Business

Patisserie Valerie deputy chairman resigns amid accounting scandal aftermath

The accountancy regulator said that once the investigation process, which could take up to two years, was complete, it would decide whether to present a case ag...


Vanguard founder John Bogle dies at age 89

He popularized and became the leading proponent of indexing, the practice of structuring an investment portfolio to mirror the performance of a market yardstick...


Morgan Stanley posts disappointing Q4 earnings amid market turmoil

Notably, net revenues of institutional securities business reached 3.8 billion dollars, declining drastically by more than half a billion from that of 4Q2017. K...


Saudi energy minister urges 'fair' transition from oil

Saudi Arabia's renewable power target is less than a third of Crown Prince Mohammed Bin Salman's vision for a 200 gigawatt capacity buildup by 2030. Saudi Ar...


Why Powerball jackpot victor collected an extra $7 million

This means it's the biggest individual prize won in Australian lottery history. They'll get a whole slab of money. "The win gives me the chance to go and do t...


Lotus Cars to Be Built in China, Report Says

Frankly, if the successful launch of a Chinese-built luxury SUV cements the status of the designers and engineers at Hethel, and bankrolls their ability to make...


Ford to make all-electric plugin version of its F-150 truck

Tesla has announced a truck , and details are nebulous , but the company has a record of fast, long-range EVs . In a move that is created to better position i...


Perdue recalls chicken nuggets because they may contain wood

Department of Agriculture's Food Safety and Inspection Service (FSIS). "Out of an abundance of caution, we have made a decision to recall all packages of PERD...


Kganyago: Repo rate remains unchanged at 6.75%

The Monetary Policy Committee (MPC) has unanimously chose to keep the repurchase rate unchanged at 6.75% per year, says Reserve Bank (SARB) Governor Lesetja Kg...


Angel tax: Centre’s measures are a ‘mixed bag’, say experts

Section 56 (2) (viib) of the Income Tax Act provides that the amount raised in excess of a startup's fair market value is taxed at 30 per cent as income of the ...


Miami FL Conrad hotel must pay former dishwasher $21.5 million

A Christian who worked as a hotel dishwasher for the last 10 years won $21.5 million in a legal battle against her employer, the Conrad Miami hotel , who fir...


Facebook follows Google with funds to support journalism

The goal of the $ 300 million investment, according to Campbell Brown, Facebook's vice president of global news , is to help news organizations with "newsgath...


Microsoft pledges $500M to tackle Seattle housing crisis

In its own back yard, Microsoft is ready to spend $500 million to fix a growing problem it had a hand in creating. Microsoft is pledging $500 million to add...


Skopko locations in Northern Utah closing after bankruptcy filing

However, Powell's Shopko Hometown store itself is set to remain open - unlike dozens of Shopko locations that the company is planning to shutter across the U.S....


Government shutdown and your health: What you need to know

Several Democratic governors are promising federal workers who have gone without pay during the government shutdown that they are eligible for unemployment bene...


Hackers at Pwn2Own Stand a Chance to Win Tesla Model 3 Sedan

The company recently announced that it's partnering up with hacker contest Pwn2Own's organizers to award a free Model 3 to anybody who can uncover a major ...


Trump Cancels US Delegation Trip To Davos Over Government Shutdown

Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo were expected to lead the USA delegation in Trump's place, two senior administration of...


Huawei reportedly under investigation by USA for stealing trade secrets

A bipartisan group of lawmakers introduced new legislation that would ban exports to companies caught violating USA sanctions laws. Handelsblatt , citi...


Millions will get a raise if House Democrats succeed

State Senator Bob Ballinger's (R-Berryville) bill would amend the Minimum Wage Act to allow exclusions from the definitions of employee and employer. "Putting...


President Trump feels shutdown pressure from economists and House Speaker

Secret Service and the Department of Homeland Security have not been funded for 26 days now - with critical departments hamstrung by furloughs". And that not kn...


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