Archive | Markets

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Corsa-e is Opel's production ready electric vehicle

It will have a 136hp electric motor, powered by a 50kWh battery. The Opel Corsa is an absolute bestseller. In Eco mode the Corsa-e becomes...

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Facebook will launch its own cryptocurrency in 2020, report says

Facebook has been in contact with USA and British financial regulators with a view to launching its own cryptocurrency next year, the BBC r...

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Audi will pull the plug on the TT soon

In a few years, we will replace the TT with a new emotive model in the same price range: "with an electric auto". Audi has been making the...

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Fed's Daly sees inflation moving back up to 2% target

President Trump's tariffs on imported Chinese goods could boost US inflation closer to the target rate of 2 percent, San Francisco Federal Rese...

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Musk says Tesla on pace of record quarter in leaked email

Earlier today, Tesla stock posted a low for the day of $193.57, its new lowest level since December 2016. Indeed, Tesla short sellers are o...

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This tall Honda Civic Type R is built to go rallying

The Droitwich-based motorsport team utilized off-the-shelf parts and bespoke modifications to bring the 2.0-liter VTEC Turbo to 400 horsepower ...

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Amazon shareholders reject proposal to ban facial recognition sales to governments

Securities and Exchange Commission. Amazon has also pitched it to Immigration and Customs Enforcement. And while the resolutions were struck...

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Microsoft Wants US Privacy Law to Put Burden On Tech Companies

The Cambridge Analytica scandal, which erupted just before GDPR came into force, resulted in a paltry 500,000 pound ($632,000) fine in Britain -...

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DJI drones to come with plane detection

Key to the new feature will be AirSense, a technology that picks up on the ADS-B signals from planes and helicopters in the nearby vicinity. How...

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Queen Left Baffled When Shown Self-Service Machines

The monarch, who is thought to have last visited a supermarket with Prince Charles on a royal visit in 2016, appeared in excellent spirits as ...

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Oil continues slide on USA crude stockpiles surge

Brent, the worldwide benchmark, dipped 4.5% to close at $67.76 on London's ICE Europe Futures. The American Petroleum Institute (API) said ...

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British Steel placed in administration, 25000 jobs at stake

Up to 4,000 jobs in Scunthorpe (left), North Lincolnshire, 800 in Teesside and 20,000 in the United Kingdom supply chain are at risk (top-right,...

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More Than 62000 Pounds of Beef Recalled Because of E. Coli Concerns

In addition to Aurora Packing Company, last month, Illinois-based Grant Park Packing recalled 53,200 pounds of raw ground beef products and Ge...

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Tesla reduces prices on Models S and X amid stock slump

SAN FRANCISCO-Tesla's stock and bonds tumbled on May 20 as investors anxious about the automaker's cash burn and problems with an Autopilot syst...

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Trump held off on blacklisting Huawei until talks failed

The US blames China for backing out on parts of the deal which were already agreed, while China blames the US for escalating the trade war by ...

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Japan's Panasonic Suspends Transactions With China's Huawei

We're upgrading more than 100 sites to 5G every month from today to connect more places to what 5G can enable. "We've stopped all business tra...

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RBA just hinted at likely rate cut in June

Speaking at an economists lunch in Brisbane yesterday, Dr. Lowe said a rate cut would be on the agenda at the June 4 meeting of the bank board...

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Federal judge rules Qualcomm violated antitrust rules

Qualcomm Inc illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive li...

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Air China seeks Boeing compensation for 737 Max delays

He declined to give his name or details of the claim. Spokespersons for China Southern and Air China could not immediately be reached for comm...

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Google Blocks Android From Huawei. Here's What That Means For Your Phone

But it seems like the same USA restrictions that would prevent Google from doing business with Huawei would also block US -based app makers ...

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USPS to Trial Autonomous Trucks for Mail Transport

The trucks involved in the test runs will have a safety engineer and driver on board to monitor vehicle performance and to ensure public safety....

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Vodafone drops Huawei handset from 5G launch pre-orders

Nevertheless EE says they deploying 5G " rapidly from today " and intend to add more than 100 new sites per month (each is expected to be linked...

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ARM employees have been instructed to suspend business with Huawei

While this doesn't explicitly confirm the existence of the Arm staff memo reported by the BBC , it now seems likely that Arm's business dea...

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Boeing 737 Max: China's top airlines seek compensation

Ryanair joined the ranks of other European airlines bracing for a tough year as overcapacity, weaker economies and higher oil prices squeeze pro...

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Japan's economy expanded for 2nd straight quarter:The Asahi Shimbun

Data released on Monday reveals that the Japanese economy registered a 2.1% growth annually in Q1 2019, beating expectations which were for a 0....

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Trump backpedals giving Huawei 90-day relief after United States tech stocks drop

Consumers that already own Huawei devices can keep accessing Google's services and app store, but any Huawei phones sold after Trump's ban w...

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Trump backpedals giving Huawei 90-day relief after U.S. tech stocks drop

Adding to its U.S. troubles on Thursday, the U.S. Commerce Department placed Huawei and 68 entities to an export blacklist, making it almost i...

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US Delays Huawei Ban for 90 Days

Other US tech suppliers - like Intel and Qualcomm, which provide crucial software and parts to Huawei phones and tablets - have also reported...

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Dressbarn to close all its 650 locations

Ascena's shares, which have more than halved this year, were up about 3 percent in extended trading. The New Hartford Consumer Square Dressbar...

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Celebrity chef Jamie Oliver's restaurant chain set to collapse

KPMG have been appointed as administrators of the UK-based restaurant business, but the global restaurant franchise business and his Fifteen Cor...

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