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London to Sydney in less than 5 hours with SABRE rocket plane

Reaction Engines , the UK-based company working on the technology, hopes to have commercial flights operating in the 2030s. The Sabre engine will slash flight...

ADB sees robust growth for Bangladesh economy in 2020

The multi-lateral lending agency in its Asian Development Outlook (ADO) Update for 2019 cut the growth projection for India, which recorded an over six-year low...

PM Modi meets top American business leaders in NY

Maybe he is the Father of India.They love this gentleman to my right. "In new India, we have run a campaign of de-regulation, de-licensing and de-bottleneckin...

Read the White House memo of Trump's call with Ukraine's leader

The White House acknowledged that the five-page "unredacted" memo released Wednesday is not a verbatim record of the conversation between the two leaders July...

GOP Leader Kevin McCarthy Slams Pelosi's Impeachment Decision

Prior impeachment investigations were conducted by the House Judiciary Committee or its subcommittee. Then the Senate holds a trail overseen by the chief just...

Fed cuts key rate by quarter point

The Fed's action was approved on a seven to three vote, with two officials arguing to keep rates unchanged, and one arguing for a bigger half-point cut. "On a 1...

Bulgarian economist Kristalina Georgieva selected as new leader of IMF

In July, Lagarde announced her resignation as International Monetary Fund chief from September 12 shortly after she was nominated for the presidency of the Eu...

Markets Right Now: Stocks rise as Trump teases trade deal

At 11:11 a.m. ET the Dow Jones Industrial Average was up 132.75 points, or 0.50%, at 26,940.52, the S&P 500 was up 6.20 points, or 0.21%, at 2,972.80 and the Na...

China rejects Trump criticism on trade

In a speech on the sidelines of the annual United Nations General Assembly in New York , Wang Yi made it clear that his country would not acquiesce to economic...

Donald Trump praises Indian prime minister as 'American version of Elvis'

India's Commerce and Industry Minister Piyush Goyal also reached NY over the weekend to attend the meeting. On Wednesday, Asian Development Bank said the corp...

US, Japan agree on 1st stage of new trade agreement

It's not immediately clear from Trump's comments on the sidelines of the UN General Assembly what that "first stage" includes. In return, Washington has agree...

Amazon Buys 100,000 Electric Delivery Vans With Climate Pledge

The pledge would require companies to implement decarbonization strategies in line with the Paris agreement and calls on signatories to be at net zero carbon...

CEO of eBay steps down as company seeks to sell assets

The San Jose company said it will seek a permanent CEO and consider internal and external candidates. The news sent its shares down almost 2%. In 2018, eBay...

Nio Shares Plunge after Reporting Larger-Than-Expected Losses

Shares of Chinese electric-vehicle makers and suppliers fell after a worse-than-expected quarterly loss for NIO Inc ., the country's answer to Tesla Inc ., ex...

Juul boss Kevin Burns steps down amid vaping concerns

He is being replaced by K.C. Crosthwaite, who had been chief growth officer at tobacco company Altria, a major investor in Juul. The deal was aimed at challen...

Iran Rouhani dismisses European statement on Iran role in Saudi attacks

Tehran and Washington have been at loggerheads since May past year when Trump abandoned a 2015 nuclear deal and began reimposing sanctions on Iran in a stated ...

World's Richest Families Stockpiling Cash

That's according to UBS' global family office survey which takes in the views of hundreds of the world's wealthiest families about investment performance, all...

Atlas robot performs gymnastic flips and splits

After debuting just shy of two years ago, Boston Dynamics has finally made its Spot robotic dog available for sale , but don't expect to find a great Black Fri...

Trump urges China to settle situation in Hong Kong, protect freedom

John Sullivan, US Deputy Secretary of State at the UN. China has said it is committed to the arrangement and has repeatedly warned foreign countries not t...

Pressure mounts on WeWork CEO Adam Neumann as board weighs coup

On Friday, Wendy Silverstein, a big name in NY commercial real estate who joined WeWork previous year as head of its property investment arm, left the company...

Honda to hit brakes on diesel vehicles in Europe by 2021

The Japanese vehicle maker's long-term plan is to produce electrified and battery-electric models that will account for two-thirds of its lineup by 2030, up fro...

Gold Prices Slip Amid Gulf Tensions, Trade Talk Uncertainties

The big mover is Gold, shooting up from levels around $1,516 to see a high of $1,533 - as traders" re-price in a fresh political risk to go along with the trade...

Markets Right Now: Stocks drop as Dems eye Trump inquiry

US Treasury Secretary Mnuchin said that he thinks trade talks with China will resume in two weeks , although earlier he said that the Chinese Vice Premier is c...

Latest data shows continued slowing of home-price growth

At the same time as price growth is slowing, 30-year mortgage rates have fallen to less than 4% from almost 5% in November. Existing home sales rose in August...

Trump calls on world to stand up to 'Iran's bloodlust'

The president said North Korea is "full of untapped potential" but the country "must denuclearize to realize that promise". He speaks to the General Assembly on...

One-third of world's banks adopt UN-backed climate principles

Bank J Safra Sarasin has become a founding signatory of the United Nations' Principles of Responsible Banking (PRB) supporting the UN-led banking partnership ai...

Slowdown in Germany Is Only Taking a Break, No Trend Change: Ifo

Economy Minister Peter Altmaier, speaking immediately after the release of the Ifo data, said Germany's growth dynamics have deteriorated but insisted: "We are ...

Embattled WeWork CEO Adam Neumann stepping down

WeWork's board of directors had become increasingly concerned about the company's low valuation and investors' confidence in the CEO, after the company essentia...

BlackBerry misses revenue estimates, lowers outlook

The company, which keeps its books in US dollars, says the loss amounted to eight cents per basic share for the quarter ended August 31. The recently acquired...

Volkswagen CEO Diess accused of market manipulation

The prosecutors argued that Winterkorn had been aware of the issue and the potential resulting damage since at least May 2015, Poetsch since June 29 and Diess ...