Business

Tesla building own car carriers to boost deliveries: Musk

Tesla building own car carriers to boost deliveries: Musk Hopefully, we will get to see these new vehicle carriers in action soon. Chief Executive Officer Elon Musk was at the company's delivery hub in Fremont, California, on Saturday, according to a customer's tweet, while many longtime Tesla owners are heeding his call to volunteer at local delivery centres. [Full Article...]

Trump says he rejected meeting with Canada's Trudeau

Trump says he rejected meeting with Canada's Trudeau After meeting with Israeli Prime Minister Benjamin Netanyahu on Wednesday, Trump announced his support for a two-state solution for Israel and Palestine, Axios reports . Get direct access to our top weekly content, contests, and perks. . 'And frankly, we're thinking about just taxing cars coming in from Canada. As the relationship between Trump and Trudeau continues to worsen, it's unclear what... [Full Article...]

US Federal Reserve raises interest rates amid strong growth

US Federal Reserve raises interest rates amid strong growth Reacting to the policy move, the USA stocks gave up all gains in the last 30 minutes of trade to end lower. At the same time as the U.S. has seen rates rise, in the United Kingdom and the eurozone they have remained around the ultra-low levels to which they were slashed during the crisis. [Full Article...]

Price of oil could reach $100/barrel by late 2018 or early 2019

OPEC leader Saudi Arabia and its biggest oil-producer ally, Russia , on Sunday rebuffed a demand from Trump for moves to cool the market. The group is faced with a steep drop in Iran supply and Venezuela's slumping output, while production growth from the U.S.is slowed by pipeline bottlenecks. [Full Article...]

NAFTA: Lighthizer hints Mexico pact may need to be reopened if delayed

NAFTA: Lighthizer hints Mexico pact may need to be reopened if delayed Trump then took aim at Canada's dairy supply management system, which he said is hurting Wisconsin dairy farmers by charging them tariffs of up to 300 per cent. -Mexico-Canada". He did not rule out the possibility of a deal, but made it clear he had little interest in compromising. Relations between the Canadian and US leaders have been chilly since June, when Trump left a Group of Seven summi... [Full Article...]

Oil prices at four-year high after OPEC rebuffs Trump

Oil prices at four-year high after OPEC rebuffs Trump Commodity traders Trafigura and Mercuria said on Monday that Brent could rise to $90 per barrel by Christmas and pass $100 in early 2019, as markets tighten once per cent sanctions against Iran are fully implemented from November. Trump has been calling publicly for OPEC to help lower prices by producing more. "Since June, Saudi Arabia has met the demand for every barrel that has been req... [Full Article...]

Ripple rallies on optimism the cryptocurrency finds a home

Ripple rallies on optimism the cryptocurrency finds a home Over the past 7 days, the social media activity of keywords such as XRP and Ripple have increased significantly, likely due to the announcement that there will be a new Ripple product launched in October. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. [Full Article...]

Oil prices hit four-year-high of $81 amid looming Iran sanctions

Oil prices hit four-year-high of $81 amid looming Iran sanctions US West Texas Intermediate (WTI) crude futures were at $72.27 a barrel, up 19 cents, or 0.3 percent from their last settlement. On Sunday, Iranian oil minister Bijan Zanganeh said Trump's tweet "was the biggest insult to Washington's allies in the Middle East". [Full Article...]

Instagram co-founders quit

Instagram co-founders quit The co-founders of Instagram have quit and become the latest high-profile employees to step down from the helm of Facebook-owned companies. Zuckerberg ally Chris Cox, who leads product development for Facebook's main app, gained oversight of WhatsApp and Instagram, which had been given independence when Facebook bought them. [Full Article...]

Michael Kors close to buying Versace for $2.4B

Michael Kors close to buying Versace for $2.4B A spokesman for Blackstone had no comment. French fashion houses including Paris-based Kering were among those holding talks with the Versace family, the sources said, but considered the price too expensive. Corriere della Sera reported earlier that Versace could be sold this week for about $2 billion, with several groups interested including Kors and Tiffany & Co LVMH, PVH Corp and Tapestr... [Full Article...]

