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Subaru plans to electrify its entire vehicle line by the mid-2030s

Subaru plans to electrify its entire vehicle line by the mid-2030s

On Monday, Subaru announced plans to electrify its entire lineup by 2035 and during a technology briefing in Japan, displayed the first design study of a new electric vehicle it's working on. It...

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International Monetary Fund trims global economic outlook

International Monetary Fund trims global economic outlook

For the IMF , which sees growth accelerating to 3.4 percent next year, the positives include signs that the slump in manufacturing and global trade is bottoming out, "intermittent" good news on US-Ch...

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US President Donald Trump Calls Impeachment Trial "Disgraceful, Hoax"

Earlier today, House Intelligence Committee Chairman Adam Schiff and House Judiciary Committee Chairman Jerry Nadler told reporters that Republican Senate Majority Leader Mitch McConnell's pro...

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As Brexit nears, UK's Johnson pushes for deeper trade ties with Africa

As Brexit nears, UK's Johnson pushes for deeper trade ties with Africa

Mr Johnson and Home Secretary Priti Patel briefed the meeting on the Government's latest plans to introduce a new immigration system from January 2021 when the transition period following the UK's wit...

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International Monetary Fund trims global growth estimates 2020-21 but sees improving outlook

International Monetary Fund trims global growth estimates 2020-21 but sees improving outlook

The IMF now expects global GDP growth of just 2.9% for 2019, 3.3% in 2020, and 3.4% in 2021. Monday's downgrades were driven by a downward revision of India's economy and increased social unrest a...

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Central Bank Digital Currencies to Be Explored by Bank of England

Central Bank Digital Currencies to Be Explored by Bank of England

The BIS Green Swan report argued current risk assessment and climate change models cannot anticipate accurately enough the form that climate-related risks will take and the "potentially extremely ...

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South Korea Considering Taxing Crypto as

South Korea Considering Taxing Crypto as "Other Income"

The country could purportedly classify crypto gains in the same category as lottery winnings and thus tax them with 20%. At the same time, countries like Switzerland and Germany become a haven for...

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Zomato buys Uber’s food delivery business in India for $350 million

Zomato buys Uber’s food delivery business in India for $350 million

Zomato founder Deepinder Goyal said Uber Eats India users would now become Zomato users. " India remains an exceptionally important market to Uber and we will continue to invest in growing ...

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ONS: Unemployment in Scotland falls by 7,000 to 105,000

ONS: Unemployment in Scotland falls by 7,000 to 105,000

On the same period previous year, the unemployment rate fell from 4.1%, the employment rate was down from 75.8% to 74.9%, and the rate of economic inactivity was up from 20.8% to 22.7%, although this ...

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Trump sets off for Davos just as Senate impeachment trial heats up

Trump sets off for Davos just as Senate impeachment trial heats up

Climate activist Greta Thunberg told the world's political and business leaders Tuesday that the global movement sparked by her school strike was only the very beginning in the fight against globa...

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PM Imran Khan embarks on three-day visit to Davos today

PM Imran Khan embarks on three-day visit to Davos today

But before his appearance, Thunberg underlined the message that has inspired millions around the world - that governments are failing to wake up to the reality of climate change. In fifty years of i...

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Macron, Trump reach breakthrough in digital tax dispute

Macron, Trump reach breakthrough in digital tax dispute

The White House and the US Trade Representative's office did not immediately respond to Bloomberg for for comment. To drive home the message that the eurozone's second-largest economy is attracting in...

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BOJ keeps policy steady, nudges up economic growth forecasts

BOJ keeps policy steady, nudges up economic growth forecasts

Under a policy dubbed yield curve control, the BOJ guides short-term rates at -0.1% and the 10-year government bond yield around 0% via aggressive asset buying. In the report, the BOJ also upwardly re...

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FT: UK high-speed rail project could cost US$137b

FT: UK high-speed rail project could cost US$137b

The report said there was a "considerable risk" that the High Speed 2 (HS2) project's price could jump from the 81-88 billion pounds budget that was set by the government as recently as September. "...

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Here’s how Amazon’s rumored pay-by-hand tech could work

Here’s how Amazon’s rumored pay-by-hand tech could work

Amazon is reportedly pushing ahead with the new system, though it will no longer limit the tech to Whole Foods. These terminals will allow consumers to pay for their purchases with their palms, as all...

