• Millions of potentially faulty hybrid vehicles — Toyota recall
Millions of potentially faulty hybrid vehicles — Toyota recall

It covers certain 2010 to 2014 Prius hybrids and certain 2012 to 2014 Prius V hybrids. See the chart below. However, the carmaker said that in "rare situations", the fault could cause vehicles to stall when entering "failsafe" driving mode.

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  • ‘Panic reaction ahead of elections,’ says Congress after fuel price cut
‘Panic reaction ahead of elections,’ says Congress after fuel price cut

The Centre on Thursday slashed excise duty on fuel to the tune of Rs 1.50 per litre, thus reducing the overall price of petrol and diesel each by Rs 2.50 per litre. In Kolkata and Chennai, petrol prices climbed by 15 paise to Rs 85.80 and Rs 87.33 per litre, respectively. Global fuel prices, however, have been on the rise with the worldwide ben...

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  • Reactions to USMCA trade deal criticize Trudeau government's concessions
Reactions to USMCA trade deal criticize Trudeau government's concessions

That may be useful when Trump moves to cool his trade war with the Asian nation. It also won a provision setting tariff-free entry of cars and automotive parts above current levels, which will make it harder for any USA government to hold this country's automotive sector hostage in the future.

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  • Maharashtra government reduces fuel prices by Rs 2.50 per litre
Maharashtra government reduces fuel prices by Rs 2.50 per litre

Excise duty to be reduced by Rs.1.50 & OMCs will absorb 1 rupee . Today's petrol price in state capital Raipur was Rs 84.33 litre and diesel price was Rs 81.21 per litre. If it is serious, it should reduce the tax to what it was when it assumed office. Petrol prices on Thursday touched an all-time high of Rs 91.34 per litre in Mumbai .

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  • Amazon Raises Minimum Wage to $15 for All Employees
Amazon Raises Minimum Wage to $15 for All Employees

At the new pay rate, an Amazon employee who makes the new minimum wage would need to work more than three weeks (133 hours) to buy one share of the company's stock, which now sits above $2,000. Psssttt! While you're here we need your help . "In the USA, the average hourly wage for a full-time associate in our fulfillment centres, including cash, ...

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  • Tesla shares jump after Musk settles with SEC
Tesla shares jump after Musk settles with SEC

A fine of $20m and the loss of chairman seat later, Musk remains Tesla's CEO after agreeing on a deal with United States regulators. Tesla has already agreed to the settlement and the company will also be required to appoint two new independent directors to its board and hire a lawyer to monitor Musk's communications, including his tweets.

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  • Elon Musk resigns, pays $20m fine in settlement with SEC
Elon Musk resigns, pays $20m fine in settlement with SEC

Musk's settlement with the SEC requires him to relinquish his role as chairman for at least three years and pay a $20 million fine to settle the commission's securities fraud charges filed over allegations of misleading investors.

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  • Facebook hit with class-action lawsuit after massive security breach
Facebook hit with class-action lawsuit after massive security breach

For the owners of the affected accounts, and of another 40 million that Facebook considered at risk, the first order of business may be a simple one: sign back into the app. It remains unclear whether the attackers could have gained access to the most sensitive information stored on the network like direct messages. In a press release on Friday...

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  • GE CEO Flannery Removed as Losses Increase
GE CEO Flannery Removed as Losses Increase

The shares climbed 15 per cent to US$12.95 in NY premarket trading Monday. Culp is known as a specialist in turning companies around. The company, a bellwether for manufacturing, also announced a $23bn impairment charge against the value of its power division.

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  • DOJ Sues CA Over New Law Protecting Discarded Net Neutrality Rules
DOJ Sues CA Over New Law Protecting Discarded Net Neutrality Rules

California was also the largest state to impose their own net neutrality regulations. Advocates of net neutrality hope California's law , which Brown signed Sunday to stop internet providers from favoring certain content or websites, will push Congress to enact national rules or encourage other states to create their own.

