Business


Chna not a currency manipulator, U.S. says Chna not a currency manipulator, U.S. says
- October 21, 2018

The six major trading partners on the Treasury monitoring list for currency practices are China , Japan , Republic of Korea, India, Germany and Switzerland. President Donald Trump promised throughout the campaign to label China a currency manipulator once he got into office, but so far he has declined to do so. (more...)
Mega Millions jackpot climbs to $1 billion Mega Millions jackpot climbs to $1 billion
- October 21, 2018

Mega Millions tickets for Friday's drawing may be purchased online at MichiganLottery.com and at the Lottery's 11,000 retailers around the state until 10:45 p.m. In California, for example, the lottery Thursday sold $5.7 million in Mega Millions tickets during the first half of the day. Officials say that if there isn't a victor, the prize for Tuesday night's drawing would be $1.6 billion, tying the largest US lottery prize. (more...)
Mexico opens border to women & children of US-bound migrant caravan Mexico opens border to women & children of US-bound migrant caravan
- October 21, 2018

Arriving on the Mexican side of a border bridge, they were met by a phalanx of police with riot shields. Now anyone who gets past the Mexican authorities can be sent back for them to sort out. They might as well turn back. Honduras, El Salvador and Guatemala rank among the poorest and most violent countries in the Americas . Two busloads of those police were visible on the Mexican side of the bridge from Tecun Uman Thursday. (more...)
The Oil Keeps Flowing: Iran Evades U.S. Sanctions The Oil Keeps Flowing: Iran Evades U.S. Sanctions
- October 20, 2018

Spare production capacity in the United States, which had been as much as 4 million barrels per day in 1968, had been used up by March 1972. Oil fell more than $1 a barrel to below $79 on Thursday as the fourth weekly increase in US crude inventories suggested ample supply, while Saudi-US tension and falling Iranian exports lent support. (more...)
Corn, diced onions and now vegetables cited in dual contamination recalls Corn, diced onions and now vegetables cited in dual contamination recalls
- October 20, 2018

Department of Agriculture's Food Safety and Inspection Service (FSIS). The company's post said there have been no illnesses reported, and that all affected products were removed from sale and destroyed. The most common symptoms are diarrhea, abdominal cramps and fever 12-72 hours after eating the contaminated product, according to the FSIS. If the diarrhea is particularly severe or persists for days, the diner may need hospital care. (more...)
Pivot to the Truth? Facebook Lied About Video Stats, Advertisers Say Pivot to the Truth? Facebook Lied About Video Stats, Advertisers Say
- October 20, 2018

Previously, the small advertiser had sued over the initial 2016 admission by Facebook, but it has now amended its suit. Facebook claims that it informed the customers just after the errors were discovered and updated their help center to explain the issue. (more...)
Spammers, not a nation state, behind Facebook data breach, report says Spammers, not a nation state, behind Facebook data breach, report says
- October 20, 2018

The social network us Facebook think that mass piracy of data recently revealed, was orchestrated by "spammers" and not by a country for political purposes, says the "Wall Street Journal" on Tuesday. 15 million users had their name and contact details accessed while other details such as gender, language, relationship status, and religion were retrieved for 14 million. (more...)
China's Q3 GDP growth slowest since 2009, misses expectations China's Q3 GDP growth slowest since 2009, misses expectations
- October 20, 2018

China's third quarter economic growth slowed to its weakest pace since the global financial crisis. The world's second-largest economy experienced 6.5 percent growth compared to the same quarter a year ago, but was slightly behind the first two quarters of 2018, which were 6.8 percent and 6.7 percent, respectively. (more...)
Previous Rome will oppose extension of European Union sanctions on Russian Federation Previous Rome will oppose extension of European Union sanctions on Russian Federation
- October 20, 2018

He criticized the basis of the sanctions, which were imposed on Moscow after Russia's 2014 annexation of Ukraine's Crimean Peninsula and backing for separatists in eastern Ukraine in a war against the government. "I really believe that we should look for instruments and policies to be applied with putting this into consideration", Szijjarto said. Italy's move to reach out to smaller Russian businesses comes as Reuters reported that Italy is resisting an European Union push to impose ... (more...)
Fed signals more rate hikes despite emerging market 'stress' Fed signals more rate hikes despite emerging market 'stress'
- October 19, 2018

