Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout

In a letter to employees on Tuesday, Musk suggested a choice for shareholders of selling their shares for $420 each or remaining investors in a private Tesla . At least two investors have sued Musk and Tesla alleging share-price manipulation. Mu... More..

by | Published more than a month ago
Crocs shutting down its remaining manufacturing facilities
by | Monday, August 13, 2018

Crocs shutting down its remaining manufacturing facilities

Announcement of her move comes after Crocs closed 28 of its 558 worldwide stores. This was a huge shock for the Croc lovers. However, Crocs has assured its fans that this isn't the end of their favourite ho...More..

by | Monday, August 13, 2018

Fall of the Turkish Lira raises concerns for emerging markets

Reverberations spread through global markets, with European stock markets especially hit as investors took fright over banks' exposure to Turkey. President Recep Tayyip Erdogan on Sunday criticized the US, ...More..

Mexico NAFTA talks drag on as autos sticking points emerge
by | Monday, August 13, 2018

Mexico NAFTA talks drag on as autos sticking points emerge

But the USA negotiators do not want to apply the same guarantees to new Mexican auto plants, the officials said, as the potential threat of 25 percent tariffs would discourage new automotive investment in...More..

Canada's job surge beats expectations, but there is a catch
by | Monday, August 13, 2018

Canada's job surge beats expectations, but there is a catch

Statistics Canada says the rate for the economic region that stretches from Banff to Peace River was six per cent in July, down from 6.7 per cent the month before. Average hourly wage growth, which is scrutiniz...More..

Nike Hit With Lawsuit From Ex-Employees Alleging Discrimination
by | Sunday, August 12, 2018

Nike Hit With Lawsuit From Ex-Employees Alleging Discrimination

The lawsuit, filed Thursday in federal court in Portland, Oregon , seeks class-action status and accuses the maker of athletic footwear and apparel of violating the Federal Equal Pay Act and similar state laws...More..

Airline employee steals plane from Seattle airport, crashes and dies
by | Sunday, August 12, 2018

Airline employee steals plane from Seattle airport, crashes and dies

In the chilling recording, he revealed he was a "broken man" and apologised to the air traffic controller. I was kinda hoping that was going to be it. Erroll Southers, a former Federal Bureau of Investigation a...More..

IKEA opens India`s first store in Hyderabad
by | Sunday, August 12, 2018

IKEA opens India`s first store in Hyderabad

Next year, it also plans to start e-commerce so that customers in other locations can also start buying IKEA products. "Economy is strong and it will be booming", he said. Many were curious to see the offerin...More..

Turkey turmoil spills over to Wall St, shaves 200 pts off Dow
by | Sunday, August 12, 2018

Turkey turmoil spills over to Wall St, shaves 200 pts off Dow

President Donald Trump ratcheted up tariffs on aluminum and steel amid growing dissention between the two countries. Turkish President Recep Tayyip Erdogan went as far as asking citizens to convert their dolla...More..

GBP/USD tumbles to 1.2900 handle, fresh 11-month lows
by | Sunday, August 12, 2018

GBP/USD tumbles to 1.2900 handle, fresh 11-month lows

Sterling/dollar three-month implied volatility - a gauge of how volatile traders expect a currency to be - this week spiked to its highest since early March. While this is not a guarantee yet, with Prime Minist...More..

Family of airline worker who crashed stolen plane 'shocked'
by | Sunday, August 12, 2018

Family of airline worker who crashed stolen plane 'shocked'

The aircraft then crashed into Ketron Island , 40 km to the southwest of the Seattle/Tacoma Airport. The plane crash, according to fire officials in the area, resulted in a fire that has since been upgraded ...More..

AUDIO emerges of conversation between Seattle hijacker & air traffic controller
by | Sunday, August 12, 2018

AUDIO emerges of conversation between Seattle hijacker & air traffic controller

Ketron Island has few residents. Press Secretary Sarah Huckabee Sanders said Saturday morning Trump is monitoring the situation . Trump is now at his New Jersey golf club, and Sanders commended the response ...More..

by | Sunday, August 12, 2018

Jet crashes after 'unauthorized take-off' from SeaTac airport, officials say

Russell said to dispatchers at one point, "You think if I can land this successfully, Alaska will give me a job as a pilot?" and the Air Traffic Control tower said, "I think they will give you a job doing anyth...More..

News Corp heralds digital on way to $US1.4b loss
by | Sunday, August 12, 2018

News Corp heralds digital on way to $US1.4b loss

Delany has called in consultants to help him plot a new future for Foxtel with a bold new program set to be rolled out on the 14th of August in Sydney. However, the company reported a fiscal year loss of $1 bil...More..

BC government announces proposed changes to ICBC rates
by | Sunday, August 12, 2018

BC government announces proposed changes to ICBC rates

Those drivers who have caused crashes in the last decade will pay more under the new system, but they can waive one at-fault crash if they have 20 years experience and are 10 years crash-free. It's unclear, how...More..

