Business

New Saudi energy minister says country wants to enrich uranium

New Saudi energy minister says country wants to enrich uranium In March, Reuters reported the USA has already approved the sale of nuclear power technology to the Saudi kingdom. Saudi officials, however, have said they wouldn't agree to a deal that denies them the possibility of enriching uranium or reprocessing spent fuel, which could lead to a nuclear bomb. [Full Article...]

Facebook's cryptocurrency Libra needs ‘highest regulatory standards,' Fed Chair Powell says

Facebook's cryptocurrency Libra needs ‘highest regulatory standards,' Fed Chair Powell says Powell was also asked about a Bloomberg Opinion column published last week by former New York Fed chief Bill Dudley, which suggested that the Fed reject interest-rate cuts that would shield the economy from Trump's trade policies, and help his prospects for re-election in 2020. [Full Article...]

It became known as the Twitter trump's impact on the market

It became known as the Twitter trump's impact on the market When Donald Trump first tweeted in 2009, it was to harmlessly publicise his upcoming appearance on a late-night TV show. "The president has produced more than 10,000 tweets since taking office, at a pace that has accelerated in recent months". [Full Article...]

Unemployment rate remains at 3.7% as 130K jobs added in August

Unemployment rate remains at 3.7% as 130K jobs added in August Employment in federal government rose, "largely reflecting" the hiring of temporary workers for the 2020 Census, it said. A year ago, the black unemployment rate stood at 6.6 percent while the white unemployment rate was 3.4 percent, meaning black unemployment was 185 percent of white unemployment. [Full Article...]

Tory Minister says Boris Johnson 'will resign rather than sign Brexit extension'

Tory Minister says Boris Johnson 'will resign rather than sign Brexit extension' Johnson's determination to lead Britain out of the European Union on October 31 come hell or high water is facing strong opposition from lawmakers, including members of his own Conservative Party who oppose to a no-deal Brexit . He told Parliament there was "real momentum" in negotiations with the EU, but European officials deny this and say Britain has yet to produce any concrete proposals. [Full Article...]

Boris Johnson's Brother Resigns From U.K. Parliament Over Brexit

Boris Johnson's Brother Resigns From U.K. Parliament Over Brexit Almost 60 percent of the newly-registered voters are under the age of 35, giving hope to the Labour Party that the surge in registrations is closely linked to widespread outrage over Johnson's push for the U.K.to leave the European Union by the end of October, with or without a deal. [Full Article...]

Hong Kong withdraws extradition bill that sparked protests

Hong Kong withdraws extradition bill that sparked protests Hong Kong stocks jumped, led by property developers, after news reports said Lam will formally withdraw the extradition bill that's sparked months of protests . "We have people from all parts of society behind us", a Chinese University of Hong Kong (CUHK) student said on Monday. In her pre-recorded message Ms Lam also announced other measures that appeared to be created to soothe unrest. [Full Article...]

Man sues Popeyes for running out of chicken sandwiches

Man sues Popeyes for running out of chicken sandwiches The employee locked the doors to control the mob when they attempted to enter the restaurant. Craig Barr's suit alleges "false advertising" and "deceptive business practices", NBC News reported . "I can't get happy; I have this sandwich on my mind". With no sandwich in sight, Barr said had just about enough, claiming that the drive to multiple restaurants caused a flat tire and damaged his ve... [Full Article...]

Boris Johnson loses majority ahead of no-deal Brexit showdown

Boris Johnson loses majority ahead of no-deal Brexit showdown If lawmakers are granted control of the parliamentary business, they will seek on Wednesday to pass a law that would force Johnson to ask the European Union to delay Brexit for three months until January 31, 2020 unless he has a deal approved by parliament, or parliament agrees to a no-deal Brexit. [Full Article...]

Bugatti Chiron shatters speed record at more than 300 miles per hour

Bugatti Chiron shatters speed record at more than 300 miles per hour With British racing legend Andy Wallace at the wheel, a tuned Chiron Sport hit a top speed of 304.77mph (490.47 km/h) at a test track in Germany, beating the previous record by nearly 27mph. Inside, the high-speed Chiron has been stripped of a passenger seat, replaced with myriad computer systems. A bucket seat and full roll cage were also installed to keep the driver safe. [Full Article...]

