Turkish factory activity expands for first time in 22 months: PMI

Britain officially left the European Union at 11 p.m. (2300 GMT) Friday, putting an end to its 47-year-long membership of the world's largest trading bloc. Asian manufacturing gauges stumbled last month, suggesting the US-China trade agreement failed... More..

by | Published 15 days ago
by | Tuesday, February 04, 2020

Coronavirus: China lashes out at Donald Trump for creating coronavirus chaos

In a news briefing on Monday, Chinese foreign ministry spokesperson Hua Chunying said the U.S. actions "could only create and spread fear" instead of offering assistance - saying it was the first country to i...More..

United States stocks fall 600 points on coronavirus worries
by | Tuesday, February 04, 2020

United States stocks fall 600 points on coronavirus worries

Banks and energy companies also broadly fell. Crude oil futures dropped 2.95% at $50.04 per barrel and Brent crude fell 0.16% at $54.289. 505 percent, pushing the note's price greater. Worries about the way i...More..

WeWork Names Sandeep Mathrani As CEO
by | Monday, February 03, 2020

WeWork Names Sandeep Mathrani As CEO

Prior to the appointment, he was at Brookfield Property Partners , a real estate company that manages and operates retail space, buildings, warehouses, and offices. Prior to joining GGP in 2010, Mathrani was...More..

Hong Kong tightens border with mainland over coronavirus
by | Monday, February 03, 2020

Hong Kong tightens border with mainland over coronavirus

The closures were to take effect at midnight on Monday. "If there is no full border closure, there won't be enough manpower, protective equipment, or isolation rooms, to combat the outbreak", Winnie Yu, chair...More..

by | Monday, February 03, 2020

Stocks plummet as markets reopen in China amid coronavirus outbreak

Today the Shanghai Composite index shed almost eight per cent of its value to hit a one-year low, according to Reuters calculations. Chinese stocks closed lower with the Shanghai Composite down 7.7% and...More..

Tax relief in Budget a 'lollipop', says NCP's Majeed Memon
by | Monday, February 03, 2020

Tax relief in Budget a 'lollipop', says NCP's Majeed Memon

The Narendra Modi government's proposal to tax non-resident Indians (NRIs) if they are not paying duties in their country of residence, has sent shockwaves among the largest diaspora in the world, which is es...More..

China central bank sees temporary economic impact from virus, pledges support measures
by | Monday, February 03, 2020

China central bank sees temporary economic impact from virus, pledges support measures

Chinese authorities reported Monday that the number of people infected by the virus first found in Wuhan has risen above 17,000 as of Sunday night. In an internal memo sent to its branches, Citic called the m...More..

Unilever misses its growth target and begins reviewing the global tea business
by | Sunday, February 02, 2020

Unilever misses its growth target and begins reviewing the global tea business

However, sales of traditional black tea , the largest segment, have been in decline in developed markets for several years due to changing consumer preferences, Unilever said. According to a report published...More..

SC will examine Airbus-AirAsia graft allegations
by | Sunday, February 02, 2020

SC will examine Airbus-AirAsia graft allegations

The investigation comes as the Malaysian government evaluates five strategic investment proposals, among them one from AirAsia, to partner with the ailing national carrier, Malaysia Airlines. "The payments were...More..

Dow tumbles 600 points as coronavirus fears rock stocks
by | Sunday, February 02, 2020

Dow tumbles 600 points as coronavirus fears rock stocks

However, stocks pared losses late in the session as the agency director, Robert Redfield, said the risk to the U.S public is low. Delta, united and American Airlines have suspended all flights between China...More..

Budget 2020: Divestment goal ambitious Rs 2.1 lakh cr, an LIC IPO
by | Sunday, February 02, 2020

Budget 2020: Divestment goal ambitious Rs 2.1 lakh cr, an LIC IPO

The government expects to earn Rs 90,000 crore by selling stake in public sector banks and financial institutions, while the balance Rs 1.2 lakh crore is expected to come in from the sale of central public sect...More..

