Finance

Facebook admits to security breach affecting 50 MILLION users

Facebook admits to security breach affecting 50 MILLION users Facebook said that it was working with the Federal Bureau of Investigation and other law enforcement agencies to help investigate the breach. Facebook has reset the access tokens of the 50 million affected accounts, it said. "This allowed them to steal Facebook access tokens which they could then use to take over people's accounts", Facebook's VP of Product Management Guy Rosen wrote in a bl... [Full Article...]

Google Grilled Over ‘Project Dragonfly’ At Senate Hearing On Data Privacy

Google Grilled Over ‘Project Dragonfly’ At Senate Hearing On Data Privacy Rumors have been swirling for weeks that Google is building a censored search engine for China . Leaked documents seen by The Intercept last month indicated that Google is planning a new search engine in China that would filter out blacklisted websites and block sensitive enquiries. [Full Article...]

Stop sending Walkers crisp packets back in post, says Royal Mail

Stop sending Walkers crisp packets back in post, says Royal Mail And if they are taking part in this campaign we would urge them to put crisp packets in an envelope before posting. Crisp bags are made from metallised plastic film and are not recyclable. "They need to listen to their customers and take action now". "Walkers is working tirelessly to tackle waste challenges, allocating significant resources and attention to this important issue". [Full Article...]

Tesla's Elon Musk hires Mark Cuban's former attorney after rejecting SEC settlement

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. Initially, it seems that even high ranking employees at Tesla were unsure what to make of Musk's tweet. At least five research firms said Musk might have to resign following the SEC lawsuit. [Full Article...]

Ryanair Cancels 150 Flights Ahead Of Europe-Wide Strike

Ryanair Cancels 150 Flights Ahead Of Europe-Wide Strike The pilots also want no financial consequences when a pilot calls in sick. They want to work under Dutch labor law, instead of the Irish. Ryanair staff have been seeking higher wages and an end to the practice of working as independent contractors without the benefits of staff employees. [Full Article...]

Ryanair cancels 190 flights THIS WEEK - holiday chaos for 30,000

Ryanair cancels 190 flights THIS WEEK - holiday chaos for 30,000 Ryanair is not quite the worst airline in the United Kingdom according to passengers - read best and worst airlines to find out who is. The troubled Dublin-based carrier said in a statement that it has agreed on a collective labour agreement with the three main cabin crew unions: FIT CISL, ANPAC and ANPAV. [Full Article...]

FTSE Russell to Include Chinese-Listed Stocks on Global Indexes Next Year

FTSE Russell to Include Chinese-Listed Stocks on Global Indexes Next Year The changes would mean that A shares make up 2.8 percent of the MSCI Emerging Markets Index by August next year, increasing to 3.4 percent when mid-cap stocks are added in 2020. Within the FTSE Global All Cap Index, China A-shares are projected to have a weight of 0.57 percent. "It is an indication the pace of inclusion is faster than the market had anticipated", he said. [Full Article...]

SEC suit accuses Elon Musk of misleading investors, deepening his legal woes

On Sept. 18, Bloomberg reported Tesla was also under Justice Department investigation . Besides making false and misleading statements, the government claims Musk's Twitter shenanigans "caused significant confusion and disruption in the market" and harmed investors. [Full Article...]

Trump 'not happy' with Fed's interest rate hike

Trump 'not happy' with Fed's interest rate hike Despite President Trump 's unusual public criticism of their monetary policy, Federal Reserve officials inched up their key interest rate again on Wednesday - and indicated they would be undaunted to do so again in the face of strong economic growth. [Full Article...]

Securities And Exchange Commission Sues Elon Musk

Tesla stock was down almost 10 percent in after-hours trading. This unjustified action by the SEC leaves me deeply saddened and disappointed. According to the SEC, Musk "knew or was reckless in not knowing" that his tweets about taking Tesla private at $420 a share were false and misleading, given that he had never discussed such a transaction with any funding source. [Full Article...]

