Economy

Economy Fuel issues prompt United 787 Mayday
Author: 0 Fuel issues prompt United 787 Mayday

The captain of an aircraft is required to declare a fuel Mayday if fuel falls below the reserve level an aircraft is required to have when it reaches its destination, often about 45 minutes. Emergency warnings are automatically sent if reserves run low, but the plane had plenty of fuel remaining to land, said a spokesperson for aviation authority Airservices Australia .

Economy What Consumers Pay For Petrol, Diesel After Price Cuts
Author: 0 What Consumers Pay For Petrol, Diesel After Price Cuts

India stopped controlling petrol prices in 2010 and diesel prices in 2014, linking them to global crude markets in a bid to ease pressure on government finances and improve the earnings of oil refiners. Centre will issue notification on cut in excise duty by Thursday midnight so that consumers get immediate relief. "Since May 2014, the Modi government has increased central excise duty 12 times".

Economy Unemployment Level Falls Again, But So Do Work Hours and Weekly Pay
Author: 0 Unemployment Level Falls Again, But So Do Work Hours and Weekly Pay

The unemployment rate in September fell to 3.7%, its lowest level since December 1969. The Commerce Department said on Friday the trade gap increased 6.4 percent to US$53.2 billion, widening for a third straight month. The data come a day after a selloff in government bonds renewed concerns about rising inflation and whether the Federal Reserve will have to lift borrowing costs at a faster pace in order to keep the US economy from overheating.

Economy European Union offers Theresa May an alternative to the Chequers plan for Brexit
Author: 0 European Union offers Theresa May an alternative to the Chequers plan for Brexit

The two sides are trying to push the divorce deal as well as an agreement on post-Brexit relations over the line in time for leaders' summits scheduled for October 17-18 and November 17-18. The EU has previously had an issue with that as it fears Britain could use the special access of Northern Ireland to the bloc's single market to push goods that would not have to conform with high EU norms and could hence be sold cheaper.

Economy UK Conservatives Fear PM May Believes She Can Fight Next Election
Author: 0 UK Conservatives Fear PM May Believes She Can Fight Next Election

Theresa May has been told she will have to find at least £20billion to fulfil her conference pledge to end austerity measures. Dancing onto the stage in the city of Birmingham to ABBA's " Dancing Queen " and a standing ovation, Mrs May poked fun at herself after her dance moves were mocked on a trip to Africa and after last year's conference when her speech was disrupted by a coughing fit, a stage intruder and a collapsing background set.

Economy Pence says Google should halt Dragonfly app development
Author: 0 Pence says Google should halt Dragonfly app development

A digest of the top political stories from the Globe, sent to your inbox Monday-Friday. Beijing rejected the charge. He also urged Google ( GOOGL.O ) to end development of its "Dragonfly" app that would make it easier to track internet searches and thus strengthen the Chinese Communist Party's censorship efforts.

Economy Aston Martin shares skid as they start trading on the stock market
Author: 0 Aston Martin shares skid as they start trading on the stock market

The group said in a press release that the price of its ipo was set at 19 pounds per share, or in the middle of the range expected (between 17,50 and 22,50 pounds). Nevertheless, the 105-year-old company - based in Gaydon in central England - has a troubled history and has declared itself bankrupt multiple times in the past.

Economy Toyota recalls 2.4 million Prius and Auris hybrids over stalling
Author: 0 Toyota recalls 2.4 million Prius and Auris hybrids over stalling

Toyota said it was not aware of any actual accidents caused by the fault. A number of Toyota Prius , Prius+ and Auris hybrid vehicles have been recalled over an issue with the failsafe driving mode. This means that the vehicle could lose power and stall while, according to the firm, power steering and braking remain operational. "/ On Friday said it was recalling a total of 2.43 million gasoline hybrid vehicles at home and overseas over a hybrid system issue which can lead to stalling".

Author: 0 'We will not stand down,' VP Pence warns China

USA intelligence agencies assess that Russian Federation interfered in the 2016 presidential election to boost Trump over his Democratic rival Hillary Clinton through hacking and releasing sensitive documents and social media manipulation. "For example, Google should immediately end development of the "Dragonfly" app that will strengthen Communist Party censorship and compromise the privacy of Chinese customers".

Author: 0 China says Pence's allegations of meddling created 'out of thin air'

Last month, as VentureBeat reported , Google's chief privacy officer Keith Enright acknowledged the existence of a project called Dragonfly during a public congressional hearing, but he did not explain what the project was. allegations of political interference. Pence also said China had deployed anti-ship and anti-air missiles on islands it is building in the disputed South China Sea, despite promises not to militarize them.

Author: 0 Pompeo's 4th North Korean visit fuels optimism for denuclearization

He will then fly to Japan and China to meet his counterparts there, according to the US State Department. Pompeo declined comment on negative signals from North Korea, that have included demands for a lifting of sanctions and complaints about Washington's apparent reluctance to agree to a declaration to end the 1950-53 Korean War without major concessions.