Tesla plunges, wiping out tweet-fueled rally in just two days
by | Sunday, August 12, 2018

Tesla plunges, wiping out tweet-fueled rally in just two days

The tweet itself, which sent Tesla shares soaring as much as almost 11%, is not likely to be considered manipulation, but should his statement prove false, it would constitute fraud. Regulations cap the numbe...More..

Tesla CEO Musk accused in lawsuit of defrauding shareholders
by | Saturday, August 11, 2018

Tesla CEO Musk accused in lawsuit of defrauding shareholders

It is a different matter that the prices subsequently fell. One tweet on Tuesday said that funding to take Tesla private was " secure ". Investors argue that the carmaker artificially inflated Tesla's sto...More..

China set to respond to new round of United States tariffs
by | Saturday, August 11, 2018

China set to respond to new round of United States tariffs

The United States Trade Representative (USTR) has finalised tariffs on nearly $16 billion worth of Chinese imports, in response to what it insists are "unfair trade practices". Exports to the rest of the world ...More..

Trump doubles steel and aluminum tariffs on Turkey
by | Saturday, August 11, 2018

Trump doubles steel and aluminum tariffs on Turkey

A 20 percent fall in exports would only reduce GDP by 0.1 percentage point or less per year in the 19 countries that use the euro currency. Bookings to Turkey have gone up in recent months - although the exact ...More..

Unauthorised take-off of plane near Seattle
by | Saturday, August 11, 2018

Unauthorised take-off of plane near Seattle

Video showed the aircraft doing large loops and other unsafe maneuvers as the sun set. There were no passengers aboard. The airport said normal operations at the airport, which sits between Seattle and ...More..

Britons Safe To Use Roundup, Maker Insists After £226m Cancer Lawsuit Loss
by | Saturday, August 11, 2018

Britons Safe To Use Roundup, Maker Insists After £226m Cancer Lawsuit Loss

Plaintiff Dewayne Johnson, shown on July 9, listening to his attorney speak about his condition during the Monsanto trial in San Francisco . Johnson, a California groundskeeper diagnosed in 2014 with non-Ho...More..

Higher US tariffs increase pressure on Turkish economy
by | Saturday, August 11, 2018

Higher US tariffs increase pressure on Turkish economy

Last week, Erdogan called on Turks to convert their foreign currency and gold into Turkish lira to help the currency. Speaking in the northeastern province of Gumushane, Erdogan said, "Apparently, those who b...More..

Turkish lira plunges as Trump hits Ankara with increased tariffs
by | Saturday, August 11, 2018

Turkish lira plunges as Trump hits Ankara with increased tariffs

President Trump said Friday the USA will double tariffs on steel and aluminum for Turkey, noting the relationship between the two states "are not good at this time!" Turkey's woes shook world markets, pu...More..

by | Saturday, August 11, 2018

Turkish lira in free-fall as Trump doubles metals tariffs

President Donald Trump said on Friday he had authorised higher tariffs on imports from Turkey , imposing a 20 percent duty on aluminium and 50 percent one on steel , as tensions rose between the two North...More..

McDonald's offering chance to win McGold Card, free food for life
by | Saturday, August 11, 2018

McDonald's offering chance to win McGold Card, free food for life

The card is actually a gold plated phone case that will be awarded to the competition's victor. Warren Buffett, Rob Lowe and Bill Gates are said to be among them, but Business Insider reports that Gates is th...More..

US SEC Postpones VanEck-SolidX Bitcoin ETF Decision Until September 30
by | Friday, August 10, 2018

US SEC Postpones VanEck-SolidX Bitcoin ETF Decision Until September 30

Bitcoin's market dominance is holding steady at 49.1%, having taken a 7.76 per cent hit in 24 hours. The cryptocurrency market came reeling as a result with investors taking a negative view of the developmen...More..

Bitcoin, Ethereum, Ripple, EOS, Litecoin
by | Friday, August 10, 2018

Bitcoin, Ethereum, Ripple, EOS, Litecoin

Major Altcoins like Ethereum , ripple , EOS and litecoin also followed BTC/USD's decline and tumbled. NY time, trading at just under $6,500, according to data from CoinDesk. During the last seven days, ...More..

Turkey's economic crisis deepens as Trump doubles tariffs
by | Friday, August 10, 2018

Turkey's economic crisis deepens as Trump doubles tariffs

It has also lost more than 40 percent this year, hitting a new record low after Trump took steps to punish Turkey in a wide-ranging dispute. Turkey's President Tayyip Erdogan told Turks to exchange gold a...More..

Ryanair strike: One in six flights cancelled in pilot walkout
by | Friday, August 10, 2018

Ryanair strike: One in six flights cancelled in pilot walkout

German pilot representatives said at a news conference Wednesday at Frankfurt's airport that they were joining the strike action because they want pay and work conditions comparable to those at Ryanair's comp...More..

Erdogan says attempts to exert economic pressure on Turkey futile
by | Friday, August 10, 2018

Erdogan says attempts to exert economic pressure on Turkey futile

Meanwhile, concerns were intensified on August 10 by a report in the Financial Times that the supervisory wing of the European Central Bank (ECB) had over the last weeks began to look more closely at eurozo...More..