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Trump declares oil prices too high, blames OPEC

Trump (@realDonaldTrump) April 20, 2018Bloomberg and Reuters reported last week that Trump requested that Organization of Petroleum Exporting Countries members, such as Saudi Arabia, increase their oil production. Analysts attribute the rise in p...

Toyota Plans Billion-Dollar Investment in Ride-Hailing Startup Grab

Japan's top automaker Toyota Motor Corp is investing US$1 billion in Grab, the leading ride-hailing company in Southeast Asia. Toyota has installed its data recorders in Grab-operated rental cars to collect driving data - a similar strategy it ha...

Dixons Carphone reveals it has uncovered unauthorised access of customer’s data

Last month Dixons Carphone warned on profits and said it would have to close shops, wiping more than 500 million pounds off its market value. However, it added that the company said it had notified card providers to 105,000 non-EU issued cards whic...

US Court Approves $85Bln AT&T Merger With CNN Owner Time Warner

The ruling brings to an end a six-week antitrust trial which heard regulators argue that the deal, worth $85m (£63.5m), would give AT&T undue leverage against rivals that rely on Time Warner content. "You've got the courts flashing a green light". ...

Most senior military officials caught off guard by Trump "war games" announcement

Veterans of Foreign Wars (VFW), NPR noted, sent a letter to President Donald Trump back in June this year, urging him to make the issue part of the president's negotiation with North Korea's supreme leader. Nam said Seoul welcomed the news that...

Final preparations underway ahead of landmark Trump-Kim summit

Trump, who arrived Sunday night, tweeted Monday morning: "Great to be in Singapore , excitement in the air!" The sudden change in schedule added to a dizzying few days of foreign policy activity for Trump, who shocked USA allies over the weekend w...

International House of Burgers: 'IHOP' becomes 'IHOb'

But Burger King was silent on social media. Dine Brands Global Inc. -owned IHOP captured the attention of the internet last week with a tweet announcing the coming name change. Others had more fun, speculating that the B stood for bitcoin o...

Britain's Poundworld goes into administration, putting 5,100 jobs at risk

Clare Boardman, joint administrator, said: "The retail trading environment in the United Kingdom remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business". Other parties named as possible b...

FCC leader promises better Internet as net neutrality rules expire

The concern among net neutrality advocates is that the repeal could give internet providers too much control over how online content is delivered. In Montana and NY, governors signed executive orders that uphold the Obama-era net neutrality regul...

North Korea talks moving 'more quickly than expected'

Despite the initial high stakes of a meeting meant to rid North Korea of its nuclear weapons, the talks have been portrayed by Trump in recent days more as a get-to-know meeting. "Kim can authorize or approve a missile strike while he is away", M...

Musk Madness: People Are Already Wreaking Havoc With Elon’s Flamethrowers

Here's a closer look at Musk's many ventures and projects. Billionaire space exploration hobbyist and business magnate Elon Musk held the hottest party in Los Angeles over the weekend. "Apparently, some customs agencies are saying they won't allo...

Your internet use could change as ‘net neutrality’ ends

But both of these approaches are expected to lead to court challenges by the FCC, whose new policy on net neutrality contains explicit language that tries to preempt states from doing exactly what the legislation and executive orders are meant to d...

Bitcoin hits two-month low after South Korean exchange hacked

Coinrail only said that it was cooperating with investigators and other exchanges to try and track down the perpetrators and recover the assets. Bitcoin (BTC) and Ethereum (ETH) Plummet - Over the weekend, $42 billion was wiped off the cryptocurr...

Burger joints start social "beef" with "IHOB"

Last week , we speculated that maybe the b was breakfast, or brunch - or beets. It's just to promote a new selection of burgers IHOP , sorry, IHOb has rolled out. Steak n' Shake, which has been offering its signature Steakburgers since 1934, tw...

Trump takes more swipes at Canada and Trudeau after tense G7 summit

Experts say the Trudeau spat and the likelihood of tariffs from the European Union and Canada will result in a trade war. In fact, Kudlow suggested in his appearance on CNN that Trump's anger at Trudeau is an act for an audience of on...

