Economy

Author: 0 Horizon Air worker accused of stealing, crashing plane had Alaska ties

The air controller tells him there is a runway just off to his right "in about a mile [1.6km]", referring to a military airfield at Joint Base Lewis-McChord. which is kind of basic. Southers, the aviation security expert, said the man could have caused mass destruction. Airline officials said the ground service agent had a certification to tow aircraft, which results in a higher security clearance than other ground agents.

Economy Horizon Air Q400 Hijacked from Seattle
Author: 0 Horizon Air Q400 Hijacked from Seattle

Witnesses reported seeing the plane being chased by military aircraft before it crashed. Late yesterday's full stop at Seattle's Sea-Tac airport turned out to have a freakish and ultimately tragic reason. Two F-15 fighter jets scrambled from Portland "minutes later" to intercept it, according to Pierce County Sheriff's Office. Mr Russell's family said in the statement that the recordings showed he wasn't planning to harm others.

Economy Tesla going private: Wheres the money coming from, Elon Musk?
Author: 0 Tesla going private: Wheres the money coming from, Elon Musk?

Mr Musk thrust his fellow directors into an unprecedented situation by tweeting Tuesday that he was considering taking Tesla private at $420 a share. SoftBank is now not interested in a deal for Tesla after earlier this year taking a stake in General Motors Co's self-driving unit, Cruise, Reuters reported earlier on Wednesday.

Economy Elon Musk sued over proposal to take Tesla private
Author: 0 Elon Musk sued over proposal to take Tesla private

Investors and analysts viewed PIF as a natural financing partner. His personal stake in Tesla is nearly 20 per cent. However, a source who is familiar with PIF's strategy said it was not now getting involved in any funding process for Tesla's take-private deal.

Economy China Announces New Set of Retaliatory Tariffs on U.S. Goods
Author: 0 China Announces New Set of Retaliatory Tariffs on U.S. Goods

China has promised to retaliate with another $16 billion in tariffs on USA imports. The Chinese response is concise, rational and calm. However, the United States imports far more from China than it exports to it, meaning Beijing may at some point need to look for other means of retaliation.

Economy US SEC Postpones VanEck-SolidX Bitcoin ETF Decision Until September 30
Author: 0 US SEC Postpones VanEck-SolidX Bitcoin ETF Decision Until September 30

The SEC has since said it would make final decisions on nine such proposals within the next two months, by September 30. The news was taken as a potential blow to the cryptocurrency market's credibility. The SEC explains that the former did not meet the requirements to ensure that their ETF is created to protect investors from fraudulent and manipulative practices.

Economy Turkey's Erdogan calls on Turks to buy lira for 'national battle'
Author: 0 Turkey's Erdogan calls on Turks to buy lira for 'national battle'

The Turkish lira hit an all-time low against the dollar on Friday, and there are growing concerns that the country's economic troubles could spread to the eurozone. Turkish President Recep Tayyip Erdogan said Turks should not be alarmed by exchange rate movements. "This is a domestic and national struggle", Erdoğan said, according to The Associated Press .

Economy Ikea India launches with Hyderabad megastore
Author: 0 Ikea India launches with Hyderabad megastore

We are trying to develop a range of local products. Knowing the price-sensitive nature of Indian buyers, it has been offering about 1000 products in a price range below Rs 200. Overall, the Hyderabad store will directly employ at least 950 people and another 1,500 indirectly for various services, it said on Wednesday. The company plans to open 25 stores all across India by 2025 with its next stores in Mumbai next year followed by Bengaluru and Gurugram.

Economy Stolen plane crashes after 'unauthorised take-off' from Seattle airport
Author: 0 Stolen plane crashes after 'unauthorised take-off' from Seattle airport

A passenger plane crashed on an island in Puget Sound on Friday night, not long after a suspect conducted an "unauthorized take-off" from Seattle-Tacoma International Airport in Washington state, officials said . "No others involved", Sheriff's Office said. - Kai Simpson (@Kai_AHS) August 11, 2018Some dude stole a plane from #Seatac (Allegedly), did a loop-the-loop, nearly crashed into #ChambersBay , then crossed in front of our party, chased by fighter jets and subsequently crashed.

Economy Erdogan says attempts to exert economic pressure on Turkey futile
Author: 0 Erdogan says attempts to exert economic pressure on Turkey futile

So what has happened to send the lira on a downward spiral and should more tourists take advantage? The ruble has lost 17% of its value against the dollar this year. The diplomatic dispute with the USA was one of the triggers for the turmoil this week. This means it can keep control of inflation by raising them when necessary.

