Finance

China pledges to support Africa with Sh6Trn investment on development

China pledges to support Africa with Sh6Trn investment on development

China also says it will wipe clean the debt for certain African countries when interest-free loans come due later this year. China has doubled its financial aid and investment pledges to Africa an...

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LEGO Builds Life-Size, Drivable Technic Bugatti Chiron

LEGO Builds Life-Size, Drivable Technic Bugatti Chiron

In what possibly seems to be the most outrageous thing ever built using Lego bricks, the toy brick company has now designed a full-sized replica of an actual Bugatti Chiron . The first transparent ...

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Mexico says again it will never pay for wall

Mexico says again it will never pay for wall

While critics said Canada had been frozen out, Freeland has repeatedly stressed that she remained in close touch with her United States and Mexican counterparts throughout the summer and had already a...

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Coca-Cola digs into coffee with $7b Costa purchase

Coca-Cola digs into coffee with $7b Costa purchase

Coca-Cola has agreed to buy the United Kingdom chain Costa Coffee for $5.1bn, stepping into a battle with Starbucks as it gains a global brand in hot drinks. Earlier this month, PepsiCo Inc. agree...

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View: By a 99.3% verdict, demonetisation was a farce

View: By a 99.3% verdict, demonetisation was a farce

For instance, the detection of fake Rs 50 and Rs 100 notes spiked the most in at least three years in the financial year ending March 2018. The RBI had introduced new Rs 500 and Rs 2,000 notes in ...

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Tesla buyout drama obscures progress on Musk's crucial model 3

Tesla buyout drama obscures progress on Musk's crucial model 3

Investors in electric vehicle firm Tesla are braced for rocky trading today after boss Elon Musk abandoned a shock plan to take the firm private. In a blog post Friday, the billionaire entrepr...

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Despite what Trump says, NAFTA deal may not be forthcoming

Despite what Trump says, NAFTA deal may not be forthcoming

US-Mexico relations are at their most strained in recent memory - and Mexico's newly elected president could ratchet up the acrimony. Guajardo is hopeful that a favorable agreement for all parties ...

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Markets Right Now: Stocks waver; market nears bull record

Markets Right Now: Stocks waver; market nears bull record

Retailer TJX climbed 4.38 percent after topping quarterly comparable-store sales estimates and raising its full-year earnings forecast. Optimism surrounding the Trump-enacted tax cuts helped the ...

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Democratic Senators to Trump on Manafort, Cohen Pardons: Don't Go There

Democratic Senators to Trump on Manafort, Cohen Pardons: Don't Go There

In tweets , Trump sought to contrast Manaforts posture with that of Michael Cohen , the presidents former lawyer and fixer , who on Tuesday entered a guilty plea in a Manhattan federal court on eigh...

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Australian prime minister could quit Friday

Australian prime minister could quit Friday

Australian Prime Minister Malcolm Turnbull speaks to the media during a press conference at Parliament House in Canberra, Aug. 23, 2018. Prime Minister Malcolm Turnbull's leadership of his party a...

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Trump takes aim at quarterly reports

Trump takes aim at quarterly reports

He suggested that a switch to only half-yearly reporting would save companies money, echoing the wishes of several top chief executives. The US President said he has asked the Securities and Exchan...

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Tesla shares SINK after Elon Musk details ‘EXCRUCIATING year’ in emotional interview

Tesla shares SINK after Elon Musk details ‘EXCRUCIATING year’ in emotional interview

Musk said he wrote the tweet regarding taking Tesla private as he drove himself on the way to the airport in his Tesla Model S. He told the New York Times that no one reviewed the tweet be...

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Turkey will respond if U.S. imposes more sanctions - trade minister

Turkey will respond if U.S. imposes more sanctions - trade minister

The lira, which has weakened 36 percent against the dollar this year, eased to 5.98 against the dollar by 0443 GMT from a close of 5.95, as investors weighed up the latest comments from the United S...

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China Files WTO Complaint over U.S. Solar Tariffs

China Files WTO Complaint over U.S. Solar Tariffs

President Donald Trump over trade and technology. Beijing said the U.S. measures are suspected of violating trade rules and that it would turn to the WTO's dispute resolution mechanism to protect it...

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Turkey’s president calls for a boycott of United States electronics

Turkey’s president calls for a boycott of United States electronics

Turkey has suffered the most from the feud, which has helped push its currency , the lira, to record lows against the dollar. The lira firmed as far as 5.75 against the dollar on Wednesday and st...

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Crude oil futures rise 0.51% on global cues

Crude oil futures rise 0.51% on global cues

While uneasiness about scarce oil supplies have cooled somewhat after Opec-member Saudi Arabia and other producers pumped more, the International Energy Agency warned that renewed American sanctions o...

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Firefighters rescue driver dangling helplessly from collapsed bridge

Firefighters rescue driver dangling helplessly from collapsed bridge

On Tuesday specialist engineering website "Ingegneri.info" published a piece that highlighted how the bridge had always presented "structural doubts", calling it " a tragedy waiting to happen ". In ...

