https://regmedia.co.uk/2018/04/27/shutterstock_ginni_rometty_ibm_ceo.jpg

Money

IBM has seen revenue decline by nearly a quarter since Rometty, 61, took the CEO role in 2012. IBM had recently said it continues to build partnerships with multiple cloud providers, including AWS, Microsoft's Azure, Google Cloud, Alibaba and others to build hybrid solutions.
  • Macron Suspends Political Visits To Saudi Arabia As Khashoggi Backlash Intensifies

    Macron Suspends Political Visits To Saudi Arabia As Khashoggi Backlash Intensifies

    Money

    Later in the day, Trump told reporters that "it certainly looks like" Khashoggi was dead. Trump was at Joint Base Andrews and was asked by reporters if he thought the journalist was killed on Thursday prior to boarding Air Force One. Saudi Arabia's Future Investment Initiative, dubbed "Davos in the Desert", will be missing numerous major players after several world leaders and top business executives have decided not to attend.
  • Swiss concerned over missing Saudi journalist

    Swiss concerned over missing Saudi journalist

    Money

    Shares in Son's Japanese tech company SoftBank plunged more than 7% in Tokyo on Monday as worldwide pressure intensified on Saudi Arabia over the disappearance of prominent journalist Jamal Khashoggi . The foreign ministers of the UK, France and Germany today issued a joint statement calling for a "credible investigation" into Khashoggi's fate. The CEO of the us bank JP Morgan has already announced that he wouldn't make it the " Davos of the desert" and several media outlets, ...
  • Mega Millions jackpot grows again as no one wins

    Mega Millions jackpot grows again as no one wins

    Money

    The drawing on Tuesday would have granted the victor the sixth-largest Mega Millions jackpot in history. No one won Friday night's drawing, which was the third-largest in Mega Millions' history. The Mega Millions jackpot is approaching $470 million. It costs $2 to play the game, but the odds of instant wealth aren't good. The jackpot victor will need to match numbers on all five white balls and the Mega Ball.
  • Google Pulls Out Saudi Business Conference Amid Missing Journalist Scandal

    Google Pulls Out Saudi Business Conference Amid Missing Journalist Scandal

    Money

    In this December 15, 2014 file photo, Jamal Khashoggi , then general manager of a new Arabic news channel speaks during a press conference, in Manama, Bahrain. Turkey's state-run Anadolu news agency said Mr Pompeo was expected in Turkey on Wednesday to meet Turkish Foreign Minister Mevlut Cavusoglu, after talks in Riyadh.
  • China's trade surplus with USA widens to record $34.1bn

    China's trade surplus with USA widens to record $34.1bn

    Money

    The U.S. Treasury Department's staff has advised Secretary Steven Mnuchin that China isn't manipulating the yuan as the Trump administration prepares to issue a closely watched report on foreign currencies, according to two people familiar with the matter.
  • Turkey steps up pressure on Saudi Arabia over missing journalist

    Turkey steps up pressure on Saudi Arabia over missing journalist

    Money

    His fiancee, Hatice Cengiz , has been invited to meet Mr Trump in the Oval Office. "A few days ago I called the fake news the enemy of the people, and they are - they are the enemy of the people", he told an audience at the Conservative Political Action Conference in February 2017.
  • India to Continue Iranian Oil Imports after US Sanctions

    India to Continue Iranian Oil Imports after US Sanctions

    Money

    Hedge funds cut their bullish wagers on USA crude in the latest week to the lowest level in almost a year, data showed on Friday. During the previous round of sanctions, India had continued importing Iranian oil although purchases were cut significantly to safeguard itself from the United States financial system.
  • Toyota recalls 2.4m hybrid vehicles over stalling issue

    Toyota recalls 2.4m hybrid vehicles over stalling issue

    Money

    The firm in September said it was recalling more than one million hybrid cars globally after uncovering a technical problem that could cause fires. Toyota said in a statement that the recalled vehicles-2012-2014 Toyota Prius and Toyota Prius V models-were created to enter a failsafe driving mode that cuts engine power dramatically if their engine computer systems detected a serious fault.
  • Petrol diesel prices come down: Check todays fuel prices here

