Money

British Airways warning announcment to its passengers

British Airways warning announcment to its passengers BA says the breach relates to bookings made between 10.58pm on August 21 and 9.45pm on September 5. It said no passport or travel details were compromised. Alex Cruz, British Airways' chairman and chief executive, said: "We are deeply sorry for the disruption that this criminal activity has caused". "I asked repeatedly for an explanation". [Full Article...]

Thai cave rescue boys recreate ordeal in mall

Thai cave rescue boys recreate ordeal in mall Equipment used by rescuers and other items were also on show. Psychologists had counselled that the boys after their rescue in July should be given a six-month respite from being pressed to recount their experience for the sake of their mental health. [Full Article...]

Amazon tops US$1 trillion in stock market value

Amazon tops US$1 trillion in stock market value If the online retailer's shares keep up their recent pace, it would be a matter of when, not if, Amazon's stock market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on August 2 . It has held above that level since October 27, 2017. Inc on Tuesday became the second United States company to reach $1 trillion in stock market value , just weeks after Apple Inc hit the ... [Full Article...]

Meet the Alexandria Ocasio-Cortez of the Massachusetts Primary

Meet the Alexandria Ocasio-Cortez of the Massachusetts Primary Pressley was endorsed by fellow congressional upstart Alexandria Ocasio-Cortez. Pressley was long considered the underdog. That wave of change sweeping Pressley into Congress could help the incoming freshmen overcome her low spot on the political totem pole, said Democratic strategist Scott Ferson, who helped Seth Moulton win over incumbent U.S. [Full Article...]

Fuel price will rise next month despite government intervention

Fuel price will rise next month despite government intervention Apart from crude oil prices in the global market and the weakening rupee, one of the factors affecting fuel prices is the high value added tax (VAT) in the state of Maharashtra. Union minister of Petroleum and Natural Gas, Dharmendra Pradhan, blamed the "isolated" policies of the USA for the "abnormally" rising fuel prices in the country. [Full Article...]

Trump Gets Labor Day Off to a Feisty Start

Trump Gets Labor Day Off to a Feisty Start However, Canada and the US did not meet the negotiating deadline, and talks are to continue this week. On Saturday, President Donald Trump tweeted that Canada will be left out of the new NAFTA agreement if a fair deal can't be reached, stating there was "no political necessity" for its inclusion. [Full Article...]

China to give $60 billion in financial support to Africa, Xi says

China to give $60 billion in financial support to Africa, Xi says The exemption, he said, will be granted to Africa's least developed countries, heavily indebted and poor countries, landlocked and small island developing countries that have diplomatic relations with China. "Long-term, sustainable China-Africa development depends on the young people of both sides", Liu said. The commitment comes on top of another US$60 billion announced at the summit three ye... [Full Article...]

Lego built a life-size Bugatti Chiron you can drive

Lego built a life-size Bugatti Chiron you can drive Danish toymaker Lego announced Thursday that it has built a full-scale model of the $3 million Bugatti Chiron hypercar, and that it's the first life-size, fully-drivable Lego vehicle. The $3 million Bugatti Chiron is the kind of sports auto that makes gearheads swoon. LEGO , you have truly outdone yourselves with this build. Lego's latest creation was unveiled today in Monza, It... [Full Article...]

NAFTA successor deal makes US bottom line clearer

NAFTA successor deal makes US bottom line clearer The pressure came one day after the US president again blasted the Canadian dairy industry during his announcement of a trade agreement with Mexico that he said could replace NAFTA . The prime minister simply repeated his mantra that his government will protect supply management at all costs. White House economic adviser Larry Kudlow hammered the point on Tuesday, saying the United States would... [Full Article...]

View: By a 99.3% verdict, demonetisation was a farce

View: By a 99.3% verdict, demonetisation was a farce Over 100 lives were lost. After the midnight stroke by Prime Minister Narendra Modi , the invalid notes called specified bank notes, were allowed to be deposited in banks across the country with significant deposits coming under income tax scrutiny. [Full Article...]

