Economy


Nash latest MP caught up in dual-citizenship saga
- August 19, 2017

Like the dual nationality case of Barnaby Joyce , Senator Nash's case will be referred to the High Court. Nash revealed she is a United Kingdom citizen by descent because of her Scottish-born father in a short, unheralded statement to the Senate on Thursday evening just before the adjournment. (more...)
The Punisher: Netflix Releases First Trailer for Frank Castle's Return The Punisher: Netflix Releases First Trailer for Frank Castle's Return
- August 19, 2017

But before Daredevil ( Charlie Cox ), Jessica Jones ( Krysten Ritter ), Luke Cage ( Mike Colter ) and Iron Fist ( Finn Jones ) team up to defend New York City, the producers of the show divide the four into pairs. Is there some endgame where Luke and Jessica will end up together? Thankfully The Defenders lives up to those expectations, but so far it hasn't yet exceeded them - yet being the operative word, of course, because odds are that the second half of the series will probably ... (more...)
Facebook to demote misleading videos Facebook to demote misleading videos
- August 19, 2017

Today it started downranking the News Feed presence of links that display a fake play button in the preview image, as well as videos that are actually just a static image uploaded as a video file. The company makes frequent changes to the News Feed , typically testing potential features at length before making them official. Facebook warned that publishers who rely on these "intentionally deceptive practices" should brace themselves for a dramatic decrease in the distribution of ... (more...)
Air Berlin files for Bankruptcy Air Berlin files for Bankruptcy
- August 17, 2017

In both cases, shareholder Etihad Airways decided it could no longer keep pumping funds into these strategic partners. Berlin will support the plan with a bridge loan of 150 million euros, ensuring that Air Berlin flights will continue according to schedule. (more...)
'We will not be blackmailedŲŒ' Chicago suing Trump over immigration laws 'We will not be blackmailedŲŒ' Chicago suing Trump over immigration laws
- August 08, 2017

But a new Justice Department policy requires any recipient to allow immigration authorities unlimited access to local jails.as well as 48 hours' notice before releasing anyone wanted for immigration violations. These grants are typically used to buy police vehicles and other equipment. CHICAGO , IL - JUNE 26: Chicago Mayor Rahm Emanuel speaks during a press conference to announce the use of a mobile ballistics lab being operated by the Bureau of Alcohol Tabaco and Firearms (ATF) in ... (more...)
Martin Shkreli Speaks out Guilty Verdict Martin Shkreli Speaks out Guilty Verdict
- August 06, 2017

After the conviction , Shkreli said that he was he was glad to be exonerated on numerous charges and "we're delighted in many ways". "He's likely going to second guess his decision to not plea and he'll have a long time to think about it", said David Chase, a former prosecutor for the Securities and Exchange Commission. (more...)
Strong dollar imperils economy and jobs, RBA warns Strong dollar imperils economy and jobs, RBA warns
- August 03, 2017

The meeting, scheduled at 12.00 BST on Thursday, August 3, is not expected to result in a change of policy, despite the relatively close vote of 5-3 not to raise interest rates at the previous meeting. Inflation is expected to pick up gradually as the economy strengthens. Commodity prices have generally risen recently, although Australia's terms of trade are still expected to decline over the period ahead. (more...)
GM slashed July rental vehicle sales, boosted commercial fleet GM slashed July rental vehicle sales, boosted commercial fleet
- August 03, 2017

Several major automakers, including GM, Ford, Fiat Chrysler Automobiles, Nissan Motor Co. and Hyundai Motor Co. said they sharply reduced rental vehicle sales in July, and they portrayed the decisions as putting profit ahead of sales volume. (more...)
Some Lawmakers Pose Concerns About Foxconn Deal Some Lawmakers Pose Concerns About Foxconn Deal
- July 31, 2017

