Business

UK's May denies good-news budget signals an early election

UK's May denies good-news budget signals an early election Beginning in 2020, the tax would be assessed on " digital services companies" that register minimum annual revenues of £500 million ($640 million) globally. Amazon was down 9 per cent, touching six-month low, while Google was off 5.5 per cent and Facebook was trading lower 3.5 per cent. The tax would only apply to profitable companies, but could be abolished if members of the Organisation fo... [Full Article...]

RBI governor may consider resigning after rift with govt

RBI governor may consider resigning after rift with govt The law cited by the government is Section 7 (1) of the Reserve Bank of India Act, said sources. It said the government had sent letters to the RBI governor in recent weeks exercising powers under section 7 of the RBI Act on issues ranging from liquidity for non-bank finance companies, capital requirements for weak banks and lending to small- and medium-sized companies. [Full Article...]

Trump To Hold Rally In Escambia County This Week

Trump To Hold Rally In Escambia County This Week The report by the Center for Responsive Politics , which tracks campaign money, found that candidates and allied groups have spent $4.7 billion so far and will probably exceed $5.2 billion by the time the election season ends. "I don't think the math adds up for a change". US President Donald Trump and his team is leaving no stone unturned to campaign in favour of his Republican party ahe... [Full Article...]

Turkey warns Saudi Arabia against stalling Jamal Khashoggi murder probe

Turkey warns Saudi Arabia against stalling Jamal Khashoggi murder probe In a moving tribute to Khashoggi - who was killed at the Saudi consulate in Istanbul on October 2 - Cengiz called on the worldwide community to ensure there is no cover-up of his murder. The US relies heavily on Saudi Arabia to counter Iran's influence in the region and to defend the security of Israel. Leading a coalition of its allies, including the United Arab Emirates, Morocco, and Sudan, ... [Full Article...]

FBI Conducting Criminal Investigation Into Tesla

FBI Conducting Criminal Investigation Into Tesla Tesla blew away expectations with just the third quarter of positive earnings in its history, bolstering Elon Musk's bid to make selling electric cars a financially sustainable business. Tesla reported a record quarterly profit this week as the production of its Model 3 vehicles ramped up, this caused a boost in Tesla's stock despite the company facing a series of production delays only a fe... [Full Article...]

Weak soybean exports seen slowing USA third quarter growth

Weak soybean exports seen slowing USA third quarter growth That estimate seems right on track: the economy has grown by an average of 3.2 percent in the first three quarters of 2018. It marked a slowdown from the 4.2 per cent pace in the second quarter, but was better than the 3.3 per cent expansion economists had predicted. [Full Article...]

Chinese Bank Stops Iranian Oil Transactions Ahead of US Sanctions

Chinese Bank Stops Iranian Oil Transactions Ahead of US Sanctions Great earnings from oil companies like ConocoPhillips don't matter after Amazon misses, rising fears about a global economic slowdown. USA crude oil production C-OUT-T-EIA has risen steadily over the past decade and hit a record high of 11.2 million barrels per day (bpd) this month. [Full Article...]

IBM set to acquire North Carolina-based Red Hat in $34B deal

IBM set to acquire North Carolina-based Red Hat in $34B deal It changes everything about the cloud market", said Ginni Rometty, IBM Chairman, President and Chief Executive Officer. The deal is the result of a 20 year partnership, as IBM has long helped Red Hat develop and bring cloud solutions to customers. [Full Article...]

How major United States stock indexes fared Wednesday

How major United States stock indexes fared Wednesday There have also been disappointing quarterly earnings from several big-name companies, worldwide condemnation of Saudi Arabia - a major oil producer - over the killing of journalist Jamal Khashoggi, and concerns that the US-China trade war is causing the global economy to slow down. [Full Article...]

We ran out of words to describe how rich the richest are

We ran out of words to describe how rich the richest are What's more, 332 billionaires were minted in 2017, a rate of nearly a person-per-day joining the three-comma club. The report , jointly published by UBS Global Wealth Management and consultancy firm PricewaterhouseCoopers, was titled " New Visionaries and the Chinese Century ", in which Chinese entrepreneurs are hailed as the "vanguard of a new industrial revolution". [Full Article...]

