Joseph Nordqvist 3169 posts

Airbus warned that a UK departure from the EU without a deal could affect the planemaker’s position in the UK, putting thousands of British jobs at risk. Airbus currently employees about 14,000…

UK government borrowing dropped more than expected in May, with public sector borrowing down by £2 billion from a year earlier to £5 billion, according to the Office for National Statistics (ONS).…

General Electric will be dropping out of the Dow Jones Industrial Average (DJIA) after over a hundred years on the financial index. The DJIA is an index that shows how 30 large, publicly owned…

Automotive giants Ford and Volkswagen are considering partnering in the development of commercial vehicles to better serve the needs of customers globally. Ford and Volkswagen announced that they…

Debenhams has issued yet another profit warning.  The UK department store expects full-year profits to be lower than expectations due to “increased competitor discounting and weakness in key…

A Tesla Model S caught fire out of the blue as it was being driven by the husband of actress Mary McCormack. A video was posted by the actress of the car with visible smoke and flames. “This is…

Rupert Stadler, chief executive of Audi, was arrested in Munich on Monday on suspicion of fraud and concerns he would suppress evidence in an ongoing investigation into the diesel emissions scandal.…

UK households could be up to £1,000 worse off in the event of a “no deal” Brexit, according to new research by Oliver Wyman. The consultancy firm said that Brexit could cost the UK economy up to…

The Chinese ride-sharing firm Didi Chuxing is launching its carpooling service, Didi Express, in Melbourne, Australia later this month as it continues its expansion in new markets. Didi Express,…

Tesco reported a 3.5% increase in UK and Irish sales in the first quarter of the year. Group sales, which also includes Asia and eastern Europe, rose 1.8%, up from 1.0% growth a year earlier,…

China has said it will respond quickly to protect itself if the US harms the country's interests. The announcement was made as the US prepares imposing tariffs on $50 billion worth of Chinese…

The International Monetary Fund (IMF) warned that the Trump administration’s new import tariffs pose a threat to the world’s trading system. A trade war would result in “losers on both sides” and…

Rolls-Royce will be cutting 4,600 jobs as part of a major restructuring plan to simplify the company into three customer-focused business units.   Around a third of the job cuts are expected to…

The US Federal Reserve hiked rates for the seventh time since 2015 on Wednesday. The Federal Reserve voted in favor of raising the target for its benchmark interest rate by 0.25% to a range of…

Charitable giving in the US rose to above $400 billion last year, according to the Giving USA Foundation. Total charitable giving by American individuals, bequests, foundations and corporations to…

Tesla will be cutting 9% of its workforce as part of a cost-cutting strategy to boost the profitability of the company. Elon Musk, CEO and founder of Tesla, said the decision to cut jobs was…