Miner Barrick agrees to buy Randgold to create $18bn gold giant

This lack of a premium for Randgold shareholders prompted scepticism from some analysts who were also concerned that Randgold's agility could be bogged down by the mammoth Barrick . The deal value, at 48.5 pound-a-share, matched Randgold's market ca... More..

by | Published
by | Monday, September 24, 2018

Oil Price Jumps To Four-Year High, Nears $81

Brent crude LCOc1 hit its highest since November 2014 at $81.39 per barrel, up $2.59 or 3.3 percent, before easing to $80.86 by 1:09 p.m. EDT (1705 GMT). Saudi Arabia signaled the kingdom is in no rush to brin...More..

Why Michael Kors Is on the Verge of Buying Versace
by | Monday, September 24, 2018

Why Michael Kors Is on the Verge of Buying Versace

Michael Kors may announce a deal as early as this week that values Versace at about $2 billion, said the people, who asked not to be identified as the discussions are private. Weber, who has a four-decade ca...More..

Could you spend 30 hours in a coffin?
by | Monday, September 24, 2018

Could you spend 30 hours in a coffin?

During this year's Fright Fest, Six Flags St. Louis will be rolling out the challenge in celebration of its 30th anniversary. Six Flags described them as "deluxe, 2'x7', slightly used coffins". Fright F...More..

Oil jumps as market tightens, more gains seen
by | Monday, September 24, 2018

Oil jumps as market tightens, more gains seen

Saudi Energy Minister Khalid Al Falih also ruled out the need to use spare capacity to increase oil output . "Decisions can only be made at OPEC meetings in the presence of all OPEC members and by consensu...More..

by | Monday, September 24, 2018

Volkswagen's Porsche drops diesel in electric auto push

The German carmaker Porsche says it will stop making diesel cars, and concentrate on petrol, electric and hybrid engines instead. It follows the emissions scandal involving parent company Volkswagen which...More..

Strawberries pulled from shelves in New Zealand after needles found within
by | Monday, September 24, 2018

Strawberries pulled from shelves in New Zealand after needles found within

The fruit, imported from Western Australia and sold under the Choice brand, had been sold at a supermarket in Auckland , Woolworths-owned Countdown . There have been over 100 reports of needles being foun...More..

Cryptocurrencies rally over Ripple's digital coin issuance
by | Monday, September 24, 2018

Cryptocurrencies rally over Ripple's digital coin issuance

It signed an agreement with London-based TransferGo which would see the company make use of Ripple's transfer solutions. In a recent interview with CNBC , Sagar Sarbhai, Ripple's Head of Regulatory Relatio...More..

ABC managing director Michelle Guthrie sacked after several months of talks
by | Monday, September 24, 2018

ABC managing director Michelle Guthrie sacked after several months of talks

Ousted ABC managing director Michelle Guthrie has responded to her shock axing, saying she is " devastated " at the decision made by the national broadcaster's board of directors and is now considering her ...More..

American Airlines Announces Nonstop Philadelphia (PHL) to Orlando Melbourne
by | Monday, September 24, 2018

American Airlines Announces Nonstop Philadelphia (PHL) to Orlando Melbourne

Police say Sankat, who carries a Florida driver's license, has dual citizenship with Canada and Trinidad and Tobago. Melbourne police took Sankat into custody and airport spokeswoman Lori Booker praised the a...More..

Labor Will Challenge UK PM on Brexit Deal, Corbyn Says
by | Monday, September 24, 2018

Labor Will Challenge UK PM on Brexit Deal, Corbyn Says

Last night Chris Grayling said the European Union knew Mrs May's red line was the Irish border issue and warned them without a softening of position by Brussels there will be no deal. Responding to a ferociou...More..

Strawberry scare: Australian supermarket stops selling needles
by | Sunday, September 23, 2018

Strawberry scare: Australian supermarket stops selling needles

An Australian supermarket chain said on Thursday it had stopped selling needles, as police across the country investigate more than 100 cases of them being found in fruit. "I'm just focused on making sure no id...More..