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Libya oil production nosedives as Haftar ignores calls to end war

Libya oil production nosedives as Haftar ignores calls to end war

The summit's main goal is to get foreign powers wielding influence in the region to stop interfering in the war - be it through weapons, troops or financing. The Russia-Turkey ceasefire appeared to ...

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Bitcoin (BTC) is Over $ 9,000! Bitcoin (BTC) is over $ 9,000 again!

Bitcoin (BTC) is Over $ 9,000! Bitcoin (BTC) is over $ 9,000 again!

One Rate3 token can now be bought for approximately $0.0006 or 0.00000007 BTC on major exchanges including BitForex, IDEX, ABCC and Bibox. Counos Coin (CCA) traded up 0.7% against the dollar and n...

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Trump's legal team argues impeachment process a 'charade'

Trump's legal team argues impeachment process a 'charade'

He needs to limit the political damage to his re-election bid as he seeks a second term in November. Rep. Jerrold Nadler, D-N.Y., another impeachment prosecutor, called it "arrant nonsense" and said e...

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Toyota moves Tacoma production to Mexico in $13B plant project

Toyota moves Tacoma production to Mexico in $13B plant project

The Tacoma is also being built in a factory in Baja California, Mexico. "This program will allow students to get a jump start on their careers while receiving hands-on training with industry experts...

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Time Magazine includes PM Imran in cover for special WEF issue

Time Magazine includes PM Imran in cover for special WEF issue

This would be the third leadership-level interaction between Pakistan and the USA since Prime Minister Khan's maiden visit to Washington in July 2019. The prime minister will deliver a WEF special ses...

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Ontario ticket takes Friday night’s $50 million Lotto Max jackpot

Ontario ticket takes Friday night’s $50 million Lotto Max jackpot

And the draw's guaranteed $1 million prize went to a ticket holder in Quebec. The winning numbers drawn were: 2-5-10-18-26 & 30. The jackpot for the next Lotto max draw on January 21 will be appro...

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International Monetary Fund cuts India’s FY20 GDP growth projection by 130 bps to 4.8%

International Monetary Fund cuts India’s FY20 GDP growth projection by 130 bps to 4.8%

The global financial institution attributed the current slowdown in the country to stress in the non-bank financial sector and weak rural income growth. The IMF also said it marked down growth forecas...

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No alignment with European Union on regulation UK Chancellor

No alignment with European Union on regulation UK Chancellor

The EU has said that the United Kingdom must remained aligned to EU regulations in order to secure a trade deal with the bloc at the end of the transition period in December 2020. "There will be an im...

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Buhari off to United Kingdom for investment summit

Buhari off to United Kingdom for investment summit

Commenting on the sponsorship, Chief Executive, Africa Regions, Standard Bank, Sola David-Borha, said, "We are proud to be a sponsor of this prestigious and important summit". "Africa has eight of the...

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Documents reveal how 'Africa's richest woman' stole fortune from her country

Documents reveal how 'Africa's richest woman' stole fortune from her country

Leitão. But under his supervision, the company, with boutiques in London, New York and Paris, sank in the red, despite an initial increase in sales, documents show. Ms dos Santos , whose fortune is e...

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Powerball results for 01/18/20; did anyone win the $322M jackpot?

Powerball results for 01/18/20; did anyone win the $322M jackpot?

Players have a 1 in 24.9 chance of winning any given Powerball drawing, though you'll have a 1 in 292.2 million shot at winning a jackpot. There were also no second-prize, $1 million tickets sold ac...

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Wedbush Reiterates Outperform Rating for Apple (NASDAQ:AAPL)

Wedbush Reiterates Outperform Rating for Apple (NASDAQ:AAPL)

Nuveen Asset Management LLC now owns 7,796,324 shares of the oil and gas company's stock worth $309,825,000 after buying an additional 7,741,700 shares in the last quarter. The stock has a market cap ...

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Best Buy says it is reviewing allegations made against CEO

Best Buy says it is reviewing allegations made against CEO

The company spokesperson did not detail what allegations were made in the letter. Best Buy employed the regulation company Sidley Austin LLP to habits an impartial overview and inspired "the letter'...

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China will increase imports from United States according to 'market principles'

China will increase imports from United States according to 'market principles'

The practices had been hurting the administration of United States for a long time and included issues like forced transfers of technology and theft in intellectual property and are going to get the a...

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Following The QuadrigaCX Scandal: Canada To Clamp Down On Cryptocurrency Exchanges

In Canada, securities are regulated by different Provinces and not the Federal government. The notice also detailed that the securities law can apply to platforms facilitating the buying and selli...

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