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Deutsche Bank CEO Says Staff Are ‘Sick and Tired’ of Bad News

Many of you are sick and exhausted of bad news. The secret and rare designation from the Fed took place about a year ago and forced Deutsche Bank to dial back its risk taking, The Wall Street Journal reported on Thursday . "The bank has failed t...

Sears to close 72 more stores

Sears is also looking to sell its Kenmore brand in an effort to raise some ready cash after selling off its Craftsman brand a year ago. The release said recent store closures contributed to almost two thirds of the decline. The company sa...

Fiat plans new 500e and 500 Giardiniera wagon

FCA promised eight models in the lineup, aiming to turn Chrysler into a volume brand that would have rivaled Chevrolet and Ford . The namesake Fiat and Chrysler brands of automaker FCA will be undergoing some major changes between now and 2022, ...

MSCI Could Cap Brazil, India Weights in EM Indexes

Global index provider MSCI Inc . added around 230 mainland-listed Chinese stocks to its flagship Emerging Markets Index, and other indexes, a move expected. Domestic China A-shares have been added to MSCI regional indices for the first time toda...

Malaysia's Petronas to take 25% stake in Kitimat, B.C. LNG project

Petronas has always maintained its commitment to monetising its Canadian gas resources despite pulling the plug last July on its planned Pacific NorthWest LNG project at Port Edward in British Columbia. PetroChina, Mitsubishi and Kogas are the othe...

Google reported to stop working on Maven, its government-licensed AI tech

Google plans to honour what is left of its contract on Project Maven , the person said . It's unclear specifically which certificate the email refers to, but Project Maven was established in April 2017 and Google was proud to announce a provisi...

The Economic Risks of Trump's Premature Tweeting

Only a select few officials, including the labor secretary, the head of the president's Council of Economic Advisers, the treasury secretary and the Fed chairman, are told prior to its release for fear that a leak could give some investors an unfair ...

Visa payments not working as system crashes in UK

Banks and shops in the United Kingdom took to Twitter to alert customers about the disruption. On Friday, June 1, 2018, just as most banks were closing for the weekend across Europe , the debit card system provided by Visa went into meltdown .

Singapore Airlines to launch epic 19 hour flight

Presently, the longest flight in the world is the Qatar Airways 921 which takes off from Auckland and lands at Doha , taking 17 hours and 40 minutes. The variant was designed specifically with Singapore Airlines in mind , and the airline will b...

FTSE slumps as Italy crisis hits European markets

European stocks tumbled on Tuesday as investors weighed political uncertainty in Spain and the prospect of fresh elections in Italy, which could serve as a referendum on its euro membership. dollar on Tuesday but by Wednesday things looked to be ...

Tesla Model 3 earns Consumer Reports recommendation with brake update

Its biggest beef appeared to be long stopping distances in emergency braking tests. It was making about 2,000 a week earlier this month, but Musk has said he hopes to reach 5,000 a week by midyear - a level that he says is necessary for Tesla to en...

Waymo to get more than 60,000 cars from Fiat Chrysler for robotaxis

The company is already testing a small fleet of completely autonomous taxis in Arizona. The company emphasized that talks were in an early stage. "Strategic partnerships, such as the one we have with Waymo, will help to drive innovative technolog...

Trump moving ahead with plan to slap tariffs on Chinese goods

However, the USA has yet to publish a list of target products for the US$100 billion, and the White House statement on Tuesday made no reference to the second potential tranche of duties. That deal was separate from the U.S. investigation into Ch...

Populist PM to lead new Italian government

Attention has shifted away from Italy and toward President Trump's threat of a trade war with Europe . This is the case that Italy's mainstream politicians should be pressing. A day after the possibility of a governing coalition between the a...

Trump to impose steel, aluminium tariffs on EU

Dow Jones components Boeing (BA) and Caterpillar (CAT), heavy steel users vulnerable in a trade war , fell more than 1%. European Union officials previously informed the World Trade Organization of the bloc's plan to levy duties on $7.2 billio...

Starbucks Closes Shops For Afternoon Of Anti-Bias Training

The training took place weeks after two black men were arrested at a Philadelphia store after one asked to use the bathroom before he had made a purchase. That follows comments from Starbucks Chairman Howard Schultz said he didn't want people to ...

