Saudi wealth fund plunges $1bn into Tesla rival Lucid

The investment will fund Lucid Motor's 2020 commercial launch of its first electric vehicle, the Lucid Air , Reuters reported. "The company plans to use the funding to complete engineering development and testing of the Lucid Air, construct its fa... More..

by | Published more than a month ago
Elon Musk Sued by Diver in Thailand Cave Rescue
by | Tuesday, September 18, 2018

Elon Musk Sued by Diver in Thailand Cave Rescue

The complaint filed in the US District Court in Los Angeles seeks at least $105,000 in compensatory damages, plus unspecified punitive damages. On July 18, amid criticism from Tesla investors, Musk apologi...More..

Trump Readies Tariffs on $200 Billion More Chinese Goods
by | Tuesday, September 18, 2018

Trump Readies Tariffs on $200 Billion More Chinese Goods

The new wave is scheduled to go into effect September 24, with tariffs starting at 10 percent before climbing to 25 percent by the end of the year. Trump, in a statement announcing the new round of tariffs,...More..

by | Tuesday, September 18, 2018

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

An afternoon recap of the day's most important business news, delivered weekdays. "If the United States launches any new tariff measures, China will have to take countermeasures to firmly ensure our legit...More..

Govt Announces Merger Of Vijaya Bank, Dena Bank And Bank Of Baroda
by | Tuesday, September 18, 2018

Govt Announces Merger Of Vijaya Bank, Dena Bank And Bank Of Baroda

Before, 2008, the total amount of bank lending stood at Rs 18 lakh crore, he said. Finance minister Arun Jaitley said the merger will make the banks stronger and sustainable as well as increase their lendin...More..

Tech billionaire agrees to buy iconic Time Magazine
by | Tuesday, September 18, 2018

Tech billionaire agrees to buy iconic Time Magazine

The co-founder of Salesforce .com, Marc Benioff , and his wife are personally buying Time for $190m (£145.3m). Benioff has said that Time is a company that has a "tremendous impact on the world", and is...More..

by | Tuesday, September 18, 2018

Trump Slaps Tariffs On $200 Billion In Chinese Goods

After a seven-week comment period, the administration announced that it had withdrawn several items from an earlier list of $ 200 billion in Chinese imports, including child-safety products such as bicycle h...More..

by | Tuesday, September 18, 2018

Trump economic adviser says USA wants serious trade talks with China

China "wants to make a deal" on trade, Mr. Trump told reporters, adding that "a lot of money" is about to come back "into the coffers" of the U.S. China is reportedly threatening to pull out of trade negotia...More..

by | Monday, September 17, 2018

Elon Musk sued by British diver he accused of being a pedophile

Musk called Unsworth a "pedo" after Unsworth criticised Musk in a television interview. Vernon Unsworth says he was the first foreign diver to arrive in Thailand to help rescue the 12 boys trapped in the ...More..

by | Monday, September 17, 2018

Caver sues Elon Musk for defamation

Musk grew angry with Unsworth after the caver criticized Musk's attempts to help with the Thai cave rescue effort by building a miniature submarine. The case adds to a slew of litigation against Musk, includi...More..

Watch Elon Musk's boring machine being operated by an Xbox controller
by | Monday, September 17, 2018

Watch Elon Musk's boring machine being operated by an Xbox controller

Now his Boring Company is revealing just how much fun it has digging those transport tunnels. The part being controlled is not the cutting edge, but the part used to build the reinforced tunnel segments whi...More..

Coca-Cola to get into the cannabis business? ‘The space is evolving quickly’
by | Monday, September 17, 2018

Coca-Cola to get into the cannabis business? ‘The space is evolving quickly’

CBD, or cannabidiol, is the chemical in the pot plant often used for medicinal purposes, and doesn't produce the high that comes from THC, or tetrahydrocannabinol. for US$5.1 billion. However Coca-Cola is the f...More..

Amazon investigates claims staff sold customer data
by | Monday, September 17, 2018

Amazon investigates claims staff sold customer data

According to a report from the Wall Street Journal , the ongoing data theft is largely being seen in China, and Amazon was tipped off about the same in May. For the sellers, she also said, "We have zero tole...More..

Flooding from Florence swamps neighborhoods
by | Monday, September 17, 2018

Flooding from Florence swamps neighborhoods

The National Weather Service Weather Prediction Center warned Sunday night of "heavy and excessive rainfall over the next couple of days". It had weakened to a tropical depression by Sunday, but was forecas...More..

Warning over needles in strawberries
by | Monday, September 17, 2018

Warning over needles in strawberries

Berry Obsession recalled its strawberries . Sewing needles have been found in punnets of strawberries purchased in five states or territories - the latest in Tasmania. Federal Health Minister Greg Hunt said...More..