Weed stocks: Tilray's huge gains beyond comprehension, Citron Research
by | Sunday, September 23, 2018

Weed stocks: Tilray's huge gains beyond comprehension, Citron Research

When Tilray's unlisted Class 1 shares are included, Privateer's holdings rise to nearly 75 million shares, worth more than US$15 billion. Though there are more than 100 licensed producers in Canada, there's...More..

Nordstrom slammed for selling $530 distressed Golden Goose sneakers
by | Sunday, September 23, 2018

Nordstrom slammed for selling $530 distressed Golden Goose sneakers

The brand chose to display these shoes on an American retail chain Nordstrom and let us warn you the shoe may look cheap but in reality these pairs are being sold for $530 which is a whopping Rs. Last year, t...More..

Comcast Muscles Fox Aside With $39 Billion Offer for Sky
by | Sunday, September 23, 2018

Comcast Muscles Fox Aside With $39 Billion Offer for Sky

Comcast's repeated overtures forced Disney Chief Executive Bob Iger to spend almost $18 billion more than he initially planned, or $71.3 billion, to purchase the Fox assets. "Consumers are no longer buying whol...More..

United States oil prices surge as inventory draw adds to supply concerns
by | Sunday, September 23, 2018

United States oil prices surge as inventory draw adds to supply concerns

Week over week, USA crude oil exports rose by 539,000 barrels a day last week and US production rose from 10.9 million barrels a day to 11.0 million. The price of oil is up 7 percent in the last month and alm...More..

Uber talks on Deliveroo merger Just Eat's shares
by | Sunday, September 23, 2018

Uber talks on Deliveroo merger Just Eat's shares

According to Bloomberg news agency, Uber is conducting exploratory talks with meal delivery company Deliveroo . After closing down ride-hailing business in Southeast Asia , China, and Russia, Uber is n...More..

‘No Truth to Rumour’: Emirates, Etihad Deny Merger Reports
by | Sunday, September 23, 2018

‘No Truth to Rumour’: Emirates, Etihad Deny Merger Reports

Etihad Airlines, based in Abu Dhabi, has battled to break even. The company announced losses of $1.87 billion past year, linked to its partial purchase of Alitalia . Emirates mainly operates alone - an approac...More..

India looks to counter USA curbs on Iran oil import
by | Sunday, September 23, 2018

India looks to counter USA curbs on Iran oil import

The EU has promised to protect its business interests against the impact of United States sanctions against Iran. India's Chennai Petroleum will also stop processing Iranian crude oil from October to keep i...More..

How the auction process for Sky will work
by | Sunday, September 23, 2018

How the auction process for Sky will work

Comcast now leads Fox with a 14.75 pound a share offer for control of the pay-TV group that values it at 25.9 billion pounds (US$34.2 billion) and has been recommended to investors by Sky's independent dire...More..

Dow sets first record high since January
by | Saturday, September 22, 2018

Dow sets first record high since January

Of the 11 major sectors of the S&P 500 , all but energy ended the session in positive territory. The companies headed up the tech sector's 1.1 percent gain. The euro climbed 0.9 percent to $1.1779. The blu...More..

Tesco throws down the gauntlet to German discounters with new discount chain
by | Saturday, September 22, 2018

Tesco throws down the gauntlet to German discounters with new discount chain

Jack Cohen founded Tesco in 1919. Tesco said it was investing between 20 million pounds and 30 million pounds ($26 million to $39 million or €22.3 million to €33.8 million) in the first openings, with the sto...More..

Audi Unveils Its First All-Electric SUV To Rival Tesla In The US
by | Saturday, September 22, 2018

Audi Unveils Its First All-Electric SUV To Rival Tesla In The US

The production model SUV comes three years after the e-tron quattro concept was first introduced back in 2015 at the Frankfurt Motor Show. Intel 's Shooting Star drones have featured in many drone light show...More..

