Economy

Volkswagen Set To Reveal New Look This September

Volkswagen Set To Reveal New Look This September

We had already told you back in July 2018, that the company will reveal its brand new logo in 2019 and now we finally know when. "We plan to be the world market leader in electric mobility by 2025, ...

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North Bay's cannabis lottery winner revealed

North Bay's cannabis lottery winner revealed

The North Bay lottery victor is Lorne J. Fine, a Toronto divorce lawyer, and the proposed store location is the Nipissing Plaza, 390 Lakeshore Drive, Suite 3. Applicants on the wait list will be mo...

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Overstock CEO Patrick Byrne Resigns After 'Deep State' Comments

Overstock CEO Patrick Byrne Resigns After 'Deep State' Comments

Byrne adds that he is "in sad position of having to sever ties with Overstock , both as CEO and board member, effective Thursday August 22". The announcement by Patrick Byrne of his resignation...

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PMI for euro area sligtly up in August

PMI for euro area sligtly up in August

The IHS Markit manufacturing Purchasing Managers' Index slipped to 49.9 from a final July reading of 50.4, according to a preliminary August report Thursday that trailed all estimates in Bloomberg'...

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Merkel tells Johnson EU would be prepared for no-deal Brexit

Merkel tells Johnson EU would be prepared for no-deal Brexit

Just an hour after Ms Merkel spoke, French President Emmanuel Macron said the demands made by Mr Johnson for a renegotiation of the divorce deal, including the removal of the Irish backstop, were no...

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Greene King to be sold to Hong Kong family

Greene King to be sold to Hong Kong family

In a note released on Tuesday morning, Greene King PLC (LON: GNK ) shares have had their "Neutral" Rating reaffirmed by equity research analysts at JP Morgan Cazenove. The company recent revalued it...

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Kitchener, Guelph may be getting cannabis stores after lottery

Kitchener, Guelph may be getting cannabis stores after lottery

The applications for the First Nations stores opened July 31. That unwanted activity includes loitering and panhandling, he said. "I've said on many occasions that walking traffic is something that ...

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Lowe's soars the most in 11 years after smashing earnings estimates (LOW)

Lowe's soars the most in 11 years after smashing earnings estimates (LOW)

In an interview with The Associated Press on Wednesday, Ellison said Lowe's has been trying to strip away tedious tasks from sales associates like loading trucks and stocking shelves so they are more ...

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US DoJ antitrust chief says working with states on tech investigation

US DoJ antitrust chief says working with states on tech investigation

Those "concerns" shouldn't come as a surprise to Apple , Google , Facebook , Amazon , et al. On July 23, the Justice Department said it was opening a broad investigation into whether Amazon.com I...

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China vows countermeasures if USA puts new tariffs on Chinese goods

China vows countermeasures if USA puts new tariffs on Chinese goods

But he defended his actions and said he believed a trade deal between the world's largest economies was still possible. "We hope the United States and China can meet each other halfway and find a so...

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Qantas Airways is Testing 20-Hour Non-Stop Flights to Sydney

Qantas Airways is Testing 20-Hour Non-Stop Flights to Sydney

Competition in the ultra-long haul aviation market has intensified in recent years, with various airlines flying extended routes. As a result, the planned delivery flights from Seattle to Australia wi...

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CEOs Redefine 'Purpose Of Corporation', Say Employees, Customers More Important Than Shareholders

CEOs Redefine 'Purpose Of Corporation', Say Employees, Customers More Important Than Shareholders

Signed by 181 CEOs, the revamped code "outlines a modern standard for corporate responsibility" according to BR's statement. Former UBS Financial Services CEO Joe Grano told FOX Business on Monday t...

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The Federal Budget Deficit Is Getting Bigger As Spending Grows

The Federal Budget Deficit Is Getting Bigger As Spending Grows

Fiscal hawks say the rising wave of red ink also limits the federal government's ability to provide stimulus in the event of a downturn. "The fake news, of which many of you are members", are trying...

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Trump Wants Russia Back in G7

Trump Wants Russia Back in G7

France holds the 2019 presidency of the G-7, which besides the US also includes Britain, Canada, Germany, Italy and Japan. As reported, U.S. President Donald Trump stated that he wants Russian Fe...

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Chick-fil-A and Popeyes spark Twitter beef over chicken sandwiches

Chick-fil-A and Popeyes spark Twitter beef over chicken sandwiches

It features a buttermilk battered and hand-breaded chicken filet on a toasted brioche bun and is topped with pickles and either mayo or spicy Cajun spread. Popeyes responded by tweeting the quest...

