How US-China trade war over import tariffs rattle global financial markets

Perhaps unsurprisingly, the prospect of a trade war between America's capricious president and the increasingly authoritarian Xi, who recently moved to cement his role as probable president-for-life, has done little to reassure markets. It urged th... More..

by | Published more than a month ago
BoE maintains interest rates at 0.5%; Two members vote for rise
by | Saturday, March 24, 2018

BoE maintains interest rates at 0.5%; Two members vote for rise

The seven MPC members voting for no change said May - when the Bank publishes its next quarterly economic health check - would be the right time to assess the extent of domestic inflationary pressure. Burton Mi...More..

Facebook plunge leads tech, Wall Street sell-off
by | Thursday, March 22, 2018

Facebook plunge leads tech, Wall Street sell-off

Market participants are also watching for signs from the USA central bank, which is expected to take a more aggressive path toward normalising monetary policy, as the Federal Reserve's two-day monetary policy m...More..

Egypt suspends Uber, Careem operations
by | Thursday, March 22, 2018

Egypt suspends Uber, Careem operations

In a Twitter post, the UAE-based firm said that the service "ensures continuity of operations normally and that it has not received any official notification" asking it to cease its activities. Taxi drivers a...More..

Toys R Us Going-Out-of-Business Sale Starts March 22
by | Thursday, March 22, 2018

Toys R Us Going-Out-of-Business Sale Starts March 22

On Thursday, March 22, the toys retailer will experience the beginning of the end as the company will have one last hurrah in a liquidation sale that will see all its toys sell to children who want to explore...More..

Oil prices extend gains as U.S. crude inventory falls
by | Thursday, March 22, 2018

Oil prices extend gains as U.S. crude inventory falls

Specifically, traders were said to be motivated by falling production in Venezuela , whose output has been halved since 2005 to below 2 million barrels per day (bpd) - a situation that caused the Internat...More..

Israel admits to 2007 airstrike on Syrian nuclear reactor
by | Thursday, March 22, 2018

Israel admits to 2007 airstrike on Syrian nuclear reactor

One report, dated 30 March 2007, said: "Syria has set up, within its territory, a nuclear reactor for the production of plutonium, through North Korea , which according to an (initial) worst-case assessment ...More..

Federal Reserve Raises Key Interest Rate by a Quarter-Point
by | Thursday, March 22, 2018

Federal Reserve Raises Key Interest Rate by a Quarter-Point

Even after six rate increases over the past 27 months, the Fed's benchmark rate remains in a still-low range of 1.5 per cent to 1.75 per cent, up from a record low near zero as recently as December 2015. Member...More..

Amazon to buy Toys R Us?
by | Wednesday, March 21, 2018

Amazon to buy Toys R Us?

Strategic Marks is in discussions with toy manufacturers including Mattel ( MAT ) as it works to resurrect the KB Toys name, he added. Whole Foods is working towards streamlining its supplier process across...More..

United Airlines suspends program for pets flying in cargo compartments
by | Wednesday, March 21, 2018

United Airlines suspends program for pets flying in cargo compartments

Passengers can still carry small pets with them in carry-on luggage. Mr. Hobart would not predict what might change for pets on United after the PetSafe review was completed, but he emphasized that the goal...More..

UK inflation slows in Feb as Brexit hit to pound fades
by | Wednesday, March 21, 2018

UK inflation slows in Feb as Brexit hit to pound fades

Food prices rose by 0.1% between January and February, compared with a 0.8% rise the year before. Falling prices for accommodation services also had a downward effect. Inflation eased to 4 percent in February f...More..

Further doubt cast over Luke Shaw´s Manchester United…
by | Wednesday, March 21, 2018

Further doubt cast over Luke Shaw´s Manchester United…

Probably that's why he won more than 20 trophies in his life", said Matic, adding that, "It is very hard to work with him because he always wants more and more . Mourinho, whose only hope of a trophy this ...More..

Facebook security chief not quitting, changes role to focus on election fraud
by | Wednesday, March 21, 2018

Facebook security chief not quitting, changes role to focus on election fraud

His transition will come in the wake of disagreements with other Facebook executives like COO Sheryl Sandberg about how to investigate and disclose Russian activity on the platform, The New York Times report...More..

