Economy

  • As oil plunges, energy companies cut jobs, postpone projects

    Brent for February settlement decreased 69 cents, or 2.2 percent, to $30.86 a barrel on the London-based ICE Futures Europe exchange. The price of crude is do...

  • Sean Penn has 'nothin' to hide' over El Chapo article

    Mexico has received guarantees from a court in Texas that if it receives Guzman as part of his extradition , it will not seek the death penalty against him, ...

  • GM Will Invest A Half Billion Dollars In Lyft Partnership

    It comes as part of a $ 1 billion fundraising effort by Lyft. GM and Lyft announced the joint venture on Monday, with the two companies agreeing to work to...

  • GM and Lyft Team Up for Robot Taxi Service

    Lyft's key rival, Uber, has invested in autonomous vehicle research while also benefiting from investment by Google. General Motors will not only support Lyft w...

  • Andy Murray targets Novak Djokovic flaws at Australian Open

    Squeaking sounds of the shoe-soles rubbing against the hard surface coupled with grunts and a one off "habibi" or a "we love you" broke the silence as the two T...

  • GM, Lyft To Develop Self-Driving Cars With $500M Partnership

    The partnership also better positions the automaker for a future in which customers don't buy cars every five or six years but share rides or hail drivers when ...

  • Golden Globes 2016: Matt Damon left unimpressed as Ricky Gervais makes Ben

    Sunday night, Ricky Gervais, who hosted the three ceremonies before the Fey/Poehler years, returned. Among the nominees with the most to gain from a best-pi...

  • Global markets mixed after Chinese shares gain — Business updates

    The exchange rate then was relatively stable for a few weeks, but has fallen 2.6 percent more in the past month. Japan's Nikkei was 0.4 per cent higher, while H...

  • Shanghai index close down 5.33% on economic worries

    A rebound in Chinese stocks helped shore up the mood in global stock markets Friday in the run-up to U.S.jobs data. On Monday, the Shanghai Composite Index ...

  • US B-52 bomber flies over S. Korea

    Mr Wang also held talks with his South Korean counterpart, Yun Byung-se. Lee says the institute will continue to collect and analyze more samples. Doing so ma...

  • Wall Street could get gloomy after Chinese stocks plunge

    Chinese investors use a computer terminal to check stock prices in a brokerage house in Beijing , Friday, Jan. 8, 2016. Chinese investors watch stock market ...

  • Djokovic to face old foe Nadal in Qatar final

    Nadal won 100 percent of his first service points in the opening set, 89 percent overall, and allowed only one break point, which he held. "To be back in a fi...

  • Seoul resumes propaganda broadcasting on border with North Korea
    Economy

    Seoul resumes propaganda broadcasting on border with North Korea

    In August 2015, South Korea resumed the propaganda broadcasts for the first time since 2004. Before the broadcasts began, U.S. Secretary of State John Kerry h...

  • Things You Need to Know About the Jobs Report

    The unemployment rate for people with disabilities across the country dropped sharply in December to 10.3 percent, the U.S. Department of Labor said Friday. "Wo...

  • China's market turmoil a symptom of other problems

    With the circuit breaker deactivated late on Thursday, the CSI300 index was up 1.75 percent at 3,351.97 points in morning trade on Friday, while the Shanghai Co...

  • Chinese yuan strengthens against dollar

    China's securities regulator also unveiled new rules on Thursday to restrict selling by big shareholders who have been locked into their holdings for six mont...

  • Bumper US jobs figures give stock markets further lift
    Economy

    Bumper US jobs figures give stock markets further lift

    Chinese stock markets packed enough drama for a few months into a spectacularly condensed half-hour collapse on Thursday. (AP Photo/Eugene Hoshiko). It will a...

  • Mexico Fears Currency War After China's Yuan Move

    Chinese stocks were volatile Friday and other Asian markets rebounded a day after a sharp sell-off in China rattled global markets. Offshore yuan fell to a fr...

  • North Korea says South's propaganda broadcasts push situation to 'brink of war'

    The institute will continue to collect and analyze more samples. If the United States guarantees that no attempts would be made to disarm or destroy North Korea...

  • U.S. stock market experiences 120-year-old decline

    The upbeat suggested that a recent manufacturing-led slowdown in economic growth would be temporary. All 10 major S&P 500 sectors were higher with the consu...

  • Saudi plans spending cuts, revenue push to shrink 2016 budget deficit
    Economy

    Saudi plans spending cuts, revenue push to shrink 2016 budget deficit

    The kingdom has announced a raft of public spending cuts after it logged a record $98 billion deficit in 2015. According to the KSA Ministry of Finance's annu...

  • China drops stock market 'circuit breakers' after four days

    A woman is reflected on an electronic stock board of a securities firm in Tokyo, Thursday, Jan. 7, 2016. For the second time this week, trading was halted autom...

  • GM is investing $500 million in Lyft to create driverless cars

    In a statement, Dan Ammann , the GM President said " We see the future of personal mobility as connected, seamless and autonomous ". In a press release , GM...

  • GM Bets on Lyft, Invests $500M Towards Autonomous Driving

    GM will also work with Lyft to provide short-term rental hubs where people who do not own cars can pick up a vehicle and drive for Lyft to earn money. Through t...

  • Criminal investigation underway at Chipotle after norovirus outbreak

    Sales fell 30 percent at established locations in December, Chipotle said Wednesday. You agree that you are exclusively responsible for your communications and ...