Economy

Elon Musk apologises for his Twitter comments on British caver

Elon Musk apologises for his Twitter comments on British caver

Mr Musk, head of the SpaceX and Tesla companies, visited the command centre in Thailand during the rescue , announcing he had left the rescuers a mini-submarine. But Musk has also become increasingly ...

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Oil set for weekly drop as Trump issues new trade threats

Oil set for weekly drop as Trump issues new trade threats

Crude has retreated about 6% this month as the escalating trade war between the US and China rattled global financial markets. The kingdom's crude output surged the most in three years last month, a...

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North Korea to return US soldiers' remains in weeks -Pompeo

North Korea to return US soldiers' remains in weeks -Pompeo

The Americans planned to send transit cases via truck to the DMZ, where they would be given to the North Koreans to use for the remains. But the United States blocked the statement on June 28 given ...

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Ritz Cracker Products Recalled Due To Potential Salmonella Presence

Ritz Cracker Products Recalled Due To Potential Salmonella Presence

Mondelēz Canada is recalling crackers sold in 180-gram packages, as well as in cases of smaller Snak Paks of 42 grams. The recall impacts 16 different products that are available throughout the Unit...

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Trump willing to hit all Chinese goods with high tariffs

Trump willing to hit all Chinese goods with high tariffs

The S&P 500 index lost 0.4 per cent to 2,804.49 on Thursday. Despite Trump's claim, the yuan has been rising steadily if gradually in recent years, as most economists and officials say Beijing act...

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The Fed Is Learning What Being Donald Trump's Ex-Girlfriend Feels Like

The Fed Is Learning What Being Donald Trump's Ex-Girlfriend Feels Like

In the interview, he raised the concern that higher interest rates would put the U.S.at a "disadvantage", while the European Central Bank and Bank of Japan keep their rates low. The US dollar went dow...

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Marchionne replaced as head of carmaker Fiat Chrysler

Marchionne replaced as head of carmaker Fiat Chrysler

Manley, 54, has been the head of the Jeep brand since 2009 and Ram since 2015. Marchionne, 66, had surgery on his right shoulder and needed a short period of convalescence, an FCA spokesman told...

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Gold hits one-year low on talk of more U.S. rate rises

Gold hits one-year low on talk of more U.S. rate rises

Japan's Nikkei rose 0.8 percent, supported by exporters' gains. Also contributing to the morning's sharp gains were oil and coal sector shares. "His takeaway was the job market is strong, inflation ...

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No GST on sanitary pads, rakhis; rates slashed on shoes, several appliances

No GST on sanitary pads, rakhis; rates slashed on shoes, several appliances

Sources said rate cuts and certain clarifications will have revenue impact of Rs 10,000 crore-Rs 11,000 crore annually. The tax rate on supply of e-books has been cut to 5 percent from 18 percen...

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Oil Prices Rebound As Saudis Expect Reduced Exports In August

Oil Prices Rebound As Saudis Expect Reduced Exports In August

Meanwhile, Rising OPEC output also weighed on sentiment as the oil cartel revealed last week that its members had increased output last month, led by a rise in Saudi output to levels not seen sinc...

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Theresa May avoids major Brexit defeat on customs union amendment

Theresa May avoids major Brexit defeat on customs union amendment

After bowing to pro-Brexit lawmakers in her party on Monday, the prime minister may have opened the door to their growing calls for her to ditch the Chequers plan. "Let me make it clear that I will be...

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Cloud-driven Microsoft crosses $100bn revenue for first time

Cloud-driven Microsoft crosses $100bn revenue for first time

Speaking to financial analysts on a conference call, Nadella made a point of praising Azure, noting Microsoft's recently signed mega-deal with Walmart to provide all of the cloud backend for the U...

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Prime Day caused Amazon's website to crash in a few minutes

Prime Day caused Amazon's website to crash in a few minutes

For this prime day alone, these businesses made over $ 1 Billion in sales . With Prime Day finally upon us, a new study confirms what most of the retail industry has long suspected: Amazon s...

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Google fined Sh500bn for breach of European Union antitrust rules

Google fined Sh500bn for breach of European Union antitrust rules

More significantly, the European Union has also ordered Google to allow phone manufacturers and telecom operators to allow non-Google apps on Android devices. There is little doubt that Google h...

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Papa John's founder calls resignation a 'mistake'

Papa John's founder calls resignation a 'mistake'

Schnatter resigned as chairman shortly after Forbes reported that he had used a racial slur during a media training session with Laundry Service , a marketing firm that had been coaching him...

