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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.

Federal Bureau of Investigation urging people to reboot routers, due to malware threat

Law enforcement authorities are investigating a report that a malware system from Russian Federation infected routers in the U.S. The malware is able to collect information , exploit devices, block network traffic and render routers inoperable.

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Breaking News

Iraq confident of OPEC deal to raise oil output

Brent oil prices rose 1% to 74.03 in London trading on Friday. OPEC member Ecuador's oil minister Carlos Perez said he expects an increase of about 600,000 bpd. A production i...

European Union retaliates against Trump’s metal tariffs

In trade wars, there tend to many casualties and few winners. China implemented a 25 percent duty on most US pork items on April 2, and a 15 percent tariff on a range of fruit...

Oil prices rise ahead of OPEC’s June 22 meeting

The recent surge in crude oil prices have increased India's oil import bill and burdened the trade deficit. "It will be a hard meeting today". Russia , which isn't a member of...

Trump threatens new tariffs on Chinese imports

These tariffs are not set to come into effect until July 1, as consultation on the final list ended late last week. "One benefit of employing a CGE model is that it can model t...

Supreme Court's Wayfair tax decision sidelines Quill

While the court made clear that the states do not have unlimited power to require sales tax collection, "The court blessed South Dakota's law", said Carl Davis, research di...

U.S. Oil Prices Slip a Bit Before OPEC Meeting

Tensions between Iran and Saudi Arabia broke out days before OPEC's meeting on Friday in Vienna , with Tehran indicating it would probably not abide to the cartel's plans to c...

EU to impose duties on US imports after Trump tariffs

This report comes after the European Commission announced it approved initial retaliatory tariffs on USA exports worth €2.8 billion ($3.2 billion). The EU retaliatory tariffs wi...

Microsoft slammed for ICE contract, amid child separations

Video: Satya Nadella: The whole world is now a computer. There have been numerous reports of United States immigration separating immigrants entering the U.S. "I consider mys...

After $31 million hack, crypto exchange Bithumb halts withdrawals

South Korea's biggest cryptocurrency exchange Bithumb , which has been the most trusted digital asset trading platform within the country alongside UPbit, Coinone, and Korbit ov...

Elon Musk launches investigation into sabotage at Tesla

According to Reuters , Musk emailed a number of staff on Sunday night (17 June) warning of an individual that has conducted "quite extensive and damaging sabotage " to Tesla's...

Special Reports

Trump promises Apple he won’t put tariff on iPhones

Trump promises Apple he won’t put tariff on iPhones

More American targets are likely to follow as soon as the Trump administration follows through with publishing an expanded tariff list. Even as the USA trade conflict with Chi...

China announces equal penalties to retaliate for US tariffs

China announces equal penalties to retaliate for US tariffs

The Trump-led tariffs apply to almost 1,100 Chinese exports ranging from automobile and manufacturing hardware to aerospace and robotics. "If the USA takes unilateral and pr...

Audi CEO Rupert Stadler arrested over diesel emission cheating scandal

Audi CEO Rupert Stadler arrested over diesel emission cheating scandal

The group also said that an investigation is now ongoing and it is yet to be determined whether Stadler would be remanded following the arrest. "The hearing to determine whether h...

Chanda Kochhar to go on leave till completion of enquiry: ICICI Bank

Chanda Kochhar to go on leave till completion of enquiry: ICICI Bank

Even in the case of PNB, Reserve Bank of India governor Urjit Patel reportedly told a parliamentary standing committee that the board had failed in its supervisory role. ICICI's ...

Trump threatens additional $200bn in tariffs on China

Trump threatens additional $200bn in tariffs on China

China's commerce ministry said Beijing will fight back with "qualitative" and "quantitative" measures if the United States publishes an additional list of tariffs on Chinese goods....

McDonald’s switching to paper straws in U.K., Ireland

McDonald’s switching to paper straws in U.K., Ireland

The roll out, which is set to begin in September, will apply to its 1,361 restaurants across the United Kingdom and Ireland. Friday's announcement is apparently a reaction to ...

McDonald's to replace plastic straws in all United Kingdom restaurants

McDonald's to replace plastic straws in all United Kingdom restaurants

Several companies around the world have opted out of single-use plastic products in an effort to reduce the amount of plastic being thrown out and ending up in landfills or oceans....

Ride-sharing Giant Didi Chuxing Goes to Australia

Ride-sharing Giant Didi Chuxing Goes to Australia

According to a Didi Chuxing spokesperson: 'What I can say is that Melbourne drivers are continuing to respond exceptionally well to the product we are offering.in fact, almost 100...

European Central Bank announces end of bond buys, sees rates stable until summer 2019

European Central Bank announces end of bond buys, sees rates stable until summer 2019

The S&P 500 has edged up and the Nasdaq has reached another record closing high after the European Central Bank said it would avoid raising interest rates until mid-2019, and...