There is a race between carmakers and technology companies to develop "robotaxis" which can be called up via smartphone and paid for by the minute and this race is set to get intensified a few notches more as Fiat Chrysler is slated to join an alliance led by BMW engaged for the development of...

The Philippines’ good tidings were being heralded by the tumbling of the peso to a fresh 11-year low.   He wasn't worried about either the deficit or the currency's drop — or even his expectation that the peso may fall further, said Nestor Espenilla, governor of the country's central...

It has been years that Facebook and many of its apps have been blocked in China.   Now by authorizing the release of a new app there that does not carry the Facebook name, the social network is trying a different way into China.   According to a person with knowledge of the...

A call to stop "blaming and shaming" one another over a continental eggs contamination scare was given by Europe's food safety commissioner to countries.   After traces of a moderately toxic pesticide – called fipronil – were found in batches of eggs, tensions between agricultural ministers...

According to a majority of economists polled by Reuters who forecast growth will not accelerate the way the Trump administration has predicted, the U.S. economic expansion will last at least another two years. It has taken unusually long time for the recovery from the devastating 2007-2009...

The latest report from the International Energy Agency says that more time is needed before the shifting fundamentals in the oil industry are felt by markets even though it states that the oil market is re-balancing as demand continues to grow.   By revising up its July forecast from 1.4...

Even while analysts expressed their concerns with the health of the online lenders' sector, stocks in this sector were sent soaring after LendingClub Corp and OnDeck Capital Inc surprised investors very recently with strong growth forecasts and good quarterly results.   Bbanks pulled back...

A growing concern among the world's top luxury carmakers such as BMW and Daimler that robocars may not live up to the profit expectations that drove an initial investment rush is pushing them to talk about the virtues of having a bigger pool of engineers to develop a self-driving car as they...

Cementing its status as Asia's most pivotal oil market actor that will increasingly dominate the region's fuel trade, China is on pace to overtake the United States as the world's biggest oil importer this year.   Government statistics showed that China imported more crude oil in the first...

A costly toll was the result on the results of major U.S. and European companies in the latest quarter by the cyber attack that crippled Ukraine businesses and spread worldwide to shut down shipping ports, factories and corporate offices. And experts say that there is more to come.   The...

Minneapolis Fed President Neel Kashkari believes that at trimming the Federal Reserve's $4.5 trillion balance sheet gradually is the right thing to do because according to him, it is not doing a lot to boost the U.S. economy at this time.   "I think the big, big balance sheet isn't doing a...