Economy

Facebook is now down for many desktop users

Facebook is now down for many desktop users Some claimed they were struggling to log into the Messenger and Facebook app. Based on comments there, local outages lasted from a few seconds to around half an hour. Update , 10:50 a.m. PT: Facebook is working again for people who previously reported issues. But around 12:27 p.m., everything on Facebook appeared to return to normal. [Full Article...]

Shooting Star or UFO? - Reports To Shannon Air Traffic Control

Shooting Star or UFO? - Reports To Shannon Air Traffic Control Shannon ATC queried: " Alongside you? ". She said it came along the left-hand side of the plane before veering rapidly north. Whatever it may have been, pilots stated that the bright light was going at an "astronomical" speed of at least Mach 2 (2,500 km/h), which is twice as fast as a commercial jetliner! "We didn't think it was a likely collision course, just wondering what it could be".... [Full Article...]

Amazon chooses New York City neighborhood, DC suburb for HQ2

Amazon chooses New York City neighborhood, DC suburb for HQ2 Amazon.com Inc has selected New York City and Northern Virginia as the company's second and third headquarters, the Wall Street Journal reported.An announcement could come as soon as Tuesday, the newspaper reported, citing unidentified people familiar with the plan. [Full Article...]

OPEC moves to combat plummeting oil prices

OPEC moves to combat plummeting oil prices With oil wallowing in a bear market , OPEC and its allies gathered in Abu Dhabi on Sunday to weigh production cuts. Oil rose by more than 1 per cent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day. [Full Article...]

Major oil producers foresee oversupply, edge closer to production cuts

Major oil producers foresee oversupply, edge closer to production cuts Meeting to examine how to curb a sharp slide in oil prices , the producers said they "reviewed current oil supply and demand fundamentals and noted that 2019 prospects point to higher supply growth than global requirements". In this light, Saudi Arabia has announced a new round of output cuts aimed at supporting the prices - which are, in the near-term, still expected to remain at that country'... [Full Article...]

Fed expected to hike U.S. interest rates in December as economy strengthens

Fed expected to hike U.S. interest rates in December as economy strengthens A statement it issued after its latest policy meeting portrayed the economy as robust, with healthy job growth, low unemployment, solid consumer spending and inflation near the Fed's 2 percent target. Given how upbeat the Fed's assessment of the economy is, Wall Street thinks a December rate hike is nearly certain. Chairman Jerome Powell has stressed that the Fed is determined to follow a middle... [Full Article...]

Microsoft acquires two veteran gaming studios in ongoing Xbox exclusive push

Microsoft acquires two veteran gaming studios in ongoing Xbox exclusive push Microsoft's annual X0 event kicks off Saturday, this time live from Mexico City where the company is expected to announce a slew of news, show off plenty of games and discuss the future of the Xbox One and Windows PC. This isn't all. Other games coming to Xbox Game Pass include Ori and the Blind Forest, Kingdom Two Crowns , and Hellblade: Senua's Sacrifice this December. [Full Article...]

POLITICALIFE: Chinese Splash $35 Billion On Singles Day

POLITICALIFE: Chinese Splash $35 Billion On Singles Day Singles' Day, also called "Double 11" is the world's biggest online sales event, outstripping the sales of USA shopping holidays Black Friday and Cyber Monday combined. Online sales growth is also slowing across the board in the country's eastern mega-cities, including Shanghai and Beijing, and Alibaba said roughly 75 percent of new users last quarter were in "less developed" areas. [Full Article...]

Canada's Bombardier to cut 5,000 jobs in restructuring

Canada's Bombardier to cut 5,000 jobs in restructuring About half the cuts, or 2,500 layoffs, were announced for the Canadian province of Quebec, the International Association of Machinists and Aerospace Workers said in a statement. On a conference call Thursday with analysts, Bombardier CEO Alain Bellemare also acknowledged the company is "exploring strategic options" for its Canadair regional jet program, where he said the company is losing money. [Full Article...]

Best Buy releases its Black Friday deals on high-tech gadgets

Best Buy releases its Black Friday deals on high-tech gadgets Free coffee and Christmas cookies will be available to the courageous souls who show up - though most of Walmart's Black Friday deals will come online the evening before, at 10 p.m. With low unemployment and a growing economy, retail analysts expect consumers will significantly move the needle on retail spending. Here's what will be on sale, according to Walmart's Black Friday ad scan . [Full Article...]

