News: Money

Turkey to boycott US electronics - including iPhone

Wednesday  07:10,   15 august 2018

Turkey to boycott US electronics - including iPhoneThe move comes after the US imposed sanctions on two Turkish ministers over the continued detention of an American pastor on terror-related[...]
News / Money

Elon Musk’s Tweets on Tesla Started a Tizzy. Someone Should Hit the Brakes.

Wednesday  06:55,   15 august 2018

Executives are permitted to disclose market-moving information on social media. But Mr. Musk has provided regulators ample opportunity to re-examine the policy. Why do people say the craziest things on[...]

Royal Mail fined record £50m for 'serious breach' of law

Wednesday  06:50,   15 august 2018

Royal Mail has been fined a record £50m by the communications regulator "for a serious breach of competition law".OFCOM said the postal giant abused its dominant position by discriminating against its only major competitor delivering[...]

Companies are facing an employee burnout crisis

Tuesday  17:10,   14 august 2018

Companies are facing an employee burnout crisis : A recent Gallup study of nearly 7,500 full-time employees found that 23 percent of employees reported feeling burned out at work very often or always, while an additional 44 percent reported feeling[...]

Ashley vows to save majority House of Fraser stores

Tuesday  17:00,   14 august 2018

Mike Ashley, the billionaire owner of Sports Direct and Newcastle United, has vowed to save most House of Fraser (HoF) stores.  Mr Ashley paid £90m to buy the ailing store chain from administrators on Friday."In a year's time you can hold my[...]

Are rich people more likely to lie, cheat, steal? Science explains the world of Manafort and Gates.

Tuesday  16:45,   14 august 2018

"The effect of power is sadly one of the most reliable laws of human behavior,” says one psychologist.It seems a fair question when the news is dominated by misdeeds of the rich and powerful. The Paul Manafort trial, now entering its third[...]

Questions loom over Tesla deal after CEO reveals Saudi link

Tuesday  16:30,   14 august 2018

Questions loom over Tesla deal after CEO reveals Saudi linkIf everything falls into place, Musk plans to buy Tesla from any existing shareholders willing to sell using money raised through Saudi Arabia's sovereign wealth[...]

It's becoming more and more clear that Brexit is driving EU nationals out of the UK

Tuesday  16:20,   14 august 2018

It's becoming more and more clear that Brexit is driving EU nationals out of the UKOn Tuesday, the Office for National Statistics released its monthly snapshot of the UK jobs market, looking at the overall rate of employment and unemployment [...]

European stocks gain broadly as Turkey’s lira stabilizes

Tuesday  13:45,   14 august 2018

European stocks on Tuesday rose on Tuesday, putting the pan-European index on the verge of booking a gain for the first time in the past three sessions as an apparent currency meltdown in Turkey showed signs of steadying.What are markets[...]

People retire early for 2 reasons, and it's not about money

Tuesday  13:30,   14 august 2018

Early retirement isn't about the money, say several early retirees. For many, the value of life during early retirement is priceless — the happiness it brings doesn't depend on the dollar.Brandon of the blog Mad Fientist, who retired at age [...]

Twitter Lite is now available in 21 more countries

Tuesday  13:20,   14 august 2018

Many of us want to engage with the rest of the global society, whether we live in major cities with blazing fast mobile connections or areas where data is prohibitively expensive or slow. Since launching Lite last year, Twitter has[...]

Bitcoin dips below $6,000 amid cryptocurrency sell-off

Tuesday  12:45,   14 august 2018

Bitcoin's price is close to its lowest point of the year. The lowest level of 2018 was reached in June 18, when it retreated to $5,785.Rival coins ether, the digital token of the ethereum blockchain, and XRP, Ripple's digital asset, fell[...]

Asian Stocks Trade Mixed; Dollar Slips With Yen: Markets Wrap

Tuesday  12:41,   14 august 2018

Asian stocks mostly steadied Tuesday as the contagion from the economic crisis in Turkey remained relatively contained in developed markets overnight. The dollar slipped from its highest in 14 months and Treasuries were little changed. Equities[...]

Unemployment falls to lowest level for 40 years

Tuesday  12:41,   14 august 2018

Job vacancies increased by 20,000 to a record high of 829,000, while average earnings increased by 2.4% in the year to[...]

As credit cards get more expensive don't let the small print catch you out: Seven steps to dodge the traps

Tuesday  12:30,   14 august 2018

Credit card interest is on the up, with the cost of the average APR 1 per cent higher than a year ago. Here’s five traps you need to avoid to make sure you don't get chargedThe reality, however, is that 55.6 per cent of us end up paying interest [...]