Business


Saudi diplomat says global outcry over Khashoggi murder 'hysterical' Saudi diplomat says global outcry over Khashoggi murder 'hysterical'
- October 28, 2018

The Turkish president's tone indicates he does not intend to allow the matter of Mr Khashoggi's death to quietly fade away, nor does he plan to help Saudi Arabia move away from the glaring worldwide spotlight that the case has focused on the kingdom. (more...)
AMP sells life business, puts Kiwi advice on the block AMP sells life business, puts Kiwi advice on the block
- October 28, 2018

The Resolution business model was developed during a period where United Kingdom insurers were closing their life businesses to new business; putting them into run-off mode in response to rising costs, rapidly increase adverse experiences in claims and accelerating lapse rates. (more...)
Half a million Perth residents can't walk to public transport, report reveals Half a million Perth residents can't walk to public transport, report reveals
- October 28, 2018

Accessibility is worst in the outer areas of Melbourne, where 1.4 million commuters struggle to access frequently-running public transport. "It should have the capability to reform the bus network, coordinate bus and train services and frequencies and make network data publicly available so Queenslanders can be assured the network is improving", she said. (more...)
Short Interest in Lloyds Banking Group PLC (NYSE:LYG) Grows By 66.2% Short Interest in Lloyds Banking Group PLC (NYSE:LYG) Grows By 66.2%
- October 28, 2018

The ATR may be used by stocks market technicians to get into and exit trades, and it is a helpful tool to add to a trading system. Historical volatility is a quantifiable number which is based on past changes to the price of a stock or futures contract. (more...)
'Highly respected' mediator called in as postal workers keep Toronto plants shut 'Highly respected' mediator called in as postal workers keep Toronto plants shut
- October 28, 2018

The Canadian Union of Postal Workers (CUPW) has announced that its workers in three cities are on strike, effective 6:00 p.m. MT Wednesday, as the union's 24-hour rotating strikes continue. "Canada Post continues to operate across the rest of Canada and is accepting and delivering mail and parcels in all other locations". "Canada Post had the opportunity this weekend to stop any postal disruption on Monday, but instead, as they have for nearly a year, they refused to talk about the issues ... (more...)
U.S. economy grew at strong 3.5 percent rate in Q3 U.S. economy grew at strong 3.5 percent rate in Q3
- October 28, 2018

The report stated those offset negative contributions from exports and residential fixed investment. "The bureau emphasized that the third-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency", the BEA wrote. (more...)
Snap shares fall to new low as loss widens Snap shares fall to new low as loss widens
- October 27, 2018

That redesign, championed by Chief Executive Officer Evan Spiegel, separated chats and postings of friends from the rest of the app - the content from media organizations that is paired with advertising sold by Snap . Snap also shrank its losses to $325 million, or about 25 cents a share. The photo and video sharing platform has failed to move from the experimental or proof of concept stage among advertisers, making it harder for Snap to generate revenues from its Millennial-heavy user base, ... (more...)
Brexit backer Dyson to make electric cars in Singapore Brexit backer Dyson to make electric cars in Singapore
- October 27, 2018

Dyson's research and development arm will stay in Britain with manufacturing being done in Singapore . Speaking to The Times , the Sheffield University professor and Industrial Strategy Commission member Richard Jones said: "Manufacturing in Britain would have been a vote of confidence in the government's industrial strategy". (more...)
New Jersey Man Breaks His Hip but Wins the Lottery New Jersey Man Breaks His Hip but Wins the Lottery
- October 27, 2018

That's where his physician and nurse invited him to join their office lottery pool. He told the staff at Jefferson Stratford Hospital in New Jersey "he was on his way to buy a lottery ticket and he was disappointed that he didn't get it", the man's niece, Bobbie Mickle, said, WCAU-TV reports . (more...)
Tesla approves Model Y for production Tesla approves Model Y for production
- October 27, 2018

It didn't hit the 5,000-a-week target until June 2018. The investigation may be looking at statements made by the company in 2017, according to the Wall Street Journal's sources. "Ultimately, given difficulties that we did not foresee in this first-of-its-kind production ramp, it took us six months longer than we expected to meet our 5,000 unit per week guidance", he said. (more...)
Fed: US manufacturers say tariffs pushing prices higher Fed: US manufacturers say tariffs pushing prices higher
- October 27, 2018

