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Stories about Business

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 ...

Oct 01 2018

Mexico trade deal text to exclude Canada, irritating U.S. lawmakers

Mexican Economy Minister Ildefonso Guajardo said late Friday that the USA and Canada were making a renewed push. "Canada has treated us very badly". The 1994 pact under...

Sep 30 2018

Tesla stock plummets after SEC's fraud complaint against Musk

Musk has blamed short-sellers, investors betting on a collapse in a company's share price, for Tesla's woes. Musk has since retracted and on August 24, the company co...

Sep 27 2018

Ripple Topples Ethereum to Become 2nd Largest Cryptocurrency

Especially, with the increasing demand by Ripple's enthusiasts. Ripple has so far avoided being labeled a security Several ongoing lawsuits allege that Ripple is ...

Sep 27 2018

Intel: Why Trump is putting OPEC on notice

The International Energy Agency (IEA) forecasts strong oil demand growth of 1.4 million barrels per day (bpd) this year and 1.5 million bpd in 2019, and said in its mos...

Sep 27 2018

Oil price rises as markets tighten ahead of Iran sanctions

The Organization of the Petroleum Exporting Countries and non-OPEC states, including top producer Russian Federation, gathered in Algiers on Sunday for a meeting that...

Sep 25 2018

Michelle Guthrie sacked as Managing Director of ABC

However he said political leaders did not pressure the ABC or have any involvement in its decision to sack Ms Guthrie. Ms Guthrie, a former Foxtel and Google execut...

Sep 24 2018

Airline experts allege negligence of Jet Airways crew

As a result, oxygen masks got deployed. Over 30 Passengers on board complained of bleeding nose and ears while five of the passengers were diagnosed with "mild conducti...

Sep 22 2018

WTI near $68 as Iran sanctions bite into supply | Markets & Investment

USA sanctions affecting Iran's petroleum sector will come into force from November 4 though many buyers have already cut their purchases, raising questions about how th...

Sep 21 2018

Trump slaps fresh tariffs on $200B of Chinese goods

President Donald Trump made the announcement on Monday (Tuesday NZT) in a move that is sure to ratchet up hostilities between Washington and Beijing. But a year ago, we...