Former FCA CEO Sergio Marchionne passes away

Marchionne was suddenly replaced as the CEO of Fiat-Chrysler last Saturday, after his condition worsened. The Italian-Canadian executive's passing was confirmed today by Exor, the holding company of Fiat's founding Agnelli family. At the time, ... More..

by | Published more than a month ago
Trump announces an agreement with European Union on tariffs
by | Thursday, July 26, 2018

Trump announces an agreement with European Union on tariffs

US trading partners are retaliating against Mr. Trump's decision to order tariffs on imports including metals, clothing and electronics from a broad range of countries, including China, Mexico, Canada and Eu...More..

Florida police officer helps homeless man shave for McDonald's interview
by | Wednesday, July 25, 2018

Florida police officer helps homeless man shave for McDonald's interview

He told the officer he needed to shave so he could get a job at a local fast food restaurant. He said, obviously he didn't have screws with him, so he just tightened up the ones that were already there, enoug...More..

Iran army warns of 'firm, strong response' to U.S. threats
by | Wednesday, July 25, 2018

Iran army warns of 'firm, strong response' to U.S. threats

Iranian officials described the US move as an economic war. U.S. Senator Chris Murphy on Monday criticized U.S. President Donald Trump's withdrawal from the Iran nuclear deal, saying no country has supporte...More..

Ramaphosa makes it rain as he secures $14.7-billion from China
by | Wednesday, July 25, 2018

Ramaphosa makes it rain as he secures $14.7-billion from China

Brand SA said Brics countries connected 42 percent of the world's population and were establishing new institutions and hosting conversations to create a world where "bricks are there to build bridges of mutual...More..

Facebook sets up US$30m subsidiary in mainland China
by | Wednesday, July 25, 2018

Facebook sets up US$30m subsidiary in mainland China

The Facebook subsidiary has been registered in the southern China city of Hangzhou and financed with an investment of £30m, according to the details of the filing, which were seen by Reuters and the New York Ti...More..

Papa John's attempts to ward off founder with poison pill
by | Wednesday, July 25, 2018

Papa John's attempts to ward off founder with poison pill

Founder John Schnatter resigned as chairman this month after his use of a racial slur during a media training session was revealed. He admitted to using the offensive term and apologized, while saying his c...More..

'We don't Tip Terrorist' message a hoax, restaurant now says
by | Wednesday, July 25, 2018

'We don't Tip Terrorist' message a hoax, restaurant now says

While Cavil was busy deleting his false Facebook profile, the customer got to have some of the best steak in Texas for free! Cavil, who is black and was born in the USA, took to Facebook to describe what happ...More..

by | Wednesday, July 25, 2018

Fiat Chrysler’s Sergio Marchionne dies after complictions from surgery

On Wednesday, Exor NV, the holding company of Fiat's founding Agnelli family, confirmed the passing of Marchionne at the age of 66. Marchionne rescued Fiat and Chrysler from bankruptcy after taking the whee...More..

by | Wednesday, July 25, 2018

Former FCA CEO Sergio Marchionne dies aged 66

Marchionne was recovering from surgery and that these have worsened significantly in recent hours. "It is with the deepest sadness that EXOR has learned of the passing of Sergio Marchionne", the holding compa...More..

EU Fines Asus, Philips, And Pioneer For Price Fixing
by | Wednesday, July 25, 2018

EU Fines Asus, Philips, And Pioneer For Price Fixing

The four companies fined on Tuesday were found to have restricted the ability of online retailers to set their own prices for products such as kitchen appliances , notebook computers and hi-fi products, insist...More..

by | Wednesday, July 25, 2018

Donald Trump Iran Twitter Threat Turned Into Meme

President Trump had issued a fiery twitter response after the Iranian president made a threat against the United States. It was the concern that sanctions could be reinstated that led to Mr Rouhani's war...More..

Ryanair cancels 24 flights as 100 pilots go ahead with strike
by | Wednesday, July 25, 2018

Ryanair cancels 24 flights as 100 pilots go ahead with strike

Separately, Ryanair also announced today that it is cancelling up to 600 flights next week as a result of a two-day strike by cabin crew in Belgium, Portugal and Spain. Other flights starting or ending in Portu...More..

Ryanair slams air traffic control shortages following major flight delays
by | Wednesday, July 25, 2018

Ryanair slams air traffic control shortages following major flight delays

The complaint relates to the discovery by Deco that "already after the strike notice [was issued], Ryanair continued to sell tickets, concealing information that would be essential about that same strike notice...More..

Nebraska senators react to $12B plan to assist farmers affected by tariffs
by | Wednesday, July 25, 2018

Nebraska senators react to $12B plan to assist farmers affected by tariffs

The U.S. and its European allies are meeting as the dispute threatens to spread to automobile production. On Tuesday, the Trump administration announced it would provide money to farmers impacted by tariffs d...More..