Economy Fuel prices on the boil again, diesel breaches Rs 80 in Mumbai
Author: 0 Fuel prices on the boil again, diesel breaches Rs 80 in Mumbai

Bihar deputy chief minister Sushil Kumar Modi, who holds the finance portfolio, however told ANI that the state will take a decision after getting official intimation. The oil marketing companies will cut prices by Rs 1 - a first since fuel prices were deregulated. "The Brent oil since yesterday has crossed 86$/bbl which is the highest in the last four years".

Economy Mexico-Canada Agreement to Replace NAFTA after Last-Minute Deal
Author: 0 Mexico-Canada Agreement to Replace NAFTA after Last-Minute Deal

Meanwhile, buoyed by a strong USA economy, Trump may keep tariffs on Chinese goods over the long term so the trade war becomes a "new normal", in which U.S. The US appears to be willing to give up demands to drop independent dispute resolution panels if it can have greater access to the Canadian dairy market.

Economy Rupee plunges to fresh record low of 73.77 against dollar
Author: 0 Rupee plunges to fresh record low of 73.77 against dollar

The rupee fell by 43 paise against the dollar to 73.34 during the early trading session on Wednesday as against the previous close of 72.91 against dollar on Monday. Oil prices firmed near the highest level in nearly four years on expectations of a tighter market once USA sanctions on Iran are effective next month.

Author: 0 Canada | New NAFTA Deal | Trump Tariffs

That's why modernization - updating rules and standards to keep up with the times - is a critical and positive update to the trade deal tying the North American continent together. It also appears that market and institutional uncertainty over NAFTA should now be over with . However, a few issues like United States tariffs on steel amd aluminum imports, along with retaliatory tariffs were left out of the USMCA deal.

Economy Trump rewrites rules of trade with new deal
Author: 0 Trump rewrites rules of trade with new deal

Canada has made a last-minute decision to rejoin what had been the North American Free Trade Agreement , which will now be called USMCA. Outgoing premier Philippe Couillard has said that depending on the text of the agreement - and how it affects areas of exclusive provincial jurisdiction - Quebec may be able to block it from applying in the province.

Economy Crude Oil Price Analysis: Bullish Momentum Persists, Key Resistance Ahead
Author: 0 Crude Oil Price Analysis: Bullish Momentum Persists, Key Resistance Ahead

Meanwhile, the US West Texas Intermediate (WTI) crude futures were also up by USD$1.66, or 2.3 percent, putting a hefty USD$74.91 per barrel price - the company's highest since July. Estimates vary widely on how much Iranian crude USA sanctions could remove from the market, from 500,000 barrels per day (bpd) to 2 million bpd. US officials have been working with refiners in Asia to find replacements or Iranian oil.

Economy European budget airline Primera Air ceases operations
Author: 0 European budget airline Primera Air ceases operations

The carrier also had services to Athens, Rhodes, Kos and the Peloponnese, but it was not clear whether it had any passengers in these destinations. Please visit primeraair .com for further updates in next few days. A representative for the airline told Business Insider on Monday that they could not immediately confirm plans for passengers left stranded by the airline because "all the employees of Primera Air are let go".

Author: 0 LNG Canada gets green light

Green Party Leader Andrew Weaver was among a number of voices critical of a massive liquefied natural gas project in northern British Columbia that received final approval on Tuesday. TransCanada will seek financing and joint venture partners for the pipeline, which is slated to begin service in 2023. "Adding such a massive new source of GhGs means that the rest of our economy will have to make even more sacrifices to meet our climate targets", Weaver said in a release.

Author: 0 FCC, FEMA to test 'Wireless Emergency Alert' system on Wednesday

The FCC and FEMA will conduct a test of the Wireless Emergency Alert (WEA) and Emergency Alert System (EAS) systems on October 3 at 1:18 PM CDT, 12:18 PM MDT. Tomorrow, at around 2:18PM Eastern (11:18AM Pacific), you'll get a text message flagged as a " Presidential Alert ". The nationwide test will pop a message box up on your phone, accompanied by a tone and vibration.

Economy Amazon raises minimum wage to $15 for all US workers
Author: 0 Amazon raises minimum wage to $15 for all US workers

In addition to raising their own minimum wage, the company says that they will be working to convince Congress to raise the current $7.25 minimum wage across the United States. Jay Carney, the senior vice president of Amazon's global corporate affairs, added: "We will be working to gain congressional support for an increase in the federal minimum wage".

Economy Oil races toward $85 as Iran sanctions loom
Author: 0 Oil races toward $85 as Iran sanctions loom

But, for now, the focus is on US sanctions on Iran's energy industry that will apply from November 4 and are created to cut crude exports from the third biggest producer in the Organization of the Petroleum Exporting Countries. U.S. West Texas Intermediate crude futures were at 73.57 dollars a barrel. The recent increase in oil prices has prompted talk that crude could reach $100 per barrel for the first time since prices slumped in mid-2014, when Brent peaked at $115 per barrel.

