Economy

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.

Economy Bitcoin price (BTC/USD) surges to over one-month high near $7,000
Author: 0 Bitcoin price (BTC/USD) surges to over one-month high near $7,000

The partying on the streets soon ended with the price falling below the $6,300 mark to around $6,220. Within 48-hours, the BTC price surged from $6,150 to $6,549, propped up by a cluster increase in daily trading volume. One of the banks is legitimate, while the other is an unknown entity that also has "Deltec" in its name. Consequently, Bitcoin exchanged at $7,500 Dollars on Bitfinex.

Economy SAP to stay in Saudi Arabia, hopes for clarity on missing journalist
Author: 0 SAP to stay in Saudi Arabia, hopes for clarity on missing journalist

Now I have to accept: "That is not going to happen", Attiah wrote Wednesday. Turkish crime scene teams were seen leaving the consulate early on Thursday morning. On arrival, Khashoggi was reportedly shown into the office of the Saudi consul, Mohammad al-Otaibi, where the Saudi agents grabbed him and began torturing and beating him, according to the account in the Times .

Economy May 'to consider' extending UK's post-Brexit transition period
Author: 0 May 'to consider' extending UK's post-Brexit transition period

French finance minister Bruno Le Maire optimistically declared "we are not far from a deal" on the morning of the summit. But, more importantly for Mrs May, he also offered her some political top cover against the cries of betrayal coming from some Brexiteers, pointing out that in September last year during her Florence speech the prime minister talked about a transition period of "around two years" - the current transition proposal is 21 months, leaving Mrs May some space to move.

Economy A guide to Canada's legal cannabis
Author: 0 A guide to Canada's legal cannabis

In Quebec, the legal purchasing age will be 18, and while citizens will also be permitted to carry up to 30 grams of the drug in public, the legal limit for possession on private property will be 150 grams. In this September 25, 2018 photo, marijuana plants are shown growing in a massive tomato greenhouse being renovated to grow pot in Delta, British Columbia, that is operated by Pure Sunfarms, a joint venture between tomato grower Village Farms International, and a licensed medical marijuana ...

Economy Fed officials discussed hiking rates to 'restrictive' level
Author: 0 Fed officials discussed hiking rates to 'restrictive' level

This week Trump said he was happy with Powell but not with a couple other Fed appointments; one of those is Quarles who may use the occasion to push back. The Dow Jones industrial average on Wednesday fell 91.74 points, to 25,706.68. USA presidents usually remain silent on such issues in respect toward the Fed's independence.

Economy Switzerland loses top spot as USA named most competitive economy
Author: 0 Switzerland loses top spot as USA named most competitive economy

It showed that the country is one of five developing economies in the East Asia and Pacific Region where growth increased more than 6 percent. In its worldwide competitiveness rankings report released today, which ranks 140 countries based on 98 indicators and 12 pillars, WEF ranked Taiwan 1st in the "Macroeconomic stability" pillar, sharing the top spot with 31 other countries.

Economy Pompeo meets Erdogan after talks with Saudis on missing journalist
Author: 0 Pompeo meets Erdogan after talks with Saudis on missing journalist

Meanwhile, Arabic channel Al-Jazeera quotes Turkey's attorney-general's office as saying it has found evidence to back claims that Mr Khashoggi was killed inside the mission. Trump has taken a less aggressive stance toward the Saudis, suggesting on Monday after speaking with Saudi King Salman that perhaps " rogue killers " were behind the disappearance of Khashoggi, a sharp critic of the crown prince.

Economy Cabinet welcomes joint Saudi-Turkish Khashoggi probe
Author: 0 Cabinet welcomes joint Saudi-Turkish Khashoggi probe

The Saudis have strongly denied the accusations, but USA media outlets have reported that they will acknowledge Khashoggi was killed in a botched interrogation. The G7 foreign ministers said in a statement on Wednesday that they remained "very troubled" by Khashoggi's disappearance. Saudi officials have not responded to repeated requests for comment from The Associated Press in recent days.

Economy Canada is now the largest country with legal marijuana marketplace
Author: 0 Canada is now the largest country with legal marijuana marketplace

Uruguay was first was the first country to legalize marijuana. Legalisation began at midnight with shops in Canada's eastern-most provinces the first to sell the drug. "We're not legalising cannabis because we think it's good for our health". "It's been hectic", said Roseanne Dampier, who joined her husband - both former welders - in opening Alternative Greens, a licensed store in Edmonton, Alberta.

Economy Lindsey Graham Says 'Toxic' Mohammed Bin Salman 'Has To Go'
Author: 0 Lindsey Graham Says 'Toxic' Mohammed Bin Salman 'Has To Go'

A Turkish official told the AP the investigators found evidence that Khashoggi had been slain, but didn't offer details. "The investigation is looking into many things such as toxic materials and those materials being removed by painting them over", Erdogan told reporters.

