Economy

Economy Saudi Crown Prince extends his condolences to family of late Jamal Khashoggi
Author: 0 Saudi Crown Prince extends his condolences to family of late Jamal Khashoggi

A Saudi friend of Khashoggi told The Associated Press that Khashoggi's son, Salah, has been under a travel ban since a year ago as a result of his father's criticism of the kingdom. The same man was seen in Khashoggi's clothing, according to the Turkish case, at the city's world-famous Blue Mosque just hours after the journalist was last seen alive entering the consulate on October 2.

Economy Migrant caravan resumes march to the U.S.
Author: 0 Migrant caravan resumes march to the U.S.

Migrants marched on through Mexico shouting slogans like " Si se pudo! " or "Yes, we could!" Mexican immigration authorities said they had allowed some 1,028 migrants through the official border crossing in Ciudad Hidalgo near the bridge spanning the Suchiate River over the past three days.

Economy Porsche Mission E Cross Turismo will go serial
Author: 0 Porsche Mission E Cross Turismo will go serial

It's possible we see both given Porsche's penchant for launching multiple derivatives of a single product line. While an all-electric Macan is still yet to be officially announced by the automaker, it is now certain that it will mass-produce a second electric sports auto: the Mission E Cross Turismo , which was first presented as a concept vehicle at the Geneva Motor Show in March 2018.

Author: 0 Pensioner 'depressed' after racial abuse on Ryanair flight

Although a fellow passenger and a flight attendant tried to intervene and calm the man down, he replied that he would carry on as far as possible with "this ugly black bastard". Ryanair said the issue has been reported to police and they can not comment any further. The Labour MP for East Hull and shadow attorney general, Karl Turner , tweeted: "He should have been removed from the flight and handed over to the police".

Economy Apple CEO Tim Cook asks Bloomberg to Retract Spy Chip Story
Author: 0 Apple CEO Tim Cook asks Bloomberg to Retract Spy Chip Story

Chief Executive Tim Cook took an extraordinary step of publicly demanding the retraction of a Bloomberg News story that claimed compromised motherboards made their way into Apple servers. None of those servers has ever been found to hold malicious chips. In an unusual move, Tim Cook has stated yet again that " there is no truth in their story about Apple ".

Economy In 3 days, fuel prices come down by 87 paise
Author: 0 In 3 days, fuel prices come down by 87 paise

In Delhi, petrol was priced at Rs 82.62 per litre (decrease by Rs 0.21) while the price of diesel was at Rs 75.58 per litre (decrease by Rs 0.11). Petrol price was cut by 25 paise a litre and diesel by 17 paise, according to the price notification of state-owned oil firms.

Economy Trading summary of Watch List active stock - The Walt Disney Company (DIS)
Author: 0 Trading summary of Watch List active stock - The Walt Disney Company (DIS)

Hudock Capital Group LLC raised its stake in shares of Walt Disney by 58.4% in the 2nd quarter. Over the last 90 days, insiders have sold 599,701 shares of company stock valued at $69,049,384. The company has a total of 1.49 Billion shares outstanding. The current ratio and the debt ratio are the two ratios that show the investor how quickly the company is able to payout its debt and how quickly it can cover its obligations.

Economy Chapelfield owners Intu made increased offer of £2.8bn in takeover talks
Author: 0 Chapelfield owners Intu made increased offer of £2.8bn in takeover talks

On 17 October, Intu received a revised indicative proposal of 215p per share. Peel Group, which is owned by Intu deputy chairman John Whittaker, already holds a 26 per cent stake in the company. However, in a note to clients, analysts at Liberum Capital said they struggle to see how the Intu Board will be able to recommend a cash offer below 239p.

Economy 3.5 lakh dollar millionaires own 438 lakh crores in India, says report
Author: 0 3.5 lakh dollar millionaires own 438 lakh crores in India, says report

Singapore's wealth per adult has increased more than 146 per cent since 2000, mainly from high savings, asset price increases and a rising exchange rate from 2005 to 2012. "There is still considerable wealth poverty, reflected in the fact that 91 per cent of the adult population has wealth below United States dollars 10,000", the report said.

Economy China not manipulating currency but lacks transparency
Author: 0 China not manipulating currency but lacks transparency

All three main Wall Street indexes ended negative - a day after chalking up their best day in more than six months - with below-par earnings denting sentiment. These include starting talks while limiting export finance for US-China trade, halting government purchases, blocking any potential trade agreement and directing the International Monetary Fund to carry out "additional rigorous surveillance".