Foxconn , formally known as Hon Hai Precision Industry Co Ltd, said in a statement that the investment "signifies the start of a series of investments by Foxconn in American manufacturing in the coming years". Wisconsin has also pledged $3 billion in incentives for the company. Syracuse University Professor Jason Dedrick said the main issue is "whether the benefits outweigh the costs of various subsidies likely used to attract Foxconn's investment" and if "this investment can attract ... (more...)
US GDP rebound fails to ignite dollar spark US GDP rebound fails to ignite dollar spark
- July 29, 2017

Many economists, however shrugged off that performance, saying Commerce routinely underestimates growth early in the year because of challenges making seasonal adjustments in categories such as defense spending and exports. That would follow two straight quarters when investment in homebuilding supported GDP growth. The increase in business investment reflected increases in all three components: structures, equipment, and intellectual property products. (more...)
Over a million Americans quit Twitter in just three months Over a million Americans quit Twitter in just three months
- July 28, 2017

The micro-blogging firm reported adjusted earnings of 8 cents per share, which was ahead of consensus at 5 cents per share on $573.9 million in revenue , which also beat consensus at $537.5 million in revenue . Twitter is rapidly trying to roll out products that will help make the service better, like trying to curb harassment and making the service easier to use with algorithmic feeds. (more...)
Sensex hits fresh peak of 32135.91; Nifty touches 9939.30 Sensex hits fresh peak of 32135.91; Nifty touches 9939.30
- July 25, 2017

The broader Nifty surged above 9,950 level to trade at 9,968.05, up by 52.08 points, or 0.53 per cent. Buying in heavyweights of energy, FMCG, financials, IT and consumer durable sectors lifted the key indices on better than expected financial results, brokers said. (more...)
Amazon rolling out Alexa to its Android shopping app Amazon rolling out Alexa to its Android shopping app
- July 22, 2017

To give Android users a better taste of Alexa , Amazon is updating its Android app with Alexa functionality . So, once the feature is live on all the Android handsets, users can ask Alexa about anything as they normally would while using it on Echo devices . (more...)
Scripps Networks Interactive, Inc. (SNI) Up on Discovery Merger Buzz Scripps Networks Interactive, Inc. (SNI) Up on Discovery Merger Buzz
- July 21, 2017

It has a 36-month beta of 0, so you might not be in for a bumpy ride. About 9.75 million shares traded or 673.81% up from the average. It has underperformed by 16.70% the S&P500. SRS Capital Advisors Inc. boosted its position in Scripps Networks Interactive by 13.3% in the first quarter. KCG Holdings Inc.'s holdings in Scripps Networks Interactive were worth $2,227,000 as of its most recent SEC filing. (more...)
'Atypical' Form of Mad Cow Disease Confirmed in Alabama Cow 'Atypical' Form of Mad Cow Disease Confirmed in Alabama Cow
- July 20, 2017

The animal died at the market before entering the slaughter channels and samples were sent to a USDA lab in Iowa for confirmation. A rare and spontaneous disease was discovered in an Alabama beef cow just prior to slaughter at a livestock market, according to the Alabama Department of Agriculture and Industries. (more...)
The top paid journalists and news presenters at the BBC The top paid journalists and news presenters at the BBC
- July 20, 2017

This is the first time the pay of its high-paying stars has been revealed. Unsurprisingly, the pay gap in the vast majority of industries is skewed towards men, however, there are numerous areas in which female workers earn more than male workers. (more...)
BHP Billiton PLC (NYSE:BBL) Stake Increased by Cypress Wealth Advisors LLC BHP Billiton PLC (NYSE:BBL) Stake Increased by Cypress Wealth Advisors LLC
- July 20, 2017

JPMorgan Chase & Co. boosted its stake in BHP Billiton PLC by 68,636.4% in the first quarter. CENTRAL TRUST Co now owns 5,668 shares of the mining company's stock valued at $201,000 after buying an additional 85 shares in the last quarter. (more...)
Audi ad China blowback for mom's treatment of son's bride Audi ad China blowback for mom's treatment of son's bride
- July 20, 2017

