Stories about Finance

Oct 15 2018

5 members of Royal family missing in Saudi Arabia: Royal prince

King Salman over the weekend ordered the Saudi public prosecutor to investigate the fate of Jamal Khashoggi, partly due to information received from Turkish authoriti...

Oct 15 2018

Gunwharf Quays chain Patisserie Valerie needs £20 million to avoid financial collapse

The firm said on Thursday: "Without an immediate injection of capital, the directors are of the view that that is no scope for the business to continue trading in its cur...

Oct 15 2018

Sears files for bankruptcy after years of turmoil

Both retailers were forced to shutter their operations this year soon after a Chapter 11 filing. The exact number of Sears stores that would remain open hasn't been f...

Oct 15 2018

Riyadh threatens retaliation for 'actions' against it over missing journalist

With the explosive claim by Turkish authorities that Khashoggi, a prominent critic of Saudi leadership, was murdered in the Saudi consulate in Turkey on October 2, severa...

Oct 15 2018

IEA cuts oil demand forecasts but sees prices staying high

The West Texas Intermediate (WTI) for November delivery fell 2.2 US dollars to settle at 70.97 dollars a barrel on the New York Mercantile Exchange, while Brent crude...

Oct 14 2018

Government plug-in vehicle grant cuts 'bonkers' amid EV adoption targets

Under the new system, only Category 1 vehicles, which emit fewer than 50g of Carbon dioxide per kilometre travelled and are capable of more than 70 miles on zero-emission...

Oct 14 2018

Plunged almost 6%, A-shares hit a four-year low

China's vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already...

Oct 14 2018

Woman Forced Off Plane After Bringing Squirrel as Her Emotional Support Animal

The airline later said in a statement that the woman had, in fairness, told them in advance that she was bringing an emotional support animal with her. But Schape...

Oct 14 2018

BMW raises stake in main China JV with $4.2 billion deal

As part of the contract renewal, BMW will grow its stake in the joint venture from 50 to 75 per cent. In Tiexi, a new plant on the existing plant ground will double the...

Oct 14 2018

Saudi Arabia rejects baseless allegations of Khashoggi murder

Saudi Arabia insists Khashoggi, a Washington Post contributor whose writings have been critical of powerful Crown Prince Mohammed bin Salman, left the building safely ...

Oct 14 2018

From Newark to Singapore in 19 Hours

The long-range Airbus A350-900ULR is configured to carry up to 161 passengers - 67 in business class and 94 in premium economy, with no regular economy seats available....

Oct 14 2018

Trump vows 'severe punishment' if Saudi Arabia killed Khashoggi

The moments of his "interrogation, torture and killing were audio recorded and sent to both his phone and to iCloud", CNN quoted the privately-owned Sabah daily as sa...

Oct 14 2018

No Winning Mega Millions ticket, jackpot now $654 million

The drawing is at 10:59 p.m. Saturday night and ticket sales cut off at 9:45 p.m. The current Powerball jackpot has ballooned to $314 million. The odds of winning the...

Oct 14 2018

Oil rebounds towards $81 but weaker demand view weighs

Brent crude fell $1.55, or 1.9%, to $81.54 US a barrel late Thursday morning, off the session low of $81.14, its weakest since September 26. Brent prices were up almos...

Oct 13 2018

OPEC cuts forecast for global oil demand growth in 2019

Brent crude fell 56 cents a barrel to $79.70 by 12:16 p.m. EDT (1616 GMT), after dropping 3.4 percent on Thursday. West Texas Intermediate (WTI) crude futures fell $1....

Oct 13 2018

Is The Fed Trying To Tank The Trump Economy Before The Midterms?

He has frequently criticised the U.S. central bank for gradually raising interest rates, and on Wednesday reiterated his position: "I really disagree with what the Fed is...

Oct 13 2018

Boston Dynamics’ Atlas robot learns parkour

Earlier this year, the SoftBank-owned outfit taunted us with a clip of its SpotMini robot opening a door with its claw-like arm (positioned where the head should be, fo...

Oct 13 2018

Singapore to NY

The move to ditch economy will further cement Singapore Airlines as a premium service provider, as they continue to move away from their budget-friendly past image. Th...

Oct 13 2018

Personal details of 30 million Facebook users leaked in latest security breach

The company found out about the attack on September 25 and it took them two days to close the vulnerability by resetting the access tokens for people who were potential...

Oct 13 2018

Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)

According to the Financial Times , "two people briefed on the discussions said Mr. Murdoch, who is now a non-executive director of Tesla, was the lead candidate for th...