Economy Numbers for Mega Millions drawing
Author: 0 Numbers for Mega Millions drawing

Now, for a bit of a spoiler: A jackpot ticket was not sold in California, California Lottery officials said late Tuesday. Mega Millions says the previous record jackpot was a $656 million prize that was shared by winners from Kansas, Illinois and Maryland in March 2012.

Economy Lyft's monthly subscription service gives you 30 rides for $300
Author: 0 Lyft's monthly subscription service gives you 30 rides for $300

That represents a monthly savings of $149 for frequent users compared to a la carte charges, but riders pay the difference for trips that cost more than $15. Available to everyone in the USA by the end of the week, Lyft's All-Access Plan lets you plunk down a chunk of change each month for access to "free" rides.

Economy Saudi Arabia Says It Will Increase Output To Keep Oil Market Stable
Author: 0 Saudi Arabia Says It Will Increase Output To Keep Oil Market Stable

Brent crude rose 63 cents, or 0.8 percent, to settle at $81.41 a barrel, while West Texas Intermediate (WTI) crude ended the session up 14 cents at $71.92 a barrel. Zanganeh also said the United States "has done most of the things it could do, and there is not much left to do against Iran", according to comments reported by Iran's ISNA agency.

Economy Audi hit with €800m in penalties over diesel emissions scandal
Author: 0 Audi hit with €800m in penalties over diesel emissions scandal

Audi has been fined €800 million (around £700m) as part of a settlement with German prosecutors investigating breaches of diesel emissions rules. The penalty by Munich prosecutors is just the latest effect of the scandal that emerged in 2015 and initially wiped out billions off the company's value.

Economy YouTube Faces Widespread Outage, Says
Author: 0 YouTube Faces Widespread Outage, Says "Working On Resolving This"

When users tried to access YouTube videos, they encountered error messages. The outage appears to have begun around 6 p.m. PT, according to outage monitors and comments on Twitter. Representatives for YouTube and Google did not immediately respond to a request for more information. No, you're not alone; YouTube has been having some server issues today.

Economy Elon Musk, Tesla SEC settlement gets federal judge's approval
Author: 0 Elon Musk, Tesla SEC settlement gets federal judge's approval

For his Boring Company tunneling venture, Musk raised $1 million and drew media attention last year for selling 50,000 branded hats , and earlier this year, he raised $10 million by selling 20,000 branded flamethrowers . Musk later scrapped the proposal, saying investors believed that Tesla would be "better off as a public company". Specifically, Musk called out a goal of one million miles, the same number which the posted drive unit is said to have driven.

Economy Trump threatens to cut off aid to Honduras over caravan of migrants
Author: 0 Trump threatens to cut off aid to Honduras over caravan of migrants

Honduras' ability to stop the caravan also may be limited because it has already moved into Guatemala. Some migrants asked for money, others passing a bakery were handed bread. President Trump warned Honduras on Tuesday that his administration will cease all aid to the country unless it stops a large caravan of migrants making its way to the United States border.

Economy PM Modi to brainstorm oil scenario with global CEOs
Author: 0 PM Modi to brainstorm oil scenario with global CEOs

The country is heavily dependent on imports, with around 83 per cent of the fuel being bought from overseas. Interacting with CEOs and Experts from Oil and Gas Sector from India and overseas in New Delhi , the Prime Minister drew their attention on certain key policy issues relevant to India.

Economy Another fuel price hike looms for November
Author: 0 Another fuel price hike looms for November

Petrol costs Rs 82.72 per litre and has witnessed an increase of Rs 1.22 per litre since the October 4 decision. The petrol price increase expected to rock the pumps in November will effectively mean that motorists are paying R4 more per litre compared to the beginning of the year.

Economy Facebook Hacker Accessed Personal Details For 29 Million Accounts
Author: 0 Facebook Hacker Accessed Personal Details For 29 Million Accounts

Rosen said Facebook is cooperating with the ongoing FBI investigation into the breach , but would not give any details on who the hackers were or where they were based. New York Times reporter Mike Isaac summed up the feeling of many affected Facebook users when he tweeted a. In addition, attackers could see the posts and lists of friends and groups of about 400,000 users.

Economy Saudis considering plan to admit that Khashoggi was killed in consulate
Author: 0 Saudis considering plan to admit that Khashoggi was killed in consulate

The members arrived by unmarked police cars but said nothing to journalists waiting outside as they entered the building. US President Donald Trump said on Monday he had seen a media report that Saudi officials might say Khashoggi was killed during an unauthorised interrogation, but "nobody knows" if this was an official report.