Amazon is 2nd US company to reach $1-trillion market value

Amazon saw its quarterly profit soar past $2 billion USA for the first time earlier this year as the online shopping, cloud computing and advertising businesses all kept growing. Apple Inc. may have gotten there first, but Amazon.com's rapid ascent t... More..

by | Published more than a month ago
Petrol, diesel prices hit fresh high, go up for 10th consecutive day
by | Tuesday, September 04, 2018

Petrol, diesel prices hit fresh high, go up for 10th consecutive day

Current account deficit (CAD) is already widening and an excise duty cut will disturb fiscal deficit (target). Petrol and diesel prices in the country touched their highest levels Monday mainly due to fal...More..

Trump Peeved After His Off-the-Record Comments Leak
by | Monday, September 03, 2018

Trump Peeved After His Off-the-Record Comments Leak

A tentative U.S. -Mexico agreement was announced Monday, when Mr. Trump first said he was prepared to move forward without Canada. "Congress should not interfere with these negotiations or I will simply ter...More..

Buhari Lands In China for FOCAC Summit
by | Monday, September 03, 2018

Buhari Lands In China for FOCAC Summit

Sisulu identified rising nationalistic ethos, populism, unilateralism, protectionism and the emergence of global trade wars among the current challenges that representatives of all 54 states gathering for For...More..

Lego built a full-size Bugatti that you can totally drive
by | Saturday, September 01, 2018

Lego built a full-size Bugatti that you can totally drive

Yes, the Bugatti Chiron seen here is made entirely from Lego and Lego Technic pieces to recreate the supercar in stunning detail. Lego have built a drivable version of the hypercar comprising mo...More..

Trump, Justin Trudeau Had
by | Saturday, September 01, 2018

Trump, Justin Trudeau Had "Constructive Conversation" On Trade: Canada

Trade Representative Robert Lighthizer. He sees Canada under greater pressure to accept us trade terms in light of Trump's renewed threat to slap punishing tariffs on vehicles and auto parts entering his ...More..

Coca-Cola agrees to acquire British coffee chain Costa
by | Friday, August 31, 2018

Coca-Cola agrees to acquire British coffee chain Costa

Coca-Cola already owns the Georgia and Gold Peak coffee brands, which make bottled and canned drinks, but the purchase of Costa could allow it to compete with brands like Starbucks . She expects Coke to use th...More..

Over 99% of demonetised notes were returned: RBI
by | Thursday, August 30, 2018

Over 99% of demonetised notes were returned: RBI

Now, even if 100% of demonetised currency returned to the system, it does not mean all of this cash was "white" or money that was generated through wholly legal means. Bharatiya Janata Party spokesperson Samb...More..

Global Stocks Rise as U.S., Mexico Near Trade Deal
by | Tuesday, August 28, 2018

Global Stocks Rise as U.S., Mexico Near Trade Deal

Those two facts collided this afternoon during a press spray in the Oval Office when Trump tried to put Mexican President Enrique Peña Nieto on speakerphone while announcing a new trade deal between the us...More..

Volkswagen was reportedly Tesla's backer to go private
by | Tuesday, August 28, 2018

Volkswagen was reportedly Tesla's backer to go private

It is not clear exactly why Musk changed his mind about taking Tesla private, but the WSJ report suggested that he balked at the proposal of relinquishing further control of his company in order to secure the...More..

Trump makes trade announcement at the White House, possibly on NAFTA deal
by | Monday, August 27, 2018

Trump makes trade announcement at the White House, possibly on NAFTA deal

Trump said Monday during an Oval Office event that he'll be calling the emerging agreement the "United States-Mexico Trade Agreement". He said the US, which wants Canada to loosen its protection of the suppl...More..

Wall Street ready to mark ‘longest bull run in history’
by | Friday, August 24, 2018

Wall Street ready to mark ‘longest bull run in history’

S&P 500 earnings grew 23% in the first quarter, the strongest pace in seven years. With Tuesday's gains, the market logged a 3,452-day winning streak, leaving the S&P index 323 percent higher since it ...More..

Trump's Former Lawyer Michael Cohen 'Has Evidence Of Russia Collusion'
by | Friday, August 24, 2018

Trump's Former Lawyer Michael Cohen 'Has Evidence Of Russia Collusion'

A mistrial was declared in ten further counts he faces, although 69 year-old Manafort still faces dying in jail when he is sentenced. Among the things Cohen has special "knowledge" about that he thinks will b...More..

Australian PM Turnbull fights leadership challenge
by | Friday, August 24, 2018

Australian PM Turnbull fights leadership challenge

Turnbull would then become the fourth prime minister to be dumped by his or her own party before serving a full three-year term in an extraordinary era of political instability that began in 2010. As the Libera...More..

It will be tough for Trump's SEC to overhaul reporting rules
by | Monday, August 20, 2018

It will be tough for Trump's SEC to overhaul reporting rules

Half-yearly reporting would mark a huge change in USA disclosure requirements and put them in line with European Union and United Kingdom rules. Trump has asked the Securities and Exchange Commission to st...More..

