Interest rates held by Bank of England

Interest rates had been widely expected to rise in May throughout most of spring, however, a deterioration in economic data, bigger-than-expected-fall in inflation, and worries over the health of the High Street and British consumer put paid to that.... More..

by | Published 26 days ago
Trump jabbed first, and now world hits back in trade fight
by | Friday, June 22, 2018

Trump jabbed first, and now world hits back in trade fight

The release of the paper comes a day after President Donald Trump touched off a new phase of market turmoil by threatening expanded tariffs on Chinese imports. The US is being unpredictable and challenging, C...More..

Intel CEO Brian Krzanich quits over relationship with employee
by | Friday, June 22, 2018

Intel CEO Brian Krzanich quits over relationship with employee

Intel was informed recently of the relationship, and an investigation by internal and external counsel confirmed its existence. Intel's chief financial officer, Robert Swan , will be the interim chief exe...More..

French, German Leaders Urge 'European Response' To Migrant Crisis
by | Thursday, June 21, 2018

French, German Leaders Urge 'European Response' To Migrant Crisis

Interior Minister Horst Seehofer is calling for Germany to turn back at its border migrants previously registered as asylum-seekers in other European countries. Seehofer is chairman of the CSU. " We don't w...More..

Global stocks rise, unfazed by US-China tensions
by | Thursday, June 21, 2018

Global stocks rise, unfazed by US-China tensions

Gregory Daco, the chief United States economist at Oxford Economics, estimated that Trump's newest tariff threat, on $200 billion of Chinese goods, would shave 0.3 to 0.4 percentage points off gross domestic ...More..

Audi chief executive is arrested
by | Thursday, June 21, 2018

Audi chief executive is arrested

Stadler is the most senior company official so far to be taken into custody over the emissions test cheating scandal. Rupert Stadler was detained because investigators anxious that he might seek to suppre...More..

Oil prices drop as Iran signals support for OPEC output rise
by | Thursday, June 21, 2018

Oil prices drop as Iran signals support for OPEC output rise

Other OPEC-members, including Iran, are against such a move, fearing a sharp slump in prices. Ecuador said OPEC and its allies could agree to a compromise increase in output of around 0.5-0.6 million bpd. Sou...More..

Telstra wholesale mobile customers hit by vendor platform issue
by | Thursday, June 21, 2018

Telstra wholesale mobile customers hit by vendor platform issue

TELSTRA customers are facing yet another mobile phone outage amid reports the company's 3G and 4G networks are struggling to connect users in nearly all Australian capitals. "During this time some Telstra Whole...More..

by | Thursday, June 21, 2018

European Union to impose duties on USA imports Friday after Trump tariffs

The EU countermeasures cover a total of around 200 categories of US products also including various types of corn, rice, orange juice, cigarettes, cigars, t-shirts, cosmetics, boats and steel. Announcing the Eu...More..

Starbucks says it will close 150 poorly performing stores next year
by | Wednesday, June 20, 2018

Starbucks says it will close 150 poorly performing stores next year

Starbucks said it expects same-store sales to grow 1% in its third fiscal quarter of 2017. Chief financial officer Scott Maw said the company is piling another $5 billion onto its already planned $20 billio...More..

by | Wednesday, June 20, 2018

Trump promises Apple he won’t put tariff on iPhones

The president said any further retaliation by China to this round would increase the roster of goods by another $200 billion. In a forcefully worded statement , it said Beijing is ready to "defend the inte...More..

Disney Ups Its Bid For Fox To $71.3 Billion
by | Wednesday, June 20, 2018

Disney Ups Its Bid For Fox To $71.3 Billion

The move values Fox at $38 a share, some $10 higher than Disney's first offer in December. Last week, the proposed acquisition of 21st Century Fox by The Walt Disney Company undoubtedly took its biggest hit...More..

by | Wednesday, June 20, 2018

Chief economic adviser Arvind Subramanian to return to US: Arun Jaitley

He informed me that he would like to go back to the United States on account of pressing family commitments. Subramanian will return to the United States, the finance minister added. Chief economic adviser Arvi...More..

Bithumb Hacked Second Time in a Year. Hackers Steal $31 Million
by | Wednesday, June 20, 2018

Bithumb Hacked Second Time in a Year. Hackers Steal $31 Million

The exchange, the sixth busiest in the world according to Coinmarketcap.com, said it has stored "all of clients assets in safe cold wallet", which operates on platforms not directly connected to the internet. B...More..

by | Wednesday, June 20, 2018

Telstra announces it will axe 8000 employees and contractors in company restructure

Of the jobs to go, one in four will be executive and middle management roles. Watch the full story above. In the future our workforce will be a smaller, knowledge-based one with a structure and a way of worki...More..

Telstra to axe 8000 jobs in company restructure
by | Wednesday, June 20, 2018

Telstra to axe 8000 jobs in company restructure

Telstra will cut 8,000 jobs to "simplify its operations and product set" as part of a $1billion cost-cutting plan. It is understood that one in four executive and middle management roles will be slashed. Rati...More..

Rats chew up Rs 12 lakh worth currency notes in ATM!
by | Wednesday, June 20, 2018

Rats chew up Rs 12 lakh worth currency notes in ATM!

Behind the closed doors, a mischief of rats was breeding in the booth. Prakash Sonowal, Tinsukia's additional superintendent of police, said the bank said in its complaint that the ATM was not functional for ...More..

Microsoft, Once Proud to Support ICE, Is Now ‘Dismayed’ by Child Separation
by | Wednesday, June 20, 2018

Microsoft, Once Proud to Support ICE, Is Now ‘Dismayed’ by Child Separation

Immigration and Customs Enforcement (ICE), Microsoft has said it is "dismayed by the forcible separation of children from their families at the border". More than 100 employees signed on to an open letter to...More..