    Petrol diesel prices come down: Check todays fuel prices here

    Money

    In a surprise move, Govt. of India has announced that petrol and diesel prices will be now cheaper by Rs 2.5. It has done so by slightly cutting the excise duty, a type of indirect tax, on imported diesel and petrol by ₹1.50 per litre and directing several state-run oil marketing companies to cut prices by a further ₹1 per litre on the sale of petrol and diesel.
  • PM meets with Quebec dairy farmers post USMCA, promises compensation

    PM meets with Quebec dairy farmers post USMCA, promises compensation

    Money

    The terms reached between the US and Mexico on higher wage thresholds will also be positive for Canadian producers, said Unifor president Jerry Dias, who welcomed the deal. Bullard said the labeling system is deceptive to consumers who think they're purchasing a US -made product. "So, we're not interested in that", he said.
  • Tesla shares jump on Model 3 numbers, Musk deal

    Tesla shares jump on Model 3 numbers, Musk deal

    Money

    The regulator filed a lawsuit against Musk last week, alleging a tweet in which he claimed he'd secured funding for a buyout of Tesla at $420 per share was " false and misleading ". Musk initially said the SEC's charges were "unjustified" but has now reached an agreement with the body to settle the charges. However, if found guilty, Musk stood to lose a lot more than $20m and could have been ousted as CEO of the company.
  • Trump rejects meeting with Iran's Rouhani at United Nations gathering

    Trump rejects meeting with Iran's Rouhani at United Nations gathering

    Money

    The president responded: "I didn't expect that reaction , but that's OK". As assembled global dignitaries started to chuckle, Trump interrupted his prepared remarks and insisted, " So true ". Trump addressed the General Assembly after a news-filled day at the United Nations , where he vowed to continue sanctions against Iran to take down its nuclear programme and signed a revised trade deal with South Korean President Moon Jae-in.
  • Michael Kors is close to buying Versace for $3.1 billion

    Michael Kors is close to buying Versace for $3.1 billion

    Money

    Michael Kors Holdings Ltd.is adding some Italian flair. Givi in turn is half-owned by Allegra Versace Beck, daughter of Donatella and niece of late founder Gianni. Versace and Blackstone both declined to comment to Reuters . Versace does not disclose its financial details, but documents deposited with the Italian chamber of commerce show that past year it posted sales of 668 million euros (US$786 million) and earnings before interest, tax, depreciation and appreciation (EBITDA) of ...
  • Sacked ABC boss Michelle Guthrie considers legal options

    Sacked ABC boss Michelle Guthrie considers legal options

    Money

    What on earth is the government's explanation for Michelle Guthrie's apparent sacking as head of the ABC . Despite offering praise for some of Ms Guthrie's work, Mr Milne said her "leadership style" was a factor in the board's decision.
  • US OIL re-testing 50 MA. Trump's tweet in play?

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

    Money

    US West Texas Intermediate crude was up 55 cents, or 0.8 per cent, at $71.67 a barrel, after rising almost 2 per cent the previous session. Brent crude dropped to $78.62 per barrel, and WTI crude also fell slightly to $70.69 in the wake of Trump's comments.
  • India airliner turns back due to bleeding passengers

    India airliner turns back due to bleeding passengers

    Money

    Cabin pressure is thus maintained by a flight's crew to ensure comfort for everyone aboard. The Boeing 737 aircraft returned to Mumbai due to "loss of cabin pressure" and the pilots have been taken off duty pending investigation, a Jet Airways spokesperson said .
  • Oil prices steady as concerns about producer output outweigh United States stockpile gain

    Oil prices steady as concerns about producer output outweigh United States stockpile gain

