Business

Trade war could trigger sharp global slowdown

Trade war could trigger sharp global slowdown However it raised its forecast for next year by 0.2 percentage points, to 2.1 percent. In an effort to support growth, Beijing has, in recent weeks, loosened credit, rolled out more infrastructure projects and cut taxes. China GDP is forecast to expand 6.2 percent in both years. Trade tensions in the wake of the tariffs imposed by Trump on Chinese imports last spring dented the strong growth... [Full Article...]

Copper price falls after Chinese economic growth hits 28-year low

Copper price falls after Chinese economic growth hits 28-year low The US and China have been locked in an escalating trade spat since early 2018, raising import tariffs on each other's goods. Forecasters expect growth to decline further this year to 6.3 percent or lower. Some analysts believe China's growth rate could be fully 2 points worse than the official numbers indicate. For the full year, property investment increased 9.5 percent from the year-ear... [Full Article...]

Google hit with £44m GDPR fine over ads

Google hit with £44m GDPR fine over ads Google was handed the record fine from the CNIL regulator for failing to provide transparent and easily accessible information on its data consent policies, a statement said. Even though many tech multinationals like Google are headquartered in the US, they still have to comply with the new rules because they have millions of users in Europe. [Full Article...]

China's 2018 growth slows down to a 28-year low of 6

China's 2018 growth slows down to a 28-year low of 6 The year prior, China's economy grew at a 6.8 percent rate, revised down from 6.9 percent earlier. But there were some signs of resilience in the world's second biggest economy. Crude oil output dropped in 2018 for a third straight year despite increasing capital spending from oil producers, the data showed. Industrial output grew 5.7 percent in December from a year earlier, beating expectatio... [Full Article...]

Tesla to Recall Over 14000 Model S Cars in China

Tesla to Recall Over 14000 Model S Cars in China That means that as many as 3,150 employees will lose their jobs in this latest round of cuts. Musk said Tesla hopes to post a " tiny profit" in the current quarter but a 30 percent expansion in its workforce past year was more than it can support. [Full Article...]

Trump wall offer rejected by Democrats

Trump wall offer rejected by Democrats The president is offering to extend temporary protection for people brought to USA illegally as children in a bid to secure border wall funding.He has struggled to find a way out of a four-week partial government shutdown over his demand to construct a wall between the US and Mexico. [Full Article...]

Before start of new oil pact, OPEC made progress averting glut

Before start of new oil pact, OPEC made progress averting glut Oil is still about 20 percent above the lows reached in late December. USA benchmark West Texas Intermediate (WTI) crude oil prices were US$8/bbl lower than Brent prices in December 2018, and EIA expects this difference to narrow to US$4/bbl in the fourth quarter of 2019 and throughout 2020. [Full Article...]

China offers to ramp up U.S. imports

China offers to ramp up U.S. imports China has offered to go on a six-year buying spree to ramp up imports from the USA, in a move that would reconfigure the relationship between the world's two largest economies, according to officials familiar with the negotiations. The index has gained 1.3 per cent this week. Stock indexes have surged since reaching a low point on Christmas Eve, as the S&P 500 has risen for four weeks in a row... [Full Article...]

Nissan and MMC 'confirm' Ghosn financial misconduct

Nissan and MMC 'confirm' Ghosn financial misconduct Announcing findings of what they called an "ongoing" investigation , Nissan and Mitsubishi said Mr Ghosn was. Ghosn, arrested and detained in Tokyo since November 19, has been indicted in Japan on charges of under-reporting his salary for eight years up to March 2018, and temporarily transferring personal investment losses to Nissan during the global financial crisis. [Full Article...]

NJ governor, lawmakers make deal on $15 minimum wage

NJ governor, lawmakers make deal on $15 minimum wage The current $7.25 an hour federal minimum wage is a starvation wage. A job should lift you out of poverty, not keep you in it. At the start of 2019, it was increased to $9.25 per hour. About two million IL workers earn below the $15 mark. The movement has gained traction in recent years, amid growing anger over a federal minimum wage that won't allow a worker to afford the rent on a two-bedroom ... [Full Article...]

