Markets

Oil prices at four-year high after OPEC rebuffs Trump

The biggest source of new global supply, USA shale, is also experiencing growing pains as pipeline bottlenecks and workforce issues may hamper growth, he said. ...


Comcast Takes Over Sky

In the end, Comcast perhaps needed it more urgently with their home market in the U.S. dwindling. Comcast is offering a stratospheric price for Sky. It is rar...


Porsche stops making diesel cars

Porsche did say however it will continue to further invest in the development of gasoline combustion engines as a means to offer " purist, emotional and powerf...


ABC boss Michelle Guthrie ousted from role as managing director

The statement said the decision followed several months of discussion. "This decision has been driven by our commitment to deliver the best possible outcome...


Strawberry needle crisis: needle found in Coles mango by customer

Strawberry growers blamed some state police forces and other authorities for fuelling "hysteria" over the incidents and prompting panic that has led to copycat ...


India engages with US to ensure energy security amid Iran sanctions

Some sanctions took effect from August 6 while those affecting the oil and banking sectors will start from November 4. But the USA told allies not to expect wai...


Trump urges OPEC to lower the price of oil

Trump on Thursday called on the Organization of the Petroleum Exporting Countries ( Opec ) to lower prices, saying on Twitter "they would not be safe for very l...


Russian Federation says OPEC, non-OPEC to discuss output scenarios in Algeria

Brent crude futures were up $1.03 a barrel to $79.09 a barrel at 0923 GMT, after hitting $79.32. West Texas Intermediate crude for October delivery advance...


Coca-Cola 'closely watching' cannabis in wellness drinks

In Canada, a company known as Molson Coors Brewing Co. partnered with a cannabis maker- Quebec's Hexo's Corp.to manufacture cannabis drinks. The Coca-Cola C...


Jet Airways scare: Petrified passengers bleed mid-air

Jet Airways said it has derostered the concerned cockpit crew who will remain off scheduled duties pending an investigation. The airline said it will arrange a...


Amazon's store expansion is beyond flawless for introverts

Amazon .com Inc (AMZN.O) is considering a plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years, Bloomberg reported here on...


Amazon launches small business shop

Amazon is huge, but those small businesses have other options, including other marketplaces like eBay, or building their own sites and using something like Shop...


Amazon probing staff data leaks

Some of Amazon's online sellers are offering bribes to Amazon employees to take down bad reviews or retrieve confidential information, the Wall Street Journal ...


Audi unveils electric SUV, and it's taking deposits now

With the world premiere of the Audi e-tron Monday night in San Francisco, Audi also marked the launch of its electrification offensive. "I want Audi to be the...


China's Alibaba Scraps Plan to Create 1M US Jobs

The Alibaba ( BABA ) chief grabbed attention at the start of previous year when he made the ambitious jobs pledge following a meeting with Donald Trump, who w...


Oops! Airline spells its own name wrong on side of plane

Missing from the word "Pacific", per the BBC: the letter "f", which prompted "no one gives an f" jokes online. "She's going back to the shop!" the airline ...


McDonald's workers strike over sexual harassment policies

Organizers said the strike is targeting McDonald's restaurants in Chicago , Los Angeles, Miami, Milwaukee, New Orleans , San Francisco and St. Louis, as well ...


Needles found in strawberries in two more Australian states

The strawberries were produced and packaged in Western Australia. EARLIER: QUEENSLAND Police are investigating an incident where a "metal object" was foun...


McDonald's to give away 200,000 FREE cheeseburgers - here's how to get yours

Several restaurants are celebrating National Cheeseburger Day on September 18. Ted's Montana Grill : Get a cheeseburger and fries for $6 when you dine in. We...


China raises tariffs on $60b of US goods in technology trade fight

Beijing will impose levies on a total of 5,207 USA products - ranging from liquefied natural gas to certain types of aircraft as well as cocoa powder and froze...


May acknowledges no-deal Brexit would cause some 'disruption'

Mr Hunt avoided a repeat of his earlier gaffe on a visit to China this year when he sought to curry favour with his hosts by telling them his wife was Chinese, ...


China to Hit U.S. With 'Synchronized' Retaliation for Latest Tariffs

The Trump administration announced the tariffs on some 5,000 Chinese-made goods will start at 10 percent, beginning Monday. Why has Trump moved now? Tru...


President Trump Slaps China With Additional $200 Billion Tariffs

It is also the biggest set of tariffs to date, and unlike the earlier rounds this latest list targets consumer goods, such as luggage and furniture. A Chinese...


India to merge three state-owned banks to tackle bad loans

While it may make sense to amalgamate Vijaya Bank and Bank of Baroda as both banks have relatively strong financials, including Dena Bank in the consolida...


U.S. impose new $200bn tariffs on China imports

Collection of tariffs on the long-anticipated list will start on September 24, but the rate will increase to 25 per cent by the end of this year. "China, howe...