Business


Amazon will go bankrupt one day, CEO Jeff Bezos tells employees Amazon will go bankrupt one day, CEO Jeff Bezos tells employees
- November 18, 2018

To postpone the end of the company's lifespan, Bezos argued that Amazon needs to focus its energy on its customers, rather than worrying too much about the internal dynamics at play. Amazon, over the past few years, has notably expanded and presently has more than 550,000 lakh people working for it worldwide. It now has over 600,000 employees and a stock price that's quadrupled over the last five years. (more...)
Why Did Bitcoin Cash Fell In Price By 50%? Why Did Bitcoin Cash Fell In Price By 50%?
- November 18, 2018

The bitcoin-to-dollar exchange rate has surged 2.21 percent from its previous low at 5291-fiat, now trading at 5408-fiat. "The Bitcoin Cash hard fork is proving far more destabilising than initially thought as numerous competing factions muddy the landscape", Stephen Innes, head of trading for Asia Pacific as Oanda, said in a note. (more...)
Oil price drops amid fears over demand Oil price drops amid fears over demand
- November 17, 2018

The head of Libyan state oil firm NOC said in a statement on Thursday that it was important for OPEC and non-OPEC producers to co-operate to maintain oil market stability. In reality, they may have discussed this option last weekend along with other options at the meeting in Abu Dhabi , but it does not seem to be a coincidence that news of this larger plan surfaced a day after one of the sharpest declines in oil prices in a long time. (more...)
China hotels red-faced after dirty cleaning practices revealed China hotels red-faced after dirty cleaning practices revealed
- November 17, 2018

The Ritz-Carlton in Shanghai said it carried out an investigation after the video exposed one of its cleaners, who had been found using the same towel to clean the shower glass, floor, counter and cups. Fearing retribution from the hotels he stays in, Huazong has not revealed his real name. The hotel chain apologized in a statement posted to Weibo. (more...)
Protectionism 'Doomed To Failure': China's Xi Says In Swipe At US Protectionism 'Doomed To Failure': China's Xi Says In Swipe At US
- November 17, 2018

The media were also refused entry yesterday whilst trying to cover the bilateral meeting between the Chinese President Xi Jinping and the other Pacific leaders. Pence also said that The US wanted a "better relationship" with China , if it respects its neighbours' sovereignty, embraced "free, fair and reciprocal trade" and its human rights record. (more...)
Amazon staff prepare for the onslaught of Black Friday shopping Amazon staff prepare for the onslaught of Black Friday shopping
- November 17, 2018

Unsurprisingly, it's big-ticket tech products that people tend to snap up over the Black Friday weekend - including top of the range televisions, laptops and household appliances. Amazon is also advertising deep discounts on various product categories. Again, all of these go live on Amazon's website starting Thanksgiving Day, but Alexa will offer them to voice shoppers starting this Sunday. (more...)
Uber loss tops $1bn loss ahead of planned IPO next year Uber loss tops $1bn loss ahead of planned IPO next year
- November 17, 2018

Uber Technologies posted a more than US$1 billion loss in the three months to September as the company continued to invest in new business segments such as freight and food delivery and electric bikes and scooters . Uber bookings were about $12.7 billion in September quarter. Uber a year ago chose to share selected financial figures publicly. Under the chief executive Dara Khosrowshahi , who took over from Kalanick, Uber has also retreated from some markets where it has suffered losses. (more...)
CDC Continues Warnings About Turkey-Linked Salmonella Outbreak CDC Continues Warnings About Turkey-Linked Salmonella Outbreak
- November 16, 2018

Department of Agriculture knows more about the turkey products implicated in this outbreak than it is disclosing to the media or the American people", wrote Sarah Sorscher, CSPI's deputy director of regulatory affairs. CSPI directed consumers to the federal food safety guidelines for handling raw poultry, which includes common sense guidelines to follow, outbreak or not, especially around the holidays. (more...)
Toyota Corolla sedan revealed Toyota Corolla sedan revealed
- November 16, 2018

Following the reveal of a redesigned Corolla Hatchback at the start of the year, Toyota has now followed up with the reveal of a redesigned Corolla sedan . Toyota will indeed be expanding the 2019 Corolla's footprint next year subsequently as it will be retailed in well over 150 nations. A naturally aspirated 2,0-litre without the hybrid gubbins is also expected to be offered in some markets. (more...)
Troubled airline Flybe puts itself up for sale Troubled airline Flybe puts itself up for sale
- November 16, 2018

