Finance

South Africa Enters Technical Recession

South Africa Enters Technical Recession South Africa has plunged into a recession with a surprise 0.7% contraction in the second quarter of the year. It came after a 2.6 per cent contraction in the first quarter of 2018. Net exports also contributed to positive growth with its increase of 13.7%, according to Stats SA , the growth was attributed to an increase in trade in precious metals, mineral and vegetable products. [Full Article...]

Oil prices drop as storm threat eases on US Gulf coast

Oil prices drop as storm threat eases on US Gulf coast The Brent crude oil - the worldwide benchmark for oil prices - was trading at $78.01 per barrel, however, closed trading at $79.38 per barrel. Money managers are bullish on West Texas Intermediate crude futures, but not as much as on Brent. [Full Article...]

Africa's Second-Largest Economy South Africa Enters Recession

The main culprit, according to South Africa's Business Day , was a sharp contraction in the agricultural sector, which has been under political assault this year as the ruling African National Congress has pledged "expropriation without compensation". [Full Article...]

Ayanna Pressley Defeats Rep. Mike Capuano In Democratic Primary

Ayanna Pressley Defeats Rep. Mike Capuano In Democratic Primary She served as former Secretary of State John Kerry's political director when he was a US senator and became the first black woman elected to the Boston City Council in 2009 . In addition, she was endorsed by the Boston Globe . If elected in November, she will be the first black woman to represent the state in Congress. In remarks where he conceded even before the race had been called by th... [Full Article...]

Amazon temporarily became a $1 trillion company

Amazon temporarily became a $1 trillion company Last month, Apple became the first United States company to become a $ 1 trillion company . The tech and retail behemoth, founded as an online bookstore by CEO Jeff Bezos in 1994, has only been consistently profitable since 2015. Apple's valuation has risen to $1. 1 trillion since it first passed the threshold. Bezos, Amazon , and the Bezos owned Washington Post have become frequent targets ... [Full Article...]

Geoffrey Owens Speaks Out After Being Job-Shamed

Geoffrey Owens Speaks Out After Being Job-Shamed Owens appeared on Good Morning America on Tuesday and said after 15 months working at the store he made a decision to quit because of all the attention he was gaining. "I really want to thank everybody out there ... for the incredible support, the unbelievable support and positivity that they've shown for me", Owens said. [Full Article...]

Amazon Becomes Second Company To Hit $1 Trillion After Apple

Amazon Becomes Second Company To Hit $1 Trillion After Apple Amazon just became the second member of the trillion-dollar club. Its shares then hit the $2050.2677 level to give its stock a value of $1 trillion. Less than 25 year later, the company has garnered a major presence in everything from retail , to groceries, to video streaming, helping it rack up revenues of $178bn (£139bn) last year. [Full Article...]

Oil prices rise as Gulf of Mexico rigs evacuated

Brent crude, the global benchmark, was up 0.58% to $78.09 a barrel on London's Intercontinental Exchange. "We do not expect oil demand to be materially impacted in the next 6-9 months by economic uncertainty linked to U.S./China trade tensions and recent concerns over emerging markets", he added. [Full Article...]

Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points

Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points Petrol and diesel prices in the country touched their highest levels on Monday mainly due to dramatic fall in rupee and a sharp rise in crude oil rates. Officials said the spike in rates is on account of exchange rate falling to a record ₹71 to a dollar, depreciating by ₹2.5 in a month. Rupee is at an all-time low of Rs 71 while crude oil has gained $7 a barrel in the last two weeks. [Full Article...]

Private Burial Service Concludes Week of McCain Tributes

Private Burial Service Concludes Week of McCain Tributes And those words would prove the frame of reference for the remainder of the day. Another was more direct, calling for the USA leader's naysayers to "rot in hell". "I would discover that a sense of honor had been imparted to me here that would speak to me in the darkest hours", he said. "What happened was, at those times , it was always appropriate to challenge another senator's judgment, but ... [Full Article...]

Was the president firing back at Meghan McCain with his tweet?

