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China issues regulations for online ride-hailing services

Specifically, in addition to having at least three years of driving experience, the guidelines will require drivers to retire their cars after driving 600,000 km. "We welcome the new regulations , which send a clear message of support for ride-shari...

Amazon Web Services booms as revenues hit $2.9bn in second quarter

What was the actual result? Revenue for Amazon Web Services (AWS), climbed 58.2% to $2.89bn, beating analysts' exceptions of $2.83bn. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share gro...

PIC in talks with SABMiller over improved offer by AB Inbev

The pound has collapsed in value versus the dollar since the June 23 vote, falling over 10% to 1.31 U.S. dollars. SABMiller said it would consult with shareholders before formally considering the revised offer. AB InBev, which has hedged to cover...

Apple Q3 2016 Earnings: iPhone Sales Down, Again

The report has also published an image of the iPhone 7 depicting various new features it comes with. IPhone 7 release dates have been surfacing around the world and it is being predicted that this premium device could be launched in September of the ...

Twitter on course for user growth

Earnings, adjusted for stock option expense and nonrecurring costs, came to 13 cents per share. What's more, as Twitter continues to struggle, competitors Facebook Inc., Instagram and Snapchat have gained ground. For the full year, the team said ...

North Carolina governor on Trump: 'We need an outsider'

The crowd loudly applauded the reference to the law known as House Bill 2. "And if you have any questions, go to the Philadelphia convention where all the Democrats are!" he concluded, to thunderous cheers. She said she's from Peru and moved to the...

Jobless rate up for June

At the same time, the employment rate climbed to 62.3 percent in June from 59.6 percent in the prior month. (Unemployment up)... This according to the latest numbers . From June of previous year, however, city results are all over the map. Over th...

Parliament to vote on renewing Britain's nuclear arsenal

North Durham Labour MP Kevan Jones, a former defence minister, intervened in Mr Corbyn's speech, saying: "He, like me, stood in May 2015 on a party policy agreed at our conference. His Labour colleagues Jessica Morden, who represents Newport East, Bl...

RBNZ set to cut rates as it targets high currency, low inflation

The trade-weighted index was at 75.06, little changed from 74.97 yesterday and down from 76.01 a week ago. He said recent Reserve Bank statements had left the market with the mistaken impression the strong housing market could prevent interest ra...

Pokémon Go finally gets United Kingdom launch

The app has already topped the download chart for the Apple and Android devices, with experts suggesting the game could be the next marketing tool for retailers. And because the app is free, all you've got to do is follow the links and click inst...

Rates increasing for Californians enrolled in Covered California

Price increases for the average cost plan ranged from 5 percent in Washington state to 19 percent in Virginia, according to the Avalere study released last week. These improvements build on features already in place that ensure most outpatient se...

SoftBank agrees to buy Britain's ARM Holdings for £23.4bil: FT

A deal was expected to be announced later on Monday. ARM, which provides technology for the iPhone, is a major presence in mobile processing, with its processor and graphics technology used by Samsung, Huawei and Apple in their in-house designed mi...

Britain's new PM May fires Cameron's cabinet members

She promised a "bold new positive role" for Britain overseas and less "burning injustice" at home, drawing lessons from last month's bitter referendum and making a pitch for the centre-ground of politics where elections are traditionally won.

China crude imports lowest in five months

Chinese exports fell sharply in June amid weak demand and a raft of uncertainties facing the global economy. The U.S. move came with the Obama administration eager to demonstrate that it is taking a tough stance on enforcing global trade agreemen...

Attorney: Volkswagen believes some vehicles can be fixed

This week, Volkswagen announced it would buy back more than 450,000 cars equipped with its 2.0-liter turbodiesel 4-cylinder in the US after it likely determined it couldn't fix those cars while maintaining the original levels of performance.

Cruz to speak at GOP convention

While Cruz resisted criticizing Trump in the initial months of the GOP primary campaign, Cruz would eventually become one of Trump's fiercest rivals - and the last remaining legitimate challenge to Trump's campaign to win the Republican president...

Lyft Rolls Out Luxury Service In Limited Areas

In the fast-moving industry of ride-hailing services, bitter rivals Uber and Lyft seem to abide by a familiar business-world maxim: If you can't beat 'em, join 'em. Lyft will also be able to take advantage of far higher margins on the new rides. Ub...