Mexico's president-elect thanks Trump for being respectful

Mexico's president-elect thanks Trump for being respectful He was one of the first people who Andres Manuel Lopez Obrador met with following his July 1 election as Mexico's next president. "I have confirmation that she would be available the moment we believe we can enter into the trilateral" discussions, he said. [Full Article...]

Scott Morrison to step in for Malcolm Turnbull

Scott Morrison to step in for Malcolm Turnbull And with senior ministers defecting, Turnbull's near three-year grip on power is tenuous despite surviving a snap ballot on his leadership on Tuesday, winning the vote 48-35. Several ministers have tendered their resignations. "When the partyroom meeting is called, I will invite a spill motion to be moved". It is hard to escape the conclusion that it is time the voters were given a say. [Full Article...]

Trump ‘not thrilled’ with Fed chairman over interest rate hikes

Trump ‘not thrilled’ with Fed chairman over interest rate hikes In an interview with Reuters , the president said he was not thrilled with the rate hikes under new Fed boss Jerome Powell, repeating comments made last month about the bank's tightening measures. "Dealers are optimistic about the trade talks between the U.S. and China, despite the less cheery tone from Washington DC and Beijing", said market analyst David Madden at CMC Markets UK. [Full Article...]

Pepsi buys SodaStream for a future beyond cola

Pepsi buys SodaStream for a future beyond cola SodaStream sells machines used with compatible carbon dioxide capsules and optional flavoured syrups, and its success in locking in customers allowed it to recently raise its full-year outlook. Pepsi said its strong global distribution capabilities would position SodaStream for further expansion. SodaStream, which has incurred the wrath of pro-Palestinian activists for its factory in a large Wes... [Full Article...]

Trump asks SEC to study ending quarterly earnings for public companies

Trump asks SEC to study ending quarterly earnings for public companies Half-yearly reporting would mark a huge change in USA disclosure requirements and put them in line with European Union and United Kingdom rules. It isn't immediately clear what impact it would have on stock markets or the broader economy if public companies moved to reporting their earnings every six months rather than on a quarterly basis. [Full Article...]

Tesla Stock Drops As Elon Musk Unloads On 'Excruciating' Year

Tesla Stock Drops As Elon Musk Unloads On 'Excruciating' Year The newspaper reported that during an hour-long telephone interview Mr Musk alternated between laughter and tears, acknowledging he was working up to 120 hours a week and sometimes took Ambien to get to sleep. Most of the company's board members have ties and relationships with Musk, but Elson and Gordon say they also have a fiduciary duty to all the other shareholders. [Full Article...]

Turkish lira weakens to 5.86, USA warns of more sanctions

Turkish lira weakens to 5.86, USA warns of more sanctions The pastor row is one of several between the North Atlantic Treaty Organisation allies, including diverging interests in Syria and USA objections to Ankara's ambition to buy Russian defense systems, that have contributed to instability in Turkish financial markets. [Full Article...]

Reuters Poll: China unperturbed by trade war at the street level

Reuters Poll: China unperturbed by trade war at the street level In part to press Ankara to release U.S. Evangelical pastor Andrew Brundson, Trump raised tariffs on Turkish steel to 50 percent, and aluminum duties to 20 percent. In order to protect its trade interests, China has deemed necessary to resort to the WTO dispute settlement mechanism. Only a fraction went to the United States, with India the biggest market. [Full Article...]

Asian shares gain on U.S.-China trade talks, lira recovers

Asian shares gain on U.S.-China trade talks, lira recovers Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira infected the rand and drove demand for safe harbours, including the USA dollar, Swiss franc and yen. In the months preceding the blockade Turkish companies were handling projects worth about $11.6bn in Qatar, most of which is put into FIFA World Cup 2022 projects, according to Qatar Chamber. [Full Article...]

Turkey's Erdogan vows U.S. boycott, but diplomats resume talks

Turkey's Erdogan vows U.S. boycott, but diplomats resume talks The row with Washington has helped drive the lira to record lows, with the currency losing more than 40 per cent of its value against the dollar this year, prompting central bank liquidity moves to support it. It recovered a bit, by four per cent to around 6.12 lira per US dollar Wednesday, after the government took steps to shore up the currency by reducing the daily limit in bank foreign ... [Full Article...]


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