IMF Loans Argentina $50 Billion to Fend Off Economic Implosion

Argentina's consumer prices have been rising an estimated 25 percent a year, one of the world's highest inflation rates. Under the terms of the agreement, Argentina has agreed to reduce its fiscal deficit to 1.3% of gross domestic product in 2019, ... More..

by | Published more than a month ago
Alphabet faces pressure over diversity at shareholder meeting
by | Friday, June 08, 2018

Alphabet faces pressure over diversity at shareholder meeting

The proposed metrics will incentivize long-term progress on diversity and inclusion. For the past year, Google's campus has been a frequent battleground between warring ideologies, with left-leaning employees...More..

Coinbase Expands With Deal for Broker-Dealer Keystone Capital
by | Friday, June 08, 2018

Coinbase Expands With Deal for Broker-Dealer Keystone Capital

Cryptocurrency industry giant Coinbase on Wednesday announced that it is "on track" to register with the US Securities and Exchange Commission (SEC) as a broker-dealer, a move which would allow it to list c...More..

MPs have 'lost confidence' in TSB chief
by | Friday, June 08, 2018

MPs have 'lost confidence' in TSB chief

Pester has faced a grilling from MPs over the crisis, which saw the bank's systems crash, leaving consumers and small businesses unable to access their accounts. The FCA said TSB's poor levels of service may ha...More..

FDI inflows to India decline by $40 bn in 2017
by | Friday, June 08, 2018

FDI inflows to India decline by $40 bn in 2017

SoftBank Group Corp. (Japan) acquired a 20% stake in One97 Communications Ltd, which runs Paytm , for $1.4 billion. After acquiring a 26 per cent stake in Vankorneft (Russian Federation) in 2016, it bought a...More..

Ghana FA dissolved by government amid corruption claims
by | Friday, June 08, 2018

Ghana FA dissolved by government amid corruption claims

The undercover work, which was premiered Wednesday, exposed how some GFA officials, referees, football administrators and others at the National Sports Authority (NSA) received bribes in various sums to comprom...More..

Daimler Goes After Tesla With Fully-Electric Freightliner Trucks
by | Friday, June 08, 2018

Daimler Goes After Tesla With Fully-Electric Freightliner Trucks

Daimler unveiled two electric trucks on Wednesday, one of which will compete directly with Tesla's semi-truck, the Semi. Daimler AG could split its truck unit and passenger-car business into separate compan...More..

United Kingdom proposes new Brexit deal to avoid hard border in Ireland
by | Friday, June 08, 2018

United Kingdom proposes new Brexit deal to avoid hard border in Ireland

The "backstop" plan is opposed by Brexiteers because it commits the whole of the United Kingdom to elements of the customs union if London and Brussels can not agree on a deal on border controls for goods. The ...More..

Honda, GM join forces on next-gen EV batteries
by | Friday, June 08, 2018

Honda, GM join forces on next-gen EV batteries

Honda and GM are developing batteries that take up less space and can be charged more quickly. The automakers were tight-lipped on specifics but said the next-generation battery will have improved packaging, fa...More..

USA jobs outnumber jobless for first time in 20 years
by | Friday, June 08, 2018

USA jobs outnumber jobless for first time in 20 years

There are now more job vacancies than unemployed workers to fill them in the US for the first time since 2000. With hiring growing at a breakneck pace, the pool of unemployed people is shrinking surprisingl...More..

Council approves limits on 'surge pricing' for ride-hailing companies
by | Friday, June 08, 2018

Council approves limits on 'surge pricing' for ride-hailing companies

The measure would prevent "surge pricing" if increased rates are higher than the maximum fare set by the city. Supporters of the ride-sharing companies show their opposition to Bill 35 . As the wife of a sai...More..

