Money

India urges Opec to tackle high oil prices

Saudi Arabia urges OPEC to help consumers by boosting oil supply as opposition from arch-rival Iran shows signs of wavering. Ultimately, if we turn aroun...


Audi CEO arrested in diesel emissions probe

The executive was arrested at his home in Ingolstadt. Munich prosecutors said Rupert Stadler was being detained due to fears he might hinder an ongoing...


Second round of US tariffs 'could cut China's growth'

The growing trade conflict hit financial markets hard, with Beijing accusing the United States of "extreme pressure and blackmailing" and vowing to retaliate....


European Union hits back at Trump with retaliatory trade tariffs

The European Union will slap USA products with a series of retaliatory tariffs from Friday, it confirmed this morning. "We did not want to be in this positi...


Crypto Exchange Bithumb Halts Withdrawals Amid $31 Million Hack

Whether this was somehow linked to the hack is unknown. The exchange stated the amounts will be refunded, and it has removed all other assets to cold wallet...


Starbucks to close 150 stores amid slowing sales

Starbucks Corp. said it will close more coffee shops in the increasingly crowded US market where it was a pioneer. Starbucks said it now expects earnings in ...


Trump promises Apple he won’t put tariff on iPhones

Speaking to a gathering of small-business owners in Washington, the President painted a picture of how he believes Canadian protectionism has turned its citiz...


Microsoft Slammed For ICE Contract, Amid Child Separations

The public outcry over the Trump administration's policy of separating children from their parents at the U.S. border is spilling over to Microsoft, which has...


Chanda Kochhar to go on leave till completion of enquiry: ICICI Bank

At the same time NS Kannan, ED, ICICI Bank and a former ED at ICICI Pru Life, returned to the life insurer as CEO. Investors and commentators like me have b...


Trump prepares to slam China with US$200 billion in new tariffs

Initially, 545 U.S. products valued at $34 billion will be targeted by China, mimicking the Trump administration's tariff rollout. "We urge the administrati...


China slams USA trade threats as 'blackmail', warns of countermeasures

Following Trump's announcement, China rolled out retaliatory tariffs on $US50 billion worth of USA goods and promised to stand firm against the US's actions. ...


USA and China Officially in a Trade War over "Unfair Trade Practices"

Indeed, the numbers appear identical. China's government has said it will retaliate against US President Donald Trump's tariff hike by immediately impos...


Difficult Merkel allies mull next move in German migrant row

Merkel is locked in a standoff with her interior minister, Horst Seehofer , over his demand for some asylum-seekers to be turned back at the border. The CSU is...


Google invests $550 million in JD.com strategic partnership with overseas focus

With some significant assistance from Google, there is opportunity for JD's expansion into European and United States markets. But the deal will also allow Goog...


Audi boss Rupert Stadler arrested in dieselgate investigation

Standler's home was raided last week where Munich prosecutors based the arrest warrant on concealment of evidence. The Dieselgate scandal dates back to 2015...


Audi CEO Rupert Stadler Arrested Over Diesel Emissions Scandal

In spite of continuous denials and public backing from the Volkswagen Group, Stadler has seemed like a man waving a crude torch in the dark, trying to fend off ...


Trump admin. approves $50 billion tariffs on China

Most of all, the U.S. tariffs are a response to China's attempts to supplant USA technological dominance, including outright theft of trade secrets and its requ...


Audi chief exec arrested over Dieselgate auto emissions scandal

Audi CEO Rupert Stadler has been detained by German authorities in connection with the probe into manipulation of diesel emissions controls in cars sold in E...


Seth Meyers, Trevor Noah unpack 'infuriating' details in James Comey report

Though IG Michael Horowitz refrained from calling Comey's handling of the Hillary Clinton private email investigation politically biased, the watchdog nonethe...


McDonald's Will Ditch Plastic Straws Later This Year

The move coincides with the UK's proposal to ban single-use plastic straws and similar products, the first country to propose such a widespread ban. The fast-...


Surprise rise in U.S. oil inventories pushes crude prices down

Their combined strength should also give them a say over matters such as oil exports from Iran after the United States pullout from the Iran nuclear deal. U...


SEC official: Ether is not a security

When we think about how ether today is operating, at least, we see a highly decentralized network... When a project becomes truly decentralized Hinman believe...


Stocks rise as economy strengthens, central banks step back

If banks have more $$, they can lower interest rates (because they're already getting enough from the bond sales). "The ECB's announcement that it will ...


Theranos founder Elizabeth Holmes charged with fraud

According to the indictment , Holmes and Balwani "not only defrauded investors, but also consumers who trusted and relied upon their allegedly-revolutionary bl...


1 deputy shot dead, another critically injured when inmate overpowered them

A juvenile was also shot, Birch said, and taken to a hospital. Blair added to the Star that police were not looking for any other suspects and that the incide...


Oil prices dip on rising supplies from U.S., Russia

The country is exporting a lot more oil than it did before. While the main goal of the supply deal was to reduce oil stocks to the five-year average, minister...


Republicans in Congress see warning in Mark Sanford's primary loss

In the Second Congressional District, incumbent Republican Rep. Scott Taylor will face the victor of the Democratic primary between former U.S. Navy command...


Average worker can't afford 2-bedroom apartment anywhere in U.S., report says

New to this year's report is a breakdown of costs by ZIP code. The report goes in depth, looking at how much a minimum wage worker must work to afford housi...


Record bitcoin price propped up by another digital currency

Since exchanges often face difficulties finding the banking partners and achieving the regulatory compliance necessary to offer fiat-to-crypto trading pairs, ma...


Chicago Picks Musk's Boring Co. for O'Hare Express Service

Electric pods called skates will run on rails under the city, each capable of carrying between 8 and 16 passengers at up to 150 miles per hour (240 km/h). That ...