Finance

This full-size LEGO Bugatti Chiron actually runs and drives

This full-size LEGO Bugatti Chiron actually runs and drives

Those attending the Grand Prix Formula 1 event in Monza, Italy today will be able to see the mind-blowing creation in person. The recent Lego Hogwarts Castle for example, or the Technic Bugatti C...

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Canada's auto-parts makers are riding high amid NAFTA tension

Canada's auto-parts makers are riding high amid NAFTA tension

Trump said he would exclude Canada from a new trade deal if it didn't sign onto the agreement he reached with Mexico, but Lighthizer has made clear he wants Canada to be part of the final agreement...

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Over 99% of demonetised notes were returned: RBI

Over 99% of demonetised notes were returned: RBI

Banks received Rs 15.31 lakh crore or 99.3% of the Rs 15.41 lakh crore worth Rs 500 and Rs 1,000 notes that were in circulation on November 8, 2016 - the day when the note ban was announced, accordi...

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United States relations with Mexico improving, big bilateral trade deal coming

United States relations with Mexico improving, big bilateral trade deal coming

Freeland said Friday it's important for Canada to continue to do its work around the world - even with signs of progress in the bilateral NAFTA negotiations between the USA and Mexico. "Nothing i...

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PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

PepsiCo said it is acquiring all SodaStream's outstanding shares at $144 per share, a 32pc premium to the 30-day volume weighted average price . SodaStream's product allows people to make their own ...

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Shots fired at gate of US Embassy in Turkey; no one hurt

Shots fired at gate of US Embassy in Turkey; no one hurt

The report said the embassy was set to be closed this week for Eid al-Adha festival. The US embassy spokesman David Gainer confirmed to Agence France-Presse that a "security incident" had taken plac...

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As Musk admits to job stress, Tesla’s board may have to act

As Musk admits to job stress, Tesla’s board may have to act

Musk has also said on multiple occasions that Tesla would become profitable by the end of this year and would not need to raise additional funds, despite its increased cash-burn rate in recent ...

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Review of worldwide retaliation against US-initiated global trade battle

Review of worldwide retaliation against US-initiated global trade battle

The White House announced plans for "safeguard tariffs " over four years in January, starting at 30 per cent and incrementally falling to 15 per cent. WTO complaints begin with negotiations between t...

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United States prepared to add sanctions on Turkey if pastor not released

United States prepared to add sanctions on Turkey if pastor not released

The United States warned Turkey on Thursday to expect more economic sanctions unless it hands over detained American pastor Andrew Brunson , as relations between the two countries took a furthe...

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Turkey doubles tariffs on some USA imports over economy 'attacks'

Turkey doubles tariffs on some USA imports over economy 'attacks'

Some analysts said that US tax cuts passed previous year by Congress which are boosting corporate earnings and economic growth have reinforced the reasons for raising interest rates. The US has alread...

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Turkey issues retaliatory tariffs on U.S. imports

Turkey issues retaliatory tariffs on U.S. imports

Despite a call from Turkish business groups for President Recep Tayyip Erdogan to mend ties with Washington, the leader was defiant on Tuesday, calling for a boycott of United States electronic equi...

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Oil prices decline on rising USA stockpiles

Oil prices decline on rising USA stockpiles

In another worrying sign, USA energy companies added the most oil rigs since May last week, pointing to indications of US output growth. The bulls have gained the upper hand in oil markets of late, ...

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Turkey doubles tariffs on some USA goods amid rising tensions

Turkey doubles tariffs on some USA goods amid rising tensions

Washington began to apply economic pressure on Ankara after the detention of American pastor Andrew Brunson in Turkey. On Tuesday, he said Turkey would boycott USA electronic products. Turkey'...

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Firefighter killed battling largest blaze in California history

Firefighter killed battling largest blaze in California history

There were few details on how the firefighter died in the Mendocino Complex Fire , northeast of Ukiah, California. Three personnel assisting in the firefighting effort have been killed by the fir...

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Tesla CEO Musk accused of defrauding shareholders, sued by investors

Tesla CEO Musk accused of defrauding shareholders, sued by investors

On Tuesday, Musk tweeted that he was considering taking the electric vehicle company private and that he had secured funding, valuing the company at $420 a share. Musk's August 7 tweets, including w...

