Business

Cryptocurrency Exchange Says It Can't Access Millions After CEO Unexpectedly Died

Cryptocurrency Exchange Says It Can't Access Millions After CEO Unexpectedly Died

The Canadian crypto exchange QuadrigaCX reportedly owes its customers about $US190 million after its founder died suddenly a year ago, taking his encrypted access to the money with him. The filing s...

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May 'determined' United Kingdom will leave European Union on time in March

May 'determined' United Kingdom will leave European Union on time in March

In the Sunday Telegraph , May said, "It's why when I return to Brussels I will be battling for Britain and Northern Ireland, I will be armed with a fresh mandate, new ideas and a renewed determinatio...

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Lyft, Juno sue NYC for implementing new minimum wage rule for drivers

Lyft, Juno sue NYC for implementing new minimum wage rule for drivers

In its filing, Juno argues it already pays drivers more than the other companies and charges less commission. New York City passed the nation's first minimum wage for ride-sharing drivers in Decembe...

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Healthcare gains jobs in January despite government shutdown

Healthcare gains jobs in January despite government shutdown

The numbers exclude farm work, which is seasonal and often volatile. Sales of existing homes plunged in December and fell 3.1 percent in 2018 from the previous year. The rate of industry hiring came d...

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Foxconn Damage Control: Promises to Stick by Factory Plans in Wisconsin

Foxconn Damage Control: Promises to Stick by Factory Plans in Wisconsin

The tax breaks promised in 2017 were significant and would have taken the state 20 years to recoup. Evers, Wisconsin's current governor who used Walker's support for Foxconn against him in the race, w...

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European Union rules out Brexit renegotiation despite UK Parliament vote

European Union rules out Brexit renegotiation despite UK Parliament vote

And the idea of a technological solution to avoid customs checks at the Irish border had also been carefully examined. "Clearly, there has to be investment in those communities, but the Brexit plan ...

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Federal Bureau of Investigation arrests another Apple engineer for stealing autonomous auto tech

Federal Bureau of Investigation arrests another Apple engineer for stealing autonomous auto tech

Chen worked in the driverless cars section of the company, which recently fired some 200 employees in a restructuring. In that case, Zhang had just returned from a trip to China, and had promptly ...

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Meet Tesla's newly minted millennial CFO

Meet Tesla's newly minted millennial CFO

In 2018, according to Tesla's Shareholder Letter , " Model 3 then went on to become the best-selling passenger auto in the USA in terms of revenue in both Q3 and Q4". Even though Tesla has significa...

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VW confirms 'dune buggy' revival and drops fresh teasers…

VW confirms 'dune buggy' revival and drops fresh teasers…

Also notice its large wheels and off-road tires. This in turn became the infamous VW beach buggy that we know today. While the buggy seems like the kind of low-volume model that will never reach produ...

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Amazon’s outlook disappoints after record holiday quarter; shares fall

The cost of stowing, packing and delivering goods increased 12 per cent in the holiday quarter to US$10 billion, in line with online sales growth of 12.5 per cent. AWS revenues were $7.43bn on the qua...

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Natural gas shortage ends, auto plants to resume production

Natural gas shortage ends, auto plants to resume production

Consumers Energy CEO Patti Poppe said Thursday afternoon that crews had repaired part of the fire-damaged station and ample gas supplies are now available. "Ensuring out of an abundance of caution t...

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Here's Why Facebook Just Hired One of Its Biggest Critics

Here's Why Facebook Just Hired One of Its Biggest Critics

Visual social network Instagram has been a bright spot for Facebook, with use and revenue rising. Zuckerberg also confirmed plans to integrate all the company's messaging services-Instagram, WhatsA...

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'Tremendous' headway in US-China trade talks, Trump says

'Tremendous' headway in US-China trade talks, Trump says

But he acknowledged that he and Xi would have to reach a final agreement on the far more contentious technology issues, and said that might require more than one meeting with Xi. Reuters previously re...

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Unemployment in India is at its highest in 45 years

Unemployment in India is at its highest in 45 years

The assessment by the National Sample Survey Office ( NSSO ), conducted July 2017-June 2018, showed an unemployment rate of 6.1 percent. Mr Rahul Gandhi, the leader of the main opposition Congre...

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U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska

U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska

Late on Sunday, the US Department of the Treasury said in a press release that it had lifted sanctions against Rusal, along with EN+ Group and EuroSibEnergo as the companies had met the necessary co...

