Finance

Merkel pledges more cash to underwrite private investments in Africa

Merkel pledges more cash to underwrite private investments in Africa Political experts see this as Merkel responding to voters after recent elections and calming the nerves within her party. Despite the uncertainties, Merkel, 64, insisted that she would not be hamstrung on the world stage. Addressing a presser here, Merz stated that the CDU is in need of a "renewal" and "a new beginning" in the wake of the heavy losses suffered by the party in the recently conducte... [Full Article...]

Ryanair Have Heartbreakingly Followed Through With Their (Possibly Illegal) New Hand-Luggage Rules

Ryanair Have Heartbreakingly Followed Through With Their (Possibly Illegal) New Hand-Luggage Rules Passengers who refuse to pay extra for "Priority" will only be permitted to travel with one small bag (35cm x 20cm x 20cm) free of charge (read about Ryanair's new baggage policy here). All other bags will now come with a charge, with the usual 10kg hang luggage bag now costing €8 and can only be checked-in. The airline said there will be a €25 fee for non-priority customers who turn up at the... [Full Article...]

Volkswagen, Mobileye to set up infrastructure for shared autonomous cars in Israel

Volkswagen, Mobileye to set up infrastructure for shared autonomous cars in Israel The two companies announced a joint venture with Israeli auto importer Champion Motors, under which Volkswagen will provide the electric vehicles and Mobileye will supply the autonomous driving technology, the companies said in a statement on Monday. [Full Article...]

General Electric cuts dividend as it reports huge loss

General Electric cuts dividend as it reports huge loss General Electric Co. plunged the most in three years after the company disclosed an expanded federal accounting probe and worsening troubles at its ailing power business. The reduced dividend will allow GE to keep about $3.9 billion in cash each year, it said Tuesday. On Tuesday, Mr Culp said GE Power's financial reporting had been influenced by "undue optimism". [Full Article...]

Reese’s puts out machine to trade unwanted candy for peanut butter cups

Reese’s puts out machine to trade unwanted candy for peanut butter cups Well, Reese's has your back. The machine will take your unwanted candy and swap it for Reese's Peanut Butter Cups. Reese's introduced the "Reese's Candy Converter" in a video on YouTube. on Halloween. But don't despair if you're outside the exchange territory: A Reese's rep says, "Stay tuned for Halloween 2019". Like Chicago-style pizza , putting ketchup on a hot dog (and whether or not... [Full Article...]

India Jumps 23 Places On World Bank’s Ease Of Doing Business Index

India Jumps 23 Places On World Bank’s Ease Of Doing Business Index The WB data showed that various measures undertaken by the Narendra Modi-led NDA government - the Goods and Services Tax (GST) in July, relaxed construction permit, ease in starting a business and trading across borders - helped India jump 23 places from its rank of 100 in 2017. [Full Article...]

Facebook daily user growth slows as sales miss forecasts

Facebook daily user growth slows as sales miss forecasts Profit jumped nine per cent to US$5.14 billion on revenue that leaped 33 per cent to US$13.7 billion in the quarter that ended Sep 30. In Q1 2018 , for example, it reported 2.20 billion monthly active users and that's now 2.27 billion as of September 30th, 2018. [Full Article...]

Work halted at fracking site after another 'micro-seismic event'

Work halted at fracking site after another 'micro-seismic event' Fracking at a gas exploration site in Lancashire has been halted again after another tremor was detected underground. The 1.1 magnitude tremor at the site in Little Plumpton, Lancashire, was the strongest since work began on October 15.at the site. [Full Article...]

Govt Sends Letters to RBI Invoking Section 7 of RBI Act

Govt Sends Letters to RBI Invoking Section 7 of RBI Act First letter under Section 7 followed Allahabad court's verdict in RBI versus Power companies. The development comes amidst growing rift between the centre and the central bank after the RBI deputy governor Viral Acharya , in a fiery speech, warned that undermining a central bank's independence could be "potentially catastrophic". [Full Article...]

Gwyneth Paltrow again he got himself in trouble

Gwyneth Paltrow again he got himself in trouble Goop , the lifestyle brand owned by actress Gwyneth Paltrow , has been reported to the U.K.'s trading standards and advertising watchdogs over allegations that it makes misleading claims about its products. Goop product "The Mother Load ", for example, is advertised as a "top-of-the-line natal protocol" with 69 percent of the daily value of vitamin A for pregnant women. [Full Article...]

