Economy

Economy World’s largest airline cancels, Ryanair strike 2018
Author: 0 World’s largest airline cancels, Ryanair strike 2018

The Dublin-based carrier has played down fears of widespread disruption but confirmed it would cancel about 250 flights. Ryanair said in a statement that the vast majority of Friday's 2,400 flights "will be unaffected by these unnecessary strikes and will operate as scheduled".

Economy Amazon Opens Store In SoHo
Author: 0 Amazon Opens Store In SoHo

Other categories at the store include toys, games, devices, consumer electronics , kitchen, home, books and more . "Amazon 4-star's selection is a direct reflection of our customers-what they're buying and what they're loving", the company wrote in a press release.

Economy Nafta: Mexico sees a quick agreement between Canada and the United States
Author: 0 Nafta: Mexico sees a quick agreement between Canada and the United States

A NAFTA deal had looked unlikely on Wednesday when, after a month of slow-moving discussions, Trump indicated he was fed up with Trudeau, who has insisted he will not sign a bad deal. In an eyebrow-raising news conference Wednesday at the UN, Trump hinted at personal animus between Lighthizer and Freeland when he claimed that he rejected a Canadian request for a face-to-face meeting with Prime Minister Justin Trudeau - a request Ottawa flatly denied making.

Economy BMW i3 debuts with 42.2-KWH battery, 153-mile range
Author: 0 BMW i3 debuts with 42.2-KWH battery, 153-mile range

What's New: Adaptive LED headlights with matrix high beams that selectively deactivate zones of the high beam based on traffic conditions are now available. And a new exterior color joins the palette: Juraco Beige Metallic with gray accents. The rear-mounted electric motor sends power to the rear wheels through a one-speed automatic.

Economy Facebook breached! 50 million accounts at risk in latest attack
Author: 0 Facebook breached! 50 million accounts at risk in latest attack

Facebook's " View As " function is a privacy feature that allows people to see what their own profile looks to other users, making it clear what information is viewable to their friends, friends of friends, or the public. Facebook was hacked through a vulnerability in the site's " View As " feature. "Three software flaws in Facebook's systems allowed hackers to break into user accounts, including those of the top executives Mark Zuckerberg and Sheryl Sandberg, according to two people ...

Author: 0 SurveyMonkey Climbs in Debut After Upsized $180 Million IPO

Salesforce Ventures had previously agreed to purchase $40 million worth of stock in a private placement at a price equal to the IPO price. SurveyMonkey is older than many of its newly public peers, having been founded nearly two decades ago.

Economy Why U.S. will lose more from trade war with China
Author: 0 Why U.S. will lose more from trade war with China

Beijing has especially targeted US soybeans in a shot at President Donald Trump's supporters in the USA farm belt. With tensions growing sharply between the two sides on a range of issues, Trump said China wanted him to suffer an electoral setback as payback for his hard line over trade .

Economy Where to get java deals and freebies on National Coffee Day
Author: 0 Where to get java deals and freebies on National Coffee Day

There are plenty of popular cafes offering free cups of joe, as well as discounts on coffee beans and donations to coffee farmers in need. On Saturday, September 29, the fast-food chain is offering patrons a free premium roast McCafe coffee in any size at no cost when they order something through the My McD's App in honour of National Coffee Day.

Economy Petrol, diesel prices continue to touch new height
Author: 0 Petrol, diesel prices continue to touch new height

Commenting on unaudited month-end fuel price data released by the Central Energy Fund, the AA said these price hikes would be "catastrophic" for road users. A litre of petrol was purchased at a price of Rs. 86.51 in Chennai and Rs. 85.03 in Kolkata, as mentioned in price notification of state-owned fuel retailers.

Economy Asian stocks down after Fed hike, Trump omments
Author: 0 Asian stocks down after Fed hike, Trump omments

CK Asset Holdings fell nearly more than 2 percent while Sun Hung Kai Properties shed 0.96 percent of its listed value. Mortgages will be directly impacted by a hike in the prime rate, which most are linked to, increasing the funding costs for home buyers.

Economy McDonald's says classic burgers in U.S. no longer have artificial ingredients
Author: 0 McDonald's says classic burgers in U.S. no longer have artificial ingredients

Its seven classic burgers - the hamburger, cheeseburger, double cheeseburger, McDouble, Quarter Pounder with Cheese, double Quarter Pounder with Cheese and Big Mac - will no longer include artificial preservatives, flavors or coloring. In order to make all of these options free of artificial ingredients , the fast food chain removed artificial preservative (s) from a number of ingredients, such as its "real American Cheese, Big Mag Special Sauce, the regular bun, the Quarter Pounder bun (also ...

