Money

Google agrees to pay $327 million to Australian tax office

Microsoft , Apple and Facebook have all publicly stated they have settled their tax affairs with the ATO. Under the MAAL, companies operating with an annual...


BMW and Daimler quit carsharing service in US, Canada

Share Now , the company formerly known as Car2go, will stop operating in North America in late February. One of the world's, largest auto sharing services has...


Ford to Add 3000 Jobs at Michigan Plants, Invest $1.45 Billion

The U.S. vehicle manufacturer said in a press release that it will hire 2,700 new workers and invest $750 million in the Michigan Assembly Plant in Wayne, a D...


Australia fines Volkswagen USD 86 mn over 'dieselgate'

Worldwide 11 million vehicles were believed to be fitted with the so-called "defeat device" software, including 57,000 exported to Australia between 2011 and 20...


Facebook Acquires Cloud Video Gaming Company PlayGiga

Having already launched in select South American, Mediterranean, and Middle Eastern countries, PlayGiga is now part of Facebook in a deal understood to be w...


Nancy Pelosi Issues Invitation To Trump For State Of The Union Address

Pelosi said Wednesday night that House Democrats will make the decision "as a group" on when to send the articles to the Senate. Because the House is refusing...


Uber is undergoing a new legal setback in Germany

So the court ban essentially outlaws Uber's current model in the country - unless it's able to make changes to come into compliance. In May 2017, Germany's hi...


Euro zone bond yields jump as Sweden ditches negative interest rates

Wednesday night's vote in the Democratic-controlled House of Representatives to impeach Trump on charges of abuse of power and obstruction of Congress did not a...


Carnival Cruise ships collide in Mexico; at least 1 person injured

Officials say that Carnival Cruise Line is evaluating the damage to both of its ships after the crash. Two Carnival Cruise Line ships collided at port in ...


Facebook says investigating data exposure of 267 million users

Cybersecurity expert J. Eduardo Campos said this month's leak doesn't appear to be as bad as Cambridge Analytica, but that final judgement should be reserved fo...


Tesla Cybertruck may be a no-go in Europe due to safety concerns

Shares of Tesla have surged 41 percent to record highs this year, and this week the Silicon Valley company briefly became the largest US auto maker by market ca...


$5 bln flows out of Hong Kong amid unrest - Bank of England

Other job-related names include BoE deputy governor Minouche Shafik Shriti Vadera, president of Santander UK, and former Federal Reserve policy chief Kevin Wars...


Industry Balks at Trump Rule to Let States Import Drugs from Canada

Under the first, US states would be allowed to propose importation programs for drugs already authorised in Canada, subject to approval by the US Food and Drug ...


Jaguar Land Rover buys performance 4x4 firm Bowler

Going through the ads listed on the Bowler's website, the current lineup includes Defender projects such as the Bulldog pickup truck with a supercharged V8 ...


Statistics Canada says annual pace of inflation climbs to 2.2 per cent

The Statistics and Census Bureau (DSEC) indicated that the rise in the average overall Consumer Price Index (CPI) was mainly due to education (+ 5.72 per cent) ...


Thousands of Northern Ireland nurses strike over pay and resourcing

About 6,500 other nurses who are in the Unison union also joined pickets in the cold weather, buffeted by wind and rain. Royal College of Nursing (RCN) memb...


Tata vs Mistry: NCLAT restores Cyrus Mistry as chairman of Tata Sons

Mistry, who was the sixth chairman of Tata Sons, was ousted from the position in October 2016. In a message to the employees of the group, Chandrasekaran said...


Fiat-Chrysler, Peugeot Agree to $50-Billion Merger Deal

A source close to FCA had said earlier the two companies could formally announce the agreement early on Wednesday, followed by a conference call to explain fu...


ADVERTISEMENT Pound erases election gains amid no-deal Brexit concern

Andy Scott, associate director at financial risk advisor JCRA, said: "Sterling was slammed into reverse this morning, sliding around 1% versus both the United S...


Amazon blocks sellers from using FedEx ground shipping

Amazon had already ceased using FedEx for its own United States deliveries prior to the decision, and according to Morgan Stanley, the company already ships clo...


Suit claims Apple, Microsoft profit from child cobalt miners

The tech giants were accused in a lawsuit brought against them by International Rights Advocates. They are also asking the judge to order the tech companies t...


Swiggy's parent firm reports Rs 2,363 crore loss in FY19

Even in terms of numbers of orders, Uber Eats is not even close to industry-leaders. "Right now, we are more focused on delivery with the restaurant partner...


Whirlpool to issue washing machine recall following intervention by regulator

The affected machines were on sale for more than five years, with up to 519,000 washing machines believed to be affected, about 20% of the total number sold, ...


Wall Street hovers near record levels; Boeing drags on Dow

S&P 500 futures rose 0.1% to 3,200.40. The benchmark is on a four-day winning streak. The NASDAQ Composite let go of 2.5 points to 8,603.50. While market b...


QuadrigaCX founder Gerald Cotten dead? Customers want to know

Cotten died on December 12, 2018 of complications due to Crohn's disease in Jaipur, India, according to an affidavit from his widow, Jennifer Robertson and a ...


China Could Retaliate Against German Automakers If Government Bans Huawei 5G

China's Ambassador to Germany Wu Ken has warned Berlin of retaliation if Huawei is excluded from the German market as a supplier of superfast 5G equipment, B...


U.S. will double exports to China under 'phase one' deal: Lighthizer

China has suspended the planned additional tariffs on some United States goods that were meant to be implemented on Dec 15, the State Council's customs tarif...


Asian shares up as 'phase one' trade deal boosts confidence

The "phase one" agreement suspended a threatened round of USA tariffs on a $160 billion list of Chinese imports that was scheduled to take effect on Sunday. The...


Alleged Bank Robber Busted After Bragging About $88,000 Heist Online

As if that poorly-led paper trail wasn't enough to get him caught, Henderson went ahead and made things worse by flexing the alleged stolen cash on social media...


US December PMI Data Prints Near Expectations

U.S. manufacturing PMI has been lowering since late 2018 as signs of a global slowdown first began to show in the manufacturing sector, but recently, markets ...