China Trade War Rhetoric Weighing Further on the Chinese Yuan (CNH)

China Trade War Rhetoric Weighing Further on the Chinese Yuan (CNH) Stocks took a tumble Monday with the Dow Jones Industrial Averageexperiencing a dramatic swing to close down almost 250 points amid concerns of another wave of Chines tariffs. He has long threatened to impose tariffs on all remaining Chinese imports into the United States if Beijing fails to meet his demands for sweeping changes to trade, technology transfer and industrial subsidy policies. [Full Article...]

Amazon, other tech giants face United Kingdom 'digital services tax'

Amazon, other tech giants face United Kingdom 'digital services tax' The Chancellor shelved his pledge to eliminate the UK's budget deficit in favour of giveaways to workers, cuts to business rates, more cash for Universal Credit and increases in public spending. Mr Hammond defended the decision to deliver the tax cuts, insisting they were promises in the Tory manifesto a year ago. "I think he has abandoned any idea of getting to budget balance by the mid-2020s". [Full Article...]

National Oilwell Varco, Inc. (NYSE:NOV) Buckles Under The Trend Lines

National Oilwell Varco, Inc. (NYSE:NOV) Buckles Under The Trend Lines We see here that Alexandria Real Estate Equities, Inc. Investors will commonly use Williams %R in conjunction with different trend indicators to assist uncover possible stock turning points. Old Mutual (Uk) Limited reported 0% stake. Beta factor measures the amount of market risk associated with market trade. Murphy Capital Mgmt holds 5,850 shs. [Full Article...]

Father eating with sons shoots, kills gunman at McDonald's

Father eating with sons shoots, kills gunman at McDonald's The gunfire began shortly before 10:45 that night as an employee was unlocking the door to let the man and his sons out of the restaurant, which was closing, AL.com reported. "He's looking for us". Police did not release the slain gunman's name Monday, and Williams said it was being withheld pending notification of the man's relatives. [Full Article...]

FBI conducting criminal investigation into Tesla

FBI conducting criminal investigation into Tesla The FBI is reportedly looking back at evidence and production figures starting from early 2017 according to people familiar with the situation. According to the WSJ's report , Federal Bureau of Investigation agents have been reaching out to former Tesla employees to get them to testify if a criminal case goes to court. [Full Article...]

Aurora Cannabis' stock surges after getting approval to ship cannabis to Polan

Aurora Cannabis' stock surges after getting approval to ship cannabis to Polan In addition, the points of sale have formed such deviless line that police had to stand guard near the crowd to maintain public order, writes the Independent. "Given the craze created by the legalization of cannabis and the scarcity of products across Canada, the SQDC expects significant short-term supply challenges for branches", the organization said. [Full Article...]

Lion Air plane crashes in Indonesia

Lion Air plane crashes in Indonesia A 737-800 can carry up to 162 passengers plus crew. Latif said that the jet lost contact with air traffic control some 13 minutes into the flight, and crashed into the sea. According to TRT , Lion Air Group chief executive Edward Sirait said information on the missing plane was being sought and no further details could be given at this moment. [Full Article...]

UK Royal Mint Halts Plans to Offer Gold-Backed Crypto

UK Royal Mint Halts Plans to Offer Gold-Backed Crypto The institution responsible for printing coins for circulation throughout the UK, Her Majesty's Royal Mint , has canceled plans to launch a gold-back cryptocurrency following the government's decision to veto the project, Reuters reported on Thursday . [Full Article...]

IBM to Acquire Red Hat for $34 Billion

IBM to Acquire Red Hat for $34 Billion Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone. Red Hat, which is publicly traded, has a market cap of $20.5 billion . Red Hat made bets to compensate for this, most prominently with OpenShift and a container platform. "Open source is the default choice for modern IT solutions, and I'm incredibly proud of the role Red Hat has played in making t... [Full Article...]

Microsoft overtakes Amazon as second most valuable U.S. company

Microsoft overtakes Amazon as second most valuable U.S. company Apple Inc .is the most valuable on the list with a market cap of more than $1 trillion after it crossed that threshold last month. Shares of Microsoft remain up almost 4 percent from Wednesday, when the four-decade-old software company beat quarterly profit expectations, driven by its cloud computing business that competes with Amazon's. [Full Article...]


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