Economy Boeing awarded $9.2B contract for Air Force T-X trainer aircraft
Author: 0 Boeing awarded $9.2B contract for Air Force T-X trainer aircraft

It follows an $805 million contract with the Navy to build four unmanned tankers and a $2.38 billion contract with the Air Force to build its Huey replacement helicopters . Secretary of the Air Force Heather A. Wilson noted that the original cost estimate for the program was $19.7 billion. Boeing said in 2017 that it would build the entire aircraft in the United States.

Economy The oil price will rise again
Author: 0 The oil price will rise again

He urged oil consuming nations not to rely on OPEC, stressing the importance of energy independence. OPEC has acted repeatedly to influence the price of crude oil via collective production targets, in order to protect the precious revenues of its membership.

Economy Tesla shares plunge as regulators launch fraud lawsuit against Elon Musk
Author: 0 Tesla shares plunge as regulators launch fraud lawsuit against Elon Musk

Tesla has always weathered these storms, and its continued ability to stay afloat amid these challenges is enough to convince many that the electric auto company will be around for a while yet. "Musk acknowledged that no specific deal terms had been established at the meeting and there was no discussion of what would or would not be considered reasonable".

Economy Hacker to Delete Mark Zuckerberg's Facebook Page, Live, This Weekend
Author: 0 Hacker to Delete Mark Zuckerberg's Facebook Page, Live, This Weekend

As if planning for a video game stream, software bug bounty-hunter Chang Chi-yuan posted a Facebook event reminder on September 27, which mentioned his hacking attempt on September 30 at 6 p.m., Taiwan time, reports Bloomberg . The hacker has reportedly been sued before for his exploits after hacking into a Taiwanese bus operator's systems, which enabled him to buy a bus ticket for just 3¢.

Economy Google dodges questions about China during Senate privacy hearing
Author: 0 Google dodges questions about China during Senate privacy hearing

Alongside Google , officials from Apple , Amazon , Twitter , AT&T and Charter Communications all said they supported federal legislation- albeit with a variety of qualifiers that suggested they did not want any national rules to constrain the services they now offer to consumers.

Economy Not feeling chipper: Royal Mail asks people to stop posting crisp packets
Author: 0 Not feeling chipper: Royal Mail asks people to stop posting crisp packets

It won't make such a pretty photo to share on social media, though, plus protesting might be less thrilling when you have to loot the house trying to find an envelope. 'Customers can obtain advice from any Post Office branch on packaging and restrictions. Britain's largest crisps maker needs to act now on plastic packet waste, says the man behind a petition campaign .

Author: 0 Elon Musk SEC fraud lawsuit sends Tesla shares tumbling

He holds the equivalent of a sell rating on the stock, with a price target of US$210, below the average price target of US$301 according to data compiled by Bloomberg. Musk later denied he was 'on weed' when posting the tweets. "Integrity is the most important value in my life and the facts will show I never compromised this in any way", Musk said.

Economy Ryanair strikes expand to Germany on Friday
Author: 0 Ryanair strikes expand to Germany on Friday

The Dublin-based no-frills carrier said that it would cancel six per cent of flights on Friday amid walk-outs by cabin crew in Belgium, Italy, the Netherlands, Portugal and Spain. Any queries they have must be made to an Irish number, which is more expensive than a local call. "We sincerely apologise to those customers affected by these unnecessary strikes on Friday, which we have done our utmost to avoid, given that we have already offered these unions recognition agreements, Collective ...

Author: 0 Justin Trudeau says Canadians are tough negotiators

The 1994 deal underpins $1.2 trillion in annual trade between Canada, Mexico and the United States. "That's the big one". "A good and fair deal is still very possible". "We will keep working as long as it takes to get to the right deal for Canada", Trudeau told reporters at the United Nations. A new trade deal between Canada and the U.S.is "pretty close" to being made, but Canada needs assurances it won't face "draconian" measures from the US after the deal is done, according to a NAFTA ...

Economy FTSE Russell to add Chinese stocks to its global gauges
Author: 0 FTSE Russell to add Chinese stocks to its global gauges

A spokesperson for FTSE Russell told Reuters that its annual country classification announcement would be released after the NY market close on Wednesday, but he would not comment on the whether A-shares would be included. Within the FTSE Global All Cap Index, China A Shares are projected to have a weight of c. 0.57%. Makepeace told a news conference in Shanghai that FTSE Russell would review the inclusion of Chinese bonds in its global indexes next March.

