Finance

United States delays tariffs but lift to China's steel mart scant

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Morgan Stanley misses forecasts, hurt by trading

Morgan Stanley "missed its earnings by quite a mark, with surprisingly weak performances in two key areas: wealth management and equities trading", Opimas CEO ...

Aer Lingus: Aer Lingus branding by Lippincott | Creative Works

The new brand will be introduced today across its app, website, check-in and boarding gates, with the rollout fully complete by 2021. Now, it is time for a chan...

Jack Bogle, index fund pioneer and Vanguard founder, dead at 89

It would be no exaggeration to say that John Clifton Bogle - known as Jack - did more good for the individual investor than anyone else in the past century. E...

Patisserie Valerie says accounting scandal worse than thought

Mr Johnson, the company's chairman and largest shareholder, said the company had been "three hours". The company confirmed that RSM have been appointed audito...

Zhejiang Geely plans to manufacture Lotus cars at its new China plant

When news broke past year of Geely's plan to invest £1.5bn into its Norfolk outpost, we greeted it with the cautious optimism of a group of people who had alrea...

Clarity on angel tax lifts spirit of startups but concerns still linger

The Department of Industrial Policy and Promotion (DIPP ), last month, issued a statement saying that it had taken up the matter with the Department of Revenue...

Florida employee awarded $21M after being forced to work on Sundays

This week, a jury agreed and awarded Marie Jean Pierre $21 million in punitive damages , NBC reports. Hilton said it plans to appeal the verdict and da...

Australia to benefit from Facebook's $300m journalism boost

And a majority of Facebook's help in the area will come from the aforementioned $ 300 million investment in local news initiatives. The survey report found...

Microsoft pledges $500 million to boost affordable housing in Seattle

In a blog post on Wednesday, the company's president Brad Smith said he made a decision to pull the trigger upon the realization that "a healthy business ne...

The Number of Federal Workers Seeking Unemployment Doubled Last Week

District Judge Richard Leon said. Benefits are generally not given to "excepted" federal workers who are still working but won't be paid until the shutdown is...

Shopko Stores closing stores in North Dakota, Minnesota

Shopko has obtained up to $480M debtor-in-possession financing from certain of its secured lenders, led by Wells Fargo, N.A.as administrative agent, to help fun...

Tesla Model 3 will be the main focus of upcoming hacker competition

Any successful exploit gains the hacker a prize, but also some publicity. Tesla introduced over-the-air-software updates to its vehicles in 2012. Pwn2Own's...

Trump cancels delegation's trip to Davos due to shutdown

Donald Trump has cancelled a proposed overseas trip by his Democratic opponent Nancy Pelosi , and scrapped administration officials' travel to the World Econo...

Chinese envoy warns of blowback if Canada bars Huawei from 5G

Many within the Trump administration have attempted to expose China's intellectual property theft of US businesses, and have called on the president to apply ...

Ghosn's wife slams Japan detention as 'draconian' in letter

But his chief lawyer has previously been pessimistic about the 64-year-old being released soon from a detention center in the Japanese capital, partly because h...

Democrats fail to push latest funding bill to reopen United States govt

Trump is insisting Congress shell out $5.7 billion for wall funding as about 800,000 federal workers go unpaid during the partial shutdown. Both the Internal...

Man Miraculously Survives Stupefying Leap From Cruise Ship

Naydev's friend said "he's jumped from those kind [s] of heights before". The footage filmed by a friend shows a smiling Naydev stand up on the balcony's rail...

Are Goldman Sachs Earnings Signaling a Recovery?

Bank of America , meanwhile, reported fourth-quarter profits of $7.2 billion, more than triple the level seen in the same quarter of the prior year. Chief Exe...

Brexit negotiator says European Union to change agreement if UK's red lines change

Opening a debate on a no-confidence motion due to be held in the British parliament on Wednesday, Labour leader Jeremy Corbyn said Prime Minister Theresa ...

Taiwan holds live fire military exercises in response to China threat

In the SCMP's estimation, this makes it the first "semi-official organization on the self-ruled island to act on US calls to blacklist the Chinese telecoms gi...

Hundreds of flights axed as fresh strike hits German airports

Fraport FRAG.DE , operator of Frankfurt airport , Germany's busiest hub, said it expects severe disruption on Tuesday. The coordinated industrial action marks ...

Saudis say OPEC oil cuts on `right track' to balance the market

The Wall Street Journal reported in November that the oil major had been concerned about requirements for disclosure as well as the volatility and uncertain o...

US in criminal probe of China's Huawei

The report could not be immediately confirmed. The Huawei Technologies Company and the ZTE Corporation together with any affiliates or subsidiaries are the tw...

USA sounds alarm about China’s military and economic inroads in Indo-Pacific

Speaking to reporters in Washington on Tuesday, a senior defense official admitted that he was anxious about China now having the confidence to pull off major...

China's natural gas imports hit record high

China's United States trade surplus hit a record high of $323bn in 2018, the highest in more than a decade, according to figures released by the country's Gen...

NAIAS: Cadillac gives preview of EV crossover concept

When America's largest automaker launched its first electrified vehicle, the Chevrolet Volt, company leaders said their electric cars would have to be sold ...

Cathay Pacific mess up first-class ticketing yet again

First-class flights from Lisbon to Hong Kong - via London with a connecting flight - were offered for $1,512 (£1,177), according to the South China Morning P...

Walmart Bans Woman for Drinking While Riding Cart in Parking Lot

Officer Jeff Hughes, a WFPD spokesperson, said police were told by dispatchers that they were looking for a woman wearing a blue jacket and black trousers. The ...

Top auto awards go to Hyundai and Ram

Organizers accept no advertising, though automakers try to capitalize on the marketing value of the awards. South Korea's Hyundai Motor Group won the vehicle ...

M&S names 17 stores for closure, with loss of 1,000 jobs

The Parkgate branch is the only South Yorkshire store under threat. The closure programme has already affected 1,891 people, with 1,591 of them being redeploy...

British lawmakers reject Theresa May’s Brexit deal

Conservative MP Dominic Grieve, who is spearheading efforts to unite Parliament to prevent a no-deal Brexit , said ahead of the vote that the prime minister ...

Galway based Supermacs win their trademark case against fast food Giant McDonalds

The European Union Intellectual Property Office (EUIPO) ruled that McDonald's trademark on the phrase " Big Mac " is no long valid in Europe. "We're delight...

Huawei founder says his company does not spy for Chinese government

Asked about U.S. President Donald Trump's suggestion he might intervene in Meng's case if that facilitated a resolution of Washington's tariff battle with Be...

White non-college Americans move away from Trump during shutdown

Democrats say they will discuss border security once the government has reopened, but Pelosi is refusing money for the wall they view as ineffective and immor...

Volkswagen, Ford launch alliance for pick-ups, vans

Ford and Volkswagen both have strong commercial van and pickup businesses around the globe, with popular nameplates such as the Ford Transit family a...