Merkel accepts CSU offer to delay ban on migrants: DPA
by | Wednesday, June 20, 2018

Merkel accepts CSU offer to delay ban on migrants: DPA

She said Monday she supports 62 of his 63 points. A top CSU official, Markus Soeder, insisted: "For us it is clear there will be automatism" and added that the results of the European Union summit would be ...More..

U.S. stock markets fall sharply amid fears of global trade war
by | Wednesday, June 20, 2018

U.S. stock markets fall sharply amid fears of global trade war

President Donald Trump's new tariff hike, raising the possibility Beijing might target operations of American companies. Trump is gambling that Beijing has the most to lose. The United States has in...More..

by | Tuesday, June 19, 2018

Market Sentiment Suffers as US-China Trade War Concerns Escalate

The ministry also responded to Trump's threat that a third set of tariffs, again totaling $200 billion wroth of Chinese imports to the United States , would move forward if China hits back at the first set. ...More..

Elon Musk launches investigation into sabotage at Tesla
by | Tuesday, June 19, 2018

Elon Musk launches investigation into sabotage at Tesla

The email ends with an urge to employees to be vigilant as the company proceeds with ramping up Model 3 production to 5,000 cars weekly, as "This is when outside forces have the strongest motivation to stop u...More..

China slams US 'blackmailing' as Trump issues new trade threat
by | Tuesday, June 19, 2018

China slams US 'blackmailing' as Trump issues new trade threat

If the United States goes ahead with the new $200 billion tariffs, they are more likely to be directly felt by individuals than the previous round. Trump moved forward with measures after months of someti...More..

Actress Posts Video of Hubby's Tesla on Fire 'Out of the Blue'
by | Tuesday, June 19, 2018

Actress Posts Video of Hubby's Tesla on Fire 'Out of the Blue'

The video shows flames shooting rapidly out of the driver's side of the vehicle below the driver's seat. The destroyed Model S was being driven by British TV director Michael Morris on Santa Monica Blvd w...More..

by | Tuesday, June 19, 2018

Amazon launches Prime express delivery service in Australia

The Amazon Prime launch in Australia doesn't quite offer as many perks as it does in the USA, and as a result the price for joining is also less. A Prime membership will also give users access to Amazon's "Pr...More..

Trump taps Kathy Kraninger to take over consumer protection bureau
by | Tuesday, June 19, 2018

Trump taps Kathy Kraninger to take over consumer protection bureau

Kraninger is an associate from the Office of Management and Budget and has held staff positions with both the House and Senate appropriations committees. Homeland Security Director Michael Chertoff during a new...More..

Bakhshi is ICICI Bank COO; Kochhar stays, goes on leave
by | Tuesday, June 19, 2018

Bakhshi is ICICI Bank COO; Kochhar stays, goes on leave

During Kochhar's period of leave, Bakhshi will report to the Board. He will be responsible for handling all the businesses and corporate centre functions at the bank. It was alleged that a company related to V...More..

Trump Complains Democrats Won't Pay Ransom For Immigrant Kids He Took Hostage
by | Tuesday, June 19, 2018

Trump Complains Democrats Won't Pay Ransom For Immigrant Kids He Took Hostage

About 2 000 children have been separated from their parents or guardians over six weeks, according to U.S. authorities, since the Trump administration announced that all migrants illegally crossing the Mexica...More..

China says will 'fight back firmly' if USA publishes additional tariffs list
by | Tuesday, June 19, 2018

China says will 'fight back firmly' if USA publishes additional tariffs list

Two decades ago, China's economy was largely fuelled by exports, but it has made progress in rebalancing towards domestic investment and consumption since the global financial crisis erupted last decade - limit...More..

President Trump Urges New Tariffs On $200 Billion In China Trade
by | Tuesday, June 19, 2018

President Trump Urges New Tariffs On $200 Billion In China Trade

President TrumpDonald John TrumpEx-ethics chief calls on Trump to end "monstrous" migrant policies Laura Bush blasts Trump migrant policy as "cruel" and "immoral" USA denies report of coalition airstrike on...More..

Google invests $550m in Chinese e-commerce giant JD.com
by | Monday, June 18, 2018

Google invests $550m in Chinese e-commerce giant JD.com

JD will start selling products on Google Shopping, helping it reach consumers in the US and Europe as it seeks to diversify beyond China's highly competitive e-commerce market. Google is increasing its investme...More..

by | Monday, June 18, 2018

Clydesdale and Yorkshire banks owner CYBG snaps up Virgin Money

Clydesdale's chief executive David Duffy, who will lead the merged business, said the deal aimed at capitalising on Virgin's highly-rated brand in an environment in which banking is being transformed by the shi...More..

Audi boss Rupert Stadler arrested in dieselgate investigation
by | Monday, June 18, 2018

Audi boss Rupert Stadler arrested in dieselgate investigation

However both US and German authorities have arreested several engineers including Porsche engine and development chief Wolfgang Hatz. Auto industry expert Ferdinand Dudenhoeffer of the vehicle research cent...More..

by | Monday, June 18, 2018

Audi CEO arrested - Volkswagen

Last week, prosecutors raided Stadler's residence in Munich as part of the investigation. Audi confirmed the arrest to AFP, declining to give further details. The probe, however, focuses only on cars sold i...More..

Japan suspends sale of Canadian wheat over discovery of Monsanto-made GMO
by | Monday, June 18, 2018

Japan suspends sale of Canadian wheat over discovery of Monsanto-made GMO

While other crops such as corn and soybeans have been widely genetically modified to improve yield or withstand threats, GMO wheat has not been approved anywhere for commercial production because of consumers' ...More..