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Uber owes $649M for paying drivers as 'contractors'

According to a Bloomberg Law article published on Thursday by reporter Chris Opfer, New Jersey's Department of Labor and Workforce Development sent letters t...

Postal workers' union set to challenge High Court strike injunction

Mr Justice Swift said the CWU's actions amounted to "improper interference" with the vote on strike action. Royal Mail claimed the union orchestrated a "de fa...

BHP chief executive Andrew Mackenzie to be replaced by Mike Henry

BHP Chairman Ken MacKenzie said his deep operational and commercial experience in a career spanning the Americas, Europe, Asia and Australia made a "perfect ...

Russia's Putin: Saudi Arabia taking tough stance on OPEC deal

The current agreement expires in March 2020 and apprehension starts to build ahead of the OPEC+ meeting in the first week of December, which is expected to disc...

Canopy Growth's stock falls after losses widen, revenue rises less than expected

Zenabis Global Inc ( TSE:ZENA ) (OTCMKTS:ZBISF) saw its shares inch 1.4% higher in Canada after it posted quarterly revenue showing the cannabis producer narr...

Germany escapes recession but it is not a reason for happiness

Third-quarter growth in most major euro economies beat expectations. The German economy did not end up in a recession last quarter. She said "countries wi...

British Steel bought by China's Jingye Group

An agreement is of major political significance as Britain prepares to elect a new government on December 12. The deal has yet to be finalized, but Business M...

Growth of E-Commerce in PH

The GMV is used to measure sales across its shopping platforms. Single Day is an official holiday, anti-Valentine's Day in China to celebrate people who are n...

Nissan recalls more than 450,000 vehicles for fire danger

According to the Associated Press, the recall, detailed in documents posted Friday, Nov. 15, by the US government, covers the Nissan Murano SUV from 2015 thro...

China's economy falters with record-low investment growth

Growth in retail sales also slowed sharply over the year, increasing by 7.2%, down from 7.8% a month earlier. The industrial output added 4.7 percent in Octob...

US and China ‘Getting Close’ to Trade Deal: White House Economic Adviser

Speaking at a D.C. event for the Council on Foreign Relations Thursday, he said an agreement has not yet been made, but President Trump "likes what he sees". Th...

NCLAT's Essar Steel ruling set aside: Everything you need to know

Canara Bank which has an exposure of more than 3,900 crore, went up by 3.5%. On July 22 , the top court had put on hold the sale of Essar Steel to ArcelorM...

Canadian National Railway (NYSE:CNI) Shares Sold by BB&T Corp

First Financial Bank Trust Division lifted its stake in Canadian National Railway by 1.2% in the second quarter. Cetera Investment Advisers now owns 7,080 sha...

USA crude oil inventories down last week, API

Brent crude traded up 34 cents a barrel at $62.72. U.S. crude oil output hit a record of 13 million bpd this month and will grow more than expected in 2019 an...

Vodafone Idea exploring option to monetise data centres to pare debt

Telecom companies Vodafone and Bharti Airtel posted a combined loss of Rs 73,967 crore for the September quarter of fiscal 2019-20. This was almost double t...

Statistics Canada: B.C. unemployment rate best in country

The Bank of Canada said it would monitor "the extent to which the global slowdown spreads beyond manufacturing and investment" going forward while watching dome...

Fed's Powell said no 'warning signs' in US economy

Some Democratic members of the committee defended Powell from attacks levelled by President Donald Trump , who criticized the Fed Tuesday in a speech for n...

Gold rises as trade deal doubts pressure equities

Last week's correction in Gold price was triggered on news that the USA and China were both looking at unwinding some trade tariffs as they seek a resolution ...

WeWork losses double to $1.3bn as SoftBank struggles to stem spending

A year earlier it had 354,000 desks. The startup has lost over $2.9 million in the past twelve months. Defective earnings - the profitability of its core ente...

Production of Hyundai's Santa Cruz truck confirmed for 2021

The Korean firm says the USA plant will require a $410-million expansion to support the addition of this new vehicle. South Korean automaker Hyundai Motor 005...

Wetherspoon boss attacks 'up the spout' City rules

Even Wetherspoon, a medium-sized company, has 42,000 employees, 13,000 of whom are shareholders, and it contributes about one pound in every thousand of United ...

Tariffs' removal a 'condition' for USA trade deal: China

U.S. Treasury Secretary Steven Mnuchin said Chinese spending on U.S. farm goods will scale to an annual figure of $40 billion to $50 billion over two years as p...

Cantor Fitzgerald Begins Coverage on Aurora Cannabis (NYSE:ACB)

Other stocks tend always to have low volume, and aren't of particular interest to short-term traders. In terms of the Zacks Industry Rank, Medical - Products is...

Twinkies Cereal: It's nearly time to eat bowls full of Twinkies

Beginning in late December , fans of the sponge snack cake can consume it as a breakfast food, called Post Hostess Twinkies Cereal. Many people believe the s...

New Ferrari Roma is 200mph+ front-engined coupe

That's enough, says Ferrari, for a sprint from zero to 100 km/h in a claimed 3,4 seconds, with the 200 km/h mark reached in a claimed 9,3 seconds. That engine p...

Amazon Appeals Pentagon's $10 Billion JEDI Cloud Contract Award To Microsoft

It is meant to help the military upgrade and transfer classified data. Its Amazon Web Services division is far ahead of second-place Microsoft in cloud co...

Ford’s new Mustang is an electric SUV

The American carmaker's been teasing us with pre-production models and spy shots of what is purported to be a Mustang-based SUV. A reservation for the Musta...

Nike Reportedly To Stop Selling Products On Amazon's Website

For years, Nike had avoided wholesaling to Amazon, fearing its products would get lumped in with lesser-known brands and mixed up in e-commerce site's often sho...

South African Airways cancels nearly all flights for Friday, Saturday

SAA said on Tuesday that it is expected to finalise a restructuring plan by March 2020 which should save the firm 700 million rand ($47m), based on 944 employee...

Australia's Qantas operates 19 ½-hour London-Sydney flight

Data from the flight, which has the auxiliary objective of delivering an airplane fresh from the Boeing factory in Seattle to Qantas's home base, will be used...