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Finance

The Uber CEO told CNBC that "we did have discussions" and, although not all the details of the Bloomberg report were accurate, the deal was a very tempting prospect. The Uber boss said it's "always possible" that talks could resume, but there "has to be a match". I don't think we necessarily fit in with the typical Warren Buffett investment .
  • Trudeau declines to meet Trump because of US precondition

    Finance

    Thursday morning President Trump announced that the United States would reinstate previously delayed section 232 tariffs on steel and aluminum from Canada , Mexico, and the European Union. Trudeau says this would create far too much uncertainty for businesses. Perrin Beatty, president of the Canadian Chamber of Commerce and a former Mulroney cabinet minister at the time of the original Canada-U.S.
  • OECD raises Slovenia's 2018 GDP growth forecast to 5.0%

    Finance

    The growth prospects in developing countries appear solid but at different speed patterns, it added. The Paris-based policy organization made up mainly of developed nations noted in its biannual outlook that budgetary easing had taken over from central bank stimulus as the main engine of economic expansion, with three-fourths of OECD member countries now likely to loosen their purse strings.
  • Italy's anti-establishment leaders revive governing coalition

    Italy's anti-establishment leaders revive governing coalition

    Finance

    Italy's president on Monday named a former International Monetary Fund economist as caretaker prime minister to lead the country into new elections, possibly as soon as the autumn, after a political storm whipped up by the collapse of a populist bid for government.
  • Deutsche Bank downgraded, CEO tries to reassure employees

    Finance

    Sewing last week announced plans to cut 7,000 investment banking jobs . Up until today, S&P rated Deutsche Bank's long-term credit at A-, on negative credit watch. The rating, which was reported by the Wall Street Journal , judges a bank's capital adequacy, asset quality, management, earnings, liquidity, and sensitivity to market risk, and they receive a score of one to five, five being the worst.
  • United States imposing 25pc tariffs on $50bn worth of Chinese goods

    United States imposing 25pc tariffs on $50bn worth of Chinese goods

    Finance

    The United States intends to impose restrictions on some of China's investments and customs duties of 25% on certain categories of its goods supplied to the U.S. Meanwhile, Matthew Shay, CEO of the National Retail Federation (NRF) in the USA, said the group is disappointed the administration has announced plans to move ahead with tariffs, which will lead to higher costs for consumers, fewer jobs and retaliation.
  • EU, Mexico respond to USA tariffs on steel and aluminum

    EU, Mexico respond to USA tariffs on steel and aluminum

    Finance

    The two sources briefed on the matter said the decision would land before a Friday expiration deadline for exemptions to the planned tariffs . "When it comes to unfairly traded steel and aluminum, Mexico , Canada , and Europe are not the problem - China is", said Kevin Brady, chairman of the House Ways and Means Committee.
  • Fans of Turkey's Erdogan push French newsstand to remove ad

    Fans of Turkey's Erdogan push French newsstand to remove ad

    Finance

    Meanwhile, soaring inflation - which rose to nearly 11 per cent in April - and serious concerns over the rising current account deficit have exacerbated the currency weakness, prompting the Central Bank of the Republic of Turkey to take emergency action to prop up the currency at the end of last week.
  • Waymo to get more than 60,000 cars from Fiat Chrysler for robotaxis

    Waymo to get more than 60,000 cars from Fiat Chrysler for robotaxis

    Finance

    FCA says it is beginning discussions about using Waymo's self-driving technology in an FCA-manufactured vehicle available to retail customers, potentially via a licensing agreement. Waymo does not intend to make cars itself. Despite its technical lead, Waymo has struggled to form strong auto-industry partnerships that would give it a clear path to getting enough vehicles on the road for a profitable commercial ride-hailing service.
  • Trade war: ‘Europe United’ as European Union and Mexico respond to USA tariffs

