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It is clear world in recession, says International Monetary Fund chief

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Government Sets Up Review for Inflation Target by Reserve Bank of Australia

The kiwi was trading at 66.95 USA cents at 5pm in Wellington from 67.07 cents at 8am, which was also the day's high. It was at 66.95 USA cents versus 67.02 cent...

Tron founder Justin Sun’s heartfelt apology for over-hyping Buffet’s lunch date

A source close to the situation reportedly told the news outlet Sun hasn't pleased the Chinese government because he was planning to have lunch with Buffett, an...

Gold deal expires as sales by European central bank dwindle | AP business

Of course there were de-facto central bank gold agreements at the Bretton Woods conference in 1944 and in various undertakings of the International Monetary Fun...

Judge slashes $2-billion award in Roundup lawsuit to $86.7-million

Plaintiffs allege Roundup causes non-Hodgkin's lymphoma and that Monsanto for decades tried to influence scientists and regulators to bury cancer evidence. But ...

Australia to start policing Facebook's and Google's algorithms

This has come in response to attempts to influence political elections in the US and around the world - the ACCC recommendations specifically notes that governm...

Alibaba chip subsidiary launches first processor

The open-source nature of RISC-V also mitigates risk of Chinese firms losing access to Arm architecture, noted an analyst at Reuters, as Arm publicly announced...

Electric F-150 Prototype Tows 1 Million Pounds - Equipment

The latter stunt puts the entire load at 1.25 million pounds, according to Linda Zhang, chief engineer on the electric truck project. Ford has a lot riding on t...

Cobham's biggest shareholder says Advent offer for company not 'compelling'

The price of the deal represents a premium of almost 35 percent over the Wednesday closing stock price of Cobham . "We are pleased the Board of Cobham has ...

Japan may downgrade S. Korea’s preferred nation status in August

The cabinet is set to approve as early as Aug 2 a plan to drop South Korea from a list of 27 countries granted preferential trade status, Japanese media reporte...

Gold ticks up ahead of US GDP data; set for weekly drop

Gold held steady on Thursday in cautious trading before a European Central Bank meeting where the bank is expected to provide clarity on its stance on monetary ...

Korea says missile launches were 'solemn warning' to South

North Korean leader Kim Jong Un inspected the demonstration of a "new-type tactical guided weapon" on Thursday as a warning to South Korea to stop importing...

Starbucks traffic surges, posts best sales growth in three years

The company hiked its full-year earnings guidance to $2.80 to $2.82 a share from $2.75 a share to $2.79 a share previously. Same-store sales growth was seven pe...

New York Times dives deep into Les Wexner, Jeffrey Epstein's unusual relationship

Jeffrey Epstein was relatively unknown until he started managing Les Wexner's money . Prosecutors say he used employees and associates to lure the girls to his...

UAE- Boeing raises possibility of halting 737 Max production

American Airlines has cancelled 737 MAX flights from its schedule until November 2 . American updated the figure as it announced that second quarter profit r...

Trump administration renews Chevron license in Venezuela for 3 months

The Treasury Department renewed the license through October 25 for Chevron, the last US oil company operating in OPEC member Venezuela. The previous waiver wa...

EU's Brexit negotiator says Boris Johnson's demands 'unacceptable'

Barnier also noted the "combative" tone of Johnson's first speech as premier in parliament on Thursday. Johnson had insisted the United Kingdom would leave ...

The U.S. Economy Is Slowing As Trade War Takes A Toll

Shoppers carry bags of purchased merchandise at the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., December 8, 2018. "The biggest factor weighin...

Teetotaler Trump says U.S. wine just looks better than French

Mr Macron, the French president, signed a law this week under which USA tech giants like Amazon , Google and Facebook would have to pay a three per cent ...

Apple won't get tariff waivers for certain China imports

It also said the component "is not strategically important or related to "Made in China 2025" or other Chinese industrial programs". The request did not name ...

Amazon profits fall short as company faces protests and monopoly fears

Analysts consensus calls for $62.5 billion, or 18.1% rise, and $5.58 EPS, which would be a rise of about 10% since past year. The online leader said net sales r...

Oil rises on Iran tensions, U.S. inventory decline

Pumpjacks are seen against the setting sun at the Daqing oil field in Heilongjiang province, China December 7, 2018. However, as confusions had been looming l...

Draghi speech: There was no discussion of a rate cut today

Google parent Alphabet jumped 7.9%, Intel Corp 5.1% and Starbucks 6.6%. A poll Chicago Booth University of some of the world's leading economists, including f...

Facebook ends Sony, Microsoft access to friends data under FTC deal

The company made $4.6 billion in profits on $16.9 billion in revenue in the three months ending June 30, Facebook reported on Wednesday. Revenue rose 28% to $...

Tesla's long-time CTO, JB Straubel, stepping down

Straubel's departure comes amid a tumultuous year for the electric auto manufacturer as it struggles bringing its long-promised affordable Model 3 electric ve...

Newmont Goldcorp profit misses expectations on deal, non-operating mine cost

Van Eck Associates Corp decreased its stake in Newmont Goldcorp Corp ( NEM ) by 10.88% based on its latest 2019Q1 regulatory filing with the SEC. TheStreet up...

Facebook: positive Q2 results despite FTC fine

Intense regulatory scrutiny is always inevitable when a company obtains the kind of market power that Facebook has, and it has not been forthright with invest...

Nissan announces 12,500 job cuts worldwide

There have been doubts for the future of the Sunderland plant, the UK's largest vehicle factory, with Brexit adding to wider pressures on the carmaker. The comp...

Tesla CTO JB Straubel to step down after 16 years' service

Tesla says that it has $5 billion in cash thanks to a recent equity and debt raise, of which $614 million is free cash flow. He also said, "If we hadn't had lu...

Pakistani-origin Sajid Javid named Britain finance minister

The 49-year-old son of Pakistani Muslim immigrant parents, Javid cut his teeth early in finance, becoming a vice president at US Chase Manhattan Bank at the a...

Beyond Meat has a plant-based bacon substitute in the works

New Yorkers could find the sandwich at Manhattan locations beginning Wednesday, and there are plans for a future national rollout. Tim Hortons' breakfast s...