Facebook Libra backers are having second thoughts

Policy executives from Libra's more than two dozen backers - a group called the Libra Association - have been summoned to a meeting in Washington, D.C., on Thursday, according to people familiar with the matter. " Visa , Mastercard , PayPal an... More..

by | Published more than a month ago
Thomas Cook customers may wait 60 days for refunds
by | Friday, October 04, 2019

Thomas Cook customers may wait 60 days for refunds

Thomas Cook France, which employs 780 people, had already declared insolvency last week in the wake of its parent company's bankruptcy. The FRC said in a statement: "The investigation will be conducted by th...More..

U.S. manufacturing contracts to ten-year low as trade tensions drag on
by | Thursday, October 03, 2019

U.S. manufacturing contracts to ten-year low as trade tensions drag on

The economy grew at a 2.0 per cent pace in the second quarter, slowing from a 3.1 per cent rate in the January-March period. New orders, production and exports were all down in September as manufacturers...More..

Markets Right Now: Stocks rise at the end of a bumpy quarter
by | Thursday, October 03, 2019

Markets Right Now: Stocks rise at the end of a bumpy quarter

Shares of Apple Inc. rose 2.4% after Chief Executive Officer Tim Cook told a German daily that sales of the company's newest iPhones were off to a strong start, while JP Morgan raised its forecast for shipment ...More..

GM temporarily lays off 6,000 workers in Mexico due to strike
by | Thursday, October 03, 2019

GM temporarily lays off 6,000 workers in Mexico due to strike

GM chose to idle its pickup truck plant in Silao, Mexico as well as a nearby transmission plant due to a parts shortage caused by the strike, reports the Wall Street Journal . GM's losses are mounting each...More..

WTO ruling in tariff case a 'nice victory' for US
by | Thursday, October 03, 2019

WTO ruling in tariff case a 'nice victory' for US

The European Union, meanwhile, is waiting on a separate WTO ruling next year over the complaint it lodged that Boeing , a USA manufacturer and Airbus's principal rival, has likewise benefited from illegal gove...More..

United States stocks end sharply lower on deepening economic fears
by | Thursday, October 03, 2019

United States stocks end sharply lower on deepening economic fears

The latest wave of selling came after a report showed hiring by USA companies slowed more than economists expected last month, with mining and manufacturing particularly weak. The S&P index recorded three new 5...More..

Aussie interest rates: Reserve Bank cuts OCR to 0.75%
by | Thursday, October 03, 2019

Aussie interest rates: Reserve Bank cuts OCR to 0.75%

Treasurer Josh Frydenberg slammed the stinginess. This is above the 0.75% rate expected after the rate cut. But he conceded there wasn't much he could do about it, amid calls for the Federal Government to f...More..

Briefing: Samsung Ends Smartphone Production in China
by | Thursday, October 03, 2019

Briefing: Samsung Ends Smartphone Production in China

As a result, the South Korean tech giant chose to close its last standing factory due to increasing stakes and high competition in the country's domestic market. The factory was built in 1992, according to the ...More..

Charles Schwab Drops US Stock, ETF, And Options Commissions
by | Thursday, October 03, 2019

Charles Schwab Drops US Stock, ETF, And Options Commissions

And on Wednesday, E-Trade followed suit. The elimination of these commissions is the equivalent of $90-$100 million in quarterly revenue, or about 3-4% of total net revenue, CFO Peter Crawford explained on th...More..

CBOT agricultural futures end lower on technical selling
by | Thursday, October 03, 2019

CBOT agricultural futures end lower on technical selling

Farmers welcomed the rallies after crop prices plunged last month when the federal agency estimated that this autumn's harvests would be larger than many projected. The most active wheat futures on the Chicago ...More..

Trump wins ruling against European Union in aircraft trade dispute
by | Thursday, October 03, 2019

Trump wins ruling against European Union in aircraft trade dispute

The EU and USA have reached such settlements in the past. The U.S. had prepared for Wednesday's ruling and already drawn up lists of the dozens of goods it would put tariffs on. The previous record of $4 bi...More..

