Google Just Made a Huge Investment in JD.com. Here's Why

Google has been increasing its presence in China in recent times , and today it has continued that push by agreeing to a strategic partnership with e-commerce firm JD.com which will see Google purchase $550 million of shares in the Chinese firm. More..

by | Published more than a month ago
Audi CEO Rupert Stadler detained in diesel emissions case
by | Monday, June 18, 2018

Audi CEO Rupert Stadler detained in diesel emissions case

This news comes from Automotive News Europe , which reported that the executive is being held in custody because investigators feared he might be seeking to suppress evidence in relation to the probe. Volksw...More..

by | Monday, June 18, 2018

Audi CEO Arrested On Suspicion Of Fraud In Diesel Emission Scandal

Audi's parent, the Volkswagen Group, confirmed that Stadler was detained this morning but that the "hearing to determine whether he will be remanded is ongoing". The probe of Stadler focuses on cars sold in E...More..

Alberta on the defensive after genetically modified wheat found by CFIA
by | Monday, June 18, 2018

Alberta on the defensive after genetically modified wheat found by CFIA

The move has Canadian farmers anxious because Canada is one of the world's biggest wheat producers, selling about CAN$11 billion (US$8.3 billion) annually. "We want to be able to assure the world that Canada co...More..

Tesco reports solid first quarter sales growth
by | Monday, June 18, 2018

Tesco reports solid first quarter sales growth

Shares in Tesco (LON: TSCO ) have advanced in today's session as Britain's biggest grocer updated investors on its first-quarter performance, posting a rise in like-for-like sales. "We are delighted with initia...More..

McDonald’s United Kingdom are sacking the plastic straw
by | Monday, June 18, 2018

McDonald’s United Kingdom are sacking the plastic straw

The roll out, which is set to begin in September, will apply to its 1,361 restaurants across the United Kingdom and Ireland. Plastic can take hundreds of years to decompose if not recycled. The burger chain and...More..

Is Said to Win Chicago High-Speed Train Bid
by | Sunday, June 17, 2018

Is Said to Win Chicago High-Speed Train Bid

This is one of the reasons Mayor Emanuel chose to give the approval to begin the process, citing the major benefits it would afford Chicago residents, without using taxpayer dollars. Alderman Scott Waguespack...More..

Canada Goose shares rise on surprise earnings
by | Sunday, June 17, 2018

Canada Goose shares rise on surprise earnings

Koch Industries Inc. acquired a new stake in shares of Canada Goose in the first quarter worth about $452,000. For the quarter ending March 31, Canada Goose reported net income of almost $8.1 million in C...More..

McDonald's to replace plastic straws with paper ones
by | Sunday, June 17, 2018

McDonald's to replace plastic straws with paper ones

Every day, McDonald's is estimated to dispense millions of plastic straws, many of which are discarded and do not easily biodegrade. Given the size of the company's purchasing power, McDonald's says it hope...More..

Didi Chuxing to Push Globally and Launch in Melbourne
by | Sunday, June 17, 2018

Didi Chuxing to Push Globally and Launch in Melbourne

The Chinese company said it had started recruiting drivers in Melbourne in early June "to warm responses". Didi Chuxing Technology, the Chinese ride-sharing company which bought the China operations of ...More..

Royal Mail bans posties from sporting England flags on vans
by | Sunday, June 17, 2018

Royal Mail bans posties from sporting England flags on vans

Mr Allister, MLA for North Antrim, said: " Royal Mail has an attitude which obviously comes from a pretty warped mindset, in that they prohibit national pride for Englishmen in their national team but fall ove...More..

Italy may block trade deal
by | Sunday, June 17, 2018

Italy may block trade deal

With a full 71 percent of Americans in agreement when polled on the question of whether this trade tiff has damaged relations between the two great allies, it is unclear whether President Trump will provide a m...More..

Asian stocks mixed after ECB announcement, US data
by | Sunday, June 17, 2018

Asian stocks mixed after ECB announcement, US data

Helping boost stateside equities was a Commerce Department report showing retail sales rose 0.8 percent last month, the biggest advance since November 2017. Euro bulls had been emboldened earlier this month as ...More..

BHP approves $4b iron ore mine as new boom hits the Pilbara
by | Saturday, June 16, 2018

BHP approves $4b iron ore mine as new boom hits the Pilbara

It is expected to begin production in 2021 and will have a mine life of about 25 years. BHP president of operations, minerals Australia Mike Henry said South Flank was a capital efficient project offering att...More..

by | Saturday, June 16, 2018

Trump slaps tariffs on China, triggering swift retaliation

In April, the USA revealed an initial list targeting about 1,300 products worth US$50 billion in Chinese imports. A Chinese government website posted a list of seafood products that will face the tariffs , a...More..

