Audi CEO detained in diesel emissions case

Stadler's arrest at his home in Ingolstadt in the early hours on Monday, however, is not connected with any United States demand, German prosecutors said . They added that Stadler would be questioned by Wednesday, once he had spoken to his lawyers... More..

by | Published more than a month ago
by | Thursday, June 21, 2018

Cost of some United States goods to rise by 25% on Friday

The European Union initiated its first salvo in retaliation for the Trump administration's tariffs on steel and aluminum imported from the continent. The U-S president hit the E-U, Canada and Mexico with ...More..

Microsoft staff demand company ends contract with 'inhumane' United States border patrol agency
by | Thursday, June 21, 2018

Microsoft staff demand company ends contract with 'inhumane' United States border patrol agency

Video: Satya Nadella: The whole world is now a computer. Demonstrators were reacting to reports that illegal aliens who were caught crossing the border with children were being detained and separated fr...More..

South Korea's Bithumb loses $32 million in digital money heist, bitcoin falls
by | Thursday, June 21, 2018

South Korea's Bithumb loses $32 million in digital money heist, bitcoin falls

Coinrail may be one of Korea's smaller exchanges, but Bithumb is far larger. For security, Bithumb has moved its assets to cold storage. The exchange, the sixth busiest in the world according to Coinmarke...More..

In tit-for-tat, Trump threatens more tariffs against China
by | Wednesday, June 20, 2018

In tit-for-tat, Trump threatens more tariffs against China

Dr Zhou and her team had looked at the United States imposing tariffs on China without any retaliation, China imposing tariffs on USA goods, and an all-out trade war between the two. "China can not have 7...More..

Canadian smuggling claims by Trump exaggerated
by | Wednesday, June 20, 2018

Canadian smuggling claims by Trump exaggerated

U.S. President Donald Trump launched another trade tirade against Canadians, accusing them Tuesday of sneaking their American shopping back home - all because of what he calls "massive" tariffs on American ...More..

McDonald's to remove plastic straws from restaurants
by | Wednesday, June 20, 2018

McDonald's to remove plastic straws from restaurants

Worldwide attention to plastic straw use and alternatives picked up after a video of a sea turtle with a straw up its nose went viral a year ago. McDonald's has announced that it will complete its tra...More..

Trump threatens to impose more trade tariffs on China
by | Tuesday, June 19, 2018

Trump threatens to impose more trade tariffs on China

His latest move appears to reflect that logic: China can not mount a reciprocal response to tariffs on $200 billion worth of its goods, since the country only imported $130.4 billion of American products pr...More..

Elon Musk warns Tesla staff about a possible saboteur in their ranks
by | Tuesday, June 19, 2018

Elon Musk warns Tesla staff about a possible saboteur in their ranks

Musk said in the email he learned about this alleged behaviour over the weekend, but did not specify to whom he was referring. Although the company declined to comment on the email officially, several employe...More..

Trump threatens to slap China with $200 billion in new tariffs
by | Tuesday, June 19, 2018

Trump threatens to slap China with $200 billion in new tariffs

President Trump announced today that he's retaliating for China's retaliation against last week's tariff announcement. Frankfurt was the heaviest faller among leading European indices, shedding 1.4 percent...More..

Chanda Kochhar to go on leave till completion of enquiry: ICICI Bank
by | Tuesday, June 19, 2018

Chanda Kochhar to go on leave till completion of enquiry: ICICI Bank

The ICICI Bank stock has usually risen each time some negative news emerged against Kochhar. Ms. Kochhar will continue as MD and CEO and Mr. Bakhshi will report to the board during her leave. "The board has...More..

China slams USA 'blackmailing' as Trump issues new trade threat
by | Tuesday, June 19, 2018

China slams USA 'blackmailing' as Trump issues new trade threat

Following Trump's announcement, China rolled out retaliatory tariffs on $50 billion worth of U.S. goods and promised to stand firm against the US's actions. "It is very unfortunate that instead of eliminati...More..

Merkel, Macron to talk European Union reform in shadow of migrant crisis
by | Tuesday, June 19, 2018

Merkel, Macron to talk European Union reform in shadow of migrant crisis

Seehofer's "migration master plan", which Merkel last week refused to endorse, would see asylum seekers arriving at Germany's borders turned away if they have no identification papers, have already had an asylu...More..

Donald Trump Readies New Tariffs for China
by | Tuesday, June 19, 2018

Donald Trump Readies New Tariffs for China

This comes after the US slapped 25 percent duties on $50 billion worth of Chinese imports. The US announced plans for tariffs this spring, after an investigation into China's intellectual property practices...More..

Google investing $550 million in Chinese ecommerce company
by | Monday, June 18, 2018

Google investing $550 million in Chinese ecommerce company

Google will invest $550 million in JD.com, an ecommerce giant in the Chinese market. In a joint release, the companies said they would "collaborate on a range of strategic initiatives, including joint devel...More..

