Economy

Nigel Farage Doesn't Think Rupert Murdoch Wanted To Win Sky Bid

Nigel Farage Doesn't Think Rupert Murdoch Wanted To Win Sky Bid U.S. cable giant Comcast's bid was £17.28 per share, beating 21st Century Fox's £15.67 per share, after the auction went to the maximum three rounds. Acquiring Sky would also expand the content and distribution model that Roberts has embraced since buying NBCUniversal seven years ago. Crucially for Comcast, Sky has a growing video-streaming business. [Full Article...]

Porsche stops making diesel models after VW emissions scandal

Porsche stops making diesel models after VW emissions scandal Porsche and its parent Volkswagen have seen their image take a beating after VW admitted to rigging diesel cars worldwide to fool emissions checks in a scandal widely known as "Dieselgate". Stuttgart-based Porsche in February stopped taking orders for diesel models, which it had sold for almost a decade. The company had already set aside $30bn (£23bn) to settle fines, compensation and b... [Full Article...]

Michelle Guthrie Fired From Position As ABC Managing Director

Michelle Guthrie Fired From Position As ABC Managing Director The former Google executive said at no time had her plan to modernise the ABC come under fire, and that she had been effective in delivering on her state goals of shaking up Aunty. The broadcaster lost substantial government funding on Guthrie's watch, with many connecting the gaffes to the cuts. David Anderson , the ABC's director of entertainment and specialist divisions, will act as ma... [Full Article...]

New South Wales Police Threaten to Jail Fruit 'Pranksters'

New South Wales Police Threaten to Jail Fruit 'Pranksters' Police are investigating more than 100 reports of needle-tampering cases across the country, many of which are suspected copycat cases or hoaxes. On Wednesday, Australia's Prime Minister Scott Morrison said in a press statement that the current maximum penalty for food contamination offenses will be increased from a 10 years to 15 years. [Full Article...]

India Oil Firm Cancels Imports from Iran

India Oil Firm Cancels Imports from Iran Looking to win waivers, India is reportedly significantly reducing Iranian oil purchases this month and next. India is yet to take a call on complying with the US sanctions on Iran. USA officials have said Washington would consider waivers for Iranian oil buyers such as India if they promise to cut imports significantly and ultimately bring it down to zero. [Full Article...]

Saudis indicate comfort with higher oil prices

Saudis indicate comfort with higher oil prices US oil production in August averaged 10.9 million barrels per day, the EIA estimates - up by 120,000 barrels per day in June. The rise in crude oil prices this quarter could contribute to increases in cash from operations and capital expenditures, said the EIA in its review, which included Big Oil, Rosneft, and Sinopec, and many smaller companies and US companies focused on shale production. [Full Article...]

Oil rises on signs Opec not prepared to boost output

Oil rises on signs Opec not prepared to boost output Brent crude oil was up 70 cents a barrel at $78.79 by 1345 GMT. US West Texas Intermediate ( WTI ) crude was down 15 cents, or 0.22 percent, at $68.76 per barrel. Ministers from Opec and non-Opec producers meet on Sunday to discuss compliance with output policies. As if to support Barkindo's plea, if only obliquely, Alexander Novak , energy minister for Russian Federation, stated on Mon... [Full Article...]

Coca-Cola May Start Making Cannabis Beverages

Coca-Cola May Start Making Cannabis Beverages Shares of the company, Aurora Cannabis Inc., closed up almost 17 percent on the Toronto Stock Exchange after the report. This is widely being interpreted as yet another indication that cannabis-related products are being seen as more legitimate in mainstream culture. [Full Article...]

Jet Airways passengers suffer ear and nose BLEEDING after pilot error

Jet Airways passengers suffer ear and nose BLEEDING after pilot error The passengers are being treated at Mumbai airport . Some passengers even complained of bleeding from their ears and noses due to low cabin pressure levels, CNN reported . Because of this, aircraft are pressurised to simulate a lower altitude inside the cabin. India's Ministry of Civil Aviation has asked for a report ASAP from its investigatory arm, Al Jazeera reports. [Full Article...]

Audi launches electric SUV in Tesla's backyard, with help from Amazon

Audi launches electric SUV in Tesla's backyard, with help from Amazon The luggage area measures 660L with the second row in place, including a 60L compartment under the floor. Future owners of the 2019 Audi e-tron can be extra green with a new partnership between the automaker and Arcadia Power. Speaking of charge, the battery system in the e-tron can be charged to 80 percent capacity in just 30 minutes using a fast-charging system. The e-tron includes many ... [Full Article...]

