Will Michael Kors make Versace cheaper?

The deal comes as budding luxury conglomerates, including Michael Kors' U.S. rival Tapestry , owner of Coach and Kate Spade, are trying to make inroads into an industry still dominated by major European players, including Louis Vuitton owner LVMH.... More..

by | Published more than a month ago
US OIL re-testing 50 MA. Trump's tweet in play?
by | Sunday, September 23, 2018

US OIL re-testing 50 MA. Trump's tweet in play?

Oil prices have increased from about $50 a barrel last September to more than $70 a barrel today, with a rebalancing of supply and demand in the market as well as major weather and geopolitical events playing...More..

Oil prices steady as concerns about producer output outweigh USA stockpile gain
by | Saturday, September 22, 2018

Oil prices steady as concerns about producer output outweigh USA stockpile gain

But the current calm could be short-lived in light of the intensification of USA hostilities toward Iran , according to IEA . Traders work in the crude oil and natural gas options pit on the floor of the Ne...More..

My Brexit plan or crash out of European Union, says Theresa May
by | Tuesday, September 18, 2018

My Brexit plan or crash out of European Union, says Theresa May

Speaking to BBC's Andrew Marr earlier today, he said: "Let me tell you the facts, which are that the police now are preparing for the possibility of civil unrest. That would mean only a small number of May's ...More..

Worries about fate of NAFTA hit Detroit's Canadian neighbors
by | Friday, September 14, 2018

Worries about fate of NAFTA hit Detroit's Canadian neighbors

A study commissioned by the Canadian Embassy says 9 million jobs "spread across every congressional district" are supported by the Canada-U.S. economic partnership. The back and fourth of the North American Fr...More..

British Airways investigating theft of customer data
by | Monday, September 10, 2018

British Airways investigating theft of customer data

In a statement on Thursday, British Airways said the breach was resolved and its website was working normally. Finally, Cruz stated, "At the moment, our number one goal is contacting those customers that ...More..

Mercedes-Benz Unveils The EQC - 408 hp, Over 450 km Range
by | Saturday, September 08, 2018

Mercedes-Benz Unveils The EQC - 408 hp, Over 450 km Range

The front electric motor is optimised for best possible efficiency, while the rear one determines dynamism, according to the company. With a full charge the EQC offers an average (NEDC) range of 450km. "So, p...More..

by | Thursday, September 06, 2018

McDonald's customers create fake poster to hang in restaurant promoting racial diversity

On July 13, Maravilla, Toledo and friends snuck the over-sized poster into the Pearland McDonald's and proceeded to hang it on the wall without being detected. Maravilla believes there are not a lot of Asians...More..

Progressive Defeats Longtime Dem House Incumbent In Boston
by | Wednesday, September 05, 2018

Progressive Defeats Longtime Dem House Incumbent In Boston

Pressley, a Democrat, beat the incumbent representative Michael Capuano . There is no Republican on the November ballot in the district, meaning Pressley is virtually assured of entering Congress in January....More..

Amazon becomes world's second $1tn company
by | Wednesday, September 05, 2018

Amazon becomes world's second $1tn company

Bezos' stake in Amazon and his other assets are estimated to be worth $166 billion, according to the Bloomberg Billionaires Index . Apple crossed the trillion-dollar value threshold a month ago and has r...More..

Record diesel prices likely to push up school bus fees in Mumbai
by | Tuesday, September 04, 2018

Record diesel prices likely to push up school bus fees in Mumbai

In Delhi, the petrol price touched Rs 79.15 per litre which is an increase by Rs 0.31/litre. Retail prices of petrol and diesel breached record levels on Tuesday with Oil Marketing Companies (OMCs) raising ...More..

Canada and the USA unable to reach NAFTA agreement
by | Saturday, September 01, 2018

Canada and the USA unable to reach NAFTA agreement

Canada's Chrystia Freeland said in a briefing Friday afternoon that a "win-win-win agreement is within reach". So it was on Friday morning when Freeland was asked-after the Toronto Star broke a story a...More..

