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Australia banking inquiry makes 76 recommendations; none on criminal charges

Australia banking inquiry makes 76 recommendations; none on criminal charges

In a separate but related ruling on Monday which underscored the tougher new regulatory environment, Australia's corporate watchdog ordered an arm of Commonwealth Bank of Australia to stop taking fina...

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British PM May says she will seek 'pragmatic' Brexit solution in Brussels

British PM May says she will seek 'pragmatic' Brexit solution in Brussels

Nissan has cancelled plans to make its X-Trail SUV in the United Kingdom — a sharp blow to Brexit supporters, who had fought to have the model built in northern England. Downing Street denied the Co...

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Mercedes-Benz V-Class facelift gets 9-speed AT, new diesel engine

Mercedes-Benz V-Class facelift gets 9-speed AT, new diesel engine

The V-Class vans score a redesigned front bumper with the option of a trendier AMG Line version, along with new alloys and the choice of four new paint colours. The latter furthermore boasts an additi...

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GM to lay off more than 4,000 workers starting Monday morning

GM to lay off more than 4,000 workers starting Monday morning

Catharines Propulsion Plant - would be impacted. Layoffs start Monday as part of the previously announced 15 percent reduction in white collar jobs in North America, according to CNN . It's also pl...

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Land Rover Aborts Production of Ultra-Luxury Range Rover SV Coupe

Land Rover Aborts Production of Ultra-Luxury Range Rover SV Coupe

Land Rover , in effect, faced the prospect of building a small number by hand, or not building it at all, at a time when the company is focused on launching the next Defender and the next Jaguar XJ...

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BP to expand emissions disclosure on oil investments

BP to expand emissions disclosure on oil investments

A large group of investors, including Aviva, Hermes, Legal & General and the Church of England's investment fund, have been pressuring BP and other oil groups on the issue for several years. The propo...

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Venezuela Selling Its Gold to UAE for Cash

Venezuela Selling Its Gold to UAE for Cash

In total, the plan is to sell 29 tonnes of gold held in Caracas to the United Arab Emirates by February in order to provide liquidity for imports of basic goods, the source said, requesting anonym...

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RCom goes to bankruptcy court to resolve debt burden

RCom goes to bankruptcy court to resolve debt burden

RCom said "despite the passage of 12 months and over 45 meetings" it has become hard to get "100% approvals and consensus". Over twelve months, talks with forty lenders to reach a consensus has bee...

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Mike Ashley buys Sofa.com in cut-price deal -Sky News

Mike Ashley buys Sofa.com in cut-price deal -Sky News

Sofa.com has concessions in House of Fraser , the department store chain rescued by the billionaire last August. Mike Ashley is set to add another name to his collection of distressed retailers ...

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304000 jobs added in month

304000 jobs added in month

The unemployment rate climbed to 4 percent from 3.9 percent, while the labor force participation rate rose slightly to 63.2 percent. The partial government shutdown caused 800,000 workers to m...

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Amazon’s outlook disappoints after record holiday quarter; shares fall

Amazon’s outlook disappoints after record holiday quarter; shares fall

Net income jumped 63 percent to $ 3 billion for the fourth quarter, ahead of analysts' estimates. For the full year, net sales were up 31 percent to $232.9 billion, compared to $177.9 billion in 20...

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BP Commits To More Transparency Over Climate Change

BP Commits To More Transparency Over Climate Change

Energy giant BP will get behind a shareholder effort which would require it to work towards the goals of the Paris climate change agreement. Investors and analysts have said many oil and gas proje...

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Future of Net Neutrality to be Determined in Mozilla v. FCC

Future of Net Neutrality to be Determined in Mozilla v. FCC

The challenge at the DC Circuit Court of Appeals has been hailed as 'one of the most crucial cases in the history of Internet law.' Democratic FCC Commissioner Jessica Rosenworcel has stated that th...

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New 2019 BMW 7 Series plug-in hybrid has an impressive electric range

New 2019 BMW 7 Series plug-in hybrid has an impressive electric range

In Sport mode, the powertrain (electric motor + engine) puts out a total of 389bhp and max torque of 600Nm. The hybrid system also features a "preview" function which can allocate the electric power m...

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TSA agent falls to his death at Orlando Airport causing delays, confusion

TSA agent falls to his death at Orlando Airport causing delays, confusion

He was found in a critical condition and later pronounced dead in hospital. According to the Orlando Police Department, the person involved in the incident was an agent for TSA . ABC News report...

