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Facebook to face USA antitrust probe from state attorneys general

Facebook to face USA antitrust probe from state attorneys general

The news, first reported by the Wall Street Journal , was confirmed on Friday morning by the NY attorney general, Letitia James. " Even the largest social media platform in the world must follow ...

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German industrial production drops again in June

German industrial production drops again in June

German industrial production unexpectedly fell in July as trade tensions took their toll, according to the latest figures released by Destatis , stoking recession fears. Nonetheless, the pace of decl...

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American Airlines retires classic MD-80 planes

American Airlines retires classic MD-80 planes

The future of the planes is unclear, but some say the plane was the "backbone" of American Airlines for decades. The carrier, which once operated around the third of world's Super 80 fleet, is now...

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Australia posts first surplus in 44 years

Australia posts first surplus in 44 years

Although net exports rose 0.6 percent for the three month period, and mining profits were up 10.6 percent, the household sector remained subdued with growth of just 0.4 percent. "The surplus is both a...

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Mining, manufacturing contribute to 3.1% GDP growth in second quarter

Mining, manufacturing contribute to 3.1% GDP growth in second quarter

Analysts had predicted a slower growth of 2.4%. At 0640 GMT the rand was 0.61% firmer at 14.99 per dollar, its firmest level since August 8, continuing the previous session's rally that saw the curr...

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Novatek Signs LNG Pact with Chukotka

Novatek Signs LNG Pact with Chukotka

Russia's largest independent natural gas producer Novatek has signed a cooperation agreement with the Government of the Chukotka autonomous area, situated in the Russian Far East. The Russian gas prod...

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UAW union chooses GM as its bargaining target

UAW union chooses GM as its bargaining target

Strike authorizations are considered to be a typical step in the negotiation process and do not always lead to actual strikes. About 96% of members approved potentials strikes during talks with Fiat C...

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Tesla Model 3 was UK's third bestselling auto in August

Tesla Model 3 was UK's third bestselling auto in August

By contrast, plug-in hybrid sales continued to decline since the Government cut subsidies for them , with the 907 registered in August representing a 71.8% decline on the same month a year ago. The 1...

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Facebook Testing New Timeline Design & Instagram Colour Wheel Option

Facebook Testing New Timeline Design & Instagram Colour Wheel Option

MarketWatch noted that this isn't the first time Facebook, as well as Facebook-owned Instagram , tested such a feature. "Currently, with this unreleased feature, the like/reaction count is hidden ...

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The pound rebounds after Johnson defeated in Brexit vote

The pound rebounds after Johnson defeated in Brexit vote

The vote later on Tuesday would create parliamentary time on Wednesday for MPs to debate and vote on draft legislation to force Johnson to delay Brexit by three months if he is not able to strike an a...

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PM's brother Jo Johnson quits politics UK News

Jo Johnson has resigned as Business Minister and MP for Orpington. The hearing in London comes the day after Mr Johnson fought off a similar action in Scotland . He told Radio 4's Today programme ...

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RBI mandates banks to link fresh retail loans to external benchmark

RBI mandates banks to link fresh retail loans to external benchmark

In August 2017 the RBI constituted an Internal Study Group (ISG) to examine the working of the Marginal Cost of Fund Based Lending Rate (MCLR ) system that was put in place in April 2016. Existing lo...

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US, China to resume trade talks in Washington in October

US, China to resume trade talks in Washington in October

China immediately hit back, slapping tariffs of up to 10 percent on over 1,700 items imported from the US. The United States and China have agreed to return to the negotiating table in Washingt...

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Oil prices fall as market eyes trade war, awaits stocks data

Oil prices fall as market eyes trade war, awaits stocks data

Washington began imposing 15% tariffs on an array of Chinese imports on Sunday, while China began placing new duties on US crude oil . -China trade war , with South Korea revising down second-quar...

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Tesla Model 3 is Now Completely Leather-Free Including a Steering Wheel

Tesla Model 3 is Now Completely Leather-Free Including a Steering Wheel

It was a wide-ranging - and at times freakish - conversation, that went viral on social media. The 'agency's first overseas manufacturing unit is due to start manufacturing by the end of the year, a...

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Boris Johnson calls on MPs to back October general election

Boris Johnson calls on MPs to back October general election

The amendment, demanding a debate on Mrs May's final Brexit offer that offered concessions following cross-party talks, was passed by default after nobody turned up to count the no votes. The beleague...

