Money

Strawberry crisis deepens: Six brands recalled after more needles found

Strawberry crisis deepens: Six brands recalled after more needles found Consumers in Queensland have been told to return or discard fruit due to the harmful contamination after a customer was rushed to a hospital after swallowing part of a needle in a strawberry. "We are working closely with our local and interstate counterparts as the investigation continues and are committed to keeping the public informed as this progresses". [Full Article...]

British Airways owner's shares drop after credit card hack

British Airways owner's shares drop after credit card hack Airline British Airways (BA) revealed yesterday that it was investigating a worrisome and sophisticated cyber attack. Furious British Airways customers have been left having to cancel their credit cards after a 15-day data breach compromised around 380,000 card payments. [Full Article...]

Mercedes-Benz EQ may form 'significant' sales

Mercedes-Benz EQ may form 'significant' sales Wajih Hossenally, an automotive powertrain analyst with IHS Markit, said that Tesla has a strong hold on the EV market at present. The Model X 75D gets 75Kwh battery pack while I-Pace has a bigger 90Kwh powerhouse. On the road, the Mercedes EQC is expected to last for about 250 miles per single charge. The plan was to invest 10 billion euros (US$12 billion) on the project, but the spending has... [Full Article...]

Friends prank McDonalds with poster kept up for 51 days

Jevh Maravilla , a Filipino-American student at the University of Houston , frequented the McDonald's branch. McDonald's, however, did not indicate whether it meant to remove Maravilla and Toledo's photo. Maravilla believes there are not a lot of Asians represented in the media and thought of the flawless opportunity to make that happen. "All races deserve recognition, and I guess I did my pa... [Full Article...]

Quentin Palfrey Wins Mass. Democratic Primary For Lieutenant Governor

Quentin Palfrey Wins Mass. Democratic Primary For Lieutenant Governor With her primary win in the safe Democratic seat, Pressley is now poised to become the state's first African-American elected to the House. There are no Republicans on the November ballot. Capuano also had the backing of the Congressional Black Caucus PAC, and Massachusetts's first African-American governor, Deval Patrick. Joe CrowleyJoseph (Joe) CrowleyThis is politics in 3D Ocasio-Cortez: "Conv... [Full Article...]

Amazon becomes the 2nd United States company to join the $1 trillion club

Amazon becomes the 2nd United States company to join the $1 trillion club Amazon has impressed investors by successfully diversifying its business into virtually every corner of the retail industry, altering how consumers buy products and putting major pressure on many brick-and-mortar stores. Amazon's share prices slightly receded after hitting the milestone, trading for $2036.95 at the time of writing. The firm is expected to account for roughly half of all online... [Full Article...]

Bring petrol, diesel under GST immediately: Chidambaram

Bring petrol, diesel under GST immediately: Chidambaram He said high fuel prices were mostly influenced by global factors. Also, crude oil has gained Dollars 7 a barrel in a fortnight, driven by fears that the United States sanctions on Iran will likely contract supplies. In July, it cut its oil production by an average of 200,000 barrels per day - a move that has created oil shortage in global market. Roodt said he thinks the government has drawn ... [Full Article...]

Gormley: Canada outplayed on NAFTA

Gormley: Canada outplayed on NAFTA Officials had appeared to be on track to reach a deal that would rewrite the North American Free Trade Agreement, but in a freaky twist, inflammatory comments from President Donald Trump angered Canadian officials and threatened to upend the talks. [Full Article...]

Elon Musk is back to insinuating Thai cave diver is a "pedo"

Elon Musk is back to insinuating Thai cave diver is a Billionaire Elon Musk said on Twitter that he wanted Ethereum "even if it [was] a scam" on Tuesday - perhaps as a tongue-in-cheek response to the cryptocurrency scammers who frequent Musk's Twitter. But Musk's decision to continue to respond to critics on Twitter indicates he won't change easily, said Charles Elson, a University of DE finance professor who specializes in corporate governance. [Full Article...]

Oil rises 2% with Brent futures hitting a two-week high

Oil rises 2% with Brent futures hitting a two-week high US light crude was 60 cents higher $68.43, heading for a gain of 3.8 percent this week. Oil also found support from a weaker dollar, which has slipped this week in response to US President Donald Trump's comment that he was "not thrilled" by the Federal Reserve's interest rate increases. [Full Article...]

