Economy

Economy Comcast buys Sky, beating out Fox
Author: 0 Comcast buys Sky, beating out Fox

Mr Wieser said Disney could "expand the company's investment in content intended for Hulu and its other streaming initiatives, and potentially it could look for ways to expand Hulu internationally" and would need to persuade Comcast to sell its 30 per cent stake in the streaming service.

Economy Trump blasts OPEC ahead of World Oil Outlook summit
Author: 0 Trump blasts OPEC ahead of World Oil Outlook summit

Zanganeh said that the agreement reached in 2016 between OPEC member states and non-OPEC allied producers, mainly Russian Federation, to cut crude output "is in tatters". On the other hand, Brent crude is also supported thanks to concerns regarding OPEC supply. The comments come just ahead of this weekend's meeting of a committee monitoring the supply pact between OPEC, Russia and some other non-OPEC producers.

Economy Uber's profitability recipe starts with Deliveroo
Author: 0 Uber's profitability recipe starts with Deliveroo

After selling its ride-hailing businesses in Southeast Asia , China and Russia, Uber is eager to buy competitors, rather than sell its remaining local businesses. The service is available in more than 200 cities on four continents. Deliveroo has developed a wide delivery network of over 30,000 riders globally and 15,000 riders in the United Kingdom itself who carry delicious meals from restaurants to customers' doors.

Economy Australia strawberry crisis: Woolworths stops selling needles
Author: 0 Australia strawberry crisis: Woolworths stops selling needles

Imported Australian strawberries are undergoing thorough checks at the country's entry points following the discovery of sewing needles in the fruit. In NSW alone, there have been now more than 20 reported incidents of individuals finding needles in strawberry punnets they bought from local supermarkets.

Economy Head-smacking moment for airline and its brand-new plane
Author: 0 Head-smacking moment for airline and its brand-new plane

Hong Kong airline sent for repainting the aircraft with missing letters in the name on the livery, but did not escape ridicule, reports the Chronicle.info with reference to PZT. "The spacing is too on-point for a mishap", an engineer for Haeco, a sister company of the airline, told the South China Morning Post . " There should be a blank gap in between letters if it was a real mistake I think ".

Economy Speculation mounts over possible Emirates merger with Etihad
Author: 0 Speculation mounts over possible Emirates merger with Etihad

Each of the carriers is owned by the government of its respective emirate. There have been few cross-border mergers within the UAE, a federation of seven semi-autonomous emirates; such tie-ups require the approval of the ruling families of the emirates involved.

Economy Centre banking on European Union to find ways to buy Iran oil
Author: 0 Centre banking on European Union to find ways to buy Iran oil

Earlier, India was looking at the likelihood of falling back on the rupee-rial arrangement for importing oil from Iran in the wake of United States sanctions. India has also been hoping that the U.S. will give it some relief from the sanctions. "We are in touch with all stakeholders in the matter", Kumar said.

Economy Comcast battle to buy Sky to be settled by auction in UK
Author: 0 Comcast battle to buy Sky to be settled by auction in UK

A almost two-year battle to take over UK-based broadcaster Sky (SKYB.L) could finally be settled in a quick auction this weekend, Britain's Takeover Panel said on Thursday. The auction will formally begin at 5pm on Friday and conclude at the. A bidding war emerged last December, when Comcast made an offer for Fox's entertainment assets, which Disney is in the process of buying for about $71 billion.

Economy Stock benchmarks close at record highs
Author: 0 Stock benchmarks close at record highs

Treasury yields remained near their highest level this year. The Dow beat the mark its set in January, while the S&P 500 eclipsed the peak it set last month. The Russell 2000 small-cap index ended the day down around 0.5%. "The new record territories for the Dow and the S&P are fueled by lesser trade worries and just general enthusiasm about the economy ", said Peter Cardillo, chief market economist at Spartan Capital Securities in NY.

Economy Tesco hurts Lidl, Aldi with 1st Jack's store
Author: 0 Tesco hurts Lidl, Aldi with 1st Jack's store

Tesco now offers over 25,000 products but Jack's will only offer 2,600 products including Jack's own brand items as well as big brands such as Coca Cola, Cadbury's and Lea & Perrins. While Lidl has steadily increased its sales in Northern Ireland, Tesco remains the dominant player in the grocery sector here, with a market share of 35.3%, according to the latest market share figures from Kantar Worldpanel.