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Turkey Boosts Tariffs Amid US Feud

Turkey Boosts Tariffs Amid US Feud

The lira was at 6.49 to the dollar, a gain of 4.5 percent on the day and 7.50 to the euro, well off the record lows of 7.24 to the dollar and 8.12 to the euro seen Monday. The US Treasury Department o...

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Tesla Board 'Totally Blindsided' by Musk's Suggestion to Take Company Private

Tesla Board 'Totally Blindsided' by Musk's Suggestion to Take Company Private

Funding to take the company private is apparently secured as well. Musk said that since his Twitter post on the possibility of a deal the managing director of the Saudi fund had expressed support fo...

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Turkey tries to contain crisis but currency keeps falling

Turkey tries to contain crisis but currency keeps falling

Turkey's central bank on Monday announced it was ready to take "all necessary measures" to ensure financial stability after the collapse of the lira , promising to provide banks with liquidity. Al...

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Lawsuit accuses Tesla’s Musk of fraud over tweets, going-private proposal

Lawsuit accuses Tesla’s Musk of fraud over tweets, going-private proposal

Musk and Tesla have yet to comment on the lawsuit, which was filed as a securities-fraud class action in federal court in San Francisco on Friday. mainly due to Tesla's stock boom. Indeed, ...

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Erdogan says Turkey to boycott United States electronic goods

Erdogan says Turkey to boycott United States electronic goods

The visit came hours after Brunson's lawyer appealed to a court for his release and for a travel ban against him to be lifted. The current crisis was sparked by Ankara´s refusal to release pastor An...

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Tesla surges after Elon Musk offers details about his 'financing secured' tweet

Tesla surges after Elon Musk offers details about his 'financing secured' tweet

Since Musk first tweeted on Tuesday that he was considering taking Tesla private at $420 a share and that he had "funding secured", he's offered no evidence to back up the statement. "This is why ...

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Donald Trump Authorizes More Steel and Aluminum Tariffs on Turkey

Donald Trump Authorizes More Steel and Aluminum Tariffs on Turkey

Turkey remains at loggerheads with the United States in one of the worst spats between the two North Atlantic Treaty Organisation allies in years over the detention for the last two years of American ...

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Oil slides after China announces tariff on United States crude

Oil slides after China announces tariff on United States crude

Last week's U.S. EIA crude oil inventories jumped significantly, putting downward pressure on oil prices before finding some support in the latter half of the week. Oil price rose today amid repo...

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Donald Trump says tariffs 'working big time'

Donald Trump says tariffs 'working big time'

And Washington is expected to impose additional levies on $16 billion worth of Chinese goods that Beijing promised it would immediately match. A Chinese Foreign Ministry spokesman had earlier call...

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Indra Nooyi, PepsiCo CEO, steps down after 12 years

Indra Nooyi, PepsiCo CEO, steps down after 12 years

Indra Nooyi was Pepsi's first female CEO and is one of the most prominent female chief executives in America. President Ramon Laguarta is elected as the new CEO by PepsiCo's board of directors wi...

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U.S adds 157000 jobs in July as worker wages tick up

U.S adds 157000 jobs in July as worker wages tick up

Last week, the commerce department reported that GDP had grown at an annual rate of 4.1% in the second quarter, the fastest pace in almost four years. Meanwhile, the nation's labor participation rat...

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China rejects USA demand to reduce Iran oil imports

China rejects USA demand to reduce Iran oil imports

Their arrival means state carrier Iran Air has received 13 of the 20 it ordered from the French-Italian manufacturer in April 2017. The AP reported that ATR has pushed the US for permission to sen...

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China unveils additional retaliatory tariffs on $60bn of U.S. goods

China unveils additional retaliatory tariffs on $60bn of U.S. goods

The Finance Ministry on Friday accused the Trump administration of damaging the global economy after it proposed imposing 25 per cent duties on $200 billion of Chinese products in a dispute over Bei...

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Wisconsin's five-day sales tax holiday begins Wednesday

Wisconsin's five-day sales tax holiday begins Wednesday

State officials estimate the sales tax holiday will reduce state revenue by up to $16.9 million in 2020. Iowa's annual sales-tax holiday will be held today and Saturday. "It's going pretty good", ...

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Apple hits historic $1-trillion stock market valuation

Apple hits historic $1-trillion stock market valuation

The milestone reinforces the massive power Apple has in the tech world - and with its momentum, the company is poised to further shake up Hollywood with an expected video-subscription launch some ti...

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Tesla's biggest net loss helps meet production target

Tesla's biggest net loss helps meet production target

VideoTesla soared in late trading after second-quarter revenue beat expectations and the cash burn slowed. "As a result, we expect to hit this rate sometime next year". The company said it has cut bac...

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Tech Podcast: Zuckerberg's riches take a hit as Facebook stock plunges : Bulletin

Tech Podcast: Zuckerberg's riches take a hit as Facebook stock plunges : Bulletin

Zuckerberg and Facebook are being sued in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out billions of shareholder weal...

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Facebook shareholders sue company after stock plunge 'shocked' market

Facebook shareholders sue company after stock plunge 'shocked' market

Internationally, sales were up 27 percent to $14.6 billion, while net loss fell from $724 million to $494 million. After-hours declines don't always hold the next day. The Observer revealed that da...

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