Business

Tesla Plans To Build Most Advanced Factory In Shanghai

And its announcement said nothing about how it will pay for the venture. On the other hand, about 17 million vehicles are sold annually on the USA market. The c...


Libya force majeure on oil exports make prices skyrocket

Brent crude futures were at $77.82 per barrel, up 6 cents from their last close. Brent crude futures lost 85 USA cents to settle at US$77.39 a barrel. "Loomin...


China warns U.S. "opening fire" on world with tariff threats

Mr Gao said the USA tariffs were not so much targetting China as they were the entire global supply chain, as numerous products on the list published by the U.S...


Bali volcano eruption halts some flights

Airlines are now scrambling to clear the backlog of thousands of passengers disrupted by the eruption of Mount Agung on Bali. The eruption, which began on Thu...


Turkey's Erdogan, his alliance win presidential, parliamentary elections

Many critics say this year's military operation in Afrin, Syria, was primarily created to boost both Mr Erdogan's reputation and nationalist sentiment prior to...


Trump Threatens Tariffs on $200B in Chinese Goods

Companies would pay more for imported parts and would have to decide whether to absorb those higher costs - or pass them on to their customers. Navarro said C...


Kansas sheriff’s deputy dead, 1 in critical condition after shooting near courthouse

One Kansas sheriff's deputy was killed and another is in critical condition following a shooting near a courthouse in Kansas City on Friday. The shooting is u...


Fed raises key rate and sees possible acceleration in hikes

The Fed now sees gross domestic product growing 2.8% this year , slightly higher than previously forecast, and dipping to 2.4% next year , unchanged from poli...


Why South Korea has the most at stake after the summit

Col. Jennifer Lovett told TASS on Tuesday. On Monday evening, Pompeo said that the US' "ultimate objective" remains the complete denuclearisation of the K...


Porsche Taycan is the name for the production Mission E

Porsche has also confirmed a sub-3.5 sec 0-100kph and a sub-12 sec 0-200kph acceleration time for the Taycan , but exact data has not been disclosed as yet....


Petrol prices are set to drop around the country

State-run oil marketing firms have been lowering petrol prices since last one week although the rates continue to rule at unprecedented levels following the res...


Sears to close 72 more stores, sales fell

In the meantime, the company said it has identified 100 non-profitable stores, 72 of which will be closed in the "near future". In the same quarter a year ago...


Italy weighs new chances for gov't based on vote

The euro sank to $1.1577 from $1.1669. Against the Swiss franc, it fell by a similar margin at 1.1528 francs. Elior Group shares jumped over 6 percent after C...


Mexico to hit USA with tariffs on grapes, apples, blueberries

The swift reaction from Canada and Mexico raises the possibility of a trade war between close allies. The tariffs , set to take effect at midnight, happe...


Amazon blocks Australian shoppers from global sites over tax

Jeff Bezos' Bazaar told the Australian Broadcasting Corporation that from July 1, 2018, it will redirect Australian visitors to Amazon Australia - which is ...


'I'm Not Aware Of That': Starbucks Employees Receive Racial Bias Training

Starbucks will close more than 8,000 stores nationwide on Tuesday to conduct anti-bias training , the next of many steps the company is taking to try to re...


Amidst Uncertainties, US-North Korea Singapore Meeting Not Canceled

The KCNA statement said Kim and Moon agreed to hold high-level talks between their two nations on June 1, and to take steps to quickly implement their efforts t...


United States Oil Fund LP (ETF)(NYSE:USO): Oil Drops On Supply Fears

The cuts came as the global benchmark capped its first weekly drop since early April, sliding below $80 a barrel after Saudi Arabia and Russian Federation sa...


'Uphill Battle,' But Net Neutrality Defenders Say Victory in House Possible

Senate Democrats, led by Ed Markey of MA, used the Congressional Review Act-an oversight tool that permits Congress to repeal rulings made by agencies such...


Symantec stock plunges on internal investigation

The company also noted that it has won a large number of deals worth more than $5 million during the quarter. Goldman Sachs Grp Inc Inc stated it has 3.12 milli...


Ford Suspending F-150 Production Due to Plant Fire

Since there trucks don't have the same production volume as the more popular consumer models including the F-150, F-250 and F-350, the OH plant will be able t...


Job openings in U.S. jump to record 6.55mn in March

In March, it fell to 1. USA job openings surged to a record high in March, suggesting that a recent slowdown in hiring was probably the result of employers ha...


USA man eats 30000th Big Mac

Guinness World Records has recognised Gorske for the most Big Macs consumed since 2016, when his tally was 28,788. Gorske says he weighs 190 pounds and his bl...


Former VW CEO Martin Winterkorn indicted in MI

Winterkorn faces four counts, including conspiracy to defraud the United States and wire fraud. The charges were filed under seal in Detroit on March 14. In tot...


United States dollar climbs on positive inflation data

The U.S. central bank has been trying for years to lift subpar inflation - seen as a sign of anemic economic activity - to the central bank's long-run objective...


FAA Orders Emergency Inspections Of 352 Engines Following Deadly Southwest Incident

Though aircraft engine failures are very rare and the CFM56-7B engine has an otherwise excellent safety record, the two apparently similar engine failures have ...


Former 911 Operator Sentenced for Hanging Up on 'Thousands'

In another incident, a man said he called to report two vehicles racing on a highway where people had been killed speeding weeks earlier. The man called 911 and...


Takeda in talks to acquire drugmaker Shire

Takeda, led by Frenchman Christophe Weber, has been actively looking overseas for acquisitions. Societe Generale lowered their target price on shares of Shire ...


Southwest not inspecting all CFM engines, source says

Erin Muffoletto said Riordan was a fellow Chi Omega sorority sister whom she contacted during the economic crisis in 2008 as Muffoletto struggled to find steady...


US Supreme Court hearing case about online sales tax collection

In Quill , the Supreme Court reaffirmed that the dormant commerce clause prohibits a state from requiring an out-of-state retailer to collect and remit a state...