Economy Audi e-tron first of electric family
Author: 0 Audi e-tron first of electric family

Its SUV-Optimized Construction Technology helps to improve handling at higher speeds, improves cornering stiffness and decreases tread wear. Noise reduction also was taken into consideration when designing the tire, Goodyear said, noting that its SoundComfort Technology can reduce the interior auto noise by half, or up to 4 decibels.

Economy Barclays apologises after users unable to use online banking
Author: 0 Barclays apologises after users unable to use online banking

Earlier, chief executive Ross McEwan said the bank feels customers' "pain" when problems arise with its systems - but he added that such incidents were becoming less frequent. The banking group has almost eight million customers who use mobile and online banking. Customer Paul Murphy told the BBC: "This is just what you need as the weekend approaches and bills to pay".

Economy Trump sees gain in China tariffs despite consumer pain
Author: 0 Trump sees gain in China tariffs despite consumer pain

The U.S. Trade Representative's office was not immediately available for comment. "The economic outlook is not flawless of course, and it will last longer than people expect", Ma said at the World Economic Forum in Tianjin. "As the largest retailer in the United States and a major buyer of USA manufactured goods, we are very concerned about the impacts these tariffs would have on our business, our customers, our suppliers and the USA economy as a whole", Walmart wrote in its letter to ...

Author: 0 New Delhi to Pay for Iranian Oil With Rupees

During the first round of sanctions when European Union joined the U.S. in imposing financial restrictions, India initially used a Turkish bank to pay Iran for the oil it bought but beginning February 2013 paid almost half of the oil import bill in rupees while keeping the remainder pending opening of payment routes.

Author: 0 Trump Presses OPEC to Reduce Prices as Crude Trades Near $80

The president also suggested it was unfair that OPEC raises prices when, "We protect the countries of the Middle East, they would not be safe for very long without us". The new sanctions take effect in November, as a result of with Trump's decision to pull out of a 2015 agreement on Iran's nuclear program. Under pressure from the USA president, the Organization of the Petroleum Exporting Countries, Russia and other allies agreed in June to boost production by 1 million barrels per day, ...

Economy NHTSA gives 2018 Tesla Model 3 flawless marks for crash safety
Author: 0 NHTSA gives 2018 Tesla Model 3 flawless marks for crash safety

With the Model 3 getting its official NHTSA score, Tesla now holds the distinction of being an automaker whose entire lineup of production vehicles have 5-Star safety ratings. Needless to say, the electric vehicle handled itself well. In testing, the Model 3 earned top marks in all three categories. The first combines "Driver and Passenger star ratings into a single frontal rating" while the second combines "the Side Barrier Driver and the Side Pole Star Ratings into a Front Seat rating".

Economy First pictures of Tesco's new discount store Jack's in Chatteris
Author: 0 First pictures of Tesco's new discount store Jack's in Chatteris

Over the next six months Tesco will roll out 10-15 Jack's stores across the United Kingdom, with the first two opening on 20 September in Chatteris, Cambridgeshire and Immingham in Lincolnshire. With its emphasis on a United Kingdom product base, Tesco has finally launched a response to the high street threat of European retailers Aldi and Lidl.

Economy Britain to come forward with new Brexit proposals on Irish border
Author: 0 Britain to come forward with new Brexit proposals on Irish border

Responding to Tusk's comments , May insisted that her deal "remains the only serious and credible option", on the table. Therefore, every day that is left, we must use for talks. Both sides have pledged to avoid a "hard" frontier in Ireland, amid fears it could disrupt trade and upset the fragile peace on the island. One of the biggest stumbling blocks is the need to prevent border posts being erected between the British province of Northern Ireland and European Union member Ireland.

Economy Amazon launches small business shop | Ap Wire
Author: 0 Amazon launches small business shop | Ap Wire

To find Storefronts from the Amazon.com, customers can click on the rotating banner featuring a US business, or navigate to the store directly at LINK. Curated collections, which have products ranging from 25 different categories, including Halloween and Back to School, feature unique products for customers.

Economy Amazon May Open 3,000 Stores in Next Three Years
Author: 0 Amazon May Open 3,000 Stores in Next Three Years

Walmart declined as much as 0.6 percent, reversing an earlier gain, while Target Corp. dropped about 1.5 percent and Kroger Co. slid as much as 3.1 percent. Amazon Go is basically a dream come true for introverts. 'We don't comment on rumors or speculation, ' an Amazon spokesperson told CNBC . Amazon has committed to opening stores in NY and San Francisco.

