil...

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United Kingdom house prices: Ongoing Brexit uncertainty will damage housing market, warns RICS

United Kingdom house prices: Ongoing Brexit uncertainty will damage housing market, warns RICS

The results for February 2019 said Northern Ireland still reported the strongest balance across the United Kingdom regions in both categories. Surveyors reported that buyer demand had fallen for the...

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European Union adds 10 countries, including UAE, to tax blacklist: statement - Economy

European Union adds 10 countries, including UAE, to tax blacklist: statement - Economy

The EU blacklist originally comprised 17 jurisdictions, including the UAE, but shrank to five after most listed states committed to change their tax rules. The Pacific countries which were given a yea...

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Fiscal watchdog slashes United Kingdom growth forecast to lowest since financial crisis

Fiscal watchdog slashes United Kingdom growth forecast to lowest since financial crisis

The growth prediction for 2020 was kept at 1.4%, and the OBR sees an acceleration in the following year. "This would absorb nearly half the government's current headroom of 1.2 per cent of GDP again...

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Wells Fargo CEO Tim Sloan Faces An Angry Congress

Wells Fargo CEO Tim Sloan Faces An Angry Congress

Wells Fargo has shaken up its executive ranks, raised the minimum wage to $15 an hour and given millions to charity, he told them. Among a litany of scandals in recent years was Wells' acknowledging...

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Billionaire Nelson Peltz is getting into the cannabis business (ACB)

Billionaire Nelson Peltz is getting into the cannabis business (ACB)

Aurora is a Canadian producer of marijuana that is listed in both Toronto and NY. Vinesh Pratap got a look inside Aurora Sky. Peltz has ties to high-profile companies including Wendy's , Procter & ...

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Turtle Beach to Acquire PC Accessory Maker ROCCAT for $19.2M

Turtle Beach to Acquire PC Accessory Maker ROCCAT for $19.2M

Acquiring the PC-centric ROCCAT gives Turtle Beach a stronger position in that market, while also offering an opportunity to expand its myriad partnerships into other peripherals. René Korte, CEO of...

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Uber plans to kick off IPO in April

Uber plans to kick off IPO in April

Uber, a global logistics and transportation company most recently valued at $US76 billion ($108 billion) in the private market, is seeking a valuation as high as $US120 billion, although some analysts...

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Interserve to file for administration after rescue plan rejected

Interserve to file for administration after rescue plan rejected

While shareholders will be wiped out, with ownership falling to the lenders, the nature of a pre-pack administration means the company, which employs 45,000 people in the United Kingdom, can continue ...

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Kathmandu security breach may have captured customer data

Kathmandu security breach may have captured customer data

Kathmandu issued an ASX statement on Wednesday notifying authorities of a security incident that has reportedly put its online trading websites in a position of vulnerability. Its wider IT network, ...

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Tesla Model Y: 'Coupe' crossover teased one last time

Tesla Model Y: 'Coupe' crossover teased one last time

The company broke ground on the Shanghai factory in January and its CEO Elon Musk has said the firm aims to finish initial construction this summer and start production of the Model 3 towards the en...

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EU's Verhofstadt: EU must increase pressure on Britain over Brexit

EU's Verhofstadt: EU must increase pressure on Britain over Brexit

They defeated by the narrowest of margins an opposition attempt to let Parliament choose an alternative to May's rejected divorce deal and force the government to negotiate it with the EU. "But I th...

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Rupert Murdochs News Corp calls for Google breakup in Australia

Rupert Murdochs News Corp calls for Google breakup in Australia

RUPERT Murdoch's News Corp has called for Google to be broken up in Australia, the latest salvo in a battle between the corporate media giants. " News Corp Australia considers that divestment i...

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Oil firms as Saudis trim exports, United States output forecast reduced

Oil firms as Saudis trim exports, United States output forecast reduced

Crude oil imports to the USA fell last week by 523,000 bpd to 6.4 million bpd. That amounts to 105 per cent compliance with pledged cuts, according to a Reuters calculation, up from January's rate....

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Google employee calculates pi to more than 31.4 trillion digits

Google employee calculates pi to more than 31.4 trillion digits

It's the number you get when you divide a circle's circumference by its diameter. When I was a kid, I downloaded a program to calculate pi on my computer, ' Emma said. Had any of the servers powering ...

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Jury Awards $29.4 Million in Talcum-Cancer Trial

Jury Awards $29.4 Million in Talcum-Cancer Trial

J&J faces thousands of lawsuits alleging its talc-based products harmed consumers. Plaintiff Teresa Leavitt is a mother of two who said J&J's talc products were used on her as a child, and she use...

