Stories about Economy

Jun 18 2018

Audi CEO Rupert Stadler arrested in diesel emissions scandal

The same goes for Munich prosecutors and Stadler. Stadler has denied any involvement. Last month VW admitted an additional 60,000 Audi A6 and A7 models with diesel en...

Jun 15 2018

To build high-speed commuter system in Chicago

The Boring Company , founded by Tesla CEO Elon Musk , has been selected to build a high-speed underground transportation system that it says will whisk passengers from...

Jun 15 2018

Honolulu Workers Need $39 An Hour To Afford A 2-Bedroom Rental

As CityLab's analysis of the report notes, "NLIHC estimates that the average renter's hourly wage in the United States is $16.88". A worker in the USA making minim...

Jun 15 2018

China warns of retaliation if U.S. follows through on latest tariffs threat

President Donald Trump is set to impose fresh tariffs on $US50 billion worth of imports from China in a step that could further escalate the president's burgeoning tr...

Jun 11 2018

Trump says that Russian Federation should be reinstated as a G8 member

U.S. President Donald Trump's Twitter tirade against Prime Minister Justin Trudeau following the G7 is sparking promises of support from some of Trudeau's political...

Jun 11 2018

Chinese phone maker ZTE saved from brink after deal with US

ZTE has become a critical part of the broader discussions between China and the United States, the two largest economies in the world, over trade tensions and whether the...

Jun 11 2018

Porsche Taycan name confirmed for production version of Mission E

The maximum range is set at 500 km via NEFZ, and thanks to an 800 volt architecture, the battery can draw enough power from an HPC unit for a 100 km range in only four mi...

Jun 10 2018

Flying car startup backed by Google founder offers test flights

Besides the Flyer , Kitty Hawk has developed another project called Cora , a two-seater electric air taxi that is intended as an alternate mode of transportation in c...

Jun 10 2018

Talks of denuclearization seen in Kim-Trump meet

Kim's chief of staff was spotted in Beijing last week after wrapping up talks with USA officials in Singapore which had included security discussions. Beijing is consid...

Jun 07 2018

Roseanne Barr's ex claims she wanted sitcom to be cancelled

He specifically complained about an erroneous report previous year by ABC investigative reporter Brian Ross, saying: "He tanked the market with an ABC lie, yet no apolo...

Jun 05 2018

Starbucks chairman Howard Schultz stepping down

Schultz will also resign from Starbucks' board and will be named chairman emeritus, the company said . Howard Schultz is leaving his job at Starbucks - and says he m...

Jun 03 2018

Vermont will pay you $10K to move there - but there’s a catch

Vermont is cutting a sweet deal for remote workers who relocate to the state. Hence this new program , the New Remote Worker Grant Program , created to recruit young...

May 31 2018

United States to slap tariffs on European Union steel and aluminium

President Donald Trump had announced the tariffs in March, citing national security concerns. "Over the past months we have continuously engaged with the USA at all ...

May 29 2018

Federal Bureau of Investigation warns of cyber threat targeting small businesses, reboot your router

The FBI and Homeland Security are urging the owners of any small office or home office routers to reboot the devices to protect against a Russian malware attack. Becaus...

May 29 2018

Starbucks are closing for anti-bias training: What you need to know

Starbucks will close 8,000 of its locations across the US on May 29, and here's everything you need to know! Roughly 8,000 Starbucks stores are closing at about 2 p.m. ...

May 28 2018

Italian president under fire after vetoing populists’ choice for minister

His refusal to accept as economy minister Paolo Savona, who had threatened to pull Italy out of the euro , forced the 5-Star and the League to abandon efforts to form a ...

May 26 2018

Gas prices rise ahead of Memorial Day weekend

CT comes in at $3.13 a gallon with New Jersey just over $ 3 a gallon . It's a tradition for thousands of families across MI, hook up the camper, the boat and head north...

May 26 2018

[Breaking] Trump says Kim summit could still go ahead June 12

Trump tweeted Friday morning, a day after he withdrew from the June 12 summit. Also, for talks to commence, North Korea must detail a preliminary roadmap as to what it...

May 18 2018

PayPal snaps up Swedish rival iZettle for this much

The company is on track for $165 million in revenue this year, up 60 percent from a year ago, while losses appear to be narrowing. The acquisition "significantly expand...

May 17 2018

Senate Votes to Halt the Repeal of Net Neutrality Rules

Net neutrality restricts internet service providers from slowing down or speeding up access to certain websites. Edward Markey (D-Mass.), who sponsored the measure. Thr...