Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they committed securities fraud in a scheme to "completely decimate" short-sellers that included Musk's proposal to take the electric vehicle company private. More..

by | Published 1 hours ago
Turkish lira plunges as Erdogan blames crash on 'political plot' against Ankara
by | Monday, August 13, 2018

Turkish lira plunges as Erdogan blames crash on 'political plot' against Ankara

Turkish President Recep Tayyip Erdogan on Saturday warned the United States that it risked losing a "strategic partner" due to demands made by the U.S. Turkish Treasury and Finance Ministry announced a...More..

Trump Re-imposes Sanctions on Iran
by | Friday, August 10, 2018

Trump Re-imposes Sanctions on Iran

Iran's envoy at the United Nations Gholamali Khoshroo said in an report published by The Guardian that the USA is making history not just by violating a United Nations Security Council resolution it voted f...More..

Pompeo: Sanctions to be enforced until Iran 'behaves like a normal country'
by | Tuesday, August 07, 2018

Pompeo: Sanctions to be enforced until Iran 'behaves like a normal country'

The EU said it would now swiftly bring in legal cover for firms in the 28-nation bloc to work with Iran , after the Trump administration rejected European calls for an exemption. In his statement, President...More..

Tim Cook: $1 trillion cap ‘not the most important measure of success’
by | Saturday, August 04, 2018

Tim Cook: $1 trillion cap ‘not the most important measure of success’

Before the release of the iPhone, Apple was reporting revenue of less than $20bn and profits of less than $2bn from the sale of its Mac personal computers in 2006. Today's chart shows this milestone - as well...More..

Harley-Davidson rebels with an electric motorcycle
by | Wednesday, August 01, 2018

Harley-Davidson rebels with an electric motorcycle

The announcement follows the development of the electric concept bike LiveWire Project, which was created back in 2014 to enable riders to test drive and give feedback on so that the company could refine the ...More..

Canada and Mexico optimistic about NAFTA talks despite trade tensions at G20
by | Friday, July 27, 2018

Canada and Mexico optimistic about NAFTA talks despite trade tensions at G20

U.S. President Donald Trump told Mexico's president-elect in a letter that a quick renegotiation of the North American Free Trade Agreement (NAFTA) would bring more jobs for both countries, but warned of a ve...More..

Tesla asks suppliers for money back on Model 3 parts
by | Wednesday, July 25, 2018

Tesla asks suppliers for money back on Model 3 parts

Tesla's Australia and Asia media office, as well as a spokesman and spokeswoman in the USA, didn't reply to emails seeking comment on the Journal report . Tesla's cash position is a concern because the com...More..

Trump ratchets up criticism of Fed interest rate rises
by | Monday, July 23, 2018

Trump ratchets up criticism of Fed interest rate rises

Asked on CNBC if he is ready to go to $500 billion - a number that almost matches the $505 billion in products that China exported to the U.S.in 2017 - Trump said, "I'm ready to go to 500". He was referring t...More..

Android antitrust: Google hit with giant  €4.34 billion fine by Europe
by | Thursday, July 19, 2018

Android antitrust: Google hit with giant €4.34 billion fine by Europe

Those activities included requiring smartphone manufacturers to pre-install Google Search and Chrome on their devices in order to use Google's Play marketplace; paying smartphone makers and mobile network opera...More..

Ex-Tesla worker makes it official and blows the whistle to SEC
by | Monday, July 16, 2018

Ex-Tesla worker makes it official and blows the whistle to SEC

On July 2, the company said it had made 5,031 Model 3s during the final week of June and 28,578 during the second quarter, more than it had made in the prior three quarters combined . It would double the si...More..

by | Wednesday, July 04, 2018

Largest US business group attacks President Trump on tariffs

And he is pressuring Canada and Mexico to agree to rewrite the North American Free Trade Agreement to shift more auto production to the United States and encourage companies to move investment from Mexico to ...More..

by | Wednesday, July 04, 2018

USA aims to reduce Iran’s oil revenue to zero

The restart of those sanctions has global energy buyers nervous as to who will replace those barrels. Saudi Arabia's Oil Minister Khalid al-Falih arrives for an OPEC meeting in Vienna, Austria, June 22, 2018....More..

President Trump: EU Possibly Bad as China on Trade, Just Smaller
by | Wednesday, July 04, 2018

President Trump: EU Possibly Bad as China on Trade, Just Smaller

As well as the tariff threats, the European Commission is also believed to have warned Trump that his behaviour could "result in yet another disregard of global law" by the U.S., as well as saying that any au...More..

