Money

FCA will resurrect a Detroit factory to build three-row Jeeps, reports say

The facility, known as the Mack Avenue Engine II plant, was opened in 2000 to manufacture engines for Jeeps and trucks, then idled in 2012 as Chrysler replaced ...


Tobacco company Altria Group to invest $2.4B in Canadian cannabis producer

The first Canadian cannabis grower to list its shares on a USA stock market, Cronos said it plans to spend the money on product innovation, noting Altria's ex...


Plane Slides into End of Runway Arrestor System at Hollywood Burbank Airport

A Southwest Airlines Co. jet rolled off the end of a California runway as it landed in the rain, skidding to a stop on a crushable concrete surface created to...


Encryption bill becomes law after Labor backdown

The benignly named Assistance and Access Bill of 2018 amends various existing legislation to "establish frameworks for voluntary and mandatory industry assis...


Aston Martin to electrify its classic cars

But if, say, tomorrow we completely run out of crude oil and there is no gasoline left for anyone ever again, these classic Aston Martins will still be able t...


Fiat Panda scores a shocking 0 star safety rating in crash test

Unlike Global NCAP that tests cars that are made in India too, the Euro NCAP tests have far more parameters. Child occupant safety was a tad better at 69 perc...


Donald Trump pays tribute to George HWBush

Film Subject President George H.W. Bush celebrates his 88th birthday following the HBO Documentary special screening of "41" on June 12, 2012 in Kennebunkport, ...


China promises prompt action on US trade pact

China and the USA have highly overlapping interests in economic and trade issues and share complementarity in structural demands, MOC spokesman Gao Feng told a ...


China-US Ceasefire Paves Way For New LNG Projects

Washington and Beijing said they will try to achieve a permanent deal within the next 90 days, however the US still has significant leverage, stating that if a ...


China trade truce gives global stocks and oil a big lift

Adding to worries over the outlook for the global economy, the yield curve between United States three-year and five-year notes, and between two-year and five-y...


VW's final generation of petrol engines will come in 2026

As Volkswagen's chief strategist, Michael Jost, explained "We're gradually fading out combustion engines to the absolute minimum". The electric push will enco...


Cheesecake Factory giveaway draws crowds, leading to clogged roads and fistfights

Just enter "FREESLICE" at checkout. "This means you don't have to order anything and can still get your slice of cheesecake for free". The popularity of the p...


Burger King offers penny Whoppers at McDonald's

All you have to do is drive near a McDonald's and use the Burger King app. Flashback: Burger King launched a separate promotion last week where its Twit...


World stocks slip on doubts over trade truce, worries of slowing growth

Morgan Asset Management told clients. United States light crude was last up 30 cents at $53.25. Simply, the yield curve tends to invert before economic down...


Trudeau says government had no involvement in arrest of top Huawei executive

Sources told Reuters in April that USA authorities have been investigating Huawei, the world's largest telecoms equipment maker, since at least 2016 for alleg...


Huawei founder's daughter arrested for violating US sanctions on Iran

Canadian Justice Department spokesman Ian McLeod said the U.S.is seeking Meng's extradition, but couldn't provide further details about the case because a pu...


Speaker Ryan Announces When George Bush Will Lie in State

Trump declared December 5 as a National Day of Mourning after Bush died on Friday evening at the age of 94 . "Air Force One will be taking myself and a group...


Oil stages U-turn, rises after Russian Federation leans toward output cut

To rein in the glut, OPEC and its main partner Russian Federation are discussing supply cuts and are due to meet in Vienna on December 6 and 7 to agree produc...


Saudi Arabia works on convincing Russian Federation to join oil cuts

Members have hinted they plan to cut output by 1.3 million barrels a day, which President Trump fears would cause fuel prices to rise. Traders said oil pric...


Canada Arrests Huawei CFO at Request of U.S. Authorities

We'll update you as this story continues. According to an official statement from a Canadian Justice Department spokesperson, the US government is seeking to ...


These are the 10 best places to work in 2019

According to a report in the Wall Street Journal last month citing an internal survey at Facebook , just over half of Facebook employees (52 per cent) said t...


Monetary policy review: RBI keeps repo rate unchanged at 6.5%

In its October policy, the monetary policy committee had pegged inflation at 4% for the second quarter of FY19 , 3.9-4.5% for the second half of the fiscal and...


Trump mocks Macron, blames French riots on Paris climate accord

The price increases for the utilities will be suspended for six months, said Prime Minister Edouard Philippe , but leaders of the demonstrations in which hundr...


Stocks drop as falling United States yields, trade worries hit mood

Meanwhile, the flattening U.S. yield curve weighed on investors' minds. A typical yield curve includes much higher interest rates for maturities further into ...


Dow plunges almost 800 pts: Aus share to drop at open

Investors were focused on U.S. Treasury yields, where the benchmark 10-year yield fell to its lowest point since mid-September. Interested in Stock Market? ...


China, U.S. agree to temporary truce on new auto tariffs

Trump tweeted late Sunday that "China has agreed to reduce and remove tariffs on cars coming into China from the U.S. now the tariff is 40%". But Mnuchin ...


Sydney house prices down 9.5 percent from peak

The city's largest downturn on record was in the recession between 1989 and 1991 and Lawless says it is likely that Sydney will "set a new record in terms of ...


More than 12 million pounds of ground beef being recalled

The products were packaged between late July and September. Consumers should discard or return any recalled beef. The USDA says 250 people have been sickene...


Donald Trump Warns China: 'I Am a Tariff Man'

Trump warned that although he and Xi want to get to an agreement "remember, I am a Tariff Man ". But it raised its tariff on US cars to 40 percent earlier this...


The manufacturing sector helps lift SA out of a recession

This comes after SA plunged into recession in the first half of 2018 for the first time since the global financial crisis with two consecutive quarters of con...