British diver prepares to sue Elon Musk over ‘pedo’ comment
by | Thursday, August 30, 2018

British diver prepares to sue Elon Musk over ‘pedo’ comment

On Tuesday, a Twitter user called out Musk for calling Unsworth a "pedo", to which the Tesla and SpaceX CEO retorted, "You don't think it's odd he hasn't sued me?" Nearly as if Elon was implying "don't you th...More..

Russian ruble at lowest since 2016 on United States sanctions fears
by | Friday, August 24, 2018

Russian ruble at lowest since 2016 on United States sanctions fears

TASS also reports that sanctions apply to six Russian vessels for violating USA sanctions regarding North Korea. Earlier on Tuesday, the Treasury announced to sanction several Russia-related individuals and...More..

PepsiCo buys SodaStream to reach consumers 'beyond the bottle'
by | Tuesday, August 21, 2018

PepsiCo buys SodaStream to reach consumers 'beyond the bottle'

Monday's sale looks to inject another big tax payout to Israel following previous sales of Israeli companies such as the mobile navigation app Waze, which was acquired by Google for about $1 billion, and Mobile...More..

Google staff protest over China search engine plans
by | Sunday, August 19, 2018

Google staff protest over China search engine plans

However, reports last month claimed it had been secretively working on a new Chinese search service, referred to internally as Dragonfly . Before knowledge of the Dragonfly project was public, only a few h...More..

USA threatens further retaliation against Turkey over pastor
by | Saturday, August 18, 2018

USA threatens further retaliation against Turkey over pastor

Turkey retaliated with some $533 million of tariffs on some USA imports - including cars, tobacco and alcoholic drinks - and said it would boycott US electronic goods. Unlike many other news organizations, we...More..

Turkish court rejects U.S. pastor's appeal for release: Haberturk
by | Saturday, August 18, 2018

Turkish court rejects U.S. pastor's appeal for release: Haberturk

Turkey's banking watchdog has taken steps to stabilise the currency, limiting futures transactions for offshore investors and lowering limits on swap transactions. A court in Turkey has rejected an appeal to ...More..

China seeks WTO dispute settlement over United States safeguard measures, subsidies
by | Friday, August 17, 2018

China seeks WTO dispute settlement over United States safeguard measures, subsidies

The 30 percent tariffs announced in January improperly help USA producers in violation of WTO rules, the Commerce Ministry said. In the latest development, Turkey announced Wednesday that it will increase...More..

Turkey has more to ‘lose’ in Apple boycott
by | Friday, August 17, 2018

Turkey has more to ‘lose’ in Apple boycott

The lira has rebounded sharply since hitting a record low of 7.24 against the dollar at the start of the week, recovering after the central bank took liquidity measures and curbed selling of the currency. A d...More..

Turkey fires back with tariffs on US cars, alcohol, cosmetics
by | Friday, August 17, 2018

Turkey fires back with tariffs on US cars, alcohol, cosmetics

Lavrov says that Washington's policies will undermine the dollar's position as the worldwide reserve currency of choice. "I don't believe it's all over", said Minh Trang, senior currency trader at Silicon V...More..

U.S., China to Resume Trade Talks as Tariffs Bite
by | Friday, August 17, 2018

U.S., China to Resume Trade Talks as Tariffs Bite

US futures gained on the news. News of the meeting gave a lift to the yuan and helped cap losses in China's stock markets. "The lower rank of the delegation suggests that both sides remain far apart, and an...More..

Crude oil slightly lower as risk sentiment wanes
by | Wednesday, August 15, 2018

Crude oil slightly lower as risk sentiment wanes

On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 1.2% at $66.23 a barrel. The US benchmark crude has declined more than 4percent this month as worldwide trade disputes th...More..

Before and after photos of Genoa bridge collapse
by | Wednesday, August 15, 2018

Before and after photos of Genoa bridge collapse

The city of Genoa's civil protection office confirmed the updated death toll. Photos from the Italian news agency ANSA showed a massive gap between two sections of the bridge. "We can't live with infrastruc...More..

Erdogan says Turkey to 'boycott' U.S. electronic goods
by | Wednesday, August 15, 2018

Erdogan says Turkey to 'boycott' U.S. electronic goods

U.S. sanctions against two Turkish ministers have sent the lira spiralling against the dollar, threatening a debt payment crisis for Turkish banks which have taken out billions in foreign currency loans...More..

