FDI in e-commerce: Flipkart miffed with government for not extending deadline

In December, the government proposed stricter guidelines that govern FDI in e-commerce firms, barring exclusive tie-ups between e-commerce firms that follow the "marketplace model" and vendors using their platform, among other things. "Since Press... More..

by | Published 15 days ago
A Second Apple Employee Has Been Charged With Stealing ‘Project Titan’ Secrets
by | Saturday, February 02, 2019

A Second Apple Employee Has Been Charged With Stealing ‘Project Titan’ Secrets

One of these was at a China-based autonomous vehicle company, which Apple said is a direct competitor. The news comes after another Apple employee was accused of stealing trade secrets about the project in Ju...More..

Electric carmaker Tesla's shares fall after surprise CFO exit
by | Friday, February 01, 2019

Electric carmaker Tesla's shares fall after surprise CFO exit

After Musk sent an email to workers asking for help improving production efficiency, the automaker has slashed its man-hours per vehicle by 20 percent for the Model 3 in the last quarter. US electric vehicle ...More..

Drug company expands voluntary recall of infant ibuprofen sold at CVS, Walmart
by | Friday, February 01, 2019

Drug company expands voluntary recall of infant ibuprofen sold at CVS, Walmart

More infant ibuprofen is being recalled from stores across the U.S. over fears it contains dangerously high levels of the drug. Other side effect may include nausea, vomiting, abdominal pain, or more rarely...More..

by | Friday, February 01, 2019

Amazon profit jumps while shares slip

Additionally, more than 1 billion items ordered by Prime members were shipped for free. Last year, Amazon streamlined its ad products so they were less confusing to brands, and folded them under the Amazon Ad...More..

Here's Why Facebook Just Hired One of Its Biggest Critics
by | Friday, February 01, 2019

Here's Why Facebook Just Hired One of Its Biggest Critics

Daily and monthly active users were each up 9% year-on-year to 1.52 billion and 2.32 billion respectively in December. "We've put most of our energy into security over the past 18 months, so that building new...More..

Consumers Asks Customers to Reduce Gas Usage After Fire
by | Friday, February 01, 2019

Consumers Asks Customers to Reduce Gas Usage After Fire

GM also asked "about 20,000 employees at its Warren Tech Center and 4,000 at the Pontiac Propulsion campus to work from home through at least Friday", according to Crain's Detroit . The Michigan Public Servi...More..

Volkswagen brings back the dune buggy as an EV
by | Thursday, January 31, 2019

Volkswagen brings back the dune buggy as an EV

Those are also the same points Volkswagen wants to make with its modular electric drive matrix or MEB. A Volkswagen source told Autocar that the buggy is under "active consideration" for production. The new M...More..

Microsoft shares slip on Azure slowdown - General Business
by | Thursday, January 31, 2019

Microsoft shares slip on Azure slowdown - General Business

As is typical for Microsoft these days, its overall business continues to grow: the company reported revenues of $32.5 billion, a 12 percent increase over a year ago. " Our strong commercial cloud results ref...More..

Trump upbeat on US-China trade meetings
by | Thursday, January 31, 2019

Trump upbeat on US-China trade meetings

The White House did not confirm the report or say when a meeting would take place. Chinese officials have said their policies do not coerce technology transfers. Trump has vetoed multiple proposed trade d...More..

Tesla Earnings to Follow Layoffs and Price Cuts
by | Thursday, January 31, 2019

Tesla Earnings to Follow Layoffs and Price Cuts

Musk predicted that 2019 would be "an awesome year for Tesla ", and that the days of Tesla reporting losses are in the rear-view mirror. In this, it'll be something more aligned with the Model X SUV's pricing....More..

Ghosn claims arrest was due to plot, treason at Nissan
by | Thursday, January 31, 2019

Ghosn claims arrest was due to plot, treason at Nissan

The financial daily said it spoke with Ghosn for 20 minutes earlier in the day at the Tokyo Detention Center, where the 64-year-old star executive has been held since Nov 19. He said he ultimately wanted to...More..