White House economic advisor says Justin Trudeau ‘stabbed us in the back’

German Chancellor Angela Merkel , late Sunday , called Trump's revocation of support for the G7 joint communique "sobering and a little depressing", while adding, in a rare one-on-one interview with ARD public television, "but that's not the end" ...

BT boss Gavin Patterson stepping down to quell shareholder frustrations

Outgoing chief executive Mr Patterson said he was "immensely proud" of what the company has achieved, citing the launch of BT sport , its acquisition of EE and the agreement for a more independent Openreach. "The broader reaction to our recent resul...

Winner of $315 million Powerball jackpot comes forward

He found out he was the victor the next day. Souami, 55, had some work to do in the yard, but he also wanted to get his auto washed while his wife stayed at their home in Little Ferry, preparing meals for the week. "It's not so easy to quit just like...

Trump arrives in Singapore for historic summit

The first word Kim is in Singapore for Tuesday's summit came early Monday morning. Dressed in identical in black suits, with lapel badges of former North Korean leaders, the two, flanked by Singapore police, were busy getting into the best po...

Verizon Picks Hans Vestberg to Succeed McAdam as CEO

Verizon named Chief Technology Officer Hans Vestberg as its new CEO on Friday, surprising analysts and signaling the largest United States wireless company's priority is building the next-generation 5G network, not expanding further into media con...

Trump issues warning to trade partners over retaliatory tariffs

Prime Minister Justin Trudeau is hosting the world's most powerful countries at the two-day summit in La Malbaie , in Quebec's Charlevoix region. The G7 joint communique, which advocates a "rules-based trading system", was reached despite tens...

Kentucky Fried What? KFC will test a vegetarian alternative in UK

The chain announces a plan to test the new recipe to its customers within this year. If successful, KFC is touted to be the very first among the big fast-food chains to offer faux chicken meat on its menu. Meanwhile, KFC's USA team has indicated to...

Oil Prices Rise On Ongoing Venezuelan Supply Trouble

According to a report published Tuesday by Bloomberg News, the US government has issued a direct appeal to Saudi Arabia and other members of the Organization of Petroleum Exporting Countries to put more oil on the market. Now the U.S. is aski...

G7 leaders vow rapid response to Russia's hostile interference

The late arrival at a session, where the G7 leaders were discussing gender equality and women's empowerment sparked concerns that the United States president might not participate at all in Saturday's meetings. In footage of the pair, Trump said of M...

After days of insults, Trump and Trudeau pal around at G7

Despite being at odds with other countries at the G7 in Canada , Trump rated his relationship with their leaders as a "10" - naming Germany's Angela Merkel, French president Emmanuel Macron and Canada's Justin Trudeau , but not the UK's Prime M...

US reaches deal with China's ZTE, says Wilbur Ross

Last year, ZTE settled the case with the USA government, promising to pay $890 million in fines and punish dozens of ZTE executives who orchestrated the illicit technology sales. At the same time, it continued to ask the US government to lift the ban...

Apple plans to make 20% fewer new model iPhones this year - Nikkei

Apple may be anxious that its next iPhones won't be as popular as its last. Additionally, Apple's suppliers were also affected by this, with the shares of Dialog falling 4.1 percent while those of AMS falling by 6 percent. US -based suppliers Ad...

Flying auto startup backed by Google founder offers test flights

Image: No price has been specified for the flying vehicle. Initially focused on personal recreation, the small aircraft has a wingspan of 13 feet and takes off vertically (VTOL) via 10 independent lift fans. Kitty Hawk said that at 15 meters (50 f...

Trump calls for Russian Federation to be readmitted to G7

But since coming to office in January 2017, Trump has pulled the United States out of the Paris climate accord, the Iran nuclear deal and the TPP Pacific free trade deal. Trump has long called on Canada to stop protecting its dairy farmers from...

Goodbye Mission E, Hello Porsche Taycan

The Porsche is expected to have a similar price to the Model S too, somewhere north of $80,000. Like it? Love it? Though Maroon 5 frontman Adam Levine already took a crack at it , and a small cadre of the automotive press got to drive a protot...

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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...