Money

United Kingdom to freeze most public sector wages and decrease foreign aid

MORE NEWS THIS CATEGORIES

Coronavirus: WHO readies master plan to tackle rapid spread in China

A spokesman for China's health commission, Mi Feng, said the change was aimed at identifying suspected cases in which the patient has pneumonia so they can be...

Retail inflation rises to 7.59% in January on higher food prices

Vegetables remained costly, showing a 50% inflation rate, despite the recovery in onion prices. However, inflation rate for pulses moved up a tad to 16.71 per c...

Singapore's DBS evacuates 300 staff after employee contracts coronavirus

An email seen by The Straits Times said that there was a confirmed case at the DBS Asia Central office on the 43rd story of Marina Bay Financial Centre (MBF...

RBNZ Strikes More Hawkish Tone In Keeping Rates On Hold

Sentiment continues to improve with the continued slowdown in the rate of growth in new coronavirus cases and as such global equity markets along with risk link...

Coronavirus death toll jumps by record 242 in just one day

Hubei authorities have been criticized fiercely for not having responded to the deadly virus in the early stage of the outbreak, which, as of Thursday, had kil...

Amazon lawsuit causes judge to temporarily block Microsoft Pentagon contract

The judge told Amazon and the Pentagon to confer by February 27 on what portions of the opinion can be released publicly. The ruling is a victory for Amazon, ...

Tesla recalls 15,000 Model X SUVs for power steering issue

Musk, a billionaire entrepreneur who reached a regulatory settlement with the SEC in 2018, had brushed off questions as recently as late January about whether ...

Skateboards to EVs: Hyundai taps Canoo for cost reduction

Hyundai-Kia and Canoo announced on February 12 that they have signed a mutual cooperation agreement on the development of next-generation electric vehicles ...

Airbus reported net loss by the end of 2019

A weaker sales outlook for the military transporter led to a 1.21 billion euro charge and will continue to weigh in coming years, Airbus said on Thursday. As th...

Minister offers to meet chiefs over cross-country anti-pipeline protests

Protesters supporting the Wet'suwet'en First Nation blocked traffic in downtown Ottawa for about an hour Wednesday evening. Via Rail is cancelling service o...

Jeff Bezos just reportedly bought the most expensive home in Los Angeles

The house is spread over 13,600-square foot and has many terraces, gardens, two guesthouses, a swimming pool, tennis court, and a nine-hole golf course! The p...

SoftBank-Backed Brandless Closes Down

Included in its shut-down, business will allegedly lay off 70 workers, together with 10 staying aboard to solve outstanding orders and figure out how to market ...

Powell hears bipartisan Senate support for Fed independence

Powell was answering questions from senators on the second day of semi-annual congressional testimony, which also saw him quizzed on the coronavirus and housi...

United Kingdom economic growth in 2019 beats expectations

Rob Kent-Smith, head of GDP at the ONS, said: "There was no growth in the last quarter of 2019 as increases in the services and construction sectors were offs...

Algeria: OPEC calls for more oil cuts on coronavirus impact

Those were the highest settles for both futures since January even though the US government reported a larger-than-expected weekly build in crude inventories th...

Google's head of human resources is stepping down

San Francisco: On Monday, amid stories of rising worker discontent, the corporate's HR (HR) chief Eileen Naughton confirmed her withdrawal from workplace on ...

European Union 'surprised' at Boris Johnson's Brexit stance

The UK may well care for near-friction-less trade with the European Union while enjoying the freedom to ink trade deals with the rest of the world. He told ...

LPG prices hiked after Delhi election results

Since August, the companies are hiking LPG prices every month, thereby burning a hole in common man's pocket. With the increase, the subsidy burden for the ...

F1 postpones Chinese GP because of coronavirus fears

The Chinese Grand Prix scheduled for April 19 will likely be called off due to the coronavirus threat, with an announcement by F1 expected to be imminent. "We...

New Freeports across country hope to turbocharge UK post-Brexit

But chief secretary to the Treasury Rishi Sunak denied the plan will facilitate tax avoidance, and said a USA trade boss reassured them they are safer than othe...

China's Q1 smartphone sales may halve due to coronavirus

IDC highlights Huawei's Mate 30 Pro strong performance and vivo's successful iQOO brand as the main driving factors for Huawei's and vivo's market performanc...

N26 exit from United Kingdom banking market - Official Statement

A spokesperson said the bank had "several hundred thousand" United Kingdom customers. The German-based lender blamed Brexit and red tape for its decision to c...

Judge clears major hurdle in T-Mobile's $26.5B Sprint bid

But the DOJ, in seeking to create a viable fourth wireless carrier, insisted Dish be allowed to sell a 50 percent stake to strategic investors as long as they...

Foxconn forced to continue closure of main iPhone manufacturing plant

The bad news is that just 10% of the factory's workforce turned up. With many reports on the deadly coronavirus which first emerged in Wuhan, China, circulati...

January Jobs Report: 225,000 People Hired; Unemployment Creeps Up to 3

Still, after more than a decade of steady growth and job gains, and with steep tariffs on many products from China still in place, it is questionable whether ...

Murkowski: 'I Cannot Vote to Convict' President Trump

The pervasive toxicity at both ends of Pennsylvania Avenue all but forestalls the possibility of legislative accomplishments this year. "I don't know if you guy...

U.S. Trade Deficit With China Dropped Nearly 18% in 2019

In fact, growth in the world's largest economy slowed in 2019 to 2.3% compared to 2.9% in 2018, as business sharply curtailed investment due to the trade uncert...

Father of Parkland victim ejected from State of the Union

While it remains unclear whether the President avoided Pelosi's handshake on objective, tension between the White House and the California Democrat has heighten...

China to supply 1.2 tril. yuan to money markets amid virus spread

The effect of the outbreak would be temporary, the Chinese economy would maintain good momentum, and financial regulators have "full confidence" they can keep t...

Traveller from Thailand confirmed as South Korea's new virus case

The 42-year-old patient, who wasn't identified, traveled home on January 19 from Thailand, where there have been 19 confirmed cases of the virus, according to a...

Gasoline down a penny per gallon in MA

Almost 5,000 stations are now selling gasoline under $2 per gallon, a critical psychological level, while some 17 states have at least one gas station under the...

Coronavirus: Britons now advised to leave China if they are able to

France also issued an advisory, warning against any non-essential travel to China and suggesting that French citizens in China return home. He added: "The ...

Johnson lays out vision of trade ties with EU

Michel Barnier laid out the bloc's draft negotiating guidelines on the future relationship, saying the European Union needs to remain "clear-headed". "It is i...

Earth Fare grocery chain closing all stores, including in Columbia

Earth Fare has filed a Worker Adjustment and Retraining Notification Act (WARN) notice, and all of its employees have been notified of the store closures, acc...

Macau to close casinos, bars and cinemas for two weeks over virus

At a meeting between the Gaming Inspection and Coordination Bureau (DICJ) and representatives of casino industry on Sunday, the six operators agreed to provide ...