Cambridge Analytica Chief Accused Of Taking $8M From Company
by | Friday, June 08, 2018

Cambridge Analytica Chief Accused Of Taking $8M From Company

In an earlier testimony to the British parliamentary media committee, Nix denied that his company had received any data from the researcher Aleksandr Kogan. "All Mr Nix's comments carried in our reports were us...More..

Canada’s Trade Deficit Narrows to Six-Month Low
by | Friday, June 08, 2018

Canada’s Trade Deficit Narrows to Six-Month Low

The number was so good, some were wondering why Trump didn't pre-tweet it, as he did with the payrolls report. "Exports to Mexico also hit an all-time high, but the US trade gap is still larger at this point ...More..

Investigation reveals new details from deadly Tesla crash in Mountain View
by | Friday, June 08, 2018

Investigation reveals new details from deadly Tesla crash in Mountain View

The report also notes that the auto was in AutoPilot mode for 18 minutes and 55 seconds ahead of the collision. The alerts were triggered more than 15 minutes prior to the accident . Huang's vehicle is no long...More..

IHOP Is Changing Its Name to IHOB and Twitter Is Shook
by | Friday, June 08, 2018

IHOP Is Changing Its Name to IHOB and Twitter Is Shook

IHOP tweeted and posted to its Facebook page this week that it plans to "flip" the "p" in its name June 11, sparking a flood of internet speculation about what the new "b" will stand for. For its part, IHOP'...More..

London Stock Exchange trading underway after 'technical issue'
by | Thursday, June 07, 2018

London Stock Exchange trading underway after 'technical issue'

It is now unknown what is causing the issues with the market open, but a glitch is believed to have prevented the exchange's opening auction, the key mechanism for the start of trade, from taking place. The spo...More..

by | Thursday, June 07, 2018

Poundworld on brink of collapse putting 5,300 jobs at risk

The company's management say they are in talks with other potential buyers, and it is thought that Poundworld's founder, Chris Edwards, might take on the business. The potential end of Poundworld comes in a dev...More..

Trump wrongly accused Canada of torching White House in War of 1812
by | Thursday, June 07, 2018

Trump wrongly accused Canada of torching White House in War of 1812

At last year's G-7 summit in Sicily , Macron said he could talk the US out of withdrawing from the climate accord. " Canada believes in hoping for the best and preparing for the worst". The White House decl...More..

British Airways pilot dragged off plane for being over alcohol limit
by | Thursday, June 07, 2018

British Airways pilot dragged off plane for being over alcohol limit

He pleaded guilty to the offence at Crawley Magistrates' Court today where he was told he has a high chance of an immediate custodial sentence. Julian Monaghan, 49, had been due to be the third pilot on a Boe...More..

European vehicle industry defends emissions standards amid TRUE Initiative media storm
by | Thursday, June 07, 2018

European vehicle industry defends emissions standards amid TRUE Initiative media storm

Petrol cars fared better, however, with all Euro 6 petrol models receiving a "good" or "moderate" rating. Not only that, but all Euro 6 diesel models rated exceeded the Euro 6 diesel NOx emissions limits ...More..

The New Electric Flying Car From Google Co-Founder Larry Page
by | Thursday, June 07, 2018

The New Electric Flying Car From Google Co-Founder Larry Page

The Cora , now undergoing tests in New Zealand, could be used as part of a ride-sharing or taxi service, according to the company. Kitty Hawk chief executive Sebastian Thrun, who founded the Google X lab d...More..

David Koch to retire due to poor health
by | Thursday, June 07, 2018

David Koch to retire due to poor health

While David Koch was the Libertarian nominee for vice president in 1980, he shared little of his brother's political zeal. However, the Koch brothers, who are supporters of free trade, also are funding a ...More..

Hamilton's Burlington Street East tops CAA's list of worst roads in Ontario
by | Thursday, June 07, 2018

Hamilton's Burlington Street East tops CAA's list of worst roads in Ontario

Drivers, cyclists and pedestrians across Ontario have submitted their votes on the worst street in the province, and the results are officially in. According to CAA, 75% of voters say that potholes on Burling...More..