Amazon considering opening 3000 cashierless stores

Amazon considering opening 3000 cashierless stores The cashierless shops allow customers to load up on snacks and walk out without the hassle of standing in line as the store sends a bill later.While Seattle and Chicago are already living the dream, Amazon is now considering a plan to open upwards of 3,000 cashierless stores over the course of the next few years, according to AdAge . [Full Article...]

Jack Ma warns that trade war will drag on for decades

Jack Ma warns that trade war will drag on for decades Under that succession plan, Zhang will be promoted to executive chairman on September 10 next year, while Ma will remain a director on Alibaba's board and a permanent member of the Alibaba Partnership, according to a letter to all staff including the South China Morning Post , which is wholly owned by the New York-traded company. [Full Article...]

McDonald's workers, activists protest alleged sexual harassment in 10 cities, including Chicago

McDonald's workers, activists protest alleged sexual harassment in 10 cities, including Chicago Employees in 10 cities are participating, including Chicago , Miami, Los Angeles, New Orleans and San Francisco. "It made me feel uncomfortable, embarrassed and afraid at work", she stated. Equal Employment Opportunity Commission in May, alleging pervasive harassment at some of McDonald's franchise restaurants. In Harrell's May complaint filed against McDonald's operator Jamjomar Inc.in... [Full Article...]

Here are some top Phoenix spots for National Cheeseburger Day

Here are some top Phoenix spots for National Cheeseburger Day Offer good all day September 18. Fuddruckers is taking a different approach to National Cheeseburger Day: a 3-Pound Burger Challenge . Buy anything you want from the menu and get a free cheese slider. Burger King: BOBO free Whooper and more coupons with the BK app download. Wayback Burgers will have a buy one, get one free special for cheeseburgers all day through its app. [Full Article...]

USTR finalizes $200 billion in China tariffs

USTR finalizes $200 billion in China tariffs The two side already traded tariff salvos on $ 50 billion in goods from each country in the summer. Last month, China unveiled a response list of tariffs on $60 billion of US goods ranging from liquefied natural gas to certain types of aircraft. [Full Article...]

Saudi wealth fund plunges $1bn into Tesla rival Lucid

Saudi wealth fund plunges $1bn into Tesla rival Lucid Founded in 2007 by former Tesla vice president and board member Bernard Tse and partner Sam Weng as Atieva Motors, Lucid started by building batteries for electric buses, cars, and motorcycles. Range will extend to 400 miles on a full charge, Lucid said. The Lucid investment, which PIF said is more than $1 billion but did not give an exact figure, is also part of Saudi Arabia's plan to build an ... [Full Article...]

USA wages trade war on China with new $200bn tariffs

USA wages trade war on China with new $200bn tariffs In a pair of early morning tweets on Monday, Trump hailed his combative trade policy as a boon to American economic health and said the USA steel industry, which the White House has championed in new protectionist measures, was now "the talk of the world". [Full Article...]

Apple Watch, AirPods excluded from next round of tariffs says new report

Tariffs increase the cost of goods to U.S. buyers, and lead to higher prices for the same items from domestic producers and imports from countries that have avoided tariffs. Washington has already imposed 25 percent duties on $50 billion of Chinese goods over what it alleges are unfair trade practices. At the same time, China introduced its own tariffs to the same value. [Full Article...]

Merger of Vijaya Bank, Dena Bank & Bank of Baroda announced

Merger of Vijaya Bank, Dena Bank & Bank of Baroda announced Bengaluru-based Vijaya Bank's Managing Director and Chief Executive Officer R A Sankara Narayanan said these three banks were the best possible combination for an amalgamation. Rationalisation of overseas operation in banking sector is in full swing. Rajiv Kumar, Department of Financial Services Secretary , announced that the decision was arrived at after meeting of the "alternative mechanism" ... [Full Article...]

Trump economic adviser says USA wants serious trade talks with China

Trump economic adviser says USA wants serious trade talks with China The ten percent tariff will take effect on September 24, and rise to 25 percent on January 1, 2019. Apple Inc and Amazon.com, the world's top two companies by market capitalisation, fell 2.6 percent and 3.2 percent respectively, marking their biggest fall since late April, on worries about new tariffs, which were unveiled after USA market close on Monday. [Full Article...]


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