Economy

Amazon boosting workers' minimum wage to $15 an hour

The new floor, which will take effect November 1, applies to more than 250,000 employees who work in the company's network of warehouses, logistics depots and c...


US, Canada reach trilateral trade pact with Mexico to replace NAFTA

Commitment to not mess with currency levels: While the US, Mexico, and Canada do not actively intervene to strengthen or weaken their currencies, the pact to "...


Boeing Wins $9.2B Contract for New Air Force Training Jet

In addition to T-X fighter and bomber training aircraft, Boeing will supply the Air Force with simulators and associated ground equipment. The so-called T...


XRP Market Cap Fell By over $9 Billion on Tuesday

Though the bullish trend from the upper week had started to reverse, the prospect of the cryptocurrency getting listed on Coinbase impacted a further rally ...


Trump to OPEC: Pay for your own military protection

U.S. West Texas Intermediate (WTI) crude futures lost 43 cents to $71.85 a barrel. The US president is against high oil prices, since they result in higher ga...


Trump Confirms Rejecting Trudeau's Meeting Invite: 'I Told Him 'Forget About It''

Trudeau spokeswoman Chantal Gagnon said: "No meeting was requested". "I must be honest with you, we're not getting along at all with their negotiators", Trump...


Crude Oil Gaps Higher After OPEC Cools Off Production Hikes

With prices recently hovering around $80 a barrel for Brent crude , Trump has used Twitter and other means to lean on OPEC to increase oil supplies. Thes...


Germany tops United States as China’s leading auto exporter amid mounting trade disputes

Negotiations "cannot be carried out under the threat of tariffs ". Experts have warned the snowballing trade spat will harm both economies and even global gr...


Instagram co-founders resign in latest Facebook shake-up

Instagram, which Facebook bought in 2012 for $ 1 billion , has more than 1 billion active monthly users and has grown by adding features like messaging and shor...


Michelle Guthrie Considering Legal Action After Shock Axing From Top ABC Job

Multiple editorial complaints were lodged by the Prime Minister's Office and by Communications Minister Mitch Fifield during Ms Guthrie's tenure. Michelle ...


Huge US-China punitive tariffs take effect

The General Administration of Customs said it started collecting additional taxes of 5 to 10 percent on a list of thousands of American goods at noon Monday, ra...


India airliner turns back due to bleeding passengers

They are advised not to fly till then. Passengers on a Jet Airways flight travelling from Mumbai to Jaipur today morning had a traumatic experience due to...


EIA cuts U.S. output growth forecast

US light crude fell $1.15 to a low of $69.22 a barrel and was last at $69.50, down 87 cents. US crude supplies dropped by 8.6 million barrels in the week to...


China won't devalue yuan to boost exports, says Premier Li

President Donald Trump's decision to slap new tariffs on $ 200 billion of Chinese imports, but has reduced the volume of tariffs that it will collect on the p...


Jeff and MacKenzie Bezos create $2 billion fund to fight homelessness

Bezos tweeted a statement Thursday that the fund will issue annual leadership awards to organizations "doing compassionate, needle-moving work to provide sh...


Pot-smoking Canadians to be barred from US

Noncitizens seeking entry can be found inadmissible for committing or admitting to either a controlled substances offense a "crime of moral turpitude", regardle...


As midterm polls approach, Trump insists booming US economy is not Obama's

While the numbers cited by Trump are true, the truth in how long it has been since that last occurred sees Trump well short, with the GDP growth rate outstrippi...


Trump turns up the heat in trade conflict with China

While China's response to USA demands has been unsatisfactory, Trump is still speaking to Xi, and would be open to meeting in person, said Kudlow, director of t...


EU, Britain talk up chances of autumn Brexit deal

The EU proposes that Northern Ireland stay aligned with the remaining 27 bloc members after Brexit as part of a "backstop", or insurance policy to avoid the...


US, Mexico reach trade "understanding", Trump threatens to cut out Canada

The president dubbed the pact the "United States-Mexico Trade Agreement", saying he wants to do away with the NAFTA moniker because it carries negative connotat...