He said it was "too early to tell, but maybe" that he regrets nominating Powell. The Fed has raised the key interest rate three times this year and is widely expected to increase by another 0.25 percentage points in December. Trump had also attacked the bank last week when the share prices of United States plunged suddenly. "I believe monetary policy today remains accommodative , and that, with the economy now operating at or close to mandate-consistent levels for inflation and ... (more...)
US brands falter in Consumer Reports auto reliability survey US brands falter in Consumer Reports auto reliability survey
- October 27, 2018

Its overall rating dropped it off the publication's "recommended " list. Some Model S owners reported suspension problems, though a Tesla spokesperson told Consumer Reports that the company addressed a supplier issue and a separate false service alert. (more...)
Saudi prince may be involved, but I want to believe he's not Saudi prince may be involved, but I want to believe he's not
- October 26, 2018

Haspel's trip appears to mark the first time a Central Intelligence Agency director has flown to another country over a murdered journalist. Saudi Arabia has faced intense global pressure as Turkey continues to release details of its investigation of what happened after Khashoggi entered the Saudi consulate in Istanbul on October 2. (more...)
$1 million Mega Millions ticket sold in Davenport $1 million Mega Millions ticket sold in Davenport
- October 26, 2018

It's unclear whether there are jackpot winners in other states. They can take $828 million in a lump sum or receive the full $1.537 billion in annual installments over the next three decades. The state is one of seven that allows winners to keep their identities secret, ABC News reports. While most states require the winner's identity to be made public, SC is one of eight states where they may choose to remain anonymous. (more...)
China leads the way as worlds billionaires get even richer China leads the way as worlds billionaires get even richer
- October 26, 2018

Billionaires' wealth enjoyed its "greatest-ever" increase in 2017, rising 19 percent to $8.9 trillion ($7.8 billion euros) shared among 2,158 individuals, said the report by Swiss banking giant UBS and auditors PwC. The study also warned of lower economic growth in the United States and China if the trade war between the two countries escalates. Meanwhile, India and Indonesia are set to emerge as the next top Asian countries behind China to watch for billionaire growth, due to their large ... (more...)
Twitter shares leap after revenue and profit beat expectations Twitter shares leap after revenue and profit beat expectations
- October 26, 2018

Other tech stocks rode the wave of optimism, too, with Facebook closing more than 3 per cent ahead at $150.95. That's due to an initiative that was launched to cleanse Twitter's user base of bots, inactive accounts, and bad actors. "We do see health as a growth vector over the long term", Dorsey told analysts on a conference call. "Our goal is to serve the public conversation". (more...)
Amazon quarterly profit rockets tenfold to $2.9 bn Amazon quarterly profit rockets tenfold to $2.9 bn
- October 26, 2018

About half of Diwali sales were in Q3 previous year, now it will be in Q4. In after-hours trading on Thursday, shares traded 7.7 percent lower, giving up $137 to $1,645. cents per share, a year earlier. Global losses at the world's largest ecommerce firm had fallen for the first time in the June quarter since 2016 on a quarter-on-quarter basis, mainly due to cost efficiencies in Europe and Japan. (more...)
European Union rejects Italy's budget in eurozone first European Union rejects Italy's budget in eurozone first
- October 26, 2018

Charging Rome with "openly and consciously" flouting pledges made, the Commission gave Italy's populist government three weeks to present a new plan to curb spending in line with the rules. In a letter to the commission on Monday, Italy acknowledged that the draft violated European Union rules, but said it would stick to its guns. "Read my lips", Conte said Monday, briefly switching from Italian to English. (more...)
Europe markets calm after Asia and U.S. sink Europe markets calm after Asia and U.S. sink
- October 26, 2018

It hadn't had a streak of losses that long since right before the November 2016 presidential election. The Nasdaq surged 209.93 points, or 3 per cent, to 7318.34 after its biggest drop in seven years. The current skid for stocks is the third big swoon for the markets this year. The S&P 500 has now declined for five straight sessions and had finished higher on only four of the 17 trading days this month. (more...)
Bound Volkswagen T-Cross revealed Bound Volkswagen T-Cross revealed
- October 26, 2018

On the outside, the VW T-Cross features long and flat full-LED headlights that extend far into the flanks, a large, wide radiator grille, a powerfully expressive front spoiler, recessed front fog lights, large wheel arches, 18-inch alloy wheels and a reflective band framed by a black trim panel at the rear, positioned between the squarish LED tail lights. (more...)
Dead serious: Google fires 13 seniors, 35 other staff, for sex harassment Dead serious: Google fires 13 seniors, 35 other staff, for sex harassment
- October 26, 2018

