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JD.com's billionaire CEO released after U.S. arrest

JD.com's billionaire CEO released after U.S. arrest

The billionaire founder of one of China's largest internet companies was arrested last week in Minnesota for alleged sexual misconduct, spending the night in jail before being released the following...

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Trump blasts union leader on Labor Day

Trump blasts union leader on Labor Day

Trump notified Congress on Friday of his intent to sign a revamped deal in 90 days, amid negotiations that blew past the deadline imposed by the president. Donald Trump said there is "no political ne...

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FOCAC 2018 summit: 9 major things Buhari said in China

FOCAC 2018 summit: 9 major things Buhari said in China

The Forum on China-Africa Cooperation (FOCAC) should "build links between dignity, work opportunity and economic", Ramaphosa said. "Resources for our cooperation are not to be spent on any vanity proj...

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Coca-Cola digs into coffee with $7b Costa purchase

Coca-Cola digs into coffee with $7b Costa purchase

Other big food brands are investing in coffee too. JAB Holdings, an investment holding company, has been buying up businesses and brands associated with Peet's, Caribou, Stumptown and Krispy Kreme Dou...

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Theresa May: Nigeria, UK sign agreement on security, economy

Theresa May: Nigeria, UK sign agreement on security, economy

May arrived Nigeria this afternoon as part of her visit to some African countries. British Prime Minister Theresa May meets with South African President Cyril Ramaphosa in Cape Town, South Afri...

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Elon Musk revives 'pedo' controversy in Twitter spat

Elon Musk revives 'pedo' controversy in Twitter spat

However, earlier this week, Musk appeared to double-down on his pedophilia themed attacks, tweeting, "You don't think it's odd [Unsworth] hasn't sued me?" Then Drew Olanoff, a former TechCrunch wr...

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President Donald Trump Tweetstorm - The Sunday Edition

President Donald Trump Tweetstorm - The Sunday Edition

Mr Weisselberg is reportedly mentioned on a tape secretly recorded by Cohen in 2016 in which a hush money payment to an alleged lover of Mr Trump is discussed. The Trump administration had a lon...

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Chief of the Fed navigates unsafe political and economic waters

Chief of the Fed navigates unsafe political and economic waters

Federal Reserve chair Jerome Powell sees plenty of reasons the US economy's strong run will continue. Even so, Fed watchers fully expect another quarter-point hike in the federal funds rat...

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Trump Org CFO Allen Weisselberg given immunity by prosecutors to testify

Cohen says he arranged payments to two women who said they had affairs with Trump more than a decade ago - and that he did it at Trump's direction. The detail comes on the heels of federal prosecu...

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Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates

Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates

Trump's remarks to Reuters follow reports that the president criticized the Fed's interest rate hikes at fundraiser in Long Island over the weekend. Raising interest rates would increase the ...

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Gold prices extend gains as dollar sags after Donald Trump remarks

The Fed is raising rates in an effort to keep prices stable and to prevent the economy from overheating, but Trump has complained the increased rates are obstacles to economic growth. Neil Wilson, t...

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London Gatwick passengers need to check whiteboards after IT glitch

London Gatwick passengers need to check whiteboards after IT glitch

London Gatwick Airport has descended into chaos after flight information screens suddenly stopped working. So staff have been forced to physically write on board while people crowd round hoping t...

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PepsiCo buys fizzy drink maker SodaStream for $3.2bn

PepsiCo buys fizzy drink maker SodaStream for $3.2bn

Speculation about PepsiCo or Coca-Cola buying Sodastream has bubbled for years. This represents a 32% premium to the 30-day volume weighted average price . She said SodaStream's products, which are...

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Trump asks SEC to mull half-year corporate filings vs quarterly

Trump asks SEC to mull half-year corporate filings vs quarterly

Such a switch would mark a huge change in the U.S. Securities and Exchange Commission's disclosure requirements and put them in line with European Union and United Kingdom rules . Riley FBR. "If pu...

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Italy ends search for Genoa bridge victims, mulls infrastructure plan

Italy ends search for Genoa bridge victims, mulls infrastructure plan

One survivor of the Genoa bridge collapse was in his vehicle as it plunged 45 meters (150 feet) to the ground along with falling sections of highway and concrete. Italy's populist ruling coalition l...

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Turkey s President Recep Tayyip Erdogan says country will defy economic threats

Turkey s President Recep Tayyip Erdogan says country will defy economic threats

The fate of Andrew Brunson , charged with terror offenses by a Turkish court, also overshadows the predicament of a Turkish-American scientist from NASA and several Turkish workers for the USA diplom...

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Washington, Ankara Trade Threats over New Sanctions

Washington, Ankara Trade Threats over New Sanctions

Brunson, an Evangelical pastor residing in the coastal province of Izmir, is standing trial in Turkey over terrorism charges. Turkey has been hit by a currency crisis fuelled by a heated row with th...

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Erdogan calls to boycott USA electronics, including iPhone

Erdogan calls to boycott USA electronics, including iPhone

Although narrowly tailored, those penalties have contributed to a slide in the value of the Turkey's currency , the lira , amid fears of a broad economic crisis. "Trade wars help no one, but Turkey ...

