China’s Didi Chuxing to launch carpooling service in Australia
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...
Tesco reports solid first quarter sales growth
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...
China says it will respond to US tariffs on Chinese goods
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...
IMF warns of Trump’s new import tariffs on world’s trading system
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...
Rolls-Royce cutting 4,600 jobs in major restructuring plan
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...
US Federal Reserve hikes rates, suggests two more increases by end of 2018
The US Federal Reserve hiked rates for the seventh time since 2015 on Wednesday.
The Federal Reserve voted in favor of raising the target...
Charitable giving in the US rose to above $400 billion in 2017
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,...
Tesla cutting 9% of workforce in cost-cutting plan
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...
Daimler ordered by German government to recall 238,000 vehicles
Mercedes-Benz parent Daimler has been ordered by the German government to recall 238,000 vehicles because they were found containing “defeat devices”.
A “defeat device” is...
Land Rover moving production of Discovery SUV from UK to Slovakia
Jaguar Land Rover is relocating production of the Discovery SUV from the West Midlands in England to Slovakia from next year.
The company said that...