Economy

Glencore investigated by Serious Fraud Office over suspected bribery

Glencore investigated by Serious Fraud Office over suspected bribery

The DOJ is probing Glencore over money laundering related to its operations in Nigeria, Venezuela and the Democratic Republic of Congo, while the CFTC is probing Glencore over potential corrupt pr...

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Pinterest and The Knot will change how they promote plantation weddings

Pinterest and The Knot will change how they promote plantation weddings

Knot's plan includes "new guidelines to ensure that wedding vendors on their websites do not use glorifying language, celebrating or romanticizing the history of Southern plantations"; Marketing Direc...

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ABP to increase base price for cattle next week

ABP to increase base price for cattle next week

Protests at the gates of meat processing plants across the country have ended in arrests and injuries, while a Chinese delegation was prevented from entering certain sites for inspections during the s...

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USA regulators find Cambridge Analytica deceived Facebook users

USA regulators find Cambridge Analytica deceived Facebook users

The complaint also alleged that Cambridge Analytica claimed it participated in the EU-US Privacy Shield after allowing its certification to lapse. The consultancy's clients included President Dona...

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Ford recalls 231,000 F-Series Super Duty trucks for tailgates suddenly opening

Ford recalls 231,000 F-Series Super Duty trucks for tailgates suddenly opening

According to Ford , water may be able to enter the electrical wiring system that operates the electric tailgate latch-release. Ford is not aware of any reports of accidents or injuries related to t...

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Amazon takes big new office space near Hudson Yards

Amazon takes big new office space near Hudson Yards

It's a different plan than HQ2, the name of the NYC headquarters Amazon abruptly cancelled in February amid huge political backlash over the financial incentives it received from the city. "I'll m...

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PG&E agrees to $13B settlement with California fire victims

PG&E agrees to $13B settlement with California fire victims

Pacific Gas & Electric has agreed to pay more than $13 billion to the California families affected by wildfires and other blazes started by the company's power lines in 2017 and 2018, the company ...

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M&G Property fund closure no reason to panic investors told

In the aftermath of the Brexit referendum in 2016, M&G's fund was shut from July to November, as panicked investors fearing a collapse in values were prevented from withdrawing their cash. Investment ...

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Another Recall of Romaine Lettuce

Another Recall of Romaine Lettuce

A massive recall of romaine lettuce was also issued previous year due to similar contamination and illness reports. At least 62 new cases were reported since the outbreak was first announced in Nove...

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BMW No Longer Charges for Apple CarPlay

BMW No Longer Charges for Apple CarPlay

While automakers have been trying to keep phone companies away from their vehicles for years, believing they could offer a better system themselves, more and more companies are now caving to consumers...

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CP locomotive engineer dies in accident at Port Coquitlam rail yard

CP locomotive engineer dies in accident at Port Coquitlam rail yard

Sell signals can be generated through a variety of methods. It is pertinent to note that the levels of 70 and 30 needs to be adjusted according to the inherent volatility of the security in questio...

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JUST IN: Elon Musk Found Not Liable in ‘Pedo Guy’ Defamation Case

JUST IN: Elon Musk Found Not Liable in ‘Pedo Guy’ Defamation Case

Wood said it was important to challenge Musk's tweet in court even if they didn't win. The high-profile spat between Musk and Vernon Unsworth dates from July 2018, when the billionaire and t...

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US Stock Market Overview - Stocks Slide on US-China Trade Concerns

US Stock Market Overview - Stocks Slide on US-China Trade Concerns

Commerce Secretary Wilbur Ross on Monday called a "logical deadline". "In some ways, I think it is better to wait until after the election if you want to know the truth". In the case of Argentina an...

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India's central bank keeps key interest rate unchanged — Surprise

India's central bank keeps key interest rate unchanged — Surprise

Bandhan Bank's chief economist and head of research Siddhartha Sanyal said, "We are seeing a pause but the rate cut cycle is not over". Mumbai: The Reserve Bank of India maintained Thursday its ...

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No discussion yet on China tariffs

No discussion yet on China tariffs

Top White House economic adviser Larry Kudlow said Friday that President Trump likes where trade talks with China are going and a deal is "close", but that a December 15 deadline remains in place ...

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Elon Musk testifies British diver insulted him

Elon Musk testifies British diver insulted him

Elon Musk has owned up to insulting a British spelunker in a rash tweet , but wouldn't concede on the witness stand that he called the man a pedophile. Musk has apologized for lashing out at Unswort...

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United States added 266K jobs in November, unemployment remains at 50-year low

United States added 266K jobs in November, unemployment remains at 50-year low

Employers have been adding jobs at a solid enough pace to absorb new job seekers and to potentially lower the unemployment rate, though the pace of job growth is still down from last year's rate. On a...

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Opec countries, Russian Federation to cut oil output, pushing up prices

Opec countries, Russian Federation to cut oil output, pushing up prices

He added that after improved compliance from other members, the actual cut will be effectively 2.1 million bpd. The group, which alone accounts for around 10 percent of the world's crude oil, said T...

