• Dow Jones falls 245 due to new China tariff fears
Dow Jones falls 245 due to new China tariff fears

Canada's main stock index reversed course to trade higher on Tuesday, led by gains in industrial stocks. United States officials are preparing for such a scenario in case a planned Trump-Xi meeting yields no progress on the sidelines of a Group of 20 summit in Buenos Aires in November, according to two of the people, who declined to be ident...

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  • India ranks 1st among South Asian countries in Ease of Doing Business
India ranks 1st among South Asian countries in Ease of Doing Business

Since then, Israel has slipped in the rankings , reaching 54th place previous year. Besides, the Congress has persistently pointed to what it calls the "failure" of PM Modi's "Make in India" initiative. "The improvement is excellent news for India, and good news for the business community", Commerce Minister Suresh Prabhu said on Wednesday. For ...

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  • Modi Government Said To Cite Never-Used Powers In Talks With RBI
Modi Government Said To Cite Never-Used Powers In Talks With RBI

The central bank has received letters from the government seeking Governor Urjit Patel's views on issues including its handling of weak state-run lenders, tight liquidity in the market, and resolving bad loans at power generators, the people said , asking not to be identified because they aren't authorized to talk to the media.

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  • U.S. GDP Taps the Brakes in Q3
U.S. GDP Taps the Brakes in Q3

Yet a trade war exists between Washington and Beijing as well as other trade disputes between the US and other trade partners, with the slowdown last quarter mostly reflecting the retaliatory tariffs impact that Beijing imposed on exports from the USA including soybeans.

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  • Plane carrying 188 passengers crashes into sea
Plane carrying 188 passengers crashes into sea

Debris thought to be from the plane, including aircraft seats, was found near an offshore refining facility, an official of state energy firm Pertamina said. Indonesia's search and rescue agency has confirmed the plane crashed. "We don't know yet if there are any survivors". "We hope, we pray, but we can not confirm", He said, adding that no di...

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  • IBM is acquiring software company Red Hat for $34 billion
IBM is acquiring software company Red Hat for $34 billion

IBM will acquire all common shares of Red Hat for $190 per share, the companies said. Red Hat, which was founded in 1993, was originally started as an alternative to Microsoft and allowed users to freely distribute its open-source code. "IBM is committed to being an authentic multi-cloud provider, and we will prioritise the use of Red Hat techn...

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  • Oil tumbles for third week 'as fear selling spreads'
Oil tumbles for third week 'as fear selling spreads'

Saudi Arabia , now at 10.4 million barrels a day, is headed toward record-level output. Many buyers, including Iran's biggest customer, China , appear to be falling in line, forcing Tehran to store unsold oil on tankers in the hope it can sell the crude once sanctions are lifted.

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  • Oil headed for third weekly loss as Saudi Arabia warns of oversupply
Oil headed for third weekly loss as Saudi Arabia warns of oversupply

All the while, global economic growth has been strong for several quarters and oil demand continues to grow. Saudi Arabia , now at 10.4 million barrels a day, is headed toward record-level output. However, last May U.S. President Donald Trump announced the withdrawal of his country from the JCPOA, under the assumption that Iran secretly develo...

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  • Volkswagen officially unveils T-Cross small SUV
Volkswagen officially unveils T-Cross small SUV

What is the Volkswagen T-Cross? VW Group is investing over 1 billion Euros between 2019 and 2021 locally as the MQB A0 IN is tailor-made for India as well as emerging markets. Like its various SUV rivals, Volkswagen is targeting its smallest SUV model at urban-based vehicle buyers, providing it with a number of different exterior styling and inte...

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  • U.S. brands falter in Consumer Reports auto reliability survey
U.S. brands falter in Consumer Reports auto reliability survey

Tough year for domestic automakers. In its profile of the Cruze, CR describes it as having "big vehicle virtues in a small package" and says it "takes the best attributes of Chevrolet's accomplished Malibu and Impala, as well as the brand's familiar styling, and tucks them into a more maneuverable and fuel-efficient package".

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  • Patient gets in hospital lottery pool and wins $1 million
Patient gets in hospital lottery pool and wins $1 million

Virgin Islands. Only one ticket matched all six numbers in the Mega Million drawing on Tuesday night. Even as stock markets sank again, one person (or group) made a lot of money this past week: the yet-to-be-identified holder of the single ticket that won the Mega Millions lottery.

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  • Tesla Model Y is Now Ready for Production According to Elon Musk
Tesla Model Y is Now Ready for Production According to Elon Musk

This is only the third time in the company's eight-year history as a public company that it has posted a quarterly profit. Tesla said net income reached $311.5 million on revenue that more than doubled year-on-year to $6.8 billion in the quarter that ended September 30.

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  • China 'creates two billionaires a week'
China 'creates two billionaires a week'

USA entrepreneurs could play catch-up next year, though. "It's hard to become a billionaire through sheer organic growth". During a year in which so much of the world faced deep poverty , the corrosive effects of austerity , and extreme weather caused by the worsening human-caused climate crisis-from devastating hurricanes to deadly wildf...

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  • Cathay Pacific Announces Passenger Data Breach
Cathay Pacific Announces Passenger Data Breach

It operates in Hong Kong , Mainland China, Japan, Korea, Taiwan, South East Asia, Middle East, Europe, Pacific and South Africa. Cathay said it had launched an investigation and alerted the police after an ongoing IT operation revealed unauthorised access of systems containing the passenger data of up 9.4 million people.

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  • The Fed vs Trump: The Battle is On
The Fed vs Trump: The Battle is On

Trump said, adding that Mr. Powell "almost looks like he's happy raising interest rates". All the more so as Trump lobs increasingly pointed criticism at the Fed and its interest rate increases, which began under Yellen and have continued under Powell, her Trump-appointed successor.

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  • Saudi prosecutor says Khashoggi murder was
Saudi prosecutor says Khashoggi murder was "premeditated"

After this, we expect them to reveal those responsible for this matter. Speaking to reporters, Trump also revealed that he will be fully informed by the USA intelligence personnel who were on their way back after investigations in Turkey and Saudi Arabia .

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  • U.S. stocks plunge, Dow falls 600 points to wipe out 2018 gains
U.S. stocks plunge, Dow falls 600 points to wipe out 2018 gains

Encouraging economic news helped stabilize markets. Wednesday was rough for all the USA major indexes, especially the Nasdaq. Yet, he said, "you can't look at it blindly and say earnings are turning the market around and we're all clear".

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  • Google sacks 48 staff for sexual harassment
Google sacks 48 staff for sexual harassment

Update, October 25, 2018 (4:51PM EST): After The New York Times published its bombshell report described below, Google sent out an email to all employees to make a statement on the matter, via CNBC . These relationships were not disclosed to the HR, flouting company policy. She said in a civil suit that he engaged in "ownership relationships...

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  • Iranian President: Saudis Murdered Khashoggi with ‘Protection of America’
Iranian President: Saudis Murdered Khashoggi with ‘Protection of America’

Saudi Arabia has faced intense global pressure as Turkey continues to release details of its investigation of what happened after Khashoggi entered the Saudi consulate in Istanbul on October 2. Since admitting to the journalist's death, Saudi King Salman has sacked the deputy head of the Saudi intelligence agency, along with a top aide, while a...

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  • US Mega Millions results: Lotto numbers for October 23
US Mega Millions results: Lotto numbers for October 23

The jackpot offered to a victor of Mega Millions , one of two major lottery games played across the United States , was $40m in July. Three other jackpots have been won this year - $451 million on January 5 (Florida), $533 million on March 30 (New Jersey), and $142 million on May 4 (Ohio).

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