Finance

LeBron James to join Los Angeles Lakers in $154m deal

Another factor pundits considered behind James' move west was the opportunity to link up with a young roster, including 2017's number-two draft pick Lonzo Ball ...


European Union delivers stark warning to United States over auto tariffs

With state-by-state analysis, the business lobbying giant argues the new tariffs risk a global trade war that will harm Americans. The EU sent comments to the...


Paul Krugman explains how the Trump turned the world against the US

Brussels delivered the threat amid growing fears of an escalating trade war, as the USA president targets the bloc and others, including China, as part of a cam...


HTC axes 1,500 people

As part of HTC's plans for optimization of its manufacturing process, the company announced on June 2 that it would be cutting 1,500 jobs in Taiwan . The...


Saudi to raise oil production by 2mn BPD

The Indian basket represents the average of Oman, Dubai and Brent crude. "This was managed between the two to rob the pocket of rest of the world". "We feel...


Iranian President Rouhani leaves for Europe visit

In the previous round of sanctions on Iran's oil, India was one of the few countries that continued to import Iranian oil, albeit at lower volumes because the U...


Amazon announces Prime Day 2018 with more than one million deals

If this year's event is similar to previous Prime Days, you can expect to see deals going live throughout the day with some only available for a limited time....


LeBron James agrees to four-year deal with LA Lakers

In 11 seasons with the franchise, he averaged 27.2 points, 7.3 rebounds, 7.3 assists and 1.6 steals per game. Sunday's announcement came on the opening day of t...


Michael Dell on Going Back Under Wall Street's Spotlight

Dell said it will list its Class C shares on the New York Stock Exchange following the completion of the deal that will eliminate its tracking stock. The shar...


United States will 'absolutely' sanction European companies that do business with Iran

OPEC and non-OPEC countries said they would raise supply by returning to 100 percent compliance with previously agreed output cuts, after months of underproduc...


Wow: Tesla just built 7000 cars in a week

While that figure has been achieved (minus a few hours), it remains to be seen if Tesla can keep up this pace due to battery issues and an over-reliance on auto...


Cruise Worker Goes Overboard, Found by Another Cruise Ship

The cruise ship Carnival Glory found and rescued the missing person 21 miles north of Cuba. Christine Duffy, president of Carnival Cruise Line, released a sta...


Will Amazon's Delivery Service Pack a Punch?

Amazon says those businesses created under the program would operate 20 to 40 vans and employ between 40 and 100 people. This issue is one of the biggest chall...


Million-barrel question: How GCC will benefit from Opec output hike

Trump wrote on Twitter that he had asked the king in a phone call to boost oil production "to make up the difference..." Earlier in the day, Trump said that S...


Adidas US breach may have exposed millions of customers' personal info

Orbitz had announced a breach that exposed around 880,000 credit cards while Panera left millions of its customers' records exposed on its site. The informa...


Data-broker leak exposes 340 million personal records

Financial information like credit cards or bank account numbers isn't among the leaked data nor are social security numbers. The database he unearthed conta...


Saudi king said will boost oil output if needed: White House

If Trump's comments are accurate, oil analyst Phil Flynn said it could immediately knock $2 U.S. or $3 off a barrel of oil. But destabilizing OPEC could thr...


Not all Swiss bank money illegal

Revealing further into the data, customer deposits stood up to CHF464 million (Rs 3,200 crores), CHF 152 million (Rs 1,050 crores) through other banks and CHF38...


Euro inches higher as trade war fears hurt dollar; yuan slides

People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Thursday, June 28, 2018. ANALYST'S TAKE: "To a large ...


US Reinstates Sanctions Against Iran

The EIA reported that crude exports jumped to 3 million barrels a day last week, while refinery utilization rates increased to the highest since 2005 and refine...


A final good-bye: Toys R Us closes its doors forever

Shared on Facebook by Rene Johnpiere, presumably a Toys 'R Us employee, Geoffrey looks straight-up sad. In February it announced that an additional 200 stores...


Amazon wants to help you start a delivery business

Amazon says the earning potential for successful owners is as much as $300,000 in annual profit operating a fleet of 40 vehicles. Amazon said owners woul...


Bali shuts airport after volcanic eruption

Among the airlines serving the resort island, Garuda Indonesia, Sriwijaya and Indonesia Air Asia said they were working to help stranded passengers. Qantas tu...


China, EU teaming up against Trump in trade war

After months of rhetoric and threats, the trade fight seems to be coming to a head, with Europe imposing tariffs on $3.3 billion of American products Friday...


Rupee tumbles to all time low on rising oil prices

Rising crude oil prices deepened concerns about the country's current account deficit and inflation dynamics. The Argentine peso and Turkish lira are amon...


Will Trump put 20% tariff on European Union cars?

The EU targeted $3.2 billion in American goods exported to the 28-member bloc, including bourbon and Harley Davidsons. Mr Trump has threatened duties on up to...


Trump blasts Harley-Davidson over production shift decision

He tweeted: "The Aura will be gone and they will be taxed like never before!" In January, the company announced the closure of a plant in Kansas City, Misso...


BMW's Dutch Mini production provides Brexit hedge

BMW employs over 8,000 people in the United Kingdom and has previously warned that the company had to remain "flexible" about production post-Brexit. "If you h...


Iran rial plunges to new lows

Other videos appeared to show police charging into the crowd. User generated videos received by Radio Farda show buyers urging store owners to shut down and ...


UK euroskeptics urge PM May to prepare for 'no deal' Brexit

Metropolitan police estimate the People's Vote March had 500,000 attendees. Earlier this month, she was able to talk her way past a Tory revolt in the parli...


Trump softens trade stance toward China and raises optimism

As modernised by FIRRMA , CFIUS is the best approach to protect United States technology, because it provides a very comprehensive and agile set of tools. "The...


Trump Threatens Harley-Davidson Over Plan To Shift Some Production Overseas

The company also said it would move some motorcycle production overseas. One day after the Wisconsin-based company said it was planning to shift some manufa...


Democrats pounce on Harley-Davidson, Trump battle

In a piece by the Washington Post , the Mid-Continental nail, one of the country's largest manufacturers of nails, say they will be laying off approximately 60...


Mixed U.S. signals on tech limits on Chinese

In an interview on CNBC , Navarro said the US Treasury Department would report to President Donald Trump on Friday on the issue of China investment restric...


Oil drops after OPEC+ output deal, but markets to stay tight

WASHINGTON (Reuters) - U.S. Energy Secretary Rick Perry told reporters on Monday he believes a deal between OPEC and non-OPEC countries reached last week may ...


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