Economy

Daimler profit warning sends vehicle shares skidding

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Daimler profit warning sends vehicle shares skidding

A study in April by asset managers AllianceBernstein showed that German carmakers with big U.S. operations, such as Daimler, would be worse hit by proposed Chin...

Thousands take to London's streets demanding final say on Brexit

However, aviation giant Airbus warned on Friday it could pull out of Britain if it leaves the European Union without a deal, while carmaker BMW also warne...

Online shopping prices likely to rise after new sales tax ruling

Big-box retailers like Walmart , Target , and Costco, on the other hand, recorded modest gains. The state can now force all online retailers to collect the ...

Trump threatens 20% tariff on EU cars

Harley (HOG) says it is getting hit by tariffs twice: Once by the European Union import duty and once by a rise in raw material prices resulting from US steel...

Opec moves towards raising oil supply as Iran softens stance

Pradhan added. Some OPEC members have been opposed to a production increase, and others don't want to go as far as Saudi Arabia . Al Mazrouei said that OPE...

OPEC agrees modest hike in oil supply after Iran softens stance

Based on compliance in May, only Saudi Arabia has any real scope to add barrels and this would be to the tune of just 60,000 barrels per day, far less than it...

Tesla Sues Former Employee for $1 Million Over Data Theft and Sabotage

Tesla said it planned to prove exactly how much it deserved to receive in damages during the trial, but given the claims in Tesla's lawsuit , you can bet it'...

You can buy this Ferrari 250 GTO if you have £35,000,000

The Ferrari 250 GTO could be on the auction market for $65m. Widely revered as one of the ultimate collector's cars, the 250 GTO has claimed close to 300 ov...

Rat shreds million in notes after getting into ATM in India

The costly invasion in Assam state was only detected by bank officials after complained that the machine was faulty and had stopped dispensing cash, police in T...

Global shares rise, oil prices jump on OPEC news

Some analysts have said the production hike is not enough because of the USA sanctions against Iran and Venezuela. But since the group had gone well overboard a...

Airbus threatens to leave the United Kingdom because of uncertainty over Brexit

Airbus also says the now proposed transition deal that runs through December 2020 is too short for the company to reorganize its supply chain. If this news isn'...

Chevrolet Unveils 2019 Blazer

The Bow Tie brand choose to launch the Blazer in Atlanta because it is one of the biggest markets for Chevrolet in the USA we are told. " Chevrolet has b...

Saudi Arabia could see potential $10bn windfall from MSCI upgrade

MR Raghu, the managing director of managing director of Marmore Mena Intelligence, a research house that focused on business in the MENA region, said that he ex...

Airbus: 'No-deal' Brexit would be 'chaos at the borders'

The news was greeted by anger from Labour MPs. Meanwhile, Conservative MP Stephen Crabb described the news as a "wake-up call". Given Airbus' steep ramp-u...

Uber will raise the salary to drivers of electric cars

The idea is that drivers will be offered "direct monetary incentives" if they start driving an electric vehicle, though how much drivers are likely to receive w...

Italy's interior minister says Malta should take rescue boat

Italy's Interior Minister Matteo Salvini said that whether a united European Union "still exists or not" will be decided within a year, adding he is aware his s...

In Wayfair, SCOTUS leaves work for state courts

Later Thursday, Indiana officials reacted to the decision , with both Gov. Eric Holcomb and the Indiana Chamber of Commerce voicing their approval. The high...

Iran, Saudi oil ministers meet to avert showdown

If we lose a million bpd of output from Venezuela and Iran in the fourth quarter, where will all these barrels come from? The only route to a production boo...

CONSUMER ADVISORY: NHTSA Deems Tesla Aftermarket Accessory ‘Autopilot Buddy’ Product Unsafe

When drivers don't keep their hands on the wheel, the system is supposed to give visual and audible warnings. In the case of the Tesla, the system monitors stee...

United Kingdom outlines 'simple' process for European Union citizens after Brexit

Airbus says a no deal scenario would force it to reconsider its investments in the United Kingdom, and its long-term footprint in the country, severely undermi...

India Imposes Retaliatory Tariffs On US, Here's What's Targeted

On March 1, President Donald Trump announced that the United States would be imposing a 25 percent global tariff on all steel imports to the US and a 10 per...

After India, now European Union slaps additional tariffs on the US

It is a $241 million measure that matches the amount of steel and aluminum import duty expected to be collected from India by the United States after the Trum...

Bank of Maharashtra CMD arrested in loan default case

Besides them, the Economic and Offences Wing ( EOW ) teams arrested Rajendra Gupta , executive director, BoM, Sunil Ghatpande, D.S. Kulkarni's chartered accoun...

Airbus considers pulling out of United Kingdom in no-deal Brexit

We have sought to highlight our concerns over the past 12 months, without success. "Far from Project Fear , this is a dawning reality for Airbus", he said. Dar...

Energy Stocks To Watch Ahead Of OPEC Meetings

Oil prices fell on Thursday as crude exporters in Opec appeared to be nearing a deal to increase production. The talks, held as the cartel hosted an worldwide e...

India hikes import duty on United States goods

The notification, however, says that these higher tariffs would come into effect from August 4, leaving room for further discussions between the USA and India...

Bank of England votes 6-3 to hold interest rates at 0.5%

Chances of an August rate rise were boosted, however, after the Bank's chief economist Andy Haldane voted to raise the borrowing cost to 0.75%. Minutes from t...

Intel CEO Resigns Over Affair With Employee

Krzanich's resignation "comes at a hard time for Intel ", said Cowen analyst Matthew Ramsay in a note to investors. Bottom line: Intel only recently foun...

Trump's German crime claims off mark, again

He wants her to turn away migrants who are already registered in other European Union countries, a contradiction of Germany's current policy. Chancellor An...

China accuses Trump of 'blackmail' after new tariffs threat

Trade Representative Robert Lighthizer to suggest $200 billion worth of Chinese goods on which the U.S. could impose a 10 percent tariff. The US-China trade f...

Audi CEO Rupert Stadler Arrested Over VW Emissions Scandal

However, the Audi spokesperson suggested that in this case, the presumption of innocence continues to apply. Between 2007 and 2015, Volkswagen , Audi, and P...

GE, the last 19th century member, kicked out of Dow

It will be replaced by Walgreens Boots Alliance ( WBA ). Boston-based GE was an original member of the Dow Jones industrials dating back to 1896. GE's lackl...

Hundreds of Toys 'R' Us employees to lose their jobs

Toys R Us in the United States first sought bankruptcy protection in September a year ago, but by May it announced it would close or sell its 885 stores after f...

Oil prices have become unsustainably high: Dharmendra Pradhan

Bailey, however, said he anticipates the level of production will likely hold, because oil giants like Saudi Arabia - the de facto leader of OPEC - don't want...

Glitch hits Telstra wholesale customers

As reported by News Corp Australia , the disruptions saw mobile internet and voice services affected in a number of cities, including Sydney, Melbourne, Adelai...