Money

Kraft Heinz shares fall 28 percent after writedown, dividend cut

Kraft Heinz shares fall 28 percent after writedown, dividend cut

Kraft Heinz shares fell to a record low on a slew of bad news, mainly centering on a multibillion-dollar write-down, which had investors wondering if years of rigorous cost cuts came at the expense o...

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Nestle, Disney & Epic Games pull YouTube ads amid paedophile infiltration fears

Nestle, Disney & Epic Games pull YouTube ads amid paedophile infiltration fears

It was first reported on Wednesday that Epic Games had pulled pre-roll ads in response to this news, and it looks like Epic has company. The videos aren't pornographic in nature, but they feature ...

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Dublin Airport shut down over drone sighting

Dublin Airport shut down over drone sighting

United Kingdom police have not ruled out the possibility that the Gatwick drone chaos which hit the United Kingdom airport before Christmas may have been an inside job. The attacker hid the drone be...

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Honda proposes closing United Kingdom plant that builds Civic Hatchback, Type R

Honda proposes closing United Kingdom plant that builds Civic Hatchback, Type R

This decision was not taken lightly, and we deeply regret the trouble caused, he added. This morning, Honda said the closure was in response to "unprecedented changes in the global automotive indu...

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Financial Times: British intelligence says Huawei risk manageable

Financial Times: British intelligence says Huawei risk manageable

U.S. Vice-President Mike Pence , speaking last weekend in Germany, urged European allies to take seriously "the threat" he said was posed by Huawei as they look for partners to build the new 5G mob...

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China-US trade talks move to higher level as deadline looms

China-US trade talks move to higher level as deadline looms

The following day, a 10 percent tariff imposed in July on $200 billion of Chinese imports would rise to 25 percent. Even if a deal is reached it will not take the form of a detailed document. Declin...

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Tesla update to include Dog Mode

Tesla update to include Dog Mode

The new mode can be activated with a push of a button and activates the car's clime control mode, regulating the temperature to a safe degree no matter how hot it is outside the vehicle. If activity...

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Oil price rises after panic at OPEC

Oil price rises after panic at OPEC

Oil benchmarks are trading in the green at press time on OPEC's output cuts and supply issues in Venezuela. It said OPEC crude output was 930 thousand b/d lower in January at 30.83 million b/d, hi...

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Wilson-Raybould resignation sets back Liberal relationship with B.C. First Nations

Wilson-Raybould resignation sets back Liberal relationship with B.C. First Nations

In her letter of resignation as Veterans Affairs Minister Wilson-Raybould said she has retained former Supreme Court judge Thomas Cromwell to provide advice about speaking publicly about the scandal...

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Amazon drops huge chunk of change on self-driving vehicle tech

Amazon drops huge chunk of change on self-driving vehicle tech

Bagnell was a founder member of Carnegie Mellon's Robotics Centre and Uber's Advanced Technology Centre. So, even if Amazon is agnostic about the vehicles it hopes to implement in the future, partne...

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Read National Enquirer's response to Jeff Bezos's bombshell Medium post

Read National Enquirer's response to Jeff Bezos's bombshell Medium post

On Friday, AMI said that at the time of Mr Bezos' allegations it was "in good faith negotiations to resolve all matters with him". American Media continued to say that its company board will...

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RBI: Repo rate reduced by 25 basis points

RBI: Repo rate reduced by 25 basis points

The RBI has also changed its stance to "neutral" from existing "calibrated tightening". It was the first policy review by the RBI after appointment of its governor Shaktikanta Das in December prev...

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Oil price surges amid OPEC cuts & United States sanctions against Venezuela

Oil price surges amid OPEC cuts & United States sanctions against Venezuela

US West Texas Intermediate (WTI) crude futures gained 43 cents, or 0.8 percent, to $54.09 a barrel after posting a session low of $52.86 a barrel. Fritsch of Commerzbank said the Venezuelan issue ...

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Tusk says there's a special place in hell for Brexiteers

Tusk says there's a special place in hell for Brexiteers

Donald Tusk also indicated the Irish border backstop loathed by Leavers would not be removed from Theresa May's draft Withdrawal Agreement and that all sides must prepare for a "fiasco" no-d...

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Venezuelan opposition welcomes Canada's call for military backing

Venezuelan opposition welcomes Canada's call for military backing

Mr Maduro has said the aid will be turned away by his the army, while Mr Guaido has called on the troops to allow it in to help struggling citizens. At the same time, the group welcomed into the Li...

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Company Can't Pay Customers Because Boss Died With Password

Company Can't Pay Customers Because Boss Died With Password

Then I come across a story like what happened to a Canadian crypto exchange after its CEO died - died, that is, without ever sharing his passwords with anyone. Cotten was the only person with the pass...

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Trump Blasts Schumer Ahead of State of the Union Speech Emphasizing 'Unity'

Trump Blasts Schumer Ahead of State of the Union Speech Emphasizing 'Unity'

Whenever Trump demands funding for a border wall, he is stressing to his far-right supporters that he hasn't abandoned them. But the president is facing a tough audience in Washington as many Ho...

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How did the shutdown affect the January jobs report?