Economy Ryanair cancels 190 flights across Europe
Author: 0 Ryanair cancels 190 flights across Europe

Unions have demanded that only flight attendants who aid passengers with special needs and those legally required on flights more than six hours be made to attend work on September 28. It added that, in the past two weeks, it had written to the pilot unions in Belgium, Holland, Spain, Portugal and Germany inviting them to negotiate similar agreements to that reached in Ireland for both pilots and cabin crew.

Author: 0 SEC Suing Elon Musk for Fraud

The SEC's lawsuit , filed in Manhattan federal court, comes less than two months after Musk told his more than 22 million Twitter followers on August 7 that he might take Tesla private at $420 per share, and that there was "funding secured".

Economy Trump slams Fed hours after his pick Powell lifts interest rates
Author: 0 Trump slams Fed hours after his pick Powell lifts interest rates

The latest raise brings the Fed's overnight target to a range of 2.0 to 2.25 percent. The Federal Open Market Committee (FOMC) increased the interest rates by 25 basis points, thus setting a new range of 2 per cent to 2.25 per cent. The tweak in language led investors to sell the dollar and buy Treasuries on the assumption it meant the Fed would be less aggressive in the future.

Economy U.S. SEC sues Tesla CEO Elon Musk, alleges fraud over tweets
Author: 0 U.S. SEC sues Tesla CEO Elon Musk, alleges fraud over tweets

But Stephanie Avakian, the SEC's co-director of enforcement, told reporters that Musk knew his statements lacked any basis in fact. Musk said he had done nothing wrong. The SEC has scheduled a press conference for 5 p.m. In separate Tesla news, a Panasonic ( OTCPK:PCRFY , OTCPK:PCRFF ) automotive division exec Yoshio Ito says the company is on track to finish three more battery-cell production lines at the Gigafactory in Nevada to bring the total number of cell-producing lines to 13.

Economy World Bank report warns Gaza Strip economy is in 'free fall
Author: 0 World Bank report warns Gaza Strip economy is in 'free fall

Israel maintains a crippling blockade of the Gaza Strip, which critics say amounts to collective punishment of the impoverished area's two million residents. Beyond a crisis response , the Government of Israel could support a conducive environment for economic growth by lifting restrictions on trade and allowing the movement of goods and people, without which the economic situation in Gaza will never improve.

Author: 0 United States 'dream' of halting Iran's oil exports won't come true: minister

With the United States sanctions set to kick in, there are reports that India is looking for options beyond Iran to meet its crude oil demands. " If he wants the price of oil not to go up and the market not to get destabilized, he should stop unwarranted and disruptive interference in the Middle East and not be an obstacle to the production and export of Iran's oil ".

Economy Tesla is building its own vehicle carriers
Author: 0 Tesla is building its own vehicle carriers

After spending months focused on ramping up Model 3 production volume, the company is now struggling to get the vehicles to customers. Volunteers were then called in to help educate new buyers on the basics. Long-time Tesla owners want to be part of what they see as a historic moment for the Palo Alto, California-based company. The auto will be driven to you by a Tesla Customer Experience Professional.

Economy Donald Trump dumps on Canada, knocks Freeland, threatens tariffs
Author: 0 Donald Trump dumps on Canada, knocks Freeland, threatens tariffs

Earlier on Wednesday, Trudeau shrugged off USA pressure to quickly agree to a deal and indicated it was possible the three member nations might fail to conclude a new pact. has suggested it will forge a new NAFTA deal with just Mexico if it fails to reach an accord with its northern neighbor. The US leader has also threatened to leave Canada out of the deal unless it signs up to the agreement by Sunday.

Author: 0 Federal Reserve hikes interest rate, citing "strong" economy

During a late-afternoon news conference in New York, President Donald Trump said he was "not happy" about the Fed's latest rate hike. Voters on the committee backed the decision 9-0. In dropping that language, the central bank may be signaling its resolve to keep raising rates. Any signal in that change, however, is unclear. Does not change the description of the economy; repeats that jobs gains have been strong and household spending and business fixed investment have grown strongly.

Author: 0 Price of oil could reach $100/barrel by late 2018 or early 2019

The price of Brent crude oil could continue its advance as traders ignore US President Donald Trump's persistent calls for producers to raise their output. "We view that crude market risks are heavily skewed to the upside and whilst we are not explicitly forecasting Brent to rise to $100 per barrel, we see material risks of this coming to fruition", Japanese bank Mitsubishi UFJ Financial Group said in a note to clients.