Economy

Jeff Bezos sets record with $165 million Beverly Hills home purchase

Jeff Bezos sets record with $165 million Beverly Hills home purchase

The most recent owner of the estate was music and film producer David Geffen, who reportedly purchased it in 1990 for US$47.5 million. The previous record was set past year when Ruport Murdoch's son L...

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Daimler to implement cost-cutting measures to offset sharp loss in 2019

Daimler to implement cost-cutting measures to offset sharp loss in 2019

Shares in the German auto manufacturer climbed 2% after the earnings, which had been flagged in preliminary figures on January 22. To offset its extra costs Daimler is restructuring, scrapping its M...

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Consumer Inflation Worsens To 7.59% In January

Consumer Inflation Worsens To 7.59% In January

According to the data, manufacturing sector output declined by 1.2 per cent compared to growth of 2.9 per cent in the same month a year ago. Food inflation for January 2020 was 13.63%, slightly lo...

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WhatsApp reaches 2 billion users

WhatsApp reaches 2 billion users

In 2014, WhatsApp was acquired by Facebook for nearly $21.8 billion - huge amount even considering that at the time the messaging app already had 500 million users. "Your private conversations stay ...

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Google's head of human resources is stepping down

Google's head of human resources is stepping down

In 2018, Google employees gathered at its campuses located around the world, especially at Mountain View, California , to protest against itsalleged mishandling of workplace sexual harassment cases. ...

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Portugal prosecutor orders seizure of Isabel dos Santos accounts

Portugal prosecutor orders seizure of Isabel dos Santos accounts

The worldwide media published an investigation called " Luanda Leaks , quot; on January 19, alleging that dos Santos fraudulently accumulated a fortune estimated at $ 2.1 billion (1.9 billion euros)"....

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LPG prices hiked after Delhi election results

LPG prices hiked after Delhi election results

Indian Oil is the country's largest fuel retailer which supplies LPG under brand Indane. With the increase, the subsidy burden for the government will also jump by nearly 100 per cent with Centre ...

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China's Q1 smartphone sales may halve due to coronavirus

China's Q1 smartphone sales may halve due to coronavirus

In point of fact, latest research reports came forth only a couple of days after Huawei , the world's largest telco gear manufacturer, had forecasted a rebound in the world's largest smartphone mark...

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German online bank N26 to leave Brexit Britain

German online bank N26 to leave Brexit Britain

As you may have read earlier, Henry broke the news that N26 are pulling out of the banking market in the UK. The Berlin-based digital bank will close United Kingdom accounts on April 15, N26 said ...

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Brexit's done, what now for the UK?

Addressing the European Parliament on Tuesday, Michel Barnier told MEPs the EU would not open financial services up for negotiations in trade talks. The president welcomed UK Prime Minister Boris J...

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Britain plans to create 10 free ports

Britain plans to create 10 free ports

With Brexit done, the United Kingdom plans to announce the location of up to 10 new free ports - scheduled to begin operating in 2021 - by the end of this year, the government said. By boosting spen...

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What they're saying: Judge blesses T-Mobile-Sprint deal

It's a big step that leaves us with one combined carrier ready to take on Verizon and AT&T - and a lot of questions about what happens next. What is the current status of the T-Mobile-Sprint merg...

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Oil edges down as traders assess China's oil demand

Oil edges down as traders assess China's oil demand

Brent futures LCOc1 fell $1.20, or 2.2%, to settle at $53.27 a barrel, their lowest close since December 28, 2018, while U.S. West Texas Intermediate crude CLc1 fell 75 cents, or 1.5%, to settle at $...

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Chinese government blocks Foxconn’s plan to restart iPhone production

Chinese government blocks Foxconn’s plan to restart iPhone production

One market research firm, TrendForce, said it was slashing its forecast on iPhone production in the first quarter by 10 percent, or 4.5 million units. Production at Foxconn facilities will restart...

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The US economy added 225,000 jobs in January, beating expectations

The US economy added 225,000 jobs in January, beating expectations

The service sector, on the other hand, added 14,500 positions in January. Motor vehicles and parts lost 11,000 jobs over the month. Compared with January 2019, the number of jobs in Canada incre...

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Is No Credit Better Than Having Bad Credit?

How? Read on. Bad Credit Lenders go to one (or more) of the big three credit reporting agencies to review your record of living up to your word when you submit a credit applic...

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Interest rate stays at 0.75 percent: Australian bank

Interest rate stays at 0.75 percent: Australian bank

The RBA left its economic growth forecast unchanged at 2.75 percent for 2020, rising to around three percent next year. "Due to both global and domestic factors, it is reasonable to expect that an e...

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Donald Trump says US-China trade war worked

Donald Trump says US-China trade war worked

Excluding services, the U.S. deficit in goods fell by almost $20 billion to $866 billion a year ago, as imports of Chinese products hit by Trump's punitive tariffs dropped 17.6%, according to the repo...

