Finance

OECD raises United Kingdom growth forecast

The good news is, among other things, that the OECD expects unemployment to continue to decrease, as well as the public debt, which could be shrunk to 100% of G...


Populist PM to lead new Italian government

In a last-minute shuffle of cabinet posts aimed at appeasing Mattarella, Conte remained but an 81-year-old euro-skeptic economist, Paolo Savona , was shunted f...


U.S. businesses add a solid 178,000 jobs in May

That was higher than 163,000 jobs added in the previous month but a little below market expectations of 190,000 job gains for this month. This monthly report co...


Economy adds 223K jobs in May, unemployment down to 3.8 percent

But the pickup in hiring this year suggests they are still adding to their head count and more people are reentering the job market after taking time off for he...


USA banks set for reprieve as regulators unveil 'Volcker rule' changes

The Fed's proposal preserves the bulk of the Volcker Rule but aims to clarify which trades are allowed under the regulation. The restrictions, codified in a s...


Passenger smoking in bathroom prompted emergency landing at SJC

Flight 1250 departed San Francisco International Airport and was headed to Los Angeles International Airport when the pilot reported a "mechanical difficulty", ...


Fed says Deutsche, NYC’s most active CRE lender, is "troubled"

GDAXI index, which was trading 0.6 percent lower. Deutsche Bank said it doesn't comment on specific regulatory feedback, adding, "We are highly focused on ...


MedMen Goes Public in Canada to Grow in U.S.

USA marijuana companies increasingly are turning to cannabis-friendly Canada to go public, with Los Angeles-based MedMen the latest business from south of the b...


GM's autonomous vehicle unit receives $2.25B boost from investment firm

In midday trading, GM shares were up more than 10 per cent, to almost $42. SoftBank will take a stake in a newly-created unit, GM Cruise Holdings, whose asset...


Poor performers on notice as Australia's $1.96 trln pension system faces overhaul

Under the commission's recommendations, the Fair Work Commission would be stripped of its power of administering the process for becoming a default-listed fund ...


European Central Bank sources: No need to intervene in Italy crisis

West Texas crude surged above $68 a barrel, lifting energy companies. The greenback was little changed after its biggest decline in almost three weeks and the y...


Modi's Offer to Sell Air India Flops

Choubey said yesterday there had been no contact from prospective buyers so far. The government said no bids were received for the distressed carrier, and it ...


Trudeau declines to meet Trump because of US precondition

Canadian Foreign Minister Cynthia Freeland announced then that Ottawa would place duties on United States steel and aluminium products on July 1 until Washing...


Trump moving ahead with plan to slap tariffs on Chinese goods

Washington will also press ahead with restrictions on investment by Chinese companies in the U.S. as well as export controls for goods exported to China , the...


'Talk of Turkish-US control in Syria's Manbij premature'

Manbij, a majority-Arab town near the Turkish border, was wrested from IS control by the YPG and its allies in the Syrian Defence Forces in 2016. Cavusoglu wa...


USA levies steel, aluminum tariffs on allies, risks trade war

The Canadian government released two lists of US products, proposing a 25 percent tariff on the first list and 10 percent on the second. Canada is the top...


Turkey hits back at Macron over 'dictator' magazine cover

Expect both measures to cool the economy and possibly hurt his Justice and Development Party come local elections in March next year. On May 24 it raised the ...


Joseph Starbucks Set to Close for Racial-Bias Training

Starbucks stores in downtown Honolulu, as well as at Ward Village, Ala Moana, Waikiki, Kahala and most standalone retail locations will all close at 2:30 p.m...


US Hits EU, Canada and Mexico With Metal Tariffs Despite Brussels' Backlash

The chaos is partly the effect of President Donald Trump's mercurial temperament, and the fact that he is served by advisers who disagree with each other. But...


Waymo will purchase up to 62,000 self-driving minivans from Chrysler

After ordering thousands of Chrysler Pacifica Hybrid minivans in January, Waymo is drastically expanding its self-driving fleet with an 62,000 more vehicles. ...


PM Narendra Modi meets Malaysian counterpart Mahathir Mohammad

However, at the same time Mahathir announced Malaysia wanted to develop an island on Middle Rocks, at the eastern entrance of the strategic Singapore Strait. ...


Why Tesla Model 3 Could Soar to the Top in Norway

The first example is now ready, but if you want one there is a chance you may get it as a 20-strong production run is planned. And, if you're in the United King...


Freeland heads to Washington as NAFTA hangs in balance

From the National Association of Farm Broadcasting News Service . "We have to be careful about compounding the problem", he said. "I do think we have to sta...


India's Q4FY18 GDP growth beats estimates, rises to 7.7 per cent

NEW DELHI-India's economic expansion accelerated to the fastest pace in almost two years, pulling further ahead of rival China in the race to be the world's fa...


Bombardiers new aircraft claims to offer smoothest rides

Montreal-based Bombardier is banking on the Global 7500 , which will sell for about US$73 million, to contribute about US$3 billion in annual revenue at the ...


Stocks end sharply lower as Italy worries trigger global equity selloff

At 13:48 pm. EDT the Dow Jones Industrial Average . DJI was down 406.82 points, or 1.64 percent, at 24,346.27, the S&P 500 . SPX was down 34.69 points, or 1...


Banking services hit as bank unions in Odisha join nationwide strike

Sudarshan told IANS in Bengaluru. With the strike taking place at the end of the month, salary withdrawals from branches are likely to get affected. Meanwhile...


President Trump reportedly poised to ban German luxury carmakers from USA market

Department of Commerce launched an investigation to determine if automobile imports "threaten to impair the national security ". President Donald Trump is ...


Wall Street falls on Italy worries; bank shares drop

Small-cap United States companies generally are more domestically focused than their large-cap counterparts. KeyCorp rose 2.2 per cent. The Nasdaq composite a...


Hotel valet cut out of Porsche after botched parking job in Sydney

The valet had to be cut out of the sports auto and was " embarrassed and a little bit shocked ", the hotel's director of sales and marketing told ABC. Police ...


European stocks, euro rocked by Italian turmoil

But don't bet on any early clarity to Italy's confusion. The euro is bouncing back on Wednesday after a rapid decline sparked by Italy's political crisis. T...


USA hits EU, Canada and Mexico with steel, aluminum tariffs

There's potential "flexibility" in the future because the president has the power to increase or cut tariffs, remove them, or enact quotas, he said. Canada has ...


Sir Martin Sorrell to comeback with new advertising venture

There are significant opportunities for development in technology, data and content. One of Britain's best known businessmen, Sorrell said he would invest 40 ...


Singapore Airlines announces world's longest flight route

The route will initially be scheduled three times a week, with flight departures on Monday, Thursday, and Saturday. The airline has also revealed its plans to...


Bitcoin junkies get therapy at British cryptocurrency addiction centre

Does the idea of taking a break from cryptocurrency trading annoy you? Treatment at Castle Craig residential rehab clinic involves intensive evidence-based...


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