• North Korea said to have stolen a fortune in online bank heists
North Korea said to have stolen a fortune in online bank heists

Pompeo will also travel to Japan, South Korea and China from October 6-8, U.S. State Department spokeswoman Heather Nauert told reporters. Pompeo, who's preparing for a trip to North Korea, says 2021 wasn't his goal. North Korea has placed a moratorium on nuclear and missile tests, dismantled parts of weapons testing site, and has pushed for an e...

Read more

  • Jaitley lowers petrol, diesel prices by Rs 2.5 per litre
Jaitley lowers petrol, diesel prices by Rs 2.5 per litre

In a tweet, Maharashtra Chief Minister Devendra Fadnavis thanked Prime Minister Narendra Modi and Jaitley for cutting petrol and diesel prices and said it will provide "huge relief" to the common man. Mr. Jaitley said he would write to all the States on Thursday itself urging them to match the ₹2.5 cut with an equivalent cut in their respecti...

Read more

  • Rupee Breaches 73/$ Mark For The First Time Ever
Rupee Breaches 73/$ Mark For The First Time Ever

According to forex dealers, besides strong demand for dollars from oil importers, concerns of fears of rising fiscal deficit and capital outflows mainly weighed on the value of rupee . The rupee hit the record low in Wednesday trading - sinking to 73.34 per dollar. Brent crude breached $86 per barrel level, near its four-year high, on Wednesday.

Read more

  • What will the new NAFTA - the USMCA - mean for Quebec?
What will the new NAFTA - the USMCA - mean for Quebec?

Ontario Premier Doug Ford said that while he was cautiously optimistic about the implications of the new deal for Ontario and that it could create new opportunities, he felt that Ontario's dairy farmers were "thrown under the bus" in the new deal.

Read more

  • Oil Prices Hit $85pb Highest Since 2014
Oil Prices Hit $85pb Highest Since 2014

While top traders predict oil may reach $100 a barrel, concerns remain over waning demand as the U.S. "The general impression out there now seems to be that there is either an outright inability or at least a certain unwillingness on the part of key OPEC/OPEC-plus members to compensate for the expected continuation of declining Iranian export flo...

Read more

  • Amazon Raises Minimum Wage To $15 In US, Urges Rivals To Follow
Amazon Raises Minimum Wage To $15 In US, Urges Rivals To Follow

U.S. Senator Bernie Sanders , a self-described Democratic socialist, has been vocal about the pay disparity at U.S. corporations and has proposed a bill aimed at making large corporations pay workers more. Its starting pay is $10 an hour at a warehouse in Austin, Texas, and $13.50 an hour in Robbinsville, New Jersey. Mr Bezos said he encouraged th...

Read more

  • Amazon raises minimum wage to $15 for all USA workers
Amazon raises minimum wage to $15 for all USA workers

Bezos is the world's richest man by a large margin-he is worth around $165 billion, according to the Bloomberg Billionaires Index-but previous year Amazon's median pay was just $28,446, which works out to around $14 an hour. Amazon said it wants to convince lawmakers to boost the federal minimum wage. While there's no indication on whether the re...

Read more

  • Petrol price crosses Rs 91-mark; cooking gas above Rs 500
Petrol price crosses Rs 91-mark; cooking gas above Rs 500

Petrol prices also rose from ₹84.15 to ₹84.40 in Bengaluru , ₹88.51 to ₹88.77 in Hyderabad, ₹80.36 to ₹80.59 in Chandigarh and ₹85.29 to ₹82.83 in Ahmedabad. It was priced at Rs 491.21 in May. On the other hand, the domestic cooking gas . The government, however, subsidizes 12 cylinders of 14.2-kg each per households in a year by providing the ...

Read more

  • Elon Musk Reportedly Says Tesla Is Close to Achieving Profitability
Elon Musk Reportedly Says Tesla Is Close to Achieving Profitability

The original lawsuit had sought to remove him both as chairman and as CEO . Investors are cheering Tesla's deal with the SEC that keeps Elon Musk as the CEO. The company's stock rose more than 16% to $307.85 in early trading in NY on Monday. "The resolution is meant to prevent further market disruption and harm to Tesla's shareholders", ...