Economy With No Mega Millions Winner, Jackpot Climbs to $1.6 Billion
Author: 0 With No Mega Millions Winner, Jackpot Climbs to $1.6 Billion

No one won the latest Mega Millions drawing, meaning the jackpot climbs to a staggering $1.6 billion. Should Tuesday produce a victor, it will be the largest prize in USA history - and the sum is likely to grow even larger before the draw as excitement around the record-breaking cash prize tempts more people to play.

Economy Clashes, violence as thousands of migrants storm Mexico border
Author: 0 Clashes, violence as thousands of migrants storm Mexico border

Migrants exhausted of waiting to cross into Mexico , jumped from a border bridge into the Suchiate River, in Tecun Uman, Guatemala, Oct. 19, 2018. Tension was palpable in Ciudad Hidalgo, a tiny tropical village in Mexico surrounded by rain forest and banana plantations that borders Tecun Uman in Guatemala, with the two towns separated by a muddy river.

Economy Passengers stranded as Cypriot budget airline Cobalt cancels all flights
Author: 0 Passengers stranded as Cypriot budget airline Cobalt cancels all flights

But late on Wednesday night, its website was abruptly replaced with a single-page statement announcing the cancelation of all of its flights from 23:50 pm. The minister confirmed the airline was struggling but had informed authorities it was looking for funding. She said: "We thought it would be easier and less stress getting married overseas but it's a nightmare".

Economy Oil prices tumble as USA crude inventories surge
Author: 0 Oil prices tumble as USA crude inventories surge

Nearby futures prices have fallen much more heavily than contracts with longer to run before expiry, shifting the entire futures curve from a steep backwardation closer to flat. "Houston's importance as a trading and export hub for physical crude oil from Cushing and the Permian Basin continues to evolve due to the shale oil revolution and repeal of the crude oil export ban", Peter Keavey, CME Group Global Head of Energy, said in September.

Economy Facebook Facing Another Lawsuit Over Allegedly Misleading Advertising Claims
Author: 0 Facebook Facing Another Lawsuit Over Allegedly Misleading Advertising Claims

Crowd Siren, a Las Vegas marketing agency that is one of the plaintiffs in the lawsuit , now claims that Facebook knew as early as 2015 that it was over-reporting the figures. Facebook said the calculations were fixed, and downplayed the importance of that metric . Facebook has made video central to its growth for years, convincing advertisers and media organizations alike that they should redirect investment to video content.

Economy National & World News, Major London rail hub suffers disruption
Author: 0 National & World News, Major London rail hub suffers disruption

We strongly advise customers to only travel if necessary in the Thames Valley area, and to check carefully before traveling elsewhere as long distance journeys are likely to be affected. TfL rail services are suspended until at least 2pm, and a rail replacement bus service is operating between Paddington and London Heathrow. GWR is investing £500m in the new fleet delivered by Hitachi which will replace the operator's high-speed rolling stock by the end of next year.

Economy Facebook tentatively concludes spammers were behind recent data breach
Author: 0 Facebook tentatively concludes spammers were behind recent data breach

The Journal reported Thursday that the hack was committed by a group of Facebook and Instagram spammers who have been associated with a digital marketing company. In addition to Facebook , the Federal Bureau of Investigation and the privacy watchdog in Ireland, where the company's global headquarters is located, also investigate the case.

Economy Mega Millions ticket sold in Elizabethtown matches $1M prize
Author: 0 Mega Millions ticket sold in Elizabethtown matches $1M prize

Mega Millions tickets are sold in 44 states plus the District of Columbia and the U.S. Virgin Islands. Jackpot prizes must be claimed within 60 days of the winning jackpot draw to receive the lump-sum payment. Someone could win $420 million. There was no victor in Wednesday's Powerball drawing , pushing Saturday's jackpot to $253 million. The odds of winning "scratchers" - those little instant winning tickets that you can buy for prices ranging from $1 to $50 - are better, but ...

Economy Further US rate hikes 'most likely' needed: Fed minutes
Author: 0 Further US rate hikes 'most likely' needed: Fed minutes

USA central bankers see no reason to pause the current course of gradual rate hikes that have infuriated President Donald Trump and some even say the Federal Reserve may soon need to slow the economy , according to meeting minutes released Wednesday.

