Finance

Chinese economic growth falls to 6.2% as global slowdown bites

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Zimbabweans queue outside banks as new currency begins trading

So what are RTG Dollars? The new currency replaces electronic bank savings called digital dollars and the bond notes and was named after the real-time gross s...

Microsoft employee group calls for cancellation of Army HoloLens contr

In a letter published on Twitter by Microsoft Workers 4 Good, a group that claims to be led by Microsoft workers, is says Microsoft workers "did not sign up t...

Fed says United States growth easing as global risks rise

Meanwhile, Fed policymakers do seem to have coalesced around a plan to leave their balance sheet permanently bigger than it ever was in the past, the minutes sh...

UK's relevance to Honda in doubt after Swindon closure

Honda is going to make some big changes with their global manufacturing hubs. Honda's decision, which will eliminate 3,500 local jobs, added to the list of th...

USA dollar steady after Federal Reserve minutes, trade issues back in view

But Canberra can't explain why ships are floating outside certain Chinese ports still laden with Australian coal - other than to say these things have happened ...

US, China sketch outlines of deal to end trade war

The world's two largest economies have slapped tit-for-tat tariffs on hundreds of billions of dollars of goods, slowing global economic growth, skewing supply c...

Kraft Heinz fail leaves Buffett and 3G well fed

Watch Kraft Heinz trade live . As far as its quarterly results, Kraft reported adjusted earnings of $0.84 a share on net sales of $6.89 billion, falling short...

Oil prices stable on trade hopes, but record USA output weighs

The figures came in below the analyst forecast of a build in crude oil inventories to the tune of 3.080 million barrels. Much of that growing output is comi...

Govt simplifies & widens definition of startups; provides relief from angel tax

Similarly, an entity will be a start-up if its turnover for any of the fiscal years since it got registered/incorporated was below Rs 100 crore , in place of R...

Britain managing Huawei risks, has no evidence of spying

Some frame it as a cold evaluation of the technical risks. "There's no way the USA can crush us", Ren told the BBC . The impact of the finding, if confirmed,...

Tesla Model 3 loses Consumer Reports’ ‘Recommended’ rating over ‘reliability’ issues

According to a report on Elektrek, Tesla is preparing to launch leasing products for its Model 3 electric sedan in order to boost demand. In the short term, no....

Crude-by-rail exports set new record in December, NEB says

The province estimates its rail plan will lead to a $5.9-billion increase in commercial, royalty and tax revenue for a net gain of $2.2 billion. Notley said s...

Police think Gatwick worker may have launched drone attack, Times says

One source told the paper: '[The drone pilot] knew the blind spots for it, where it could not be "hit". 'Hypothetically it could have been a disgruntled emplo...

Southwest Airlines cancels about 100 flights across country due to maintenance issues

Southwest Airlines canceled more than 100 flights over the Presidents Day weekend not from weather or crew issues but because more than twice the number of its...

Walmart Flexes In The Fourth Quarter, Beats All Expectations

Regarding Flipkart business, Walmart, Inc Chief Financial Officer and Executive Vice President Brett M Biggs said there'll be some additional costs to comply ...

Indian billionaire told to pay debt to Ericsson - or go to jail

The court ordered Anil Ambani and the two directors to pay a sum of Rs 453 crore to Ericsson within four weeks. The undertaking that was given was false t...

Amazon leads $700mn investment in electric truck startup

Amazon also invested in Aurora , an autonomous vehicle start-up company, on February 7th. As its e-commerce business and Prime fast-delivery service have gr...

EuroMillions ticket worth €175 million sold in Ireland

The upsides to Brexit now appear few and far between, but one might be the fact that jackpots have reportedly increased since the European Union referendum. T...

Honda CEO says decision to end production in Britain not Brexit-related

The closed South Gate entrance of the Honda auto plant in Swindon, England, Tuesday, Feb. 19, 2019. " Honda , like all other vehicle manufacturers, has a ma...

Theresa May back to chasing unicorns after winning back Tory Brexiteers

Mrs May's spokesman confirmed that she is still committed to reopening the withdrawal agreement agreed with the European Union last November. Lord Callanan ...

Payless Closing in Salina, Across Country

It said liquidation sales begin Sunday and the e-commerce operations will start "winding down". The Payless locations in Shopko Hometown stores also will clos...

Indian Oil signs first annual deal for USA oil

Indian Oil Corp , the country's top refiner, has signed its first annual deal to buy USA oil, paying about $1.5 billion for 60,000 barrels a day in the year to ...

Woman Removed From JetBlue Flight After Profanity-Laced Outburst

When she notices some plane passengers are filming her, she responds with another outburst. "What did I do?" she continued as she began to move into the aisle. ...

Honda to close Swindon plant in 2022 putting at risk 3,500 jobs

The Swindon factory builds around 160,000 Honda Civics a year, more than 90 percent of which were exported to Europe and the US. Honda said it would not b...

United Kingdom 'doesn't need to ban' Huawei 5G kit

The spokesman, Geng Shuang, said Washington was trying to "fabricate an excuse for suppressing the legitimate development" of Chinese companies. U.S. Accord...

India Central Bank to Consider Early $4 Billion Dividend to Government

The central bank's financial year runs from July to June. The government expects an interim dividend of Rs 28,000 crore which (if RBI agrees to it) will take ...

Payless ShoeSource to Close 2,100 US Locations Amid Bankruptcy Filing

But "in the meantime, the company is preparing to run going-out-of-business sales at its shops in the next week", the source said. On the heels of learning Di...

Flybmi enters administration blaming Brexit

Flybmi operated 17 aircrafts on routes to 25 cities across Europe. The company said it had been badly affected by spikes in fuel and carbon costs and uncer...

United Kingdom concludes it can mitigate risk from Huawei equipment use in 5G

However, there's a government decision due around April to say whether or not Huawei will be barred from contributing equipment to the UK's 5G network . The ...

Brent crude hits 2019 high above $65, buoyed by output cuts

Brent crude futures were up 82 cents, or 1.3%, at $64.43 a barrel at roughly 2:25 p.m. ET, down from a session high of $64.81, the highest intraday level in al...

Payless ShoeSource to Close All 2300 Stores

So far, Payless itself has not commented on the news. The company, founded in 1956, said that the liquidation doesn't affect its company's franchise operation...

Amazon dumped NY, but cities still wooing the company

Rep. Alexandria Ocasio-Cortez declared victory when Amazon announced Thursday that it would not build a second headquarters (known as HQ2) in Queens, New...

Amazon to acquire mesh wi-fi networking startup eero

With the easy-to-use eero app, customers can set up the system in under 10 minutes, share their network, program parental controls, and run speed tests on deman...

Alexandria Ocasio-Cortez Says She’s Fine With Sitting President Who Smokes Weed

For the 2014 tax year, the most recent data available from the IRS , the average top tax rate for the 400 Americans with the highest adjusted gross income wa...

Delta passengers injured during severe turbulence; Flight makes emergency landing in Nevada

His posts included several photos and a video which revealed the extent of the mess created by the turbulence in the aircraft cabin. Cellphone video f...