Money

Deutsche Bank may give pink slips to around 20,000 employees

But executives and investors hope the overhaul, however costly, will be radical enough to turn around the bank's fortunes after its shares fell to a record low ...


US stocks rally on US-China trade truce

Markets will close early on Wednesday. The yield on the 10-year Treasury note fell to 1.95% from 1.97% Tuesday. Hopes that the Federal Reserve would cut rat...


Tesla delivers record number of electric cars

To this point, shares of Tesla are up almost 8% in after-hours trading after the electric carmaker this afternoon revealed that vehicle deliveries for the sec...


Facebook CEO & Head of Libra Association Talks "What Libra Association Exactly Mean"

From his own words , it is clear that the exchange is all for the launch of the currency. But its a challenge that Facebook appears willing to take, given ...


California gas prices set to soar again as tax hike takes effect

FasTrak users will pay 35-cents more, to $7.35. There was no backlash Monday when it came to gas prices, and only one customer had an issue with the minimum age...


UK economy shrinks as Brexit, global worries mount -PMI

Housebuilding was outperforming other manufacturing sectors until May, but there is now an evident drop in business confidence, that is the sharpest in month ob...


Australia cuts interest rates to new low of 1%

Graham Cooke, insights manager at Finder, said customers "should always expect the full cut but in reality that's not always what happens". "Frankly, two cuts m...


Lee Iacocca, auto industry leader, dead at 94

He had a 32-year career at Ford and Chrysler and helped launch some of Detroit's most significant cars - including the minivan, the Chrysler K-car and the Ford ...


Amazon to broadcast 'Twitch Sells Out' on Prime Day 15-16 July

Not to worry though, as you can sign up for a free trial today. - "Reach Prime member audiences that visit Amazon before, during, and after Prime Day "...


European Union leaders choose France's Lagarde for ECB after marathon summit

Lagarde's decision to relinquish her International Monetary Fund responsibilities temporarily during the nomination period", the board said. " Christine Lagar...


Bitcoin Tumbles as Cryptocurrency's 2019 Surge Starts to Waver

In spite of the $60bn drop, the market cap remained well above $273bn levels seen at the start of the month. Things were not much better for Stellar's Lumen (...


EU Requires New Electric Cars To Emit Noise

The EU rule, which came into force yesterday (1 July 2019), requires a vehicle to emit noise when reversing or travelling below 12mph. The EU says the cars ar...


US proposes tariffs on EU cheese, pork and whiskey

It added extra products worth $4 billion to a list of European Union goods worth $ 21 billion that are eligible to be hit with tariffs after 15 years of ar...


Donald Trump says new trade agreement will favour United States

Arthur Liao, a Taipei-based tech analyst at Fubon Securities, said it was unclear whether USA tech firms can deliver components for Huawei's future products or ...


European Union leaders battle to end embarrassing impasse over senior jobs

Tusk chairs summits and helps set the EU's political agenda. "It will now be for the European Parliament to consider Ursula Von Der Leyen for the Commission p...


Record-Breaking 2.6 Million Floridians to Travel this Independence Day

A record breaking number of Americans are expected to travel to their 4th of July getaway this week, and reports say NY will have the worst traffic in the natio...


Jony Ive found Tim Cook's disinterest in design "dispiriting"

Ive made a sort of comeback in 2017, getting more closely involved with the work of industrial design and human interface teams within Apple. Cook tried to ke...


Japan restricts chip smartphone materials exports to South Korea

Chief Cabinet Secretary Yoshihide Suga said the measure will be imposed for national security reasons, not as retaliation against South Korea, and claimed that ...


OPEC decides to extend output cuts until March

Saudi Arabian Energy Minister Khalid al-Falih tried to calm such worries, saying the producers will be able to adjust output, based on circumstances. Venezuel...


Wall Street rallies as trade optimism lifts tech stocks

The Dow Jones Industrial Average . DJI rose 205.90 points, or 0.77%, at the open to 26,805.86. The buying came after the United States and China agreed on Sa...


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