Airbus warns no-deal Brexit could see it leave UK

Last week, the outgoing president of the CBI said sections of United Kingdom industry faced extinction unless the United Kingdom stayed in the EU customs union. Responding to the comments from Airbus, a United Kingdom government official said: "We ha... More..

by | Published more than a month ago
After India, now European Union slaps additional tariffs on the US
by | Friday, June 22, 2018

After India, now European Union slaps additional tariffs on the US

The tariffs, mostly 25 percent, are designed in part to "make noise" by targeting politically important states like Kentucky, Florida, and Wisconsin, EU trade commissioner Cecilia Malmstrom said . European s...More..

EU tariffs on US goods take effect as trade war erupts
by | Friday, June 22, 2018

EU tariffs on US goods take effect as trade war erupts

From today the European Union will begin charging import duties of 25pc on a range of United States goods, in response to U.S. tariffs imposed on EU steel and aluminium early this month. Together with USA tar...More..

by | Friday, June 22, 2018

Energy Stocks To Watch Ahead Of OPEC Meetings

He echoed earlier comments from OPEC Secretary-General Mohammad Barkindo. But in practice it would mean a much smaller boost of less than a 10th of that amount, effectively from Saudi Arabia. Trump's involvem...More..

India hikes import duty on USA goods
by | Friday, June 22, 2018

India hikes import duty on USA goods

According to the government notification, duty hike would come into effect immediately for 28 products, while for artemia, a kind of shrimp, the rate hike would be effective from August 4. Deloitte India Partne...More..

Bank of England holds interest rates at 0.5%
by | Friday, June 22, 2018

Bank of England holds interest rates at 0.5%

Minutes from the meeting showed that the Banks chief economist Andy Haldane has joined two other members of the rate-setting committee in voting for an interest rate hike. If the economy is turning the corner, ...More..

German coalition hangs on European Union summit's delivery on asylum reform
by | Thursday, June 21, 2018

German coalition hangs on European Union summit's delivery on asylum reform

As outspoken pro-Europeans, Merkel and Macron both face harsh opposition from nationalist and right-wing populist forces at home, and in the governments of Italy, Austria and several eastern European countries....More..

Intel CEO Brian Krzanich resigns over improper relationship with employee
by | Thursday, June 21, 2018

Intel CEO Brian Krzanich resigns over improper relationship with employee

Krzanich, 58, was appointed Intel CEO in May 2013, and was in charge of moving the company's focus to growing data centers from personal computers. Reportedly, Intel's Chief Financial Officer Bob Swan will ...More..

U.S. stocks tumble on latest Trump-China trade threats
by | Thursday, June 21, 2018

U.S. stocks tumble on latest Trump-China trade threats

Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation , as the trade conflict between the world's two biggest economies quickly ...More..

Audi CEO Rupert Stadler arrested over emissions scandal
by | Thursday, June 21, 2018

Audi CEO Rupert Stadler arrested over emissions scandal

Reuters said VW and Audi directors were discussing the leadership crisis in separate meetings on Monday with one source saying Dutchman Bram Schot was the front runner to become interim Audi chief. He adde...More..

Australia's Toys R Us stores to close down
by | Thursday, June 21, 2018

Australia's Toys R Us stores to close down

In Australia, stores "will close progressively in the coming weeks", the firm said in a statement sent to the BBC. The administrators had kept the Australian chain open while they explored a recapitalisation ...More..

Oil prices dip as Iran signals support for small OPEC supply increase
by | Thursday, June 21, 2018

Oil prices dip as Iran signals support for small OPEC supply increase

Additionally, in a sign of strong demand, US refineries processed a seasonal record of 17.7 million barrels per day (bpd) of crude oil last week, according to the EIA. Saudi Arabia and Russian Federation are s...More..

Glitch hits Telstra wholesale customers
by | Thursday, June 21, 2018

Glitch hits Telstra wholesale customers

Australian mobile customers have been dealt another blow with reports the company is facing another wide-sweeping outage. Some customers using the Telstra network have experienced issues making phones calls o...More..

Genesis, Kia, Hyundai lead JD Power Initial Quality ranks
by | Thursday, June 21, 2018

Genesis, Kia, Hyundai lead JD Power Initial Quality ranks

The Hyundai/Kia alliance was once again a force to be reckoned with in J.D. Power's Initial Quality Study for 2018, with the Sorento once again named the best midsize SUV. Among major systems and features track...More..

by | Thursday, June 21, 2018

German automakers offer to end EU's tariff's on U.S. autos

She called the European Union response proportionate and in line with World Trade Organization rules and said that they would be removed if Washington removed its metal tariffs. Announcing the European respon...More..

