Finance

Australian telecom giant Telstra to axe 8,000 jobs

Australian telecom giant Telstra to axe 8,000 jobs

Mr Penn said the telecommunications sector had never been under more pressure, with the development of the NBN, significant increased competition, and huge pressure to invest in new technologies. As...

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German automakers offer to end EU's tariff's on United States autos

German automakers offer to end EU's tariff's on United States autos

Officials in Brussels, spearheading the member states' response, said the list of U.S. imports that will now face an extra duty at the European Union border includes steel and aluminium products, ag...

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Flights at ILM airport affected by technical issue

Flights at ILM airport affected by technical issue

A spokesperson for American Airlines told FOX 46 that PSA Airlines is having problems tracking flight crews. " Our team, in coordination with PSA, is working hard to resolve the issue as quickly as ...

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Alexa Is Coming to Your Hotel Room

Alexa Is Coming to Your Hotel Room

Alexa for Hospitality is available to hotels, vacation rentals, and other hospitality providers starting today, with Marriott International signed up to deploy the service across its hotel portfo...

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Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack

Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack

It also said that it would fully compensate all of its customers affected by the hack. The Bithumb theft highlights the security risks and the weak regulation of global cryptocurrency markets. It is...

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Starbucks plans to close 150 locations

Starbucks plans to close 150 locations

Starbucks shares slipped almost 2 percent in after-hours trading. According to Bloomberg News, the comparable sales performance would be Starbucks' weakest in nine years. Starbucks aims to rein in ...

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Disney making $70.3 billion counterbid for Twenty-First Century Fox

Disney making $70.3 billion counterbid for Twenty-First Century Fox

As part of the deal, Disney will acquires 20th Century Fox, Fox's film studio, as well as a cable group that includes FX Networks, National Geographic and several worldwide channels and regional sport...

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Trump trade adviser says he has no knowledge of iPhone tariff exception

The US leader warned Friday of " additional tariffs " should Beijing hit back with tit-for-tat measures. On July 6th, both the US and China will impose 25% tariffs on $34 billion worth of Chines...

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Notes worth Rs 12 lac destroyed by mice inside Assam's Tinsukia ATM

Notes worth Rs 12 lac destroyed by mice inside Assam's Tinsukia ATM

When the bank sent the technician to fix the ATM, it was found that Rs 12 lakh was ruined by rats. The four-legged rodents tore currency notes worth 12 lakhs into tiny bits and pieces in an unpreced...

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Microsoft slammed for ICE contract, amid child separations

Microsoft slammed for ICE contract, amid child separations

The post mainly mentioned Azure Government's ability to process data on edge devices or utilize deep learning capabilities to accelerate facial recognition and identification. "The agency is now i...

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Merkel hits back as Trump doubles down on German crime figures

Merkel hits back as Trump doubles down on German crime figures

The interior minister, who is also leader of the more conservative Christian Social Union (CSU) party, made the ultimatum earlier today, demanding that the Chancellor end Germany's open-door asylu...

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Canadian smuggling claims by Trump exaggerated

The Trump administration has already imposed punishing tariffs on imports of steel and aluminum from Canada, Mexico and the European Union, using national security as a justification. The governme...

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Rupert Murdoch must increase Sky News budget to £100m

Fox, which now owns 39pc of Sky , would continue to pay the costs of the rolling news channel for 15 years, even if it also sells the rest of the company to Disney as part of a massive asset sale. ...

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No plans to axe McDonald's straws here despite UK move

No plans to axe McDonald's straws here despite UK move

McDonald's will start testing plastic straw alternatives at select U.S. locations this year. The first paper straw factory in the "last several decades" in Britain is planning to launch in W...

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Trump Told Apple CEO iPhones Will Be Spared From China Tariffs

Trump Told Apple CEO iPhones Will Be Spared From China Tariffs

Two decades ago, China's economy was largely fuelled by exports, but it has made progress in rebalancing towards domestic investment and consumption since the global financial crisis erupted last de...

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Controversial sign at Dunkin' Donuts shop causes Twitter uproar

Controversial sign at Dunkin' Donuts shop causes Twitter uproar

And regular customers told WBAL that they were appalled by the sign as well. Dunkin' Donuts has since released a statement regarding the controversy and revealed the sign has been removed from the...

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Elon Musk says Tesla factory was sabotaged by disgruntled employee

Elon Musk says Tesla factory was sabotaged by disgruntled employee

The culprit, whose identity remains unknown, allegedly admitted to making "direct code changes to the Tesla Manufacturing Operating System under false usernames", Musk, the company founder, wrote in...

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Trump threatens additional tariffs on $200 billion of Chinese goods

Trump threatens additional tariffs on $200 billion of Chinese goods

The 25 percent tariff will be applied to $ 50 billion of goods from China that "contain industrially significant technologies", he said . Washington and Beijing appeared increasingly headed towa...

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Amazon sells Aussies a way to beat geo-block with Prime

This comes after Amazon announced it will stop shipping orders from its United States site to Australian addresses in order to avoid having to comply with the new GST laws. . "We are really proud to...

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Trump taps Kathy Kraninger to take over consumer protection bureau

Trump taps Kathy Kraninger to take over consumer protection bureau

Kraninger, who oversees the preparation of the budgets for several Cabinet departments, was selected over the objection of some officials inside the White House, who argued that her relative inexperie...