United Kingdom minister Jo Johnson resigns over Brexit

He labelled Theresa May's Brexit plans as "delusional" and said they put the country at the brink of the greatest crisis since World War Two. 'I think this is so important that it's up to MPs to take a stand, ' Mr Johnson, the brother of Boris Johnson , told BBC Radio . [Full Article...]

McConnell suggests he could work with Democrats on drug prices

McConnell suggests he could work with Democrats on drug prices Asked about it on Monday, Mr Trump replied stiffly: "I don't care". This doesn't close the door on bipartisanship. "We are going to have to ruthlessly prioritise because there is so much that has gone wrong", Democrat Adam Schiff , who is expected to become chairman of the House Intelligence Committee, said ahead of the election. [Full Article...]

U.S. court halts construction of Keystone XL oil pipeline

U.S. court halts construction of Keystone XL oil pipeline Judge Brian Morris of the U.S. District Court for Montana , who was appointed by Mr. Obama, handed environmentalists a huge victory by saying Mr. Trump's decision to sign the permit for the Canada-to-Texas pipeline shortly upon taking office did not have a sufficient basis. [Full Article...]

Indonesian plane grounded after passengers complain about stinky durian

Indonesian plane grounded after passengers complain about stinky durian Footage of the incident, uploaded to Facebook by a passenger named Amir Zidane, shows travellers milling around on the tarmac as aircrew unload the offending cargo, whose smell has been likened to rotten onions, turpentine and dirty gym socks. [Full Article...]

Oil prices down 20% in a month as fundamentals weaken

Oil prices down 20% in a month as fundamentals weaken But there was no clarity or response to whether if USA was considering waiver for Chabahar and the International North-South Trade Corridor (INSTC). India has poured $2 billion into Afghanistan since the 2001 US-led overthrow of the Taliban regime, which was also opposed by Iran. [Full Article...]

Telstra CFO hangs up, plugs in as new Tesla chair

Telstra CFO hangs up, plugs in as new Tesla chair Tesla announced Denholm's appointment weeks after the Financial Times reported that James Murdoch, who also sits on Tesla's board, was the frontrunner. Denholm is now the Chair of Tesla's Audit Committee a role she will step away from until her initial 6 month notice period is complete. Tesla has appointed Robyn Denholm as its chairwoman after Elon Musk was forced to stand down in a boardroom ... [Full Article...]

Former Obama Adviser: Dems May Retake House, But 'Blue Wave' Won't Happen

Former Obama Adviser: Dems May Retake House, But 'Blue Wave' Won't Happen Fueling their intensity has been Trump's anti-immigration rhetoric and policies, his efforts to dismantle health care protections enacted under President Barack Obama and the #MeToo movement's fury over sexual harassment. Stirring fear of foreigners and trumpeting American nationalism worked for Trump in his 2016 election victory against the Democrats' establishment candidate Hillary Clinton ... [Full Article...]

Americans vote in mid-term elections

Americans vote in mid-term elections President Trump shakes hands with House Majority Leader Kevin McCarthy during a rally this summer. He added: "The Democrat agenda is a socialist nightmare". "This first midterm, at this check-in moment, to have these different forces converge in different ways, to have the different loud landscape for the House and the Senate". [Full Article...]

Amazon in 'advanced talks' to build new HQ near DC

Amazon in 'advanced talks' to build new HQ near DC She said she did not know when state officials last talked with Amazon or if they will reach out to the company following the Post's report. The high-stakes battle surrounding which of 20 metropolitan areas Amazon will choose for its second headquarters hit another plot twist over the weekend. [Full Article...]

Amazon may decide to create two HQ2 locations, instead of just one

Amazon may decide to create two HQ2 locations, instead of just one At the time of writing, the Wall Street Journal has reported that Amazon may be splitting its future HQ2 across two cities, with 25,000 employees in each. The process certainly hasn't been rushed, as it took Amazon until January of 2018 to release their 20 city shortlist . Amazon has fuelled an economic boom in its hometown of Seattle, where it is also often blamed for traffic problems and skyr... [Full Article...]


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