Business

Would Liam Fox eat a chlorine-washed chicken?

Would Liam Fox eat a chlorine-washed chicken? Chlorine-washed chicken has been dominating the headlines over the last few days, after International Trade Secretary Liam Fox arrived in Washington to open talks on a potential trade deal with the US. While Fox said the agenda can be pushed forward with the USA, the same can't necessarily be said for negotiations with the EU. But divisions over the citizens' rights and other issues persist. [Full Article...]

New York Times Still Wants An Apology For 'Malicious' Fox News Segment

New York Times Still Wants An Apology For 'Malicious' Fox News Segment The Associated Press reports on an epic conflict from the world of journalism: "No apology from Fox in its battle with The New York Times ". The dispute between the news outlets was magnified by White House attention. The clarification was not sufficient for Rhoades Ha, who said it "wasn't an apology ". Hegseth said the Times "is not just failing in its credibility". [Full Article...]

BMW denies reports of emission manipulation

BMW denies reports of emission manipulation The German auto-makers have more stuff to worry about now, with reports suggesting that they are under investigation for having colluded as part of one of the biggest cartels in history. European Union commissioner for industry, Elzbieta Bienkowska has written to Europe's transport ministers threatening to ban diesel vehicles unless these are cleaned up by the year end, Germany's Sueddeutsche Zeit... [Full Article...]

International Monetary Fund downgrades United Kingdom growth while European rivals surge

International Monetary Fund downgrades United Kingdom growth while European rivals surge By contrast, the DC-headquartered fund revised up its growth projections for a number of key euro area countries, including France, Germany , Italy and Spain , based on stronger performance in the first three months of the year. The temporary negative consumption shock induced by cash shortages and payment disruptions from the recent currency exchange initiative resulted in a modification of the... [Full Article...]

Nifty Inches Closer to 10000-Mark, Sensex Over 150 Points up

Nifty Inches Closer to 10000-Mark, Sensex Over 150 Points up All the sectoral indices, led by IT, oil & gas, bank and PSU, were trading in the positive zone with gains up to 0.51 percent. According to market observers, investors' sentiments were boosted by hopes of healthy quarterly results from index heavyweights such as Ambuja Cements and HDFC Bank, and buying in consumer durables, banking and FMCG stocks. [Full Article...]

Oil prices rally to session highs after Saudis pledge to cut exports

Oil prices rally to session highs after Saudis pledge to cut exports According to report, Nigeria's crude oil production had been stuck on 1.8 million barrel per day and has now recorded an additional 200,000 barrels per day. Prices have trended downward as a result. In its economic report for May, CBN said the external sector weakened in the month under review due to the decline in crude oil prices from an average of $52.90 per barrel in April 2017 to $51.04 per... [Full Article...]

Kentucky's jobless rate rises slightly in June

Kentucky's jobless rate rises slightly in June Texas added 319,000 jobs in the past 12 months, while California tacked on 261,000 new positions. And as for the employment-population ratio, it came in at 78.5 percent in June of this year compared to 80.1 percent in February 2007. Today, the labor force participation rate (i.e., the civilian labor force as a share of the civilian noninstitutional population) is 62.8 percent. Mining and logging... [Full Article...]

CAF moves AFCON to June/July

CAF moves AFCON to June/July This was passed by the CAF Executive Committee at the ongoing symposium in Rabat, Morocco. Players have previously been caught between duty for their national team and clubs that employ them. To put it in perspective, how many people, including Africans, would switch to the AFCON if their countries are not involved, especially when the European leagues are on? Hosting could also become more re... [Full Article...]

Elon Musk Claims Verbal OK for Underground Hyperloop

Elon Musk Claims Verbal OK for Underground Hyperloop His series of tweets indicate that while The Boring Company , the infrastructure and tunneling company that Musk founded, received "verbal" government approval , there are still steps to be made before getting formal approval. Musk teased the idea of combining two of his current projects - the fast-moving rail system known as the hyperloop , and the underground tunnels he's now digging... [Full Article...]

Why General Electric Earnings Won't Move the Needle Much

Why General Electric Earnings Won't Move the Needle Much Friday reported dip in second-quarter profit and revenue on lackluster performance from its energy connections unit. Shares fell 3% in early trading to $25.83, leaving the price about 18% below where it started the year. Industrial orders - which give a glimpse at future demand for equipment like jet engines, power turbines and oil-related equipment - rose 6% in the quarter, driven by strength i... [Full Article...]