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Sigma rejects API merger proposal

Sigma rejects API merger proposal

The API Proposal remains highly conditional and subject to regulatory approvals including any required competition approvals, says Sigma. The deal was worth $726 million at the time but the fall in ...

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Toyota bringing 450 new jobs to Huntsville engine manufacturing plant

Toyota bringing 450 new jobs to Huntsville engine manufacturing plant

Six million engines have come from the local assembly plant. Toyota will invest $13 billion in the United States over the next five years, the company announced Thursday, increasing a prior pledge o...

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Gold Inches Up Close To A Two-Week High Amid Brexit Woes

Gold Inches Up Close To A Two-Week High Amid Brexit Woes

Spot gold rose 0.4 per cent to $US1,298.63 per ounce, while United States gold futures settled 0.5 per cent higher at $US1,297.70. Platinum for April delivery was up 15.1 dollars, or 1.85 percent, to ...

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Facebook, Instagram accounts working after historic outage

Facebook, Instagram accounts working after historic outage

The outages affected countless users and advertisers worldwide. Facebook said the issue had been resolved and that it's systems were recovering. "We made a server configuration change that trigg...

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USA stock indexes end mostly higher, extending market’s gains

USA stock indexes end mostly higher, extending market’s gains

The Dow Jones Industrial Index sharply dropped as a result early Monday, capping gains in the broader markets. Shares in Southwest Airlines sank 2.12 percent while American Airlines lost 0.2 perce...

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Facebook's chief product officer and head of Whatsapp are leaving

Facebook's chief product officer and head of Whatsapp are leaving

On Thursday, the company announced that Chief Product Officer Chris Cox and Chris Daniels, who heads Facebook-owned messaging app WhatsApp , are leaving. Facebook will not appoint a direct replacem...

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Pizza Pizza is offering $3.14 pizzas March 14 only

Pizza Pizza is offering $3.14 pizzas March 14 only

Unfortunately, this deal does not include cheesecakes or seasonal fresh fruit pies. Blaze's Pi Day celebration is back: Eat $3.14 pizzas all day at select Blaze Pizza locations , and you'll get...

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Stocks rise on tame inflation outlook, dollar eases

Stocks rise on tame inflation outlook, dollar eases

Boeing gained for the first time since Sunday's crash of a 737 MAX 8 jet in Ethiopia. The Stoxx Europe 600 Index climbed as most sectors advanced, with shares in the United Kingdom also rising after a...

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VW vows to build 22-million electric cars over next decade

VW vows to build 22-million electric cars over next decade

German carmaker Volkswagen AG says it expects to shed between 5,000 and 7,000 jobs at its core brand by 2023 as a result of increasing automation of "routine tasks". FILE PHOTO: An employee holds a Vo...

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No deal Brexit will bring 0% temporary tariffs on bicycle goods

No deal Brexit will bring 0% temporary tariffs on bicycle goods

The UK will not introduce any new checks or controls on goods moving across the land border into Northern Ireland if the UK leaves the European Union without a deal , it has been announced. The new...

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India Targets Saudi Investment In Strategic Oil Storage

India Targets Saudi Investment In Strategic Oil Storage

India is seeking investment from Saudi Arabia to build emergency crude reserves that will act as a buffer against volatility in oil prices and supply disruptions for the third-largest oil consumer....

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Elon Musk's lawyers: SEC contempt motion

Elon Musk's lawyers: SEC contempt motion "smacks of retaliation and censorship"

The top USA securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk's arguments that his Twitter post about the electric vehicl...

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Flight staff threaten to remove woman for 'inappropriate outfit'

Flight staff threaten to remove woman for 'inappropriate outfit'

Emily O'Connor wrote on Twitter that while preparing to fly March 2 from Birmingham, England , to the Canary Islands, she was informed by Thomas Cook staff that her outfit - a cropped top with spaghe...

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Facebook Facing Criminal Investigation Into Device Data Share Deals

Facebook Facing Criminal Investigation Into Device Data Share Deals

Facebook stated that it is cooperating with investigators. "We've provided public testimony, answered questions and pledged that we will continue to do so", it said in a statement. But a criminal in...

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DISNEY Sets Closing Date for 21st Century Fox Acquisition

DISNEY Sets Closing Date for 21st Century Fox Acquisition

It also vastly reduces the empire of media mogul Rupert Murdoch and his family, who are planning a "new Fox" that includes the USA broadcast network and the Fox News Channel. No official announcements...

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Flights canceled at Orlando International Airport as feds ground 737 Max fleet

Flights canceled at Orlando International Airport as feds ground 737 Max fleet

Europeans tend to book their summer holidays in May, so the grounding may not yet affect bookings for the peak season for the airline industry, the analyst said. Avraham Matsliah, 49, from Ma'ale Ad...

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