    Money

    As if to support Barkindo's plea, if only obliquely, Alexander Novak , energy minister for Russian Federation, stated on Monday that "I think we have the possibility to discuss any possible scenarios"- referring to the prospect of a deal between OPEC and other producers (a group known as OPEC+) being formalized and increasing output from levels agreed in June in order to ward off undue market tightening.
  • Australian boy arrested for putting needles in strawberries

    Australian boy arrested for putting needles in strawberries

    Money

    Officials, however, have said Australians should keep buying fruits and other produce. Since then, needles or pins have been reported in strawberries in New South Wales, Queensland, Victoria, South Australia , Tasmania and the Australian Capital Territory.
  • UK PM May cautions: Alternative to my Brexit deal is no deal

    UK PM May cautions: Alternative to my Brexit deal is no deal

    Money

    Rejecting a Brexit agreement based on the government's Chequers plan will mean the United Kingdom crashed out of the European Union without any deal at all, Theresa May has said in a warning to Brexiteers in her own party. She said that the counter-proposal will not "solve the issue of no hard border by having a hard border 20km inside Ireland". Khan's comments come on the same day as he called for a second vote on Brexit .
  • United States will fail to achieve zero oil exports target: Iran

    United States will fail to achieve zero oil exports target: Iran

    Money

    China will not buckle to U.S. demands in any trade negotiations, the major state-run China Daily newspaper said , while U.S. President Trump said on Twitter he felt no pressure to strike a deal with China. Two tankers carrying Iranian condensate, a type of ultra-light oil, have been floating off the United Arab Emirates for about a month as demand for the oil fell ahead of USA sanctions.
  • Six strawberry brands now affected after needle tampering

    Six strawberry brands now affected after needle tampering

    Money

    Police began looking into the potentially risky berries after a Facebook user on Saturday wrote that their friend took a bite of a strawberry and ate "half a sewing needle", according to the Palm Beach Post . The Queensland Strawberry Growers Association suspects a disgruntled ex-employee is behind the sewing needles found inside strawberries that has sparked a recall across three Australian states.
  • Amazon joins Apple in the trillion-dollar club

    Amazon joins Apple in the trillion-dollar club

    Money

    Wall Street has grown very enthusiastic about Amazon's non-retail businesses, the Associated Press reports. Interestingly, as The Verge points out, Amazon is only the third company internationally to hit a $1 trillion market cap. At the close of the stock market on Friday, Jeff Bezos's net worth was estimated at $166 billion by the other major billionaire wealth tracker, the Bloomberg Billionaires Index .
  • Ayanna Pressley's Surprise Upset Shows Women Of Color's Power In Democratic Politics

    Ayanna Pressley's Surprise Upset Shows Women Of Color's Power In Democratic Politics

    Money

    In nearby Connecticut, Jahana Hayes is on track to become that state's first black woman to win a congressional seat if she prevails in November. Like Ms. The 7th District encompasses Boston's residential neighborhoods and its surrounding suburbs, with large Hispanic, black and Asian populations, and is the state's only majority-minority district.
  • Amazon hits $1 trillion market value milestone

    Amazon hits $1 trillion market value milestone

    Money

    The milestone comes one month after Apple first passed the $1 trillion threshold on August 2 . The stock gained 2% to hit the magic number of $2,050.27, or R31,356, per share on Tuesday . Ben Barringer, an equity research analyst at Quilter Cheviot, said Amazon still has a long to way go, which means it could end up bigger then Apple.
  • 'Immediately' bring petrol, diesel under GST: Chidambaram blames govt for price hike

    'Immediately' bring petrol, diesel under GST: Chidambaram blames govt for price hike

    Money

    This takes the worldwide price of crude oil and the value of the rand against the dollar into account. In Mumbai petrol touched Rs 86.56 per litre while diesel increased to Rs 75.54 per litre, after a hike of Rs 0.44 per litre. The central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by 13.47 a litre in nine instalments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October ...
  • Trump attacks union leader on Labor Day

