Markets

Telstra to axe 8000 jobs in company restructure

The telecommunications giant, which had already targeted $1.5 billion in savings, says one in four executive and middle management positions will go as it cuts ...


Germany's largest automakers back abolition of EU-U.S. auto import tariffs

The move confirms a tit-for-tat dispute that could escalate into a full trade war, particularly if U.S. President Donald Trump carries out his threat to penal...


Volvo S60 Delivers Sharp Styling, Up To 415 HP

If you had closely studied the lines of the new V60 station wagon , you might have guessed what the 2019 Volvo S60 sedan going on sale this fall would look...


European Union to impose duties on US imports Friday after Trump tariffs

She called the European Union response proportionate and in line with World Trade Organization rules and said that they would be removed if Washington removed i...


All Flights Coming Into Charlotte Douglas Airport Delayed

More than 100 flights to and from Charlotte were canceled Thursday night due to a technical issue . American Airlines blames the delays on problems with a co...


Amazon Launches Alexa for Hospitality on Echo Smart Speakers, Marriot Signs Up

The idea here is that guests will be able to ask Alexa for specific information, such as pool hours, as well as ordering room service or asking the concierg...


Hackers steal $30 million from top Seoul bitcoin exchange

All deposits and withdrawals were suspended indefinitely to "ensure security", it said, adding the losses would be covered from the firm's own reserves. Bithumb...


Starbucks closing 150 stores

Starbucks shares slipped almost 2 percent in after-hours trading. "We must move faster to address the more rapidly changing preferences and needs of our custome...


Fox Is Said to Lean Toward Starting Negotiations on Comcast Bid

Disney is upping the ante for Fox, making a $70.3 billion counterbid for Fox's entertainment businesses following Comcast's $65 billion offer for the company ....


Renewed U.S.-China trade spat boosts safety demand for yen

It gave no details. Trump said on Monday he had asked the US Trade Representative to target $200 billion worth of imports for a 10% levy, citing China's "...


Mice chew up cash worth over a million rupees in India ATM

On June 11, bank appointed repairmen to correct the defaults of the ATM. To their astonishment, repairmen entered the cubicle only to find the piles of shredded...


Microsoft takes a stand against ICE separating parents from children

According to Bloomberg data , Microsoft now has active ICE contracts worth $19.14 million. Microsoft provides cloud computing to ICE through the company's A...


Macron, Merkel urge 'European response' to migrant crisis

The question of how many migrants the bloc can absorb came back to the fore strongly when last week Italy and Malta both turned back a rescue vessel carrying ...


Trump's latest swipe at Canada? Smuggling US shoes

The president, who called NAFTA "one of the worst deals ever made by this country, a disaster", said again he may pursue separate deals with Mexico and Canada...


Will Fox's board snub Comcast?

Britain said Rupert Murdoch's Twenty-First Century Fox had answered its remaining doubts about the independence of Sky News if the US company buys all of its pa...


Controversial sign at Dunkin' Donuts shop causes Twitter uproar

A photo of the sign began to make the rounds on Twitter early Monday morning. The sign has since been removed, according to CBS. A man who answered the phon...


McDonald's rolls out paper straws in 1,361 outlets across UK & Ireland

McDonald's said that plastic straws would still be available "for those that require it", but they will be kept behind the counter. Transcend Packaging w...


Trump Promises Apple That There Won’t Be iPhone Tariffs

As tensions continue to escalate between the United States and China over a USA plan to tax $50 billion in Chinese products, Apple is concerned that China's g...


Elon Musk Reckons A Saboteur Has Been Dicking Around With Tesla Production

Tesla's CEO Elon Musk warned employees about sabotage after two incidents this week put the company on guard. Musk said in the email, which was seen by Re...


Trump threatens China with new tariffs on $200 billion in goods

The yuan also hit a five-month low overnight after U.S. President Donald Trump's threat to impose a 10 per cent tariff on another US$200 billion of Chinese go...