Business

Ford Recalling 2 Million F-150s; Seat Belt Defect Can Cause Fire

Ford Recalling 2 Million F-150s; Seat Belt Defect Can Cause Fire

Ford claims 17 reports of smoke or fire have occurred in the United States and six instances have occurred in Canada . No injuries have been reported. Ford began investigating but wasn't able to identify any problems with the seat belt pretensioners from the trucks, and the company couldn't re-create any fires.


Trump poised to tax an additional $200billion in Chinese imports

Trump poised to tax an additional $200billion in Chinese imports

The US has already imposed tariffs on $50bn in Chinese products, and Beijing has punched back with tariffs on $50bn in American goods. The U.S. government has citied national security in imposing the measures, alleging Chinese theft of U.S.



Trump ups ante on China, threatens duties on nearly all its imports

USA stocks plummetted on Friday as the news broke, with The Dow Jones Industrial Average dropping around 140 points in little over half an hour. The US has punitive tariffs on US$ 50 billion (S$70 billion) in Chinese goods already in place, and another US$200 billion "in the hopper" that Trump said "could take place very soon".


Mercedes unveils its first fully electric auto

Mercedes unveils its first fully electric auto

Daimler aims to have up to 10 electrified vehicle variants by 2022, a target reiterated on Tuesday by Daimler CEO Dieter Zetsche , who hopes the EQC and its other electric cars will account for 15-25 percent of its sales by 2025. Scandinavia also inspired the design of the small crossover. "Exterior is all about less complexity and less frills ... for a sleek and minimalist design", Zetsche said.


With steepest hike in year today, petrol, diesel prices at record high

With steepest hike in year today, petrol, diesel prices at record high

In Mumbai, Chennai and Kolkata, petrol per litre is Rs 87.39, Rs 83.13 and Rs 82.88. Diesel prices have gone up by almost Rs 4 per litre in over a month across all metro cities. On Wednesday, Finance Minister Arun Jaitley was remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices, saying worldwide oil prices are volatile and have not shown any linear movement.


Bitcoin and other cryptocurrencies suffer a sudden crash

Bitcoin and other cryptocurrencies suffer a sudden crash

The launch date of Goldman Sachs' custody offering has not yet been disclosed. But as for getting into the trading of actual crypto assets itself, Goldman Sachs may still have a way to go, as its recent backpedaling demonstrates. "They were not a part of the ecosystem yet, but to the extent that they represent the institutional herd [of mainstream financial institutions], this is a negative", he told CNBC .