Finance

Elon Musk's plans for O'Hare express draw skepticism

Musk believes it is possible to to cut the cost of tunnelling to a tenth of what it is now (about a billion dollars a mile, he says), while dramatically rampi...


Canada Goose: Fiscal 4Q Earnings Snapshot

Canada Goose Holdings Inc. Canada Goose's unique vertical supply chain gives it a leg up, Cowen analyst Oliver Chen said earlier this year. The Toronto-b...


Rolls-Royce to axe 4,600 jobs in restructuring push

The company says Thursday it wants to save 400 million pounds ($537 million) over the next two years to sustain an increase in profits. Rolls-Royce has set ou...


International Monetary Fund warns United States fiscal policies could hurt global economy

It noted that the US government's tax and spending policies during a time when the economy is already experiencing strong growth and low unemployment "increases...


Blow to Deliveroo in latest 'gig economy' case

Mrs Justice Simler rejected a number of the union's arguments, but said it was "arguable" that the CAC should have considered the right of the Deliveroo riders ...


Market manipulation by Tether created the 2017 Bitcoin spike

While bitcoin's erratic daily price fluctuations have garnered countless headlines, they also triggered regulatory scrutiny and the disdain of many top busine...


Universal Credit may never deliver value for money

The National Audit Office, an independent body who check up on how government policies are doing, released a report today that sounded pretty sceptical about i...


Publicis Groupe's Zenith and Saatchi & Saatchi wins ride share company DiDi

The Beijing-based company has started signing up drivers since June 1 and has started a trial in the Australian city of Geelong last month. So, to celebrate i...


Royal Mail bans England flags from vans

Royal Mail said 25,000 backroom staff not in the public view would be allowed to display flags. Speaking on the rule, one London postman said: "It's bonkers ...


Corporate watchdog launches legal action against Westpac

Australia's banks are under intense scrutiny as a year-long public inquiry into finance sector misconduct, now in its fifth month, airs nearly daily allegations...


Boy killed, mother and brother critical after Denver shooting

Jeremy Webster, 23, was booked into the Adams County jail and faces charges of first-degree murder, first-degree assault and attempt to commit a felony. Officer...


Stephen Bannon Goes From Former Trump Advisor to Bitcoin Crypto Praiser

Bannon even brought up the idea of creating his own digital currency during a small spring event at Harvard, where he dubbed the cryptocurrency "deplorables c...


China's industrial output continues stable growth

Many analysts have been anticipating a widespread slowdown in H2 of this year as Beijing's attempts to rein in China's systemic debt problem finally take its ...


Canada agrees to continue NAFTA talks, no date set

Trump slammed Trudeau as "dishonest" and "weak" after the Group of Seven summit last week, incensed by a news conference at which the Canadian premier termed th...


McDonald’s to switch to paper straws in U.K., Ireland

The company said the changeover would be complete in 2019. This comes as many multinational food companies are facing pressure from environmental groups to re...


European Central Bank gets ready to pull the plug on stimulus

After lifting interest rates to 2pc, its policymakers geared markets up for two more increases in borrowing rates in the USA this year through its dotplot proje...


BHP approves $2.9 billion spend on iron ore project

The Yandi mine , which South Flank will be replacing, first started operations in 1992, and produced 80 million tonnes of iron ore per year, with 65,355 millio...


China pledges to 'immediately' retalliate to Donald Trump's latest tariffs

Beijing's tariffs on USA goods will start on July 6 - the same day as Trump's announced restrictions - and will apply to agricultural products as well as cars...


Jaguar Land Rover launches all-inclusive leasing subscription service

Insurance is included in the monthly cost and sees drivers covered by a fully comprehensive policy, provided by Allianz. Its first product is a 12-month unlim...


Simply Be & Jacamo owner N Brown contemplates closing all retail stores

The store estate made a £3m loss before interest, taxes, depreciation and amortisation. N Brown said its full year guidance would remain unchanged, though i...