The main focus for the Treasury Department has been China, . which U.S. President Donald Trump has criticized for weakening the yuan, . helping Chinese exporters and lessening the impact of tariffs. The Dow Jones Industrial Average jumped 547 points. Treasury Secretary Steven Mnuchin says Trump respects the independence of the Federal Reserve and simply favors low interest rates. (more...)
Tesla taking orders for shorter-range, $45,000 Model 3 Tesla taking orders for shorter-range, $45,000 Model 3
- October 19, 2018

Tesla also likes to point out your gas savings, which amount to $4,300 over six years for the mid range Model 3 . The Model 3 Performance, for example, has a base price of $US64,000 before any options are added - and that's before the tax incentives, but it also doesn't include features like the company's "Autopilot" driver-assist system, which many customers choose to add on. (more...)
Netflix Posts Big Rebound in Subscriber Growth Netflix Posts Big Rebound in Subscriber Growth
- October 19, 2018

Some analysts were even quite negative on Netflix as the company's pre-earnings valuations were 127 times 2018 earnings per share and 80 times those for 2019. In the third quarter previous year, Netflix posted $2.99 billion in sales. Netflix never identifies which shows are most successful. Currently, Netflix is the most expensive streaming service in India, starting at Rs. (more...)
Tariffs on Chinese Imports Have Not Impacted US Economy Tariffs on Chinese Imports Have Not Impacted US Economy
- October 19, 2018

The treaty sets rates that national postal services charge to deliver mail and small packages from other countries. According to the Swiss body's constitution, the USA can leave the treaty after one year - during which time the State Department says it hopes to negotiate for more satisfactory terms. (more...)
PH takes 56th spot in global competitiveness index PH takes 56th spot in global competitiveness index
- October 19, 2018

The US earned top spot on its market size, stability and innovation ecosystem - including idea generation, entrepreneurial culture, openness and agility. The organisation assessed a variety of metrics, including infrastructure, information and communications technology, macroeconomic stability, health, skills and labor market. (more...)
Tesla secures land in Shanghai for first factory outside US Tesla secures land in Shanghai for first factory outside US
- October 19, 2018

Tesla successfully acquired an 864,885-square meter plot in Shanghai's Lingang area for the electric vehicle maker's new factory, according to an announcement from Lingang Wednesday afternoon. Back in August, the company noted in an earnings release that it expects to begin production in China in three years . Tesla's mission is to accelerate the world's transition to sustainable energy not only through all-electric vehicles, but also scalable clean energy generation and storage products. (more...)
Saudi accused of butchering journalist studied in Glasgow Saudi accused of butchering journalist studied in Glasgow
- October 19, 2018

The rector of the University of Glasgow has attacked Saudi Arabia and the "hypocrites" who support it, after a former student was accused of torturing and butchering a journalist. The Crown Prince told Pompeo that the United States and Saudi Arabia "are strong and old allies. But we'll see what happens", Trump told reporters when asked what would be the consequences of such an unfortunate incident. (more...)
Fed plans to keep hiking interest rates despite Trump blowback Fed plans to keep hiking interest rates despite Trump blowback
- October 19, 2018

USA central bankers see no reason to pause the current course of gradual rate hikes that have infuriated President Donald Trump and some even say the Federal Reserve may soon need to slow the economy, according to meeting minutes released Wednesday. (more...)
Investment crucial to future of oil industry: Opec Investment crucial to future of oil industry: Opec
- October 18, 2018

Crude oil prices gained about $10 a barrel in three months to October 3 but gave up $6 in the following 10 days. Russian and Iranian energy ministers on Monday discussed potential further regulations in oil production under the deal reached between the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, the Russian Energy Ministry said. (more...)
Bitcoin Hits $7800 Per Coin Then Plunges a few Hours Later Bitcoin Hits $7800 Per Coin Then Plunges a few Hours Later
- October 18, 2018

This led to the exchange halting all fiat deposits temporarily. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Tether using one of the aforementioned exchanges. A little-known token may be fueling Bitcoin's rise. The wannabe Tether alternatives are already gaining momentum. Ties between Friedman LLP and Tether were dissolved, only furthering the skepticism surrounding USDT. (more...)
Pompeo stresses long-term strategic relationship with Saudi Arabia Pompeo stresses long-term strategic relationship with Saudi Arabia
- October 18, 2018

A suspect identified by Turkey in the disappearance of Saudi journalist Jamal Khashoggi was a frequent companion of the kingdom's powerful Crown Prince Mohammed bin Salman , The New York Times reported on Tuesday (Oct 16). "I can never do business with Saudi Arabia again until we get this behind us", he said this week. "We have asked for it. If it exists we have asked for it", Trump told reporters in the Oval Office. (more...)
Facebook blamed for writers losing jobs due to inflated video-view metrics
- October 18, 2018

