Business

VW will reduce model complexity, engine variants to accelerate margin hike

Michael Jost, strategy chief at VW, told an automotive summit conferences in Wolfsburg, Germany , this week: "In the year 2026 will be the last product start o...


Amazon workers hospitalised as robot accidentally releases bear repellant

Self-defense blogs seem to agree that bear spray is less incapacitating than pepper spray made to be used against humans, but it is still quite irritating. Pre...


Free Cheesecake Today From The Cheesecake Factory

Starting at 11:30 a.m. Wednesday, the popular restaurant chain will give away 40,000 free slices of their namesake dessert in celebration of their 40th annive...


SouthWest Airlines plane skids off runway at Burbank airport

Passenger Moe Storch tweeted the Southwest plane from Oakland to Burbank appeared to hydroplane after it landed on the wet runway. The accident happened durin...


Burger King is offering 1-cent Whoppers ‘at’ McDonald’s

If a guest is inside one of these geofenced areas and has the new BK ® App on their device, the app will unlock the WHOPPER ® sandwich for a penny promotion...


Stocks drop as falling U.S. yields, trade worries hit mood

Morgan Asset Management told clients. The longest-duration Treasury bond (meaning fixed-interest debt backed by the US government) is 30 years. That the low...


Treasury Report Recommends Post Office Raise Rates On Amazon Parcels

The report found that the Postal Service is not correctly assessing the costs it incurs in delivering packages for companies like Amazon , but it did not m...


Huawei CFO arrest outrages China and rattles markets

Sources told Reuters in April that USA authorities have been investigating Huawei, the world's largest telecoms equipment maker, since at least 2016 for alleg...


Huawei CFO arrested for violating USA trade sanctions

They agreed to a 90-day truce in an escalating trade war that is threatening world economic growth and has set global investors on edge. The arrest of Meng - ...


What We Know About George H.W Bush's Funeral Services

Trump also announced that he'll be sending one of the Boeing 747s that serves as Air Force One to Houston to transport Bush's casket to Washington, D.C. After d...


Carney hits back at critics of Brexit scenarios

Bank of England Governor Mark Carney hit back at critics of the central bank's warnings of a potentially big Brexit hit to the economy, denying allegations...


Oil Slips Below $60

The oil price "fell and then rose again but in my opinion, a level around US$60 is quite acceptable, we are completely satisfied", he told an investment forum. ...


Saudi Arabia works on convincing Russian Federation to join oil cuts

Ardabili says any meaningful cuts in production must be made by the countries which have pumped above their quotas in breach of a 2007 deal between OPEC and non...


Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.

We'll update you as this story continues. In 2013, Reuters revealed that Meng served on the board of Skycom Tech, a Hong Kong-based firm that attempted to s...


Facebook's reputation as an employer is really suffering

Andrew Chamberlain, Glassdoor Chief Economist. Luckily, one of the world's largest job and recruiting sites Glassdoor has just released its benchmark list o...


This Market Indicator That Frequently Signals a Recession Just Flashed Red

Asian stocks fell on Wednesday, dragged by Wall Street's tumble as sharp declines in long-term US Treasury yields and resurgent trade concerns stoked investor...


RBI maintains status quo: Key takeaways from fifth bi-monthly policy meet

The statutory liquidity ratio (SLR) will go down by 25 basis points every quarter from January-March, every calendar quarter, until the SLR reaches 18 percent o...


USA markets tumble after trade war truce weakens

The yield on five-year Treasury bonds has fallen below the yield on a three-year bond for two days running, meaning that USA investors are being paid more to ho...


Trump-Xi consensus reached on trade but statements differ — Global Geopolitical Series

Trump said he and Xi "have a very strong and personal" relationship. But the White House also said the existing 10% tariffs on $200bn worth of Chinese goods w...


UK retailer Ted Baker to investigate company "culture of hugs"

HANOI • Two foreign pilots of the Vietjet plane which saw its nose wheels fly off as it landed last week have been suspended pending investigations. 'Accordin...


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