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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 over the past few years, has been hacked for the third time in 12 months...

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 operations, including changing code in the company's manufacturing s...

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 China deepens, Trump has raised trade tensions on other fronts. "Further a...

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 he will be remanded is ongoing". Audi's supervisory board has yet to sig...

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 protectionist measures that harm China's interests, we will make an imm...

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. That would encompass roughly 90 percent of the $505 billion worth of ...

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 Videocon loan, in 2017, turned into a non-performing asset (NPA). Ko...

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 worldwide pressure to address the issue of plastic straws, which are to...

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. According to McDonald's, the new straws will use paper from certified...

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 drivers attended a driver registration day on Wednesday'. Its worldwid...

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 data showed United States economic strength. That sought to lower bor...

Trump puts 25% tariff on Chinese goods

China said it wants to place new duties on items such as farm products, autos and seafood starting on July 6. The remainder of the $50 billion is still to be decided. "The mentality of the Trump team is a little unusual", said Andrew Polk, co-found...

Rolls Royce confirms plans to cut 4600 jobs

The Derby based company, whose engines are used in Airbus and Boeing aircraft, said the latest cuts would produce annual savings of £400 million. A Rolls-Royce engine is pictured on a Boeing 787-9 Dreamliner on September 17, 2013. East, who built t...

Manchester's N Brown is to consult on closing 20 High Street stores

A spokesman for N Brown said the tough retail climate accelerated the decision, but added the move was part of the firm's strategy to become a purely online retailer. The good news is N Brown's "Power Brands", the drivers of long-term growth, grew by...

Can Donald Trump Lower Gas Prices? President Lashes Out at OPEC

Longer term, the market could tighten as demand increases if OPEC fails to cover supply shortfalls , the International Energy Agency said. The two nations want to put pressure on Opec producers to keep prices under control, he said in New Delhi...

Trump tariffs against China; Spain suffering from tariffs

The US is bring the world's leading economic powers ever closer to a protectionist trade war as the Trump administration prepares to announce a new list of products from China to be targeted with a 25 per cent duty. Reacting to Trump's latest ann...

One officer killed, another critically injured at Kansas City courthouse

A third person, the suspect, was also shot. Authorities say they are not searching for any other suspects at this time . The investigation into the shooting is continuing. The Associated Press reported that one sheriff's deputy had been killed and ...

Billions in new tariffs signal start of US-China 'trade war'

The U.S. tariffs are a response to China's aggressive attempts to challenge U.S. technological dominance, including outright theft of trade secrets and forcing U.S. The immediate impact of tariffs on USA growth is expected to be relatively small,...

Criminal charges filed against Theranos's Elizabeth Holmes, Ramesh Balwani

Attorney Alex G. Tse, who won the indictment from a grand jury in the Northern District of California. The charges against Holmes, 34, and Ramesh " Sunny " Balwani, 53, were announced shortly after the privately held company said that she was ste...

American Airlines cancels hundreds of flights due to technical issue

American Airlines has not said what caused the issue. American, which is based in Fort Worth, Texas, has been moving passengers to flights on its main jet operations or other regional carriers. "We experienced a brief technical issue impacting se...

Elon Musk's Boring Company Wins Bid to Build Transit System for Chicago

Exact project costs and construction timelines will be negotiated with the contract. The mayor's office said the project would be funded entirely by Musk's company, with no taxpayer funding. Mayoral spokesman Grant Klinzman told GeekWire in a tw...

SEC announces cryptocurrency ether is not a security

Ether investors got a reprieve Thursday when a top USA regulator said transactions involving the token aren't subject to federal securities rules, ending months of speculation that had weighed on the second-most valuable digital currency.

McDonald's to test alternatives to plastic straws in US

McDonald's has revealed it will replace plastic straws with paper ones at its United Kingdom and Ireland restaurants. British officials will launch later this year a public consultation for a potential bill banning the sale of the single-use plasti...

Kellogg issues massive Honey Smacks recall over Salmonella risk

There have been no deaths reported so far. The CDC said that the majority of the outbreaks have taken place in California, Massachusetts, New York, and Pennsylvania. No other Kellogg products are included in the recall. The recalled 23-ounce packa...

Trump announces tariffs on $50 billion of China imports

The White House has said that Xi's response is encouraging but that the USA would not relent in proposed tariffs until the Trump administration sees "concrete actions from China". Ron Moore, who farms 1,800 acres of corn and soybeans in Roseville...

No 2-bedroom rentals anywhere on minimum wage

New Orleans residents need on average to earn at least $19.15 per hour to rent a two-bedroom apartment in the city and live comfortably, a report out Wednesday shows - about 61 cents more than they needed a year ago. The city is one of many now buc...

Apple likely to reduce iPhone production this year

A new report from Forbes reveals the schematics of upcoming iPhones in which a larger variant with a triple camera lens and a cheaper iPhone which is acclaimed to be termed as the budget iPhone have been witnessed. Apple will reportedly launch th...

GREAT AGAIN: Fed RAISES 2018 Economic Outlook, HIKES Interest Rates

Borrowers are likely to see higher bills next month on credit cards and mortgages, especially those with adjustable rates. It's the second rate hike under Powell, a Republican appointed to lead the Fed by President TrumpDonald John TrumpWhat you ne...

Tether Directly Used to Manipulate Bitcoin Price, Finds Study

The flow clusters below round prices, induces asymmetric autocorrelations in Bitcoin, and suggests incomplete Tether backing before month-ends. Writing in a 66-page report titled "Is Bitcoin Really Un-Tethered?", Griffin and Shams argue that teth...

Italy Summons French Envoy After Macron Blasts Refusal to Accept Migrant Ship

Italy's rejection of a migrant ship is shameful but the responsibility lies with Europe as a whole, United Nations refugee chief Filippo Grandi told Reuters on Wednesday. Salvini insisted Tuesday that the country's ports would no longer be open to ...

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Breaking News

Elon Musk explains why he's thinking about taking Tesla public

The company had a market value of $58 billion as of Monday's close. Basically, I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distrac...

Elon Musk tweets he has funding to take Tesla private

In a second tweet on Tuesday, Mr Musk said taking the company private would not lead to a single dominant shareholder. " Funding secured ", the tweet added, offering no furth...

Dead fetus reportedly found on plane at LaGuardia Airport

The fetus was found on board an American Airlines flight Tuesday morning. But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under s...

Facebook asks major US banks to share customer data

At least one large USA bank has walked away from talks in light of the ongoing investigations into Facebook's data sharing practices, says the WSJ . The company is aiming to boos...

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 ...

Special Reports

RBI monetary policy: Repo rate hiked by 25 bps

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

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

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

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...

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...