Treasury bonds hit record lows - could mortgage rates follow?

The short term 15 year fixed rate mortgages have been listed at 2.875% and April of 3.044%. The average rate for a five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) was 2.68%, down from 2.70%. "Mortgage Servicer Right-holding entitie...

Saving on Amazon leading up to 'Prime Day' on July 12

Amazon is offering a smaller selection of sales beginning July 5 and running throughout the week leading up to Prime Day . Amazon Prime Day 2016 will offer massive discounts on thousands of products throughout 12 July, and Amazon has announced t...

The luxury sedan that is also blindingly quick

And just to prove this, the new Panamera Turbo with the engine mentioned above, took on the Nurburgring and ended up breaking the record for luxury sedans. Each will use Porsche's eight-speed dual-clutch PDK transmission. Like other automakers,...

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Breaking News

U.S. growth hits 3-year low at 0.7% in Trump's 1st quarter

The slow-down in real GDP in the first quarter reflected a decrease in personal consumption expenditures, private inventory investment and in state and local government spending. "...

Physician who was dragged off flight settles with United

United Airlines and lawyers for the passenger seen on video being dragged from a United airliner in Chicago say the man has reached "an amicable settlement " with the airline. Wh...

Twitter has plans for 24/7 live streaming

Earlier this month, Twitter lost a bidding war to Amazon for the streaming rights of Thursday Night NFL games. For instance, the National Football League package got about 3.5 mil...

Trump tweets don't help: 1st Twitter revenue drop since IPO

Twitter's revenue , however, fell 7.8 per cent to $548.3 million (€503.6m) in the first quarter, its first drop since its initial public offering. Net loss narrowed to $61.6m, or ...

Tesla Model S loses top ranking from Consumer Reports

TSLA has a 1-year high price of $ 313.73 and 1-year low price of $178.19. Bernstein Initiates Coverage On the company's stock to Market Perform on 3/08/17 by setting a price targe...

FCC chairman to propose reversing 'net neutrality' rules

FCC chairman Ajit Pai's much-anticipated speech outlining next steps on net neutrality regulation drew immediate response from inside and outside the Beltway. We recognize that our...

Uber wants to launch 'flying cars' by 2020

Speaking on stage at conference in Dallas, Uber product chief Jeff Holden, who called flying cars "a natural next step" for Uber , said talks with Nasa and the Federal Aviat...

Triple talaq crippling lives of Muslim women: India PM Modi

Chief Minister Naveen Patnaik explained that he would not be meeting the PM because he was visiting the state for "political work". "We should take lessons from the prime ministe...

Unilever's first quarter sales top expectations

Unilever, who also owns Hellmann's mayo, rejected a surprise $143B takeover proposal from Kraft Heinz a couple of months ago citing "cultural differences". Distiller Pernod Ric...

United misses deadline to answer senators on dragging

Also this week, United Airlines and Chicago airport officials missed a deadline for answering questions from by key US senators about the dragging incident aboard a United Express...

Special Reports

York Region police arrest more than 100 men in child prostitution case

York Region police arrest more than 100 men in child prostitution case

Detective Sergeant Thai Truong of the human trafficking team said no girls were injured in the operation of online sexual services for girls aged 13-16. "Lol im 16 mr...i still hav...

Canadian engineering giant to buy Atkins for £2.1bn

Canadian engineering giant to buy Atkins for £2.1bn

WS Atkins shares were up 4.8% on Friday at 2,078.00 pence. It will acquire WS Atkins stock for 20.80 pounds per share in cash, subject to approval by shareholders, regulatory ...

OPEC slashes output in March, expects shale comeback

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria oil production is yet to climb to two million barrels per day. U.S. West Texas Intermediate ( WTI ) crude fu...

Trump to Sign Measures to Review Financial Regulation

Trump to Sign Measures to Review Financial Regulation

Trump is turning his attention to financial reform again as a top House Republican this week unveiled the latest version of legislation to replace Dodd-Frank, which was enacted in ...

$13 a pack? NYC mayor wants highest cigarette prices in US

His bills would increase the base price for all tobacco products; lower the number of tobacco retailers via attrition; create retail licenses for e-cigs and cap the number of outle...