    Trump attacks union leader on Labor Day

    Money

    Congress eventually would have to approve any agreement. But on Saturday, Trump said there was "no political necessity" to include Canada in a deal, and suggested he would scrap NAFTA entirely rather than allowing it to continue in its current form.
  • Nigeria, China to sign $328m agreement on ICT - Presidency

    Nigeria, China to sign $328m agreement on ICT - Presidency

    Money

    The presidential aide said that President Muhammadu Buhari , who arrived Beijing , China , on Saturday, would join his Chinese counterpart, Xi Jinping to witness the signing of the agreement. "China-Africa cooperation must give Chinese and African people tangible benefits and successes that can be seen, that can be felt", he said. China loaned around $125 billion to the continent from 2000 to 2016, data from the China-Africa Research Initiative at Washington's Johns Hopkins University ...
  • Full-size Lego Bugatti Chiron is driveable!

    Full-size Lego Bugatti Chiron is driveable!

    Money

    It is the first of it's kind, using over 1,000,000 LEGO Technic elements and powered exclusively using motors from the LEGO Power Function platform. LEGO have built a working model of the world's fastest auto out of more than a million bricks and 2,300 toy motors to recreate the Bugatti Chiron .
  • Nafta betrayal casts a gloomy mood over Canada trade deal

    Nafta betrayal casts a gloomy mood over Canada trade deal

    Money

    Trade officials worked late into the night on details, and Canada's Foreign Minister Chrystia Freeland said , "There's a lot of goodwill on both sides". Freeland said Canada was "extremely involved" in the progress that was made between the USA and Mexico over the summer. Observers have raised concerns that Canada's absence from the talks could put Ottawa in a position where it might be pressured into accepting a less-appetizing deal reached between the USA and Mexico.
  • 99.3% Of Demonetised Currency Back In System: RBI Report

    99.3% Of Demonetised Currency Back In System: RBI Report

    Money

    The government predicted that Rs 3 lakh crore in currency would not return to the banks. Economic Affairs Secretary Subhash Chandra Garg said the demonetisation process was now complete. "The figures show the demonetisation exercise was flop", said a chief economist at a bank, who sought anonymity as the subject is a sensitive one. The central bank's annual report that came out Wednesday - which includes an assessment of India's currency management, a subject that has a number of ...
  • Donald Trump says Mexico trade deal near; NAFTA hurdles seen easing

    Donald Trump says Mexico trade deal near; NAFTA hurdles seen easing

    Money

    AMLO wants it excluded, and he has a pretty good reason. Freeland said the three countries had agreed Canada would rejoin the talks once Mexico and the United States resolve bilateral matters. "We need to have engagement with Canada, and the only way it can happen is if we continue through the weekend and into next week", Guajardo told reporters Thursday afternoon.
  • Australian ruling party set to choose new prime minister

    Australian ruling party set to choose new prime minister

    Money

    A ReachTel poll conducted Wednesday night found that 29% of voters preferred Bishop as leader of the Liberal Party , ahead of Tony Abbott at 14%, Dutton at 10% and Morrison at 8.6%. He accused a minority in the party room and others outside parliament of trying "to bully, intimidate others into making this change of leadership that they're seeking".
  • Canadian dollar slides as investors brace for Fed’s Powell

    Canadian dollar slides as investors brace for Fed’s Powell

    Money

    That boosted the dollar, which has benefited from President Donald Trump's protectionist policies and from a flight to quality as geopolitical tensions mount. Sen. Bob Corker (R-Tenn.) said he also met with Powell last week. And so they're being accommodated and I'm not. "We will not pursue competitive currency devaluation and will not use the currency as a weapon to deal with trade frictions", said Li, reiterating previous statements from Beijing.
  • PepsiCo buys fizzy drink maker SodaStream for $3.2bn

    PepsiCo buys fizzy drink maker SodaStream for $3.2bn

    Money

    Founded in Britain in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing people to create fizzy drinks by adding flavored syrups to carbonated tap water, but its popularity faded as bottled sodas became cheaper.