Intel CEO resigns after probe into relationship with employee

The reason for the immediate departure is a "consensual" relationship with an employee, violating Intel's policy of keeping your hands to yourself. An Intel spokesman declined to say whether the walk-away payment applied to Krzanich's resignati... More..

by | Published more than a month ago
Netflix PR head Jonathan Friedland fired for using the N-word
by | Sunday, June 24, 2018

Netflix PR head Jonathan Friedland fired for using the N-word

Netflix cut the cord with the company's top spokesman on Friday over his repeated use of the N-word. Though Friedland apologized, he used the word again only a few days later in a conversation with two black...More..

Daimler Cuts 2018 EBIT Outlook As Chinese Tariffs Hit US-Built SUVs
by | Sunday, June 24, 2018

Daimler Cuts 2018 EBIT Outlook As Chinese Tariffs Hit US-Built SUVs

The company had previously forecast a slight increase. China has imposed tariffs on cars imported from the U.S.in response to President Donald Trump's $50 billion in tariffs on Chinese-made products. The co...More..

by | Sunday, June 24, 2018

Tens of thousands march in pro and anti-Brexit rallies

He suggested instead getting closer to European states to work out what a "realistic, pragmatic Brexit is, which works for both sides". "The prime minister has always said no deal is better than a bad deal", ...More..

Tesla sues ex-employee alleging data theft, leaks to media
by | Sunday, June 24, 2018

Tesla sues ex-employee alleging data theft, leaks to media

This resulted in Tripp being reassigned to a new role in May of 2018, a move that the former employee reportedly expressed anger at. Tripp's hacking of Tesla systems was seemingly created to export confid...More..

States’ authority to collect sales online impacts retailers
by | Sunday, June 24, 2018

States’ authority to collect sales online impacts retailers

For example, the popular electronics seller B&H only charges sales tax in NY and New Jersey, where it has a physical presence. States had no viable way to track down everyone who wasn't paying their sales tax, ...More..

Donald Trump threatens 20% tariff on European Union cars, targeting Germany
by | Saturday, June 23, 2018

Donald Trump threatens 20% tariff on European Union cars, targeting Germany

At a meeting with auto makers at the White House on May 11, Trump told them he was planning to impose tariffs of 20% or 25% on some imported vehicles and sharply criticised Germany's automotive trade surplus ...More..

Speeding to auction record? 1962 Ferrari could fetch $45 mln
by | Saturday, June 23, 2018

Speeding to auction record? 1962 Ferrari could fetch $45 mln

This one on offer is just the third of those 36 built. The 250 GTO is considered to be one of the most lovely Ferraris and it was one of the most successful road and racing cars the marque ever built, claimin...More..

Opec to tackle thorny oil deal with tentative production lift
by | Saturday, June 23, 2018

Opec to tackle thorny oil deal with tentative production lift

Russian Federation and Saudi Arabia agreed to increase outflow by around 1.5 million barrels a day to steady the market as United States sanctions on Iran and political instability in Venezuela are expected...More..

OPEC to raise oil production from July
by | Saturday, June 23, 2018

OPEC to raise oil production from July

While OPEC's largest producer, Saudi Arabia, was open to higher production, Iran has been hesitant because of its trouble to increase output and tensions with the U.S. Subsequently, the prospect of a full-blown...More..

by | Saturday, June 23, 2018

Global shares climb, oil prices jump on OPEC news

Subsequently, WTI and Brent crude futures rose with the latter briefly above $75/bbl, given that markets had feared that OPEC would agree a larger production, while the 1mln bpd increase will likely represent a...More..

Argentina and Saudi Arabia to join MSCI emerging markets index
by | Saturday, June 23, 2018

Argentina and Saudi Arabia to join MSCI emerging markets index

Argentina's bourse, which now has a market capitalization of US$ 98 billion, was relegated in 2009 after Buenos Aires introduced capital controls. MSCI provides almost 100,000 daily indexes of stocks, bond...More..

by | Saturday, June 23, 2018

Etsy CEO Hails Supreme Court Chief Justice Dissent in Sales Tax Case

The Supreme Court's 5-4 decision overruled a 1992 ruling that found the Constitution didn't allow states to require businesses to collect sales taxes unless they have a substantial connection to the state. ...More..

Airbus: 'Catastrophic' Brexit would threaten our future in the UK
by | Friday, June 22, 2018

Airbus: 'Catastrophic' Brexit would threaten our future in the UK

It also has a significant impact on other companies, funnelling an estimated £5 billion ($US6.6 billion) to 4000 United Kingdom suppliers, including big names like Rolls-Royce, as well as many smaller businesse...More..

by | Friday, June 22, 2018

OPEC moves toward raising oil supply as Iran softens positions

After Zanganeh left, Saudi Energy Minister Khalid al-Falih said an overwhelming majority of oil producers agreed with the Russian-Saudi recommendation of jointly and gradually raising output by 1 million barr...More..