Economy Trump's escalation of Turkey feud sends lira crashing
Author: 0 Trump's escalation of Turkey feud sends lira crashing

Turkey remains at loggerheads with the USA in one of the worst spats between two North Atlantic Treaty Organisation allies in years over the detention of American pastor Andrew Brunson and a host of other issues . Wall Street couldn't avoid the bloodbath on Friday triggered by a collapse of the Turkish lira amid escalating diplomatic tensions between the U.S.

Author: 0 Turkey lira crashes as Trump piles on pressure

Trump last month threatened to slap "large sanctions" on Turkey if it did not release American pastor Andrew Brunson , who faces charges of espionage for allegedly supporting a failed coup attempt in 2016. A plummeting Turkish lira sent ripples through global equities and emerging markets on Friday, as rising fears of a wider fallout sent investors scurrying for the safety of assets such as the yen and USA government bonds.

Economy Trump doubles metal tariffs on Turkey as lira falls by 20%
Author: 0 Trump doubles metal tariffs on Turkey as lira falls by 20%

The lira accelerated its losses after US President Donald Trump said in a tweet he had authorised the doubling of aluminium tariffs on Turkey to 20% and steel tariffs to 50%. But Erdogan said Turks should not be alarmed by exchange rate movements. Trump raised the stakes on Friday when he said that his administration would double its tariffs on Turkish steel and aluminum.

Economy How to Win Free McDonald's for Life
Author: 0 How to Win Free McDonald's for Life

Reportedly first created by a franchise owner in 1965, a McDonald's McGold Card , and the free food it comes with, is a thing of legend. "The McGold Card isn't some bedtime story, it's real", Ancient Aliens co-executive producer and "Ancient Astronaut Theorist" Giorgio Tsoukalos assures viewers as a brief clip of Bigfoot running with the coveted card is shown.

Economy 'Bitcoin is the best house in a tough neighborhood'
Author: 0 'Bitcoin is the best house in a tough neighborhood'

The Bitcoin price lost over $500 over the past few hours, plummeting from $7,000 to its current level just above $6,500. One Bitcoin File coin can now be bought for $0.0171 or 0.00000241 BTC on popular cryptocurrency exchanges including Gate.io and Huobi.

Economy Hundreds of flights cancelled across Europe in Ryanair strike
Author: 0 Hundreds of flights cancelled across Europe in Ryanair strike

For journeys under 1500km a maximum of €250 can be claimed (or €400 for flights between 1500 and 3,000km), but in the event that the airline directly warned passengers of their flight cancellation with 15 days' notice, there is no right to request economic compensation.

Economy NYC reins in Uber with cap on ride-hail vehicles
Author: 0 NYC reins in Uber with cap on ride-hail vehicles

At the end of July, we learned that the New York City Council was looking into capping the number of ride-sharing vehicles in the city while it tried to figure out related issues like congestion. The legislation also allows the city to set a minimum pay rate for drivers and minimum fares for the industry. That's in contrast to 14,000 taxi drivers.

Author: 0 China to slap additional tariffs on $16 billion of USA goods

China said it is targeting 333 products, including crude oil, coal, diesel, cars, bicycles, medical equipment, steel products, scrap metals and waste paper, as well as fish meal. But it was 11 percent higher than in the same month previous year. Beijing has retaliated with its own duties on $34bn of United States goods. After a strong start to the year, growth in the world's second-largest economy cooled slightly in the second quarter, partly hit by the government's years-long efforts ...

Economy Oil rises as US renew sanctions against Iran
Author: 0 Oil rises as US renew sanctions against Iran

United States economic sanctions against Iran took effect this week. Iran's oil industry is expected to be hit in the next round of economic penalties against the country, set to take effect in November. Iraqi Prime Minister Haider al-Abadi said his country opposes sanctions on Iran, but will abide by them to protect its own interests. "With global demand remaining healthy and the global heatwave increasing oil demand, I think prices will remain well-supported in the near term", Hussein ...

Economy 'Support for UK PM's handling of Brexit falls to record low'
Author: 0 'Support for UK PM's handling of Brexit falls to record low'

With less than eight months until Britain quits the bloc, the prominent Brexiteer put the odds of the United Kingdom leaving without a deal over their future relationship at "60-40". According to a recent survey commissioned by Maritime UK, 66% of UK business leaders think a "no-deal" scenario is now likely, with just half of them saying that they have made preparations for such an outcome.

