Finance

Apple wins appeal against €13bn European Union tax bill

MORE NEWS THIS CATEGORIES

USA economy holds up with 1.9 percent growth on consumer strength

The growth figures came just hours before U.S. Federal Reserve lowered interest rates by 25 basis points to a range of 1.5 percent to 1.75 percent, the third ra...

China may levy over $3bn in annual USA trade sanctions — WTO panel

The World Commerce Group stated Friday that China can impose tariffs on as much as $3.6 billion price of USA items over the American authorities's failure to ab...

Euro rises as USA dollar weakens on rate cuts

Powell previously pointed to similar rate cuts in 1995 and 1998 as precedents; in both cases, the Fed cut rates three times. In the meantime, Trump , via...

China's networks join 5G party today, starting at $18 a month

China Mobile, China Unicom , and China Telecom are all offering similar price plans for 5G service , according to SCMP and Reuters . The country's three...

Google to buy Fitbit for $2.1 bn

A Fitbit-Google product could mean Wear OS - Google's wearable operating system - will get a much-needed boost. "I could not be more excited for what lies ahe...

Saudi Arabia looking at India to procure and jointly produce defence equipment

The Prime Minister held talks with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud, Energy Minister Prince Abdulaziz bin Salman Al Saud, Labour and Soci...

U.S. economy adds more than 100K jobs, unemployment rises slightly

It also affirms the central bank's decision to press pause on further interest rate cuts this year, after it voted this week to lower the benchmark federal fund...

Apple Card users get 24-month interest-free financing on iPhones

The Apple Card is a credit card issued by Goldman Sachs in the U.S. and offers cardholders an integrated experience with their iPhones Apple Pay app. In fac...

Facebook agrees to pay UK fine over Cambridge Analytica scandal

On Wednesday the ICO acknowledged that in agreeing to pay the shining, Facebook had now not made an admission of liability. The social network can also "retain ...

Nintendo Switch sales should pass the SNES next quarter

The figure is up from 36.87 million during Q1 of the fiscal year. By September 30, it had already sold 1.95 million units of the new game console, which ditch...

Hong Kong Halloween protest rally aims to test mask ban

One reveller already in Lan Kwai Fong was dressed in red, apparently modelled on the star character in the dark Hollywood hit movie " Joker ". "Stop blocking ...

Ford Is Next to Reach Deal With UAW

Changes to new-hire pay, which shorten the period it takes for workers with less seniority to reach full wages, and a path to full employment for temporary work...

Coal giant seeks bankruptcy protection despite Trump’s help

Last year, Trump attempted to subsidize failing coal plants, including power plants supplied by Murray Energy, but energy regulators appointed by Trump rejected...

UK PM’s office responds to comments by US President Trump

Corbyn pledged in a speech to take on "dodgy landlords", "bad bosses" and "big polluters". "He would take you into such bad places". Prime Minister Boris Joh...

PSA Peugeot board approves merger with Fiat Chrysler

John Elkann, Fiat Chrysler's chairman and the head of Italy's Agnelli industrial dynasty which controls the business, would retain the same position at the ne...

United Kingdom set for December 12 general election | Election

It could also be blocked in the House of Lords. Addressing his MPs at Westminster yesterday, Conservative prime minister Boris Johnson cautioned against a...

Strike costs GM $3 bn in profit

The 40-day strike cost GM more than US$2 billion according to analysts. The automaker saw net income in the third-quarter drop 7.1 percent to $2.4 billion, ea...

ACCC drags Google to Federal Court over location data collection

ACCC chairman Rod Sims said Australians who used a Google account on an Android phone or tablet, or who accessed their account settings during this time, we...

Woolworths owes supermarket staff up to $300 million in backpay

The underpayment of workers has emerged as hot-button issue this year. Some of these matters go back many years and several comprise millions of dollars owed to...

Consumer confidence dips in October

That said, the drop is minimal on a comparative basis, and the readings are quite strong versus historical averages. -The Conference Board, a private research...

US Economy Slows To 1.9% In Third Quarter

Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, slowed to a still-healthy 2.9% rate last quarter after surging a...

Fiat-Chrysler in talks with Peugeot for a merger

Even before FCA courted Renault, PSA had originally talked about a merger with the Italian-American carmaker, but FCA rebuffed it; at the time, Fiat Chrysle...

Canadian Stocks Rise After Rate Decisions

Four hours later, in rare back-to-back decisions for Canada and the US, the Federal Reserve is expected to reduce borrowing costs for a third time since June. "...

Ford Motor Co. Announces 450 Job Cuts At Oakville Plant

The Lincoln MKT, which shares its platform with the Flex and was also manufactured in Oakville, ended production earlier this month. "New or expanded vehicle ...

US Fed cuts rates but signals pause in easing cycle

The corporate earnings season also continued Wednesday with General Electric posting results that topped analyst expectations. St. Louis Fed President James B...

Fed is expected to cut rates but may offer little guidance

Unlike the past many months, when the Fed has cut rates to satisfy investors, the Fed will need to become "hyper-dependent" on economic data, according to Dan...

Trump asked to disqualify Amazon from JEDI project

But don't think the DoD failed to consider Amazon and AWS. That, despite strife within the walls in Seattle over the company even bidding on the JEDI contra...

GM, Toyota, Fiat Chrysler seek to intervene in California emissions suit

The move by GM and the other companies breaks with Ford Motor Co., Honda Motor Co., BMW AG and Volkswagen AG, which in July agreed to meet tougher emissions...

Maker of China's TikTok denies report it is planning Hong Kong listing

TikTok has become a worldwide viral sensation. Two prominent senators have urged investigations into TikTok, labeling it a national security threat. In a resp...

China's state media warns investors following President's bullish speech on blockchain technology

And while that may set the stage for an online digital currency of their own in China, as well as the fact that being in favor of the underlying blockchain ...

HSBC third-quarter pre-tax profit falls 18 per cent, misses forecasts

However, he singled out other areas, including the United Kingdom , for criticism. Quinn, who in a media conference call said he would like to run the bank f...

Amazon Drops Grocery Delivery Fee for Prime Members as Rivals Close In

Stephenie Landry , Amazon vice president of grocery delivery, said in a statement, "Grocery delivery is one of the fastest growing businesses at Amazon, and...

United Kingdom to hold rare December election with Brexit on table

It was Johnson's fourth attempt to trigger a vote to break the country's political impasse over Brexit . According to the Leader of the House of Commons, J...

Fiat Chrysler, Peugeot in merger talks to create $50 bn firm

PSA Group , the French owner of Peugeot, is exploring a merger with its US-Italian rival Fiat Chrysler, according to reports. Sources have told the Wall St...

Louis Vuitton seeking to buy luxury jeweller Tiffany

But it is thought to value 182-year-old Tiffany at around £93.50 ($120) per share, or £11.3 billion. Tiffany shares surged to US$128.30 early Monday. The US c...