4,600 job to go at major engineering firm Rolls-Royce
by | Saturday, June 16, 2018

4,600 job to go at major engineering firm Rolls-Royce

Speaking of the reason behind the job cut, the company said that CEO Warren East meant to simplify the business and generate more cash. In January, the company said it planned to focus on its core business of...More..

UK's N Brown looks to close all 20 stores and move online
by | Saturday, June 16, 2018

UK's N Brown looks to close all 20 stores and move online

Contrastingly, the report also revealed total online revenue increased 3% and 75% of N Brown's overall revenue derived from online. Commenting on the update, Angela Spindler, the company's CEO said in a state...More..

Tesla to Cut 9% Of Jobs in Search of Profits
by | Saturday, June 16, 2018

Tesla to Cut 9% Of Jobs in Search of Profits

One driver, 38-year-old Walter Huang, was killed in March when his Tesla Model X P100D sped up and then steered into a highway barrier while driving on Autopilot , according to a National Transportation Safe...More..

Donald Trump Compliments Kim Jong Un In Fox Interview
by | Saturday, June 16, 2018

Donald Trump Compliments Kim Jong Un In Fox Interview

Trump, speaking Friday with reporters gathered on the North Lawn after his surprise appearance on Fox, offered new insight into his relationship with the recluse leader. We have communication." The North Korean...More..

Trump Hits China With Auto Tariffs, Buick Envision Could Cost $8K More
by | Saturday, June 16, 2018

Trump Hits China With Auto Tariffs, Buick Envision Could Cost $8K More

The official declined to comment on China's recent offer to purchase an additional $70 billion worth of American farm and energy commodities and manufactured goods. In an interview Friday with Fox News, Trump...More..

Kan. deputy killed, another critical after shooting during inmate transport
by | Saturday, June 16, 2018

Kan. deputy killed, another critical after shooting during inmate transport

The wounded deputy, who is female, was in critical condition, Bailiff said. It is unclear whether one of the deputies shot the suspect or whether a third deputy stepped in to shoot the suspect. Both officers ...More..

Seattle City Council repeals 'head tax'
by | Saturday, June 16, 2018

Seattle City Council repeals 'head tax'

On Tuesday, the Seattle City Council submitted to the resistance from the city's largest companies and voted to roll back the tax. Amazon, Starbucks and investment company Vulcan each paid $25,000 toward ...More..

Self-employed man wins rights against Pimlico Plumbers: what it means for workers
by | Saturday, June 16, 2018

Self-employed man wins rights against Pimlico Plumbers: what it means for workers

On Wednesday, Supreme Court judges agreed with that decision and ruled against an appeal by Pimlico Plumbers, saying there were features of the contract which meant Smith was not self-employed. Charlie Mullin...More..

Theranos founder Holmes indicted on wire fraud charges
by | Saturday, June 16, 2018

Theranos founder Holmes indicted on wire fraud charges

Further, she was obliged to return approximately 18.9 million shares of stock and relinquish her super-voting equity rights. Holmes and Theranos were charged with raising more than $700 million from investo...More..

Trump announces tariffs on $50 billion worth of Chinese goods
by | Friday, June 15, 2018

Trump announces tariffs on $50 billion worth of Chinese goods

President Trump speaks to reporters on the North Lawn of the White House on June 15, shortly after he announced new tariffs on China. Senate Minority Leader Chuck Schumer, who long pressured Trump to cr...More..

by | Friday, June 15, 2018

European Central Bank sets end date for huge stimulus program

The central bank said Thursday that it would reduce the bond purchases that make up the program in the final three months of the year, before halting them altogether at the end of December. Emerging market st...More..

American Airlines Cancels 275 PSA Flights, Charlotte Douglas International Airport Most Impacted
by | Friday, June 15, 2018

American Airlines Cancels 275 PSA Flights, Charlotte Douglas International Airport Most Impacted

The airline says the problem with a system that affects crew scheduling and dispatch operations was resolved and service was expected to resume at noon today. Meanwhile, vehicle rental companies said they are b...More..

Salmonella Outbreak Linked To Kellogg’s Honey Smacks Cereal — CDC
by | Friday, June 15, 2018

Salmonella Outbreak Linked To Kellogg’s Honey Smacks Cereal — CDC

The FDA is also inspecting the facility that manufactures that specific cereal to collect additional information. The UPC code for the recalled 15.3-ounce packages is 38000 39103, according to Kellogg's and t...More..

by | Friday, June 15, 2018

McDonald's to Dump Plastic Straws in United Kingdom, Ireland

The move comes after the Government proposed a ban on plastic straws and cotton buds in England in April. The burger chain and other fast-food companies have been facing increasing pressure from customers and...More..

JD Wetherspoon to ditch champagne and German beer ahead of Brexit
by | Friday, June 15, 2018

JD Wetherspoon to ditch champagne and German beer ahead of Brexit

Others were quick to point out that Martin's statement made no mention of Prosecco , which is routinely advertised in the pub's food and drink offers and is more widely drunk across the United Kingdom than any...More..