Finance

Central banks set up digital currency group

Criteria to be examined include not just economic results but functional and technical design choices, cross-border interoperability, and the "sharing of knowle...


USA threatens retaliatory levies if United Kingdom presses ahead with digital tax

Le Maire insisted: "Digital companies will pay their fair tax in 2020". That opened the door to the U.S.'s threat to retaliate. The U.S. had threatened to put...


What we know so far about the new SARS-like virus

Australia is due to play China, Thailand and Chinese Taipei in the final round of qualifying for the 2020 Tokyo Olympics, but those matches will now be playe...


‘US president Donald Trump shows willingness to visit Pakistan soon’

Trump's participation in the annual gathering of political and business elites in the Alpine ski resort will provide a conspicuous split-screen moment in a pres...


Trump clashes with Greta Thunberg at Davos

He called for optimism and criticised the thought process of "fear and doubt" being put forward by environmental activists. But he also warned against the "pe...


'We have to be prepared for the worst' with coronavirus, expert says

More tourists visit Australia from China than from any other country, with more than 1 million people arriving in 2019. A new coronavirus identified in Ch...


World powers agree to respect arms embargo in Libya’s war

The civil war has had a destabilizing effect on neighboring countries, and Libya has become a center of human smuggling operations for migrants seeking to cross...


International Monetary Fund cuts India’s FY20 GDP growth projection by 130 bps to 4.8%

The fund forecasted growth of 1.3 percent for the euro area. The 2020 estimate for the USA was lowered by 0.1 percentage point to 2 per cent, and 2021 held ...


Trump thanks farmers for backing him through China trade war

President Donald Trump championed a pair of trade victories at a farm convention Sunday in Austin, Texas. Trump signed a preliminary trade deal with China a...


Trump blasts impeachment by 'radical left' and touts trade deals to farmers

The deal is also a boon for Trump as he faces an impeachment trial in the Senate this week, followed by a tough re-election fight. "I get impeached", he sa...


'Devil is in the detail' - European Union says will check US-China deal

On Friday, the 17th of January 2020, a raft of European stock indices wrapped up the day at a record closing high after the bloc's Trade Commissioner, Phil H...


Amazon to create a million jobs in India: Jeff Bezos

Plans for two hubs have been approved at Amazon in the backdrop of chief executive Jeff Bezos' visit to India. Amazon has denied these allegations and company...


Google's parent Alphabet joins United States dollars 1 trillion club

This marks the first time three USA companies have held a valuation over $1 trillion at the same time. Another tech titan, Amazon , transcended the trillion-...


NHTSA to review petition about alleged unintended acceleration in Teslas

U.S. driving safety regulators is considering an investigation into claims of unexpected acceleration in Tesla's EVs, the NHTSA has confirmed, after owners comp...


Hyundai and Kia to co-develop electric vans with Arrival

The funding will be used to support the next stage of the company's development as it looks to upscale its production of an electric van it hopes will rival e...


BlackRock issues climate change warning to investors

Given that BlackRock manages almost $ 7 trillion in investments, and that firm's commitment was preceded by recent acts of leadership from Goldman Sachs an...


How the most important U.S. stock indexes fared on Wednesday

Market sentiment brightened further this week after the United States and China sealed a Phase 1 trade deal, pausing an 18-month tariff dispute that has weighed...


PC shipments grew in 2019, ending 7-year slump

Meanwhile, Gartner's PC industry numbers tell a similar story, with data suggesting that worldwide PC shipments grew 2.3% for Q4 2019 and 0.6% for the entir...


Microsoft Plans to be carbon negative by 2030

That goes beyond a pledge by its cloud-computing rival Amazon , which intends to go " carbon neutral " by 2040. "We recognise that progress requires not ju...


Morgan Stanley (NYSE:MS) Releases Earnings Results, Beats Estimates By $0.22 EPS

Hedge funds and other institutional investors own 52.56% of the company's stock. Sandler O'Neill upgraded shares of Morgan Stanley from a "hold" rating to a "...


China's GDP growth at 6.1%, lowest in 29 years

China's economy grew by 6.1 per cent last year, the lowest growth rate in 29 years, the National Bureau of Statistics said on Friday, as weak domestic demand ...


China's economy expands 6.1 pct in 2019

Beijing's trade spat with the United States , stuttering global growth and weakening domestic demand combined in its joint-worst slowdown in seven years. Real...


Bitcoin hits a two-month high as the price trades above $8,500

CME Group , a US-based derivatives exchange, has kicked off trading for its Bitcoin option by beating its rival, the Intercontinental Exchange-owned Bakkt . ...


Amazon plans $1bn investment in India despite trader backlash

Amazon founder and CEO Jeff Bezos has been rubbing shoulders with some of India's top entertainers during a trip to the country this week. India's Commerce ...


China Boosts US Purchases in Phase 1 of New Trade Deal

US President Donald Trump hailed the deal as a breakthrough and a momentous step towards future trade that will be fair and reciprocal. But, Trump noted t...


Visa buys financial technology company Plaid for $5.3B

Bankers refer to companies like Plaid as "the plumbing" behind how these apps work. Connectivity between financial institutions and developers has become incr...


US Stocks end mixed on profit booking

With the S&P 500 at record levels, equivalent to around 18 times expected earnings, algorithmic traders and human investors interpreted the Bloomberg report as ...


U.S. Economy Added 145000 Jobs in December

There is one serious feat, considering that the recession is now a decade in the past. That's according to the Wall Street Journal , which said the last time...


Oil decline continues as US - Iran tensions abate and supply increases

The global crude benchmark traded at a $6.04 premium to West Texas Intermediate (WTI) for the same month. On the demand side, the USA and China are set to...


China auto sales declined 8.2% in 2019

Total vehicle sales, including trucks and buses, was off 8.2 percent at 25.8 million. Last year, Ford overhauled its management team under Mr. Chen-who was appo...


Newspaper: US, China agree to semi-annual talks

The greenback has surged 2.2 per cent versus the safe-haven Japanese currency since the middle of last week, as fears of a major military confrontation between ...


BoyleSports takes punt on 33 William Hill stores in NI deal

BOYLESPORTS have agreed to buy 33 betting shops in the north from William Hill for an undisclosed sum. She will be joining Elementis Materials Technology. ...


General Motors employees caught racing in Corvettes, police say

The Kentucky State Trooper says three Corvettes turn on Scottsville Road onto Ken Bale Blvd and accelerate heavily. That doesn't quite tell the full story, ho...


Amazon dismisses employees for filtering email addresses and customer phone numbers

If reading that gives you some serious déjà vu, it's probably because the same damn thing happened less than six months ago. Following the launch of allegat...


Takeaway Seals Victory in $8-Billion Just Eat Bidding War

Just Eat shareholders have approved a £6bn merger with Takeaway.com following a months-long battle in which the Dutch delivery firm outflanked a rival bidder. ...


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