Economy

Former intelligence official reacts to Iran strike on U.S.

Iraq time (2230 GMT on Tuesday). The Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for the attacks that were retaliated for the assassination of Iranian General Qassem Soleimani . A...

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Rail update Northern franchise

Rail update Northern franchise

Mr Shapps made the comment after hearing a summary of the franchise's most recent available financial information. Northern Rail is expected to come under state control when the distressed franchise...

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Ripple and Thailand’s SCB to launch mobile payment app

Ripple and Thailand’s SCB to launch mobile payment app

Ripple and SCB are also working together on another project to offer cross-border EMVCo-QR payments. The Siam Commercial Bank (SCB) said that it would develop a payment app which worked on Rippl...

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Minimum wage increase goes into effect in IL

Minimum wage increase goes into effect in IL

Suicide is now one of the top 10 leading causes of death in the United States, with an estimated 47,000 preventable suicides happening in 2017 . 'Minimum wage laws may be especially important dur...

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Tesco sales barely grow in tough Christmas for grocers

Tesco sales barely grow in tough Christmas for grocers

British shoppers turned particularly cautious in 2019 as wage growth slowed and political uncertainty gripped the country. Supermarket Tesco PLC (LON:TSCO) sales fell 0.9% on a like-for-like (LFL)...

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USA stocks down after hitting record highs

USA stocks down after hitting record highs

The numbers are key because a strong job market has been propping up the economy and enabling US households to continue to spend, even as manufacturing weakens due to tariffs and trade wars. US Presid...

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Dow hits a new record: 29,000 points

Dow hits a new record: 29,000 points

The president also showed his restraint in his remarks, saying that "Iran appears to be standing down", which is "a good thing" for all parties concerned. Among the day's decliners was the department ...

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Toyota, Mazda, Suzuki Recall 18,000 Cars Due To Serious Safety Risk

Toyota, Mazda, Suzuki Recall 18,000 Cars Due To Serious Safety Risk

ACCC Chair Stephen Ridgeway told Jo McManus, the auto makers have said they may buy-back affected models and drivers should contact the manufacturer. Stephen Ridgeway, acting chair of the Australian...

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Industrial output: India's November IIP grows 1.8%, signalling recovery

Industrial output: India's November IIP grows 1.8%, signalling recovery

India's industrial production recovered from three months of contraction to expand by 1.8% in November, signalling an early but weak improvement in the economy. "Relative to the previous year, growt...

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McDonald's Expands Meatless Burger Trial in Canada

McDonald's Expands Meatless Burger Trial in Canada

This week, the California based company Impossible Foods announced it will be testing out a new plant based pork patty in select Burger King locations. McDonald's Corp said on Wednesday it will ex...

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Mercedes, Geely enter joint venture for Smart brand

Mercedes, Geely enter joint venture for Smart brand

The global headquarters of the new joint venture has been set in Hangzhou Bay, Ningbo, with operational sales functions based in China and Germany. As most other things Geely, all future smart cars ...

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GM is giving Hummer a second life as an electric pickup

GM is giving Hummer a second life as an electric pickup

At the moment, the automaker reportedly plans to reinvent the Hummer as a single pickup truck model aimed at off-road enthusiasts. One of the most notorious gas guzzlers of the 1990s looks set to ...

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Refreshed Honda Civic Type R unveiled with subtle upgrades…

Refreshed Honda Civic Type R unveiled with subtle upgrades…

The external design upgrades include a wider front grille along with a new "Boost Blue" paint job, which is exclusive to the Type R. Inside the cabin, the auto gets a new Alcantara-wrapped steering wh...

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People governance, regulation on Zuckerberg's mind this decade

People governance, regulation on Zuckerberg's mind this decade

The man behind the biggest social networking website of the world has been making personal goals since 2009 and avidly shares them with Facebook users via a detailed post at the beginning of every yea...

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Crude oil futures down 0.92 percent

Crude oil futures down 0.92 percent

Crude oil prices fell further Thursday after sharp losses in the day-earlier session, as the market shifted its focus towards rising USA crude stocks and away from fears of an imminent escalation of ...

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Trump claims 4 United States embassies were targeted by Iran

Trump claims 4 United States embassies were targeted by Iran

The crash happened on Wednesday, hours after Iran launched a ballistic missile attack on two military bases housing USA troops in Iraq in retaliation for the United States killing of a top Iranian gen...

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Fed's Clarida: U.S. Economy Begins 2020 'In a Good Place'

Fed's Clarida: U.S. Economy Begins 2020 'In a Good Place'

There are some indications that the global growth headwinds are beginning to abate, Federal Reserve Vice Chairman Richard Clarida said in his prepared remarks to be delivered at an event in NY on Thur...

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Holiday Retail Sales Disappointed at Department Stores

Holiday Retail Sales Disappointed at Department Stores

Penney) as it enters 2020", said Neil Saunders, managing director of GlobalData Retail, a research firm. But despite a steep sales decline, it reaffirmed its outlook for the year. Penney, which is try...