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Shell profits soar to highest in four years

Shell profits soar to highest in four years

The world's top oil companies are expected to have generated more cash in 2018 than at any other time this decade after years of cuts, but boards remain cautious amid uncertainty over oil prices. It...

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European Union backs visa-free travel for United Kingdom citizens after Brexit

European Union backs visa-free travel for United Kingdom citizens after Brexit

But the Spanish Government is pushing for the inclusion of a footnote in the draft legislation describing Gibraltar as a "colony " and referring to "controversy" over its status. The Government of Gi...

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Nissan 'abandons plans' to build new X-Trail in Sunderland

Nissan 'abandons plans' to build new X-Trail in Sunderland

However, since the plans were reportedly linked to greater investment, the move is not expected to significantly impact jobs. Nissan first said four months after Britain voted in June 2016 to leav...

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UK energy supplier npower to cut 900 jobs to reduce operating costs

UK energy supplier npower to cut 900 jobs to reduce operating costs

The energy giant - with its headquarters in Swindon - confirmed around 900 people will exit the company this year, but expects the actual number of redundancies to be lower. The first consultations ar...

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Disappointing factory activity threatens global growth

Disappointing factory activity threatens global growth

Meanwhile, large companies were more upbeat about growth prospects than smaller firms, Zhao said. The headline seasonally adjusted Purchasing Managers' Index™ (PMI™) - a composite indicator created ...

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Unilever fourth-quarter sales miss expectations

Unilever fourth-quarter sales miss expectations

Mr Jope, who succeeded Paul Polman as Unilever's chief executive in November, said the company was preparing for various Brexit scenarios but that a no-deal outcome would be the hardest to manag...

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Jobs at risk as iconic Australian make-up empire collapses

Jobs at risk as iconic Australian make-up empire collapses

The range then expanded into the United States, where it enjoyed success. Adding, " My family and I are 100 percent committed to achieving the best outcome for all stakeholders". "As we work toward...

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UK Citizens Will Still Travel Visa Free Through Europe After Brexit

UK Citizens Will Still Travel Visa Free Through Europe After Brexit

If the United Kingdom leaves the European Union without a deal, it will not be able to use the CE symbol that is imprinted on household items, like kitchen appliances and toys. "In fact, it would achi...

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Japan Economic Partnership Agreement enters into force

Japan Economic Partnership Agreement enters into force

Open access to the Japanese market will save European Union companies from paying €1 billion ($1.14 billion) of duties annually. "The EU-Japan Economic Partnership Agreement provides a significantly...

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Bezos' Investigation Into Leaked Texts Reportedly Collides With Trumpworld

Bezos' Investigation Into Leaked Texts Reportedly Collides With Trumpworld

The National Enquirer , which has a long and chequered past with Trump, early last month published a "blockbuster four-month investigation" revealing the world's richest man was having an affair with ...

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British vehicle production plunges

British vehicle production plunges

Official figures unveiled today reveal that the United Kingdom produced 1,519,440 new cars in 2018, compared to 1,671,166 in 2017, a fall of 9.1%. Businesses invested £589 million in 2018, just a fi...

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Trump considering Cain for open Federal Reserve seat

Trump considering Cain for open Federal Reserve seat

It was not immediately clear if Cain could survive a Senate confirmation hearing for the Federal Reserve post. Cain said in the interview with CBN host David Brody . He initially pushed back on the a...

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Elon Musk Makes All Tesla Patents Public To Save Earth

Elon Musk Makes All Tesla Patents Public To Save Earth

In an official blog post, Musk said that the electric auto maker company will not initiate a lawsuit against those who'd use the patented technology for a good cause. The new SUV will be produced ...

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Emirates evaluates converting Airbus A380 orders to A350

Emirates evaluates converting Airbus A380 orders to A350

The airline has 56 on order (with an option for 16 more) but the production rate is slowing to eight a year then down to six. It is becoming clear that at these rates the A380 program is not viable ...

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Oil giant Total reveals a new discovery at North Sea Glengorm prospect

Oil giant Total reveals a new discovery at North Sea Glengorm prospect

Initial results show that Glengorm could be one of the biggest finds in the UKCS in recent years, possibly the biggest since the Culzean gas field was discovered 11 years ago. "Glengorm is an achievem...

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