Audi CEO arrested in Dieselgate probe
by | Monday, June 18, 2018

Audi CEO arrested in Dieselgate probe

In spite of continuous denials and public backing from the Volkswagen Group, Stadler has seemed like a man waving a crude torch in the dark, trying to fend off the hunters. Last week, the Munich prosecutor c...More..

Audi CEO Rupert Stadler arrested in emissions-cheating probe
by | Monday, June 18, 2018

Audi CEO Rupert Stadler arrested in emissions-cheating probe

It named Stadler among the suspects accused of fraud and false advertising. "We confirm that Mr Stadler was arrested this morning". A former head of Audi's engine development unit is already in investigative ...More..

by | Monday, June 18, 2018

Audi boss Rupert Stadler held in German diesel emissions probe

The move follows a search last week of Stadler's private residence, ordered by Munich prosecutors investigating the manager on suspicion of fraud and indirect improprieties with documents. The Dieselgate sc...More..

China Retaliates Against U.S. Tariffs with ‘Equal Scale’ Tax Measures
by | Sunday, June 17, 2018

China Retaliates Against U.S. Tariffs with ‘Equal Scale’ Tax Measures

China has said that it will retaliate with $50 billion in tariffs in response, rattling financial markets. The U.S. exports about $14 billion worth of soybeans to China, according to the U.S. Companies wish...More..

McDonald’s to scrap plastic straws in UK and Ireland
by | Sunday, June 17, 2018

McDonald’s to scrap plastic straws in UK and Ireland

McDonald's Corp. declined to say what type of straw it would test in the US, saying only that it would be a "sustainable solution". The company, which has also been testing alternatives in Belgium, will begin ...More..

SEC Executive: Bitcoin and Ether Are Not Securities
by | Sunday, June 17, 2018

SEC Executive: Bitcoin and Ether Are Not Securities

This statement alone resounds bullish for Ripple who are defending lawsuits against the XRP token being deemed a security while simultaneously being in the process of decentralizing their network . Hinman ...More..

Bond-buying era draws to close as euro area faces increased risk
by | Sunday, June 17, 2018

Bond-buying era draws to close as euro area faces increased risk

That provided extra support for the notes, which have been boosted by more euro-friendly rhetoric from officials in Italy's newly formed government. The ECB also downgraded its eurozone growth forecast for ...More..

by | Saturday, June 16, 2018

Trump announces U.S. tariffs on $50 billion in Chinese imports

U.S. President Donald Trump's announcement of tariffs on Chinese goods escalates tensions between the world's two largest economies. The initial list mostly targets Chinese goods that fall under the " M...More..

by | Saturday, June 16, 2018

South Australia unemployment figures fall to third lowest in Australia

On a trend basis, the jobless rate remained steady on 5.5% and 16,000 new jobs were created - a lot of them part time as full time job creation continued to slow. Annual job growth of about 3 percent was nearly...More..

All eyes on Opec as Trump gripes over prices
by | Saturday, June 16, 2018

All eyes on Opec as Trump gripes over prices

Monday's talks between Sanjiv Singh, head of IndianOil, India's largest refiner and fuel retailer, and top executives of Chinese oil companies also looked at investing - either jointly or separately - in expa...More..

JD Wetherspoon to offer more drinks from United Kingdom and non-EU producers
by | Saturday, June 16, 2018

JD Wetherspoon to offer more drinks from United Kingdom and non-EU producers

A major United Kingdom pub chain will stop serving French Champagne and German wheat beers next month and offer more British drinks to prepare for the country's departure from the European Union. English bran...More..

Trade war looms as Trump announces China tariffs
by | Saturday, June 16, 2018

Trade war looms as Trump announces China tariffs

President Donald Trump announced a new round of tariffs on Chinese imports , and the Chinese government immediately responded with threats of new tariffs on American goods. President Donald Trump's adminis...More..

Trump announces tariffs on $50 billion in Chinese imports
by | Saturday, June 16, 2018

Trump announces tariffs on $50 billion in Chinese imports

Indeed, the numbers appear identical. "We made clear in this statement that all economic and trade outcomes of the talks will not take effect if the USA side imposes any trade sanctions, including raising ...More..

Volkswagen Group will pay another $1.2 billion in Germany over diesel scandal
by | Saturday, June 16, 2018

Volkswagen Group will pay another $1.2 billion in Germany over diesel scandal

Although Volkswagen has already been hit with billions of dollars in penalties in the United States for their emissions-cheating scheme that continues to unfold, the company had remained mostly unpunished in E...More..

Facebook Answers Senate Questions in 500 Pages, Denies Shadow Profiles
by | Saturday, June 16, 2018

Facebook Answers Senate Questions in 500 Pages, Denies Shadow Profiles

Moreover Facebook stores and analyzes information about the location of Global Positioning System, pictures GPS, which he will find in the settings of your device. In the answers, the company also detailed ways...More..