Outrage as government pulls the plug on grant for hybrid cars

It said that it would support the next 35,000 electric cars sold, but did not elaborate on longer-term plans to encourage ultra-low emission vehicles. Commenting on the cuts to the plug-in auto grants, Sue Robinson, director of the National Franchise... More..

by | Published more than a month ago
Hong Kong stocks tumble 3.5% 11 October 2018
by | Sunday, October 14, 2018

Hong Kong stocks tumble 3.5% 11 October 2018

It is the second dive in Chinese bourses this week after both Shanghai and Shenzhen fell almost four percent on Monday. "People might think CBBC investors suffered from the market drop and knock-outs of ...More..

Passenger Kicked Off Plane For Having An Emotional Support Squirrel
by | Sunday, October 14, 2018

Passenger Kicked Off Plane For Having An Emotional Support Squirrel

The flight in Orlando bound for Cleveland was delayed after Cindy Torok - who did indicate that she was travelling with an emotional support animal , but did not identify which type of animal - refused...More..

BMW Extends Contract with Brilliance Automotive to 2040, Invests €3 Billion
by | Sunday, October 14, 2018

BMW Extends Contract with Brilliance Automotive to 2040, Invests €3 Billion

The German automaker announced on Thursday that it is increasing its stake in its joint venture with Brilliance China Automotive Holding to 75 percent from the previous cap of 50 percent. The transaction ...More..

Jetliner lands in US after world's longest flight
by | Sunday, October 14, 2018

Jetliner lands in US after world's longest flight

There are also refreshments throughout the flight and a bed to sleep in. Dining options will include dishes the airline says have been selected to promote well-being in the skies, with organic dishes on the...More..

US Mega Millions lotto drawing Friday offers awful odds, huge jackpot
by | Sunday, October 14, 2018

US Mega Millions lotto drawing Friday offers awful odds, huge jackpot

Mega Millions' record haul was a $656 million jackpot shared by people in three states in 2012. Most winners opt for cash, which for Friday night's drawing would be an estimated $309 million. Meanwhile, Power...More..

Crude oil futures settle at $74.96
by | Sunday, October 14, 2018

Crude oil futures settle at $74.96

Brent crude fell $1.74 a barrel to a low of $81.35, its lowest since September 27, before recovering a little to trade around $81.70 by 0850 GMT. The U.S. Should OPEC keep pumping at September's rate, the ...More..

U.S. oil firms restore operations in storm-tossed Gulf of Mexico
by | Saturday, October 13, 2018

U.S. oil firms restore operations in storm-tossed Gulf of Mexico

Gulf of Mexico crude production. The ICE Brent crude futures were increased by 94 cents per barrel or 1.19% from $79.74 per barrel, while the NYMEX (New York Mercantile Exchange) October light-sweet crude c...More..

Mnuchin Says Trump Respects the Independence of the Fed
by | Saturday, October 13, 2018

Mnuchin Says Trump Respects the Independence of the Fed

I think the Fed has gone insane", Trump told reporters as he arrived for a campaign rally ahead of the USA mid-term elections. Rogers says that Trump is wrong about his attitude to the Fed's policy. The avera...More..

A marathon 19 hours in the air
by | Saturday, October 13, 2018

A marathon 19 hours in the air

The plane can accommodate 161 passengers, 67 in the business class and 94 in the premium economy one, plus the cabin crew. The flight lasting 18 hours and 45 minutes was discontinued five years ago after oi...More..

Boston Dynamics' Atlas robot shows off upgraded agility skills in new video
by | Saturday, October 13, 2018

Boston Dynamics' Atlas robot shows off upgraded agility skills in new video

The Oct. 11 video's description noted that Atlas' control software enabled the robot to use its whole body to create the needed power and momentum for jumping from one place to another . Or is he just here t...More..

James Murdoch In Driver’s Seat To Replace Elon Musk As Tesla Chairman
by | Saturday, October 13, 2018

James Murdoch In Driver’s Seat To Replace Elon Musk As Tesla Chairman

Atherton Research says Elon Musk's auto company sold 69,925 of its Model 3, S and X cars, while Mercedes Benz sold 66,542 vehicles (excluding commercial vans) in the U.S. Tesla is under scrutiny for failing ...More..

Facebook says hackers accessed 29 million people's accounts
by | Saturday, October 13, 2018

Facebook says hackers accessed 29 million people's accounts

Then, "for 15 million people , attackers accessed two sets of information - name and contact details (phone number, email, or both, depending on what people had on their profiles)". For those 400,000, the atta...More..

Hej Bengaluru! Gear Up Because IKEA Is Coming!
by | Saturday, October 13, 2018

Hej Bengaluru! Gear Up Because IKEA Is Coming!

Ikea will open 15 new stores across Mexico, Estonia, Ukraine, Puerto Rico, Oman, Luxembourg, Macau and the Philippines in FY19. But Quiñones, who started working part-time for Ikea in 1997 when he was a stu...More..

China's trade surplus with the U.S. hit record highs in September
by | Friday, October 12, 2018

China's trade surplus with the U.S. hit record highs in September

That's significantly higher than the $196 billion recorded between January and September past year. An imbalance of trade is at the center of an increasing bitter dispute between the world's two biggest econo...More..

