Finance

Ramaphosa: China is not trying to re-colonise Africa

Ramaphosa: China is not trying to re-colonise Africa

Chinese President Xi Jinping pledged debt relief to some poorer African nations, attempting to push back against a major criticism of his flagship Belt and Road initiative. He echoed Ramaphosa's cal...

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Coca-Cola digs into coffee with $5.1bn Costa purchase

Coca-Cola digs into coffee with $5.1bn Costa purchase

While different in nature, the Coke-Costa deal closely follows the $7.1bn (£5.5bn) tie-up, completed this week, that sees Nestlé acquire the perpetual global licence to produce Starbucks branded produ...

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GDP growth accelerates to over 2-year high of 8.2% in Q1

A Reuters poll, HDFC Bank's research and a CARE Ratings report are expected 7.6 percent GDP growth for the first quarter of current fiscal. It had slowed down to 5.6 per cent in the April-June qua...

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99.3% of demonetised currency returned to banks: RBI

99.3% of demonetised currency returned to banks: RBI

The Congress on Wednesday demanded an apology from Prime Minister Narendra Modi, alleging he lied to the country over the demonetisation issue, after the RBI said nearly all the 500 and 1,000 cur...

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Elon Musk appears to reaffirm 'pedo guy' smear against British cave diver

Elon Musk appears to reaffirm 'pedo guy' smear against British cave diver

The multi-billionaire hasn't been shy about his awareness of the blockchain sector, either - in Janurary, Musk joked that the Boring Company flamethrowers would have "the safe word "cryptocurrency" [...

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Allen Weisselberg: Trump Organization CFO granted immunity in Cohen case

Allen Weisselberg: Trump Organization CFO granted immunity in Cohen case

Mr Weisselberg was one of those called to give evidence before a federal grand jury for the Cohen investigation earlier this year, the Wall Street Journal reports . " Mr. Cohen acknowledged the ille...

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Prosecutors grant Trump Organization CFO Allen Weisselberg immunity in Cohen probe

Prosecutors grant Trump Organization CFO Allen Weisselberg immunity in Cohen probe

But early one April morning, more than three dozen federal agents raided Cohen's home, office and hotel room. He was there in the lobby of Trump Tower in June 2015 when his boss descended an esc...

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Powell could tackle key issues in high-profile speech Friday

Powell could tackle key issues in high-profile speech Friday

Federal Reserve chair Jerome Powell sees plenty of reasons the USA economy's strong run will continue. Investors will especially want to hear whether Powell addresses the central question of whet...

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Trump Organization CFO Allen Weisselberg reportedly granted immunity

Trump Organization CFO Allen Weisselberg reportedly granted immunity

Mr. Cohen, who arranged hush-money payments before the November, 2016, USA presidential election to at least two women who had said they had sex with Mr. The Enquirer allegedly used a tactic known a...

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Fed officials suggest rates likely to rise soon, worry about trade war

Fed officials suggest rates likely to rise soon, worry about trade war

USA central bankers are ready to raise interest rates again so long as the economy stays healthy, according to a record of the Federal Reserve's most recent policy meeting. "I am not happy about it". ...

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Can Trump bend the Fed to his will?

Trump told Reuters that he was "not thrilled" with Jerome Powell's rate hikes and said the USA central bank should do more to help him to boost the economy. "What Trump is anxious about is that th...

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Gatwick Airport posts flight info on white boards after digital screens fail

Gatwick Airport posts flight info on white boards after digital screens fail

According to Gatwick airport's Twitter account, the issue has been caused by a fault with Vodafone's IT systems - rendering the big screens inoperable. Staff resorted to writing out crucial inform...

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PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

Purchasing the Israeli company, known for DIY seltzer makers like the SodaStream Mix , will push Pepsi's image in a health-focused direction, according to CNN . PepsiCo, which owns brands including ...

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SEC's Clayton says agency studying frequency of corporate reporting, after Trump tweet

SEC's Clayton says agency studying frequency of corporate reporting, after Trump tweet

President Donald Trump on Friday said he had instructed the US Securities and Exchanges Commission to investigate the abolition of quarterly financial reporting for US companies. The requirement date...

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Death Toll Rises to 43 in Italian Bridge Collapse

Death Toll Rises to 43 in Italian Bridge Collapse

The government , a coalition between the anti-establishment 5-Star Movement and the League, has started a procedure aimed at revoking concessions held by Autostrade to operate toll highways after the...

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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

Erdogan said that Turkey would never bow before those "who set up their own order by exploiting the world". The US doubled tariffs on Turkish steel and aluminum imports and Turkey hit back with $533...

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China unperturbed by trade war at the street level - Reuters Poll

China unperturbed by trade war at the street level - Reuters Poll

China responded two days later by proposing tariffs ranging from 5 percent to 25 percent on 5,207 USA goods worth 60 billion dollars. Similarly, many analysts and experts have been waiting for Ch...

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Trump renews criticism of Turkey over US pastor

Trump renews criticism of Turkey over US pastor

The 50-year-old pastor and the US government vehemently deny those charges. Mr Brunson has denied charges of espionage, but faces up to 35 years in jail if found guilty. Andrew Brunson has been held...

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Turkey doubles tariffs on some USA imports over economy 'attacks'

Turkey doubles tariffs on some USA imports over economy 'attacks'

A White House official said the United States was warning more economic pressures may be in store for Turkey if it refuses to release Brunson . "The tariffs are specific to national security". ...

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Turkish president says the country will boycott United States electronics

Turkish president says the country will boycott United States electronics

He was also charged with supporting the outlawed Kurdistan Workers' Party (PKK), which was designated as a terrorist organization by Turkey and the U.S. Turkey's trade minister says increased tariffs ...

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Detained US pastor in Turkey appeals for release 46min

Detained US pastor in Turkey appeals for release 46min

Trump met Turkish President Tayyip Erdoğan at a July NATO summit, and reportedly cut a deal on prisoner releases. Erdoğan has blamed the crisis on "economic terrorists" in the USA, a North Atlanti...

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Musk and Tesla targeted by two fraud procedures

Musk and Tesla targeted by two fraud procedures

August 1, 2018 - Tesla reports its biggest-ever loss but shares rise on Musk's claims of positive cash flow and profit in the second half of 2018, and signs of more consistent Model 3 production. ...

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Utah firefighter dies battling Mendocino Complex wildfire in California

Utah firefighter dies battling Mendocino Complex wildfire in California

The Carr fire stood at 65 percent containment after blackening 207,000 acres. Among 14 active wildfires across California, the Holy Fire started on August 6 in Holy Jim Canyon of the Cleveland Nati...

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Goldman, Silver Lake Advice Tesla On Going Private Plan

Goldman, Silver Lake Advice Tesla On Going Private Plan

The agency declined to comment. Elon Musk said via Twitter on Monday evening that he was working on a proposal with Goldman Sachs and Silver Lake as financial advisers to take Tesla private. A...

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Possible hijacking reported at SeaTac airport in Washington state

Possible hijacking reported at SeaTac airport in Washington state

We know who he is. Horizon Air is part of Alaska Air Group and flies shorter routes throughout the U.S. West. "Just a broken guy, got a few screws loose, I guess". Terry Sonday, an instructor at Texa...

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