How did the shutdown affect the January jobs report?

The U.S. Labor Department reports that non-farm payrolls surged by 304,000 last month. Sales of existing homes plunged in December and fell 3.1 percent in 2018 from the previous year. Economists p...

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NITI Aayog Vice-Chairman Rajiv Kumar denies unemployment high, says data not verifiable

NITI Aayog Vice-Chairman Rajiv Kumar denies unemployment high, says data not verifiable

He said there was a well laid out procedure for approving NSSO reports and surveys . That was the highest since 1972/73, the period for which the data are comparable, the newspaper reported , citi...

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Alibaba Experience Slowdown On Revenue Growth

Alibaba Experience Slowdown On Revenue Growth

Alibaba derives more than 90% of its sales from China and any signs of a worsening Chinese economy is very likely to impact the Chinese-dependent company. Alibaba said that was primarily driven by...

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Surprise arrival of Russian Federation plane to Venezuela fuels intrigue

Surprise arrival of Russian Federation plane to Venezuela fuels intrigue

On January 23, he declared himself the country's acting president and vowed to lead a transitional government that would hold democratic elections . Juan Guaido , the Venezuelan opposition leader ...

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The Debate - Showdown in Venezuela: Can Guaido win over the military?

The Debate - Showdown in Venezuela: Can Guaido win over the military?

White House Press Secretary Sarah Sanders said Trump and Guaido also committed to maintaining "regular communication to support Venezuela's path back to stability, and to rebuild the bilateral relat...

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Bolton: Some of Maduro’s Generals Have Made Contact With Opposition

Bolton: Some of Maduro’s Generals Have Made Contact With Opposition

The consequences of default are much higher on those bonds since they're backed by a first-priority lien on a 50.1 percent stake in Citgo Holding Inc., PDVSA's USA refining arm. The UN spokesman Ruper...

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USA files charges against China's Huawei and CFO Meng Wanzhou

USA files charges against China's Huawei and CFO Meng Wanzhou

In December, Meng was detained in Vancouver at the request of the USA, who continues to work to extradite her. The department unveiled 13 charges against chief financial officer Meng Wanzhou - the d...

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USA sanctions Venezuela state-owned oil company

USA sanctions Venezuela state-owned oil company

The US said last week it would use the "full weight" of US economic and diplomatic power to push for the restoration of Venezuela's democracy and backed Guaido when he declared himself interim pres...

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Facebook Knowingly Let Minors Spend Parents' Money Without Consent

Facebook Knowingly Let Minors Spend Parents' Money Without Consent

They were part of a lawsuit centered on allegations that Facebook knowingly gouged teenagers by permitting them to spend hundreds of dollars buying additional features on games such as " Angry Birds "...

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LaGuardia Airport Has Flights Stopped During Shutdown

LaGuardia Airport Has Flights Stopped During Shutdown

Delta Air Lines had about 200 flights delayed at LaGuardia and other airports in the Northeast on Friday morning, a spokesman said. Representatives from the Port Authority of NY and New Jersey, which ...

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Maduro hails support of Turkey, Russia, China

Maduro hails support of Turkey, Russia, China

Venezuela's president expressed his gratitude to Turkey, Russia and China on Thursday for their support after opposition leader Juan Guaido declared himself " interim president". Marines who re...

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Family kicked off American Airline flight due to complaints about body odor

Family kicked off American Airline flight due to complaints about body odor

Yossi and Jennie Adler, as well as their 19-month-old daughter, were heading home from Miami International Airport when an airline agent escorted them off the plane . An American Airlines employe...

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Jeremy Corbyn pushes for People's Vote on Brexit through new amendment

Jeremy Corbyn pushes for People's Vote on Brexit through new amendment

Pro and anti Brexit protesters demonstrate outside the Houses of Parliament (Picture: PA) There was little indication of compromise, with the Prime Minister once again ruling out a second referendum ...

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France fines Google $57 million over data transparency

France fines Google $57 million over data transparency

Although Google responded to the decision by saying that they committed to meeting the " high standards of transparency and control " expected of them by users - as well as by the strict new Europea...

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Huawei founder denies in rare interview he spied for China

Huawei founder denies in rare interview he spied for China

Recently, Huawei has been attempting to expand overseas but has found some of its efforts thwarted by nervous governments. Following the lead of the U.S., several Western countries have recently int...

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Taiwan stages live-fire military exercises after China threats

Taiwan stages live-fire military exercises after China threats

The report is DIA's first-ever unclassified, comprehensive assessment of the Chinese military. "The biggest concern is that as a lot of these technologies mature...[the Chinese] will reach a poin...

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Huawei accused of stealing from U.S. partners

Huawei fought against the allegations from T-Mobile, saying that nothing was stolen from T-Mobile as videos of Tappy can be easily found on YouTube. The Handelsblatt daily reported earlier that th...

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Deal or no deal? UK Parliament nears historic vote on Brexit

Deal or no deal? UK Parliament nears historic vote on Brexit

Opposition Labour leader Jeremy Corbyn has said May must call an election if she loses on Tuesday and has threatened to hold a confidence vote in her government if she does not. As the BBC report...

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