Finance

Jack Ma's Ant Financial Valued Around $150 Billion After Funding Round

The funding includes both United States dollar and Chinese yuan tranches, with the dollar share widely expected to make up the majority. The dollar share made u...


At 200 petaflops, the United States once again owns the world's fastest supercomputer

Although the United States is touting Summit as the world's fastest supercomputer, the official rankings won't be out until later this month, when the organiz...


US Cuts Deal With Chinese Smartphone Maker ZTE, Despite Opposition From Senators

Not all was rosy - U.S. lawmakers threatened legal action against the ZTE deal, saying the telecoms firm posed an "espionage risk" to the United States in add...


Buffett, Dimon say quarterly profit forecasts harming economy

Buffett and Dimon helped produce a set of voluntary governance guidelines two years ago, which was signed by more than one dozen executives. They argue tha...


Emirates has plans to fly windowless aircraft in future

With only six seats in a 1-1-1 configuration , the layout means each passenger has their own 40sq ft private, fully enclosed suite. Emirates chose to fix this p...


Donald Trump says Russian Federation should be be allowed to rejoin G7

That set the tone. He spent Friday participating in the rituals of the G-7, including the formal greeting by host Trudeau, a group photo in front of the spark...


Kinder Morgan INC Del (KMI) Holder Camden Asset Management LP Lowered Position

The pipeline company reported $0.22 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.21 by $0.01. A number of other institutional in...


Ikea to ban single-use plastic from stores and restaurants

The Scandinavian chain made a decision to go for this anti-plastic move in order to help its customers live more sustainably in response to the growing concern ...


Rare orange lobster found by supermarket workers

In a post on the store's Facebook page , they said they wouldn't be selling the rare fella. Most lobsters that end up in fish market tanks are wearing the sa...


KFC to test vegetarian fried chicken

As far as its secret blend of herbs and spices, KFC says all 11 of those ingredients will be on the new vegetarian option, too. The chicken run coincides wi...


Airbnb cancels bookings for unregistered hosts

Airbnb has been forced to cancel thousands of bookings in Japan following new regulations enforced by the Japanese government. Airbnb said it would therefo...


Thousands of Australian job seekers' details potentially exposed in hack

PageUp this week revealed it had detected unusual activity on its IT network in late May and launched an investigation that revealed client data may have been...


Porsche Picks Taycan as Name for Its First Electric Vehicle

The Taycan "must be a Porsche first", Stefan Weckbach, vice president of Porsche's battery electric vehicle program, told The New York Times recently. But...


Verizon taps Hans Vestberg as chief executive

Hans Vestberg as the CEO of Ericsson could not revive the Sweden-based telecom network company despite exploring opportunities to grow bigger and lower cost. He...


Camp Day is back!

Over five summers, Campers develop skills, overcome challenges and embrace leadership opportunities. Skip to the next and previous photo by typing j/k or ←/→....


Harvey Weinstein pleads not guilty on the criminal charges against him

The other accuser, former actress Lucia Evans , has gone public with her account of Weinstein forcing her to perform oral sex at his office in 2004. The case...


France, Canada warn Trump on trade war

The comments come amid growing concern about trade disputes between the U.S. and its partners in North America and in Europe. If we're unable to make a deal, we...


Recreational Marijuana Bill Passes In Canadian Senate

Senators have voted to pass the Trudeau government's landmark legislation to lift Canada's 95-year-old prohibition on recreational cannabis by a vote of 56 to 3...


Michigan voters to decide on legalizing recreational pot

Since most people who support legalization are more liberal or progressive, Republicans believed that having the issue on the ballot in November would mean mo...


Struggling Poundworld 'set to call in administrators'

On Thursday the retailer, which has 5,000 staff, filed a notice of intention to appoint an administrator. The retailer's management are understood to be in ta...


China offers to buy $70 billion in US goods

Larry Hu, chief China economist at Macquarie Capital, said that with the exception of soybeans, China had yet to aggressively increase its imports from the ...


Trump ramps up Twitter criticism of Canada ahead of G7 getting underway

Fears of a looming trade war were heightened last week after all the G7 nations announced plans to retaliate against Trump's tariffs with tariffs of their own...


MPs say they have "lost confidence" in TSB chief exec Paul Pester

Nicky Morgan MP, chair of the Treasury Committee , noted that the FCA does not make such stinging criticisms lightly. She had written to Mr Meddings on behal...


Canada closer to legalising marijuana after senate vote in favour

Bill C-45 now goes back to the House of Commons where Members of Parliament will decide on what to do with proposed amendments, it will then back to the Senat...


US trade deficit falls for second straight month in April

Canada's trade deficit in April narrowed to the lowest in six months as imports slumped and exporters continued to show signs of strength. But for the year, t...


Apple cuts orders for 2018 iPhones by 20%

The latest news sent Apple's stock down 2.2 percent to a value $189.20. The report suggests Apple is moving aggressively to make both of those models and a Pl...


Oil gains on Venezuela export cuts, OPEC production levels

Falling Venezuelan oil output helped push crude benchmark Brent to more than $80 a barrel last month, but prices have eased since then on talk of higher suppl...


France's Emmanuel Macron Throws Down Trump Twitter Gauntlet: G7 Can Be G6

Even Republicans were left to wonder, "When has Canada ever posed a national security threat to the United States?" Tweeting in English, Macron stressed: ...


Google CEO bans autonomous weapons in new AI guidelines

But it has also experienced some of the perils associated with A.I., including YouTube recommendations pushing users to extremist videos or Google Photos imag...


Coinbase, Circle Vie to Create Brokerages for Crypto Securities

As part of securing these licenses, Coinbase acquired three companies holding various federal licenses: Keystone Capital Corp., Venovate Marketplace, Inc., an...


Ghana football rocked by damning documentary

He said the government would soon announce provisional measures to govern football activities until a new association could be formed. He is considered the seco...


Brexit: what is the UK's backstop proposal?

But speaking to reporters on her flight to the G7 summit in Canada, she twice refused to give a "cast-iron guarantee" that the end date would not slip. But Euro...


U.S. has more job openings than number of people unemployed

More importantly, upward revisions to the prior month made it the first in government data back to 2000 that openings exceeded the number of unemployed. The r...


Cambridge Analytica ex-boss admits getting Facebook data from researcher

Senator Mark Warner, the vice chairman of the Intelligence Committee, asked Facebook if Chinese firms Huawei Technologies Co Ltd, ZTE Corp or Xiaomi were amon...


Tesla SUV, on Autopilot, Accelerated Before Fatal Mountain View Crash

The Autopilot system was engaged on four separate occasions during the 32-minute trip, including a continuous operation for the last 18 minutes 55 seconds pri...


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