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Stories about Business

Oct 18 2018

Saudi Arabia probing Jamal Khashoggi disappearance: Donald Trump

I am immediately sending our Secretary of State to meet with King!' "Answers will be forthcoming shortly", Trump added. An audio recording has emerged of the alleged...

Oct 16 2018

Saudis said ready to concede writer was slain in botched interrogation

However, unconfirmed reports in the United States media suggest Saudi Arabia is preparing to admit that Mr Khashoggi died as a result of an interrogation that went wr...

Oct 16 2018

High energy prices threaten economic damage, but likely to continue: IEA

OPEC cut its forecast of global demand growth for oil next year for a third straight month on Thursday, citing headwinds facing the broader economy from trade disput...

Oct 15 2018

U.S. Sears files for Chapter 11 amid plunging sales, massive debt

In the early hours of Monday, Sears announced that it had filed for Chapter 11 bankruptcy. The company has a $134 million debt payment due today. In just the last few y...

Oct 15 2018

Elon Musk Cannot Return as Tesla's (NASDAQ:TSLA) Chairman W/O Shareholder Vote

Rumors suggested the taunt could lead the SEC to take a tougher stance, as the settlement still needed to be approved by a judge. Musk remarked simply that the report ...

Oct 15 2018

Turkey to search Saudi consulate in Istanbul for missing journalist on Monday

Khashoggi, a US resident, disappeared after entering the consulate to get marriage documents. Turkey believes he was murdered and his body removed. And Rubio said that ...

Oct 14 2018

Some natural gas flows to curtailed customers after pipeline blast: FortisBC

FortisBC warns all of its consumers to limit their natural gas usage following an explosion on the Enbridge gas pipeline near Prince George yesterday at approximate...

Oct 14 2018

US Treasury secretary: Economy strong, stock drop a 'natural correction'

Similarly, every time the Fed raises rates, the cost of interest on our debt and the cost of running the USA government goes up dramatically thus reducing available money...

Oct 13 2018

China’s Exports, Imports Grow, as Does Trade Surplus With US

The reported meeting would take place during the G-20 summit in Argentina in late November. "We are going to make sure that whatever we make up on trade we don't lose on ...

Oct 12 2018

Unlimited Brexit backstop would leave United Kingdom trapped in unacceptable arrangements: DUP

Foreign Secretary Jeremy Hunt, Brexit Secretary Dominic Raab, Environment Secretary Michael Gove and International Trade Secretary Liam Fox are reported to have expressed...

Oct 11 2018

Fix trade, don't destroy it, International Monetary Fund chief Christine Lagarde warns

The World Bank last week cut SA's GDP growth estimate for 2018 to 1% this year from 1.4%, while the SA Reserve Bank slashed its forecast to 0.7% from 1.2% in Septem...

Oct 11 2018

European Union officials warned to prepare for no-deal Brexit

Writing in the Telegraph, Sammy Wilson MP, the DUP's Brexit spokesman, said Mrs May was pursuing "the road to parliamentary defeat" because his party would vote against...

Oct 08 2018

US weekly jobless claims near 49-year low; factory orders surge

The total number of monthly jobs was a disappointment with only 134,000 jobs added in September 2018. Wall Street economists had expected an increase of about 168,000, ac...

Oct 07 2018

India seeks to reassure markets on deregulation of fuel prices

By lowering duties, the Narendra Modi government is borrowing a page from the rulebook of past governments that have lowered levies whenever global oil prices shot up. On...

Oct 05 2018

Apple, Amazon deny Bloomberg report on Chinese hardware attack

In what's being called a major supply chain attack, Chinese spies used microchips "not much bigger than a grain of rice" to infiltrate almost 30 USA companies, includin...

Oct 05 2018

Centre, BJP-ruled states cut fuel prices, Congress calls it panic reaction

BJP president Amit Shah congratulated all the BJP-ruled states for slashing the fuel prices. In a tweet he said , " Madhya Pradesh has also reduced VAT [Value Added ...

Oct 03 2018

Amazon's new $15 minimum wage vs. Jeff Bezos' hourly earnings

Amazon's founder and CEO is encouraging other companies to follow their lead. Doug Gurr, Amazon vice-president and UK Country Manager, said: "We're excited to announ...

Oct 02 2018

Elon Musk to give up role of Tesla chairman

Investors were reassured as Elon Musk's Tesla reached a deal with regulators over the weekend. In a sign of the manufacturing process improving, Musk in an email ...

Oct 02 2018

NAFTA REBOOT FOR DUMMIES: How does new trade impact Canadians?

The rewrite " will result in freer markets, fairer trade and robust economic growth in our region ", according to a joint statement from US Trade Representative Robert ...