India Imposes Retaliatory Tariffs On US, Here's What's Targeted
by | Friday, June 22, 2018

India Imposes Retaliatory Tariffs On US, Here's What's Targeted

Almonds in shell will attract import duty at the rate of '42/kg as against '35/kg. The move is to hit back on the United States after it increased duty on certain steel and aluminium products. But that has...More..

European Union to impose duties on USA imports on Friday after Trump tariffs
by | Friday, June 22, 2018

European Union to impose duties on USA imports on Friday after Trump tariffs

The European Union triggered the first phase of retaliation against the USA over its metal-import tariffs imposed on national-security grounds, making good on more than three months of threats to hit Americ...More..

How will the US-China trade war impact South Africa?
by | Friday, June 22, 2018

How will the US-China trade war impact South Africa?

Beijing has vowed to retaliate with its own tariffs on US soybeans and other farm products in a direct shot at US President Donald Trump's supporters in America's heartland. . In Europe, officials have cal...More..

by | Friday, June 22, 2018

High oil prices hurting fiscal balance, says Pradhan

The U.S. average for gasoline stood at $2.87 a gallon on Thursday. Further, Russia and Saudi Arabia have been calling for an output hike since last few weeks. Oil prices fell on Thursday as crude exporters in...More..

Intel CEO resigns after company learns of past consensual relationship
by | Thursday, June 21, 2018

Intel CEO resigns after company learns of past consensual relationship

Lots of companies have policies discouraging such relationships, notes the Wall Street Journal , but the Me Too movement has led to stricter rules and enforcement. Six CEOs resigned under pressure among S&P 50...More..

Volvo S60 Sedan Breaks Cover
by | Thursday, June 21, 2018

Volvo S60 Sedan Breaks Cover

Volvo will extend its global manufacturing footprint with the inauguration on Wednesday of its US plant. Care by Volvo customers will be able to drive away from their local retailer in a new S60 without having ...More..

Merkel to Trump - Falling German crime stats 'speak for themselves'
by | Thursday, June 21, 2018

Merkel to Trump - Falling German crime stats 'speak for themselves'

Merkel's talks on Monday evening with Italian Prime Minister Giuseppe Conte could prove crucial if she is to have any chance of finding concordance in Brussels. On Monday the foreign affairs minister, SPD lawma...More..

North American stocks fall amid U.S.-China tariff threats, loonie lower
by | Thursday, June 21, 2018

North American stocks fall amid U.S.-China tariff threats, loonie lower

TOKYO, June 19 (Reuters) - The dollar fell against the yen and Swiss franc on Tuesday after U.S. President Donald Trump's threats of additional tariffs on China escalated a trade spat between the world's two ...More..

Audi CEO arrested in Germany over diesel scandal
by | Thursday, June 21, 2018

Audi CEO arrested in Germany over diesel scandal

German authorities have taken Stadler, chief executive officer of Volkswagen AGs Audi unit, into custody, making his the highest-profile arrest in the group's diesel-cheating probes . Volkswagen Group and ...More..

Pioneer Sees Oil At $100 Should OPEC Fail To Increase Production
by | Thursday, June 21, 2018

Pioneer Sees Oil At $100 Should OPEC Fail To Increase Production

However, prices were prevented from falling further by record refinery runs in the United States and a large decline in USA crude inventories, a sign of strong fuel demand in the world's biggest economy. Saudi ...More..

Telstra users face another mobile phone outage
by | Thursday, June 21, 2018

Telstra users face another mobile phone outage

Mobile outages have been reported across Australia. Last month Telstra warned that its 2017/18 earnings are likely to be at the bottom end of its guidance range of $10.1 billion to $10.6 billion, blaming incr...More..

Burger King says sorry for Russian World Cup pregnancy ad
by | Thursday, June 21, 2018

Burger King says sorry for Russian World Cup pregnancy ad

A Burger King Whopper meal combo at a restaurant in the United States, as seen on February 1. Critics hit out at the offer online, blasting it as sexist and demeaning. Plenty of football fans have found thems...More..

by | Thursday, June 21, 2018

EU Retaliation Against US Over Metal Tariffs to Start June 22

European Union steel and aluminum exports now facing US tariffs are worth a total of 6.4 billion euros. The Europeans reportedly also want a 25% US tax on imports of light trucks-pickup trucks, sport-utility...More..

Facebook campaign to help separated children seeks $1,500 but gets $7.5m
by | Wednesday, June 20, 2018

Facebook campaign to help separated children seeks $1,500 but gets $7.5m

Mark Zuckerberg is calling on Facebook users to donate to groups helping migrant families at the U.S. border and has condemned the Trump administration's policy of separating migrant families, writing: "We ...More..

by | Wednesday, June 20, 2018

European Union to impose duties on US imports Friday after Trump tariffs

The products affected will include cigarettes, denim, peanut butter, orange juice, blue jeans, bourbon, and motorcycles. The EU said on Wednesday that it impose a 25 percent tariff on $3.2 billion in American...More..