Alibaba is investing an additional $2.6B in ecommerce in Southeast Asia
by | Tuesday, March 20, 2018

Alibaba is investing an additional $2.6B in ecommerce in Southeast Asia

For the record, Alibaba had invested almost United States dollars 2 billion in Lazada Group during the last two years for acquiring a controlling stake in the firm. A Google-Temasek study in May 2016 estima...More..

The UK and European Union have agreed a Brexit transition deal
by | Tuesday, March 20, 2018

The UK and European Union have agreed a Brexit transition deal

The two sides agreed yesterday that there needed to be a "backstop" plan to avoid a hard border with Ireland, but remain divided on what form a future border will take. Striking an ambitious free-trade deal wi...More..

Fourth Snow Storm Expected to Miss Hudson Valley
by | Tuesday, March 20, 2018

Fourth Snow Storm Expected to Miss Hudson Valley

Tuesday night will be when this storm starts to shift toward the coast and become a full-fledged Nor'easter once again. We'll remain dry with sunshine through Monday, and likely into Tuesday too. Saturday:...More..

Hyundai, Kia cars probed for faulty airbags
by | Monday, March 19, 2018

Hyundai, Kia cars probed for faulty airbags

The scope of the probe includes an estimated 425,000 vehicles. On Monday, Hyundai Motor shares fell 3.81 percent to 151,500 won and Kia Motors declined 3.53 percent to 31,400 won, both under-performing the ...More..

Nidahas Trophy: India win toss, opt to bowl first in final
by | Monday, March 19, 2018

Nidahas Trophy: India win toss, opt to bowl first in final

The game is scheduled to begin at 7 p.m. India Standard Time at R. Premadasa Cricket Stadium in Colombo , Sri Lanka , on Wednesday, March 14. It's unfortunate that the hosts, Sri Lanka , have not qualifi...More..

Halep, Venus advance, Wozniacki knocked-out
by | Sunday, March 18, 2018

Halep, Venus advance, Wozniacki knocked-out

Despite being at the top of the rankings, Halep is yet to win a Grand Slam, having recently lost to Caroline Wozniacki in the final of the 2018 Australian Open in January. Top-ranked Simona Halep of Roman...More..

Broadcom drops Qualcomm acquisition bid after Trump block
by | Saturday, March 17, 2018

Broadcom drops Qualcomm acquisition bid after Trump block

Citing national security concerns voiced by the U.S. Department of the Treasury's Committee on Foreign Investment in the United States (CFIUS), the White House yesterday prohibited any takeover, acquisition...More..

Why nearly 100 Winn-Dixie stores are to be closed in USA
by | Saturday, March 17, 2018

Why nearly 100 Winn-Dixie stores are to be closed in USA

Long-time hometown grocery store, Winn-Dixie, will be closing its doors on Schillinger Road. Pictured: The Winn Dixie store in Atmore. Southeastern Grocers operates stores in Alabama, Florida , Geor...More..

Top Nike executive resigns amid workplace complaints
by | Saturday, March 17, 2018

Top Nike executive resigns amid workplace complaints

Trevor Edwards is leaving his post as president of Nike's namesake brand, although the company says there have been no direct allegations against him. Another executive, Elliott Hill, was elevated to the role...More..

Bhagwant Mann quits as AAP's Punjab chief
by | Saturday, March 17, 2018

Bhagwant Mann quits as AAP's Punjab chief

In a Twitter tirade, leader of the opposition in the Punjab assembly and AAP MLA Sukhpal Singh Khaira termed the apology a "meek surrender". The SAD leader added that since the AAP leader had "tendered hi...More..

BJP Suffers Electoral Jolt In Uttar Pradesh and Bihar
by | Friday, March 16, 2018

BJP Suffers Electoral Jolt In Uttar Pradesh and Bihar

While Shivpal praised the SP leadership for the victory in the crucial Lok Sabha bypolls , he did not take the name of his nephew Akhilesh Yadav under whose leadership the party managed to defeat BJP which i...More..

IHeart radio, owner of 6 Valley stations, files for bankruptcy
by | Friday, March 16, 2018

IHeart radio, owner of 6 Valley stations, files for bankruptcy

The radio company iHeartMedia filed for Chapter 11 bankruptcy on Thursday. The company made the announcement Wednesday, saying it reached an agreement that will reduce iHeartMedia's debt by more than ...More..