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NY 'replacing London' as the world's financial capital

The consultants said their annual Global Regulatory Outlook survey contacted 180 executives in asset management, private equity, hedge fund, banking and broke...

Brexit chaos blamed for crash in auto production

Earlier this month Bank of England Governor Mark Carney said business investment was likely to continue to be weak, but that there should be an improvement - an...

Huawei calls on United States to adjust its approach to tackle cybersecurity effectively

Huawei says it is in communication with FedEx and will mount a legal defense if it finds its rights were infringed on following the diversion of packages. Hu...

China willing to meet global demand for rare earths

China produces about 95% of the world's rare earth minerals, and the USA depends on China for as much as 80% of its imports. Each F-35 Lightning II aircraft ...

Minimum wage to be increased by 3% to $740.80 a week

It equates to a weekly pay increase of $21.60. Roughly 20 per cent of the labour force rely on the minimum wage, and another 20 per cent rely on award agreeme...

Citi, JPMorgan, UBS Face Forex Cartel Class Action in Australia

After so many years of trying to bear the loss and act as if nothing really happened, the affected investors and businesses have chose to take the bull by its h...

United States rebrands fossil fuels as 'molecules of freedom'

Menezes is quoted as saying during the Tenth Clean Energy Ministerial conference in Vancouver, Canada, Tuesday, in the release. USA energy officials appeared ...

Oil Prices Plunge On U.S.-China Trade War Escalation

However, globally supplies have tightened because of the Opec+ cuts so far this year, with political tensions in the Middle East adding to the upward pressure o...

Bank of Canada maintains interest rate: Read the official statement

Last month, Poloz held the rate at 1.75 per cent for a fourth-straight policy decision and set aside talk of hikes - at least until the economy rises from what ...

Canada's BC will be first province to switch patients to biosimilars

But patients will work with their doctors to make the switch to "biosimilar" drugs which are the just-as-safe and effective copycat versions of brand name b...

Uber Can Now Suspend You For A Low Rating

Riders at risk of losing their account will get suggestions on how to better their ratings, such as not leaving trash in the vehicle and being polite to drivers...

Alibaba eyes $20bn listing in Hong Kong

Alibaba plans to use the fresh funds from its second listing to diversify its funding channels and increase liquidity, the sources added. Hong Kong is engage...

Major energy company leaves Alberta

Devon Energy will use the proceeds from the Canadian asset sale to cut its debt. Analyst Phil Skolnick of Eight Capital agreed the Devon assets represent a go...

Facebook Is Planning to Launch Crypto-Currency in 2020 - What Is GlobalCoin?

The company said it wants to begin testing the virtual currency, referred to internally as GlobalCoin , by the end of 2019. But Garrick Hileman, a researcher...

Sony ‘misled players over refunds for faulty PlayStation games’, says ACCC

The ACCC has today revealed that it is undertaking proceedings in the Federal Court against Sony Interactive Entertainment for making false or misleading r...

Huawei trademarks ARK OS, could replace HongMeng

Due to this, Huawei will have to look for an alternative operating system to power its smartphones and other products. When the USA government gave another ...

Mixed fuel price picture for June - AA

Petrol in Mumbai costs Rs 77.47 per litre and diesel is priced at Rs 69.88. The Oil and Gas Regulatory Authority (OGRA) will forward its summary proposing new...

Aldi recalls possibly E-Coli contaminated all-purpose flour

The product was sourced from an ADM Milling Co. production facility in Buffalo. The flour that is being recalled would have a 'best used by dates of December ...

China's small bank bailouts duck bankruptcy test

The Inner Mongolia-based lender, once seen as a model for funding regional economies, is one of many smaller Chinese lenders that used shadow-financing techniqu...

Computer issues causing havoc for Air Canada, passengers

Social media users have said the Air Canada website isn't letting people check in for their upcoming flights. Even after the statement from Air Canada reporti...

Tesla Model S And Model X Get Significant Price Cuts

The price cuts represent reductions of about 2% and 3% for the Model S (now starting from USD65,750) and Model X (now starting from USD71,950) respectively. T...

Fake Nancy Pelosi Videos Go Viral

Trump shared a Fox News video from "Lou Dobbs Tonight" showing verbal pauses. "We work with internationally certified fact-checking organizations that are ind...

Huawei reviewing FedEx relationship, says packages ‘diverted’

FedEx diverted two packages sent from Japan and addressed to Huawei in China to the United States , and attempted to divert two more packages sent from Vietn...

Honda's high-tech side-camera mirrors will be standard for new EV

The technology, a first in the compact segment, brings significant benefits for styling, safety, aerodynamics and refinement. As per the images above, and jus...

Amazon considering office space in New York City

Amazon, founded by billionaire Jeff Bezos, has supposedly been speaking with Brookfield, the owners of the One Manhattan West building and its neighboring yet...

Global Payments agrees $21.5 billion all-stock deal with Total Systems Services

Under the terms of the agreement, the combined company will be named Global Payments. "This reflects a price per share of $119.86 for each share of TSYS commo...

MacKenzie Bezos pledges half her fortune to charity after Amazon divorce

MacKenzie Bezos committed to giving away at least half of the $37 billion windfall she will receive in her upcoming divorce from Amazon.com Inc. founder Jeff ...

Boots mulls more than 200 possible store closures

Sky News reported on Tuesday that Walgreens was considering the closures. This afternoon, Sky News tweeted: 'Sky Sources say the US - based owner of Boots The...

MacKenzie Bezos joins Giving Pledge, agrees to donate half her $37B fortune

Amazon CEO Jeff Bezos (R) and his wife MacKenzie arrive at the annual Allen and Co. conference at the Sun Valley, Idaho Resort July 12, 2013. "In addition ...

Impeach on Obstruction? 'Dems Are Obstructionists!'

The president strikes back amid continued calls for impeachment from the Left. On the Trump administration stonewalling congressional subpoenas, Tlaib add...