Business

MPs call for United Kingdom to remain in EMA after Brexit

After her 90-minute grilling at the liaison committee May faced a meeting of her backbenchers, winning support from a lot of them. According to the Yorkshire...


European Union hits Google with record €4.34 billion fine

Google has built a massive business of banner and videos ads, thanks largely to its central role on Android devices. The EU says Android is used on aroun...


Boeing lifts 20-year industry demand forecast to $6.3 trillion

After Prime Minister Theresa May unveiled more conciliatory proposals last week for Britain to retain strong trading ties with the European Union after B...


Jeff Bezos becomes the richest person in modern history, topping $150 billion

Not only are the 36 hours of Prime Day sales , which start today, bound to boost Amazon's profits and increase Amazon Prime membership worldwide, but the compa...


OSU cuts ties with Papa John’s Pizza

Oregon State has suspended its sponsorship with Papa John's , school vice president and athletic director Scott Barnes announced Monday. During the conferenc...


Prime Day has started with outages on Amazon.com

Unfortunately for many shoppers, it started with an error code. Amazon India is conducting its 36 hour Prime Day sale starting today . It's worth remembe...


Elon Musk: 'We were huge idiots' about Tesla Model 3

On July 2, the company said it had made 5,031 Model 3s during the final week of June and 28,578 during the second quarter, more than it had made in the prior ...


Oil near US$74 amid Trump tweets, forecast drop in United States stockpile

Brent crude, the global benchmark, was down 19 cents at $77.20 a barrel while US crude slipped 2 cents to $72.92. Iran has threatened to block oil exports thr...


United States job growth strong but unemployment rate rises to 4%

The average hourly wage has increased by just 2.7 percent in the previous year. The U.S. central bank increased interest rates last month for the second time th...


Chinese tycoon Wang Jian dies from fall in France

HNA also had an agreement to buy SkyBridge Capital, the firm of former White House communications director Anthony Scaramucci, but that deal collapsed due to cl...


China issues US travel warning amid trade tensions

The past two summits, in 2016 and 2017, ended without a statement due to disagreements over the South China Sea and trade. "U.S. citizens visiting or residi...


Twitter Users Call for Walmart Boycott Over ‘Impeach 45’ Clothes

Walmart's third-party marketplace, which has millions of items available from various independent sellers, also has "Make America Great Again" merchandise - sho...


Tesla finally hits its Model 3 production goals

CEO Elon Musk sent an e-mail to company employees Sunday praising them for producing 5,000 Model 3s, a compact auto that's created to shift Tesla from a nich...


Lance Stephenson agrees to join Los Angeles Lakers on one-year deal

The report was confirmed by his agency, Klutch Sports, which made the announcement. "This will always be home", James posted on his Instagram story . LeBron Ja...


European Union gives stark warning to U.S. over auto tariffs

The Commerce Department launched its investigation, on grounds of national security, on May 23 under instruction from President Donald Trump , who has repeated...


Amazon Wants to Promote Small Package Delivery Fleets

In response, Amazon is rolling out what amounts to a turnkey delivery fleet opportunity for entrepreneurs: Amazon Delivery Service Partners . "You could se...


Amazon to Acquire PillPack

The value of the deal was not disclosed. Although PillPack expects sales to exceed only about $100 million this year, Amazon's huge customer base and existi...


Trade Rift Within Trump Administration Sends Stocks on Wild Ride

C'mon Donald get negotiating before we all lose more money on the stock market and in our super funds! And what about the restrictions makes Wall Street so anxi...


Turkey votes as Erdogan eyes second term

The imprisoned Demirtas, who has been jailed pending trial on terrorism-related charges he has called trumped-up and politically motivated, was in third place...


Harley-Davidson to shift motorbike production overseas over European Union tariffs

Harley-Davidson plans to shift some production of its motorcycles out of the U.S.in response to European Union tariffs as President Donald Trump's trade w...


Recep Tayyip Erdogan Wins Turkey Elections Extending 15-Year Grip On Power

Addressing the nation from the balcony of Justice and Development Party (AKP) headquarters in the capital Ankara after his election victory, Erdoğan said ever...


Saudi Arabia: Deal can be done this week to boost oil supply

OPEC members will discuss at the meet the proposal by Saudi Arabia to end the OPEC / non-OPEC deal to balance the oil market and increase the oil price....


Russian Federation welcomes OPEC decision to increase oil production within OPEC+

Oil extends rally after OPEC agreed to increase output but more modestly than expectations . Saudi Arabia's Oil Minister Khalid al-Falih talks to journalist...


Prices Dip Slightly on Reports Iran May Agree to Small Production Hike

Observers say the participating countries could simply agree to stop exceeding their quotas for cutbacks, and stick to the agreed target of trimming productio...


Chinese diplomat calls for actions against trade war

US President Donald Trump threatened on Monday to hit US$200 billion (S$271 billion) of Chinese imports with 10 per cent tariffs if Beijing retaliated a...


Audi CEO arrested: Volkswagen

The spokesperson added that the "presumption of innocence" should continue to apply to Stadler. Audi had no immediate comment regarding the arrest, and Stadler ...


Authorities: 1 deputy killed, 1 critical after being overcome by inmate

Police Officer Zac Blair says authorities are reviewing surveillance video . Both Rohrer and the unidentified officer were transported to the University of K...


Trump accuses OPEC of driving up oil prices

Saudi Arabia , the largest producer in the group, recorded the biggest increase in May as its oil production rose by 161,400 bpd to 10.03 million bpd. The Int...


Fed Raises Interest Rates for Second Time this Year

In a few hours, several banks will respond by raising their prime lending rate , the starting point of borrowing costs for nonmortgage loans like credit cards ...


AT&T-Time Warner Merger Gets The Green Light From Federal Court

Disney's deal includes Fox's stake in United Kingdom -based Sky, a film studio, cable networks and other assets. Disney has made a $52.4 billion all-stock offe...


Bound Porsche Mission E christened Porsche Taycan

We've been waiting to hear what Porsche will call the production version of the Mission E electric auto and now we have it - Porsche Taycan . Although ...


G7 leaders must not be intimidated by Trump, say Macron and Trudeau

After criticism from Canadian Prime Minster Justin Trudeau and other G7 leaders, Trump is apparently reluctant to go to the meeting and may send Vice Presiden...


Billionaire Koch brothers take on Trump over tariffs

The failure to come to a deal over the weekend, more than a sign that the tariffs are coming, might more likely be a sign that the White House is waiting to...


Qatar Airways CEO booed after saying a woman couldn't run his airline

For instance, during an earlier spat between Qatar Airways and its chief competitor, Delta Air Lines, Al Baker's vowed to "hang on the wall" Delta's CEO Richa...


Trump Says Canada's Trade Barriers on US Agricultural Products Unacceptable

Or he can begin to prepare Canada for a world without NAFTA. "We know that beggar-thy-neighbor policies don't work". There is no middle way. Freeland is m...