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China's one-year loan prime rate falls to 4.25%

China's one-year loan prime rate falls to 4.25%

The new above-five-year LPR was 4.85 percent. The People's Bank of China (PBOC ) debuted its new loan prime rates (LPR) under a new mechanism that was unveiled over the weekend. "In the future, if ...

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Hong Kong group buys UK's largest pub chain

Hong Kong group buys UK's largest pub chain

CK said that, even with the Brexit departure date just around the corner, pubs will continue to be "an important part of British culture ". The company also declared its confidence in Greene Kin...

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Amazon opens its biggest global campus in India

Amazon opens its biggest global campus in India

This is is the only Amazon - owned campus outside of the USA and will house 15,000 employees of it's over 62,000 employee base in India. "Amazon laid the foundation stone for the campus building on ...

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Donald Trump raises pressure on Fed's Jerome Powell to cut interest rates

Donald Trump raises pressure on Fed's Jerome Powell to cut interest rates

The U.K.'s FTSE 100 climbed 0.4%. "What we're hoping is that when we hear from Fed officials, in the wake of the escalation of the trade war, in the wake of the inversion of the yield curve , that ...

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Trump administration unveils rule allowing migrant families to be held indefinitely

Trump administration unveils rule allowing migrant families to be held indefinitely

The regulation replaces a long-standing court agreement that restricted how long the government could hold migrant children - a decision that is bound to spark a new court fight about immigrants' righ...

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Trump slams Fed Chair Powell: 'He’s like a golfer who can’t putt'

Trump slams Fed Chair Powell: 'He’s like a golfer who can’t putt'

He's like a golfer who can't putt, has no touch. The fall came after U.S. Commerce Secretary Wilbur Ross confirmed overnight that Washington will extend for another 90 days a license that allows Chi...

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Dow slumps 800 points after bonds flash recession warning

Dow slumps 800 points after bonds flash recession warning

Weak economic data from Germany and China added to recent signals of a global slowdown. The inversion sent stocks plunging Wednesday, with the Dow Jones tumbling 800 points, or 3 per cent. "Intere...

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Ryanair wins court bid to block Irish strike

Ryanair wins court bid to block Irish strike

Ryanair has told Stansted Airport bosses it expects to operate a full flight schedule on Thursday and Friday (Aug 22-23) despite striking pilots. If the airline is unsuccessful, British Airline Pilo...

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US Steel laying off up to 200 workers

US Steel laying off up to 200 workers

Based in Pittsburgh, the steelmaker had laid off 48 workers as of early August and said more would come in September. In mid-June, citing market conditions with lower prices and the lessening dema...

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Elanco to buy Bayer's animal health unit for $7.6 billion

Jeffrey N. Simmons, Elanco president and chief executive, said: "The move combines our long-standing focus on the veterinarian while meeting pet owners' changing expectation of pet care and access to ...

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BHP is sailing between China stimulus breeze and trade war storm: Russell

BHP is sailing between China stimulus breeze and trade war storm: Russell

While the trade dispute was putting a dampener on global economic growth, it had not yet affected demand for BHP's commodities such as iron ore, copper and coal in China, its biggest customer, Chi...

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Tesla Sued By Walmart For Solar Panel-Related Fires & Other Issues

Tesla Sued By Walmart For Solar Panel-Related Fires & Other Issues

One location in OH had to be closed for eight days, Walmart said in the complaint . The fires destroyed significant amounts of store merchandise and required substantial repairs, totaling hundreds ...

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Winklevoss twins hint a possible collaboration with Facebook on Libra

Winklevoss twins hint a possible collaboration with Facebook on Libra

However, NZZ am Sonntag reported that he " posted a statement on his website signed by data protection officers from the USA, the EU, Australia, Canada and other countries" that contains critical...

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US Extends Temporary License on Huawei for 90 Days

US Extends Temporary License on Huawei for 90 Days

Of US$70-billion that Huawei spent buying components in 2018, about US$11-billion went to USA companies. In an interview Monday, Ross said some companies require more time to purge the remaining n...

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Google tightens grip on some Android data over privacy fears, report says

Google tightens grip on some Android data over privacy fears, report says

The company made a decision to halt the service due to concerns that sharing data from users of its Android phone system could attract further scrutiny from both users and regulators. Google shuttere...

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