Tesla, other domestics falter in 2018 Consumer Reports reliability survey

Tesla, other domestics falter in 2018 Consumer Reports reliability survey The Chevrolet Cruze earned high enough marks from consumers to make the list of Consumer Reports' recommended models. Ford Motor . Ford is down three spots from previous year at No. "Time and again, our consumers tell us that reliability is what matters most when it comes to choosing a vehicle", said Marta Tellado, CEO of Consumer Reports . [Full Article...]

Mega Millions $1.6-billion winning lottery ticket sold in SC

Mega Millions $1.6-billion winning lottery ticket sold in SC With Mega Millions officials expecting 75 percent of combinations to be sold for Tuesday night's billion dollar drawing, it's little surprise that at least one victor has been announced. They'll take home $36.8 million a year for 30 years, or a lump sum of $624.381 million cash out of the $1.6 billion lottery total. 11 tickets sold in the Tar Heel State matched all five numbers, but missed the... [Full Article...]

Google sacks 48 people for sexual harassment

Google sacks 48 people for sexual harassment The Times' investigation revealed that Google had hushed up sex charges against some of its most senior employees - including Rubin, the so-called "father of Android " - and then paid them millions of dollars to go away. Rubin, responding to the story, said it is wrong on a number of counts. Rubin left the company in 2014 with what the newspaper described as a "hero's farewell". [Full Article...]

How man's broken hip led to him winning major lotto prize

How man's broken hip led to him winning major lotto prize Livingston's nieces say their uncle is thrilled and filled with gratitude. "As excited as we were and in the process of congratulating everyone, we never lost sight of what was important", Kraemer said, "which is to care for our patients, and make them feel important". [Full Article...]

Tesla's Musk Says Company Focusing on What's Next

Tesla's Musk Says Company Focusing on What's Next Tesla is in no danger of going bankrupt. One of the reasons it will have only one visual display is to make manufacturing easier and further reduce the amount of wiring used in the vehicle . "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". [Full Article...]

Abe calls for steady development of ties with China

Abe calls for steady development of ties with China Even as China's impression of Japan has recovered from the 2012 crisis, thanks partly to tourism, the Japanese have remained wary. Japanese investment in the country shrank as political relations chilled for a period and only started to truly recover until previous year. [Full Article...]

US Fed's vice chair backs further rate hikes

US Fed's vice chair backs further rate hikes They explain the interest rate was kept at historic lows under Obama to help the economy recover from the Great Recession, which began about a decade ago. The Dow Jones Industrial Average rose 400 points, or 1.6 percent, while the S&P 500 gained 1.9 percent, and the Nasdaq surged 3.0 percent. Many believe the Fed policy is based on outdated theories. [Full Article...]

Central Intelligence Agency chief briefs Trump on Khashoggi probe after Turkey trip

Central Intelligence Agency chief briefs Trump on Khashoggi probe after Turkey trip After the journalist disappeared, Saudi Arabia initially insisted Khashoggi had walked out of the consulate after visiting the building on October 2. Mr Khashoggi's brother, Sahel, was also invited to a meeting at the Yamama Palace in Riyadh where the king and Crown Prince Mohammed bin Salman expressed their condolences. [Full Article...]

Public Prosecutor: Turkish report says Khashoggi killing was premeditated

What was left unclear was who premeditated the killing. Prosecutors are interrogating suspects on the basis of information provided by a joint Saudi-Turkish task force, the al-Ekhbariya report said. "It is a disgrace that reaches all the way to Crown Prince [Mohammed bin] Salman". "He's running things and so if anybody were going to be, it would be him". [Full Article...]

Gains Wiped Out: Dow Falls 608 Points as October Losses Mount

Gains Wiped Out: Dow Falls 608 Points as October Losses Mount The Nasdaq Composite dropped 4.63% into correction territory as a broad sell-off pummeled the index, with chipmakers among the biggest losers. The Russell 2000 index of smaller-company stocks gave up 12.91 points, or 0.8 percent, to 1,526.59. [Full Article...]


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