Business

Saudi Arabia says it 'remains committed' to Aramco IPO

Saudi Arabia says it 'remains committed' to Aramco IPO Yemen Army and popular forces targeted a Saudi sea base in Red Sea near Aramco oil installations, south of Saudi Arabia. Russian President Mr Vladimir Putin and Saudi Crown Prince, Second Deputy Prime Minister and Defense Minister Mohammad bin Salman Al Saud, right, during a meeting. [Full Article...]

Tesla abandons Elon Musk's plan to delist company

Tesla abandons Elon Musk's plan to delist company Tesla founder Elon Musk has announced he no longer wishes to take his company private. The news marks a stunning reversal for Musk who tweeted on August 7 that he had "funding secured" for a deal that would take Tesla private at a value of $72 billion. [Full Article...]

Cohen’s lawyer walks back claim Trump knew of Russia meeting

Cohen’s lawyer walks back claim Trump knew of Russia meeting After the sit-down came to light, Trump insisted his son never informed him of the Trump Tower meeting and that he learned about it from media reports . "Just another phony story by the Fake News Media!" While previous weeks have seen long streams of largely rambling discourse striking back at the Mueller investigation and others he has perceived as enemies, the President stuck to retweetin... [Full Article...]

Lawmakers press for probe into Verizon's firefighter throttling

Lawmakers press for probe into Verizon's firefighter throttling The county first disclosed the issue in a court filing last week in support of a lawsuit seeking to restore net neutrality rules repealed by the Federal Communications Commission. Those rules are meant to force broadband companies to give all customers comparable service, and many critics have insisted they would have protected firefighters' internet access. [Full Article...]

Over 2 Millions Account Numbers and Addresses Potentially Leaked — Mobile Hacked Again

Over 2 Millions Account Numbers and Addresses Potentially Leaked — Mobile Hacked Again All affected customers have been, or shortly will be, notified, said the company. T-Mobile said it "regretted" this incident and has put a number of safeguards in place to protect the personal information of its customers from unauthorized access. [Full Article...]

Fed chief stands firm on rate policy

Fed chief stands firm on rate policy The Fed has penciled in two more interest rate hikes this year despite risks from trade conflicts and emerging market turmoil. Growth is expected to remain close to 4.0 percent and to keep validating the policy decisions from the Fed. Unemployment is low at 3.9 per cent, and inflation, according to the Fed's preferred benchmark, is slightly above officials' 2 per cent target. Federal Reserv... [Full Article...]

Dershowitz says NY probe, not Mueller, is ‘greatest threat’ to Trump

Dershowitz says NY probe, not Mueller, is ‘greatest threat’ to Trump How is Trump's policy of "Be loyal to be, and I will treat you like dirt" working? " The Journal reported Pecker shared with prosecutors details about payments that Cohen says Trump directed in the weeks and months before the election to buy the silence of McDougal and another woman alleging an affair, porn star Stormy Daniels ". [Full Article...]

United Kingdom outlines contingency plan in event of 'no-deal' Brexit

United Kingdom outlines contingency plan in event of 'no-deal' Brexit With the contentious issue of the Northern Ireland backstop still unresolved between the United Kingdom and EU27, businesses trading across the border are advised that they may need to consult the Dublin government. London is Europe's leading financial services hub, with the global banks and investment houses based there working for clients across the EU. "The chancellor's bombshell letter ... [Full Article...]

Russian manufacturer Kalashnikov moves from AK-47s to an electric vehicle

Russian manufacturer Kalashnikov moves from AK-47s to an electric vehicle Kalashnikov constructed the CV-1 on the underpinnings of an Izh 2125 "Kombi," a compact hatchback originally manufactured by the Soviets starting in 1972, with production running until 1997. The electric motorcycles had been used previous year for police patrolling roads. The weapons company now wants to dip into the EV space. And the occasional salt-and-pepper shaker . [Full Article...]

US Crude Oil Outlook: Oil price advances on bullish fundamentals

US Crude Oil Outlook: Oil price advances on bullish fundamentals API data has contrasted with gains in USA crude oil and gasoline inventories reported by the EIA and lead to major swings downward for the price of oil. Chinese ship owners are no longer accepting Iranian oil and its using its own tankers to supply oil to top U.S. customers as the impending American sanctions are expected to disrupt worldwide trade. [Full Article...]

