Economy

Microsoft to supply USA soldiers with HoloLens headsets on the battlefield

Microsoft to supply USA soldiers with HoloLens headsets on the battlefield

Army. As Bloomberg reports , HoloLens is already in use by the US Army and Israeli military for training, but this contract is different as it requires Microsoft to modify the headsets so as to...

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New Tariffs Could Hit Laptops, iPhones, Trump Says

New Tariffs Could Hit Laptops, iPhones, Trump Says

China pushed back by slapping $60 billion more of USA goods with tariffs. He said in the interview his tariffs could impact Apple products imported from China, including iPhones and laptops. Th...

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Angry over cutbacks, Trump threatens to end subsidies to GM

Angry over cutbacks, Trump threatens to end subsidies to GM

US President Donald Trump has escalated his attack on General Motors (GM) a day after the carmaker announced major job cuts . Another two will close outside North America. In GM's third-quarter ear...

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GM to slash 14,700 jobs in North America

GM to slash 14,700 jobs in North America

GM also said that the company will cut the Buick LaCrosse , Chevrolet Impala and Cadillac CT6 sedans next year. GM isn't the first to abandon much of its vehicle market. Youngtown is in a Democra...

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United States sends out further warning on using Huawei hardware

United States sends out further warning on using Huawei hardware

The US maintains many military bases overseas, in Japan and Germany for example, in countries where Huawei equipment is popular. Some of those familiar with the conversations added that the U.S. The...

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Dow dives 2.2%, moves into the red for 2018

Dow dives 2.2%, moves into the red for 2018

The Standard & Poor's 500 index slid 45.54 points, or 1.7%, to 2,690.73. The Dow Jones Industrial Average briefly fell 500 points. The Nasdaq Composite Index was up 96.19 points, or 1.39 per cen...

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Renault keeps Carlos Ghosn as CEO despite arrest in Japan

Renault keeps Carlos Ghosn as CEO despite arrest in Japan

After an emergency meeting Tuesday, Renault announced that independent director Phillippe Lagayette would take over as interim chairman for the automaker and Chief Operating Officer Thierry Bollore ...

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Oil recovers some losses after 6-percent plunge, but market on edge

Oil recovers some losses after 6-percent plunge, but market on edge

The S&P 500 hit a three-week low on Tuesday as weak results and forecasts from big retailers fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone sa...

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Nissan Chairman Faces Arrest In Japan

Nissan Chairman Faces Arrest In Japan

Nissan Motors said Monday it was moving to dismiss chairman Carlos Ghosn after uncovering "significant acts of misconduct ", including underreporting his own salary and using company assets for hi...

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Amazon’s first official early Black Friday deals are here

Amazon’s first official early Black Friday deals are here

Black Friday is nearly upon us! Every day over the Black Friday period - which for Amazon is lasting most of November -the online retail giant will be adding new deals. A personal finance website ...

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Deal or no deal, European Union ready for final Brexit deal - Tusk

Deal or no deal, European Union ready for final Brexit deal - Tusk

The plan as proposed would cross what the DUP sees as its red line. "Am I going to see this through?" The minister joined Brexit Secretary Dominic Raab in stepping down on Thursday in a joint bl...

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Apple suppliers tumble on as weak iPhone demand persists

Apple suppliers tumble on as weak iPhone demand persists

Apple Inc' and major suppliers to the company's iPhone fell Monday as investors fretted that one of the most important product lines in the technology sector was seeing weak demand. Apple began shippi...

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Singles' Day sets new record at £24bn but growth slows

Singles' Day sets new record at £24bn but growth slows

Consumers spent a total of 168.5 billion yuan (USD 24.3 billion) by the afternoon, the report said. Last year's record of RMB168.2 billion (~RM101.2 billion) in GMV was broken at 3.49pm. The US has sl...

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Tesla names board director to replace Musk

Tesla names board director to replace Musk

In media interviews he said he often slept on a sofa in the Tesla office and more recently in an online video he briefly smoked marijuana. Michael Cusumano, a professor at the Massachusetts Instit...

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Races to watch in United States midterm elections

Races to watch in United States midterm elections

A fanatical Trump supporter was also arrested on charges of mailing pipe bombs to prominent opponents of the president, including Obama. And while the findings are far from definitive, they do suggest...