Winter storm causes plane to skid off runway at Chicago airport

Winter storm causes plane to skid off runway at Chicago airport The average delay at O'Hare International Airport was almost an hour on Saturday afternoon. Kansas Department of Transportation snowplow driver Stephen Windler, 25, died about 6 a.m. Celeste Tremmel was outside in Detroit on Saturday training for a marathon. "When you run a marathon, you run no matter the weather", said Tremmel, who plans to run a March marathon in SC. [Full Article...]

A Look At Morgan Stanley's Big Q4 Earnings Miss (NYSE:MS)

A Look At Morgan Stanley's Big Q4 Earnings Miss (NYSE:MS) The bank's wealth management division posted $4.14 billion in revenue, compared with the $4.45 billion estimate. Investment Management had net revenues of $684 million, an increase of 7%. Three analysts surveyed by Zacks expected $9.44 billion. Morgan Stanley , a financial holding company, provides various financial products and services to corporations, governments, financial institutions, a... [Full Article...]

Aer Lingus to reveal first brand makeover in 20 years

Aer Lingus to reveal first brand makeover in 20 years The airline unveiled a new livery at noon on Thursday. An A330-300 is the first aircraft to wear the new hues. Aer Lingus plans to increase its fleet to 80 over the coming years as it grows the North Atlantic fleet from 17 to 30 by 2023. [Full Article...]

Finance titan Jack Bogle is dead at 89

Finance titan Jack Bogle is dead at 89 Jack Bogle is dead. Detractors, and even some friends, found him ambitious, prideful, obstinate, severe, competitive, combative, cantankerous, censorious, cheap, self-righteous, and self-aggrandising. In a press release, Vanguard said he had gained legendary status in the American investment community, but the United Kingdom investment industry said his influence had been global. [Full Article...]

British Lotus cars to be 'Made in China' at new Geely plant

British Lotus cars to be 'Made in China' at new Geely plant Geely is fast becoming known as a company that breathes life back into companies with significant injection of capital, and as you can see from their efforts with Volvo it has very much paid off. The Wuhan Development Zone, where the factory will be based, said in a statement posted on its website last month that production at the plant would include "Geely's Lotus project". [Full Article...]

Start-Up investors to get relief from 'Angel Tax'

Start-Up investors to get relief from 'Angel Tax' Under the new rules, a startup will first need to be recognised by the department of industrial policy and promotion (DIPP ) to be eligible for concessions for shares that have been issued or are proposed to be issued. However, for availing income-tax exemptions and exemption from angel tax, they earlier needed approval from Inter-Ministerial Board (IMB). Of the total number of assessees who fi... [Full Article...]

Facebook to invest $300m into local news around the world

Facebook to invest $300m into local news around the world The company will invest $300 million into "news programs, partnerships and content", that benefit local news organizations in the United States and Europe, Facebook announced . In partnership with Knight Foundation and the Online News Association, Facebook also plans to host a two-day "Accelerate: Local News" summit, early this year. [Full Article...]

Microsoft pledging $500 million for affordable housing in Seattle area

Microsoft pledging $500 million for affordable housing in Seattle area In fact, a key reason Microsoft started looking into the housing pledge was Amazon's objection to a tax proposal last May that would have helped the city raise $75 million to fund homeless services and affordable housing . The resulting residences will target households making between $62,000 and $124,000 per year. Housing in Seattle and surrounding cities has almost doubled in this latest t... [Full Article...]

Government shutdown and your health: What you need to know

Government shutdown and your health: What you need to know As of this writing on 17 January 2019, the federal government is entering its 27th day of partial shutdown, the longest in U.S. history, and the result of an impasse reached between President Donald Trump and Democratic members of Congress over Trump's demand to include $5.7 billion in appropriations for new U.S. [Full Article...]

Skopko locations in Northern Utah closing after bankruptcy filing

Skopko locations in Northern Utah closing after bankruptcy filing Shopko has obtained up to $480 million debtor-in-possession (DIP) financing from certain of its prepetition secured lenders, led by Wells Fargo, N.A.as administrative agent, to help fund and protect its operations during the Chapter 11 process. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55  Next »