Finance

China made no progress in deputy-level trade talks: Chinese state newspaper

It was initially reported that Trump would meet with Chinese officials on Friday if today's high-level talks go well. But the atmosphere for the high-stakes...


Zuckerberg to testify before US Congress over Libra

The chief executive officer Nick Read said his company would continue as a member of the Libra Association but called for the appointment of an independent ...


OECD consulting on digital tax proposal

Its draft proposal are now open to a public consultation process, and would see multinational firms re-allocate some profits and corresponding taxing rights t...


Slam the Brakes: HSBC to Cut 10,000 Jobs

The bank , one of several European lenders eliminating roles, is questioning why it has so many people in the region when it has double-digit returns in parts ...


Major US-China trade deal remains unlikely as talks resume

Beijing had lowered its expectations for significant progress during this week's trade talks, Chinese government officials told Reuters News Agency, after the...


Russia Going Nowhere in Global Competitiveness Rankings

The Netherlands jumped two spots to fourth place while Switzerland fell one to fifth. Last year India was ranked 58th in the annual index. Those indicators ar...


Thomas Cook's 555 shops to be bought by rival

Hays Travel has already employed 421 members of Thomas Cook staff since the travel group went out of business last month and has now sealed a deal to buy all of...


Turkey begins operation against Kurdish forces in Syria

According to a local broadcast citing Turkish Defense Minister Hulusi Akar on Wednesday, the Turkish army's preparations continue. Erdogan said the operat...


United Kingdom Brexit minister to meet European Union negotiator on Thursday

Responding to Downing Street's comments, First Minister Nicola Sturgeon tweeted: "The UK government's attempts to shift the blame for the Brexit fiasco to a...


Brexit deal 'essentially impossible' after PM's call with Merkel, source claims

However DUP leader Arlene Foster said Mrs Merkel's reported comments showed the true objective of the EU and the Dublin was to permanently "trap" Northern Irel...


Dick's CEO: $5 million worth of assault rifles turned into scrap metal

America's close ties with the right to bear arms has proven a hot topic for citizens and corporate entities alike. Stack told CBS the controversial decision...


Downing Street source brands attempts to back Brexit delay 'hostile interference'

The Prime Minister's official spokesman acknowledged there had been a "frank exchange" with Mrs Merkel and that the talks had reached a "critical point", but re...


Brexit deal is "essentially impossible" ever, says Downing Street source

Irish Minister of Foreign Affairs Simon Coveney at the European Union headquarter in Brussels, Belgium , on September 27, 2019. On the markets, the pound l...


Trump shifts tone on Turkey in effort to halt Syria invasion

Trump sought to explain his position by stressing that Washington has an important relationship with North Atlantic Treaty Organisation member and trading partn...


Samsung predicts profit decline as chip market swoons

That sounds pretty bad, and it's certainly not good no matter how you look at the situation, but the company can find a little solace in the fact this Q3 2019 t...


Lorry import tariffs to be cut in no-deal Brexit

As a result, accumulated national debt would climb to nearly 90 per cent of GDP (Gross Domestic Product) for the first time since the mid-1960s, the IFS said. I...


Unilever announces plans to reduce plastic use

Ellen MacArthur, former record-holder for the fastest solo circumnavigation of Earth and Founder of the Ellen MacArthur Foundation , added: "Today's announceme...


GE pension freeze: GE freezes pension plan for 20,000 USA employees

The company has announced net debt reduction actions of between $9 billion and $11 billion, including tender offers to purchase up to $5 billion of its existi...


HSBC Plans to Cut 10000 Employees

At the same time it revealed it would axe 2%t of its global workforce, or roughly 4,000 mostly management jobs, in a new restructuring aimed at weathering the g...


China Trade Talks To Resume Thursday

The two sides have been at loggerheads over USA demands that China improve protections of American intellectual property, end cybertheft and the forced transfer...


Main issues in UAW-GM labor talks narrow to wages, pensions

John Kirk, right, a 20-year-employee, pickets with co-workers outside the General Motors Fabrication Division, Oct. 4, 2019, in Parma, Ohio. The main reason, ...


US Trade Deficit Rises in August

The goods deficit with China dropped 3.1% in August to $31.8 billion and is down 11.4% so far this year. The overall US trade deficit on Friday widened to 54....


Energy giant BP announces new CEO will take over in 2020

Dudley leaves on February 4, 2020 after the presentation of the figures for the previous year. Dudley has spent 40 years at BP in total and replaced Tony Hay...


Fed chairman: Goal is to keep economy in 'good place'

We are going one meeting at a time . Still, he's aware of the challenges facing the central bank, namely low growth, low inflation, and low interest rates. "B...


FT: HSBC to cut up to 10000 jobs

According to two people briefed on the plan, this is one of the firm's "most ambitious attempt to rein in costs in years". Then, HSBC's finance director Ewen...


Paypal drops out of partnership with Facebook's Libra

PayPal Holdings Inc. pulled out of the Libra Associationexternal link , a blow to Facebook Inc.'s efforts to develop a digital currency . All founding memb...


Apple's Tim Cook goes to bat for 'Dreamer' immigrants at Supreme Court

Speaking to les Echos , Tim Cook said that just like defence, money must remain in the hands of states. According to the terms of the Apple Card , customers...


US Unemployment Rate Falls to 50-year Low of 3.5%

The total labor force increased by 117,000, while the employment-to-population ratio increased one-tenth of a point to 61%. Paychecks grew by just 2.9% over the...


US Unemployment Falls To 50-Year Low Of 3.5% In September

The retail sector also continued to shed jobs. Still, a drop-off in the pace of hiring compared with a year ago points to rising uncertainty among employers a...


Ukraine reviews cases on owner of firm that hired Biden son

U.S. diplomats, backed by Trump's personal attorney Rudy Giuliani and in coordination with a Zelensky aide, prepare a possible phone call between the two heads ...


Taco Bell is Giving Away Free Tacos Tomorrow

Buy two tacos, get one gratis at the Downtown Boise location of locally owned Calle 75 Street Tacos , 110 N. 11th St. Sip on $2 Tecates and $5 margaritas . It...


RBI cuts repo rate by 25 basis points to 5.15%

The last time the Governor went in for 35 basis point (bps) cut, which was non-conventional and had popped up the choice between 25 bps and something more this ...


Facebook’s Libra Backers Fear It Could Taint Their Image Among Regulators

Reuters reported last week that Facebook could push back the launch of Libra to tackle regulatory concerns that have been raised around the world. Marcus...


Thomas Cook Belgian arm bankrupt, 500 jobs at risk

The CAA said two-thirds of people on holiday have been brought home, with a further 43,000 due to return on or before October 6. Last week, the Business Selec...


Stocks Fall, Treasuries Rise on Weak Services Data

US stocks whipsawed as investors ramped up bets that the Federal Reserve will cut rates this month to shore up an economy showing increasing signs of weakness. ...


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