Finance

Foxtons slides to £2.5m loss on slowing London market

The lettings business reportedly continued to demonstrate resilience, with revenue of £31.7m down 1% compared to the same period previous year, and with apparen...


RBI increases repo rate by 25 bps to 6.50%

The Reserve Bank of India's ( RBI's ) Monetary Policy Committee (MPC ), headed by governor Urjit Patel , hiked the policy repo rate by 25 basis points (bps) t...


RBI hikes lending rate, loans likely to become dearer

Following this move, the home loans, auto loans and EMIs are expected to become costlier as whenever RBI hikes the repo rate , the banks usually pass the i...


Coles backflip on plastic bag ban

Australian supermarket chain Coles has hoisted a white flag in the face of angry shoppers aggrieved by having to bring their own bags or pay 15c for a "reusable...


Almonds shipped from Australia to Hamburg in landmark blockchain experiment

At the end of 2016, CBA , alongside Wells Fargo and Brighann Cotton, claimed the first interbank trade transaction combining blockchain technology, smart con...


BMW Announces Construction of $1.17 Billion Factory in Hungary

It will employ over 1000 people and produce BMW-badged models. This makes sense, given that Europe takes almost half of all BMW Group sales. The Hungarian p...


Oil on slide as sanctions threat recedes

U. Brent crude, the global benchmark, fell by 6.5 per cent in July and was 1 per cent lower in NY last night at $74.25 a barrel, still 11 per cent higher sinc...


US condemns Nicaragua violence, human rights abuses: statement

And more than 300 people, almost all of them civilians, have since died in clashes on the street. In an interview with CNN en Español broadcast on Monday, Ort...


Gay couple forced to give up plane seat to straight couple

Kennedy Airport to LAX to give preferential treatment to a straight couple". Cooley said he and his partner were already seated in the first class section whe...


Tata Motors Reports its Worst Quarterly Loss Since 2009

Tata Motors' total revenue from operations stood at Rs 67,081.29 crore in Q1, up 12.14 per cent from Rs 59,818.22 crore reported past year in the same fiscal. I...


MoviePass Is Raising Prices to $14.95, Limiting Blockbusters

MoviePass wasn't flawless, but ostensibly, they were trying to make the movie-going experience accessible to everyone, and were met with angry entitlement. "As...


Apple boosted by selling more expensive iPhones

Investors reacted enthusiastically, driving the stock up 5% in after-hours trading to $195.90 a share. In the year-ago quarter (Q3 2017), Apple earned $45.4 b...


Dixons Carphone data breach affected millions more than first thought

Dixons Carphone said an additional 1.2 million personal data records were hacked at the time. Alongside the 1.2m records containing personal data, the origi...


BP quarterly profits more than treble

Underlying replacement cost profit, the company's definition of net income, exceeded forecasts of $2.7 billion, according to a company-provided survey of analys...


Florida’s tax-free weekend to begin this Friday

Ohioans will be getting a short break when it comes to paying taxes on certain items. Each item of clothing must cost less than $75. Computers must be purch...


MoviePass stops selling tickets to major releases

The company recently introduced a change to how it works, adding Peak Pricing to help address the cost of big new releases. The outage comes days after the serv...


Thomas Cook to end trips to parks with captive killer whales

After decades of being kept in the dark about the many issues with SeaWorld , people are finally waking up and seeing this "park" for what it really is: a cru...


IBM bets big on blockchain app store

Based on distributed ledger technology, it will be used by banks, buy and sell side firms, fintechs and software vendors to test the proof of concept, with vend...


Durex recalls condoms over concerns they could burst

Condom maker Durex has recalled some of its products sold in the United Kingdom and Ireland over fears they could split. A statement on Durex's website said...


Uber to scrap self-driving truck programme to focus on cars

Ron and co-founders including Anthony Levandowski, started Otto in early 2016. Just last week the company announced it would resume testing its self-driving c...


More Ryanair cancellations loom as German pilots vote to strike

VC is demanding conditions for its pilots similar to those found at comparable airlines such as TUIfly. Management from Europe's biggest low-priced carrier me...


Petrol price hits another high with 1c/l increase from Wednesday

Diesel will cost 4c a litre less. The maximum retail price of liquid petroleum gas (LPGas) will increase by 17c/kg. That spike would have been 20c a litre mor...


Previously undisclosed ‘Quiet Skies’ TSA program tracks unsuspecting passengers

Under the Quiet Skies program, teams of undercover air marshals document a laundry list of behaviors , some of them seemingly innocuous, such as excessive fi...


How Harley-Davidson plans to revamp itself amid flagging sales

Harley Davidson motorcycles are displayed for sale at a showroom in London, Britain, June 22 2018. Launching in 2020 is the first Harley-Davidson® adventure ...


No, McDonald's Isn't Launching a Cryptocurrency, Despite What It Appears

According to a press release, the MacCoin, accepted in 57 countries, will be available in "five designs celebrating the five decades of the Big Mac" and it "wil...


Homeless man photographed handing out resumes lands job offers

David Casarez , a 26-year-old web developer, had been standing on the median of a highway in Mountain View, California , on Friday dressed in a suit and carryi...


Tesla Is Making Its Own, Limited Edition Carbon Fibre Surfboard

Attention Tesla and surfboard enthusiasts-some new branded merch from Tesla was just released over the weekend. The website says that the Tesla Design Studi...


United Kingdom betting group GVC holds joint venture talks with MGM Resorts

The firms said they were "excited" about the launch ahead of the forthcoming professional American football season. The new enterprise will cement the compani...


Senior China diplomat says does not welcome interference on Hong Kong

Mr Hunt is married to Lucia Guo and the couple have three children. That´s a bad mistake to make. Jeremy Hunt is on his first overseas visit as foreign se...


European Union will reportedly talk with Trump to reduce auto tariffs, GM rises

At that point, no level of government bailout will help. But it's important to note that his trade policies are hurting other industries in this same area, like...


Tech stocks lead a slide on Wall Street

The Toronto Stock Exchange's S&P/TSX composite index was up 1.26 points to 16,456.99, after 90 minutes of trading. The Russell 2000 index of smaller-company s...


Chipotle Mexican Grill (CMG) Gains Media Sentiment Rating of 0.05

We expect the company to remain on this growth trajectory given its increased focus on food safety. Therefore, investors need to be confident in the trend of th...


'First-time' kiss with Trump caught EU's Juncker by surprise

Trump also said the European Union had agreed to buy "a lot of soybeans" and increase its imports of liquefied natural gas from the U.S. And the two agreed to r...


Disney's purchase of 21st Century Fox assets approved by shareholders

The deal will likely see the integration of Fantastic Four and X-Men into the MCU as well as Disney receiving the rights to other franchises such as Avata...


Bird scooters launched in Culver City

Culver City has become the latest Southern California community to introduce shareable electric scooters. In its vote, the council pointed to safety risks and...


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