Airbnb sets 2020 as target for proposed initial public offering

Airbnb has not clarified whether it has confidentially filed its S-1 IPO paperwork, which would include basic financial information for potential investors to consider. A number of tech-focused startups hoping to go in for an IPO this year have face... More..

by | Published more than a month ago
Elon Musk: 'pedo guy' tweet to Vern Unsworth not accusation
by | Saturday, September 21, 2019

Elon Musk: 'pedo guy' tweet to Vern Unsworth not accusation

Musk called Unsworth " pedo guy " on Twitter after Unsworth accused Musk in a CNN interview of grandstanding by offering to build a mini-submarine to rescue the soccer players . Attorneys representing...More..

Brexit: Corbyn says 'misunderstanding' over backstop comments
by | Saturday, September 21, 2019

Brexit: Corbyn says 'misunderstanding' over backstop comments

However, Labour remains concerned that Johnson could simply ignore this law or find a loophole to try to force a no-deal Brexit on October 31. Members of the Jewish community hold a protest against Britain'...More..

GM Strike: Workers Share Why They Fight : The Picture Show
by | Saturday, September 21, 2019

GM Strike: Workers Share Why They Fight : The Picture Show

Union officials say almost 700 workers at the General Motors propulsion plant in St. Catharines were handed temporary layoff notices Friday. "It's tough on those members, and they're looking to get back to wo...More..

Saudi Arabia vows quick recovery despite damage to plant
by | Saturday, September 21, 2019

Saudi Arabia vows quick recovery despite damage to plant

The news comes as Secretary of State Mike Pompeo returns from a trip to the region where he consulted with Saudi rulers and other Gulf allies on the situation in the region and next possible steps. But the H...More..

FDA reveals criminal probe into vaping-related lung condition
by | Friday, September 20, 2019

FDA reveals criminal probe into vaping-related lung condition

It will focus on the supply chain and figuring out what is making people sick. Seven of these cases, including this first death, have been confirmed using the case definition developed by the Centers for Dise...More..

WeWork delays IPO until end of 2019
by | Friday, September 20, 2019

WeWork delays IPO until end of 2019

The US co-working giant is now planning to complete its float by the end of this year. Investors fear that WeWork's business model may not be sustainable and have voiced concerns about its governance under ...More..

UK, US agree on 'unified response' to Aramco attacks
by | Friday, September 20, 2019

UK, US agree on 'unified response' to Aramco attacks

The U.K. and the United States administrations have agreed on a "unified response" to last Saturday's attacks on the Aramco oil facilities in Saudi Arabia , a British government statement said Wednesday. It ...More..

OECD sees zero growth for Italy in 2019 - English
by | Friday, September 20, 2019

OECD sees zero growth for Italy in 2019 - English

The outlook covers all G20 economies and includes downward revisions to projections from the previous Economic Outlook in May 2019 for nearly all countries, particularly those most exposed to the decline in glo...More..

Saudi Arabia Shuts Pipeline to Bahrain After Oil Outage: Trade Sources
by | Friday, September 20, 2019

Saudi Arabia Shuts Pipeline to Bahrain After Oil Outage: Trade Sources

The strike on the world's largest oil refinery at Abqaiq and an oil field at Khurais on Saturday knocked out more than half of Saudi crude output, or five per cent of global supply. "Amid all the calls for de-e...More..

Saudi Arabia Asks Iraq For Oil
by | Friday, September 20, 2019

Saudi Arabia Asks Iraq For Oil

Regardless of whether Tehran and Washington finally strike a deal, making good on such threats is critical to Iran's strategy, given that the country must demonstrate to any USA president that it can and will e...More..

Kiran Mazumdar Shaw questions Nirmala Sitharaman's priority on e-cigarettes ban
by | Friday, September 20, 2019

Kiran Mazumdar Shaw questions Nirmala Sitharaman's priority on e-cigarettes ban

Domestic equity benchmark BSE sensex on Friday surged over 1800 points after finance minister Nirmala Sitharaman announced that corporate tax rates will be slashed for domestic companies and new domesti...More..