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Tesla Shares Fall After Elon Musk's 'Pedo' Twitter Comment

Tesla Shares Fall After Elon Musk's 'Pedo' Twitter Comment

Elon Musk calls British diver who helped rescue Thai schoolboys " pedo guy " in Twitter outburst. On Monday, Vernon Unsworth told the Guardian that he was "astonished and very angry" after he...

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Planemakers plot course through trade, Brexit worries to air show deals

Planemakers plot course through trade, Brexit worries to air show deals

After Prime Minister Theresa May unveiled more conciliatory proposals last week for Britain to retain strong trading ties with the European Union after Brexit , Enders however said that the gov...

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Best of Amazon Prime Day

Best of Amazon Prime Day

Deals go live at 3 p.m. ET and run through midnight on Tuesday. Some deals will be lightning deals (only lasting a short period of time) but some will continue throughout the sale. Good luck to all th...

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Elon Musk calls Thai cave rescuer a 'pedo' for mocking submarine

Elon Musk calls Thai cave rescuer a 'pedo' for mocking submarine

Musk had developed a mini-submarine created to deliver each child to safety, but Unsworth described in detail how the invention "had no chance of working". The 12 boys and their coach were trapped for...

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Greyhound exit: Who's going to fill the void?

Greyhound exit: Who's going to fill the void?

The news came as a shock for many boarding their buses at Pacific Central Station on Main Street in Vancouver. Commenting on the decision from Greyhound to stop operations in western Canada, Joe Har...

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Women win $4.7bn baby powder payout

Women win $4.7bn baby powder payout

The plaintiff's lawyers said asbestos fibers were found in the ovarian tissues of numerous women and introduced evidence that explained how asbestos is intermingled with the mineral talc - the pri...

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Ex-Tesla worker makes it official and blows the whistle to SEC

Ex-Tesla worker makes it official and blows the whistle to SEC

Two to three years after that, Tesla says the annual production capacity will be 500,000 vehicles. Former Tesla employee Martin Tripp has submitted a tip to the Securities and Exchange Commission ac...

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Build-A-Bear offering vouchers after too-popular promotion lured thousands

Build-A-Bear offering vouchers after too-popular promotion lured thousands

The massive crowds triggered safety concerns and the store was forced to turn people away. Build-a-Bear's stuffed animals aren't cheap, especially when you load them up with clothes, hats, cell phon...

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US May List Tariffs On $200 Billion More Chinese Products

US May List Tariffs On $200 Billion More Chinese Products

The United States has chose to impose tariffs on $200 billion worth of imports from China after efforts to negotiate a solution to the trade dispute failed to reach an agreement, senior administration...

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South Korea denies stopping Iran's oil imports

South Korea denies stopping Iran's oil imports

It is now trying to negotiate a waiver from the US sanctions, but judging by the State Department's stated goal to reduce Iran's crude oil exports to zero, success is uncertain. "Indian refiners can...

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Job growth remains steady, but jobless rate ticks higher

Job growth remains steady, but jobless rate ticks higher

And three cities (Provo, Orem and Saint George) were named among the 10 best places for working parents in a recent SmartAsset report for being safe, affordable and boasting shorter commutes and h...

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Canada adds 31,800 jobs in June, led by jump in part-time positions

Even so, a steady pace of hiring and gradually rising wages, along with lower taxes, are helping underpin consumer spending and propelling a rebound in US growth. The economy needs to create roughly 1...

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ZTE names new top execs to comply with USA demands

ZTE names new top execs to comply with USA demands

Last week, the Shenzhen-based company appointed a new chairman as part of its agreement to clean house and pay a record US$1.4 billion (RM5.66 billion) fine to get back into business. The 54-year-old ...

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Zuckerberg is world's third-richest

Zuckerberg is world's third-richest

Zuckerberg is now worth $81.6 billion, almost $400 million more than Buffett, chairman of the Berkshire Hathaway investment group, rankings show. Zuckerberg had to face Congress and take full-page ...

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Netflix Is Removing All Online Reviews, and Testing Out Pricier 'Ultra' Plan

Netflix Is Removing All Online Reviews, and Testing Out Pricier 'Ultra' Plan

According to Variety , Netflix is testing a new plan, called "Ultra", that will allow customers to view more movies in Ultra HD. So far, these plans are only being tested in Europe, but, according t...

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