Business

Drunk Japanese pilot arrested at Heathrow Airport

Drunk Japanese pilot arrested at Heathrow Airport Singapore Airlines also hit the news after one of its pilots failed a blood alcohol test in Melbourne and prompted the cancellation of two flights. Katsutoshi Jitsukawa, 42, had nearly 10 times more than the legally permitted amount of alcohol in his bloodstream when he was arrested, CNN quoted the Metropolitan Police as saying on Thursday. [Full Article...]

Trump, Xi upbeat on US-China trade; US targets more Chinese firms

Trump, Xi upbeat on US-China trade; US targets more Chinese firms Trump said trade talks were "moving along nicely" and that meetings were "being scheduled" at the G20 summit in Buenos Aires. On Thursday, the USA accused a Chinese state-owned company of conspiring to steal trade secrets of U.S. Although U.S. -China relations have been rocky, Keqiang said he is optimistic both nations can work together in the spirit of mutual respect. Just after the upbeat re... [Full Article...]

Oil prices pulled down by surging output, but Iran sanctions loom

Oil prices pulled down by surging output, but Iran sanctions loom Already, through its pressure campaign, the USA has managed to reduce Iran's oil exports from 2.7 million to 1.6 million barrels a month, according to internal US estimates. Bloomberg reported that close United States allies South Korea and Japan had received waivers along with India, which relies heavily on supplies from Iran. [Full Article...]

Trump administration to block Chinese chip maker from American businesses

Trump administration to block Chinese chip maker from American businesses The limits announced Monday reflected official concern Chinese competition might drive some American technology suppliers out of business and leave the United States without sources of components needed by the military. ZTE, which failed to comply with stipulations after violating the sanctions placed on Iran and North Korea, was allowed to resume purchases of USA products after a revised settleme... [Full Article...]

US Sanctions On Oil Exports Not Impacting Us: Iran

US Sanctions On Oil Exports Not Impacting Us: Iran Brent crude oil futures were down 8 cents, to $77.54/Bbl at 1:38 p.m. ET, dropping roughly 6.3% this month, and threatening to post the worst decline also since July 2016. The U.S. dollar index .DXY also rose , supported by robust U.S. consumer spending data. Crude oil futures fell Monday as investors reduced exposure, extending weakness that started a week ago amid increased investor caution i... [Full Article...]

India Jumps 23 Places On World Bank’s Ease Of Doing Business Index

India Jumps 23 Places On World Bank’s Ease Of Doing Business Index Last year India was ranked 100 in the list. "The ultimate objective is to go to the top of the list", he added. These parameters include ease of starting a business, construction permits, getting electricity, getting credit, paying taxes, trade across borders, enforcing contracts and resolving insolvency. [Full Article...]

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...]


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