China's September export growth tops forecasts, surplus with USA record high
by | Friday, October 12, 2018

China's September export growth tops forecasts, surplus with USA record high

Export numbers have been buoyed by producers rushing to fill orders before American tariffs rose, but they also benefit from "robust US demand" and a weaker Chinese currency, which makes their goods cheaper ove...More..

International Monetary Fund team to visit Pakistan after request for bailout loans
by | Friday, October 12, 2018

International Monetary Fund team to visit Pakistan after request for bailout loans

In its latest " World Economic Outlook ", (WEO) the IMF's has predicted that the global economy will grow by 3.7% in 2018, down from the 3.9% it predicted in April 2018. Some energy-rich emerging market countri...More..

British PM May briefs inner Cabinet that Brexit deal is close - FT
by | Friday, October 12, 2018

British PM May briefs inner Cabinet that Brexit deal is close - FT

Hard Brexiters are concerned the United Kingdom could remain locked into the backstop arrangements indefinitely, particularly if it proves difficult to conclude a free trade deal. Both the European Union and Br...More..

Biz leaders fight Trump on Fed critique
by | Friday, October 12, 2018

Biz leaders fight Trump on Fed critique

Trump has previously criticized the Federal Reserve for its interest-rate hikes and said it did not "have to go as fast". Tiger 21 Chairman Michael Sonnenfeldt told FOX Business' Maria Bartiromo on "Mornin...More..

International Monetary Fund flags global fiscal stability
by | Thursday, October 11, 2018

International Monetary Fund flags global fiscal stability

Thousands of security personnel have fanned out around key venues in Nusa Dua, just south of Bali's main worldwide airport, with some 32,000 delegates, including finance ministers and central bankers, attending...More..

Dow plunges more than 800 points as tech stocks take beating
by | Thursday, October 11, 2018

Dow plunges more than 800 points as tech stocks take beating

The Nasdaq composite , which has a high concentration of technology companies, had its biggest loss in more than two years. "A sustained rise in rates is probably reflective of improving economic conditions,...More..

Trump calls stock sell-off a correction, says Fed ‘crazy’
by | Thursday, October 11, 2018

Trump calls stock sell-off a correction, says Fed ‘crazy’

Despite last night's sell-off, the S&P 500 would still need to more than double its losses. Trump , who has been critical of the central bank's interest rate increases, tells reporters after landing in Erie,...More..

Dow sinks 800 as tech companies decline
by | Thursday, October 11, 2018

Dow sinks 800 as tech companies decline

The White House says there is no reason for concern after USA stocks suffered their worst loss in eight months Wednesday. Among the so-called FAANG stocks, Facebook Inc. The yield on USA 10-year Treasuries has ...More..

China Trade War to Hurt Global Economic Growth
by | Thursday, October 11, 2018

China Trade War to Hurt Global Economic Growth

The country's foreign currency reserves dropped by $627 million in late September to $8.4 billion, the largest weekly drop in years that left barely enough to cover sovereign debt payments due through the end o...More..

Trump calls stock selloff 'a correction,' says Federal Reserve is 'crazy'
by | Thursday, October 11, 2018

Trump calls stock selloff 'a correction,' says Federal Reserve is 'crazy'

Trump told reporters while traveling to Erie, Pennsylvania, for a campaign rally. "Actually, it's a correction that we've been waiting for for a long time". He said the rising appeal of bond investments would b...More..

Retail Giant Sears On Brink Of Bankruptcy, Owes $5B To Creditors
by | Thursday, October 11, 2018

Retail Giant Sears On Brink Of Bankruptcy, Owes $5B To Creditors

Sears Holdings Corp . has hired an advisory firm to work on a bankruptcy filing that could come as early as this week, The Wall Street Journal reported Tuesday night. Separately, Sears added restructuring ex...More..

by | Thursday, October 11, 2018

Dow Jones Industrials Sink 800-plus Points

USA stock indexes fell in early trading Wednesday as interest rates nudged higher yet. Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management, in NY, said: "The big concern is...More..

Pixel 3 launch: Google to unveil iPhone challenger and smart home hub
by | Thursday, October 11, 2018

Pixel 3 launch: Google to unveil iPhone challenger and smart home hub

A new artificial intelligence tool sure to generate buzz among consumers also could be helpful. Verizon Wireless will remain the exclusive carrier for Google's new Pixels, which were unveiled at a media...More..

India buying Iran oil in defiance of Trump sanctions
by | Wednesday, October 10, 2018

India buying Iran oil in defiance of Trump sanctions

A gas flare on an oil production platform in the Soroush oilfields is seen alongside an Iranian flag in Iran, July 25, 2005. DUBAI - Iran's Oil Minister Bijan Zanganeh has dismissed claims by the Saudi crown...More..

The IMF again downgrades outlook for the global economy
by | Wednesday, October 10, 2018

The IMF again downgrades outlook for the global economy

Global trade tensions would also have a bearing on the eurozone's 2018 growth forecast, which was cut to 2 percent from 2.2 percent previously. Released in Bali during the annual meeting of the International...More..