Finance

Burberry destroyed $37M worth of excess products to protect brand

Fashion brands burn millions worth of their stock yearly and Burberry's latest annual report proves it. They have to grow at the risk of "diluting their ...


McDonald's giving away french fries for remainder of 2018

McDonald's french fry fiends can grab a medium order with a click or two every Friday for free for the rest of the year. Fry lovers will have to make a minimum ...


London Heathrow airport says operations resuming after fire alarm

Passengers at the airport on Wednesday were left frustrated as those trying to catch flights were faced with a lack of information and alternative travel option...


Trump threatens tariffs on all $505bn of Chinese imports

MSCI's gauge of stocks across the globe gained 0.45 percent, helped by Asian markets. A weaker yuan risks increasing trade tensions with the Trump administrat...


28th GST Council meeting in Delhi

Ahead of the Rakshabandhan festival, which celebrates the brother-sister bond, Rakhis have also been exempted from GST . In terms of tax returns, Mr Sisodia ...


The orders keep flowing at the Farnborough Air Show

Combined, the deals are worth $4.2 billion at list prices. Boeing may also report at least one undisclosed order this week. In 2015, Jet Airways had place...


Oz June Job Growth Booms

The bank is widely expected to keep its benchmark lending rate steady at 5.25 percent. Both Labor and the Coalition have been ramping up their immigration rhe...


United States enlists United Nations to keep sanctions pressure on NKorea

If the path to get there is "not easy", it is "pretty straightforward", Pompeo said. Under a United Nations sanctions resolution adopted last year, crude oi...


Trump Fed critique sends dollar lower

Last month, the Fed raised its benchmark rate for a second time this year and projected two more increases in 2018. The Fed last raised borrowing costs in...


Munro & Associates: Tesla Model 3 teardown points to strong gross margin

Germany subsidizes electric vehicles that cost no more than 60,000 euros. Tesla in response to prosecution claims that the cars basic value of 60 thousand e...


Apple Watch, FitBit could feel cost of USA tariffs

Apple's favourite press office, the New York Times , has reported that Trump told Apple CEO Tim Cook during a meeting in May that the U.S. government would no...


Samsung, Xiaomi corner 60% share of India's smartphone market in Q2: Canalys

Overall smartphone shipments grew by 22%, to just under 33 million units, Canalys said. Vivo took the third place with 3.6 million shipments while Oppo ...


Trump slams Fed's rate policy despite strong economy

The Fed last month raised its benchmark rate for a second time this year and projected two more hikes this year. "I am not happy about it. I couldn't care l...


Microsoft revenue exceeds $100bn boosted by cloud services

Microsoft now has three reporting segments: Productivity and Business Processes (covering Office , Exchange, SharePoint, Skype, and Dynamics), Intelligent Clou...


Trump threatens to slap tariffs on all $505bn of Chinese imports

China imports only $129.9 billion of USA goods, which leaves it little room for a tit-for-tat response. A weaker United States dollar leads to higher exports. "...


The EU suggests Theresa May's Brexit plans could be illegal

Their published warning points to the 60 "preparedness notes" done by the commission on specific legal consequences of Brexit . 'Tthe UK will no longer be ...


No confidence motion: PM Modi calls for disruption-free debate in House

We owe this to the people & the makers of our Constitution. "India will be watching us closely", the Prime Minister said. In April, PM Modi announced that t...


Trump criticizes Federal Reserve, breaking long-standing practice

After more than six years of record low interest rates that helped the USA economy recover from the 2008 financial crisis, the Fed began to slowly raise rates a...


'Ready to Go' With Tariffs on $500B of Chinese Imports

The list named more than 6,000 items including food products, minerals and consumer goods such as handbags, to be subject to a 10% tariff. "We're down a trem...


Oil prices fall after surprise rise in USA inventories

Saudi Arabia rejected concerns that it's planning to oversupply global oil markets and said it will actually trim crude exports next month. Production of cru...


Trump 'not happy' with Federal Reserve interest rates

Mr Trump said higher interest rates left the United States at a disadvantage when compared to the European Union and Japan, where easy money policies persist. "...


Johnson slams May's Brexit plan in speech to Parliament

Pro-EU politicians complain that it would still leave Britain facing complicated customs procedures, and outside the free market for services that make up mos...


Auto industry sounds off on vehicle tariffs

The stakeholders are presenting a united front against the Trump administration's unprecedented investigation into whether imports of autos and auto parts pose ...


Headline CPI rose 0.4% in Q2 - ANZ

It traded at 57.81 euro cents from 57.78 cents and rose to 4.5211 yuan from 4.5124 yuan. For the record, we anticipate 0.6% q/q, for annual CPI inflation of 1.7...


Trump Slams Interest Rate Hikes, Ignoring Hands-Off Tradition Toward Fed

Powell has downplayed concerns about Trump's politicizing the Fed. "I'm not thrilled" the Fed is raising borrowing costs and potentially slowing the economy, ...


Employment rate at new record high

The jobless rate in Scotland is now 4.4%, compared with 4.2% United Kingdom wide. United Kingdom employment rose to a record high in the three months to end-M...


Larry Kudlow blames Xi Jinping for Trump tariff, China trade war

President Xi, Kudlow said, is "holding the game up" with the US, though the country overall would rather make a deal. In fact, while some think that the boomi...


Morrisons launch "Quieter Hour" for shoppers affected by noise

Morrisons stores in the county are set to become the first to introduce a "quieter hour" designed for customers with autism. Staff will avoid making tannoy an...


Argentine steak restaurant Gaucho set to crash into administration

The group filed a notice of intent to appoint Deloitte as administrator on Wednesday, a legal process which gives the company 10 days protection from creditors,...


Mastercard Wins Patent for Speeding Up Crypto Payments

In a document published within the U.S. Patent and Trademark Office, Mastercard explains that there is an increased interest in using virtual currencies f...


EC and European Union authorities push Airbnb to comply — EU consumer rules

Airbnb's terms of services should be brought into conformity with European consumer law. Airbnb has been told to show the full price of rental properties upfr...


U.S. Commerce launches national security probe into uranium imports

The Commerce Department has started an investigation into the impact of uranium imports on US national security, a move that could result in tariffs and add ano...


Ford recalls over 500K Fusion and Escape vehicles

The automaker says some 2013-16 Ford Fusions and 2013-14 Ford Escapes could roll away because the bushing that attaches the shifter cable to the transmission ma...


Oil prices up as strong demand offsets rising inventory

U.S. West Texas Intermediate crude (WTI) settled up 2 cents at $68.08 a barrel. "With the growth in shale oil production in the Permian basin in West Texas, w...


Bitcoin rises as biggest asset manager studies crypto technology

The cryptocurrency market added $10-$12 billion to its market capitalization Monday morning after a report hit the wires that the world's largest asset manager,...


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