Money

Horror aftermath of the Californian parking lot plane crash

No one on the ground was injured, but an unoccupied auto in the parking lot was extensively damaged. Fire authorities were called at 12:28 local time (19:28...


Pakistan Tehreek-e-Insaf announces Imran Khan as its PM candidate

PTI will nominate its chief Imran Khan for the post of PM today. He said that 4 seats of Balochistan National Party aren't included in the list as negotiatio...


PepsiCo's Indra Nooyi to step down as CEO

She will remain chairman until early 2019 to ensure a smooth and seamless transition. PepsiCo president Ramon Laguarta will replace Nooyi, the company added. ...


Coinbase Announces Final Testing Ahead of Ethereum Classic Listing

Following their listing policy, ETC books will open in post-only for at least 10 minutes, with trading on Pro and Prime to be activated afterward once suffi...


China threatens to slap import tax on $60 billion of United States imports

The Trump administration ratcheted up pressure for trade concessions from Beijing this week by proposing a higher 25 per cent tariff on $200 billion worth of ...


Mexico says talks with US will cover outstanding NAFTA issues

The sources said the US and Mexico were close to agreement on a regional value content for steel and aluminum as well as on labor wage content requirements. Gua...


Trade tensions weigh on oil prices

Efforts by the Trump administration to choke off Iran's oil exports are being thwarted by China , which has refused to stop buying crude in the face of reimpos...


5 killed in CA when plane crashes into parking lot

There was no fire and nobody on the ground was hurt, he said. KTLA reported that the twin-engine aircraft went down near South Coast Plaza and the crash hap...


RBS set to pay first dividend in 10 years

In May, RBS was fined US$4.9 billion by the US Justice Department over its role in the subprime housing crisis but much of the cost had already been set aside...


China, Trade, and Technology

The latest Chinese tariffs would, if implemented, be up to 25 percent , and cover 5,207 tariff categories, the country's commerce ministry said in a statement...


USA trade deficit widens by $46.3 billion in June

The deficit had been expected to widen to $46.5 billion from the $43.1 billion originally reported for the previous month. Meanwhile, the deficit declined w...


Aimia, Porter Airlines form Aeroplan partnership

The consortium's cash offer of C$250 million, later updated to C$325 million, did not reflect the value of the Aeroplan business, Aimia Inc said in a statement....


WhatsApp to Generate Revenue from Business App

The development comes as Facebook reported sluggish growth and revenue in the second quarter. At the time, Facebook pledged Whatsapp would remain independen...


Oil: OPEC Production Climbs As Saudi Arabia Pumps More

Futures slipped as much as 0.6% on Friday and are little changed on the week. The weekly estimates for May all point to more than 10.7 million bpd of crude ...


India's Services Growth Strongest Since Oct 2016

However, the latest survey also signaled a steep and accelerated rise in prices charged by manufacturing firms, which was widely linked to the impact of USA tra...


IAG's Aer Lingus profits soar but Vueling losses deepen

We haven't had any discussions with them since April. There's some good news on this front, with costs falling at a faster rate than we've seen recently. Intern...


Ryanair strikes: Airline to be SUED as more cancellations loom

Europe's largest airline by passenger numbers proposed on Friday that a third-party mediator step into talks with a trade union representing its Irish pilots w...


China’s yuan hits 14-mth low as Trump ramps up trade pressure

The Chinese currency has tumbled nearly 10 percent since early April in offshore markets, and investors have speculated that its weakness would be encouraged by...


Global tablet ships fall 13.5% to 33 million units in Q2 - IDC

China's Huawei raised its forecast for full-year smartphone shipments to more than 200 million and said it could become the world's top vendor of the devic...


CHINA China's stock market slips below Japan's with Shanghai the worst performer

After the economic slump witnessed on Thursday, the Chinese equity market is now worth $6.09 trillion compared to Japan's $6.17 trillion. However, Chinese curre...


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