Author: 0 Amazon to raise minimum wage to $15 for US employees

Employees at Whole Foods, which Amazon now owns, will get the same pay hike. "We listened to our critics, thought hard about what we wanted to do, and decided we want to lead", said CEO Jeff Bezos . Critics, including independent Senator Bernie Sanders of Vermont , have criticized Amazon for not paying workers enough. "The current rate of $7.25 was set almost a decade ago", said Jay Carney, senior vice president of Amazon global corporate affairs.

Economy Tesla shares rise on Musk’s deal with regulators and Model 3 numbers
Author: 0 Tesla shares rise on Musk’s deal with regulators and Model 3 numbers

The original lawsuit had sought to remove him both as chairman and as CEO . Musk said that he had " funding secured " for a buyout of the electric-car company at $420 a share, reports The New York Times. "The total package of remedies and relief announced today are specifically created to address the misconduct at issue by strengthening Tesla's corporate governance and oversight in order to protect investors", said Stephanie Avakian, co-director of the SEC's Enforcement Division.

Author: 0 US, Canada and Mexico praise 'historic' NAFTA replacement deal

Who is the biggest victor of the new trade pact? The USMCA largely spared Canada and Mexico from threatened auto tariffs, which the Trump administration is still studying and hasn't yet made a final decision. This means individuals, insurance companies and governments will pay more for pharmaceuticals. In another tweet , Mr. Trump said the new agreement "greatly opens markets to our Farmers and Manufacturers, reduce [s] Trade Barriers to the US and will bring all three Great Nations ...

Economy GE unexpectedly removes its CEO
Author: 0 GE unexpectedly removes its CEO

A note from Briefing.com said Culp's appointment was promising, saying that he led " Danaher's transformation from an industrial manufacturer into a leading science and technology company". GE, scheduled to report results on October 25, declined to comment. That should be good news for GE shareholders, more than a quarter of whom traditionally own the stock directly through inheritance or as "retail investors", rather than as part of a basket of stocks through mutual funds or money managers.

Economy Elon Musk’s
Author: 0 Elon Musk’s "Funding Secured" Tweet Just Cost Him & Tesla $40 Million

Nelson told FOX Business the settlement , which is still subject to court approval, "reflects certainty Musk is going to remain with the company in the CEO role". Tesla's most active high-yield bond issue traded up 2.5 cents to 86.75 cents on the US dollar early Monday, the biggest gain since August 2. Musk said that he had " funding secured " for a buyout of the electric-car company at $420 a share, reports The New York Times.

Economy GE CEO Flannery Removed as Losses Increase
Author: 0 GE CEO Flannery Removed as Losses Increase

Mr. Culp, who is known as Larry, spent roughly 15 years at the helm of Danaher Corp., a company with business units that include dental equipment, testing measurement gear and life-sciences and diagnostics equipment. "We will be working very hard in the coming weeks to drive superior execution, and we will move with urgency". 'We remain committed to strengthening the balance sheet including de-leveraging'.

Economy U.S. sues after California governor signs 'net neutrality' law
Author: 0 U.S. sues after California governor signs 'net neutrality' law

In March, Brown accused the Trump administration of essentially declaring war on the most populous USA state after the Justice Department sued to stop policies that protect illegal immigrants against deportation. "We remain committed to ensuring that our internet can continue to represent freedom and opportunity, innovation and fairness". "California, however, seeks to second-guess the Federal Government's regulatory approach by enacting SB-822", the complaint reads.

Economy Subsidized LPG Cylinder Rates Hiked For October
Author: 0 Subsidized LPG Cylinder Rates Hiked For October

Subsidised LPG with effect from midnight Sunday will cost Rs 493.55 in Delhi , a statement issued by Indian Oil Corp (IOC) said. In Patna, the price of petrol is close to touching the psychological mark of ₹90 per litre, retailing at ₹89.87 on Monday.

Economy Facebook Sued in California Over Hack of 50 Million Accounts
Author: 0 Facebook Sued in California Over Hack of 50 Million Accounts

These tokens also allow the attackers to access any other accounts affected users log in to using Facebook. Facebook India vice-president and managing director Ajit Mohan will have to tackle these challenges head-on when he takes charge next year.The appointment of Mohan, Hotstar's former chief executive, was announced last week after about a year without an India head.

Economy Tesla Shares Jump After SEC Settlement Leaves Musk in CEO Role
Author: 0 Tesla Shares Jump After SEC Settlement Leaves Musk in CEO Role

The SEC's complaint alleged that Musk had made "false and misleading" statements , with Tesla's share price having risen on the back of Musk's tweet. Likewise, Tesla will pay another $20 million due to its failure to check whether Musk's announcements complied with the law. Musk said he later decided against the plan.

Economy Volkswagen partners with Microsoft to develop connected cars
Author: 0 Volkswagen partners with Microsoft to develop connected cars

VW had recently said it was investing €3.5 billion ($4 billion) in the digitalization of its fleet until 2025 , adding that from 2020, the company would connect more than 5 million vehicles to the cloud annually. The automaker plans to set up an automotive cloud development center near Microsoft's Redmond headquarters with a workforce that'll grow to 300 engineers.