Allen Weisselberg: Trump Organization CFO granted immunity in Cohen case

Allen Weisselberg: Trump Organization CFO granted immunity in Cohen case Pecker's immunity deal was first reported on Thursday by Vanity Fair and The Wall Street Journal , citing anonymous sources. There is also evidence captured by satellite images that North Korea has started to dismantle a key military engine test site at the Sohae Satellite Launching Station, as Mr Kim said he would when he met Mr Trump. [Full Article...]

Pope arrives in Ireland for first visit in 40 years

Pope arrives in Ireland for first visit in 40 years The visit will also put him in a global spotlight, as the Vatican is reeling from scandals this year in the US, Australia and Chile. Prime Minister Leo Varadkar , who a year ago became Ireland's first gay leader, told Francis that the wounds of clerical child abuse that stained the Irish state were still open and there was much to be done to bring about justice and healing for victims. [Full Article...]

US President Donald Trump says his impeachment would 'crash' the economy

US President Donald Trump says his impeachment would 'crash' the economy Although the charges didn't involve collusion between Russian Federation and the Trump campaign, they were brought by the office of Special Counsel Robert S. Press secretary Sarah Huckabee Sanders insisted at least seven times at a briefing that Trump had done nothing wrong and was not the subject of criminal charges. [Full Article...]

Sears to Close Florence Mall Location

Sears to Close Florence Mall Location The number of stores peaked in 2012 at 4,000, which included the Sears Canada division that was later spun off. The Crabtree Valley Mall store is the only location in Raleigh targeted for closure at this time, though the company said it continues to evaluate all of its locations. [Full Article...]

China says must "counter-attack" latest U.S. tariffs

China says must The Chinese government criticized the US increase as a violation of World Trade Organization rules and said it would file a legal challenge. No details were released about the two-day meeting that began on Wednesday. Economists reckon that every $100 billion of imports affected by tariffs would reduce global trade by around 0.5 percent. Both nations started levying the previously announced tax... [Full Article...]

On Fox News, Trump says hush money was ‘not a campaign violation’

On Fox News, Trump says hush money was ‘not a campaign violation’ Cohen has accused Trump of directing him to make payments to former Playboy model Karen McDougal and adult-film star Stormy Daniels to keep them quiet ahead of the 2016 election. While on CNN a little later, he offered that Cohen would probably be willing to testify before Congress about what he knows about Trump's knowledge of Russian interference in the 2016 election. [Full Article...]

Trump denies wrongdoing, slams Cohen ‘stories’ on hush payments

Trump denies wrongdoing, slams Cohen ‘stories’ on hush payments He was speaking after Michael Cohen , his ex-lawyer, pleaded guilty to violating election laws and said he had been directed to do so by Mr Trump . Asked if he was considering such a move, Trump said only that he has "great respect for what he has done, in terms of what he has gone through". On Thursday Trump ignored questions from the press on the issue. [Full Article...]

Australian prime minister could quit Friday

Australian prime minister could quit Friday Turnbull, whose Liberal Party is the senior partner in the coalition government, had won a party-room vote by 48 to 35 on Tuesday, but the unconvincing victory had left him vulnerable to another challenge. He said Turnbull has run an excellent government that had delivered record jobs growth and a strong economy "and yet that hasn't been good enough for his colleagues - well, for some colleagues... [Full Article...]

US Slaps Sanctions on 2 Russian Shipping Companies over Banned Oil Transfers

US Slaps Sanctions on 2 Russian Shipping Companies over Banned Oil Transfers The U.S. operates on the principle of "the worse, the better", Rybkov said in a statement posted on the Foreign Ministry website that detailed the sanctions for alleged violations of United Nations and U.S. "The country, which is leaving the European Union as part of Brexit, is trying to dictate foreign policy to the European Union, and now it turns out that London wants to dictate foreign polic... [Full Article...]

Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates

Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates Trump told Reuters that he was " not thrilled " by Powell's decision to raise interest rates and would continue to criticise the Fed if interest rate hikes continued. The U.S. unemployment rate is now 3.9 percent, well below what the Fed deems full employment, and bank officials have gradually increased their rate hike forecasts through 2018. [Full Article...]


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