Author: 0 China's Alibaba Scraps Plan to Create 1M US Jobs

Tech tycoon Jack Ma has told investors to hunker down for a drawn out trade war between the United States and China that can last for up to 20 years. Ma's remarks come a day after U.S. President Donald Trump announced his decision to impose additional tariffs on $200 billion more in Chinese goods starting next week.

Economy Airline spells its own name wrong on side of plane
Author: 0 Airline spells its own name wrong on side of plane

Cathay Pacific gained plenty of internet attention after a new paint job on one of its planes resulted in the misspelling of the airline's name. After being notified, the Hong Kong-based airline took to social media to share its mistake.

Economy Coca-Cola is eyeing the cannabis market
Author: 0 Coca-Cola is eyeing the cannabis market

A statement on the firm's website dated September 17, said the company has no interest in cannabis or in marijuana as reported by worldwide media outlets. Beer giant Molson Coors announced on 1 August it was teaming up with Canadian medical marijuana grower The Hydropothecary Corporation to develop cannabis-infused non-alcoholic beverages.

Economy Here's The Extent Of Florence's Damage In The Carolinas
Author: 0 Here's The Extent Of Florence's Damage In The Carolinas

The former basketball star Michael Jordan, a native of Wilmington , North Carolina , and the principal owner of the Charlotte Hornets of the National Basketball Association, donated $2m to the Florence recovery effort, the team said. 19). More than 18 million litres of partially treated sewage spilled into the Cape Fear River after power went out at a treatment plant, officials said, and the earthen dam of a pond holding hog waste was breached, spilling its contents.

Economy Metal allegedly found in banana an 'isolated' incident
Author: 0 Metal allegedly found in banana an 'isolated' incident

That would make the penalty on par with crimes such as child pornography and financing terrorism, he said. "How could any right-minded person want to put a baby or a child or anybody's health at risk by doing such a terrible act?" "The sabotage of our strawberry industry is not just an attack on hard-working growers and workers, but it reaches into nearly every home and school lunch box", she told Parliament.

Economy McDonald's workers walk out in 10 USA cities over 'sexual harassment epidemic'
Author: 0 McDonald's workers walk out in 10 USA cities over 'sexual harassment epidemic'

The statement in question claims, "This committee would chart a path forward to make sure nobody who works for McDonald's faces sexual harassment on the job". "They want people to think they care, but they don't care", she said. The 2016 Hart Research survey also showed that 42 percent of women in the industry who experience unwanted sexual behavior feel forced to accept it because they can't afford to lose their jobs.

Economy Saudi fund invests $1B in Tesla electric auto rival Lucid Motors
Author: 0 Saudi fund invests $1B in Tesla electric auto rival Lucid Motors

Shares were up around 1% later on Monday after the initial stock dip on word of the Saudi investment in Lucid. The PIF has committed to US$95 billion in investments in the past two years from firms like British tycoon Richard Branson's space tourism company Virgin Galactic to high-risk tech firms such as Tesla.

Economy Where you can get free food on ‘National Cheeseburger Day’
Author: 0 Where you can get free food on ‘National Cheeseburger Day’

The offer can be redeemed once per day. Local Wayback Burgers restaurants are offering a Buy One Get One deal on Wayback's famous Cheeeesy Burger on Tuesday, September 18 through the new Wayback Burgers app. If you've already got the app, go to the "My Rewards" section, where your free burger voucher will be waiting for you to redeem. Customers must mention the $1 cheeseburger deal on Tuesday when placing their orders - and it's available in-store only, not for online or phone orders.

Author: 0 China sets retaliatory tariffs on US$60 billion in U.S. goods

It appealed for "pragmatic dialogue" to "jointly safeguard the principle of free trade and the multilateral trading system". They rise to 25 percent on January 1. Beijing has retaliated in kind, but some analysts and American businesses are concerned it could resort to other measures such as pressuring USA companies operating in China.

Economy Trump's many trade wars
Author: 0 Trump's many trade wars

The commerce ministry's statement came hours after Trump said he was imposing 10 percent tariffs on about $200 billion worth of imports from China, and threatened duties on about $267 billion (£203 billion) more if China retaliated against the USA action.

Author: 0 Trade war escalates as Trump imposes tariffs on $200bn of Chinese goods

Chinese Foreign Ministry spokesman Geng Shuang warned the day before the tariffs were announced: "If the United States imposes any additional tariffs on China , we will have to take necessary countermeasures and resolutely safeguard our legitimate and legal rights and interests".