Economy

Didi suspends carpool service in China after rape and killing of passenger

Didi suspends carpool service in China after rape and killing of passenger The company has apologised, saying it has "inescapable responsibility" for the incident. Didi Chuxing, China's largest ride-hailing company, said in a statement that it was "immensely saddened by the tragedy", adding: "We are deeply sorry". [Full Article...]

Trump terminating NAFTA, negotiating with Canada

Mexican president Pena Nieto tweeted: "I spoke with Canadian Prime Minister Justin Trudeau on the state of the NAFTA negotiations and the progress made between Mexico and the United States". If not, Trump will advance the deal with Mexico and leave Canada behind. Here's the original moment, in which a perplexed Trump is seen pushing buttons on the telephone in the Oval Office and saying ... [Full Article...]

Canada re-enters NAFTA talks with 'little' bargaining power

Canada re-enters NAFTA talks with 'little' bargaining power Still, an accord between the USA and Mexico is the biggest development in talks that began a year ago, punctuated by Trump's repeated threats to quit altogether. Canada and Mexico are the U.S.'s second- and third-biggest trading partners, respectively, and an important destination for USA exports. The Trump administration said the deal improves labour provisions, in part by requiring 40-45 p... [Full Article...]

Toyota invests $500M in Uber as companies team on self-driving vehicles

Toyota invests $500M in Uber as companies team on self-driving vehicles The investment was said to value Uber about $72 billion, and would come after the smartphone-summoned ride service throttled back its solo effort to develop autonomous vehicle technology. Authorities determined the sensors on Uber's self-driving auto sensors spotted the pedestrian, 49-year-old Elaine Herzberg, but the vehicle's automatic-braking function had been disabled in favor of a human backu... [Full Article...]

President Trump Announces Renaming, Overhaul to NAFTA in 'Fairer' Deal with Mexico

President Trump Announces Renaming, Overhaul to NAFTA in 'Fairer' Deal with Mexico Automakers are climbing as investors hope the agreement will prevent tariffs on imported cars. "We do, so does Mexico ", said Trump. U.S. Trade Representative Robert Lighthizer also said the deal will be likely signed-off in November and sent to Congress on Friday. [Full Article...]

Warren Buffett's Berkshire Hathaway in talks to buy stake in Paytm

Warren Buffett's Berkshire Hathaway in talks to buy stake in Paytm Berkshire had been considering an investment of between $286 million to $357 million and a 3-4% stake in the company, the Economic Times reported earlier Monday. The development comes as Paytm has been diversifying its business across financial services and offline payments after acquiring customers through services such as mobile recharges, rail and air bookings, movie ticketing and utility bil... [Full Article...]

Trump Organization finance chief 'gets immunity' in Cohen probe

Trump Organization finance chief 'gets immunity' in Cohen probe President TrumpDonald John TrumpMcCain's body arrives at Phoenix-area mortuary to cheers of "I love you, John" Trudeau praises McCain as an "American patriot and hero" Bush, Obama asked to give eulogies at McCain's funeral: report MORE touted an incorrect number for his most recent approval rating in a Sunday night tweet . [Full Article...]

SEC Rejects Nine Bitcoin ETF Proposals

SEC Rejects Nine Bitcoin ETF Proposals But what does it mean when the Commission says it will " review " the disapproval orders? As Block Explorer News previously reported , the SEC faced a deadline on the ProShares Bitcoin ETF which it could no longer push back. Bitcoin price is also trading in a contracting triangle pending a breakout. In that case, it wrote that the platform that would have listed their fund failed to prove ... [Full Article...]

NY Times: DA looks at charges against Trump Organization

NY Times: DA looks at charges against Trump Organization Alan Futerfas, an outside lawyer for the New York-based company, declined to comment. Michael Cohen admitted in court Tuesday that President Trump directed him to illegally pay out money to two women to keep them from speaking during the 2016 campaign about their alleged affairs with Donald Trump . [Full Article...]

Saudi Arabia Aramco IPO reportedly called off

The proposed listing of Aramco was a central part of Crown Prince Mohammed bin Salman's reform drive aimed at restructuring the kingdom's economy, reducing its dependence on oil revenue and cutting its debt. Aramco denied this, insisting that the IPO was still on track. Authorities had said they were aiming for a possible listing by the end of 2018. With stakes this high, London, Hong Kong and... [Full Article...]

