Markets

European Union levies tariffs on $3.2B on United States goods over metals duties

The Commission formally adopted a law putting in place the duties on 2.8 billion euros ($3.2 billion) worth of USA goods, including steel and aluminum products,...


The new Volvo S60 is predictable but good

But, at the same time, it's the last piece of Volvo's puzzle that started with the XC90. But, as with the V60 and V90, there are definitely some major differe...


China calls for calm as trade row wipes out 2018 Dow gains

As the trade dispute between Washington and Beijing heats up, the world's top oil producers are set to gather in Vienna, Austria, on June 22 to set global...


Disney raises its bid for Fox to $71 billion

It did not mention Comcast's bid. The improved offer came as 21st Century Fox board was set to decide whether to back Comcast's bid for assets that include Fo...


Telstra to cut 8000 employees, contractors by 2022

Among the plans is a the creation of "InfraCo" a "wholly owned infrastructure business unit" Telstra says will "drive performance and provide future optionality...


CEA Arvind Subramanian to return to United States in October: Arun Jaitley

Outlining some of his key achievement, the minister said Subramanian's four Economic Surveys "have been judged by several independent critics as some of the bes...


Hackers hit South Korean cryptocurrency exchange Bithumb, bitcoin falls

Only two weeks ago, Coinrail reported a hack estimated to be worth around $37.2 million. As of press time, Bithumb still is seeing over $300 million in 24...


Australian telecom giant Telstra to cut 8000 jobs

Telstra has announced plans to slash 8,000 jobs, including one in four executive and middle management roles, in a major cost-cutting overhaul. Watch the fu...


Notes worth Rs 12 lac destroyed by mice inside Assam's Tinsukia ATM

The machine was lying unused since May 20, reports said. On May 19, Global Business Solutions, a Guwahati-based financial company engaged in depositing cash...


Microsoft Slammed For ICE Contract, Amid Child Separations

ET Monday, the section about ICE on the blog post appeared to be removed, only to reappear about 20 minutes later. Microsoft didn't immediately comment ab...


Musk: Tesla Employee Sabotaged Operations

That pressure has also seeped into the company's 10,000-employee auto factory in Fremont, California. "His stated motivation is that he wanted a promotion that ...


Australian broadband users opting for faster speed tiers, according to NBN

The report further shows that, since December 2017, orders for wholesale speed tiers of 50 Mbps or higher have nearly tripled, increasing from 16 percent to 44 ...


CYBG to acquire Virgin Money for £1.7bn in shares

Mid-sized British bank CYBG has agreed a £1.7 billion all-share deal to acquire Virgin Money after over a month of talks. Virgin Money shares were down 2.3 pe...


Merkel rejects ultimatum on migrants, has two weeks to reach European Union deal

We see states that are turning inward, trying to find national solutions to problems that require European solutions. Speaking at a joint news conference wi...


Trump threatens additional $200bn in tariffs on China

He said China's latest action clearly indicated its determination to keep the United States at a permanent and unfair disadvantage, which is reflected in the m...


Amazon Prime launches in Australia

Prime expedited delivery reaches almost 90% of Australians in two business days, with more cities, towns and suburbs being added over time. It is now availabl...


OMB's Kraninger picked to head U.S. CFPB -White House

Calling Kraninger a "staunch supporter of free enterprise", White House Deputy Press Secretary Lindsay Walters said in a statement that the White House hopes fo...


Millennials Leave The Worst Tips, Survey Suggests

The study surveyed 1,000 people, and revealed 10% of Americans ages 18 to 37 routinely leave no tip, and almost one in three leaves less than 15% when dining ...


Trump's Prepares China Trade War, $200 Billion in Tariffs

China will fight back firmly with "qualitative" and "quantitative" measures if the United States publishes an additional list of tariffs on Chinese goods , the...


Unilever gets tough with the online influencers

However, the sector has lost some of its sheen after numerous reports surfaced about fraud that exist in the business from influencers that buy followers to i...


MERKEL’S MESS: Germany’s Leadership Hangs in the Balance Over Refugee Policy

As outspoken pro-Europeans, Merkel and Macron both face harsh opposition from nationalist and right-wing populist forces at home, and in the governments of Ital...


Amazon launches Prime express delivery service in Australia

Amazon began offering its paid subscription service in Australia on Tuesday, wooing premium users with a way around the geoblock on its offshore websites that h...


Trump proposes new tariffs on $200B worth of Chinese goods

The new United States tariff will be imposed if China goes ahead and implements its new tariff on American goods, announced last week, the White House said, add...


ICICI benches Chanda, at last

Kochhar, meanwhile, has tried to stay out of the public eye and is now on a planned vacation, according to the bank's spokesperson. All Executive Directors on t...


Elon Musk Just Predicted Exactly When Tesla Stock Will Rebound

The company is investigating whether the employee "was working with any outside organizations", the email said. The Electrek blog, which covers electric car...