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Father of Parkland victim ejected from State of the Union

Fred Guttenberg is removed by security after yelling as President Trump delivered the State of the Union address at the US Capitol in Washington, D.C on February 4, 2020. This was not the first ti...

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Sen. Murkowski won't vote to convict Trump and 'disenfranchise' voters

Sen. Murkowski won't vote to convict Trump and 'disenfranchise' voters

Trump is expected to touch on five areas in his remarks. BBC Parliament has also been covering portions of the live trial, and all major U.S. networks will be covering it. The Democratic race for th...

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23 rescuers killed by 2nd avalanche in eastern Turkey

23 rescuers killed by 2nd avalanche in eastern Turkey

Two avalanches within 18 hours in eastern Turkey have killed at least 31 people, a majority of them from a rescue team, officials and a disaster agency confirmed on Wednesday. More people are believ...

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China prepares to roll out more measures to bolster economy

China prepares to roll out more measures to bolster economy

The People's Bank of China will add a net 150 billion yuan ($21.7 billion) to money markets on Monday, according to Bloomberg calculations based on a statement on Sunday. China unveiled a raft of me...

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Philippines Reports First Coronavirus Death Outside China

Philippines Reports First Coronavirus Death Outside China

A 1,500-bed hospital also specially built for patients infected with the new virus is due to open within days. Philippine President Rodrigo Duterte approved a ban on the entry of all non-citizens ...

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AAA: South Central Ohio gas prices drop

AAA: South Central Ohio gas prices drop

Motorists in at least a dozen states can find gas for less than $2/gallon. Gas prices in western Pennsylvania continue to sink both regionally and locally over the last week. Monday's state average...

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Coronavirus kills second person outside mainland China, Macau urges casinos to shutter

Coronavirus kills second person outside mainland China, Macau urges casinos to shutter

He said the steep rise in China's caseload in recent days was partly attributable to the fact that Chinese officials expanded their search to include milder cases, not only people with pneumonia . Th...

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Opec to discuss coronavirus as Chinese oil demand slumps

Opec to discuss coronavirus as Chinese oil demand slumps

A degree of calm has returned to world stock markets, after the coronavirus outbreak in southern China sparked heavy selling. Futures in NY sank to the lowest levels in a year on Monday as oil d...

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Trump's approval rating hits highest mark since becoming president

Trump's approval rating hits highest mark since becoming president

Trump has sought to motivate his supporters and raise money by railing against Democrats over impeachment . House Republicans past year attracted at least two Democrats to vote against the arti...

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Michel Barnier lays out European Union terms for fishing deal with UK

Michel Barnier lays out European Union terms for fishing deal with UK

Britain formally left the EU Friday but remains essentially inside the bloc's single market until December 31. The colliding visions of EU-UK relations will need to be hammered out at an unprecedent...

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AirAsia CEO Tony Fernandes Out For Now Amid Airbus Bribery Probe

AirAsia CEO Tony Fernandes Out For Now Amid Airbus Bribery Probe

It added that throughout the period Kamarudin and Fernandes were shareholders in Caterham, the company made no profits and was eventually disposed of for GBP1 in 2014, as from start to finish it was a...

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India`s January manufacturing activity hits almost 8-year high

India`s January manufacturing activity hits almost 8-year high

India's annual growth in gross domestic product (GDP) fell to 4.5 per cent for the quarter ended September 2019, down from 5 per cent in the previous three months and 7 per cent for the corresponding ...

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China's Foreign Ministry Says US Should Not Overreact to Coronavirus Outbreak

China's Foreign Ministry Says US Should Not Overreact to Coronavirus Outbreak

It was built in just 10 days, its prefabricated wards equipped with state-of-the-art medical equipment and ventilation systems. "So having additional (beds) available is a great improvement", Zhong to...

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Stocks in China plunge as markets reopen; USA stocks rebound

Stocks in China plunge as markets reopen; USA stocks rebound

The Shanghai Composite was up 5.8 points at 2,752.44. Major airlines have cut flights to China amid lower demand. Fears surrounding the spread of coronavirus, which has been declared a global emer...

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Coronavirus: China accuses USA of spreading 'panic'

The coronavirus claimed its first victim outside of China this past weekend, as a 44-year-old man in the Philippines died from the virus that recently originated in the Chinese city of Wuhan. Hong K...

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Global stocks jump as China markets reopen, dollar gains

Global stocks jump as China markets reopen, dollar gains

USA stocks rose on Monday as investors waded back into the market finding bargains after Friday's massive sell-off, but fears about the impact of the ongoing coronavirus scare in China. Bond prices fe...

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U.K., European Union to Set Out Red Lines for Deal

U.K., European Union to Set Out Red Lines for Deal

Mr. Johnson gave a passionate defence of free trade, comparing Britain to Clark Kent, ready to "leap into the phone booth and emerge with his cloak flowing as the supercharged champion of the right of...

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