Thursday Tech Briefing: Growth Slows at Alibaba
by | Thursday, January 31, 2019

Thursday Tech Briefing: Growth Slows at Alibaba

Alibaba, the second most valuable public company in Asia after Tencent , posted on Thursday third-quarter revenue of 117.28 billion yuan ($17.47 billion), compared with 83 billion yuan a year earlier. trade sp...More..

Government May Need To Delay Brexit, Jeremy Hunt Says
by | Thursday, January 31, 2019

Government May Need To Delay Brexit, Jeremy Hunt Says

It sounds simple enough but closer ties to the European Union is something that United Kingdom lawmakers have been fighting against since the beginning of the Brexit process and it is something that May is like...More..

Indias unemployment rate hit four-decade high after demonetisation
by | Thursday, January 31, 2019

Indias unemployment rate hit four-decade high after demonetisation

Earlier, the NSSO, a division of the Ministry of Statistics and Programme Implementation (MoSPI), released data that suggested that unemployment in India stood at 6.1 percent in 2017-18, the highest in 45 y...More..

Wall Street climbs on Apple, Boeing results; Fed decision eyed
by | Thursday, January 31, 2019

Wall Street climbs on Apple, Boeing results; Fed decision eyed

Treasury yields dropped after the Fed changed its tone. CBC News will stream the press conference live. While the FOMC statement characterized the economy as "solid", Evercore ISI Wednesday sent clients a not...More..

PG&E Officially Files for Bankruptcy Protection
by | Thursday, January 31, 2019

PG&E Officially Files for Bankruptcy Protection

PG&E also intends to pay suppliers in full under normal terms for the good and services they provided, the company stated in a press release. The bankruptcy filing immediately puts a halt to the wildfire laws...More..

Foxconn won't build TVs at Wisconsin plant
by | Thursday, January 31, 2019

Foxconn won't build TVs at Wisconsin plant

According to published reports, Foxconn Technology Group will reconsider its previously announced plans to manufacture advanced liquid crystal display panels at a $10 billion manufacturing center now under co...More..

United States gives control over bank accounts to Venezuela challenger
by | Thursday, January 31, 2019

United States gives control over bank accounts to Venezuela challenger

On Monday, the USA imposed sanctions on Venezuela's state-owned oil company , Petroleos de Venezuela SA, that could potentially deprive the Maduro government of $11 billion US in export revenues over the nex...More..

Timeline: The China-US-Canada battle over Huawei
by | Thursday, January 31, 2019

Timeline: The China-US-Canada battle over Huawei

A ministry spokesman, Geng Shuang, complained that Washington "has shown disregard for the stern representations" from Beijing over the case of Meng Wanzhou , Huawei's chief financial officer . Her arrest s...More..

U.S. lifts sanctions on firms linked to Russian billionaire Oleg Deripaska
by | Thursday, January 31, 2019

U.S. lifts sanctions on firms linked to Russian billionaire Oleg Deripaska

The US Treasury Department has announced it has removed three Russian companies connected to Oleg Deripaska from its sanctions list. China's aluminum exports jumped to a record high in 2018. Deripaska is a cl...More..

Stocks slide as slow growth in China weighs on earnings
by | Wednesday, January 30, 2019

Stocks slide as slow growth in China weighs on earnings

Caterpillar Inc shares fell 5.5 percent, reversing early premarket gains after the world's largest heavy equipment maker on Monday forecast full-year profit below analysts' estimates, indicating a slide in glo...More..

Brazil dam collapse: five arrested including three mining firm staff
by | Wednesday, January 30, 2019

Brazil dam collapse: five arrested including three mining firm staff

The IDF said that its search and rescue teams would use advanced equipment including cellular location, underwater radars and drones to assess the situation upon arrival. He says the delegation is expected to s...More..

Tyson Foods recalling 18 tons of chicken nuggets over rubber contamination
by | Wednesday, January 30, 2019

Tyson Foods recalling 18 tons of chicken nuggets over rubber contamination

The nuggets were sold in 5-pound plastic bags with a best by date of November 26, 2019, case code No. 3308SDL03 and time stamps 23:00 through 01:59. There haven't been any reports of the products making consu...More..