Google to Invest $550M in Alibaba Rival JD.com

JD.com has also been a strategic partner with Walmart since 2016. Google isn't planning on doing anything new in China as a result of the deal. JD will star...


More technical issues stranding passengers at Charlotte Douglas airport

Flights were held due to technical issues with PSA Airlines, an American Airlines regional carrier, that affected primarily Charlotte flights. The cancellat...


Virgin Money bought by CYBG for £1.7bn

Earlier this month, CYBG raised its offer to buy Virgin Money in a deal that would create Britain's sixth biggest bank and become a major challenger to the big ...


Audi chief Rupert Stadler arrested in diesel emissions probe

Audi CEO Rupert Stadler has been arrested. Audi, who has been caught up in the emissions scandal that afflicted Volkswagen , had no immediate comment. and Eu...


Audi CEO arrested over cheating probe

Audi confirms CEO has been arrested but can not comment further on ongoing investigation. News of the arrest comes as VW's new group CEO Herbert Diess is tryi...


Tesco sales growth continues as Booker deal boosts prospects

That was a tenth straight quarter of growth and compared to analysts' forecasts in a range of up 1.7 percent to 2.5 percent and growth of 2.3 percent in the pre...


McDonald's to swap out plastic straws for paper alternatives in UK, Ireland

Today, McDonald's announced a phased rollout of paper straws in all 1,361 McDonald's restaurants in the United Kingdom and Ireland with completion set for 2...


Japan halts Canadian wheat shipments

While other crops such as corn and soybeans have been widely genetically modified to improve yield or withstand threats, GMO wheat has not been approved anywher...


United Kingdom union free to challenge Deliveroo over drivers' status | AP business

In the latest gig economy case, a judge has given a union the go-ahead to mount a legal challenge over the employment status of drivers for Deliveroo. Crowdfund...


Researchers Claim Tether and Bitfinex Manipulated the 2017 Bitcoin Price Surge

Mary's University School of Law and a research fellow at the UCL Centre for Blockchain Technologies. Rumors regarding Bitcoin and price manipulation have ...


Spending watchdog´s damning assessment of Universal Credit

In a report looking at the rollout of the reform, which is merging six existing benefits into one payment and has so far been eight years in the making, auditor...


McDonald's to switch to paper straws in UK

The activist group SumOfUs estimates that every day, McDonald's alone dispenses millions of plastic straws that customers soon discard, leaving them to litter b...


China's Didi launches in Australia, expanding battle with Uber

Didi Chuxing - which is valued at $50 billion and counts SoftBank Group Corp as a major investor - is expanding heavily overseas, targeting new markets in Mexi...


Royal Mail BANS posties from displaying England flag on rounds

Someone might think Royal Mail has redesigned its logo to include the England flag with MILLWALL written down the middle on the white bit. TUV MLA Jim Alliste...


Steve Bannon Enters the Crypto market, Plans to Launch Own Virtual Coin

Steve Bannon, President Trump's former Chief Strategist, was once his closest ally and advisor. Apparently, Bannon is trying to make his way into the world of...


Supply Chain Caught in Crossfire of U.S.-China Trade Conflict

Businesses in both countries, but especially the U.S., are growing increasingly concerned that the dispute could escalate further and chill global economic gro...


China steel output hits record high

World economic recovery creates favorable conditions for China's trade. Sales measured by floor area grew 2.9 % in January-May from the same period a year earli...


Ticked at Trump, Canadians Say They'll Avoid US Goods

At home on Thursday, pretty much the entire political spectrum - including Ontario premier-designate Doug Ford, whose province is hard-hit by the current tariff...


Britain's Rolls-Royce is slashing 4600 jobs

Around a third of the job cuts will happen by the end of this year, with full implementation by mid-2020. A Rolls-Royce engine is pictured on a Boeing 787-9 D...


Jaguar Land Rover launches zero deposit vehicle subscription service

Carpe allows subscribers to get a new auto every year and the vehicle specifications can be tailored to meet individual needs, with no restrictions on mileage. ...


Rates Back In Driving Seat For Markets, As ECB Ends Bond Buying

Despite warning that the single currency area was going through a soft patch, the European Central Bank said it would phase out its bond purchases over the next...


Simply Be and High & Mighty stores set to close

Chief executive Angela Spindler noted that the action had "not been taken lightly and we will do all we can to support the colleagues affected during this proce...


Tesla Lays Off 9 Percent Of Workforce

The move is part of a broader restructuring of the company which also entails layoffs of about 9 percent of the Tesla workforce, not including hourly produc...


SEC official: Ether is not a security

The price of ether surged more than 9 percent. It has fallen more than 60 percent since its peak in January. Ether was issued following an online crowdsale he...


RAC calls for fuel retailers to cut prices

It says diesel prices have been rising for even longer, with supermarkets raising the price every single day since the 27 March. However, a fuel retailers ass...