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  • Ryanair cabin crew strike hits thousands of travellers in Europe
Ryanair cabin crew strike hits thousands of travellers in Europe

Cabin crews in Germany, Belgium , Portugal, the Netherlands, Spain and Italy, as well as pilots in Germany, began a 24-hour walkout as airspace opened on Friday. The German pilots' union said it could not rule out further strikes. Passengers on cancelled flights were contacted on Tuesday to advise them of their options.

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  • Nafta: US and Canada 'reach new trade deal'
Nafta: US and Canada 'reach new trade deal'

Senior Trump administration officials briefed reporters late Sunday night on the new deal, just one hour before the deadline set to send a U.S. -Mexico deal to Congress. Trump had said he wanted to go ahead with a revamped NAFTA - with or without Canada. A revised Nafta that includes Canada has a far greater chance of being ratified by Congress b...

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  • Boeing wins $9.2 billion contract for new Air Force training jet
Boeing wins $9.2 billion contract for new Air Force training jet

The end-of-the-year contract rush for the US Defense Department has been good to Boeing . For Boeing's Arlington, Virginia, based defense business, the award caps off a stunning winning streak. The Boeing T-X at its official unveiling in 2016. Overseas orders could boost sales of next-generation training jets well beyond $20 billion ove...

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  • Facebook discloses network breach affecting 50 million user accounts
Facebook discloses network breach affecting 50 million user accounts

Our investigation is still in its early stages. Facebook said the stolen access tokens were digital keys that allowed people to stay logged in to Facebook . Rosen said, as a result of the precautionary steps, roughly 90 million people will have to log back in to Facebook and any apps that use their Facebook login.

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  • Canada sticks to plan to stay at NAFTA talks despite Trump attack
Canada sticks to plan to stay at NAFTA talks despite Trump attack

The president's personalized attack uncorked debate Thursday about whether Freeland brought Trump's wrath upon herself during 13 months of delicate NAFTA talks - with her Washington speech in June and other recent appearances in which she criticized the administration's "America First" foreign policy .

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  • Elon Musk's fortune takes a $1.5bn hit after SEC lawsuit
Elon Musk's fortune takes a $1.5bn hit after SEC lawsuit

The complaint alleges that Musk's tweet harmed investors who bought Tesla stock after the tweet but before accurate information about the funding was made public. The lawsuit sent Tesla shares sinking after hours, and the pain continued today, with investors wondering what the company would be like without Musk .

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  • Elon Musk reportedly walked away from settlement with SEC
Elon Musk reportedly walked away from settlement with SEC

Musk will have to explain to a court why he announced on social media that he had investors who would take Tesla private at a share price of $420. "The SEC civil action may lead to Musk's exit from Tesla (either permanently or temporarily) and the Musk premium in the shares dissipating", wrote Johnson.

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  • Tesla to Combat Distribution Problems With Its Own Car Carriers
Tesla to Combat Distribution Problems With Its Own Car Carriers

Tesla, which has been struggling to keep Model 3 production even somewhat consistent, is facing yet another challenge: delivering the cars to new owners. Goldman Sachs analyst David Tamberrino, who has a sell rating on the stock, estimates third-quarter Model 3 deliveries of about 52 000. "A lot of people getting the Model 3 are buying an electri...

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  • Justin Trudeau says Canadians are tough negotiators
Justin Trudeau says Canadians are tough negotiators

Speaking at a news conference in New York, Trump also said he was planning to effectively terminate the North American Free Trade Agreement and impose steep tariffs on all automotive imports from Canada to the United States. "That doesn't make any sense at all, so hopefully we'll end up with something with Canada". "The Americans are finding that...

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  • The Fed raises interest rates by a quarter percentage point
The Fed raises interest rates by a quarter percentage point

In addition to its formal statement , the Fed released the economic projections of the members of its Federal Open Markets Committee. A CNBC survey found that 98% of respondents expected the Fed to hike rates this month, while 96% predict another quarter-point hike in December.