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Turkish senior official warns of perception operation | Turkey

Turkish senior official warns of perception operation | Turkey

Bayer plunged 11 percent in Frankfurt after a shock US ruling against its subsidiary Monsanto. The drastic rise in tariffs represents a significant economic blow and threatens the jobs of thousands of...

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Turkey has solid, strong economic dynamics, President Erdoğan says

Turkey has solid, strong economic dynamics, President Erdoğan says

US President Donald Trump has offered talks on a "more comprehensive deal" but Iran has baulked at negotiating under the pressure of sanctions and has instead leant on its increasingly close ties ...

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Saudi Arabia looks to invest big in Tesla

Saudi Arabia looks to invest big in Tesla

According to a Bloomberg report , published Sunday, part of the financing for taking Tesla private might come from Saudi Arabia's Public Investment Fund (PIF). Musk has also said he would be lo...

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Elon Musk: a private Tesla would be an 'enormous opportunity'

Elon Musk: a private Tesla would be an 'enormous opportunity'

Many major Wall Street bankers contacted by Reuters said on condition of anonymity that they were not aware of Musk's plans ahead of his tweets , and several expressed scepticism that a leveraged b...

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Facebook Wants Access to Your Banking Data

Facebook Wants Access to Your Banking Data

In response to the Journal's reporting, critics of corporate power used the word "dystopian" to describe the push by Facebook, Google, and Amazon for ever-greater access to users' personal informati...

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July 2018 Jobs Report: Payroll Growth Slows

July 2018 Jobs Report: Payroll Growth Slows

USA employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace they maintained in the first half of this year. "There's no evidence that businesses are changin...

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Iran refuses talks with USA under coercion

Iran refuses talks with USA under coercion

Since President Donald Trump announced in May that the US would be withdrawing from the Iran nuclear deal and restoring sanctions on the country, Washington officials have attempted to convince ...

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U.S. threatens raising tariffs to 25% on $200bn of Chinese goods

U.S. threatens raising tariffs to 25% on $200bn of Chinese goods

Investors fear an escalating trade war between Washington and Beijing could hit global growth, and prominent US business groups have condemned Trump's aggressive tariffs. Whether or not President...

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Wisconsin's first sales tax holiday begins August 1

Wisconsin's first sales tax holiday begins August 1

Another tip: Hollenbeck says look for discounts and coupon availability on certain items. You can print it and take it with you - so you don't get any surprises at checkout. "They're losing a ton of m...

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Apple becomes 1st trillion-dollar company

Apple becomes 1st trillion-dollar company

For as much as Apple shares have increased over the past few days, some analysts and tech observers are confident the stock could rise even higher in the weeks and months ahead. PetroChina once had a...

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Tesla burns $US740m in cash on way to loss

Tesla burns $US740m in cash on way to loss

In the previous year, Tesla has come under scrutiny for its factory conditions , vehicle production, treatment of employees, odd cost cutting measures , and CEO Elon Musk's fitful interactions w...

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Turkey, US in diplomatic crisis after ministers hit by sanctions

Turkey, US in diplomatic crisis after ministers hit by sanctions

Washington sanctioned Justice Minister Abdulhamit Gul and Interior Minister Suleyman Soylu over the pastor's detention. American pastor Andrew Brunson, right, has been accused by Turkey of compl...

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European Union officials to meet Trump, wielding a $20-billion threat

European Union officials to meet Trump, wielding a $20-billion threat

But while politicians and businesses welcomed the deal Thursday, the agreement was vague, the negotiations are sure to be contentious, and the United States remains embroiled in major trade disputes w...

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Facebook and Mark Zuckerberg sued after stock crash

Facebook and Mark Zuckerberg sued after stock crash

He also claims the massive plunge stemmed from "federal securities law violations from the defendants". Facebook also warned that the toll would not be offset by revenue growth from emerging marke...

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Facebook's value falls $148 billion after Q2 earnings call

Facebook's value falls $148 billion after Q2 earnings call

As an example of its new strategy, Wehner said Facebook will put more development muscle behind the company's Stories feature. "In the US and Canada, Facebook's daily active users remained f...

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