Trump Plans to Go Ahead with Steel, Aluminum Tariffs on EU

Canadian Prime Minister Justin Trudeau said the Trump administration's argument that the tariffs were necessary for national security reasons was an "affront" to Canada , which has fought alongside the U.S.in numerous armed conflicts. That came ...

Banking services impacted as PSU staff go on 2-day strike

The employees are angry over a mere 2% hike they received in 2018 (effective November 2017) as part of the five-year cycle that sees their salaries getting adjusted for inflation periodically. In a regulatory filing, State Bank of India, the countrys...

Canada Purchases Trans Mountain Pipeline from Kinder Morgan

Finance Minister Bill Morneau has proposed sacrificing Canadian taxpayers to bail out an uneconomic USA pipeline owned by former Enron executives. "And if you can't move these mountains, so to speak, to get this project done, then take it over and do...

Clinic for Cryptocurrency Trading Addicts Opens in Scotland

To be precise, the treatment will be overseen by the Castle Craig Hospital in Peeblesshire where addicts can learn to cope with their gambling issues. " Cryptocurrency addiction is a behavioural addiction, similar to gambling addiction, and disrup...

Amazon to block Australian shoppers from its U.S. website

After that date, Aussie customers who attempt to visit the U.S. version of Amazon or any of Amazon's overseas sites will find themselves redirected to Amazon's Australian site, which offers a much smaller selection of items. Shares of local e-commerc...

Can Di Maio and Salvini still form a coalition government?

Events came to an explosive head on Sunday when President Sergio Mattarella rejected the populist parties' call for Paola Savona to be appointed as economic minister. "I want this institutional crisis to be taken to parliament. and the president tr...

OGRA recommends Rs8.37 hike in petrol price

Officials have talked about introducing some "long-term" solution without giving details. In a move that gives credence to the suspicion that the Centre continues to interfere with the pricing of fuel even after deregulation, state-owned oil market...

Federal government spending $4.5B to buy Trans Mountain pipeline, BC terminal

Gladu said it's particularly frustrating from Sarnia-Lambton's perspective after Ottawa denied funding for key projects. "Part of that plan included three elements, one, an absolute cap on oil sands emissions, two, a price on carbon that would ap...

Trump hits Canadian steel, aluminum with tariffs

Study says auto tariffs will cost 157K jobs MORE on Thursday said President TrumpDonald John TrumpKoch brothers company tweets support for Kim Kardashian after Trump meeting Romney reveals he wrote in wife's name for president in 2016 Pompeo has ...

Trump hits China with $50B tariffs, investment restrictions

President Donald Trump said Tuesday he is moving to finalise trade sanctions against China even as a USA delegation is set to travel to Beijing for talks to resolve the dispute. Chinese and U.S. flags are set up for a signing ceremony during a visi...

Krispy Kreme Owner Bets Americans Will Eat at Pret A Manger

Luxembourg-based JAB Holdings is set to buy British sandwich chain Pret A Manger for 1.5 billion pounds ($2.0 billion), including debt, from its private equity owners, the Financial Times reported late on Monday. Reuters reported previous year tha...

Thousands of Starbucks stores close early for company-wide anti-bias training

Employees will talk about their own experiences, and watch a film about bias. "It makes it look like they're trying to, you know, quiet the storm", Metcalf said outside a closed-for-training Starbucks. Schultz, Starbucks' executive chairman, said...

Joy and fury as Albertans react to federal government’s pipeline purchase

Vancouver Mayor Gregor Robertson calls the pipeline an unacceptable risk that threatens 10,000 jobs in the harbor. "Today's events do not change the risks of a seven-fold increase in tanker traffic, or the catastrophic effect a diluted bitumen spil...

Crude oil prices, dollar rates causing fuel price hike: Dharmendra Pradhan

With the latest hike, petrol price touched Rs 78.43 per litre in Delhi and Rs 86.24 per litre in Mumbai. Petrol prices across the four metros have been increased by over Rs 3 per litre in the past 16 days, leading to a political slugfest.

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Breaking News

PepsiCo CEO Indra Nooyi steps down

Her run will end on October 3rd after 24 years with the company. Laguarta will take over on October 3 and will also join the board, the company said in a statement . "She has d...

Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

McGregor , speaking with TMZ, revealed a deal for his comeback fight was near to completion nearly two years since his last appearance in the octagon. "For Khabib, who is undefeat...

White House adviser warns China 'better not underestimate' Trump on trade - worldwide

China proposed a 25 percent tariff on imports of copper ore and concentrate from the USA , which shipped about 70,000 tons to the country a year ago . The commerce ministry issu...

Oil edges lower as supply concerns return

Traders said prices rallied early when industry information provider Genscape reported that crude inventories at the Cushing, Oklahoma, delivery hub for USA crude, dropped 1.1 m...

Spanish pilots union sues Ryanair over contracts

A month earlier in a memo seen by Reuters Ryanair said time-off duties for the pilots committee remained an issue but there was little between the two sides and it was hopeful of...

USA employers add 157,000 jobs, jobless rate slips to 3.9 percent

Manufacturing gained 37,000 jobs, driven by durable-goods and transportation companies. But, as with small businesses, manufacturers are having trouble filling job openings, she ...

RBI monetary policy: Repo rate hiked by 25 bps

Mumbai: Home, auto and personal loans are set to get costlier as the Reserve Bank of India on Wednesday raised the repo rate , the rate at which it provides funds to banks, by ...

Record Iranian oil imports for India in July

Purchases from Iran could slow from August as imports from Tehran are getting tougher after the United States in May pulled out of a 2015 nuclear deal and announced the renewal...

Oil Prices Drop as U.S. Inventory Grows

U.S. efforts to cut Iran's oil exports are expected to contribute to global oil price volatility in the short term, according to the International Energy Agency. EDT (2030 GMT) ...

That’s trillion with a T-Apple hits market value of $1 trillion

He's right. It's extremely hard to avoid comparing Apple's good fortunes with the recent slump at Facebook , which can be crudely summed up as the result of the social networ...

Special Reports

USA considers higher tariffs on $200 billion in Chinese imports

USA considers higher tariffs on $200 billion in Chinese imports

The dynamic has proved hard to change, given USA consumers' reliance on Chinese goods. Two trump administration officials told reporters on a conference call that Trump remains...

China Plans Tariffs on $60 Billion of U.S. Goods

China Plans Tariffs on $60 Billion of U.S. Goods

China's Commerce Ministry said in a seperate statement Beijing's new set of proposed import tariffs on United States goods were rational and restrained. Beijing's earlier penalty ...

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo met with Turkish Foreign Minister Mevlut Cavusoglu in Singapore during a security conference in Southeast Asia. The administration is also seeking the release of several d...

China threatens new tariffs on $60 billion worth of U.S. goods

China threatens new tariffs on $60 billion worth of U.S. goods

The commerce ministry threat came after Wang met with US Secretary of State Mike Pompeo at a meeting of the Association of Southeast Asian Nations (ASEAN) in Singapore on Friday. "...

Apple is the first $1 trillion company in history

Apple is the first $1 trillion company in history

Started in the garage of co-founder Steve Jobs in 1976, that Apple has pushed its revenue beyond the economic outputs of Portugal, New Zealand and other countries, reports Reute...

Bank of England raises interest rates to 0.75%

Bank of England raises interest rates to 0.75%

The RBI today increased repo rates by 25 basis points to 6.5%, the second hike in two months, making housing and automobile loans costlier. An RBI repo rate hike usually sees...

Apple becomes world's first trillion dollar company

Apple becomes world's first trillion dollar company

During the day, the share price of the iPhone maker jumped by 2.8% to $207.05, passing the $1tn (£762bn) mark in NY trading. Apple just became the first U.S. "It's one of thos...

Tax Free Weekend in Missouri Set for August 3-5

Tax Free Weekend in Missouri Set for August 3-5

Sunday, Aug. 5. In April, Gov. Scott Walker used a partial veto to extend the period to five days. The Ohio Senate unanimously approved a bill earlier this year that made the t...

Chipotle shuts OH restaurant after reports of illness

Chipotle shuts OH restaurant after reports of illness

More than 400 people said they fell ill after eating at an Ohio Chipotle that is thought to be at the center of an illness outbreak , according to a website that tracks foodbo...