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Voting underway as Donald Trump faces litmus test

Voting underway as Donald Trump faces litmus test

He estimated turnout would reach 45 percent; that would be the highest for a midterm election in 50 years. Democrats began to scent a big night in the U.S. Rep. Maxine Waters, who has urged peop...

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Lowe's shutting down two RONA store in northern Ontario, plus a Lowe's

Lowe's shutting down two RONA store in northern Ontario, plus a Lowe's

The affected stores, with locations including New York, Texas and California, as well as British Columbia and other Canadian provinces, are expected to close before February 1, 2019. The priority for ...

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Iran erupts as USA oil sanctions return

Iran erupts as USA oil sanctions return

Before travelling to a campaign rally for the U.S. mid-term elections, President Donald Trump said Iran was already struggling under his administration's policies. Pompeo maintained that despite the...

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Amazon just announced its best Black Friday deal: Free shipping on everything

Amazon just announced its best Black Friday deal: Free shipping on everything

By waiving the minimum purchase requirement, hundreds of millions of items will be eligible for free shipping . Just in time for holiday shopping, Amazon will offer free shipping on all orders ...

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Oil prices fall 2 percent on rising supply and trade war

Oil prices fall 2 percent on rising supply and trade war

Both stock markets and crude futures jumped in early October before selling off sharply. With Russia pumping oil at a post-Soviet high, US crude output at more than 11 million barrels per day (bpd...

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Donald Trump, Xi Jinping eye G20 talks after ‘very good’ phone call

Xi on Thursday said he looks forward to meeting with Trump at the G20 in Argentina, according to China's state media . It was "hard to know what Trump wants most from China" because of a fragmented ...

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Brent oil prices dips on rising supply, global market woes

Brent oil prices dips on rising supply, global market woes

Some 280,000 barrels of crude oil were traded on Sunday, the first day of offering crude oil for export on Iran Energy Exchange (IRENEX), just few days before new round of US sanctions on petroleu...

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Ease of doing business Index 2019

Ease of doing business Index 2019

The Middle East and North Africa region scaled a new high with 43 reforms. "During this past year, Kenya has once again showcased itself as one of the global leaders in adopting worldwide best pra...

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Urjit Patel may resign as Jaitley’s remarks widen RBI-govt rift

Urjit Patel may resign as Jaitley’s remarks widen RBI-govt rift

In such a situation, the law adds, the general supervision and "direction of affairs and business of the bank will be entrusted to a central board of directors which may exercise all powers and do all...

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Winning numbers drawn for $750 million Powerball jackpot

Winning numbers drawn for $750 million Powerball jackpot

No one has won the Powerball jackpot since August 11, when a man from Staten Island, New York, won $245.6 million. The Powerball jackpot for the Saturday, Oct. A victor who opted for cash would ...

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Dow futures point to gains at the open after strong Boeing earnings

Dow futures point to gains at the open after strong Boeing earnings

The index is now down for the year. Bond prices rose, sending the yield on the 10-year Treasury note down to 3.14 percent from 3.19 percent late Monday. Tesla was among the few winners Tuesday. No...

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'They can use Huawei': China mocks report it tapped Trump’s iPhone

'They can use Huawei': China mocks report it tapped Trump’s iPhone

If the U.S.is still concerned about security, Trump could "abandon all modern communication devices and cut off contact with the outside completely", she said . TheNew York Times report said th...

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Vince McMahon Dodges Saudi Arabia Discussion During Earnings Call (AUDIO)

Vince McMahon Dodges Saudi Arabia Discussion During Earnings Call (AUDIO)

TASI, the largest Arab bourse, is 8.4 percent higher on the year. In this photo released by Saudi Press Agency, SPA, Saudi Crown Prince, Mohammed bin Salman addresses the Future Investment Initiat...

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Here are the winning numbers for the $1 billion Mega Millions jackpot

Here are the winning numbers for the $1 billion Mega Millions jackpot

Despite the poor odds, lotteries remain very popular among Americans, with the amount spent on lottery tickets each year varying widely from state to state . Friday's prize is second only to a Power...

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Oil trades below $70 as US-Saudi tensions grow

Oil trades below $70 as US-Saudi tensions grow

Both countries earlier this month said they had completely suspended their purchases of Iranian crude ahead of the USA sanctions, which will enter into effect on November 5. Western pressure mounted...

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