Money

European business lobby says time is running out for China's reforms

Global stock markets skidded Tuesday after President Donald Trump threatened to put tariffs on another $200 billion in imports from China, and the Chinese gov...


Audi chief arrested over emissions

Stadler has been under fire after Audi too admitted in November 2015 that it also installed illegal "defeat device" software to cheat U.S. emissions tests. St...


Saudi Arabia struggles for Gulf oil producers' support

India, which is the world's third-biggest oil consumer and importer, on Wednesday urged OPEC nations to fill a supply gap and ensure sustainable oil prices as...


Telstra hit by another mobile phone outage

Despite the string of outages, Telstra networks group managing director Mike Wright has previously rejected calls for all customers to be compensated, and said ...


Australia's Telstra to slash 8,000 jobs in cost-cutting drive

Michael McCarthy at CMC Markets said the restructuring plan may not be enough to please investors in Telstra , whose share price has nearly halved in the past ...


German automakers offer to end EU's tariff's on U.S. autos

The EU has also filed a case contesting the legality of the USA tariffs with the World Trade Organization. The EU tit-for-tat tariffs will hit about 200 USA p...


Amazon’s Alexa is coming to Marriott hotel rooms

Regis Hotels & Resorts, Aloft Hotels, and Autograph Collection Hotels starting this summer. The idea here is that guests will be able to ask Alexa for specifi...


Starbucks Plans To Close 150 Stores Next Year

The company anticipates lower net new store growth in the United States for fiscal 2019 and said it would address rapidly changing consumer preferences by int...


Disney tops Comcast with $71.3 billion deal for Fox

Rupert Murdoch's 21st Century Fox Inc.is leaning toward starting negotiations with Comcast Corp., paving the way for a bidding war over its entertainment asse...


Xi can make life hard for USA companies after Trump threat

China denies such theft and accuses Washington of "deviating from the consensus reached by both parties". Although Mr. Trump's audience applauded his commen...


Korean Cryptocurrency Exchange Bithumb Loses More Than $30 Million in Hack

Bithumb then moved to relocate most of its funds to a cold (offline) wallet for safe-keeping, until it audits, rebuilds, and roots out the hackers from its IT s...


Telstra to axe 8000 jobs in company restructure

TELCO giant Telstra has announced it will be cutting nearly a quarter of its workforce in a massive company overhaul, with an aim to "eliminate customer pain ...


Rats chew through more than $20,000 of cash at Indian ATM

To get the machine repaired, the authorities had brought in ATM engineers from Kolkata and they found the currency notes shredded into pieces on Sunday when the...


Microsoft employees demand company cut ties with ICE

It was actually briefly removed but then later restored after a Microsoft spokesperson explained the removal was an employee "mistake". The public outcry over...


Musk says Tesla hit with `extensive’ sabotage by employee

The staff member also exported "large amounts of highly sensitive Tesla data to unknown third parties". According to the leaked email, his motivation was "tha...


Germany to refuse migrants from July if no European deal found: minister

She has vehemently opposed his calls for Germany to unilaterally turn back people previously registered as asylum-seekers in other European Union countries....


Apple iPhones won’t face tariffs amid China trade dispute

Oxford Economics estimates that if Trump imposed the US$200 billion in tariffs and China responded in kind, United States growth could slow by 0.3 percent...


Millennials said to be worst tippers

The millennial generation, those ages 18 to 37, are cheap when it comes to tipping restaurant servers, according to a new surveyed released by CreditCards.com...


China slams US trade threats as ‘blackmail’, warns of countermeasures

Trump has repeatedly called on China to end unfair trade practices and theft of US intellectual property. U.S. Trade Representative Robert Lighthizer , wh...


Trump blasts migration in Europe as causing 'culture' change

In his previous job as Bavarian governor, Seehofer was one of the leading critics of Merkel's decision in 2015 to leave Germany's borders open as migrants str...