The 2019 Volvo S60 Sedan
by | Thursday, June 21, 2018

The 2019 Volvo S60 Sedan

Initially, the Volvo South Carolina plant will build S60 sedans, which now are imported from Europe or China. Flagship spot will be occupied by the 2019 S60 Polestar Engineered trim , which will massage 41...More..

by | Wednesday, June 20, 2018

European Union to impose countertariffs on U.S. products as of Friday

On March 1, President Donald Trump announced that the United States would be imposing a 25 percent global tariff on all steel imports to the US and a 10 percent global tariff on all aluminum imports. The EU has...More..

Starbucks plans to close 150 locations
by | Wednesday, June 20, 2018

Starbucks plans to close 150 locations

Starbucks CEO Kevin Johnson says the global coffee chain will be "leaning into" creating more plant-based beverages as consumers continue to demand vegan options. He also pointed to the impact of the company...More..

by | Wednesday, June 20, 2018

Trump Asks For $200 Billion More In Tariffs To Impose On China

It gave no details. President Trump's threat to impose tariffs on an additional $200 billion in Chinese goods , followed by Beijing's swift vow to retaliate , has jangled investor nerves and elicite...More..

Porsche acquires 10% stake in Rimac
by | Wednesday, June 20, 2018

Porsche acquires 10% stake in Rimac

As impressive as Porsche's electrified sports cars already are, those figures far eclipse what even the groundbreaking 918 Spyder was capable of. It's thought that Porsche made the investment with the aim o...More..

by | Wednesday, June 20, 2018

Volkswagen, Ford Sign MoU To Form Strategic Alliance

In a statement released by both companies it is stressed that any strategic alliance would not involve the firms taking any ownership stake in each other. Thomas Sedran, who said "Both companies have strong an...More..

Oracle's quarterly results beat estimates on cloud growth
by | Wednesday, June 20, 2018

Oracle's quarterly results beat estimates on cloud growth

For the year, Oracle reported earnings of $3.12 per share on revenue of $39.8 billion. That slightly beat the consensus estimate of $11.2 billion. Elsewhere on the balance sheet, Oracle's cloud services a...More..

Valeant psoriasis treatment rejected by FDA
by | Wednesday, June 20, 2018

Valeant psoriasis treatment rejected by FDA

Here's what Joseph Papa, Chairman and CEO of Valeant Pharmaceuticals Intl Inc , has to say about the rejection. Valeant is suffering another hit this morning as the FDA kicked back its application for a dr...More..

by | Wednesday, June 20, 2018

Telstra to axe 8000 jobs over four years

The new strategy has been given the moniker Telstra2022. In this world our infrastructure assets are becoming more valuable. A whopping 8,000 jobs will soon be shed from Telstra, that's nearly a quarter of th...More..

by | Wednesday, June 20, 2018

Arvind Subramanian resigns as CEA to Modi govt, Jaitley announces in blog

Subramanian had joined the government as the economic advisor on October 16, 2014 for a period of three years. Jaitley, who is now recuperating from a kidney ailment, said he spoke to Subramanian over a video c...More..

Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack
by | Wednesday, June 20, 2018

Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack

It added that the company would fully compensate customers. Coinrail may be one of Korea's smaller exchanges, but Bithumb is far larger. According to Coinmarketcap.com, Bithumb is the sixth busiest cryptocu...More..

Telstra to cut 8,000 jobs in major restructure
by | Wednesday, June 20, 2018

Telstra to cut 8,000 jobs in major restructure

That is essentially what Penn is planning. It will manage Telstra's fixed network infrastructure including data centres, non-mobiles related domestic fibre, copper, HFC, worldwide sub-sea cables, exchanges, p...More..

Rats nibble cash worth Rs 12 lakh inside Assam's Tinsukia ATM
by | Wednesday, June 20, 2018

Rats nibble cash worth Rs 12 lakh inside Assam's Tinsukia ATM

From May 20th, this ATM outlet has been shut down due to some technical glitch and only a day before that (i.e 19th May), Rs 29 lakhs has been deposited by Guwahati-based financial company Global Business Solut...More..

Microsoft takes a stand against ICE separating parents from children
by | Wednesday, June 20, 2018

Microsoft takes a stand against ICE separating parents from children

They want contracts with ICE cancelled. Microsoft President Brad Smith addressed the border controversy in a blog post on LinkedIn this weekend. But Microsoft is now taking a stand. The separating of chil...More..

by | Wednesday, June 20, 2018

GE booted from the blue-chip Dow Jones index

Faced with weak profits and calls to be broken up, the 126-year-old company is aggressively cutting costs, selling businesses and trying to strengthen its balance sheet under new managers and a new board. Co-fo...More..