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Trump threatens additional $200bn in tariffs on China

The US "practice of extreme pressure and blackmail departed from the consensus reached by both sides during multiple negotiations and has also greatly disappointed global society", China's commerce mi...

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Chanda Kochhar to go on leave till probe gets over

Chanda Kochhar to go on leave till probe gets over

In his new role, he will be responsible for handling all the businesses and corporate centre functions at ICICI Bank. With its Managing Director and CEO Chanda Kochhar battling allegations of corpor...

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President Trump Highlights Detrimental Impact of Migrant Crisis on Europe

President Trump Highlights Detrimental Impact of Migrant Crisis on Europe

But the crisis shaking the new administration has come from within Merkel's own conservative family, as her interior minister has pushed for Germany to turn back unilaterally some migrants at its bord...

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Trump doubles down on trade war with China by announcing new tariffs

Trump doubles down on trade war with China by announcing new tariffs

Initially, 545 U.S. products valued at $34 billion will be targeted by China, mimicking the Trump administration's tariff rollout. The president announced on Friday that the US would impose 25 per...

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Elon Musk Just Predicted Exactly When Tesla Stock Will Rebound

Elon Musk Just Predicted Exactly When Tesla Stock Will Rebound

In various statements in public and recently to Tesla employees, Musk has said that he routinely lives around the clock at the manufacturing plant while the company tries to increase production of the...

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CYBG, Virgin Money join forces to take on Britain's biggest banks

Britain's Clydesdale Yorkshire Banking Group today said it had bought Richard Branson's Virgin Money for 1.7 billion pounds, as it seeks to challenge the dominance of top lenders. CYBG shares were tra...

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Google invests $550m in Chinese e-commerce giant JD.com

Google invests $550m in Chinese e-commerce giant JD.com

Google isn't planning on doing anything new in China as a result of the deal. Google is also thought to benefit from JD.com's initiatives into voice-powered shopping. "The announcement isn't focused o...

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Audi CEO Rupert Stadler detained in diesel emissions case, reports say

Audi CEO Rupert Stadler detained in diesel emissions case, reports say

Prosecutors from Munich carried out searches in the homes of current and former Audi employees on Wednesday as part of an investigation into diesel emission control software cheating by the. The age...

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Audi CEO Rupert Stadler arrested over emissions scandal

Just last week, Volkswagen agreed to pay a 1 billion-euro fine imposed by German prosecutors for cheating to get around diesel-emissions regulations. Volkswagen admitted that almost 600,000 cars sol...

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McDonald’s to scrap plastic straws in UK and Ireland

McDonald’s to scrap plastic straws in UK and Ireland

In addition to the US testing, McDonald's will implement paper straws in all 1,361 of its restaurants in the United Kingdom and Ireland, with the rollout scheduled to begin in September and conclude...

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Ether explodes higher after SEC news

Ether explodes higher after SEC news

Can they similarly evolve from being a security issue at the time of their ICO to a utility token necessary to conduct transactions within an app or network? What I believe may be most exciting abou...

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Zenith and Saatchi & Saatchi Melbourne Win Global Ride-Sharing Company DiDi

Zenith and Saatchi & Saatchi Melbourne Win Global Ride-Sharing Company DiDi

According to a Didi Chuxing spokesperson: 'What I can say is that Melbourne drivers are continuing to respond exceptionally well to the product we are offering.in fact, almost 100 drivers attended a...

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European Central Bank says euro 'irreversible'

European Central Bank says euro 'irreversible'

That provided extra support for the notes, which have been boosted by more euro-friendly rhetoric from officials in Italy's newly formed government. While a few items remain on the USA central bank´...

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Trump planning 25% tariffs on up to $50 billion of Chinese goods

Trump planning 25% tariffs on up to $50 billion of Chinese goods

China responded vigorously in state media on Saturday after the administration of U.S. President Donald Trump said it would impose tariffs on $50 billion (37.7 billion pounds) of Chinese imports...

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U.S. Oil Prices Rise as Stockpiles Fall

U.S. Oil Prices Rise as Stockpiles Fall

This implies that US crude output, which is already at a record-high of 10.8 million barrels per day (bpd), will also rise further, according to energy services firm Baker Hughes. Trump pushes the c...

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SA's unemployment rate heads down in May

According to numbers released Wednesday by the Employment Security Department, the unemployment rate for May dropped to 4.7 percent from April's 4.8 percent. Monthly hours worked in all jobs decreased...

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Trump announces United States tariffs on $50 billion in Chinese imports

Trump announces United States tariffs on $50 billion in Chinese imports

It said the tariffs would be applied in two stges: an initial slimmed-down list of 818 product lines worth $34 billion, followed by a second list of products that have largely benefited from i...

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One of two Kansas City sheriff's deputies shot during inmate transport dies

One of two Kansas City sheriff's deputies shot during inmate transport dies

The men's names haven't been released. The suspect was also injured in the shooting. This is the fourth incident in which Wyandotte County law enforcement personnel have been shot in the last thre...

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Theranos founder, former president indicted on wire fraud charges

Theranos founder, former president indicted on wire fraud charges

The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud p...

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Trump hails big tariffs on China

Trump hails big tariffs on China

And we're going to protect those secrets. American businesses, however, are anxious that rising trade tensions will hurt US economic growth. -China trade war jolted financial markets Friday. "He add...

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