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Wall Street opens higher for second straight session

Wall Street opens higher for second straight session

But on Wednesday, the market staged a rally, bouncing back. Benchmark crude oil lost 21 cents to $58.22 per barrel in electronic trading on the New York Mercantile Exchange. Private employers adde...

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Nissan GT-R50 By Italdesign Production Version Goes Official

Nissan GT-R50 By Italdesign Production Version Goes Official

The exterior redesign turns the heads of even the most non-car people out there, and under the hood, the 3.8-liter V6 is that little bit more potent. Nissan will be making just 50 examples of this s...

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US trade gap narrows as imports fall amid China conflict

US trade gap narrows as imports fall amid China conflict

The US trade deficit in October unexpectedly fell to its lowest level in more than a year as Americans imported billions less in autos and consumer goods like toys and mobile phones, according to gove...

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Uber Says Almost 3,000 Sexual Assaults Were Reported in 2018

Uber Says Almost 3,000 Sexual Assaults Were Reported in 2018

Changes you'll see in the app will include an option for a four digit PIN that helps drivers and riders verify each other, the national rollout of the ability to report non-safety issues during a ride...

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GM and LG team up to build EV batteries in the US

Groundbreaking is expected to take place in mid-2020. The investment builds upon GM's decision to pump $28 million in a MI battery lab, last year. GM said the state-of-the-art plant would create m...

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Bank of Canada keeps key interest rate unchanged

Bank of Canada keeps key interest rate unchanged

Gross domestic product in the third quarter increased at an annual rate of 1.3 per cent, an uninspiring result, but exactly the outcome that the bank had predicted. That's bolstering the central bank'...

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Trans Mountain pipeline construction milestone celebrated in Alberta

Trans Mountain pipeline construction milestone celebrated in Alberta

Trans Mountain Corp. chief executive Ian Anderson believes construction crews will be in a position to start putting pipelines in the ground in British Columbia in the spring, as the company has autho...

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Saudi Aramco considers pricing at top to become worlds biggest IPO

Saudi Aramco considers pricing at top to become worlds biggest IPO

For Crown Prince Mohammed Bin Salman, the sale could help restore credibility undermined by setbacks to his blueprint to overhaul the economy and a global reputation tarnished by the murder of Washing...

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Huawei calls FCC's new restrictions unconstitutional in legal challenge

Huawei calls FCC's new restrictions unconstitutional in legal challenge

The lawsuit announced Thursday is Huawei's second legal challenge this year to USA government efforts to reduce its market access. In February, it also threatened to sue the Czech government for sayin...

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Ford and McDonald’s are turning coffee waste into vehicle parts

Ford and McDonald’s are turning coffee waste into vehicle parts

But when chaff is heated in a low-oxygen environment and mixed with plastic to form small pellets, these pellets form a lightweight, durable, high-heat-resistant material that can be moulded into just...

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RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%

RBI surprise: Repo rate left unchanged; FY20 GDP forecast lowered to 5%

The committee maintained its accomodative stance. The status quo was voted unanimously by all the MPC members. While all 34 economists surveyed by Bloomberg News as of Wednesday had forecast a red...

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Elon Musk goes on trial over 'pedo guy' tweet

Elon Musk goes on trial over 'pedo guy' tweet

The story was destined to be fodder for a Hollywood blockbuster - and that was before an eccentric billionaire got involved. Unsworth was a diver on the ground in Thailand attempting to aid the Th...

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Mass cancellations, delays caused by 27-day rail strikes in Britain

Mass cancellations, delays caused by 27-day rail strikes in Britain

Guards will strike every day this month except for December 12 - the day of the general election - as well as Christmas Day and Boxing Day, when trains don't run anyway. "There is no rational explanat...

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Dollar falls broadly on renewed U.S.-China trade tension

Dollar falls broadly on renewed U.S.-China trade tension

Trump has readied an additional 15 percent tariff on about $156 billion of Chinese goods set for December 15, but there is little sign that the "phase one" deal announced in October will take p...

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US facing possible french fry shortage due to weak potato harvest

US facing possible french fry shortage due to weak potato harvest

While some farmers were able to save portions of their crops for storage, United Potato Growers of Canada estimates that about one fifth of Manitoba's potato crops went unharvested. Factories that s...

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Ashland steel plant could startup again after $1 billion merger

Ashland steel plant could startup again after $1 billion merger

Leaders of the two companies touted the merger as an opportunity to create a vertically integrated steel company that will provide greater value to shareholders. WSAZ reports the merger could create w...

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Saudi Aramco attracts $38bn in orders from institutional investors

Saudi Aramco attracts $38bn in orders from institutional investors

Another two sources added: "The latest OPEC analysis , drawn up by OPEC's Economic Commission Board (ECB), showed a large oversupply and build-up in inventories in the first half of 2020, if not ...

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