A Flybe plane prepares to take off in rainy conditions at Leeds Bradford Airport. Flybe is reported to have put itself up for sale less than a month after issuing a dramatic profit warning . Since September, the company's shares have fallen by nearly 75 per cent. Continued improvements are being seen into quarter three which demonstrates the popularity of Flybe for our customers, ' said Christine Ourmières-Widener, Chief Executive Officer. (more...)
Amazon launches Seven Days of Black Friday Deals Amazon launches Seven Days of Black Friday Deals
- November 16, 2018

Black Friday is nearly here, and so are all those deals you've been anxiously waiting for all year. The Black Friday deals will run from 16-23 November and will feature specials on everything including toys, electronics, fashion, beauty, kitchen, and more. (more...)
Australians Declare Existential Crisis Over Onion Placement Australians Declare Existential Crisis Over Onion Placement
- November 16, 2018

However when announcing the change to sausage sizzles , Bunnings said in a statement safety was its number one priority. In what could be the most Australian moment of 2018, the outraged, it seemed, were becoming outraged at the outraged in a fierce debate over Bunnings sausage snags on social media. (more...)
Lion Air Crash: Boeing Sued by Victim's Family Lion Air Crash: Boeing Sued by Victim's Family
- November 16, 2018

Investigators of the Lion Air Flight 610 previously confirmed that the airspeed indicator of the plane had malfunctioned during its last four flights. "They (Boeing) didn't provide us all the info we rely on when we fly an aircraft", Capt. Dennis Tajer, a spokesman for the APA group, told CNN on Tuesday. (more...)
Ernst first female GOP senator elected to Republican leadership ranks since 2009 Ernst first female GOP senator elected to Republican leadership ranks since 2009
- November 16, 2018

The entire House will elect a new speaker in January. The three leadership elections that took place Wednesday went largely as expected. Democrats took control of the U.S. Rep. Kurt Schrader of OR has said Pelosi "doesn't have the votes" to become speaker again, in part because of the newly elected members who have promised to oppose her. (more...)
Honda revives Passport name for new SUV Honda revives Passport name for new SUV
- November 16, 2018

It goes on sale early next year. As the teaser video suggests, the Passport will be positioned as Honda's most capable SUV off the road. The vehicle will undoubtedly be a unibody crossover like its bigger and smaller siblings, but the automaker assures the model will be capable of venturing off the beaten path. (more...)
FDA says it will start process to ban menthol cigarettes FDA says it will start process to ban menthol cigarettes
- November 16, 2018

The proposed menthol ban will be the most aggressive action the agency has taken against the tobacco industry in more than a decade as it looks to further push down USA smoking rates, which have been falling for decades. Recent research shows that kids and teens may be more likely to smoke cigarettes and use other tobacco products if they pick up vaping . The expectation was based on the FDA's move to ban flavored cigarettes in 2009 - one of its first tobacco regulations handed down after ... (more...)
BREXIT: EU divorce deal in peril after two UK Cabinet ministers quit BREXIT: EU divorce deal in peril after two UK Cabinet ministers quit
- November 16, 2018

Much of the controversy surrounding the deal has focused on a "backstop" clause that would keep the U.K.in a customs union in case an additional trade deal is not forged. He told BBC Radio 4's Today programme: "If you are those sceptics, the ardent Brexiteers, what you have to really worry about here is that if you don't take this opportunity to leave the European Union, to get Brexit over the line, you might never leave at all". (more...)
Federal Bureau of Investigation probing American woman's death on Aruba-bound cruise ship Federal Bureau of Investigation probing American woman's death on Aruba-bound cruise ship
- November 15, 2018

The incident was reported to the Federal Bureau of Investigation and local authorities and the local authorities met and boarded the ship upon arrival in Aruba. Passengers weren't allowed off the ship before the authorities arrived. At 8:45 a.m., forensics vans showed up, the passenger wrote. Authorities have yet to confirm that report. (more...)
Powerball jackpot victor played the same numbers for 25 years Powerball jackpot victor played the same numbers for 25 years
- November 15, 2018

Robert Bailey , a retired federal government employee, was revealed as the Powerball victor at a news conference at the Resorts World Casino New York City on Wednesday. "I noticed I was one of two winners, the other was in Iowa". "I had to play this morning before I came here", he told the New York Post from the Resorts World Casino in Queens Wednesday. (more...)
Tobacco giants see shares tumble on report of United States menthol cigarette ban Tobacco giants see shares tumble on report of United States menthol cigarette ban
- November 15, 2018