    Trade war: ‘Europe United’ as European Union and Mexico respond to USA tariffs

    Finance

    The US today announced the end of exemption on steel and aluminum tariffs on imports from European Union, Canada and Mexico . The move follows a breakdown in talks the Trump administration's economic team held with European partners in Paris this week and threatens to potentially roil global markets and trickle down to American companies and consumers if the countries carry through with threats of retaliatory actions.
  • Italy government: Giuseppe Conte again asked to be PM

    Italy government: Giuseppe Conte again asked to be PM

    Finance

    The crisis escalated on Tuesday when markets around the world sold off aggressively. In reality the European Central Bank would have limited options, apart from protecting other eurozone members from what would likely be a financial meltdown if Italy were to leave the euro .
  • United States stocks jump as Italian worries ease; oil prices climb

    United States stocks jump as Italian worries ease; oil prices climb

    Finance

    Italy's FTSE MIB stock index climbed 1.5 percent after a 2.7 percent drop a day earlier. The Hang Seng in Hong Kong slipped 1.2 percent to 30,101.98 and the Shanghai Composite index fell 2 percent to 3,058.12. Energy companies rose as US crude oil climbed 2.2 percent to $68.21 per barrel in NY. Royal Bank of Scotland Group shares fell over 1 percent in London after Ewen Stevenson resigned from his role as Chief Financial Officer and Executive Director to take up an opportunity elsewhere.
  • Bank employees' strike on May 30th & 31st, services likely to be impacted

    Bank employees' strike on May 30th & 31st, services likely to be impacted

    Finance

    Besides, UFBU adamantly maintained that the negotiations on officers demands would be restricted up to Scale III only, AIBEA General Secretary CH Vekatachalam told PTI . On May 5, the IBA refused to revise wages for all officers, citing poor financial conditions at banks. The IBA did not do anything. He said at the conciliation meeting held on Monday, the chief labour commissioner (CLC) had asked the IBA not to raise new controversies like delinking the wage talks for officers in the ...
  • U.S. to Impose Steel Tariffs on EU

    Finance

    Europe did not want a trade war, he said, but Washington had to back down from "unjustified, unjustifiable and unsafe tariffs". Following the unsuccessful meeting, Mr Le Maire said: "It's entirely up to United States authorities whether they want to enter into a trade conflict with their biggest partner, Europe".
  • Singapore Airlines Is Launching The World's Longest Flight This October

    Singapore Airlines Is Launching The World's Longest Flight This October

    Finance

    Daily operations will commence from October 18 after an additional A350-900ULR aircraft enters service. Quatar's Doha to Auckland, New Zealand flight is 9,032 miles and lasts 17 hours 40 minutes. Ticket prices will be released tomorrow. " Singapore Airlines has always taken pride in pushing the boundaries", says the airline's CEO, Goh Choon Phong.
  • Scotland opens first crypto-rehab centre to tackle Bitcoin trading addiction

    Scotland opens first crypto-rehab centre to tackle Bitcoin trading addiction

    Finance

    Anxious that you or someone you know may be addicted to cryptocurrency day trading? Now it is offering a residential treatment program for cryptocurrency junkies based on techniques that are used to tackle gambling addicts. Cryptocurrency trading addiction can be identified if a person exhibits some or all of 12 pointers noted by the hospital, including a person spending all their time and money trading, believing a big win is about to happen or even pawning their belongings to raise ...
  • Privacy Laws - compliant? Who? Me? - Data Protection - Australia

    Privacy Laws - compliant? Who? Me? - Data Protection - Australia

    Finance

    But it doesn't have to be this way. Erin Egan on behalf of Facebook said , "Over the last 18 months, we have taken steps to update our products, policies and processes to provide users with meaningful data transparency and control across all the services that we provide in the European Union ".
  • Court Jails Accused Yahoo Hacker For Five Years

    Court Jails Accused Yahoo Hacker For Five Years

    Finance

    In November, he pleaded guilty to conspiracy to commit computer fraud and identity theft. Baratov was named in a federal indictment past year that charged two Russian spies with orchestrating the 2014 Yahoo breach involving 500 million users.
  • National Donut Day 2018: Free doughnuts and other deals happening June 1