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  • 10th meeting of JMMC: Producing countries continue to seek
10th meeting of JMMC: Producing countries continue to seek "balanced" oil market

USA light crude CLc1 was $1.25 higher at $72.03. In contrast, OPEC said demand for oil in OECD countries would fall from the early 2020s, but would still be the number one source of energy through to 2040. Oman's oil minister Mohammed bin Hamad Al-Rumhy told reporters on Saturday that OPEC and non-OPEC producers overachieved on pledged outp...

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  • Donald Trump says he rejected Trudeau’s request for one-on-one meeting on NAFTA
Donald Trump says he rejected Trudeau’s request for one-on-one meeting on NAFTA

Mexico and the US sealed a new trade deal after the threat of sanctions forced both sides into an agreement. But Trump suggested he may go forward with a revamped NAFTA without Canada. The U.S. dollar rose against a basket of major currencies after the Fed raised interest rates as expected for the eighth time, flagged more rate hikes and signal...

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  • Barrick is buying Randgold to create the world's top gold miner
Barrick is buying Randgold to create the world's top gold miner

Barrick Gold and Randgold Resources are set to deliver a shake-up to the gold mining industry by merging to create the world's largest miner of the precious metal. John L. Thornton, executive chairman of Barrick , will become executive chairman of the new Barrick Group; Mark Bristow , CEO of Randgold, will become CEO of the new Barr...

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  • Trump says he rejected meeting with Canada's Trudeau
Trump says he rejected meeting with Canada's Trudeau

The next day, what appeared to be a brusque encounter between the two leaders - Trump appeared to ignore the prime minister at a United Nations luncheon until Trudeau tapped him on the shoulder, only to shake hands with a still-seated president - sent tongues wagging.

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  • Michael Kors to take control of Versace, say sources
Michael Kors to take control of Versace, say sources

Bloomberg reports the buyer as Michael Kors Holdings , which would take over private investor Blackstone's share and preserve the Versace family's involvement. Blackstone, whose stake acquisition valued Versace at $1.4 billion in 2014, declined to comment. Versace had planned to float the company on the stock market but put the plans on h...

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  • Iran: Trump should stop interfering in Middle East
Iran: Trump should stop interfering in Middle East

Brent rose on Tuesday to its highest since November 2014 at $82.55 per barrel. Earlier on Monday, Oil prices rose by nearly 2 percent as the US sanctions restricted Iranian crude exports, which helped tighten the total global supply. Right-wing Defence Minister Avigdor Lieberman praised Trump's address to the UN General Assembly late Tuesday, d...

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  • Michael Kors to buy Versace for $2.1B and change its name
Michael Kors to buy Versace for $2.1B and change its name

It's the second major company added to portfolio of parent company Michael Kors Holdings (now renamed Capri Holdings); the company bought upscale footwear brand Jimmy Choo past year. Michael Kors shares were trading 1.4 percent higher at 1655 GMT, after falling more than 8 percent on Monday when news of the deal emerged. Versace does not dis...

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  • What Caused the Ripple (XRP) Price Surge? Announcement of xRapid's Release
What Caused the Ripple (XRP) Price Surge? Announcement of xRapid's Release

At 19:35 UTC, Ripple was changing hands at $0.45, a decline of 13.25% from its price 24 hours ago. However, just as the market was settling down from this week's xRapid announcement , Ripple revealed its latest client in the form of American banking giant PNC, which again triggered XRP's upward price momentum.

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  • Major traders are talking about $100 oil again Oil&Gas 11:29
Major traders are talking about $100 oil again Oil&Gas 11:29

While the group didn't take action on Sunday, it seems set on making sure the market doesn't get too carried away, said Mark Quartermain, Royal Dutch Shell Plc's vice president for global crude oil trading and supply. Trump has repeatedly demanded an increase in production by countries other than Iran to lower oil prices , which have partiall...

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  • Instagram’s Co-Founders Are Stepping Down From Their Company
Instagram’s Co-Founders Are Stepping Down From Their Company

Users averaged 53 minutes a day on Instagram in June, just five minutes less than on Facebook, according to Android data from analytics company SimilarWeb. Instagram is adding 300 million active users each month , whereas Facebook is adding 228 million to its main service. But there was pressure for their two apps to become more integrated, and...

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