Category 3 storm finally starts to track away from Bahamas

Category 3 storm finally starts to track away from Bahamas After spending days as a tropical storm, Dorian strengthened into a hurricane on Wednesday and made landfall in the Bahamas as a Category 5 on Sunday night. NASA satellite imagery through Monday night showed spots in the Bahamas where Dorian had dumped as much as 35 inches (89 centimeters) of rain, said private meteorologist Ryan Maue. [Full Article...]

Walmart to stop selling handgun ammunition

Walmart will stop selling handguns and certain types of ammunition, and will no longer allow customers to openly carry firearms. A Walmart spokesman did not immediately respond to a question about what stores would do if a customer defied the company's request not to openly carry a gun. [Full Article...]

United Kingdom factory output dives to seven-year low as Brexit fears rise

United Kingdom factory output dives to seven-year low as Brexit fears rise Slowing economy and rise in input costs pulled India's August manufacturing Purchasing Managers Index (PMI) to a 15-month low. The reading followed Beijing's official PMI that showed factory activity shrank in August for the fourth month in a row, pointing to a further slowdown in the world's second-largest economy. [Full Article...]

Florida waits for turn north as Category 5 storm batters Bahamas

Florida waits for turn north as Category 5 storm batters Bahamas As of 7 a.m., Dorian was about 40 miles east of Freeport in the Bahamas and 115 miles from West Palm Beach, Florida. "We can walk faster than that", Osterberg said. The governors of Georgia and SC have ordered mandatory evacuations of their states' coastal areas as of noon Monday. Governor Ron DeSantis suspended tolls on Florida's Turnpike, and some other toll roads across the state. [Full Article...]

China trade comments boost Wall Street at open

China trade comments boost Wall Street at open By midday, the Dow Jones Industrial Average was trading 350 points higher, or 1.4 percent. The S&P 500 on Friday edged up 1.88 points, or 0.1 percent, to 2,926.46, jumping 2.8 percent from a close of 2,847.11 on August 23. Advancing issues outnumbered declining ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favoured advancers. The S&P 500 gained 79.35 points, or 2.8%. [Full Article...]

Hurricane Dorian's 200 miles per hour wind gusts the 'strongest' recorded in northwestern Bahamas

Hurricane-force winds extend outward up to 30 miles (45 km) from the centre, and tropical-storm-force winds extend outward up to 105 miles (165 km). Videos from residents on Great Abaco showed wind bending trees and heavy rain washing out the horizon as thigh-high water flooded an apartment complex. [Full Article...]

Evacuations begin in Bahamas as Category 4 Dorian bears down

Evacuations begin in Bahamas as Category 4 Dorian bears down The storm is forecast now to make landfall in the southeastern portion of SC near the border with Georgia . The NHC said Dorian was packing maximum sustained winds of 150 miles per hour (240 kph) and was expected to hit the northwest Bahamas islands on Sunday , nearing Florida's east coast late Monday through Tuesday. [Full Article...]

Tibetans hold protest in solidarity with Hong Kong in New Delhi

Tibetans hold protest in solidarity with Hong Kong in New Delhi After an appeal to hold the rally was rejected , Bonnie Leung of the avowedly peaceful CHRF said "no option but to cancel the march tomorrow". But when, or will, they intervene? Man-kei Tam, director of Amnesty International Hong Kong , called the latest arrests and the ban on Saturday's rally "scare tactics straight out of Beijing's playbook". [Full Article...]

Mega bank mergers: Govt attempts a googly to tackle bad loans

Mega bank mergers: Govt attempts a googly to tackle bad loans As a part of the merger, Punjab National Bank ( PNB ) will be merging with Oriental Bank and United Bank which will be the second largest public sector bank in India. Among others, United of Bank of India has a net NPA 8.67 percent as on 31 March, PNB 6.55 percent, Oriental Bank of Commerce 5.93 percent, Canara Bank 5.37 percent, Syndicate 6.16 percent, Union Bank 6.85 percent. [Full Article...]

PNB, Oriental Bank and United Bank to be merged: FM Nirmala Sitharaman

PNB, Oriental Bank and United Bank to be merged: FM Nirmala Sitharaman The merger between Union Bank of India, Andhra Bank and Corporation Bank shall become the fifth largest public sector bank now whereas Indian Bank amalgamation with Allahabad Bank will be the seventh-largest Public Sector Bank with a business amounting to Rs 8.08 lakh crores. [Full Article...]


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