The commercial aired in China and it shows a young couple on their wedding day. The woman proceeds to pinch the bride's nose, pull back the bride's ear, examine the inside of her mouth, and stare furiously at the bride's breasts. A spokesman for Audi's Chinese publicity department told Hong Kong's South China Morning Post an investigation had been launched and the company's marketing in China was the responsibility of its local joint venture partner. (more...)
Lucky Whitehead posts stolen dog Blitz is 'home safely' Lucky Whitehead posts stolen dog Blitz is 'home safely'
- July 19, 2017

Moreover, who steals a dog and then demands a ransom? 'I strongly advise you to stop and return my boy safely before it gets any worse!' Whitehead wrote in a post on Instagram . The beloved pup of Cowboys wide receiver and return specialist Lucky Whitehead was returned to his rightful owner last night, after a freakish series of events that played out on social media over the past 36 hours. (more...)
USA says Iran complying with 2015 n
- July 19, 2017

Two entities - the IRGC Aerospace Force Self Sufficiency Jihad Organization and the IRGC Research and Self Sufficiency Jehad Organization - were designated by the State Department for contributing to Iran's ballistic missile program. Instead, senior Trump administration officials sought to emphasize their deep concerns about Iran's non-nuclear behavior and vowed that those transgressions won't go unpunished. (more...)
Here's Where to Get Free Fries on National French Fry Day Here's Where to Get Free Fries on National French Fry Day
- July 14, 2017

You can go basic and eat these crispy, fried gems on their own or with ketchup (or any other insane sauce). Maybe you love just plain o' fries or do you love to add Chili and Cheese to them. McDonald's: Can't get fries today? Arby's - Want free curly fries? On National French Fry Day, Fox Pizza is offering customers a half hoagie, a 20-oz. (more...)
NSE technical glitch matter of serious concern: Fin Min NSE technical glitch matter of serious concern: Fin Min
- July 11, 2017

The cash, as well as, the futures & options segments of the exchange had to be shut down. The Economic Times reported that around 10.20 am, the bourse said the glitch had been fixed and announced a pre-open session at 10.30 and start of trade in both cash and F&O segments from 10.45. (more...)
Rody set to meet senators on martial law, BBL
- July 11, 2017

The military has been having a hard time retaking parts of Marawi still controlled by the terrorists , as snipers from the enemy side still lurk around the conflict zone. For his part, Presidential Spokesperson Ernesto C. Abella said of Mr. Alvarez's remarks that the Speaker has "clarified that his remarks to extend martial law until 2022 is his personal opinion". (more...)
West Indies beat India by nine wickets in one-off T20 West Indies beat India by nine wickets in one-off T20
- July 10, 2017

Only Australians Aaron Finch (156) and Glenn Maxwell (145 not out) have recorded higher scores. The last time that Gayle played for West indies in a T20 worldwide was when they beat England to lift the World T20 in 2016 and Cricket West Indies chairman of selectors Courtney Browne was delighted to have him back on board. (more...)
North Korea's nukes not on negotiation table - Kim North Korea's nukes not on negotiation table - Kim
- July 09, 2017

On Saturday South Korea and the United States conducted another drill, this time with US B-1B Lancer strategic bombers and United States and South Korean jet fighters. "The answer in respect of North Korea is the denuclearisation of North Korea and for it to stop its reckless conduct, its reckless and provocative conduct, and as I said to you yesterday, the nation with overwhelmingly the greatest leverage over North Korea is China". (more...)
Air Asia X plane makes Emergency landing in Brisbane Air Asia X plane makes Emergency landing in Brisbane
- July 05, 2017

The man also said in the midst of the chaos, he "saw the airline hostess praying". As the mid-air confusion unfolded, the pilot ordered passengers to turn off all electrical devices and cameras. Tim Joga, 31, told the Sydney Morning Herald that he heard about "four or five bangs" coming from the right-side before noticing flames coming out of the engine on that side. (more...)
Do Oil Prices Have Room To Fall Further? Do Oil Prices Have Room To Fall Further?
- July 04, 2017

