Finance

Trump tariffs could sink Mexican peso to lowest point this year

We've told Mexico the tariffs go on. Republicans in Congress have warned the White House that they are ready to stand up to the president to try to block his ...


Drones to deliver Amazon packages!

Amazon's head of consumer business Jeff Wilke said the feature was meant to help shoppers find styles and clothes they could not describe in words, and it used ...


Third straight RBI rate cut seen as economy cools

Other banks passed on the 0.25% cut in full. Lowe said that the bank would "continue to monitor developments in the labour market closely and adjust monetary ...


FCA says French politics caused merger pullout

Fiat Chrysler pulled out of an offer to merge with French automaker Renault late Wednesday, saying in a statement that France's political climate would preve...


How bad are MI roads? GM is testing airless tires

This translates to reduced use of raw materials and less waste. It builds on the Vision concept that was introduced at the 2017 summit meeting. The benefits i...


Former U.S. ambassadors to Mexico push Trump to ‘delink’ trade, migration

But Mexican Foreign Minister Marcelo Ebrard, who was to meet with Vice-President Mike Pence, Secretary of State Mike Pompeo and others, said Tuesday he thought ...


Oil slumps 4% on U.S. inventory build, equity rally caps losses

Information released Wednesday by the U.S. Energy Information Administration revealed commercial crude inventories surged by 6.8 million barrels in the week thr...


China's Huawei to sell undersea cable business

While the US rolled out two dozen charges against Huawei in January, Poland arrested a Huawei employee on allegations of espionage, further strengthening pre-...


Top tech executives will be asked to testify in USA probe

Federal Trade Commission will oversee antitrust scrutiny into whether the firm's practices harm competition in the digital market under an agreement with the J...


Huawei Slows Down Production, Following Trade Ban

Foxconn is the largest producer not only for Huawei but for Apple. Huawei sells about half its smartphones in China, according to Canalys . In particular, F...


News images of Donald Trump's state visit to the UK

A giant inflatable blimp depicting Donald Trump as a pouting baby in a diaper flew outside the British Parliament in London ahead of what is expected to be ...


Tesla opens orders for China-made cars

Buyers can expect to get their vehicles in six to 10 months' time. Adam Jonas, an analyst at Morgan Stanley, said recently that a lower-price model in China w...


Google outage affects YouTube, Google Cloud and G Suite

The issue appears to be related to Google's Cloud service, its Cloud dashboard indicates. When Google Cloud experienced problems on Sunday, people felt th...


Mexico Prez confident of negotiations with United States over tariffs

The president said last week that he will impose a 5% tariff on Mexican goods on June 10 to pressure the government of Andres Manuel Lopez Obrador to block Cent...


Oil prices plunge amid Trump's tariff threat on Mexico

WTI earlier marked its lowest since March 8 at $55.66 a barrel. Crude headed for the second week of declines in May as President Donald Trump's threats to imp...


United States preparing anti-trust probe of Google

It also donates money to dozens of nonprofit groups active on antitrust issues. The European Union recently fined the tech giant $5 billion, asserting it used i...


Mega Millions numbers: Did you win Tuesday’s $444 million lottery jackpot?

New Jersey lottery officials have not yet disclosed where the $1 million dollar was sold in the state. The cash option for the massive March 27 jackpot was wo...


Elon Musk claims he earned nothing from Tesla in 2018

Considering the current cheapest US-built Model 3 in China is 377,000 yuan (about $54,600), thanks in part to the current round of trade-war tariffs, that's a s...


Delek buys shares of Chevron's British North Sea rigs

Norway's DNO this month said it aims to boost production in the North Sea by making more acquisitions, while ConocoPhillips recently sold its assets in the Nort...


USA rebrands fossil fuels as 'molecules of freedom'

The declaration further quotes Steven Winberg , the Energy Department's assistant secretary for fossil energy as saying: With the United States in subsequent y...


Australian minimum wage to increase $21.60 a week, Fair Work Commission announces

The Living Wage Foundation argues that businesses paying the living wage benefit from more productive and motivated workers. The number of low-paid workers dr...


USA economy 1st quarter growth adjusted down to 3.1 percent

Imports in the first quarter shrank by 2.5 percent, compared with 3.7 percent in a previous estimate. Fourth-quarter wages and salaries were revised lower by $5...


Microsoft is Opening its First Flagship Store in London This July

As a Londoner, it's pretty exciting to finally have a Microsoft Store in the area. The newest flagship Microsoft Store in London joins world-class Microsoft S...


Why Uber Stock Rose after Q1 Earnings Results

In a call after the results were published, CEO Dara Khosrowshahi said the disappointing start as a listed company was just a step of "the long journey of makin...


Donald Trump to end preferential trade treatment for India on June 5

Jaishankar assumed office as External Affairs Minister, pointing to the fact that the immediate challenges before him will come from the USA, and its "great pow...


Oil prices fall as trade war worries outweigh supply disruptions

The price of oil tanked on Wednesday morning after China upped the ante in the trade war, hinting at stifling rare earth minerals exports to the United Stat...


IKEA brings TV's most iconic living rooms to life

Ikea has released TV-inspired furniture sets that let shoppers recreate living rooms from their favourite shows. Vinod Jayan, IKEA UAE's Managing Director, sa...


Amazon is interested in buying Boost Mobile from Sprint and T

Only one day after the FCC ( Federal Communications Commission ) indicated that it would back the merger, staff in the DOJ's (US Department of Justice) antitrus...


Air Canada expecting 'normal day' at Calgary airport following Tuesday night outage

YVR spokesman Brock Penner advised Air Canada passengers Wednesday to check their flight status on yvr.ca and leave extra time for check-in and bagging processi...


Family Dollar to start selling alcohol

Dollar General and Dollar Tree alone are expected to have 50k stores in the next few years. In March, it was announced almost 400 stores would be closed in 20...


Alibaba aims for second listing in Hong Kong

The plans are preliminary and could change, the people added. For example, the Trump government blacklisted several Chinese tech companies. Hong Kong past y...


Trump hitting Mexico with a 5% tariff in response to migrants

In a White House statement, Mr Trump said the tariffs would rise by 5% each month until October 1, when the rate would reach 25%. A statement from the White...


Uber May Now Deactivate Your Account for Being a Jerk

According to the Uber website, the platform is available in MI in Ann Arbor, Detroit, Flint, Grand Rapids, Kalamazoo and Lansing markets. "Each city has its ...


US Treasury again says China is not manipulating currency

It also lowered the current account surplus threshold from 3 percent of GDP to 2 percent, suggesting an expanded list of countries surveyed. -China trade tensio...


Huawei calls for swift court resolution to trade ban

Huawei's latest motion was filed late on Tuesday in the US. "Politicians in the USA are using the strength of an entire nation to come after a private compan...