At the core of the dispute are Facebook's methods to calculate video viewing time. "Facebook's records also show that the impact of its miscalculation was much more severe than reported", marketers allege in court papers filed in August , but only unsealed on Tuesday. (more...)
Influential Facebook shareholders back proposal to remove Zuckerberg as chairman Influential Facebook shareholders back proposal to remove Zuckerberg as chairman
- October 18, 2018

The social media platform is also in the radar for allegedly playing a role in the proliferation of fake news and foreign meddling in the United States elections. The Business Insider noted that Magaziner said: "Without an independent board chair, the board's oversight of the company remains inadequate, as evidenced by the recent mishandling of several controversies". (more...)
Trump widens Fed critique, calls it 'my biggest threat'
- October 18, 2018

Trump told Reuters in August he was "not thrilled" with Fed Chair Jerome Powell for raising interest rates, and has since escalated his criticism , this week saying the central bank is his "biggest threat", and last week calling the Fed "crazy", "loco", "ridiculous", and "too cute". (more...)
Recreational marijuana becomes legal in Canada Recreational marijuana becomes legal in Canada
- October 18, 2018

And while it is a major development, it doesn't mean everything marijuana-related is now legal. In neighbouring USA, nine states and the District of Columbia have legalised marijuana. "It is the only thing that is good for you of those three things". Others, however, are sounding the alarm. " We always knew there was going to be bumps along the road, no country has done this to this extent", Lake said of Canada's roll-out of legalized pot. (more...)
Cypriot budget airline Cobalt has suspended operations Cypriot budget airline Cobalt has suspended operations
- October 18, 2018

It announced it was suspending operations and cancelling all its flights just before midnight on Wednesday (October 17). In a later statement, quoted by the Cyprus Mail , Cobalt said it had called in administrators after failing to secure long-term funding. (more...)
Burger King creates Halloween sandwich clinically proven to give you nightmares Burger King creates Halloween sandwich clinically proven to give you nightmares
- October 18, 2018

The fast-food chain is releasing its "Nightmare King" next week. Happy Halloween! Burger King has unveiled its new Nightmare King burger, and it's interesting , to say the least. Jose Gabriel Medina , said: "According to previous studies, 4 percent of the population experiences nightmares in any given night". Burger King is celebrating Halloween in a big way. (more...)
Mega Millions $900M, Powerball $430M Jackpots Await This Weekend Mega Millions $900M, Powerball $430M Jackpots Await This Weekend
- October 18, 2018

Tickets sold in New Jersey, Kentucky and MA matched the five numbers and each win a $1 million prize. No one won the jackpot, which was set at $378 million. Add that to the Mega Millions jackpot to be drawn Friday, which has swollen to $900 million, and there are combined jackpots well past $1.3 billion at stake. (more...)
EBay sues Amazon over alleged poaching of sellers EBay sues Amazon over alleged poaching of sellers
- October 18, 2018

In the lawsuit filed in Santa Clara County, California, eBay says Amazon representatives created eBay accounts to solicit sellers, often sending messages within minutes of setting up their profiles. Both eBay and Amazon rely on independent sellers to boost their revenue, but it's become a big part of Amazon's growth: past year, for the first time, more than half the items sold on Amazon were from third-party sellers. (more...)
Porsche Cayenne, e-Hybrid launched; prices start at Rs 1.19 crore Porsche Cayenne, e-Hybrid launched; prices start at Rs 1.19 crore
- October 18, 2018

The new Cayenne is based on the Major League Baseball platform, which is shared with the Audi Q7 and the Lamborghini Urus. The SUV now also gets a rear-wheel steering as well. This includes a 710 watts Bose sound system, 18-way adjustable seats, leather upholstery and all other luxuries expected from the sports SUV. Under the hood, there are three powertrain options for the three variants. (more...)
Trump threatens to close southern USA border over caravan of migrants Trump threatens to close southern USA border over caravan of migrants
- October 18, 2018

Mr Trump's threat came as US Secretary of State Mike Pompeo prepared to travel later in the day to Panama and then Mexico City, where he was to meet with Mexican President Enrique Pea Nieto on Friday. Also Thursday, LifeZette reported the president's threat Wednesday to stop USA aid to the Central American nations if they don't do more to prevent their people from seeking to enter America isn't likely to be a sufficient deterrent. (more...)

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