Iran says Saudi Arabia and Russia have taken oil market 'hostage' - SHANA
by | Monday, September 17, 2018

Iran says Saudi Arabia and Russia have taken oil market 'hostage' - SHANA

He named Iraq , Libya , Nigeria and Saudi Arabia as some of the producers that will be able to achieve more output increases in the coming months. This uncertainty comes as crucial mid-term congressional ...More..

by | Monday, September 17, 2018

Metal found in banana amid needle contamination fears

Both Foodstuffs and Countdown (owned by Woolworths) - which between them control almost the entire New Zealand grocery market - today announced they had stopped sending out Australian strawberries to their ...More..

by | Monday, September 17, 2018

Foodstuffs to halt further distribution of Aussie strawberries after needle scare

New Zealand imports strawberries from Australia during the off-season in this market. September 16 - Contamination spreads to South Australia after a pin is found in Mal's Black Label brand. "As the product...More..

by | Monday, September 17, 2018

Time Magazine Bought By Salesforce Boss Marc Benioff, Wife

The sale is expected to be finalized in 30 days. Marc Benioff , the billionaire co-founder and CEO of Salesforce, will become the new owner of Time magazine . The Benioffs said they won't be involved in day...More..

Bank of England prepared for wide range of Brexit outcomes - Carney
by | Monday, September 17, 2018

Bank of England prepared for wide range of Brexit outcomes - Carney

The Bank of England left interest rates on hold at its September meeting. But many business chiefs and investors fear politics could get in the way, thrusting the world's fifth largest economy into a "no-dea...More..

Florence is about to make landfall in N Carolina
by | Monday, September 17, 2018

Florence is about to make landfall in N Carolina

Duke's bigger worry, spokesperson Paige Sheehan said , are the cooling ponds at its fossil fuel power plants. Florence is now a Category 2 storm with maximum sustained winds of 110 miles per hour (177 kph)...More..

by | Monday, September 17, 2018

Australians told to chop strawberries as police investigate needles found in fruit

A health warning to throw out or cut up strawberries remains in Queensland , NSW, Victoria and South Australia . The health department said three brands of strawberries have been recalled. Speaking at a p...More..

US to impose tariffs on $200 bn in Chinese goods
by | Sunday, September 16, 2018

US to impose tariffs on $200 bn in Chinese goods

This week, the USA invited China to hold talks on the tariff dispute. The International Monetary Fund has warned that an escalation of the tariff war could shave 0.5 percent off global growth by 2020. U.S. Pr...More..

Oil marketing companies again hike petrol, diesel prices
by | Sunday, September 16, 2018

Oil marketing companies again hike petrol, diesel prices

Likewise, it increased by Rs 0.19/litre in Mumbai to touch Rs 78.26/litre. Cost of the key fuel in the eastern city of Kolkata rose to Rs 83.49, from the Friday's level of Rs 83.14 per litre. The petrol pric...More..

'Disgruntled ex-employee' blamed for needle in Woolworths strawberries
by | Sunday, September 16, 2018

'Disgruntled ex-employee' blamed for needle in Woolworths strawberries

Queensland Police Service, who have launched an investigation into the potentially hazardous findings, revealed that affected brands include "Berry Obsession" and "Berry Licious", according to an update on t...More..

VW to stop making iconic Beetle next summer
by | Sunday, September 16, 2018

VW to stop making iconic Beetle next summer

Over the years, the Beetle became something of a cultural icon. Their increasing popularity in the U.S. in the 1960s prompted Volkswagen to build its first manufacturing plant in North America in order to m...More..

PM Modi reviews economy with Jaitley as rupee weakens, fuel prices soar
by | Sunday, September 16, 2018

PM Modi reviews economy with Jaitley as rupee weakens, fuel prices soar

Economic Affairs Secretary Subhash Chandra Garg said the government and the RBI would do everything to ensure that rupee does not slide to 'unreasonable levels'. Fuel prices, too, have been breaking records fo...More..

BMW's autonomous R1200GS on video
by | Sunday, September 16, 2018

BMW's autonomous R1200GS on video

Part of the "ConnectedRide" program, the motorcycle starts its own engine, sets off, rides on its own without any assistance. Earlier, in 2017, Honda introduced a similar motorcycle with the Riding technology H...More..

Henri Bendel stores closing after 123-year run for luxury retailer
by | Sunday, September 16, 2018

Henri Bendel stores closing after 123-year run for luxury retailer

Last year, the company reported total revenue of $12.6 billion. The company said Bendel's 2018 sales were approximately $85 million, adding that it's in the process of estimating closing costs. Additionally, on...More..

Centre to ‘strictly’ maintain fiscal deficit at 3.3%: Arun Jaitley
by | Sunday, September 16, 2018

Centre to ‘strictly’ maintain fiscal deficit at 3.3%: Arun Jaitley

It feels that the country can not afford to have a twin deficit problem - a depreciating rupee and high crude import bill putting pressure on the country's current account deficit (CAD), and a fiscal slippage...More..