Was the president firing back at Meghan McCain with his tweet? After a moving ceremony Saturday honoring the late Sen. John McCain's daughter, Meghan McCain , honoured her late father on Saturday as a great warrior, American and father who was "defined by love", not politics. For John McCain , the choice was easy. "Godspeed" and "Rest In Peace Maverick". It is the last event in Washington , where McCain lived and worked for over 40 years, and part of... [Full Article...]

Coca-Cola buys United Kingdom coffee giant Costa

Coca-Cola buys United Kingdom coffee giant Costa The Whitbread board unanimously backed the deal, which is expected to close in the first half of 2019. The purchase of the biggest coffee chain behind Starbucks adds to Coca-Cola's drive to diversify away from fizzy drinks and expand its options for increasingly health-conscious consumers, after countries started introducing sugar taxes. [Full Article...]

U.S. police arrest China shopping giant's CEO over misconduct claims

U.S. police arrest China shopping giant's CEO over misconduct claims Mr Liu, one of China's richest people, was arrested in Minneapolis shortly before midnight on Friday and released on Saturday afternoon. Minneapolis police spokesman John Elder said Sunday that he couldn't provide any details because the investigation is considered active. [Full Article...]

California lawmakers vote to pass toughest net neutrality law in the nation

California lawmakers vote to pass toughest net neutrality law in the nation The announcement comes on the final day of the legislative session as lawmakers scrambled to pass dozens of bills addressing everything from the internet to smoking at state beaches. Approved under Democratic Chairman Tom Wheeler in 2015, the regulations barred providers from blocking or slowing internet content, and paved the way for tough new digital privacy protections for consumers. [Full Article...]

Australia-Indonesia leaders meet in Jakarta to seal deal

Australia-Indonesia leaders meet in Jakarta to seal deal Australia's new prime minister said he wants to be best mates with his Indonesian counterpart and deepen the lagging economic relationship between the two countries. "We [Indonesia] made a decision to open our education sector to foreign investment". It would allow Australian universities to expand in Indonesia with majority ownership of campuses they set up, Lukita said. [Full Article...]

All 3 major US indexes poised to post weekly gains

All 3 major US indexes poised to post weekly gains Ford drops on ending plans to sell Chinese-made vehicle in U.S. Talks between Canada the United States to renegotiate the North American Free Trade Agreement (Nafta) ended on a sour note as the two sides were unable to reach a deal, according to the Wall Street Journal. [Full Article...]

Ethereum Ethereum Price Analysis: ETH/USD Near Significant Juncture

While Cboe is waiting for approval from the Commodities Futures Trading Commission (CFTC), crypto investors and enthusiasts have expressed relative optimism about the move. Earlier in June, one of the SEC officials opined that Ethereum was not a security. Lee is basing his analysis on the way cryptocurrency futures trading works - giving traders the ability to bet on the price movement of ... [Full Article...]

United Kingdom and Kenya step up child protection co-operation ZlotoNews

United Kingdom and Kenya step up child protection co-operation ZlotoNews The British military has run a training camp for Kenyan troops for years. Kenya, a former British colony, is now a key British ally in East Africa on trade and security. In Nigeria, Africa's biggest economy and most populous nation, May also promised closer commercial ties and promoted the longstanding presence of British companies in the country. [Full Article...]

San Francisco Denies Scooter Permits for Bird, Lime, Uber and Lyft

San Francisco Denies Scooter Permits for Bird, Lime, Uber and Lyft The pilot program ranked a total of eight operators, including Cerritos-based Razor USA, which launched an electric scooter fleet in Long Beach on August 2 but was not selected for the pilot program because it wasn't deemed able to launch within 30 days of selection. [Full Article...]

Barnier presses United Kingdom to present Irish border solution

Barnier presses United Kingdom to present Irish border solution Mr Raab said that he was confident a UK-EU deal would be reached, even if the vague October deadline was not met. For sterling bears finding it increasingly expensive to fund these short bets, some traders said Barnier's comments - indicating a slightly more conciliatory tone rather than a major shift in negotiating stance - were the final straw. [Full Article...]


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