Finance

Moodys downgrade: Expect bouts of correction; sell-off in markets unlikely

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Michael Kors takes over fashion icon Versace in $2billion deal

XO Group, Inc. has now increase 68.74% in its stock over the period of 6-months while its rival Michael Kors Holdings Limited added 11.13% in the previous 6...

Amazon’s newest brick-and-mortar store sells only top-rated products

Next up: Amazon 4-star, a new physical store the e-commerce giant is opening in New York City's SoHo neighborhood today, with the name of the concept telling ...

Goldman Sachs enters British savings market

But just who is this new player, and is it worth moving your money to them? 'A new entrant to the market, with the clout of Goldman Sachs, should keep the res...

Qantas reveals location of $35m pilot training facility

The location of Qantas' second academy is yet to be revealed, with Mackay still being evaluated as a potential site. According to Qantas, selection criteria i...

Disney cruises to sail out of New Orleans in 2020

The cruises through the Hawaiian Islands, which feature tour opportunities to Waikiki beaches on Oahu, the Haleakala Crater on Maui, Kauai's tropical gardens an...

Air Force Awards Boeing $9 Billion Contract

While Boeing remains a giant in commercial aircraft, it has been outflanked by rivals recently in the defense space. US soldiers unload Huey helicopters fro...

Oil prices drop, Brent moves further away from 4-year high

The prospect of tightening supplies due to a steep drop in Iran's exports, Venezuela's slumping output, and production bottlenecks in the USA prompted trading...

Musk's Tesla position uncertain as U.S. regulators sue Musk for fraud

The SEC said in its complaint that Musk falsely claimed in an August 7 tweet that funding had been secured for Tesla Inc.to go private at $420 per share, a su...

Peace meeting: Turkey President Erdogan heads to Germany

Erdogan plans meetings with Merkel on each of the three days of the visit, but both countries' officials have said financial aid for the crisis-hit economy is ...

Facebook says 50 million user accounts breached

This enabled them, the company said in a statement, to steal access tokens which they could then use to take over people's accounts. "It's why we've taken imm...

CHINA Google working on a search engine for China (censorship included)

The US internet giant had entered China in 2000 by launching a Chinese-language version of its search engine. It comes after a report from The Intercept e...

Hacker says he’ll live-stream attack on Mark Zuckerberg’s Facebook page

Chang's hack, assuming Facebook - which hasn't yet commented - doesn't put a stop to it is scheduled to begin on Sunday at 11am United Kingdom time. Similarly, ...

Tesla stock price: Elon Musk sued by the SEC

Four early research notes from Wall Street analysts and brokerages all said that Musk might have to resign. Some analysts said SEC's action was the beginning ...

Trudeau disputes Trump's claims that Canada requested meeting with president

Trudeau's "tariffs are too high, and he doesn't seem to want to move, and I've told him forget about it, and frankly, we're thinking about just taxing cars comi...

Record-breaking petrol price increase expected for South Africa - AA

With the rand and oil contributing nearly equally to the rises‚ petrol is expected to be up by R1.01 per litre and diesel by R1.24. "They are the biggest in S...

FTSE Russell promotes China A Shares to Emerging market status

MSCI says that China A-shares will make up about 2.8% of the index by August 2019, up from 0.7% now-an estimated $42 billion inflow. The move comes less th...

Ryanair cancels 190 flights on Friday amid cabin-crew strike

Ryanair (RYA.I) will consider cutting its growth plans for this winter and next summer if staff strikes continue, a senior executive said on Tuesday after anno...

Federal Reserve hikes rates for third time this year

The US unemployment rate stood near its lowest level since 2001. United States tariffs and retaliatory levies by others could slow the global economic growth,...

Elon Musk sued by SEC for securities fraud

I have always taken action in best interests of truth, transparency and investors. Musk later said he later decided against the plan. The Securities and Exc...

McDonald's Nixes Artificial Ingredients from Its Burgers

McDonald's has announced major changes to its seven classic burgers. The changes come as McDonald's continues to try to attract more health-conscious consumer...

Man charged after chasing after plane he had missed at Dublin Airport

A Dublin Airport spokeswoman said the man had become agitated after being told he could not board his flight. The insane tale is out of Dublin, where an unide...

The U.S. Will Ensure A Well Supplied Oil Market

Speaking to reporters after addressing the UN General Assembly, Macron said Iran should be allowed to keep selling oil and called for dialogue as he rejected a ...

Tesla Direct Offers Free Delivery to Your Home or Office

Last week, Tesla's Model 3 sedan was awarded a five-star rating by the USA auto safety agency NHTSA in tests that are standard for cars in the United States. ...

Tesla Model 3 earns ideal 5-star safety rating from the NHTSA

Crash tests consists of a simulated 35-miles per hour frontal impact, a 38.5-mph side barrier impact, a side pole impact, along with a rollover test. The vide...

Uber pays $148m over data breach cover-up

It has now agreed a settlement with the 50 U.S. states and the District of Columbia for $148m - the largest such penalty handed out by multiple states. "Our cur...

Federal Reserve poised to raise interest rates

Although the Fed raised its target overnight rate by 25-basis points to a range of 2 percent to 2.25 percent, up from 1.75 percent to 2 percent, the central ban...

Canada PM says won't be rushed on NAFTA, new deal not guaranteed

Trudeau's office said no such conversation had been requested. "We're going to keep focusing on trying to get to the right deal for Canadians", added Trudeau....

Jeremy Corbyn: Labour leader's speech

Britain is not due another election until 2022, but Labour is preparing for a possible snap vote. With just weeks left to break the deadlock in negotiations, ...

Chairman resigns at Australian broadcaster ABC amid 'firestorm' after managing director sacked

The ABC board is meant to operate as an independent body and is responsible for the ABC's operations. "The chairman of the ABC and the managing director o...

Stop sending Walkers crisp packets back in post, says Royal Mail

Since Royal Mail spoke out about the potential issues, 38 Degrees tweeted to tell people to use an envelope. It won't make such a pretty photo to share on s...