Economy

Tesla Model 3 Gets 5 Star Rating In NHTSA Crash Test

Tesla Model 3 Gets 5 Star Rating In NHTSA Crash Test

The Model 3 doesn't come with an engine at the front and the company has given big crumple zone, which is different from regular cars. Crash tests consists of a simulated 35-miles per hour frontal...

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Gaza Strip economy in 'free fall,' World Bank warns

Gaza Strip economy in 'free fall,' World Bank warns

The protests call for an end to the 11-year Israeli blockade on Gaza and for Palestinian refugees' right of return to the lands that their families fled during the establishment of the state of Isr...

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Trump says he’s ‘not happy’ about Fed rate hike

Trump says he’s ‘not happy’ about Fed rate hike

The Fed lifted its short-term rate - a benchmark for many consumer and business loans - by a modest quarter-point to a range of 2 per cent to 2.25 per cent. The tariffs and counter-tariffs that have b...

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Trump says he rejected Trudeau, again threatens Canadian-built vehicle tariffs

Earlier on Wednesday, Trudeau shrugged off US pressure to quickly agree to a deal and indicated it was possible the three member nations might fail to conclude a new pact. Get direct access to our top...

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Import duty hike not to hurt listed companies much

Import duty hike not to hurt listed companies much

The new prices will come in effect from the midnight of September 26-27. Once the price of these imported goods increase, it will, in turn, affect the demand and lower the rate of imports, helping inc...

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ABC board tells chairman Justin Milne to step aside

ABC board tells chairman Justin Milne to step aside

The resignation comes following an emergency meeting of the ABC board, for which Mr Milne was not present. The dramatic fallout from Michelle Guthrie's sacking has put the ABC's board under th...

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President Trump doubles down on attack on China

While chairing the United Nations Security Council on Wednesday, President Donald Trump accused China of trying to meddle in the upcoming US midterm elections. Trump, seated at the centre of an ...

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Federal Reserve Raises Interest Rates For Third Time

The central bank stuck with its previous forecast for a fourth rate increase before year's end and for three more hikes in 2019. That's an acknowledgment rates have moved closer to the neutral level w...

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Distracted boyfriend meme is sexist, objectifying: Swedish ad ombudsman

Distracted boyfriend meme is sexist, objectifying: Swedish ad ombudsman

The ad was also criticised for showing "stereotypical gender roles", and for giving "the impression that men can change female partners in the same way as changing jobs". The Guardian reported that ...

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Brent Crude Oil Price Ignores Trump, Reaches Highest Since 2014

Brent Crude Oil Price Ignores Trump, Reaches Highest Since 2014

Speaking to reporters after addressing the UN General Assembly, Macron said Iran should be allowed to keep selling oil and called for dialogue as he rejected a U.S. The International Energy Agency (...

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Fox selling existing Sky stake to Comcast

Fox selling existing Sky stake to Comcast

Comcast dropped out of that contest to focus on its acquisition of Sky. The remainder is valued at around $15 billion, or £17.28 per Sky share. Fox added that, when it launched Sky in 1989, "it wa...

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Trump rejects Canada leader's request to meet, unhappy with NAFTA talks

Trump rejects Canada leader's request to meet, unhappy with NAFTA talks

Earlier Wednesday, Canada's US envoy David MacNaughton, who has taken part in the Washington talks alongside Foreign Affairs Minister Chrystia Freeland, pegged the likelihood of a new trade deal by Su...

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Argentina on strike as central bank chief resigns over 'IMF disagreement'

Argentina on strike as central bank chief resigns over 'IMF disagreement'

It said he was leaving for personal reasons. Caputo and Argentina's new Treasury Minister Nicolas Dujovne replace outgoing Finance Minister Alfonso Prat-Gay who was sacked by President Mauricio Mac...

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US Federal Reserve raises interest rates amid strong growth

US Federal Reserve raises interest rates amid strong growth

At the same time as the United States has seen rates rise, in the UK and the eurozone they have remained around the ultra-low levels to which they were slashed during the crisis. During Powell's press...