Read more

  • NAFTA 2.0 is just a warmup to Trump’s bout with China
NAFTA 2.0 is just a warmup to Trump’s bout with China

And the deal will need to be reviewed and renewed before a 16-year period ends, a major concession to Trump's skepticism of free trade deals. He reiterated that the U.S.is now engaging in talks with the aim of preserving the current program and protecting industry needs.

Read more

  • Lawrence Culp, new GE CEO, faces tall task reviving aging conglomerate
Lawrence Culp, new GE CEO, faces tall task reviving aging conglomerate

GE's share price suffered under Flannery, falling more than 50 percent since he took over last August. General Electric shares had declined almost 56 percent since Flannery took over as CEO with a mandate to cut costs and refocus the company on its profitable segments.

Read more

  • General Electric has lost value equal to Facebook since peak
General Electric has lost value equal to Facebook since peak

The company said it would fall short of its previously indicated guidance for free cash flow and earnings per share for 2018 due to weakness within GE Power, despite 'GE's businesses other than Power generally performing consistently with previous guidance'.

Read more

  • Facebook faces class-action lawsuit over massive new hack
Facebook faces class-action lawsuit over massive new hack

Second, they have reset the access tokens of the nearly 50 million accounts we know were affected to protect their security. Hitesh Kargathra, lead security consultant at Falanx Group , said organisations are being judged less on whether they have suffered a data breach and more on how these breaches are handled.

Read more

  • California Governor Jerry Brown signs net neutrality into law; Trump administration sues
California Governor Jerry Brown signs net neutrality into law; Trump administration sues

Federal Communications Commission chairman Ajit Pai takes a swipe at California's net-neutrality protections. The US Justice Department on Sunday sued California to force it to abandon a law, passed earlier in the day, to protect "net neutrality" aimed at requiring all online data to be treated equally.

Read more

  • Tesla chief Elon Musk's SEC settlement: What experts are saying
Tesla chief Elon Musk's SEC settlement: What experts are saying

Mr Musk and Tesla Inc have also agreed to pay $20m each to financial regulators. FILE PHOTO: Tesla Motors CEO Elon Musk reveals the Tesla Energy Powerwall Home Battery during an event in Hawthorne, California, U.S., April 30, 2015.

Read more

  • Tesla shares spike after Elon Musk settles with SEC
Tesla shares spike after Elon Musk settles with SEC

Saturday's settlement saw the SEC pull back from its demand that Musk be barred from running Tesla , a sanction that many investors said would be disastrous for the loss-making electric carmaker. "The resolution is meant to prevent further market disruption and harm to Tesla's shareholders", Steven Peikin , co-director of the SEC's Enforc...

Read more

  • Canada-US reach deal to reform NAFTA
Canada-US reach deal to reform NAFTA

Cabinet meeting in Ottawa to brief officials on the deal, as Jared Kushner, one of Trump's closest advisers, and Robert E. Lighthizer, the president's top trade negotiator, hashed out the final details. "We're doing our best". "It's never done until it's done". USA business groups oppose turning NAFTA into a bilateral deal because the three natio...

Read more

  • VW chooses Microsoft as tech partner for digital services, mobility
VW chooses Microsoft as tech partner for digital services, mobility

Volkswagen plans to use Microsoft Azure to build a cloud service for its fleet of vehicles. VW announced Friday it has entered a strategic partnership with Microsoft for all future digital services and mobility efforts. To help usher in a new wave of automotive transformation, Microsoft will provide hands-on support to Volkswagen as it ramps up i...

Read more

  • Facebook says security flaw affected 50 million accounts
Facebook says security flaw affected 50 million accounts

The attackers stole Facebook " access tokens " which keep a person logged into their Facebook account over long periods of time so they don't have to keep signing in. With access to a users' authentication token, hackers would have had access to private messages, which would have been exposed to harvesting until Facebook forced a log-out.

Read more

  • U.S. and Canada poised to finish NAFTA deal this weekend
U.S. and Canada poised to finish NAFTA deal this weekend

The prime minister made the comment a day after Trump told reporters that he had rejected a request for a meeting with Trudeau to discuss the ongoing renegotiation of the North American Free Trade Agreement . The U.S. exported more goods to Canada previous year than to China, Japan and Germany combined. Canada, which sends 75 percent of its good...

Read more