Tesla makes 5000 Model 3s per week, but can it continue?
by | Tuesday, July 03, 2018

Tesla makes 5000 Model 3s per week, but can it continue?

If we are to solve the great challenges of the twenty-first century - whether overpopulation, democratic disruption, new antibiotic-resistant diseases, or shortages of resources - it will be thanks to innovator...More..

[H]ardOCP: Tesla to Close a Dozen Solar Facilities in 9 States
by | Monday, June 25, 2018

[H]ardOCP: Tesla to Close a Dozen Solar Facilities in 9 States

Tripp , the Tesla lawyers said , had been "disruptive and combative" with colleagues and had grown disgruntled after being assigned to a new role. Prior to the lawsuit Tesla CEO Elon Musk sent an emai...More..

SCOTUS Ruling on Internet Sales Tax Called 'Disastrous' for N.H. Economy
by | Friday, June 22, 2018

SCOTUS Ruling on Internet Sales Tax Called 'Disastrous' for N.H. Economy

States can, however, begin passing laws that require online retailers to collect sales tax from customers even if they have no physical presence in a state. Now that Amazon's distribution network spans the...More..

Kansas deputy killed, another critically wounded by gunman who was also shot
by | Monday, June 18, 2018

Kansas deputy killed, another critically wounded by gunman who was also shot

This is the fourth shooting involving law enforcement officers who were injured or killed in KCK in the past three years. Video from a woman who was inside one of the courtrooms shows the chaos that follo...More..

Fed Raises Interest Rates, Signals Faster Hikes on the Way
by | Thursday, June 14, 2018

Fed Raises Interest Rates, Signals Faster Hikes on the Way

The Fed is looking for interest rates to rise to 3.4% by 2020, unchanged from the previous forecast. The Fed had said its key rate "is likely to remain, for some time, below levels that are expected to prevai...More..

by | Tuesday, June 12, 2018

IHOP reveals what the 'b' stands for in IHOb

If you guessed that the "b" stood for burgers , you would have been correct. The company said the secret would be revealed this morning.and it's official. This letter swap is a promotion to show off the 60-y...More..

Porche's Taycan will be competitor to Tesla
by | Monday, June 11, 2018

Porche's Taycan will be competitor to Tesla

The Taycan will have an electric system output upwards of 600hp and a possible range of more than 500km on a full charge. Stay tuned for more updates on the Porsche Taycan . Series production of the ...More..

by | Sunday, June 10, 2018

Trump decides to leave G7 meeting in Quebec early after trade dispute

On Friday, Mr Trump made a surprise call for Moscow to be readmitted, but German Chancellor Angela Merkel said other members were against the idea. Trump criticized the premise of the question, which came f...More..

Tech stocks gain as USA confirms ZTE deal
by | Friday, June 08, 2018

Tech stocks gain as USA confirms ZTE deal

The ban also hurt American companies that supply ZTE. According to Mr. Ross, speaking on CNBC , ZTE must change its management and its board, pay the fine, and put $400 million in escrow, which it will for...More..

by | Thursday, June 07, 2018

European Union sets July timeframe for United States tariff reprisals

Rebuffing the criticism down the line, Mr Trump reportedly shot back: "Didn't you guys burn down the White House?" Now, to be fair to Trump, the British attack on the White House was in retaliation for our at...More..

Qatar Airways may incur loss for two consecutive years
by | Wednesday, June 06, 2018

Qatar Airways may incur loss for two consecutive years

Qatar Airways has in the past faced criticism for its treatment of female cabin staff, with the Guardian reporting in 2015 that they had in the past been fired for such reasons as being pregnant and having a t...More..

Moody's cuts India's projected growth rate for 2018
by | Sunday, June 03, 2018

Moody's cuts India's projected growth rate for 2018

As per the Provisional estimates of national income, the growth rate of GDP at constant (2011-12) prices for the financial year 2017-18 is estimated at 6.7 percent. Assocham Secretary General D S Rawat said, "W...More..

Conte again agrees to lead Italy's populist government
by | Saturday, June 02, 2018

Conte again agrees to lead Italy's populist government

French far-right leader Marine Le Pen tweeted: "Bravo to the coalition". After meeting President Mattarella, Mr Conte confirmed reports that the new candidate for the key economy minister post would be econom...More..