Video shows rodents running through burger buns at Delaware Burger King
by | Thursday, June 07, 2018

Video shows rodents running through burger buns at Delaware Burger King

Inspectors reportedly found rodent droppings in the burger buns, as well as in the food storage and prep areas, as well as other issues including a leaking ceiling and flies, The News Journal of Wilmington rep...More..

Virgin Australia Rolls Out Wi-Fi On International Flights
by | Thursday, June 07, 2018

Virgin Australia Rolls Out Wi-Fi On International Flights

Tash Tobias, general manager - customer experience and project at Virgin Australia says the airline has been working in the background over the past couple of months installing the Wi-Fi services on its aircraf...More..

Emirates Seeks to Lead the Way to Windowless Planes
by | Thursday, June 07, 2018

Emirates Seeks to Lead the Way to Windowless Planes

Flipping your window shutter open and closed on a plane could be a thing of the past with Emirates unveiling a new first class suite that features virtual windows. The question now is, will passengers get on bo...More..

China's ZTE signs preliminary agreement to lift U.S. ban
by | Thursday, June 07, 2018

China's ZTE signs preliminary agreement to lift U.S. ban

The Commerce Department plans to amend the agreement to count part of ZTE's previous fine from a year ago ($360 million) as part of the total penalties. Last year, ZTE paid over $2.3 billion to USA suppliers, a...More..

Super Cruise to expand to all Cadillacs, other GM brands
by | Thursday, June 07, 2018

Super Cruise to expand to all Cadillacs, other GM brands

We hope to drive the Hybrid model at a later date. Super Cruise , much likes Tesla's Autopilot feature, is an autonomous driving aide which operates within the SAE-defined functionality of "Level 2" autonom...More..

by | Thursday, June 07, 2018

ZTE reportedly signs deal that would end export ban

Following the ban on selling USA -made hardware (and potentially software ) to ZTE earlier this year, it appears that the company may have reached a compromise with the us government, according to Reuters ....More..

Italy Politics: Italy PM calls European Union immigration policy a failure
by | Thursday, June 07, 2018

Italy Politics: Italy PM calls European Union immigration policy a failure

Di Maio is labour and industry minister in Conte's government, and Salvini is interior minister, raising doubt about whether the prime minister, a political novice, can put his own stamp on the government's age...More..

by | Wednesday, June 06, 2018

US Trade Gap Narrowed 2.1% in April

Exports to the United States - Canada's top trading partner - were up 3.2 per cent to $36.1 billion in April, on higher shipments of crude oil and crude oil bitumen, while imports from the United States fell by...More..

European Union to impose retaliatory tariffs on U.S. starting in July
by | Wednesday, June 06, 2018

European Union to impose retaliatory tariffs on U.S. starting in July

If the WTO rules in its favour, or after three years if the case is still going on, the European Union plans to impose further tariffs of 3.6 billion euros ($5.47 billion Cdn) on US products. US products on the...More..

Global economy is healthy but growth will slow
by | Wednesday, June 06, 2018

Global economy is healthy but growth will slow

Investors are weighing the solid performance of the global economy against a host of threats, including interest-rate hikes by the U.S. Federal Reserve, the prospect of a trade war between America and China, an...More..

RBI hikes repo rate after more than 4 years
by | Wednesday, June 06, 2018

RBI hikes repo rate after more than 4 years

An increasing number of economists expect the Reserve Bank of India (RBI) to raise interest rates on Wednesday, a Reuters poll found, but most still think the central bank will stay on hold and use this w...More..

by | Wednesday, June 06, 2018

Oil created bullish hammer on falling USA inventories

Oil price rises have led to higher prices for fuel and other commodities and Mr Trump tweeted complaining about the cartel "artificially" boosting prices. Both benchmarks were trading down significantly week on...More..