Lyft plans to build own self-driving tech to rival Uber & Google

Lyft plans to build own self-driving tech to rival Uber & Google The company is opening a new self-driving research facility in Palo Alto, CA. over the next few weeks, Lyft announced today . The announcement comes after Lyft earlier this year introduced what it calls "the world's first open self-driving platform". [Full Article...]

Asian Shares Fly High on Thursday

Asian Shares Fly High on Thursday But utility and financial shares were lower. Wall Street's S&P 500 , Dow Jones and Nasdaq markets also looked set to squeeze out slim gains, even as bond yields - the key driver of global borrowing costs - edged higher again. It eventually pulled back though to trade at US$0.7909 in Europe . Germany's DAX gained 0.7 percent to 12,534. Bond yields across the bloc fell 2-7 basis points, le... [Full Article...]

Rosenstein: Justice Department Employees Have "Obligation" To Keep Memos Confidential

Rosenstein: Justice Department Employees Have Pressed on whether he'd prohibit the release of these types of memos, the deputy AG said: "I think it's quite clear". When asked by MacCallum if he would ever consider re-opening the investigation, Rosenstein answered "every decision we make ... [Full Article...]

Canadian company buys Avista Corp. for $5.3 billion

Canadian company buys Avista Corp. for $5.3 billion Schmidt added: "The strength of the combined company enables the accelerated deployment of innovation programs and infrastructure upgrades for the benefit of customers while continuing to deliver on shareholder expectations for consistent, healthy, financial performance". [Full Article...]

BT Group PLC (BT) Raised to "Buy" at ValuEngine

BT Group PLC (BT) Raised to About 16 shares traded. It has underperformed by 5.87% the S&P500. The firm earned "Buy" rating on Friday, July 31 by Swedbank. The firm has a market capitalization of $40.19 billion, a P/E ratio of 16.52 and a beta of 1.04. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. It has a 35.41 P/E ratio. The Company's divisions include Growth Markets, USA, Re... [Full Article...]

Alpha Bay, Hansa taken down in coordinated global cybercrime operation

Alpha Bay, Hansa taken down in coordinated global cybercrime operation The creator and administrator of AlphaBay was arrested in Thailand on 5th July, while Hansa was officially taken over on 20 July following a series of arrests and the seizures of servers in Germany, the Netherlands and Lithuania. Deputy Attorney General Rosenstein said administrators and users of dark web sites are using anonymizing techniques and large-scale networks create challenges. [Full Article...]

Wednesday's Biggest Winners and Losers in the S&P 500

Wednesday's Biggest Winners and Losers in the S&P 500 The S&P 500 gained 2.78 points, or 0.11 per cent, to 2,476.61. The Nasdaq composite advanced 0.36 percent and also notched a record high. But IBM sank 4.2 percent after suffering its 21st straight quarter of declining revenue as second-quarter net income dipped seven percent to $2.3 billion. [Full Article...]

Sears will sell Kenmore products on Amazon

Sears will sell Kenmore products on Amazon The heritage denim brand has fully accepted the digital age. "These are people over 50 who live in the suburbs - a demographic Amazon has never done well with", said Lee Peterson, executive vice president of brand, strategy and design for WD Partners. [Full Article...]

Banks set ablaze after Policeman Allegedly killed 3 Trailer Drivers in Apapa

Banks set ablaze after Policeman Allegedly killed 3 Trailer Drivers in Apapa It was gathered that the firemen had to leave the area for fear of being brutalised by the tanker drivers and their fire trucks vandalised. The bank said: "An armed mobile policeman fleeing from an irate mob after shooting a tanker driver disrupted banking operations at the Sterling Bank branch on Creek Road this morning". [Full Article...]

Saudi-led air strikes kill at least 20 people in Yemen

Saudi-led air strikes kill at least 20 people in Yemen Geneva - At least 20 civilians have been killed in an airstrike in Yemen, the UN Refugee Agency (UNHCR) reported on Wednesday, as it highlighted the threat to internally displaced people in the war-torn country. On Tuesday, the Riyadh regime prevented the United Nations flight from taking off from Djibouti to the Yemeni capital of Sana'a, which is now under the control of Houthi Ansarullah movemen... [Full Article...]


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