Novartis halts distribution of its Zantac versions amid probe into impurities
by | Friday, September 20, 2019

Novartis halts distribution of its Zantac versions amid probe into impurities

NDMA is classified as a probable human carcinogen. Ranitidine is an over-the-counter and prescription histamine-2 blocker, which decreases the amount of stomach acid. "In the case of ARBs, the FDA has recomm...More..

EU Tax Bill 'Defies Reality and Common Sense,' Says Apple
by | Friday, September 20, 2019

EU Tax Bill 'Defies Reality and Common Sense,' Says Apple

It found the Irish state had given undue tax benefits worth €13 billion to Apple through two tax rulings in 1991 and 2007. Ask Apple or the Irish Government and they will say that this is a case of sovere...More..

Does not need Middle East oil, but cargoes keep coming
by | Friday, September 20, 2019

Does not need Middle East oil, but cargoes keep coming

Yesterday, Saudi Arabia said preliminary findings showed that Iranian weapons were used in the attacks but stopped short of directly blaming the Iranian Islamic Republic. "Trump also insisted that he does n...More..

A couple of takeaways from the Fed and Powell
by | Thursday, September 19, 2019

A couple of takeaways from the Fed and Powell

The board reiterated that the BOJ "will not hesitate to take additional easing measures" if there is a greater possibility that the momentum toward the 2 percent target will be lost, as Governor Haruhiko Kuroda...More..

These Period Tracker Apps Are Sharing Your Private Information With Facebook
by | Thursday, September 19, 2019

These Period Tracker Apps Are Sharing Your Private Information With Facebook

Not only is the passing on of such sensitive data a no-no given period-tracker apps can also determine a user's mood, but that data could also then be used by advertisers on Facebook to target specific prod...More..

General Mills voluntarily recalls flour over E. coli risk
by | Thursday, September 19, 2019

General Mills voluntarily recalls flour over E. coli risk

Those with recalled products are encouraged to throw out the flour, and contact General Mills at 1-800-230-8103. Only one date code of the Gold Medal Unbleached All Purpose Flour five-pound bags was affected by...More..

President Trump says ECB’s rate cut hurting USA exports, blasts Fed
by | Thursday, September 19, 2019

President Trump says ECB’s rate cut hurting USA exports, blasts Fed

Asian stocks advanced on Friday as hints of progress in the US-China trade dispute and aggressive stimulus from the European Central Bank helped to counter worries about a global economic slowdown. With other...More..

The Tesla Model 3 just earned the IIHS' top safety award
by | Thursday, September 19, 2019

The Tesla Model 3 just earned the IIHS' top safety award

Model 3 has already earned a 5-star safety rating from safety authorities in North America , Europe , and Australia . " Vehicles with alternative powertrains have come into their own ", IIHS Chief Resear...More..

LSE snub of HKEX shows doubts over Hong Kong
by | Thursday, September 19, 2019

LSE snub of HKEX shows doubts over Hong Kong

The LSE board said in a statement it had "fundamental concerns about the key aspects of the conditional proposal: strategy, deliverability, form of consideration and value ". LSE's shares added 1.2% after the n...More..

Global regulators to question Facebook's Libra amid European Union concerns: paper
by | Thursday, September 19, 2019

Global regulators to question Facebook's Libra amid European Union concerns: paper

Regulators in Switzerland, for example, say they are open to working together with their worldwide counterparts on creating a robust governing framework for the Libra cryptocurrency . In the absence of spec...More..

Disney chief Iger exits Apple board of directors
by | Thursday, September 19, 2019

Disney chief Iger exits Apple board of directors

Disney itself recently announced a streaming service of its own in April - Disney Plus - further entangling Iger's commitments. For years, Apple and Disney have been about as close as two massive corpora...More..