Six Flags St. Louis Offers Perks for Customer Coffin Time

Six Flags St. Louis Offers Perks for Customer Coffin Time The coffins have been outfitted with phone charging stations, so inhabitants can Instagram their experiences from the other side. During this year's Fright Fest, Six Flags St. Their coffin! That's right - the handcrafted coffin is yours to keep! To be considered for the challenge you must submit a registration application before midnight, October 3. [Full Article...]

ABC sacks Michelle Guthrie as Managing Director

ABC sacks Michelle Guthrie as Managing Director David Anderson , the ABC director of entertainment and specialist, will serve as acting managing director until a formal search process finds Ms Guthrie's successor. But others have a different view of Ms Guthrie's legacy. Multiple editorial complaints were lodged by the Prime Minister's Office and by Communications Minister Mitch Fifield during Ms Guthrie's tenure. [Full Article...]

President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers

President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers The advertising targets a state critical to Trump and Republicans as the trade war between the world's two largest economies intensifies. The two countries have already slapped tariffs on $50 billion worth of each other's goods earlier this year. [Full Article...]

Iran says oil to rise as Saudi, Russia do 'little and late'

Iran told OPEC its production had been steady in August at 3.8 million barrels per day. Trafigura Group co-head of oil trading Ben Luckock sees $90 oil by Christmas and $100 in early 2019. Washington has already implemented financial sanctions against Iran and it plans to target the country's oil exports from November 4, putting pressure on other countries to also cut Iranian crude imports. [Full Article...]

Porsche says bye bye to diesel engines

The German manufacturer says it'll concentrate on petrol, electric and hybrid engines. You've not been able to buy a new diesel Porsche since February, when the company quietly halted sales of the Panamera 4S Diesel - once the world's fastest oil-burner - and Macan S Diesel amid falling sales and the introduction of stricter emissions testing. [Full Article...]

India engages with US to ensure energy security amid Iran sanctions

India engages with US to ensure energy security amid Iran sanctions With the approach of United States sanctions, Japanese refiners have stepped up alternative crude imports from the Middle East and elsewhere. Currently, India pays its third largest oil supplier in euros using European banking channels. The US has told India and other countries to cut oil imports from the Gulf nation to "zero" by November 4 or face sanctions. India has also offered to cut its oi... [Full Article...]

Trump demands OPEC lower oil prices: 'We will remember'

Trump demands OPEC lower oil prices: 'We will remember' Investors are also turning their focus to Sunday's OPEC meeting with allies for clues on whether the group will boost output again after President Donald Trump called on the cartel to rein in prices. For this year's April-to-September driving season, the Energy Information Administration expects United States petrol prices to be up 19% from a year ago, mostly because of expectations for high... [Full Article...]

OPEC chief: Cartel must stay together as US sanctions Iran

OPEC chief: Cartel must stay together as US sanctions Iran Saudi Arabia has mentioned several times recently that they have no desire to push oil prices over $80/barrel, a move higher may be unavoidable as U.S. Yesterday, Russian Energy Minister Alexander Novak said all possible scenarios for oil output could be discussed at a meeting of OPEC and non-OPEC states in Algeria this month. [Full Article...]

Audi launches electric SUV in Tesla's backyard, with help from Amazon

Audi launches electric SUV in Tesla's backyard, with help from Amazon Electrify America will eventually set up thousands of high-speed chargers, including more than 800 at WalMart outlets, as well as Level 2 systems. A new generation of the quattro drive, the electric all-wheel drive, ensures excellent traction and dynamics. [Full Article...]

Pressure problem: 30 passengers fall ill on India flight

Pressure problem: 30 passengers fall ill on India flight As per their preliminary examination by ENT doctors, the five passengers suffered "barotrauma" of ear, which is caused due to a change in air pressure, said Rajendra Patankar, chief operating officer at the hospital. 20, 2018 in this still image obtained from social media. "The crew announced that the plane will return.it then circled half-an-hour before landing". [Full Article...]


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