Economy

Merkel comments on Eurozone reform show move

Merkel comments on Eurozone reform show move

Merkel refrained from outright criticism of Trump in her comments to the newspaper, but noted that the US has withdrawn from multilateral agreements and imposed new tariffs on steel and aluminum imp...

by · Economy
Visa restores payments crash after hardware malfunction

Visa restores payments crash after hardware malfunction

The card giant said: 'There is now a disruption of service in taking payments from VISA . As declared, they are investigating the cause, and the resolving of the problem is in process. Another wrot...

by · Economy
Google won't renew Pentagon contract to use AI | AP business

Google won't renew Pentagon contract to use AI | AP business

Google will not seek another contract with the Department of Defense to provide artificial intelligence for drone warfare, according to a Gizmodo report . Suchman. "We believe that Google should not ...

by · Economy
With Tweet about jobs numbers, Trump breaks yet another taboo

With Tweet about jobs numbers, Trump breaks yet another taboo

Trump's supporters revere this mold-breaking approach, but it has created an environment in which information that has always been closely held by the government is now fair game for Trump to reveal t...

by · Economy
Fed says Deutsche, NYC’s most active CRE lender, is

Fed says Deutsche, NYC’s most active CRE lender, is "troubled"

Deutsche Bank (DBKGn.DE) has made good progress in its efforts to address regulatory concerns, a person familiar with the thinking of the European Central Bank said on Friday after Standard & Poor's ...

by · Economy
China stocks fall as trade war fears eclipse much-hyped…

China stocks fall as trade war fears eclipse much-hyped…

Full inclusion of China A-shares into MSCI indices won't come immediately. Several companies have been dropped from the shortlist following trade suspensions or other legal issues, most notabl...

by · Economy
Crude futures largely stable amid mixed market signals - Oil

Crude futures largely stable amid mixed market signals - Oil

For the week, WTI was on track for a 2.1 percent fall, adding to last week's near 5 percent decline and shrugging off a 3.6-million-barrel drop in US crude stockpiles last week. WTI CLc1 fell 63 c...

by · Economy
Vermont offers to pay remote workers $10,000 to move to state

Vermont offers to pay remote workers $10,000 to move to state

Eligible workers can receive $5,000 per year, not to exceed a total of $10,000 over the life of the program , as part of the remote worker grant program . Goldstein said that logistics and parameter...

by · Economy
Navigating Italian political risks: What's next? - ING

Navigating Italian political risks: What's next? - ING

After three months of political deadlock following inconclusive March 4 elections, Italy has a new government . On the morning of Monday, the 28th of May, Italian President Mattarella vetoed ...

by · Economy
Two Tampa locations among dozens of stores being closed by Sears

Two Tampa locations among dozens of stores being closed by Sears

So at this point, 275 stores could be set to close this year . Shares of the struggling department store operator, which have lost almost all its in the last five years, fell 10 percent to $2.89 in...

by · Economy

Pentagon project causing "existential crisis" within Google

According to company sources, top executive Diane Greene told staff on Friday there would be no follow-up after the current contract expired next March. For now, Google is on the hook with Project...

by · Economy
Eurozone inflation in big jump just as uncertainties mount

Eurozone inflation in big jump just as uncertainties mount

Wednesday's development came as financial markets calmed after a rout a day earlier when investor concerns about Italy's finances gave the yield on Italian 2-year bonds its biggest rise since 1992...

by · Economy
Trump Says He ‘Wouldn’t Mind’ Scrapping Nafta for Bilateral Deals

Trump Says He ‘Wouldn’t Mind’ Scrapping Nafta for Bilateral Deals

Liam Fox has condemned Donald Trump's steel and aluminium tariffs as "patently absurd" but has insisted the President's "protectionism" and apparent disregard for the United Kingdom economy will ...

by · Economy
OECD: Trade friction poses risk to global economy

OECD: Trade friction poses risk to global economy

The Paris-based policy forum made up mainly of developed countries had in March pencilled in an estimate of 3.9 per cent for both years but trimmed its outlook for 2018 due to a weak start to the year...

by · Economy
Sanchez takes charge in Spain as tarnished Rajoy departs

Sanchez takes charge in Spain as tarnished Rajoy departs

On the domestic front, Sanchez will head a minority government that will likely need to negotiate potentially hard deals with other parties to get its legislation passed. There have been three other s...

by · Economy

Deutsche Bank CEO tells staff he's 'sick and tired' of bad news

And a source familiar with the ECB's thinking made it clear that Deutsche Bank had made "good progress" in its efforts to address regulatory concerns. Deutsche Bank was also well positioned to react t...

by · Economy
As US tariffs go into effect, Europe vows retaliation

As US tariffs go into effect, Europe vows retaliation

China has already imposed duties on $3 billion worth of United States goods in retaliation for the steel and aluminium tariffs . It has demanded permanent exemption from any new tariffs . tariffs ...

by · Economy
Markets reverse course, surge as Italy fears fade

Markets reverse course, surge as Italy fears fade

At 13:48 pm. EDT the Dow Jones Industrial Average . DJI was down 406.82 points, or 1.64 percent, at 24,346.27, the S&P 500 . SPX was down 34.69 points, or 1.27 percent, at 2,686.64 and the Nasdaq Co...

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

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

Simply walk into any Krispy Kreme store tomorrow and you'll walk away with a free Original Glazed Doughnut . To celebrate National Doughnut Day , we've rounded up the best doughnut deals in the ...

by · Economy
It's GDPR Day. Let the privacy regulation games begin! - Security Bytes

It's GDPR Day. Let the privacy regulation games begin! - Security Bytes

Instead, GDPR is a warning shot that you have to take people's privacy seriously. Because up until now, users of the mobile app had to be at least 13 years of age to enjoy their services. For direct...

by · Economy
US imposing steel and aluminium tariffs on Canada

US imposing steel and aluminium tariffs on Canada

Even some members of Trump's own political party criticized how he was treating U.S. allies. International Trade Secretary Liam Fox told Sky News: "It's very disappointing that the United States...

by · Economy

Amazon to block Australians from its United States website

Amazon is launching a global store accessible to Australian customers, where products from its retail site will be available. From July 1, Amazon will redirect local shoppers trying to visit the lik...

by · Economy
United States tariffs on steel, aluminum coming at midnight

United States tariffs on steel, aluminum coming at midnight

President Trump has imposed a 25 per cent tariff on steel imports from the European Union , Canada and Mexico , in a move that the President of the European Commission claimed could push Brussels...

by · Economy

This airline is launching the world's longest flight in October

The new A350s are more integrated into the Singapore Airlines fleet. Singapore Airlines is the latest to enter the fray with a 9,535-mile flight from Singapore to NY. It also serves New York's J...

by · Economy
Tesla Model 3 earns Consumer Reports recommendation after software brake upgrade

Tesla Model 3 earns Consumer Reports recommendation after software brake upgrade

That was "far worse than any contemporary vehicle we've tested" - about 7 feet more than a full-size Ford F-150 pickup, the magazine said . "I've been at CR for 19 years and tested more than 1,00...

by · Economy