    National Donut Day 2018: Free doughnuts and other deals happening June 1

    Finance

    Get a free glazed doughnut with any purchase. Dunkin' Donuts will give away a free classic doughnut-including Boston kreme, glazed, glazed chocolate, or strawberry frosted with sprinkles-with any purchase of a beverage. After all, it is National Doughnut Day.or is it Donut? The Wicker Park outpost of the artisan chain will give out a free half-dozen doughnuts to the first 100 guests right as National Doughnut Day kicks off: At midnight June 1.
  • Key Italy talks amid fears of snap poll

    Key Italy talks amid fears of snap poll

    Finance

    The rare move by the president sparked fury from both parties, who say they will reject Cottarelli's nomination in parliament. The head of the anti-establishment 5-Stars, Luigi Di Maio , had proposed a renewed effort to form an alliance with the right-wing League on Tuesday night, backing off his threat of launching impeachment proceedings against Mr Mattarella and insisting that the two blocs still enjoy a parliamentary majority.
  • Tesla working on all-wheel drive twin-engine Model 3

    Tesla working on all-wheel drive twin-engine Model 3

    Finance

    The shipments of new equipment began arriving in Reno this week people familiar with the matter told Reuters this week. Tesla Model 3 saw a lot of hold-ups in the manufacturing process. Tesla made such statements during the lead-up to, and early production of, its Model 3 sedan and failed to disclose that the company was "woefully unprepared" for the vehicle's production, the lawsuit said.
  • Not forever: De Beers launching lab-made diamond brand

    Not forever: De Beers launching lab-made diamond brand

    Finance

    These new diamonds will be sold at a fraction of the price of mined diamonds. The company had previously promised that it would never sell man-made diamond jewelry, but the demand for it is now growing, and DeBeers' new strategy will undercut smaller rivals in the artificial diamond market.
  • Consumer Reports changes its mind on Tesla Model 3

    Consumer Reports changes its mind on Tesla Model 3

    Finance

    Last week the electric vehicle failed to earn a recommendation from the independent testing organization, which criticized it for long stopping distances and complex controls. Tesla has since pushed that update out and, in turn, Consumer Reports has now given the Model 3 its stamp of approval . "UI improvements coming via remote software update later this month", Tesla Chief Executive Officer Elon Musk said in a tweet here in response to the report.
  • White House to impose 25% tariff on $50bn worth of Chinese goods

    White House to impose 25% tariff on $50bn worth of Chinese goods

    Finance

    He threatened tariffs on as much as $150 billion worth of Chinese imports, prompting tit-for-tat threats by Beijing . The United States will also continue to pursue litigation against China at the World Trade Organization. China's Ministry of Commerce said yesterday that the USA statement is contrary to the consensuses the two sides previously reached in Washington.
  • Singapore Air's Nonstop Flight to Newark Will Take Nearly 19 Hours

    Singapore Air's Nonstop Flight to Newark Will Take Nearly 19 Hours

    Finance

    The new Newark-Singapore route will mark the official entry into service for the A350-900ULR. Singapore Airlines has announced details of what will be the world's longest commercial non-stop flight . There are no first-class suites or economy class seats on board. "Singapore Airlines has always taken pride in pushing the boundaries to provide the best possible travel convenience for our customers", Singapore Airlines' CEO, Goh Choon Phong, said in a statement.
  • Five Things: the next steps for getting the Trans Mountain project done

    Five Things: the next steps for getting the Trans Mountain project done

    Finance

    Asked whether or not the pipeline issue is a personal one between him and Prime Minister Justin Trudeau , the BC Premier said that has never been the case. "Canada's purchase of a tar sands pipeline and expansion project eviscerates any claim it has to climate leadership at a key moment - doubling down on the world's dirtiest oil, rather than closing the gap on the country's Paris climate commitments", said Anthony Swift, the Canada program director for the USA -based Natural Resources ...
  • Political turbulence spooks global financial markets