Iranian speaker welcomes dialogue with Saudi Arabia
by | Wednesday, October 02, 2019

Iranian speaker welcomes dialogue with Saudi Arabia

The attacks targeted the Abqaiq and the Khurais plants, causing a spike in oil prices, fires and damage that halved the crude output of the world's top oil exporter, by shutting down 5.7 million bpd of producti...More..

Donald Trump Praises Airport Worker for Stopping Out-of-Control Beverage Cart
by | Wednesday, October 02, 2019

Donald Trump Praises Airport Worker for Stopping Out-of-Control Beverage Cart

From stage right, the yellow-vested worker reappears in the video, at the helm of another airport ground support vehicle. According to Envoy Air , which is a subsidiary of American Airlines , the cart was p...More..

China unveils Dongfeng-41 missiles that 'can strike USA in 30 minutes'
by | Wednesday, October 02, 2019

China unveils Dongfeng-41 missiles that 'can strike USA in 30 minutes'

After rumours about the United States decision to delist Chinese firms registered in US Stock markets, China says that it will harm both the countries. The current economic climate is under threat by not ...More..

Eurozone manufacturing PMI hits seven-year low in September
by | Wednesday, October 02, 2019

Eurozone manufacturing PMI hits seven-year low in September

Commenting on the latest survey results, IHS Markit chief business economist Chris Williamson said with global headwinds intensifying, it is no surprise to see Malaysia's manufacturers continuing to struggle ...More..

Ford, Mahindra agree $275 mln deal for India, emerging markets
by | Tuesday, October 01, 2019

Ford, Mahindra agree $275 mln deal for India, emerging markets

As part of the agreement, M&M will acquire 51 percent stake in a wholly-owned arm of the US auto major-Ardour Automotive Private Ltd, presently a wholly-owned subsidiary of Ford Motor Company Inc, USA for aro...More..

Qatar Petroleum announces petrol price for October
by | Tuesday, October 01, 2019

Qatar Petroleum announces petrol price for October

The price list on QP website showed that premium grade petrol will cost QR1.70 per litre, the same as in September. On September 30, the price was hiked by eight paise and reached Rs 80.08 per litre. The gove...More..

DOJ and Congress skeptical over Google’s plan to encrypt DNS
by | Tuesday, October 01, 2019

DOJ and Congress skeptical over Google’s plan to encrypt DNS

Home investigators are additionally asking whether or not information collected or processed by the brand new protocol will likely be utilized by Google for any business functions, in keeping with the September...More..

Tesla Smart Summon Technology Is a Godsend For Body Shop Owners
by | Tuesday, October 01, 2019

Tesla Smart Summon Technology Is a Godsend For Body Shop Owners

The feature seems like one small step for the California automaker, but it's one giant leap for car-kind: Smart Summon is the first piece of tech to apparently allowing a auto to drive to its owner with nobod...More..

Fashion Chain Forever 21 Files For Bankruptcy, Likely to Shut 178 stores
by | Monday, September 30, 2019

Fashion Chain Forever 21 Files For Bankruptcy, Likely to Shut 178 stores

In an interview with the New York Times , Linda Chang, the chain's executive vice president, conceded after the company filed for bankruptcy Sunday that Forever 21's aggressive global expansion introduced to...More..

China factory PMI shrinks for 5th straight month
by | Monday, September 30, 2019

China factory PMI shrinks for 5th straight month

Production also rose at a quicker pace in September, buoyed by the growth in new orders. The gauge for backlogs of work increased to the highest since January 2018. The next lot of data comes in 8 days with t...More..

House Democrats Eye Whistleblower Testimony
by | Monday, September 30, 2019

House Democrats Eye Whistleblower Testimony

The two sides are still hammering out a deal that would allow the Central Intelligence Agency official to speak up without compromising his anonymity. Many Democrats are pushing for a vote on articles of impeac...More..