China's Alibaba, Tencent Bar Cryptocurrency Transactions on WeChat Pay, AliPay

China's Alibaba, Tencent Bar Cryptocurrency Transactions on WeChat Pay, AliPay WeChat Pay and Ant Financial's Alipay are monitoring their platforms for transactions related to cryptocurrencies, with WeChat saying Friday that it would prohibit users from sending funds related to such digital assets on its social media platform. [Full Article...]

World Bank to Settle Blockchain Bond Worth $73 Million this Month

World Bank to Settle Blockchain Bond Worth $73 Million this Month The "bond-i" platform is created to substantially streamline capital raising processes in the debt capital markets, which are now made up of a complex web of interconnected agents and intermediaries. The endeavor will also see the World Bank using Microsoft's cloud computing platform to run the bond stateside. Interestingly the World Bank press release did not mention a launch date and it ... [Full Article...]

Steady rate hikes protect U.S. recovery: Fed chief

Steady rate hikes protect U.S. recovery: Fed chief Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. "My colleagues and I are carefully monitoring incoming data", he said. Officials previously indicated that three rate hikes would come this year. St. [Full Article...]

Mexico and USA near resolution on issues holding up talks — NAFTA

Mexico and USA near resolution on issues holding up talks — NAFTA Negotiators from both the US and Mexico have been holding talks for weeks to try and settle their differences on NAFTA. The US and Mexico are getting close to resolving the bi-lateral issues that are holding up NAFTA talks, according to a report today from the Wall Street Journal. [Full Article...]

All the President's Men Are Flipping on Donald Trump

Another NBC/WSJ survey conducted largely before the news broke about Cohen and Manafort showed similar approval ratings. As Mariotti noted, "Individual-1" is how Trump was identified in Cohen's charging docs. "I need to open up a company for the transfer of all that info regarding our friend David ", says Cohen, "so that - I'm going to do that right away". [Full Article...]

Amazon paying some employees to defend company on Twitter

Amazon paying some employees to defend company on Twitter TechCrunch identified 15 accounts, all with Amazon smiles as their backgrounds and "FC Ambassador" after their name, complete with job titles, locations, and the duration of time they have been with the company. "It's important that we do a good job of educating people about the actual environment inside our fulfilment centres, and the FC ambassador program is a big part of that". [Full Article...]

Tesla To Remain Public, Elon Musk Says

Tesla To Remain Public, Elon Musk Says Tesla's board agrees with Musk's decision. Musk surprised the country, not to mention the stock market, when he fired off a nine-word tweet on August 7 saying he was considering taking Tesla private . The billionaire entrepreneur stunned investors earlier this month when he tweeted that he had secured funding to delist the electric-car maker. That tweet, however, spurred the U.S. [Full Article...]

Ryanair is Cutting its Free Hand Luggage Allowance. Again

Ryanair is Cutting its Free Hand Luggage Allowance. Again We don't expect to make more money. Ryanair hoped it would speed up the boarding process. We have increased the size of the free small carry-on bag by over 40% from 35 x 20 x 20cm (14,000 cm³) to 40 x 20 x 25cm (20,000 cm³). The new policy will go live at boarding gates on/after 1 Nov 2018 and for bookings made after 1 Sept 2018 . "We expect that the other 40 per cent will either choose to... [Full Article...]

Infiniti taunts us with another electric race auto we can't buy

Infiniti taunts us with another electric race auto we can't buy Infiniti has been teasing us with heavily disguised images of the Prototype 10 for some weeks, now, finally giving us a good look at the one-off model during a preview helping mark the start of the annual classic auto weekend on the Monterey Peninsula that wraps up with the Pebble Beach Concours d'Elegance. [Full Article...]

Oil bounces after longest losing run since 2015 on supply risks

Oil bounces after longest losing run since 2015 on supply risks In the United States, latest data showed stockpiles dropped by more than twice what analysts had expected, while supplies in the North Sea are under threat from labour strikes at Total SA's fields. West Texas Intermediate settled down 3 cents at $67.83, and Brent settled down 5 cents at $74.73 per barrel - modest declines, but notable considering both contracts had climbed by over $2 per barrel ... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57  Next »