    Political turbulence spooks global financial markets

    Finance

    The financial sector took the hardest hit. Investors have in recent days scurried for assets such as US and German bonds or the Japanese yen, spooked by the possibility that Italy , the third-biggest euro zone economy, could deliver a bigger boost to eurosceptic parties in a snap election that sources said could be held by end-July.
  • Massive confusion over the petrol and diesel prices

    Massive confusion over the petrol and diesel prices

    Finance

    The 60 paise cut in petrol prices and 56 paise cut in diesel price on Wednesday after 16 straight days of hike, which brought cheers for consumers was revised to 1 paise a litre each as Indian Oil said the earlier revision was due to "clerical error".
  • Oil Prices Tumble As Supplies From Top Three Producers Set To Rise

    Oil Prices Tumble As Supplies From Top Three Producers Set To Rise

    Finance

    US West Texas Intermediate (WTI) crude futures were at $67.36 a barrel, down 52 cents, or 0.8 percent, from their last settlement. The prices were on a roller coaster after data from EIA showed that USA crude inventories rose 5.8 million barrels last week and gasoline stocks increased by 1.9 million barrels.
  • Tesla in Autopilot mode crashes into police car

    Tesla in Autopilot mode crashes into police car

    Finance

    The police SUV ended up with its two passenger-side wheels on a pavement. "It's super messed up that a Tesla crash resulting in a broken ankle is front page news and the (approximately) 40,000 people who died in USA auto accidents alone in past year get nearly no coverage", Musk said in a tweet in mid-May.
  • Trump moving ahead with plan to slap tariffs on Chinese goods

    Trump moving ahead with plan to slap tariffs on Chinese goods

    Finance

    US President Donald Trump has put a missile, in the form of trade sanctions, back on the launchpad, started fueling it, and programmed its computer to strike Beijing. After that meeting, the two sides announced that Beijing would buy significantly more USA agricultural and energy products in a bid to reduce the bilateral trade deficit, and they said they established a framework for addressing technology trade irritants.
  • Pret A Manger sold to Krispy Kreme owner for £1.5bn

    Pret A Manger sold to Krispy Kreme owner for £1.5bn

    Finance

    JAB and the seller, private-equity firm Bridgepoint Advisers Ltd ., didn't disclose the terms of the deal in a statement Tuesday. The Financial Times, which first reported the deal, said the company was valued at €1.7 billion including debt.
  • EU proposes ban on straws and other single-use plastics

    EU proposes ban on straws and other single-use plastics

    Finance

    The proposals call for banning plastic cotton buds, cutlery, plates, straws, drink stirrers and balloon sticks, but it did not set a deadline. "Plastic waste is undeniably a big issue and Europeans need to act together to tackle this problem, because plastic waste ends up in our air, our soil, our oceans, and in our food", European Commission Vice President Frans Timmerman said.
  • Starbucks Closing Today For Anti-Bias Training

    Starbucks Closing Today For Anti-Bias Training

    Finance

    While Starbucks' swift response after the Philadelphia incident has shone a spotlight on anti-bias training, the company is not alone in its efforts. In addition, they settled with the city of Philadelphia for a symbolic $1 each and a promise that a $200,000 fund will be established to promote entrepreneurship among high school students.
  • BJP

    BJP "Extinguishing Savings Of Common People": Congress On CNG Price Hike

    Finance

    In states, petrol cost Rs 82.76 a litre in Hyderabad and in Bangalore Rs 79.40 a litre. In Mumbai and Chennai, petrol was sold at Rs 85.93 and Rs 81.11 a litre, respectively, up from Rs 85.78 and Rs 80.95 per litre on Saturday. Meanwhile, a State Bank of India (SBI) report on Monday said that states can cut petrol price by Rs 2.65 per litre and diesel by Rs 2 a litre if they decide to forego potential additional gains out of high crude oil rates.