Economy Ola drives ride-hailing shake-up with United Kingdom debut
Author: 0 Ola drives ride-hailing shake-up with United Kingdom debut

Indian ride-hailing company Ola announced on Tuesday (Aug 7) that it is to launch services in Britain, expanding its foray overseas and intensifying its battle with USA rival Uber. Features of Ola cabs in the UK: Ola says it will conduct Disclosure and Barring Service (DBS) screening its drivers, offer 24/7 voice support, options to share ride details with emergency contacts and an emergency feature, possibly in the form of an SOS button.

Economy Elon Musk tweets he may take Tesla private
Author: 0 Elon Musk tweets he may take Tesla private

Several financial industry insiders were unclear why trading was halted , whether it's because Musk is trying to initiate a buyout or because he could be violating FCC regulations. He also said he intends to give Tesla's existing shareholders the option of retaining a stake in the company through a special fund, if they want. Tesla did not immediate respond to requests for comment.

Economy Ontario to offer incentives to brewers in buck-a-beer plan
Author: 0 Ontario to offer incentives to brewers in buck-a-beer plan

He also indicated there are no tax incentives involved and tax payers' money will not be used. The move is voluntary for the province's 260 brewers, and has raised questions about how many will actually implement cheaper prices given higher costs since beer was last allowed to be sold at $1 - a decade ago.

Economy Tesla, Inc. (NASDAQ:TSLA) Gapping Down Ahead of the Open
Author: 0 Tesla, Inc. (NASDAQ:TSLA) Gapping Down Ahead of the Open

Going toward to the 50-day, we can see that shares are now trading 10.12% off of that figure. However, -13.79 percent is noted as its 180.00 days or half-yearly performance. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. A number of research analysts have commented on the stock.

Economy Fetus discovered by crew on plane at LaGuardia Airport, sources say
Author: 0 Fetus discovered by crew on plane at LaGuardia Airport, sources say

The flight landed at Terminal B Monday night. It was the Airbus A321's only flight of the day. "As we continue to learn more about this tragic and sensitive situation, we are actively cooperating with law enforcement in their investigation", an American Airlines spokesman told CBS News .

Author: 0 Musk says he may take Tesla private and shares roar

A deal at $420 per share represents a 22.8 percent premium to Tesla's closing price on Monday, valuing the company at about $72 billion. Mr Musk has previously discussed the drawbacks of being a public company, saying shareholder demands often produce short-term thinking.

Economy Chinese state media compares Trump's trade policies to 'extortion'
Author: 0 Chinese state media compares Trump's trade policies to 'extortion'

China promptly promised it would take countermeasures of its own. He predicted that the U.S. market will "go up dramatically" after the "horrible Trade Deals" are successfully renegotiated. China responded with a 178.6 percent tariff on the roughly $1 billion in sorghum that the US imports to China each year. More from Bloomberg.com: U.S.

Economy Facebook Wants Access to Your Banking Data
Author: 0 Facebook Wants Access to Your Banking Data

The information would be used to offer new services to Facebook account holders. However, concerns over data sharing and privacy have held up talks with at least one bank, sources told the Wall Street Journal . But after the Cambridge Analytica scandal and multiple other privacy scandals, even Facebook's current partners may not be willing to trust the company.

Economy NASCAR CEO Brian France Arrested for DUI and Oxycodone
Author: 0 NASCAR CEO Brian France Arrested for DUI and Oxycodone

ESPN cited a news release from the Sag Harbor Village police saying France was arrested at 7:30 p.m. Sunday and was held overnight. During the stop, France was reportedly intoxicated and failed a field sobriety test. And sources tell us ... during the process, France was name-dropping all of the powerful people he knew and even mentioned his relationship with President Donald Trump .

Economy 5 people die in plane crash in California mall parking lot
Author: 0 5 people die in plane crash in California mall parking lot

Another witness told local news media that he was coming out of a sushi restaurant when he saw the plane flying low. The plane hit an unoccupied, parked vehicle on the ground, but the owner was in a store at the time of the crash, said Tony Bommarito, the public information officer with Orange County Fire Authority.

Economy Indra Nooyi to step down as PepsiCo chief executive
Author: 0 Indra Nooyi to step down as PepsiCo chief executive

Nooyi will stay on as chairman until early 2019 after 24 years with the company. "Laguarta equally represents continuity and the necessary agility for PepsiCo", said Daniel Vasella, chairman of the board's Nominating and Corporate Governance Committee.