National Coffee Day freebies and deals
by | Monday, September 30, 2019

National Coffee Day freebies and deals

Customers will get one free hot coffee with the purchase of a hot coffee. The winners of World Coffee Roasting Championship also appeared at this festival in order to showcase their brewing skills. Still thou...More..

Forever 21 files for bankruptcy, will shutter most stores in Asia, Europe
by | Monday, September 30, 2019

Forever 21 files for bankruptcy, will shutter most stores in Asia, Europe

According to a court filing, Forever 21 has listed assets and liabilities in the range of $1 billion to $10 billion. "We do however expect a significant number of these stores will remain open and operate as us...More..

GM reverses, will pay for striking union workers' health insurance
by | Monday, September 30, 2019

GM reverses, will pay for striking union workers' health insurance

Representatives from General Motors and the United Auto Workers are expected to negotiate through the weekend as the two sides aim to avoid a third week of striking. GM clarified on Thursday that the shifting...More..

Wells Fargo tabs Charles Scharf as new CEO to lead 'transformation'
by | Monday, September 30, 2019

Wells Fargo tabs Charles Scharf as new CEO to lead 'transformation'

Tim Sloan, who had been Wells Fargo's CEO since the scandals originally broke, stepped down after what many considered a poor performance defending the bank in front of Congress in March. While members of Con...More..

Delta Soars on News of Sizable Spend for LATAM
by | Sunday, September 29, 2019

Delta Soars on News of Sizable Spend for LATAM

In recent years, Delta has attentively expanded its ownership and relationship with other global carriers, raising its stake in the parent company of Korean Air to 9.2 percent, entering a trans-border venture w...More..

Venezuela central bank considers adding cryptocurrencies to foreign reserves
by | Sunday, September 29, 2019

Venezuela central bank considers adding cryptocurrencies to foreign reserves

He state-run Petroleos de Venezuela SA is searching for a way to transfer Bitcoin and Ethereum to the central bank in order to allow the regulator to pay the suppliers of oil with the digital tokens. Press of...More..

British Airways owner says pilot strikes to hit profit
by | Sunday, September 29, 2019

British Airways owner says pilot strikes to hit profit

British Airway's owner, International Airlines Group , has issued a profit warning after taking a hit from the 48-hour strike action by its pilots earlier this month. BALPA said it offered a compromise on S...More..

Chinese Company Stocks Fall After Reports White House Could De-list Them
by | Sunday, September 29, 2019

Chinese Company Stocks Fall After Reports White House Could De-list Them

China's yuan fell.4 percent in offshore markets against the dollar after the news-nearly the weakest compared to USA currency in about three weeks. The S&P 500 index was 0.7% lower at 2,956, while the Nasdaq ...More..

Match.com used phony profiles to lure subscribers seeking love — FTC
by | Saturday, September 28, 2019

Match.com used phony profiles to lure subscribers seeking love — FTC

The FTC complaint went on to say that "consumers who considered purchasing a Match.com subscription generally were unaware that as many as 25 to 30 percent of Match.com members who register each day are u...More..

Nirmala Sitharaman asks ministries to speed up spending to boost growth
by | Saturday, September 28, 2019

Nirmala Sitharaman asks ministries to speed up spending to boost growth

The finance ministry has asked all central government departments to come up with a road map for their capital expenditure requirements for the next four quarters, Finance Minister Nirmala Sitharaman said o...More..

by | Saturday, September 28, 2019

Stocks mixed amid talk of limiting flows into China

The move would be part of a broader effort to limit USA investment in Chinese companies, two of the sources said. Meanwhile, an upbeat trade comment from one of China's top diplomats had assisted to rub out s...More..

Saudi Arabia: New tourist visa launches today - would you visit strict kingdom?
by | Saturday, September 28, 2019

Saudi Arabia: New tourist visa launches today - would you visit strict kingdom?

Saudi Arabia's ability to deliver on its aims will depend on the competitiveness of its tourist offering with those of regional rivals such as Egypt, Jordan, and the UAE, its global connectivity, and the ease o...More..