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NAFTA: Lighthizer hints Mexico pact may need to be reopened if delayed

During a question-and-answer session on the sidelines of the United Nations event in NY yesterday, U.S. Trade Representative Robert Lighthizer said Canada and the U.S. Speaking at the United Nations ...

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Google ends cryptocurrency advertisement ban

Google ends cryptocurrency advertisement ban

Exchanges like Coinbase and Gemini require their customers to prove their identity. The search engine mogul Google has revealed that it will be loosening up on their previously instituted ban on c...

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Just Dunkin': Dunkin' Donuts to change its name

Just Dunkin': Dunkin' Donuts to change its name

Although donuts are still on the menu, the company renamed itself to reflect its increasing focus on coffee and other beverages. The change will officially take place in January, when the new name...

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Oil jumps, then pares gains as Trump pressures OPEC again

Oil jumps, then pares gains as Trump pressures OPEC again

Strong bullish sentiment is boosted by fears on impact from looming United States sanctions against Iran as well as OPEC's unwillingness to increase production and support oil markets which may ...

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Cabinet rallies around May on Chequers plan for Brexit

Cabinet rallies around May on Chequers plan for Brexit

The prime minister has responded by saying a no-deal Brexit would be better than the proposal favoured by rebel Leave supporters . The two sides are seeking to negotiate the terms of exit as well a...

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Iran: US wish to halt Iran's crude exports won't come true

Oil traded near $82 a barrel after President Donald Trump resumed his attack on Organisation of Petroleum Exporting Countries (OPEC) while Goldman Sachs Group poured cold water on forecasts for $1...

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No-deal Brexit could ends UK-EU flights, government says

No-deal Brexit could ends UK-EU flights, government says

He repeated Labour's argument that if parliament rejects May's Chequers deal, named after the prime minister's country residence where she hashed out a plan with her ministers, the party would press...

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Trump attacks Iranian leadership, boasts of accomplishments

Trump attacks Iranian leadership, boasts of accomplishments

Since that address , Trump has claimed credit for an easing of tensions between the US and North Korea , which hasn't tested ballistic missiles or nuclear weapons since late previous year. that want...

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Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA

Trudeau has said his focus on dealing with the Trump administration has been "simply not escalating, not opining, not weighing in". The U.S. and Canada are at odds over anti-dumping dispute panels c...

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Michael Kors buys Versace for more than $2B

Michael Kors buys Versace for more than $2B

Donatella said the takeover was "essential to Versace's long-term success". They included getting Versace products in 100 more stores, an expansion of men's and women's accessories and footwear, and...

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Canada Not Making 'Essential' Trade Concessions, According to Lighthizer

If Canada comes along later, then that's what'll happen. Lighthizer's comments on the state of the North American Free Trade Agreement negotiations were similar to those offered on condition of anon...

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Sky falls in on Comcast share price

Sky falls in on Comcast share price

The rare three round auction was managed by UK's Takeover Panel. Crossing the 30 percent threshold means that the USA cable company must offer to buy out other investors at the formal offer price ...

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Instagram says CEO Systrom, CTO Krieger resign

Instagram says CEO Systrom, CTO Krieger resign

The co-founders of Instagram, Kevin Systrom and Mike Krieger, have resigned as chief executive officer and chief technical officer of the social network. The app now boasts a user base of over one bil...

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US Using False Accusations On Trade To

US Using False Accusations On Trade To "Intimidate" Countries: China

Secretary of State Mike Pompeo vowed that the United States would emerge victorious in an intensifying trade war with China , a day before Washington imposes $200 billion (R2 863 300 000 000,00) wort...

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Brent oil jumps to four-year high near $81

Brent oil jumps to four-year high near $81

This week Trump labeled OPEC a " monopoly " on Twitter , accusing the organization of wanting to push oil prices " higher and higher ". Earlier today, Brent crude hit its highest since May at $...

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Rosenstein to meet Trump Thursday as job hangs in balance

Rosenstein to meet Trump Thursday as job hangs in balance

Rosenstein oversees the Mueller investigation - and once he's fired Rosenstein, Trump can fire Mueller. Rosenstein reportedly told close associates that he would one day be "vindicated" for being ...

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