Elon Musk says he's cracking under stress of Tesla job
by | Monday, August 20, 2018

Elon Musk says he's cracking under stress of Tesla job

In the interview, he calls the past year "excruciating" and "the most hard and painful year of my career" while also acknowledging that he often relies on Ambien to help him sleep. The company did not comment...More..

Euro nudges higher as US-China trade talks calm market nerves
by | Friday, August 17, 2018

Euro nudges higher as US-China trade talks calm market nerves

The dollar's stalling near its multi-month high came while President Donald Trump praised its recent strength on Thursday, even though he had said a strong greenback puts US exporters at a disadvantage. Tur...More..

Turkey raises tariffs on some USA imports in response to economic 'attacks'
by | Wednesday, August 15, 2018

Turkey raises tariffs on some USA imports in response to economic 'attacks'

Turkey has suffered the most from the feud, which has helped push its currency , the lira, to record lows against the dollar. The call from businesses came as Erdogan demanded a boycott of Apple and o...More..

Pope Francis prays for victims of bridge collapse in Italy
by | Wednesday, August 15, 2018

Pope Francis prays for victims of bridge collapse in Italy

A witness to the deadly Genoa highway bridge collapse has provided a dramatic account of the disaster to Italian television SKY TG24, including a description of how a green truck stopped just short of the a...More..

Detained Pastor Brunson causing Turkey-U.S. tension files fresh appeal
by | Wednesday, August 15, 2018

Detained Pastor Brunson causing Turkey-U.S. tension files fresh appeal

The Turkish lira hit an all-time low of 7.24 to the dollar on Monday, Aug. 13, driven down by concerns over Erdogan's calls for the central bank to loosen monetary policy, and by deteriorating ties with the Un...More..

Turkey's Erdogan Vows Action Against 'Economic Terrorists' Over Lira Plunge
by | Tuesday, August 14, 2018

Turkey's Erdogan Vows Action Against 'Economic Terrorists' Over Lira Plunge

The Capital Markets Board of Turkey issued a similar warning to those who spread "lies, false or misleading information, news or analysis". "If (the United States) have the iPhone, there's Samsung on the ot...More..

Tesla CEO Musk accused in lawsuit of defrauding shareholders
by | Tuesday, August 14, 2018

Tesla CEO Musk accused in lawsuit of defrauding shareholders

Tesla did not respond to a request for comment on the proposed class-action complaint filed in the federal court in San Francisco . Mr. Musk tweeted at 12:48 p.m. private has landed him with a fat lawsu...More..

Tesla's Musk Faces Class Action Suits Over Tweet
by | Monday, August 13, 2018

Tesla's Musk Faces Class Action Suits Over Tweet

The most recent meeting took place on July 31, after the Saudi fund had accumulated a minority stake of about 5 percent. "The question is still around Tesla's future sales". "So the potential investor m...More..

Trump doubles tariffs on Turkish metals
by | Saturday, August 11, 2018

Trump doubles tariffs on Turkish metals

The US will have finally lost a large and strategically positioned North Atlantic Treaty Organisation ally. Turkey a year ago arrested a translator at the USA consulate in the southern province of Adana and...More..

US crude exports to India surge as China intake fades
by | Friday, August 10, 2018

US crude exports to India surge as China intake fades

For the same period, analysts expected crude inventories to decrease by about 3.3 million barrels. The White House said in a statement Monday that the United States will reactivate a slew of sanctions on Iran...More..

China ready to levy new duties if United States escalates trade war
by | Wednesday, August 08, 2018

China ready to levy new duties if United States escalates trade war

President Trump speaks during a campaign rally July 31 at the Florida State Fairgrounds Expo Hall in Tampa. In the meantime, signs of the trade war are creeping into the economic data. United States manufa...More..

Nooyi to quit as PepsiCo CEO; will remain Chairman till early 2019
by | Tuesday, August 07, 2018

Nooyi to quit as PepsiCo CEO; will remain Chairman till early 2019

Nearly exactly a year ago, Mondelez CEO Irene Rosenfeld announced she would be stepping down from the maker of Oreos and Cadbury, and in May Campbell Soup's Denise Morrison retired suddenly . "With demand fo...More..

Oil trades near $68 as inventory, Opec outputs weigh on market
by | Monday, August 06, 2018

Oil trades near $68 as inventory, Opec outputs weigh on market

A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. U.S. West Texas Intermediate ( WTI) crude CLc1 futures increased by 6 cents, or 0.1 percent, to $67.72 ...More..

United States unemployment fell to 3.9% in July
by | Sunday, August 05, 2018

United States unemployment fell to 3.9% in July

Economists had been expecting a far-stronger result of 190,000 new hires, but the July number looked smaller after strong upward revisions to gains in May and June . Strong demand from consumers and businesses...More..

White House says Trump's resolve is firm on China trade
by | Friday, August 03, 2018

White House says Trump's resolve is firm on China trade

According to China's Ministry of Commerce, the measure will come into force immediately if Washington starts to impose taxes on Chinese imports. China's imports from the United States a year ago totalled $1...More..