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Amazon's New Payment System Will Apparently Use Your Hands As ID

Amazon's New Payment System Will Apparently Use Your Hands As ID

The idea here is that when you are about to check-out, you can simply scan your hand, and Amazon will automatically charge your credit card it has on record, without you needing you to get your phone ...

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SEC warns of fraudulent Bitcoin page

SEC warns of fraudulent Bitcoin page

Bitcoin Co had made a sudden announcement that it would no longer function and that its digital asset exchange service would end by September 30. The exchange had a five-year work experience and ...

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Maruti Suzuki announces 'no production days'; share falls 4%

Maruti Suzuki announces 'no production days'; share falls 4%

At 1236 hrs, Maruti Suzuki India was quoting at Rs 5,875.95, down Rs 173.80, or 2.87 percent on the BSE. "Both days will be observed as no production days, it added". In the "mini and compact" segme...

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Dow drops 400 points on new tariffs and global economic troubles

Dow drops 400 points on new tariffs and global economic troubles

August also saw the yields - or returns - on short-term USA bonds eclipse those of long-term bonds for the first time since the financial crisis, a phenomenon that has preceded every recession since 1...

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United Kingdom economy ‘in danger of entering recession’ as service sector slumps

United Kingdom economy ‘in danger of entering recession’ as service sector slumps

Earlier in the week, IHS Markit survey had showed India's manufacturing output in August grew at the slowest pace in 15 months. "Inevitably business confidence followed suit, dropping like a brick...

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Hong Kong protests explained

Hong Kong protests explained

Earlier this week, Reuters published a recording of Lam speaking to a group of business executives where she said would step down if she were able to - suggesting that Beijing has forced her to rema...

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Facebook brings face recognition to all users, discontinues 'Tag Suggestions'

Facebook brings face recognition to all users, discontinues 'Tag Suggestions'

In addition, features like Photo Review, which lets you know when you appear in photos even if you are not tagged, as long as you have permission to see the post based on its privacy setting , will n...

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Restrictions on hard currency take effect in Argentina

Restrictions on hard currency take effect in Argentina

The peso closed 5.39% higher at 55.98 per USA dollar, traders said, its strongest level in a week after a near record low close on Friday. The present economic disaster has not yet sparked civil dis...

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United Kingdom gov't loses working majority after defection

United Kingdom gov't loses working majority after defection

The British government has officially lost its working majority in the United Kingdom parliament after Tory MP Phillip Lee quit to join the Liberal Democrats, delivering a hammer blow to Prime Minis...

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Rupee tumbles 67 paise to 72.09 against US dollar

Rupee tumbles 67 paise to 72.09 against US dollar

The Sensex ended the day lower by a huge 769 points, while the Nifty dropped 225 points, as investors sold heavily into stocks on a poor GDP number of 5%. Sharma, head of PCG and Capital Markets Strat...

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Month After Texas Shooting, Walmart To Stop Selling Handgun Ammunition

Month After Texas Shooting, Walmart To Stop Selling Handgun Ammunition

This weekend brought tragedy to Midland and Odessa, Texas". "A month ago, in El Paso, Texas , a gunman with an assault-style rifle launched a hate-filled attack in our store, shooting 48 people res...

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United Kingdom launches 'get ready for Brexit' campaign

United Kingdom launches 'get ready for Brexit' campaign

The British Fashion Council (BFC) is appealing to the government to avoid a no deal Brexit, claiming that it would have a "negative impact" on the fashion industry. United Kingdom cabinet minister M...

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Pound on the rocks as rumours of snap elections mount

Pound on the rocks as rumours of snap elections mount

It was down 0.4% on the euro ( GBPEUR=X ) at just over €1.10. Meanwhile, this afternoon's US ISM manufacturing PMI - a preferred measure for manufacturing output - slipped into its first contraction s...

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Europe must ignore 'treacherous promises' of Facebook's Libra digital currency, says European Central Bank

Europe must ignore 'treacherous promises' of Facebook's Libra digital currency, says European Central Bank

Mersch is the latest to attack Libra , with US lawmakers having criticized the currency repeatedly over the past few months. The stance of central banks toward modern forms of money is bound to evo...

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