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Tesla earnings miss expectations, shares slip

Tesla earnings miss expectations, shares slip

The carmaker's share price jumped 3.8 percent prior to the release of the earnings report but fell almost two percent in after-hours trading. While the company expressed optimism that it could post ...

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California Power Provider PG&E Files For Bankruptcy In Wake Of Fire Lawsuits

California Power Provider PG&E Files For Bankruptcy In Wake Of Fire Lawsuits

PG&E listed assets of $71.39 billion and liabilities of $51.69 billion, in a court document filed in the U.S. Bankruptcy Court for the Northern District of California . The utility company has been...

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World stocks surge on Fed pledge to pause, dollar slips

World stocks surge on Fed pledge to pause, dollar slips

It said U.S. economic activity was rising at a solid rate, as it maintained the target range for federal funds rate at 2.25-2.5 per cent. The S&P 500 rose 22 points, or 0.9 percent, to 2,662. Despit...

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Tyson Foods issues panko chicken nugget recall

Tyson Foods issues panko chicken nugget recall

In the meantime, federal officials are concerned that consumers may have unused portions of the recalled Tyson chicken nuggets in their homes, especially because the product's best-by date is not un...

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Dow slides almost 400 points as Caterpillar and Nvidia reinforce slowdown fears

Dow slides almost 400 points as Caterpillar and Nvidia reinforce slowdown fears

Stocks opened broadly lower after two major US companies dropped after saying that weakness in China's economy was weighing on their results. The company said adjusted profit in the fourth quarter r...

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Microsoft Revenues Jump 12 Percent to $32.5 Billion

Microsoft Revenues Jump 12 Percent to $32.5 Billion

But Xbox hardware revenues actually fell 19 percent, which Microsoft blamed on a high prior year because of the Xbox One X launch. Gaming revenue was up by eight percent, while search advertising and ...

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Ghosn tells Nikkei arrest due to plot, treason within Nissan

Ghosn tells Nikkei arrest due to plot, treason within Nissan

The spectacular fall of Mr Ghosn and the speed at which Nissan chief executive Hiroto Saikawa turned on his mentor raised speculation by French and Japanese media of an orchestrated coup to remove him...

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Bitter cold stops mail delivery in parts of IL, other states

Bitter cold stops mail delivery in parts of IL, other states

United States Postal Service workers will be out and about on Wednesday, delivering mail on the coldest day of the year. Unsafe wind chills of -20 to -30 are expected.

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Tough oil sanctions on Venezuela aims to cut off Maduro, Mnuchin says

Tough oil sanctions on Venezuela aims to cut off Maduro, Mnuchin says

Venezuelan President Nicolas Maduro said he is ready to hold talks with the country's opposition with the help of global mediators, RIA Novosti reported on Wednesday. "It would be very good to c...

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Trump phones Guaido to twist Maduro's arm

Trump phones Guaido to twist Maduro's arm

Bogota and Washington have routinely denied that, while foes say Maduro uses such accusations as a smokescreen when in trouble. Mr Maduro also accused the USA president of ordering a hit on him fr...

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HUAWEI CHARGED: Charges issued against Chinese mobile giant for ‘Iran sanction violations'

HUAWEI CHARGED: Charges issued against Chinese mobile giant for ‘Iran sanction violations'

USA prosecutors filed criminal charges against Huawei Technologies Co., China's largest smartphone maker, alleging it stole trade secrets from an American rival and committed bank fraud by violati...

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Death toll in mining dam collapse rises to 65

Death toll in mining dam collapse rises to 65

In an ominous sign, nobody was recovered alive Sunday, a stark difference from the first two days of the disaster, when helicopters were whisking people from the mud. Munich-based safety certifier TÜV...

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Trump to meet Chinese vice premier in trade talks: Treasury Secretary

Trump to meet Chinese vice premier in trade talks: Treasury Secretary

Further complicating matters, China triggered the legal process on Monday for the World Trade Organization to hear Beijing's challenge to US tariffs, and berated the United States for blocking the app...

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Fox urges MPs to support new Irish backstop plan

Fox urges MPs to support new Irish backstop plan

The Irish State Broadcaster is reporting tonight that European Commission President Jean Claude Junker told Theresa May at 11 o'clock today "there will be no re-opening of the Irish backstop or the ...

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Venezuelan opposition leader Juan Guaido says he spoke with Trump

Venezuelan opposition leader Juan Guaido says he spoke with Trump

Juan Guaido , the apparently pro-Bitcoin leader of the Venezuelan opposition to Nicolas Maduro's presidency, made secret trips overseas in order "to brief [foreign] officials" on his plan to hold mass...

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