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Ga. man breaks into Taco Bell, cooks and takes nap

Ga. man breaks into Taco Bell, cooks and takes nap

Current salaries for general managers at company-owned Taco Bell restaurants are between $50,000 and $80,000, according to the company. The news comes in an effort to try and hold onto workers. "F...

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Iowa poll: Klobuchar stuck behind top Democratic contenders

Iowa poll: Klobuchar stuck behind top Democratic contenders

The poll found a clear top tier of four candidates competing in Iowa. In the last Des Moines Register poll in November, Klobuchar also finished fifth, with 6% support. With voters preparing to ren...

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Tesla is now worth more than GM and Ford combined

Tesla is now worth more than GM and Ford combined

Beijing is in the process of ending attractive subsidies for electric cars as well, which caused more than 40% drop in electric vehicle sales in China in November. "We are holding today a ceremony to ...

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USA jobs growth slows in December

USA jobs growth slows in December

Do you plan to look for a new job in 2020? . At a 3.5 percent jobless rate, employers report difficulty finding workers to fill the 7.3 million unfilled jobs in America. The central bank has kept its...

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Starbucks Pours New Almondmilk Honey Flat White And Coconutmilk Latte

Starbucks Pours New Almondmilk Honey Flat White And Coconutmilk Latte

Starbucks has sold lattes and coffees with oat milk in Europe since 2018 and at a few of its upscale Reserve locations in the United States since previous year. "We love how the nuanced flavor you g...

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Maajid Nawaz's incredibly powerful speech on US Iran tensions

Maajid Nawaz's incredibly powerful speech on US Iran tensions

In December 2018, Canadian authorities in Vancouver detained tech scion Meng Wanzhou, the chief financial officer of Chinese communications giant Huawei and the daughter of the company's founder, in r...

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Lebanon Slaps Carlos Ghosn With Travel Ban

Lebanon Slaps Carlos Ghosn With Travel Ban

Earlier in the week, Ghosn spoke to the world's media from Beirut, Lebanon about the case against him brought forward by Japanese prosecutors. His dramatic escape has raised tensions between Japan a...

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Winning ticket for $70M Lotto Max jackpot sold in Brampton

Winning ticket for $70M Lotto Max jackpot sold in Brampton

There were also nine Quebecers who made off with winnings from the Max Million jackpot: One Quebecer won a sweet $1 million prize, six won $500,000 and two won $333,000. For each $5 play, players rece...

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Nirmala Sitharaman absent as PM Modi meets economists

As per the first advance estimates of the national income released by the National Statistical Office (NSO), the manufacturing sector output growth will decelerate to 2% in 2019-20, down from 6.9% in ...

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US senator wants intelligence sharing ban with countries that allow Huawei

US senator wants intelligence sharing ban with countries that allow Huawei

To that end, it will send its State Secretary Mike Pompeo to meet with British Foreign Secretary Dominic Raab tomorrow in Washington, according to Reuters . Part of the US 2020 defense spending law s...

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Serious TikTok security flaw uncovered - and it's already been patched

Serious TikTok security flaw uncovered - and it's already been patched

This attack requires the attacker to know the phone number of the intended victim; this could be via already being connected to them in some way, obtaining it through social engineering or phishing ,...

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Bed Bath & Beyond Reports Big Q3 Earnings Miss, Withdraws Guidance

Bed Bath & Beyond Reports Big Q3 Earnings Miss, Withdraws Guidance

Bed Bath & Beyond's sales at stores open for at least a year dropped 8.3 percent during the quarter and the retailer lost $29 million. Analysts had forecast full-year earnings of $1.89 a share on re...

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House Approves Measure to Rein in Trump on Iran

House Approves Measure to Rein in Trump on Iran

Pence added on Fox News that "we're simply not able to share with every member of the House and Senate the intelligence that supported the president's decision to take out Qasem Soleimani ", but "I c...

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Uber Introduces Changes To Avoid California's New Gig Economy Law

Uber Introduces Changes To Avoid California's New Gig Economy Law

The final price will be calculated at the end of the trip. Adjustments for passengers embody a shift from exhibiting upfront pricing on journeys to exhibiting an estimated worth vary, the flexib...

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World Bank Trims Global Growth Forecast Amid U.S.-China Trade War

World Bank Trims Global Growth Forecast Amid U.S.-China Trade War

Armenia's growth is forecast at 5.1 percent, Azerbaijan's at 2.3 percent, and Georgia's at 4.3 percent for 2020. The World Bank said in an updated economic outlook released Wednesday, Jan. In contra...

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Stocks Jump to All Time Highs After Trump’s Iran Speech

Stocks Jump to All Time Highs After Trump’s Iran Speech

As is often the case, Trump flubbed some of the relevant details - for example, the United States has spent $2 trillion on defense over three years; it's not something that "just" happened - but the u...

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Gold steady as investors still wary of U.S.-Iran conflict risk

Gold steady as investors still wary of U.S.-Iran conflict risk

Gold futures for February delivery on New York's COMEX was down $11.35, or 0.7 percent, at $1,562.95 per ounce by 1:25 PM ET (18:25 GMT). Gold prices retreated on Tuesday from near seven-year high...

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