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

Patterson said . Earlier on Monday, Oil prices rose by nearly 2 percent as the USA sanctions restricted Iranian crude exports, which helped tighten the total global supply. In the meantime, the European Union is setting up a mechanism to continue buying Iranian crude and keep the nuclear deal in place, and has invited outside partners to join it in these efforts. [Full Article...]

Tesla building vehicle carrier trailers amid "delivery logistics hell"

Tesla building vehicle carrier trailers amid Volunteers were then called in to help educate new buyers on the basics. Tesla did not immediately respond to a request for comment on its end-of-quarter push. They have plans to do so again this weekend. Auto carriers are nearly certainly not cheap to build since they are large trucks with special storage meant to move cars from a factory to dealers or other locations. [Full Article...]

World Bank report warns Gaza economy is 'collapsing'

World Bank report warns Gaza economy is 'collapsing' Israel says the blockade is meant to prevent weapons from reaching militant groups, including Hamas, which it designates as a terrorist organization and with whom it has fought three wars in the past decade. The dead man, 21-year-old Muhammad Abu Sadek, was allegedly shot by IDF soldiers and killed during clashes along the northern Gaza border near Kibbutz Zikkim, the Bethlehem-based Ma'an n... [Full Article...]

Fed Reserve Raises Rate For Third Time This Year Despite Trump's Opposition

Fed Reserve Raises Rate For Third Time This Year Despite Trump's Opposition The Fed rise and lack of Chinese response means the gap between USA and Chinese interest rates narrowed, which would normally risk a sharp rise in capital outflows as Chinese investors sought better returns overseas. economy. The higher conviction and steeper trajectory in the Fed rate path over the period so far in 2018 is backed by improved growth expectation. [Full Article...]

Trump says he refused to meet Canada's Trudeau at UN

Trump, who wants major changes to the 1994 treaty, has already concluded a text with Mexico and is threatening to leave out Canada unless it signs up by this Sunday. Canada's dairy market has remained largely closed to the U.S. ever since American dairy farmers were caught excessively dumping products inside of Canada's markets several decades ago. [Full Article...]

ABC chairman Justin Milne resigns

ABC chairman Justin Milne resigns Milne came under fire due to this week's sensational sacking of Guthrie, just halfway through her five-year-long contract. Earlier, ABC presenter Jon Faine, who has been named alongside Alberici and political editor Andrew Probyn as having attracted Government criticism, said Mr Milne's attendance yesterday was "ridiculous". [Full Article...]

China urges United States to stop 'slander' after Trump's election claims

Trump says Beijing doesn't want him or the Republicans "to win because I am the first president ever to challenge China on trade". He added: "We are winning on trade". Trump has complained about China's public relations campaign against tariffs before. "As the largest importer of USA soybeans, China is a vital and robust market we can not afford to lose", the supplement quoted Davie Stephens... [Full Article...]

US Federal Reserve raises rates as expected

In their post-meeting statement and updated economic projections, Fed policy makers made no mention of trade worries and showed no sign they would soon halt the upward march of rates. The Fed's latest forecast predicts that the unemployment rate, now 3.9 per cent, will reach 3.7 per cent by the end of this year and then 3.5 per cent next year. [Full Article...]

Distracted Boyfriend meme ruled sexist by Sweden’s ad watchdog: ‘Degrading,’ ‘objectifies women’

Distracted Boyfriend meme ruled sexist by Sweden’s ad watchdog: ‘Degrading,’ ‘objectifies women’ The image, which shows a man looking at a woman in a red dress while his girlfriend looks on in horror, has been widely parodied online. The Swedish advertising industry is self-regulating, meaning that the ombudsman can criticise ads but it does not have the power to impose sanctions. [Full Article...]

Oil jumps, then pares gains as Trump pressures Opec again

US President Donald Trump is the "main culprit" to blame for a recent surge in oil prices, Iranian Oil Minister Bijan Namdar Zanganeh said on Wednesday. The so-called "Opec+" group, which includes Russia , Oman and Kazakhstan, met over the weekend to discuss a possible increase in crude output, but the group was in no rush to do so. [Full Article...]


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