Money

IEA lowers its growth forecast in oil demand for 2018 2019

There is no peak in sight for demand either. Earlier this month, the IEA revealed that petrochemicals are becoming the largest drivers of global oil demand...


United Kingdom announces subsidy cuts for plug-in hybrids

Under the new system, only Category 1 vehicles, which emit fewer than 50g of Carbon dioxide per kilometre travelled and are capable of more than 70 miles on zer...


Chinese stocks tumble to multi-year lows after Wall St rout

A sell-off in Chinese and Hong Kong shares deepened Thursday, following a slump in USA equities and as concerns about a trade war persist. "People might thi...


The emotional support squirrel

A woman who boarded her Frontier flight with an emotional support squirrel (not this one) was escorted off the plane on Tuesday. According to the Cindy's ...


BMW's $4.2b China bid highlights value parked in local JVs

BMW will acquire a further 25 percent stake in the venture with Brilliance China Automotive for 3.6 billion euros ($4.2 billion), the company said , bringin...


Singapore Airlines launching world's longest flight

The flight from the Southeast Asian city-state to Newark Airport can be completed in 18 hours and 45 minutes with ideal weather conditions, but the pilots will ...


Mega Millions jackpot grows to $654 million

The cash option for Friday's jackpot would be a lump-sum amount estimated at $309 million before federal taxes. One person in Arkansas did win $3 million Frid...


Crude oil futures settle at $74.96

Supply data from the Energy Information Administration will be released Thursday. Brent hit a four-year high of $86.74 last week but slipped as low as $82.66 on...


Oil extends losses as markets fall, inventories climb

Brent crude fell $1.74 a barrel to a low of $81.35, its lowest since September 27, before recovering a little to trade around $81.70 by 0850 GMT. U.S. The re...


World’s longest commercial flight is coming back with gyms and bunks

For this flight, Airbus has changed the fuel system on a standard A350-900 and put in 13 percent more jet kerosene into the tanks of the wings. Ticket sal...


Parkour-loving Atlas robot can now run and jump over obstacles

The Oct. 11 video's description noted that Atlas' control software enabled the robot to use its whole body to create the needed power and momentum for jumping f...


Musk denies James Murdoch taking over as Tesla's Chairman

Securities and Exchange Commission September 27, 2018. Tesla made an SEC filing in 2013 that said Musk's tweets qualified as company disclosures. "For the...


Facebook States 30 Million People Affected by Last Month's "View As" Bug

Facebook originally disclosed the hack to the public two weeks ago saying 50 million accounts were compromised. Facebook says it will directly contact th...


Trump says Fed is 'out of control'

Some of his former advisers said they believed Trump's criticisms of the central bank were warranted. By historic standards, interest rates remain low. During...


IKEA to invest Rs 2,000 crore in its Bengaluru store

True to form, the new IKEA store will cover a whopping 500,000 square feet, with an 1,000 seater restaurant, 2,000 parking spaces, and over 7,500 products on ...


Trump says he has 'a lot more to do' on China trade

That prompted Mr Trump to threaten to extend the tariffs to nearly all China's $500 billion of exports. China's trade surplus with the U.S. grew 10 percent in...


UK PM Theresa May says Brexit deal is close - Financial Times reports

Blasting the proposed deal, she said: "Trade from Great Britain into Northern Ireland would be in danger of restriction". "It's very important to us that ...


China's September trade surplus with United States widens to record $34.13B

Economists warn that a protracted dispute will eventually stunt growth not just in the USA and China but across the broader global economy. President Trump ad...


Patisserie Valerie to stop trading without immediate cash injection

The company, which operates from over 200 stores across the United Kingdom, requested its shares be suspended from trading on AIM in London while it conducts an...


Theresa May verging closer to Brexit deal but is facing cabinet resignations

The UK and the European Union both want to avoid a "hard border" - physical checks or infrastructure between Northern Ireland and Ireland - but can not agree ho...


Lenovo tops worldwide PC market in flat quarter

Research firm Gartner's figures show that PC shipments grew YoY in the second quarter for the first time since Q1 2012. By IDC's metric, overall PC device...


Pakistan to seek largest loan package from IMF

The IMF expects the U.S. economy to grow 2.9 per cent this year, the fastest pace since 2005 and unchanged from the July forecast. Citing the impact of US tax...


Northern Irish party threatens to topple Theresa May's United Kingdom government

Barnier told small business leaders that the talks were "continuing intensively this week, day and night, with the aim. of having a deal within reach, if we f...


White House says economy 'incredibly strong' after stock-market dive

Trump told reporters while traveling to Erie, Pennsylvania, for a campaign rally. Technology and internet-based companies are known for their high profit marg...


United States to evaluate Pakistan's bailout request on merit

Citing the impact of USA taxes on Chinese imports, however, the International Monetary Fund shaved the outlook for China next year to 6.2 percent, which would b...


Dow Jones industrials sink 700 points as bond yields rise

Futures point to a 0.5% fall for the S&P 500 , a 0.5% decline for the Dow Jones Industrial Average and a 0.7% drop for Nasdaq. What will fall hardest? US...


US President Trump calls the US Fed 'crazy', stock declines a 'correction'

President Donald Trump said he believes "the Fed has gone crazy" amid recent interest rate hikes . He described the path of rate increases - most recently to ...


Dow Jones drops 832 points in third worst drop in history

Earnings season should improve investors' moods through the end of the year, he writes, with a cycle peak in 2020 and the next major low not due until 2020. Lux...


Trump takes aim at 'crazy' Fed as markets sink following U.S. slump

I think the Fed has gone insane", Trump told reporters as he arrived for a campaign rally ahead of the USA mid-term elections. U.S. President Donald Trump s...


The IMF again downgrades outlook for the global economy

In 2017, India had clocked a 6.7 per cent growth rate. The ongoing trade war between the USA and China could start having material effects on the economies of...