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Turkish lira rallies as Ankara increases tariffs on USA imports

Turkish lira rallies as Ankara increases tariffs on USA imports

U.S. President Donald Trump and his vice president Mike Pence have repeatedly called for the pastor's release and have sanctioned two Turkish ministers after a Turkish court moved him to house a...

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Saudi wealth fund PIF has shown no interest in bankrolling Tesla buyout

Saudi wealth fund PIF has shown no interest in bankrolling Tesla buyout

Elon could wind up in trouble if he had no factual basis for making the claim "funding secured". Tesla's board has not received a detailed financing plan from Chairma/CEO Musk, and is seeking mor...

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Draper identifies Utah firefighter killed battling huge blaze in California

Draper identifies Utah firefighter killed battling huge blaze in California

The fire is burning near the Mendocino National Forest, about 140 miles northwest of Sacramento. The Mendocino Complex Fire - comprising the River Fire and the Ranch Fire - is the largest record...

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Tesla board forms a committee to weigh Musk’s proposal of going private

Tesla board forms a committee to weigh Musk’s proposal of going private

Musk further claimed that he had the " funding secured " to take the company private, an act that would cost up to $70 billion. Musk said that since his Twitter post on the possibility of a deal the...

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Turkey's lira crisis: 'economic war' sees Erdoğan look east for new allies

Turkey's lira crisis: 'economic war' sees Erdoğan look east for new allies

Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the USA dollar, Swiss franc and yen. The lira recov...

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Lira crashes as U.S. slaps tariffs on Turkey

Lira crashes as U.S. slaps tariffs on Turkey

One of the triggers of the turmoil has been a standoff with the US over a detained American pastor that Turkey, a North Atlantic Treaty Organisation ally, has put on trial for espionage and terror-rel...

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Eat Free at McDonald’s for Life With the Mcgold Card

Eat Free at McDonald’s for Life With the Mcgold Card

Though meant to generate attention, the promotion actually could be a marketing McCoup for the Golden Arches. Big Macs for 50 years? One victor will win an elusive McGold Card from McDonald's . D...

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Trump doubles steel and aluminium tariffs on Turkey

Trump doubles steel and aluminium tariffs on Turkey

Turkey remains at loggerheads with the United States in one of the worst spats between the two North Atlantic Treaty Organisation allies in years over the detention for the last two years of Ameri...

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Tech stocks take Nasdaq, S&P close to record

Tech stocks take Nasdaq, S&P close to record

Tesla Inc's (TSLA.O) shares also fell to a two-day low and wiped out all of the gains fuelled by Chief Executive Elon Musk's recent tweet announcing a plan to take the company private. Seven of the 1...

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Turkey's floundering economy exacerbated by Trump tariffs

Turkey's floundering economy exacerbated by Trump tariffs

Mr Trump has castigated Turkey for detaining American pastor Andrew Brunson , who is on trial for terrorism charges for allegedly associating with plotters of the failed 2016 coup against Mr Erdogan....

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Tesla shares down as Wall Street digests take-private plan

Tesla shares down as Wall Street digests take-private plan

Musk didn't expand on what he meant by the tweet on Twitter but he did send out an internal memo to employees to explain the rationale behind the tweet highlighting three main reasons behind his int...

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Elon Musk tweets he has funding to take Tesla private

Elon Musk tweets he has funding to take Tesla private

The SEC did not immediately respond to a request for comment on Musk's tweet . In fact, Tesla has turned a narrow profit in only two quarters since it became a public company in 2010. The surpris...

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Trump reinstates Iran sanctions, slams 'horrible' nuclear deal

Trump reinstates Iran sanctions, slams 'horrible' nuclear deal

After months of fierce rhetoric, Trump surprised observers last week when he offered to meet with Rouhani without preconditions. Under that deal, nuclear-related Western sanctions on Iran were lif...

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White House Urges China Address ‘Unfair Trading Practices’ Not Tariff Retaliation

White House Urges China Address ‘Unfair Trading Practices’ Not Tariff Retaliation

It said the retaliatory duties of 25 percent, 20 percent, 10 percent or 5 percent on 5,207 products will be imposed "if the USA side persists in putting its tariff measures into effect". Beijing's ea...

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"Mac Coin" commemorates Big Mac 50th anniversary

Thankfully this coin is not digital, but rather physical, and its cost won't fluctuate. In the mad scramble to join the cryptocurrency market, McDonald's have entered the fray with the MacCoin ...

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Health alert issued for Caito Foods products due to Cyclospora concerns

Health alert issued for Caito Foods products due to Cyclospora concerns

Those who are infected might also experience loss of appetite, weight loss, stomach cramps or pain, nausea, gas and fatigue. "All of the 25 product varieties are now out of date, produced from July ...

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Harley-Davidson will launch an all-electric motorcycle

Harley-Davidson will launch an all-electric motorcycle

Coming in 2019 is the LiveWire , Harley-Davidson's first electric motorcycle. The company said it expects to improve Return on Invested Capital (ROIC), increase revenue and earnings, and return m...

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