Fellow tobacco stock Imperial Brands PLC (LON: IMB ) fell 4.1% to 2,637p, although it has a much smaller presence in the United States menthol cigarette market. The curbs on the nascent e-cigarette industry comes as federal officials have become increasingly alarmed about growing use among young people. The FDA has been targeting flavored tobacco products as studies indicate that teens who smoke menthol cigarettes consumed close to twice as many weekly compared with non-menthol users. (more...)
Popular e-cigarette manufacturer stops sales, takes down social media pages Popular e-cigarette manufacturer stops sales, takes down social media pages
- November 15, 2018

The company also said it'll only start accepting orders again for mango, cucumber, fruit and creme pods from retail locations that can legally sell flavors, and that comply with a series of new guidelines, such as electronically scanning IDs for flavored pod purchases and limiting the quantity of pod sales to an individual. (more...)
Pence: expect Cold War if China doesn't concede on trade, security Pence: expect Cold War if China doesn't concede on trade, security
- November 15, 2018

We're looking for results. " Then so be it ", Pence said. "They know what our administration's position is". One person said that talks between the world's two largest economies are continuing and constructive. China has delivered a written response to U.S. demands for wide-ranging trade reforms, three United States government sources said on Wednesday (Nov 14), a move that could trigger more formal negotiations to resolve a withering trade war between the world's top economies. (more...)
SAP SE to Acquire Qualtrics International Inc SAP SE to Acquire Qualtrics International Inc
- November 15, 2018

The deal has already received approval from both boards and comes ahead of a planned IPO from Qualtrics. SAP announced in a statement this week that it has entered into an agreement to acquire the global pioneer of experience management software, Qualtrics, for $8bn in cash. (more...)
Premier Foods eyeing Ambrosia sale as CEO steps down Premier Foods eyeing Ambrosia sale as CEO steps down
- November 15, 2018

It said it was having "discussions with third parties regarding the potential disposal" of the brand, as well as the factory in Devon where the products are made. The results - which come after a major shareholder revolt against Mr Darby over the summer - showed Premier sinking to a widening loss for the six months to the end of September. (more...)
Global oil supply jumps, sending prices lower — Energy agency Global oil supply jumps, sending prices lower — Energy agency
- November 15, 2018

The agency did cut its forecast for non-OECD demand growth, the engine of expansion in world oil consumption. The markets will be facing an oil glut in 2019 as supply will outpace demand. Prices recovered, with Brent inching back above $67 after Reuters reported that OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels per day (bpd), a larger figure than officials had mentioned previously. (more...)
Here's your first look at the 2020 Toyota Corolla Altis Here's your first look at the 2020 Toyota Corolla Altis
- November 15, 2018

It is still a sedan but it has a sporty look. In the global market, the sedan is likely to get the same engine options as the other two body styles. The new generation Toyota Corolla Altis will have a body longer, lower and wider than its predecessor, and changes in dimension should lend it a more dynamic, prestigious and sophisticated road presence. (more...)
Uber launches a tiered rewards program in the U.S., just like Lyft Uber launches a tiered rewards program in the U.S., just like Lyft
- November 15, 2018

There are four different tiers in Uber Rewards, including Blue , Gold, Platinum and Diamond. If you earn 7,500 points three months into one period, for instance, you'll have access to Diamond-level perks for the rest of that period and the next six months. (more...)
The $1.5 billion Mega Millions jackpot victor has not claimed the prize The $1.5 billion Mega Millions jackpot victor has not claimed the prize
- November 15, 2018

Officials say the winning ticket was sold in SC. South Carolina's WLTX reported that the winning ticket was sold in the town of Simpsonville. Their time doesn't run out until April 21, 2019. The South Carolina Education Lottery advises the victor to place the ticket in a safe location and speak with a trusted financial adviser. The jackpot is one of the largest prizes in history; the largest was a Powerball drawing for a record $1.586 billion in January 2016. (more...)
Secret Sister gift exchange scam circulating on social media Secret Sister gift exchange scam circulating on social media
- November 15, 2018

The same scam has surfaced in previous years, too. This type of gift exchange may seem reasonable enough in theory: six friends invite six more friends, who all send gifts to the participant in spot 1 before that person's named is removed. Seldom does anyone drop out because it's so much fun to send a gift to someone you may or may not know. and of course it's fun to receive. Check with BBB before becoming involved in suspicious and possibly illegal activity. (more...)
McDonald’s customer punches, chokes manager because she wanted ketchup McDonald’s customer punches, chokes manager because she wanted ketchup
- November 14, 2018

Police released McDonald's surveillance footage of the incident, showing a woman in gray trousers and a light pink shirt attacking the employee, who was wearing a blue shirt. It eventually ended when a man in the black shorts believed to be with her intervened and escorted the woman out of the resaturant. Bertgana said if people do not recognise the suspect in the video, they may recognize the male who could lead police to her. (more...)

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