Economy China's 3Q GDP growth slowest since 2009
Author: 0 China's 3Q GDP growth slowest since 2009

But the slowdown has been deeper than expected, prompting Chinese leaders to reverse course and encourage banks to lend. NBS spokesman Mao Shengyong said China's economic growth remained generally "faced with an extremely complex environment overseas and the daunting task of reform and development at home".

Economy Tesla introduces a $45,000 Model 3 variant with a 260-mile range
Author: 0 Tesla introduces a $45,000 Model 3 variant with a 260-mile range

It is not clear how numerous more than 400,000 reservations for the Model 3 are for the base models. DON'T MISS: Is the Tesla Model 3 the top-selling vehicle from an American brand? While the long-range Tesla battery pack takes the auto 310 miles on a charge, the mid-range Model 3 battery has a range of 260 miles.

Economy Netflix soars on report subscriber complete
Author: 0 Netflix soars on report subscriber complete

Revenue from "over-the-top" video services such as YouTube, Netflix and others reached Rs 2,020 crore in 2017, according to a PricewaterhouseCoopers report. Netflix signed up 6.96 million customers in the quarter, according to a statement on Tuesday (Oct 16), boosting its global total to 137.1 million. Netflix officials predict the company will add another 9.4 million viewers by the end of this year.

Author: 0 Advertisers Accuse Facebook of Knowingly Overestimating Video Viewing

They also claimed the error didn't affect billing, though with viewership metrics inflated 150 to 900 percent, it's easy to see how advertisers might have seen the inflated numbers as incentive to buy more ads. Some have also posited that Facebook's heavy push of video encouraged many news groups to lay off writers and transition to more video-laden strategies that did not perform for them.

Economy Major Facebook shareholders want Mark Zuckerberg out as chairman
Author: 0 Major Facebook shareholders want Mark Zuckerberg out as chairman

In the face of security and privacy scandals, these investors are pushing for greater oversight on Facebook, starting with its board of directors. A company filing earlier this year showed that he has 60% of Facebook's voting rights. According to the Wall Street Journal , NYC's pension fund held 4.7 million Facebook shares as of March 31, which would now be valued at around $US745 ($1,048) million.

Economy China 'regrets' U.S. leaving postal union amid trade dispute
Author: 0 China 'regrets' U.S. leaving postal union amid trade dispute

President Donald Trump is preparing to withdraw the United States from the Universal Postal Union (UPU) over accusations that the treaty disadvantages the US, White House officials said on Wednesday. Neither company had responded to Sixth Tone's request for comment by time of publication. This is a move that domestic merchants should applaud as the UPU has in effect underwritten shipping charges for Chinese firms, giving them an unfair advantage in cross-border selling.

Economy Bangladesh slips one step down in Global Competitiveness Index
Author: 0 Bangladesh slips one step down in Global Competitiveness Index

Switzerland, with a ranking of 82.6, comes in fourth, followed by Japan, with a ranking of 82.5, Netherlands, with a ranking of 82.4, and Hong Kong, with a ranking of 82.3. Zahidi meanwhile said "there are also a lot of worrying signs" for USA competitiveness. The judicial independence which is considered 1-7 as the best, Pakistan ranked 70, while in budget transparency the score was 77.

Economy Tesla secures site for China Gigafactory
Author: 0 Tesla secures site for China Gigafactory

Washington imposed penalty tariffs on Chinese goods and Beijing retaliated by raising duties on imports of American products including electric cars. Tesla is gaining around early Wednesday after the company announced it has secured a site in Shanghai, China, to build its first overseas Gigafactory.

Economy Turkish police search forest, coastal city for Saudi journalist Khashoggi's remains
Author: 0 Turkish police search forest, coastal city for Saudi journalist Khashoggi's remains

Turkish officials have reportedly said they have recordings indicating that Khashoggi was killed and dismembered inside the Saudi consulate in Istanbul when he traveled there on routine business. "This incident is unacceptable and clearly they have to answer questions specifically regarding this incident", Goldman Sachs CEO David Solomon told CNBC.

Economy EBay accuses Amazon of illegally poaching its sellers
Author: 0 EBay accuses Amazon of illegally poaching its sellers

Two weeks after sending Amazon a cease-and-desist letter, accusing the company of seller poaching, EBay has now filed a lawsuit against the company. An Amazon spokeswoman told the WSJ the company was conducting a thorough investigation of the accusations. EBay has demanded that Amazon stops misusing its messaging platform and pays it an undisclosed amount of monetary damages.