Tragedy on the Mendocino Complex; Authorities Announce Firefighter fatality
by | Tuesday, August 14, 2018

Tragedy on the Mendocino Complex; Authorities Announce Firefighter fatality

Firefighters from all over the country have been helping California battle a series of deadly and devastating wildfires in recent weeks that have spread through drought-parched forests and rural communities. Tw...More..

Tesla short-sellers back in force as shares remain shaky
by | Tuesday, August 14, 2018

Tesla short-sellers back in force as shares remain shaky

Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they fraudulently engineered a scheme to "completely decimate" short-sellers, including through Musk's proposal to take t...More..

Erdogan under pressure as Turkish lira plunges to record low
by | Tuesday, August 14, 2018

Erdogan under pressure as Turkish lira plunges to record low

Erdoğan's ideological resistance to raising interest rates in a time of high inflation , and general mismanagement of the economy, have exacerbated the crisis, leading to fears that the lira could collapse an...More..

Saudi Arabia eyes enlarged stake in Musk’s private Tesla
by | Monday, August 13, 2018

Saudi Arabia eyes enlarged stake in Musk’s private Tesla

A few days after Elon Musk shocked Wall Street and investors by tweeting that he would take Tesla private at $420 a share, speculation is still high on who could invest in what could be the biggest-ev...More..

Stolen plane crashes near Seattle after chase by military jets
by | Saturday, August 11, 2018

Stolen plane crashes near Seattle after chase by military jets

Horizon Air chief operating officer Constance von Muehlen said the company believed the mechanic involved was a Horizon employee. An airline employee "conducted an unauthorised takeoff" of an airplane car...More..

Trump administration announces $22b in fresh tariffs on China
by | Friday, August 10, 2018

Trump administration announces $22b in fresh tariffs on China

Vacationing at his Bedminster, New Jersey golf club, the president on Tuesday promised a dinner gathering of chief executives that the United States and China would soon have a "fantastic trading relationship"....More..

Tesla boss Musk considering taking firm private
by | Wednesday, August 08, 2018

Tesla boss Musk considering taking firm private

Tesla reported an adjusted loss per share of $3.06 for the second quarter, which was larger than what analysts had predicted, and revenue of $4 billion, which beat analyst projections. According to Gene Mu...More..

China to hit back at USA with 60 billion dollars tariffs
by | Monday, August 06, 2018

China to hit back at USA with 60 billion dollars tariffs

National Economic Council Director Larry Kudlow said in a Bloomberg Television interview Friday. "Because the US side has repeatedly escalated the tension, disregarding the interests of enterprises and consum...More..

July Jobs Report: 157,000 Is Still a Solid Number
by | Sunday, August 05, 2018

July Jobs Report: 157,000 Is Still a Solid Number

That said, the revisions for the two previous months - May and June - looked very good, with a combined gain of 59,000 jobs as compared to previous BLS reports. Another month of sluggish wage gains could he...More..

Scattered protests in Iran as US sanctions loom
by | Sunday, August 05, 2018

Scattered protests in Iran as US sanctions loom

The nuclear deal lifted global sanctions in return for Iran limiting its nuclear program and allowing regular inspections. President Donald Trump of the United States of America had also informed that he ...More..

Sterling stronger after the Bank of England raises rates
by | Friday, August 03, 2018

Sterling stronger after the Bank of England raises rates

An RBI repo rate hike usually sees commercial banks hike their respective interest rates on home, auto and other loans. "Since the RBI is committed to bringing down inflation, they don't have a choice but...More..

Tesla Earnings: Shares Rise 11% as Musk Apologizes for ‘Bad Manners’
by | Thursday, August 02, 2018

Tesla Earnings: Shares Rise 11% as Musk Apologizes for ‘Bad Manners’

The call triggered a stock sell-off and raised questions about Mr Musk's behaviour. He explained he had been exhausted from working more than 110 hours per week last quarter. "We believe we can be sustainab...More..

Trump imposes sanctions over Turkey's detaining of minister
by | Thursday, August 02, 2018

Trump imposes sanctions over Turkey's detaining of minister

In a tweet translated by the state-run Anadolu news agency , Cavusoglu also vowed that the "US attempt to impose sanctions on our two ministers will not go unanswered". Relations between the United States ...More..

