Finance

Lyft is suing over New York's minimum pay for drivers law

New York City passed the nation's first minimum wage for ride-sharing drivers in December, guaranteeing a minimum wage of at least $17.22 per hour after expense...


GM Will Begin Massive Layoffs. Here's How Many Jobs Are Being Axed

Catharines Propulsion Plant - would be impacted. About 4,000 General Motors workers are about to lose their jobs. The job reductions, part of GM's previous...


Range Rover SV Coupe production canned

Sheeran added: "We are fortunate that many of our Land Rover staff have been with us for a long time and they have really enjoyed getting involved with the Jag...


BP backs shareholder initiative on climate plan disclosure | AP business

They include Hermes EOS, Aviva Investors and Legal and General Investment Management. If the resolution is approved at the meeting, it will be up to BP to pro...


UAE firm says it bought 3 tons of Venezuela gold

According to the official, the sale of the nation's gold began with the shipment of 3 tons on January 26, following the export previous year of $900 million in ...


RCom to go for insolvency as it fails to repay debt

And the NCLT had also appointed Interim Resolution Professionals (IRPs) to initiate corporate Insolvency Resolution Process in the same month. In a statemen...


ScS no longer in the running to acquire Sofa.com

British sofa and carpet retailer ScS Group said on Friday it was no longer in talks for a potential deal to buy Sofa.com Ltd, days after it confirmed the talk...


US Economy Adds More Than 300000 Jobs During Shutdown

Don't see the graphic above? Economists surveyed by The Wall Street Journal and the Dow Jones both had expected an increase of 170,000. And hiring in Decemb...


Amazon scores stellar Q4, fueled by 45% cloud-biz growth

Amazon increased the price of Prime a year ago, and free two-day shipping has become a common offering from other retailers. It was the second quarter in a row...


Nissan to cancel X-Trail production plans in latest vehicle industry setback

Steve Turner, Unite's assistant general secretary for manufacturing, said: "It is beyond disappointing that our members are hearing about their futures and the ...


BP to explain how business chimes with Paris climate deal

The UK oil and gas company supported a resolution, put forward by a group of shareholders including the investment arms of HSBC , Legal & General and the C of ...


New BMW 7 Series plug in hybrid models revealed

BMW presents a particularly contemporary and technologically advanced form of automotive luxury. Maximum speed, meanwhile, is electronically limited to 250 km/...


TSA agent falls to his death at Orlando airport

The man, who was in his 40s, was found in critical condition and was transported to hospital where he was pronounced dead. "We can confirm the deceased indivi...


Shell's 2018 profits soar to four-year high

Oil prices soared as high as US$90 dollars approaching the final quarter of a year ago, compared with around US$50 per barrel in 2017 and US$60 now. The perf...


Chinese Factory Activity Contracts For Second Straight Month - PMI

January's reading was also weaker than the 49.5 that analysts polled by Reuters expected, and the 49.7 reported in December. The PMI is usually an advance ind...


No 10 hits out at EU's claim Gibraltar is a British colony

In particular, it stated: " Gibraltar is a colony of the British Crown". Gibraltar, home to 33,000 people, was ceded to Britain by Spain in 1713, in perpetui...


Innogy's npower to cut 900 British jobs in 'incredibly tough' market

The firm says worsened market conditions, such as Ofgem's price cap and high levels of fixed tariff competition, have forced it to make the decision. "But as ...


Unilever records poor sales in fourth-quarter

Jope discussed accelerating future sales growth he said I am, "Looking forward, accelerating growth will be our number one priority". Argentina is even exclud...


EU irks Britain by calling Gibraltar a ‘colony’

Theresa May's government are attempting to negotiate changes to the Irish backstop - a key component of the UK's Brexit deal, which is proving to be a stumbl...


Brexit: UK vehicle production falls and investment halved

The Society of Motor Manufacturers and Traders (SMMT ) has put the United Kingdom auto industry on "red alert" after investment in the sector nearly halved in ...


Tesla Celebrates Back-to-Back Profit for the First Time

Profits reached £252.8million, only the second consecutive quarter in which Tesla has found itself in the black. The earlier profit marked the first quarter s...


Biggest North Sea gas find in a decade off Scottish coast

Total owns a 25% stake in the Glengorm field. The Glengorm find, off the east coast of Aberdeen, is the largest North Sea gas discovery since 2008 when Total...


United States jobs surge leaves door open to rate rise this year

While the Congressional Budget Office estimated that the partial government shutdown cost the USA gross domestic product $ 11 billion ($8 billion of which is e...


Recall of infant ibuprofen sold at CVS, Walmart expands

The concern is that the concentration of Ibuprofen in some of the production lots is too high - as much as ten percent above the specified limit. A major drug...


Centre firm on FDI rules deadline

During its earnings call for the fourth quarter of 2018, the US-based online retailer remained tight-lipped on its India strategy in light of the February 1 dea...


Amazon Posts Big Q4 Earnings Beat, Weak Q1 Sales Guidance (NASDAQ:AMZN)

Net sales in North America, its biggest market, jumped 18.3 percent to $44.12 billion in the reported quarter. Amazon had jumped back above Microsoft Corp.,...


Italian economy slips into recession amid spat with European Union over budget plans

Italy's economy fell into recession in the final three months of 2018, in a blow to the country's governing radical centre-right coalition, which pledged to bo...


Facebook ropes in new privacy policy manager for WhatsApp

According to eMarketer, Facebook's share of the global digital ad market will be 20.5 per cent of an overall $327.28 billion spent in 2019. Net profit for Fac...


Apple worker charged with stealing self-driving-car secrets for China

When Apple's Global Product Security team searched the employee's computer, they found "thousands" of sensitive Apple files, such as schematics, manuals, pictur...


Bitter cold, natural gas shortages, shutter US auto plants

Automakers usually can make up for lost production days by increasing assembly line speeds, but if the plants are closed or limited for a long time, that gets h...


Chinese trade deal 'unacceptable' unless Beijing opens markets

Trump was scheduled to meet with Chinese Vice-Premier Liu He at the White House as talks conclude on Thursday. US President Donald Trump warned today that...


Iran Reportedly Negotiates Use Of Cryptocurrency In Transactions With 8 Countries

But can Tehran succeed where Venezuela's Petro has failed? Tomorrow, January 29, the annual conference "Electronic banking and payment systems" will be held i...


Australian PM promises 1.2 million jobs by 2024

But voter satisfaction levels with Mr Morrison fell by two points to 40 per cent, while Mr Shorten's satisfaction rating improved slightly. "It's jobs, it's alw...


Alibaba revenue up 41% in Q3 of 2019 fiscal year

The growth deceleration of China's economy doesn't matter that much, according to Joe Tsai, Alibaba's co-founder and executive vice chairman. Net income rose ...


Volkswagen brings back the dune buggy as an EV

Back when they were produced in that era that was underpinned by the chassis of the Beetle but now the vehicles use the modular electric drive matrix ( MEB) pla...


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