Finance

Audi CEO Rupert Stadler arrested in Germany over Volkswagen diesel scandal

MORE NEWS THIS CATEGORIES

Fiat Chrysler CEO lays out grand plan before he retires

The past few weeks have seen plenty of speculation about the automaker's future and whether or not it was going to kill off storied brands like Dodge or Fiat....

As A-Shares Inclusion Nears, This ETF Is Getting Bigger

Wong said that despite MSCI's imprimatur, foreign investors remain cautious over China's volatile equities, where government meddling and the irrational d...

Malaysia’s Petronas to purchase equity stake in LNG Canada project

Following the recent transaction, which still requires regulatory approvals, ownership interests in LNG Canada would be Shell with a 40% interest, Petronas wi...

Google won't renew its contract to develop AI for USA military drones

The Google workers also noted the company's well-known former motto, " Don't be evil ", warning that Project Maven "will irreparably damage Google's brand and...

United States may open door to more temporary immigrant workers, Trump aide says

The blowback was immediate, and the tweet , which linked to this article , was quickly removed. Earlier on Friday, Labor Department data showed job growth a...

Visa Outage In Europe Halts Some Transactions

In Britain, the cards could be used to withdraw cash from ATMs, which quickly ran out of currency. Lloyds Bank released a statement saying: "We are aware of a...

Singaporean Airline Announces World's Longest Commercial Flight

It is known to offer a more comfortable environment-a wider body, higher ceilings, larger windows and lighting that reduces jetlag. Non-stop Singapore-Los A...

Canada to impose tariff 'countermeasures' on US

Those temporary waivers were extended through May while the White House sought negotiated concessions. Mexico's ministry of economy pledged to impose equivale...

Deutsche Bank CEO tells staff he's 'sick and tired' of bad news

In a letter to staff on June 1, Sewing admitted the bank is "not getting any respite" but told staff there was no reason to be discouraged by the latest blows t...

Italy crisis: populists set to form government

The day-off extended to markets in Singapore, Malaysia, Indonesia and Thailand. The euro recorded its biggest monthly drop in more than three years, down m...

Channel 4 reveals shortlist for new headquarters and regional hubs

An announcement has been made by Channel 4 that Cardiff's bid to secure the broadcaster's new national headquarters has been shortlisted . Channel 4's new str...

California Chick-fil-A to Pay $18 an Hour for Some Employees

Mason's new gold standard at his Chick-fil-A store comes in a state where the minimum wage is now $11 for businesses with more than 25 workers - and will increa...

U.S. allies hit back over steel and aluminium tariffs

Macron warned that " economic nationalism leads to war ". Canada announced today that it will impose heavy dollar-for-dollar retaliatory tariffs on up t...

Global economy growing strong: OECD

Though the number of trade restrictions has crept higher over the last decade, further measures could create a significant drag on growth because the global eco...

Duck Donuts to give away free donuts Friday

Four runners up will receive $1,000 and a one-year supply of Entenmann's Donuts . Do I have one near me? Tom + Chee - The Lancaster restaurant is givin...

Techcronus is all set to become GDPR compliant

Entities that do not comply with the tough new rules will face stiff fines. But when customers move their data to the Microsoft Cloud, both Microsoft and the cu...

Waymo orders 62,000 Fiat Chrysler minivans for its upcoming autonomous taxi service

The expansion of the partnership between FCA and Waymo goes beyond growing the fleet. To date, FCA has delivered 600 of the minivans to Waymo. Despite its tec...

China Is Trying to Form an Anti-American Trade Alliance

US Treasury Secretary Steven Mnuchin said the Trump administration had put on hold its plan for punitive trade tariffs against China while the two parti...

The euro is sliding amid political uncertainty in Italy

The accord sees Tria, 69, as finance minister, and euroskeptic economist Paolo Savona , 81, as responsible for European affairs, according to a senior League l...

Starbucks Stores Begin to Shut for Worker Anti-Bias Training

But I do like how they're taking initiative and how they are showing people like, 'Hey. The chain apologized but also took the dramatic step of closing its stor...

Over 146,000 Americans will lose their jobs because of Trump’s trade tariffs

The Trump administration followed through on a longstanding threat Thursday, as Commerce Secretary Wilbur Ross announced the US would end the temporary exe...

MAKING HISTORY: De Beers will sell diamonds made in a lab

These unnatural gems - which cost 90% less than their billion-year-old organic brethren - are a desperate De Beers attempt to retain diamond dominance in spit...

U.S. stocks rebound from prior session selloff

The S&P 500 index jumped 34.15 points, or 1.3 percent, to 2,724.01. The benchmark Shanghai Composite index dropped 79.02 points or 2.53 percent to finish at 3...

Tesla Model 3 brake update cuts stopping distance by 20 feet

So for Tesla to make good on Musk's promise, it may need additional updates to the braking software. He said a firmware update was in the works and " Tesla ...

Bank strike hits services, impact to continue today

It has employees from 21 public, 12 private and seven foreign banks. On May 5, the Indian Banks' Association offered 2 per cent hike which was rejected by u...

Scotland Launches Rehab Center to Treat Bitcoin Addicts

Experts have likened the symptoms of cryptocurrency trading to those experienced by online gambling addicts, in which some traders obsessively follow fluctu...

Amazon geoblocks Australia from USA site as tax change kicks in

The company said today that shoppers in Australia will be redirected to its local site, Amazon .com.au, and that its global sites, including Amazon.com, will...

Markets take breather as Italian leaders attempt solution

The president's choice as prime minister, unelected former International Monetary Fund official Carlo Cottarelli , continued to hold talks about forming a care...

If you're buying Trans Mountain, where's your backing for Energy East: Raitt

One institutional investor in NY, who spoke on condition of anonymity, said that if the pipeline is built he expects the federal government to make $2 billion i...

Trump Slaps Steel Tariffs on EU, Canada, Mexico as Tensions Rise

Commerce Secretary Wilbur Ross said the tariffs would be 25 percent on steel and 10 percent on aluminum as the administration followed through on the penaltie...

China warns U.S. against acting in a ‘reckless’ way

She said the US' threat to raise duties on Chinese goods goes against the consensus the two countries reached in Washington and jointly announced earlier in...

Singapore Airlines to launch world's longest commercial flight in October

Flights will cover a distance of approximately 16,700km and travel time is expected to be about 18 hours and 45 minutes. For passengers, that means a lot of f...

Motz not happy about Trans-Mountain pipeline purchase

Kinder Morgan will proceed on twinning the pipeline while the sale is being finalized. The purchase, for 4.5 billion Canadian dollars, ensures that the Trans...

CIBC’s Simplii Financial says fraudsters may have accessed data of 40,000 clients

The first one to put out a statement was Simplii Financial . News out today reports that a number of Canadian banks have been issued with a massive Ripple...

Global Markets in Turmoil as Italy Fails to Form New Government

If the populists maintain or expand their advantages in elections, it raises the prospect of serious friction between Italian politicians looking to increase sp...