Elon Musk keeps his promise! Tesla delivers $311 quarterly profit, positive cash flow; shares zoom

Tesla Inc reported a net profit, positive cash flow and fatter-than-expected margins for the latest quarter on Wednesday, delivering on Chief Executive Elon Musk's promise to turn the electric carmaker profitable as higher pr

Industry News

Facebook unveils systems for catching child nudity, grooming of children

Facebook Inc said on Wednesday that company moderators during the last quarter removed 8.7 million user images of child nudity with the help of previously undisclosed software that automatically flags such photos.

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Jackpot! One winning lottery ticket in US’ Mega Millions sold for record $1.6 billion

Only one ticket matches all six numbers in the Mega Millions lottery draw in the United States for a jackpot worth a record-setting $1.6 billion, a lottery official said early on Wednesday.

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Khashoggi row: Saudi Arabia Crown Prince Mohammed bin Salman to address investment forum amid furore

Saudi Arabia's crown prince is expected to address an investment forum on Wednesday that has been overshadowed by the outcry over the killing of journalist Jamal Khashoggi, a day after Turkey urged Riyadh to search "top to bo

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Saudi Arabia comes to Pakistan’s aid with $6 billion package; to give $3 billion in cash

Saudi Arabia has agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis, Pakistan's

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Copper under pressure on worries over weaker demand in China

China said earlier this week that it will roll out more policies to support private companies, including measures to help them raise funds in capital markets.

Commodities News

US share market ends down after worries about earnings outlook added selling pressure

US stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session.

Markets News

Asia stocks struggle as global woes persist, oil near 2-months low

Global stocks have suffered this week on worries about U.S. earnings, Italian government finances, U.S. trade tensions and mounting pressure on Saudi Arabia over the death of dissident journalist Jamal Khashoggi.

Markets News

Arrests of migrant families at US-Mexico border increase; official data

About 40 percent of those apprehended in fiscal 2017 and 2018 were unaccompanied children or families with children, compared with 10 percent in 2012, according to the Migration Policy Institute, a non-partisan think tank.

World News

Target’s two-day holiday shipping option beats Amazon, Walmart

Target Corp, aiming to one-up retail rivals during the upcoming U.S. holiday shopping season, said on Tuesday it was adding more delivery and pickup options for online shoppers to have items shipped to their homes or ready fo

Industry News

Oil slumps 5 per cent as global equities tumble, Saudi Arabia supply assurances

Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concer

Commodities News

John Bolton tells Kremlin: “Don’t mess with US elections”

U.S. national security adviser John Bolton said on Tuesday that Russian meddling in U.S. elections had backfired on Moscow, providing a lesson to the Kremlin: "Don't mess with American elections."

World News

Airbus faces new jet delays, engine shortage at Hamburg plant, say sources

For two years Airbus faced a shortage of engines and had to slow jet deliveries.

Industry News

Apple’s Tim Cook to prove iPhone is secure, to address keynote at data protection conference

Apple Chief Executive Tim Cook is expected to stress the iPhone maker's commitment to privacy and backing for strong laws on both sides of the Atlantic to protect the use of data, according to remarks prepared for delivery at

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Twitter removes more accounts affiliated with Alex Jones’ website Infowars

Last month, Twitter permanently banned Jones and Infowars from its platform, saying in a tweet that the accounts had violated its behavior policies.

World News

Ford sees higher metal costs, hopes China and U.S. can settle trade issues

Ford Motor Co has seen higher steel and aluminum costs driven by trade tariffs bite into profit, but is hopeful the United States and China can avoid further tensions that could make things more costly, a top Ford executive s

World News

Uber, Ola drivers strike in India, demanding higher fares

Hundreds of drivers for ride-hailing giant Uber and its local rival Ola went on strike in the two biggest Indian cities, Delhi and Mumbai, on Monday, demanding higher fares to meet rising fuel costs that are eating away at th

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China drops ban on rapeseed meal from India

China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal feed, the customs administration said on Monday.

India News

Uber to appeal Singapore’s competition watchdog decision on Grab deal

Uber said it was making the appeal independently of Grab, as a matter of principle.

Economy News

Saudi Arabia Foreign Minister calls Jamal Khashoggi killing ‘grave mistake’, says prince not aware

The weeks of denial and lack of credible evidence in the face of allegations from Turkish officials that Khashoggi had been killed have shaken global confidence in ties with the world's top oil exporter.

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Asian shares slip amid anxiety on earnings, politics

Asian share markets fell anew on Monday as investors braced for the peak of the US earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and centre.

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US lawmakers blame Saudi crown prince for journalist Jamal Khashoggi’s murder

Top US lawmakers turned their ire on Saudi Crown Prince Mohammed bin Salman on Sunday .

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Donald Trump, European leaders call Saudi account of journalist Jamal Khashoggi’s death incomplete

Donald Trump joined European leaders on Saturday in pushing Saudi Arabia for more answers about Jamal Khashoggi.

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Brexit: UK firms near point of no return for contingency plans, warns survey

Most British companies will implement their plans for coping with a disruptive Brexit by December if there is no clarity by then on how Britain will leave the European Union, a survey by a major employers group showed.

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US to exit nuclear treaty, citing Russian violations

Donald Trump said the United States will develop the weapons unless Russia and China agree to a halt on development.

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Anti-money-laundering body gives Iran until February to complete reforms

The Paris-based Financial Action Task Force said after a meeting of its members that it was disappointed that Tehran had acted on only nine out of 10 of its guidelines despite pledges to make the grade.

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Alaska governor ends re-election campaign, throws support to Democrat

Alaska Governor Bill Walker, a political independent, halted his re-election campaign on Friday and said he would support his Democratic challenger, ending a three-way race in which the Republican candidate had appeared to po

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