Ride-hailing in Vancouver experiences growing pains, detours to courts
by | Saturday, February 01, 2020

Ride-hailing in Vancouver experiences growing pains, detours to courts

Dhaliwal, who praised Burnaby-based cab company Bonny's Taxi for its community service in providing rides for people in wheelchairs. The latest twist, after the provincial Passenger Transportation Board rec...More..

Japan urges citizens not to travel to China because of virus
by | Saturday, February 01, 2020

Japan urges citizens not to travel to China because of virus

The U.S. order followed a travel advisory for Americans to consider leaving China . As scientists race to find a vaccine, the World Health Organization (WHO) on Thursday declared a public health emergency of...More..

Donald Trump's Economy: 2019 Advance Estimate Is In
by | Saturday, February 01, 2020

Donald Trump's Economy: 2019 Advance Estimate Is In

Growth is, nevertheless, slowing as the stimulus faded from the White House and Republicans' enormous tax cuts two years ago, a package President Donald Trump had predicted would boost growth persistently ...More..

GMC teases new Hummer with 746 kW
by | Saturday, February 01, 2020

GMC teases new Hummer with 746 kW

The brand also confirmed a full reveal date of the new SUV - on 20 May 2020. Through a series of three 15-second commercials, GM said the truck will be able to go from 0-60 in three seconds , along with 1,00...More..

Industry comments. The Bank of England's interest rates decision
by | Friday, January 31, 2020

Industry comments. The Bank of England's interest rates decision

Howard Archer, economist at the EY Item Club, said a rate cut still remains "very much in play". The Bank of England has delivered a blow on the eve of Brexit by slashing its United Kingdom growth forecasts...More..

The Fed Continues to Hold Steady on Rates
by | Friday, January 31, 2020

The Fed Continues to Hold Steady on Rates

It marks the second straight meeting the Fed has stood pat on rates, . after three consecutive reductions in 2019. Still, Paul Ashworth, chief USA economist at Capital Economics, said he saw nothing in the Fe...More..

Trump signs US Mexico Canada Agreement
by | Friday, January 31, 2020

Trump signs US Mexico Canada Agreement

U.S. President Donald Trump signed a trade deal Wednesday that replaces 1994's North American Free Trade Agreement . Indiana Republican Senator Mike Braun tells "Fox & Friends" that the president is at...More..

Tesla Plans Model Y Deliveries in Q1, Adds Range and Wheel Options
by | Friday, January 31, 2020

Tesla Plans Model Y Deliveries in Q1, Adds Range and Wheel Options

Shares in Tesla have jumped by around 120% since the company last posted earnings in October, hitting a valuation of $100bn, primarily on the company's outlook in China. The Model Y was announced in March a ...More..

Oil Prices Fall After US Stock Build
by | Friday, January 31, 2020

Oil Prices Fall After US Stock Build

West Texas Intermediate ( WTI ) crude for March delivery fell 1.5 per cent to US$52.55 a barrel on the New York Mercantile Exchange as at 7.34 am in London after closing down 0.3 per cent on Wednesday. Barcla...More..

Amazon's Q4 2019 earnings show strong gains
by | Friday, January 31, 2020

Amazon's Q4 2019 earnings show strong gains

Amazon Chief Financial Officer Brian Olsavsky told reporters that additional investment in one-day shipping came slightly under the $1.5 billion the company had forecast for the fourth quarter , despite more c...More..

United States economy misses Trump's 3% growth target in 2019
by | Thursday, January 30, 2020

United States economy misses Trump's 3% growth target in 2019

But analysts at Oxford Economics said the data for the final quarter of the year are deceptive and create "the optical illusion of an economy chugging along. Consumer spending has fueled a record expansion no...More..