State revokes approval for Charter-TWC merger
by | Monday, July 30, 2018

State revokes approval for Charter-TWC merger

Yesterday, July 27, the Commission on the public services of the state of NY (Public Service Commission - PSC) announced that the company Charter Communications, which owns Spectrum , henceforth it is forbidde...More..

After Facebook Stock Plunge, Calls for Zuckerberg's Job
by | Saturday, July 28, 2018

After Facebook Stock Plunge, Calls for Zuckerberg's Job

The loss of stock value bumped Zuckerberg from number four down to number six - six! - on Forbes' ranking of the World's Billionaires , behind Spanish fashion magnate Amancio Ortega and Warren Buffett. Analyst...More..

Bitcoin [BTC] ETF rejection met with dissent by SEC Commissioner
by | Friday, July 27, 2018

Bitcoin [BTC] ETF rejection met with dissent by SEC Commissioner

The SEC originally rejected an application for the " Winklevoss Bitcoin Trust" past year. Exchange-traded funds (ETFs) for Bitcoin are back in the news again this week. The Commission emphasizes th...More..

Mega Millions Winning Ticket Sold In San Jose
by | Thursday, July 26, 2018

Mega Millions Winning Ticket Sold In San Jose

There are six that are worth $1 million and two of those were sold in New Jersey. The ticket, which was sold at Ernie's Liquors on South White Road, in the California city had a 1-in-302.6 million chance of w...More..

Republicans visiting White House surprised by European Union trade announcement
by | Thursday, July 26, 2018

Republicans visiting White House surprised by European Union trade announcement

Against the backdrop of this fresh start, both sides agreed to resume trade talks "to work together toward zero tariffs, zero non-tariff barriers, and zero subsidies on non-auto industrial goods", Trump said...More..

Facebook Shares Plummet After Missing User, Revenue Targets
by | Thursday, July 26, 2018

Facebook Shares Plummet After Missing User, Revenue Targets

Its $1.74 earnings per share beat expectations of $1.72. Total revenue rose 41.9 per cent to US$13.23 billion. In February, the research firm eMarketer estimated that the number of Facebook users under ...More..

Trump pumps up the volume ahead of Juncker visit
by | Wednesday, July 25, 2018

Trump pumps up the volume ahead of Juncker visit

The size of the direct payments to farmers as a result of trade shortfalls would be unprecedented, said Scott Irwin, an agricultural economist at the University of IL. "This administration's tariffs and bailo...More..

North Korea takes down some launch site facilities: USA group
by | Tuesday, July 24, 2018

North Korea takes down some launch site facilities: USA group

A satellite image released by 38 North on Monday showing the partial dismantling at the Sohae launch site in North Korea. The Washington Post and other media outlets have reported in recent days that Tr...More..

Tesla Stock Stumbles as Company Asks Suppliers for Help Turning a Profit
by | Tuesday, July 24, 2018

Tesla Stock Stumbles as Company Asks Suppliers for Help Turning a Profit

What's more, a recent teardown of the Model 3 suggests that Tesla's mass market EV might be far more profitable than initially anticipated. Becoming cash-flow positive is the primary goal of Chief Executive...More..

Impact of U.S-China trade tariffs on US companies
by | Monday, July 23, 2018

Impact of U.S-China trade tariffs on US companies

But his remarks to CNBC caught financial markets by surprise Friday. The slide comes amid a deepening U.S. "We've had a trade war that's been going on for awhile, and now we're starting to hear talk about...More..

GST rate cut, return simplification to increase revenue, compliance: CII
by | Monday, July 23, 2018

GST rate cut, return simplification to increase revenue, compliance: CII

Jaitley, and the press release, made the following argument: Before GST , sanitary napkins were effectively taxed at more than 13%, and they had been brought down to 12% under GST. Mr Goyal said, simplificatio...More..

How Microsoft turned the cloud into a money-making machine
by | Saturday, July 21, 2018

How Microsoft turned the cloud into a money-making machine

Intelligent Cloud grew by 23% (20% CC), making it the fastest growing chunk of Microsoft's business, once again. Microsoft's cloud trip has been expensive but is proving to be worth the price. Despite the S...More..