Trump attacks China, EU over currencies
by | Wednesday, July 25, 2018

Trump attacks China, EU over currencies

The move came as Mr Trump , in an interview with CNBC aired last Friday morning, said he was willing to expand tariffs to US$500 billion (S$681 billion) worth of Chinese imports - which would cover virtual...More..

by | Wednesday, July 25, 2018

Harley-Davidson drops profit margin forecast over Trump tariffs

The European tariffs, enacted as retaliation for Trump's taxes on steel and aluminum imports, forced the motorcycle company to make moves it had never considered before. The company has assembly plants in Austr...More..

by | Wednesday, July 25, 2018

Republicans denounce Trump plan for 'welfare' for farmers hit by tariffs

And the farmers will be the biggest beneficiary. "This is only a short-term solution", said Agriculture Secretary Sonny Perdue , and is meant to give Trump time to rebalance trade rules worldwide. One of...More..

United States to give farmers $12bn trade war bailout
by | Wednesday, July 25, 2018

United States to give farmers $12bn trade war bailout

These Chinese tariffs have hit farmers particularly hard. The size of the direct payments to farmers as a result of trade shortfalls would be unprecedented, said Scott Irwin, an agricultural economist at th...More..

Satellite Images Show North Korea Dismantling Ballistic Missile Launch Site
by | Wednesday, July 25, 2018

Satellite Images Show North Korea Dismantling Ballistic Missile Launch Site

According to Yonhap , Nam Gwan-pyo, deputy director of the South's national security office, said: "It's better than doing nothing". Secretary of State Mike Pompeo said the imagery was "entirely consistent" w...More..

by | Wednesday, July 25, 2018

Trump plans to give billions in aid to farmers hurt by tariffs

Politico first reported news of the aid plan. Additionally, the product's final assembly or processing must have taken place in the US. After $34 billion in tariffs against China went into effect earlier this ...More..

by | Tuesday, July 24, 2018

Trump administration to announce financial assistance to farmers in wake of tariffs

The agricultural industry has been hit so hard that the White House is preparing a $12 billion bailout for farmers , according to The Washington Post . Trump's tweet comes as he is scheduled to meet with Eu...More..

Mega Millions ticket worth $1M sold in Delaware County
by | Tuesday, July 24, 2018

Mega Millions ticket worth $1M sold in Delaware County

Players must select five numbers from 1 to 70 and one Mega Ball from 1 to 25. The Mega Millions jackpot has surged to more than half a billion dollars. The estimated Super Kansas Cash jackpot for Saturday i...More..

New York Daily News axes half of its staff
by | Tuesday, July 24, 2018

New York Daily News axes half of its staff

The company also announced the departures of Jim Rich, the newspaper's editor-in-chief, and Kristen Lee, its managing editor. In a sign of the tabloid's faltering economic health, it was sold for only $1. "Tr...More..

Trump administration plans to help farmers hurt by global trade tensions
by | Tuesday, July 24, 2018

Trump administration plans to help farmers hurt by global trade tensions

The Washington Post earlier reported that the White House was readying $12 billion in assistance, citing two people familiar with the plan. The new plan at the Agriculture Department would advance emergency f...More..

Trump fires off explosive threat to Iran's leader
by | Tuesday, July 24, 2018

Trump fires off explosive threat to Iran's leader

Iran insists its nuclear programme is entirely peaceful, and its compliance with the deal has been verified by the International Atomic Energy Agency (IAEA), which has said Iran is honouring its commitments. ...More..

Alphabet profits jump despite record European Union fine
by | Tuesday, July 24, 2018

Alphabet profits jump despite record European Union fine

After subtracting Alphabet's advertising commissions, revenue was $26.24 billion United States, also exceeding Street forecasts of $25.64 billion US. Google's advertising business grew 24% over the quarter. ...More..

Pepperidge Farm recalls some Goldfish crackers for salmonella risk
by | Tuesday, July 24, 2018

Pepperidge Farm recalls some Goldfish crackers for salmonella risk

If they're in a Pepperidge Farm Blasted X-treme Cheddar package, you should take them back to the store or throw them out because they're being recalled due to possible Salmonella contamination. The company s...More..

China rejects Trump accusations of yuan manipulation
by | Tuesday, July 24, 2018

China rejects Trump accusations of yuan manipulation

Also playing a role in the global tick-up in yields and declines in the dollar was a Reuters report that the Bank of Japan was in unusually active discussions to modify its massive easing programme. The...More..

Alphabet 2Q earnings: Here’s what to expect
by | Tuesday, July 24, 2018

Alphabet 2Q earnings: Here’s what to expect

Last week, European Union officials slapped a 4.34-billion-euro ($5 billion) penalty on the U.S. tech giant for illegally abusing the dominance of its operating system for mobile devices. Some analysts exclud...More..