Amazon Rankles Australian Customers by Pushing Them to a Local Site
by | Friday, June 01, 2018

Amazon Rankles Australian Customers by Pushing Them to a Local Site

In an email to customers today, the company said from 1 July it would redirect Australian shoppers from its worldwide sites to amazon.com.au where products sold by Amazon US will be available on the new global ...More..

Common Explains Why He Teamed With Starbucks For Anti-Bias Training
by | Friday, June 01, 2018

Common Explains Why He Teamed With Starbucks For Anti-Bias Training

In return for not filing a lawsuit against Philadelphia or its employees, the two men - Rashon Nelson and Donte Robinson asked the city spend Dollars 200,000 to help young entrepreneurs, to which the latter agr...More..

by | Thursday, May 31, 2018

U.S. trade tensions at fever pitch as steel deadline looms

President Trump had announced the tariffs in March, but gave several US allies temporary exemptions while they negotiated potential limits on shipments to the United States. "The president is a great supporter...More..

Gas prices on the rise could affect holiday travel
by | Tuesday, May 29, 2018

Gas prices on the rise could affect holiday travel

The company anticipates the national average of unleaded regular to hit $2.95 per gallon on Memorial Day, a 65-cent increase over the holiday a year ago. The Ohio Department of Transportation said in a press re...More..

Petrol price crosses Rs 85 in Mumbai, no relief in sight
by | Sunday, May 27, 2018

Petrol price crosses Rs 85 in Mumbai, no relief in sight

There have been 10 increases and three reductions in diesel prices, resulting in an increase of diesel price by Nu 10.17 a litre. Noting that petrol and diesel prices are defined by worldwide crude oil ...More..

How will the new European Union law affect the UAE?
by | Friday, May 25, 2018

How will the new European Union law affect the UAE?

The general data protection regulation , which has come into effect, has prompted a number of prestigious US-based websites including the Los Angeles Times and Chicago Tribune to shut off access to interne...More..

'No alternative' to Iran deal, EU's Mogherini tells US
by | Wednesday, May 23, 2018

'No alternative' to Iran deal, EU's Mogherini tells US

In a dig at Obama and Kerry, Pompeo called out Iran's president, Hassan Rouhani , and foreign minister, Javad Zarif. She reiterated that the International Atomic Energy Agency (IAEA) had confirmed alre...More..

Gennady Golovkin Annihilates Vanes Martirosyan In Two Rounds
by | Sunday, May 06, 2018

Gennady Golovkin Annihilates Vanes Martirosyan In Two Rounds

Golovkin began asserting himself early in the second, however, and drove Martirosyan to the ropes with a right uppercut. Another shot appeared to connect as Martirosyan touched the canvas, but referee Jack Re...More..

Silver Price Rises After Dovish Fed Remarks
by | Saturday, May 05, 2018

Silver Price Rises After Dovish Fed Remarks

Most analysts anticipate two or three more hikes this year, and the Fed has five remaining meetings (June 12-13, July 31-August 1, September 25-26, November 7-8, and December 18-19) to hit that target. In the o...More..

China's Xiaomi files for mega Hong Kong IPO, lifts lid on financials
by | Thursday, May 03, 2018

China's Xiaomi files for mega Hong Kong IPO, lifts lid on financials

The announcement came as the consumer electronics company gave investors the first detailed look at its financial position ahead of the much-hyped IPO. That offered investors a glimpse into the inner workings o...More..

Gibson files for bankruptcy, legendary guitar maker to operate while reorganizing
by | Wednesday, May 02, 2018

Gibson files for bankruptcy, legendary guitar maker to operate while reorganizing

A change in control will be undergone where current stockholders like CEO, Henry Juszkiewicz , will be replaced. The maker of the storied Gibson Les Paul guitar, which has been in business since 1894, said...More..

Travel the world and get paid to do it
by | Sunday, April 29, 2018

Travel the world and get paid to do it

We are nearly halfway through the year, which means holiday-planning for many people - and if you have some free time on your hands over the next few months, you could be in luck. A representative of the airlin...More..

How major U.S. stock indexes fared Tuesday
by | Sunday, April 29, 2018

How major U.S. stock indexes fared Tuesday

On Tuesday, bellwether Caterpillar posted earnings and revenue that beat expectations, but the shares fell after the company's CFO said their first-quarter results may have been the "high watermark" for the y...More..