Mr Pichai said the article had been "difficult to read" and added in the letter: 'We're dead serious about making sure we provide a safe and inclusive workplace. "Being owned is kinda like you are my property, and I can loan you to other people", Rubin wrote to one of these women, according to a screenshot of an August 2015 email . (more...)
Killing of Jamal Khashoggi was premeditated, say Saudi prosecutors Killing of Jamal Khashoggi was premeditated, say Saudi prosecutors
- October 26, 2018

President Donald Trump had enthusiastically endorsed Crown Prince Mohammed bin Salman's consolidation of power, with the 33-year-old forging a close, chatty relationship with Trump's son-in-law and adviser Jared Kushner. Turkish President Recep Tayyip Erdogan says the journalist, a prominent critic of the government, was the victim of a carefully planned "political murder" by Saudi intelligence officers and other officials. (more...)
Jamal Khashoggi's son leaves Saudi Arabia as kingdom says killing was 'planned' Jamal Khashoggi's son leaves Saudi Arabia as kingdom says killing was 'planned'
- October 26, 2018

Dozens of people gathered outside the Saudi consulate in Istanbul on Thursday in a vigil to demand "full justice" for Saudi journalist, Jamal Khashoggi , killed after entering the building on October 2. Turkey and Western allies of Riyadh have voiced deep scepticism about Saudi explanations of the killing, with Turkish President Tayyip Erdogan dismissing Saudi efforts to blame rogue operatives and urging the kingdom to search "top to bottom" for those responsible. (more...)
Microsoft is bringing Xbox Game Pass to PC Microsoft is bringing Xbox Game Pass to PC
- October 25, 2018

A full version of Microsoft's game subscription service is on its way to PC. " Bringing Game Pass to even the PC is going to be a big element of [increasing the strength of our gaming community]", Nadella said in the earnings conference call . (more...)
Cathay Pacific hit with data breach involving 9.4 million customers Cathay Pacific hit with data breach involving 9.4 million customers
- October 25, 2018

In addition, 403 expired credit card numbers were accessed. According to Cathay Pacific, suspicious activity was first detected in March, and when detected, an investigation was started with the help of a cyber security firm to determine how the attackers gained access to their systems and for assistance fixing the breach. (more...)
CIA Chief Reportedly Listens to Tape of Khashoggi’s Death CIA Chief Reportedly Listens to Tape of Khashoggi’s Death
- October 25, 2018

Erdogan on Tuesday described for parliament what he said was a premeditated plot by Saudi Arabia to kill Khashoggi when the journalist visited the Saudi consulate in Istanbul Oct. "I'll know, I think, everything in a very short period of time". But Spanish Prime Minister Pedro Sanchez said Madrid would fulfill its commitment to sell Riyadh 400 precision bombs despite his "dismay" over the "terrible murder" of Khashoggi. (more...)
Owner warns others to stop feeding 'gold-digging' dog McDonald's Owner warns others to stop feeding 'gold-digging' dog McDonald's
- October 25, 2018

Reyes even posted photographic evidence of the ruse by her sneaky dog sitting by a line of waiting cars at the local fast food joint. Reyes caught the dog in the act when she drove to McDonald's and photographed and filmed her taking food from drive-thru customers. (more...)
EU rejects Italy's budget in eurozone first EU rejects Italy's budget in eurozone first
- October 25, 2018

The EU executive was using a power obtained in 2013 for the first time to send back a budget of a euro zone country on the grounds it has violated the rulebook. Italy's Eurosceptic, populist government has said that it would not comply with the EU's policies of forcing the Italian government to enact measures that enforced low fiscal spending. (more...)
Man filmed racially abusing woman on Ryanair flight identified, police say Man filmed racially abusing woman on Ryanair flight identified, police say
- October 25, 2018

A black woman who was subjected to racist abuse on a Ryanair flight said the attack has left her unable to eat or sleep. Gayle, in an interview with British media, said "He pays his fare, I pay mine". Nobody has apologised. We've not had nothing. She said: "It's coming up to a year of my dad's death, so I thought I'd take my mum away just for a little mini-break". (more...)
Microsoft crushes quarterly earnings as cloud revenues rise
- October 25, 2018

Net income was $8.8 billion and increased 34%. Earnings per share were up 36 percent at $1.14. "Our record results for Q1 reflect our commitment to long-term strategic investments and consistent execution to drive revenue growth and operating margin expansion", said Amy Hood, executive vice president and chief financial officer of Microsoft. (more...)

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