Airlines slash flights to China as death toll rises to 170
by | Thursday, January 30, 2020

Airlines slash flights to China as death toll rises to 170

Infections have been reported in at least 15 other nations, with 104 confirmed cases. In comparison, Severe Acute Respiratory Syndrome, or SARS, killed about 10% of people who caught it in 2003. All passengers ...More..

by | Thursday, January 30, 2020

Coronavirus: British Airways suspends all flights to mainland China as outbreak spreads

For those commercial flights that are continuing to operate in and out of China , airlines have started to take drastic precautions to prevent the spread of the contagious disease. Cathay Pacific Group said fl...More..

Boeing falls to first annual loss since 1997
by | Wednesday, January 29, 2020

Boeing falls to first annual loss since 1997

Boeing delivered just 380 aircraft in 2019, down from 806 past year and a stark contrast to the expectation that it would produce almost 900 in 2019. The aircraft manufacturer had previously estimated an $8 b...More..

Lee Enterprises announces $140 million purchase of BH Media Group
by | Wednesday, January 29, 2020

Lee Enterprises announces $140 million purchase of BH Media Group

Berkshire Hathaway , though, is providing $576M in long-term financing to Lee at a 9% annual rate. Iowa-based Lee Enterprises is buying Warren Buffett's BH Media Group's publications and The Buffalo Ne...More..

UAE confirms first cases of new coronavirus
by | Wednesday, January 29, 2020

UAE confirms first cases of new coronavirus

However, the coronavirus death toll still remains lower than the 348 people in China who were killed by SARS. It was a moment of relief and joy, even as health workers rushed to ensure that passengers don't...More..

Facebook rolls out tool to block off-Facebook data gathering
by | Wednesday, January 29, 2020

Facebook rolls out tool to block off-Facebook data gathering

This new setting now allows you to clear the history of these activities. Along with this rollout, over the next few weeks, Facebookers will also start to see prompts encouraging them to make use of the app...More..

by | Wednesday, January 29, 2020

Passengers of KQ flight from China being monitored for Coronavirus

A spokesman for the airline said flights to Shanghai and Hong Kong were operating as scheduled, however a policy is in place should customers wish to re-book or opt to cancel for a refund. Coronavirus: Are th...More..

Indonesia's Lion Air says to suspend China flights over virus
by | Wednesday, January 29, 2020

Indonesia's Lion Air says to suspend China flights over virus

The White House is not ruling out suspending flights between the US and China because of the coronavirus outbreak, three sources confirmed to ABC News. Hubei province has been on lockdown for several days as Ch...More..

Apple's Q1 Earnings Boosted By Strong iPhone, Services Sales
by | Wednesday, January 29, 2020

Apple's Q1 Earnings Boosted By Strong iPhone, Services Sales

Apple just got its mojo back. The company reported $12.7 billion in net sales of services for the quarter, showing an increase of almost 17% year-over-year. In the same period one year ago, the company post...More..

GM's rumoured Hummer pickup truck teased
by | Tuesday, January 28, 2020

GM's rumoured Hummer pickup truck teased

As part of the sellout deal, the UAW "negotiated" to keep the Detroit-Hamtramck plant open with a $3 billion investment to produce a still-unnamed electric pickup truck and van model. This joint venture will ...More..

Look at the first flight of the Boeing 777X
by | Tuesday, January 28, 2020

Look at the first flight of the Boeing 777X

Héroux-Devtek was selected to supply complete landing gear systems for the Boeing 777 and 777X in 2013, including the main and nose landing gear, and the nose landing gear drag strut. Seven other leading airl...More..

Centre issues bid document to sell 100 pc stake of Air India
by | Monday, January 27, 2020

Centre issues bid document to sell 100 pc stake of Air India

The equity share capital will include AI's shareholding interest of 100 per cent in Air India Express Limited (AIXL) and 50 per cent in Air India SATS Airport Services Private Limited (AISATS). Government...More..