Oil prices spike after Saudi attack disrupts global supply
by | Thursday, September 19, 2019

Oil prices spike after Saudi attack disrupts global supply

However, the listing has been repeatedly delayed, with analysts citing low oil prices as well as squeamishness over disclosing facts and figures about the firm which have traditionally been viewed as state secr...More..

China’s economy slows again in August
by | Thursday, September 19, 2019

China’s economy slows again in August

China's power generation climbed 1.7 percent year on year in August, a faster growth than the 0.6-percent rate recorded in July , official data showed Monday. Analysts had expected a rise of 5.6%. The past...More..

Evidence Indicates Iranian Arms Used in Saudi Attack, Riyadh Says
by | Thursday, September 19, 2019

Evidence Indicates Iranian Arms Used in Saudi Attack, Riyadh Says

DOE to also release strategic stocks to fill the gap if the Saudi outage is prolonged", it said , referring to the International Energy Agency and the U.S. And in a world already concerned about supply, the ...More..

‘Defies reality and common sense’, Apple on $14 billion EU tax order
by | Thursday, September 19, 2019

‘Defies reality and common sense’, Apple on $14 billion EU tax order

The State's appeal in the Apple ruling will be heard by Europe's second highest court in Luxembourg later today in what's being described as the world's biggest tax case. "The European Commission has tried to...More..

Sen. Risch: 'Hard to look the other way' on Iran drone attack
by | Thursday, September 19, 2019

Sen. Risch: 'Hard to look the other way' on Iran drone attack

It appears to be a startlingly swift rebound for such a massive attack. Brent crude oil futures were flat at $64.55 a barrel by 0732 GMT. Supply is growing and demand is weak. The whiplash in the American pos...More..

Fed cuts interest rates to prop up the slowing economy
by | Thursday, September 19, 2019

Fed cuts interest rates to prop up the slowing economy

However, 7 of the 17 dots favour one more 25bp cut this year, albeit no-one expects more than a 25bp cut. The economic expansion appears durable in its 11th year of growth, with a still-solid job market and...More..

Iran officially warns USA against accusations of attack on Saudi Aramco
by | Wednesday, September 18, 2019

Iran officially warns USA against accusations of attack on Saudi Aramco

Saudi officials separately planned to share information about the weapons used to attack a Saudi oil field and the world's largest crude oil processing plant Saturday. Eighteen drones and seven cruise missi...More..

Saudi Arabia races to restore oil supply after strike blamed on Iran
by | Monday, September 16, 2019

Saudi Arabia races to restore oil supply after strike blamed on Iran

Early on Saturday, two major Saudi Arabian oil facilities were set ablaze in a coordinated drone attack , forcing the kingdom to shut down half its oil production and sparking fears of a big jump in oil...More..

OPEC Cuts 2020 Oil Demand Forecast
by | Friday, September 13, 2019

OPEC Cuts 2020 Oil Demand Forecast

Iraq , the second-biggest producer in OPEC behind Saudi Arabia , has said that it would cut its current production by 175,000 bpd by October, Reuters reported on Thursday after a monitoring panel of OPEC a...More..

Oil Climbs on Saudi Arabia Ministry Shuffle
by | Friday, September 13, 2019

Oil Climbs on Saudi Arabia Ministry Shuffle

The surge in US shale production over the last five year has put Saudi Arabia and its allies on the back foot, forced to concede market share to shore up prices. Despite now getting the top role overseeing S...More..

China may resume purchasing USA farm goods
by | Thursday, September 12, 2019

China may resume purchasing USA farm goods

Trade negotiators have said they will meet in Washington in early October, raising hopes for an easing of tensions between the world's two biggest economies. use of punitive tariffs to force China into a trade ...More..

Rouhani Says US 'Warmongering' against Iran Will Fail
by | Thursday, September 12, 2019

Rouhani Says US 'Warmongering' against Iran Will Fail

On Wednesday, Bloomberg cited sources, saying that Trump earlier this week, on Monday, discussed easing sanctions on Iran with an aim to secure a meeting with Iranian President Rouhani, which caused Nationa...More..