S&P hits record high, equals longest-ever bull run

S&P hits record high, equals longest-ever bull run Unless the S&P 500 Index manages a drop down of 20% on 23 August, it will break the record for the longest Bull Run in Wall Street's History. The index rose as much as 0.57% to a record high of 2872.87 in afternoon NY trading, topping the previous record set on 26 January. [Full Article...]

Russian Federation is stockpiling gold as fresh sanctions from United States loom

Russian Federation is stockpiling gold as fresh sanctions from United States loom The prospect of another summit between the two leaders has been postponed until next year due to the ongoing investigation into alleged Russian interference in the 2016 U.S. The U.S. sanctioned owners of six Russian ships over allegations that they are helping transfer refined petroleum products to North Korean vessels in violation of worldwide prohibitions. [Full Article...]

Google employees not happy about new plans for China

Google employees not happy about new plans for China China has the world's largest Internet audience but has frustrated U.S. tech giants with content restrictions or outright blockages of services including Facebook and Instagram . Microsoft, which has been working within Chinese government parameters for some time , has fallen foul of one of those rules before, when a chatbot AI couldn't help but mourn the victims of Tiennamen Square, whilst ... [Full Article...]

Trump renews criticism of Turkey over United States pastor

Trump renews criticism of Turkey over United States pastor Relations between Turkey and the U.S. are at a low point over the detention of Andrew Brunson , whom Turkish President Recep Tayyip Erdogan's government accuses of being involved in an attempted coup in 2016. Moody's likewise cited the weakening lira and downgraded Turkey's debt to Ba3, as well as "heightened concerns" for the central bank's independence and "the lack of a clear and credible ... [Full Article...]

Trump Says U.S. Won't Pay Turkey for Pastor's Release

Trump Says U.S. Won't Pay Turkey for Pastor's Release William Jackson, chief emerging markets economist at London-based Capital Economics said in a note that Albayrak gave a "moderately convincing performance". Rattled markets ended a rollercoaster week on the back foot after the Turkish lira's recovery suffered a setback with tensions mounting with the US. [Full Article...]

China lodges WTO complaint over renewable energy tariffs

China lodges WTO complaint over renewable energy tariffs President Trump said Wednesday that tariffs are propelling the U.S.to better trade deals, defending his trade wars amid a new round of strong economic reports from the government. It said on May 14 it had issued a request to the WTO for a dispute settlement process with Washington. A spokesperson for China's Ministry of Commerce said in a statement that Trump's subsidy policy gives the United S... [Full Article...]

Qatar promises $15 billion investment in Turkey

Qatar promises $15 billion investment in Turkey Meanwhile, the Turkish people also expanded their boycott of other U.S. products ranging from textiles to fast food. "We got somebody out for him", Trump said . "The tariffs that the United States placed on Turkey were out of national security interests". Doha has $20 billion worth of investments in Turkey, and Ankara is one of the top exporters to the emirate. [Full Article...]

Qatar's emir travels to crisis-hit Turkey in show of support

Qatar's emir travels to crisis-hit Turkey in show of support Investors also fret over Erdogan's influence over monetary policy. Robust U.S. economic data this year, even as Europe and other major economies have lost some steam, has helped keep the U.S. In response, Turkey raised tariffs on several US-made goods , including alcohol and tobacco products and vehicles. Tuesday, Turkish President Recep Tayyip Erdogan called for a boycott of US electronics... [Full Article...]

U.S. and China meet for trade talks

U.S. and China meet for trade talks A senior USA government official confirmed the talks and said: "We expect to discuss steps to achieve a more balanced trading relationship". News of the meeting boosted the Chinese yuan and helped cap losses in China's stock markets.[CNY/][.SS]. [Full Article...]

Oil holds gain as Iran concerns counter bearish U.S. rigs report

Oil holds gain as Iran concerns counter bearish U.S. rigs report U.S. West Texas Intermediate ( WTI ) crude futures were down 23 cents, or 0.3 percent, at $66.81 per barrel. Some oil bulls are preparing for oil prices of US$150 and even US$200, Reuters reported yesterday, citing prominent hedge fund manager Pierre Andurand and Jean-Louis Mee, chief executive of Westbeck Capital. [Full Article...]


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