Taking Dubai oil as a benchmark, prices so far in 2017 are 25 percent above last year's $41 average, while OPEC production in the same time is 2 percent, or 700,000 bpd, below 2016's average, he said. However, if there is a big change in the horizontal rig count in the USA, bringing the number down or stock draws are continued or the OPEC production limits are increased, then the situation and pricing could be substantially impacted. (more...)
Pacquiao vs. Horn fight card: Full list of undercard matches
- July 02, 2017

Pacquiao (59-6-2, 38 KOs) is seeking his first stoppage win since his technical knockout of Miguel Cotto in 2009. "I think maybe there's going to be some underestimation of us there", Rushton told reporters. Horn , a former schoolteacher, will reportedly get paid $500,000. "Game face is on. I'll probably still maintain my relaxed state until fight day but I'm really looking forward to getting out there tomorrow and getting the job done", he said during Saturday's weigh-in. (more...)
German audience laughs after Trump Cabinet member's address cut off German audience laughs after Trump Cabinet member's address cut off
- July 01, 2017

Bahlsen , head of the CDU Economic Council, told the audience Tuesday evening. "As you saw, he spoke a bit slowly, so it took a bit longer". German Chancellor Angela Merkel on Tuesday called on the U.S. Merkel, who will host a G20 summit in Hamburg on July 7-8, said late on Monday she did not see common interests between the United States and Europe on climate and trade policy at the moment. (more...)
Sony Will Press its First Vinyl Records in in 30 Years Sony Will Press its First Vinyl Records in in 30 Years
- July 01, 2017

According to Sony , the unit had already set up a record cutting machine to make lacquer masters at a Tokyo recording studio. The Nikkei said the lineup will include popular Japanese songs from the past, including Sony-owned titles, as well as chart-topping contemporary albums. (more...)
U.S. to announce new enhanced aviation security measures U.S. to announce new enhanced aviation security measures
- June 29, 2017

It will apply to an average of 325,000 passengers a day flying to the USA from 280 airports in 105 countries, according to the agency. "We can not play worldwide whack-a-mole", Kelly said Wednesday. The specifics of numerous new security measures will not be released due to security reasons, CNN reported. They also urged passengers to consult with their airlines before flying. (more...)
Amtrak Names Richard Anderson as New CEO Amtrak Names Richard Anderson as New CEO
- June 28, 2017

Former Delta CEO Richard Anderson will serve as the new CEO of Amtrak. To view the full article, register now. Anderson will work alongside current CEO Wick Moorman, whom Amtrak appointed as a transitional CEO in September 2016, through the end of the year, at which point Moorman will move into an advisory position, according to Amtrak. (more...)
EU, Britain agree on timetable for Brexit talks EU, Britain agree on timetable for Brexit talks
- June 28, 2017

She had called the early vote herself, saying it was to strengthen her mandate in the Brexit talks. But Mr Davis, the Howden and Haltemprice MP, insisted the Government's approach would not alter. "Tory David Davis has crumbled on the very first day of Brexit negotiations, as he was forced to agree to the EU's timetable", wrote the Daily Mirror, a left-leaning tabloid. (more...)
Google faces 2.42 bn euros fine for antitrust rules breach Google faces 2.42 bn euros fine for antitrust rules breach
- June 28, 2017

It wasn't just about making its product better than those of its rivals. The company reiterated its former statements that mega-retailers like Amazon and eBay remain the first destination for most online searches. The EU complaint is not about convenience, however. But this is far from the first time the European Commission has penalised USA tech giants for what it views to be bad behaviour. (more...)
Boeing, Ryanair finalize order for 10 additional 737 MAXs
- June 27, 2017

Boeing's overall tally is a bigger number partly because it counts aircraft with 90 seats or more, whereas Airbus starts at 100 seats. "As competition and our business continue to grow, the superior efficiency and additional capacity of the 737 MAX 10 will allow us to keep differentiating ourselves and offer the best all-inclusive business and economy fares to our loyal passengers", he said . (more...)

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