Venezuela's Supreme Court bans self-declared president from leaving the country
by | Wednesday, January 30, 2019

Venezuela's Supreme Court bans self-declared president from leaving the country

And Maduro, defiantly resisting attempts to oust him, brandished his most potent weapon: the military. Russian Deputy Finance Minister Sergei Storchak told Russian state news agencies that "there will probabl...More..

Man finds 'authentic WWII hand grenade' while magnet fishing in Florida
by | Wednesday, January 30, 2019

Man finds 'authentic WWII hand grenade' while magnet fishing in Florida

A Florida man made an explosive discovery Saturday while magnet fishing. In an update to the Facebook post, police said the device "has been verified as an authentic WWII hand grenade ". The bomb squad c...More..

Operational meeting: Renault-Nissan alliance to meet Thursday in Amsterdam
by | Wednesday, January 30, 2019

Operational meeting: Renault-Nissan alliance to meet Thursday in Amsterdam

Nissan shares fell 0.8% to ¥920.3, compared with a 0.6% decline in the Nikkei average. Nissan Motor Co . said Monday it has received an inquiry from the U.S. Both men deny wrongdoing. The SEC inquiry is focu...More..

Postal Service suspended Wednesday
by | Wednesday, January 30, 2019

Postal Service suspended Wednesday

Postal service to suspend delivery on Wednesday in Minnesota , Iowa, western Wisconsin and western IL. There will also be no residential or commercial package pick-up services on that day. University of Sout...More..

Porsche Offers Free Charging, Just Like Tesla
by | Tuesday, January 29, 2019

Porsche Offers Free Charging, Just Like Tesla

A charge of just four minutes will gives you an extra 60 minutes, so this makes that Taycan far more practical for long distance driving. Each of these will have at least two 350-kilowatt chargers, with the r...More..

Venezuela's Guaido aims for peaceful transition, free elections: CNN interview
by | Tuesday, January 29, 2019

Venezuela's Guaido aims for peaceful transition, free elections: CNN interview

Kremlin said on Tuesday that USA sanctions against Venezuela's PDVASA are illegal and naked interference in Venezuela's internal affairs. PDVSA is Opec nation Venezuela's largest source of revenue and owns US...More..

'Kit Malthouse' compromise offers Plan C for Brexit
by | Tuesday, January 29, 2019

'Kit Malthouse' compromise offers Plan C for Brexit

The EU has explicitly said if Britain were to stay in a customs union indefinitely, as the opposition Labour Party favours, that could leave the backstop redundant. Its co-chair Richard Tice told Metro: 'The ...More..

European shares mixed, euro slips with ECB in focus
by | Tuesday, January 29, 2019

European shares mixed, euro slips with ECB in focus

The European Central Bank will hold off sudden moves Thursday after removing a pillar of support to the eurozone economy, analysts expect, though it could already be eyeing ways to respond to slower growth. Bus...More..

United States accuses Huawei of stealing trade secrets & dodging Iran sanctions
by | Tuesday, January 29, 2019

United States accuses Huawei of stealing trade secrets & dodging Iran sanctions

Meng, 46, the daughter of the company's founder, was arrested in Canada Dec. 1 on allegations that she committed fraud to sidestep sanctions against Iran. Meng is charged with bank fraud, wire fraud, and conspi...More..

Fruit sold at Tennessee ALDI stores recalled
by | Tuesday, January 29, 2019

Fruit sold at Tennessee ALDI stores recalled

Young children, the elderly and those with weakened immune systems are the most at risk. So far, no illnesses have been reported in connection with Jac. Peaches and nectarines impacted were sold at Market Bas...More..

USA charges Huawei, top executive with fraud
by | Tuesday, January 29, 2019

USA charges Huawei, top executive with fraud

Meng was arrested in early December 2018 by Canadian authorities at the request of the USA over allegations that she had committed fraud in sidestepping sanctions. Meng specifically is charged with wire fraud a...More..