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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

China's September trade surplus with U.S. widens to record $34.13 billion

However, an oil trader told Reuters that refinery run rates have been on the rise last month, suggesting demand for fuels was improving. China's exports to the USA rose to $46...

Turkish prosecutor seeks 10-year jail term for United States pastor

He was swept up in the wave of arrests that followed the botched military coup in 2016, during which tens of thousands of people - including artists, intellectuals and ordinary Tur...

President Trump blames 'loco' Federal Reserve for October's big stock drop

The Fed, as you know, is gradually raising short-term rates to unwind the zero-percent rates it imposed in 2008-2009 to combat the financial crisis. Trump said he had no intent...

International Monetary Fund downgrades outlook for U.S., China as result of trade war

The fund also slightly lowered its forecast for Japan's economy to 1.1 percent growth in 2018, down 0.1 of a percentage point from an April estimate, but maintained a prediction ...

European Union officials warned to prepare for no-deal Brexit

As manufacturers of cars and other goods warn the Theresa May government of job losses and other impact of Brexit, a report promoted by former prime minister Tony Blair on Thur...

Tech stocks lead Wall Street slump as investors shun risk

Wall Street stocks plunged Wednesday, with major indices losing more than three percent in a selloff prompted by the sudden jump in United States interest rates. The FAANGs, spre...

US market 'correction' isn't surprising - US Treasury secretary

President Donald Trump said he believes "the Fed has gone crazy " amid recent interest rate hikes. The turmoil came a day after the International Monetary Fund slashed its glo...

International Monetary Fund raises Japan growth forecast, cuts global estimate due to trade tension

US President Donald Trump has accused China of deliberately manipulating its currency to gain a trade advantage, claims Beijing consistently rejected. Tobias Adrian, director o...

Yale And NYU Professors Share Nobel In Economics

Responding to press question about this year's prize and climate change , Romer said , "Optimism helps to motivate people". "Darn right they were sending a message", Warsh said...

'The Fed has gone crazy': Trump points finger for Wall Street tumble

It's so tight. I think the Fed has gone insane ", Trump told reporters as he arrived for a campaign rally ahead of the U.S. mid-term elections. A stock market correction is de...

Special Reports

Turkish Official: Saudis Used Bone Saw to Dismember Body of Jamal Khashoggi

Turkish Official: Saudis Used Bone Saw to Dismember Body of Jamal Khashoggi

The Post has obtained video recordings and other evidence showing how a group of 15 Saudi operatives entered the country on October 2, the day Mr. He moved to the U.S. mor...

Saudi Arabia to let Turkey search its Istanbul consulate

Saudi Arabia to let Turkey search its Istanbul consulate

Iran's Oil Minister this week brushed off "nonsense" claims by Saudi Crown Prince Mohammed bin Salman that Saudi Arabia can replace Iranian oil. No security footage has bee...

China stocks rebound as Beijing boosts policy support

China stocks rebound as Beijing boosts policy support

Conglomerate Metro Pacific Investments Corp., however, advanced 4 percent to P4.95, while Globe Telecom Inc., the second-largest telecommunications company, gained 2.6 percent to P...

International Monetary Fund slashes global growth forecasts

In a tweet, Mr Trump warned Beijing against seeking to influence the forthcoming U.S. midterm elections. Pakistan's foreign currency reserves dropped in late September to $8.4...

India hopes for US sanctions waiver after cutting Iran oil imports

India hopes for US sanctions waiver after cutting Iran oil imports

Two companies in India, which in the past have been big buyers or Iranian oil, have ordered barrels in November, according to India's oil minister. The grouping's June decision to ...

US Actively Considering Waivers on Iran Oil Sanctions

US Actively Considering Waivers on Iran Oil Sanctions

Speculators and hedge funds too were active in the market, making most of the volatility. Global benchmark Brent crude futures for December delivery fell 42 cents to settle at $8...

Indian Rupee Exchange Rate | Reserve Bank of India | American Dollar

Indian Rupee Exchange Rate | Reserve Bank of India | American Dollar

Economic Affairs Secretary Subhash Chandra Garg said the GDP growth is expected to be higher than the RBI's projection of 7.4 per cent for the current fiscal. Fed Chairman Jerom...

Oil rises ahead of US Iran sanctions

Oil rises ahead of US Iran sanctions

US West Texas Intermediate (WTI) crude futures were up just 1c at $75.24 a barrel. Brent crude oil futures were at $84.86 a barrel at 3.40am GMT, up 6c from their last clos...

U.S. unemployment rate falls to lowest level since 1969

U.S. unemployment rate falls to lowest level since 1969

But he said the very low unemployment rate also reflected an increase in the number not looking for work, who were not classified as unemployed. The last time the United States ...