Business

Chancellor Philip Hammond warns: We must avoid Brexit 'cliff edge'

The EU has said that before it will start discussing a future trade deal with the United Kingdom, it wants to resolve the biggest uncertainties arising from...


Major US banks would withstand recession: US Fed

The Federal Reserve is releasing the first part of its annual stress tests for big banks today. "This year's results show that, even during a severe recession...


Trump calls Warmbier's death a 'total disgrace'

After suffering for 17 months in North Korea and more than a year in a coma, University of Virginia honor student Otto F. Warmbier died on Monday at the Cin...


Trump confirms he's under investigation, fires angry tweets

The new tweets are the latest in a week of angry social media responses from the president over a report by the Washington Post that Mr Mueller was looking ...


Grocers facing a united Amazon-Whole Foods must adapt

Notably, shares of dozens of supermarkets, food producers, shopping malls and payment processors collectively lost about $35 billion in the USA market on Frid...


Can Amazon persuade enough people to buy fresh food online?

The acquisition is seen as a move by Amazon to more aggressively target the grocery section of retail has proven more stubbornly resistant to digital channe...


UK central bank surprises with split decision on rate hike

The three officials pushing the bank to act-Kristin Forbes , Ian McCafferty and Michael Saunders-said this inflation overshoot, plus signs there is less slac...


Marsh Seeks OK to Sell Stores to Kroger, Fresh Encounter Cos

The Tipton Marsh is now the only supermarket in Tipton County. That's a lot quicker than what CVS had expected, however, when it paid $38 million in April to ...


US May Consumer Prices Fell 0.1%, Annual Increase Below 2.0%

United States consumer prices fell more than expected in May, according to the Department of Labor's monthly consumer price index ( CPI ). The second drop in ...


OPEC's simple problem. Despite Saudi cuts, it's shipping more oil: Russell

The oil producing group's May report mentioned that the global oil supply increased by 0.13 million barrels per day, mb/d, in May to average 95.74 mb/d. O...


Kane equaliser a "huge moment" for young England team - Southgate

England remain top of their qualifying pool, but Slovenia have trimmed their advantage to three points and Slovakia could cut it down to two if they win in Lith...


Senate Committee Hearing With Intelligence Chiefs

Mike Rogers was responding to a senator's question about whether President Donald Trump asked him to intervene in or downplay the ongoing FBI investigation ...


Trump And Pence Approval Ratings Hit New Low

While President Donald Trump was making his way through a multitude of global destinations, his approval rating back home remained low. Despite the bad pres...


Qatar State News Agency Hacked

The retracted story also had quotes attributed to Tamim that stated that Qatar has good relations with Israel and that there is no wisdom in making an enemy o...


Schaeuble Pressed for Greek Debt Relief by German Election Rival

But Germany's Wolfgang Schaeuble is sticking to his insistence that further-reaching debt relief is a matter for the future. A group of north European countri...


Union: Up to 40K walking off the job at AT&T this weekend

In California and Nevada, around 17,000 AT&T workers who provide phone, landline and cable services have been working without a contract for more than a year....


Ford plans job cuts to boost profits

While the company did not officially announce the job cuts, they did not deny the report either. The company's market value is now behind Tesla and General...


SolarCity founder Lyndon Rive is leaving Tesla in June

CEO Elon Musk, the largest individual shareholder of Tesla, proposing that it buys SolarCity , where he served as chairman and also the largest shareholder. Th...


1st large Chinese-made passenger jet takes its maiden flight

State media burst with pride and patriotism as the plane's debut flight from Pudong International Airport in Shanghai was broadcast live, reporting that around ...


Energy Chief Says Hole Filled at Nuclear Waste Site in Washington State

A spokesman for the Hanford Site says the road provides a secure and clear path for workers to fill the tunnel opening. "We're going to approach this slowly, sa...


'Yes' to the American Health Care Act

There's growing support for the idea of pegging the tax credits in the House repeal bill to income and making aid more generous for poorer people. It took Rep...


Stone vows to cooperate with Senate committee

A White House spokesperson even told CNN that "the President has not spoken to Roger Stone in many months and any reports suggesting otherwise are categorical...


SoftBank's profit zooms on Sprint turnaround

Back then Sprint was widely considered to be the third biggest wireless carrier in the USA, but its fortunes have since declined. SoftBank's merger attempt wi...


Iraq, Algeria support extension of oil production cuts

The results of these higher budgets will become evident in 2018, which is why the EIA is forecasting average daily production of nearly 10 million bpd in 2018...


Oil rebounds above $50 on latest United States stockpile figures

OPEC members and their partners in the oil production cut agreements from last November and December have reached a consensus to extend the deal until the end o...


Sage of Omaha Warren Buffett eyeing benefits of Trump tax cut

Yet Buffett and Munger stood by Wells Fargo and other Berkshire investments, including United Airlines and Coca-Cola. "It is a huge tax cut for guys like me",...


Dialogue with Trump was non-politicised: Russian FM

In Moscow, the Kremlin said on Wednesday it hoped that Comey's firing would not affect Russia's ties with the United States, saying it believed his dismissal ...


Bank of England keeps rates at record low as economy slows

It expects nearly no increase in real incomes this year and sluggish consumer spending, though that will be offset by investment and exports. Eurozone industr...


Jakarta governor sentenced to 2 years prison for blasphemy

After the verdict, the governor was taken to a Jakarta prison but it was unclear whether he would remain in jail or be released later to allow him to file his...


Portion of tunnel containing nuke waste collapses at Hanford

It was discovered during "routine surveillance", according to the Energy Department. The tunnel that is possibly affected is next to a plutonium uranium extra...