Barclays online and telephone banking services go down in 'technical hitch'
by | Saturday, September 22, 2018

Barclays online and telephone banking services go down in 'technical hitch'

Problems at Barclays began yesterday morning at 10:44 and lasted until after 4pm, the bank said. The problems, which started this morning, were affecting the Barclays website and telephone banking, although t...More..

China urges US to show sincerity, correct behaviour in trade actions
by | Saturday, September 22, 2018

China urges US to show sincerity, correct behaviour in trade actions

U.S. President Donald Trump has threatened further retaliation if Beijing takes aim at U.S. agricultural or industrial workers as he accused China of trying to sway U.S. "The global economic and trade envir...More..

by | Saturday, September 22, 2018

Indian oil refiner cancels Iran oil imports

UCO Bank and IDBI Bank have been chosen to route the oil payment to Iran since both banks have no exposure to the U.S. financial system. India wants to keep importing oil from Iran, because Tehran offers so...More..

by | Saturday, September 22, 2018

Trump Presses OPEC to Reduce Prices as Crude Trades Near $80

The president also suggested it was unfair that OPEC raises prices when, "We protect the countries of the Middle East, they would not be safe for very long without us". "It's also political because the Saudis d...More..

Tesla Model 3 earns five-star NHTSA crash rating
by | Friday, September 21, 2018

Tesla Model 3 earns five-star NHTSA crash rating

Consumer Reports later retested the Model 3 , giving it a "Recommended" rating. A Model 3 involved in a head-on collision at 60 miles per hour earlier this year also resulted in the driver walking away with j...More..

Tesco launches Jack's discount chain to rival Aldi and Lidl
by | Friday, September 21, 2018

Tesco launches Jack's discount chain to rival Aldi and Lidl

They have lowered prices and improved service, but analysts say that with Aldi and Lidl growing at 10 per cent each year it makes sense for Tesco to try to capture some of that growth. "We leverage the size and...More..

Oil slips as trade dispute casts a shadow over demand outlook
by | Friday, September 21, 2018

Oil slips as trade dispute casts a shadow over demand outlook

Iran remains "a very important exporter of oil ", said the chief of the Organization of the Petroleum Exporting Countries. U.S. President Donald Trump is likely to announce new tariffs on about $200 bil...More..

Brexit: Chequers won't work, European Union leaders tell May
by | Friday, September 21, 2018

Brexit: Chequers won't work, European Union leaders tell May

But one reporter at the press conference said May was "visibly angry and shaking throughout it". "I think Chequers now has no supporters at all". Donald Tusk , European Council president, said May's signal...More..

Amazon considering opening 3000 cashierless stores
by | Thursday, September 20, 2018

Amazon considering opening 3000 cashierless stores

If Amazon follows through with the rumored plan, it would pose a threat to convenience store chains like 7-Eleven, which must bear the expense of paying cashiers and other staff, Bloomberg said. The company...More..

Amazon launches Storefronts portal to court SMBs
by | Thursday, September 20, 2018

Amazon launches Storefronts portal to court SMBs

Amazon is thinking small for a change. Showcasing small and medium-sized businesses via its new portal could attract more of those companies to the Amazon seller platform-meaning Amazon makes more cash. Mee...More..

Get renewable energy for your 2019 Audi e-tron
by | Thursday, September 20, 2018

Get renewable energy for your 2019 Audi e-tron

While we're unsure if it will live up to those lofty aims, it is indeed one of a number of new all-electric cars that manufacturers across the industry have been planning to bring to market. After saying the ke...More..

Passengers bleed after crew forgets to maintain cabin pressure
by | Thursday, September 20, 2018

Passengers bleed after crew forgets to maintain cabin pressure

Passengers posted footage on social media showing air masks hanging from the ceiling and claiming they were given no explanation by the crew for the conditions aboard the Boeing 737 . "During climb, the crew f...More..