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Economy

The small businesses are active across 11 countries, mostly in Europe, as well as Mexico and Brazil. "With almost half a million merchants on their platform, Jacob de Geer and his team add best-in-class capabilities and talent that will expand PayPal's market opportunity to be a global one-stop solution for omnichannel commerce".
  • Retailer Gap says 'sorry' for T-shirt's incorrect China map

    Retailer Gap says 'sorry' for T-shirt's incorrect China map

    Economy

    USA clothing retailer Gap apologised late Monday for selling T-shirts with an "incorrect" map of China, after it became the latest among foreign companies that China has taken offence with in relation to its territorial claims. Delta Air Lines based in the USA and Zara the European based clothing retailer were on the hot seat as well over issues of a similar nature on their e-commerce sites in China.
  • Oil pulls back from multi-year highs on China economy fears

    Oil pulls back from multi-year highs on China economy fears

    Economy

    Some oil analysts have said they expect Iranian crude exports to fall by as little as 200,000 barrels per day (BPD), while others put the figure closer to 1 million bpd (MMBPD). The report is the last one before the oil ministers' meeting in Vienna to discuss the oil production ceiling two weeks later. Since late 2017, longer-dated USA oil futures contracts are trading at prices lower than nearer-term contracts, a configuration known as backwardation, indicating that the market at ...
  • Europeans must guarantee benefits to Iran of nuclear deal - Zarif

    Europeans must guarantee benefits to Iran of nuclear deal - Zarif

    Economy

    After years of crippling economic sanctions, the deal opened Iran to business with the U.S. and Europe, and companies around the world began doing business in Iran. "Our trade with New Zealand is the importing dairy products from NZ, if they want to impose sanctions then they must ban the companies from exporting the commodities to Iran".
  • President Trump says he's working with China to save ZTE

    President Trump says he's working with China to save ZTE

    Economy

    The president said in a tweet today that too many jobs in China have been lost, after the phone maker allegedly violated USA trade sanctions. Whether or not ZTE actually gets another chance is another matter. "This egregious behavior can not be ignored". Prior to announcing his run for president, meanwhile, Trump frequently tweeted about China stealing USA jobs.
  • Champions Cup final: Dan Carter on bench in Champions Cup final

    Champions Cup final: Dan Carter on bench in Champions Cup final

    Economy

    A pre-match hamstring injury spoiled Carter's European swansong, with Racing's injury list already including talismanic skipper Maxime Machenaud (knee) and Dimitri Szarzewski (bicep). A relieved and delighted Sexton, who has been with the club for all of its triumphs in Europe's premier competition, said: "We did it the hard way".
  • Amit Shah's convoy attacked by protestors seeking special status for Andhra Pradesh

    Amit Shah's convoy attacked by protestors seeking special status for Andhra Pradesh

    Economy

    Security personnel accompanying Shah's convoy and police officials at the check-post were finally able to disperse the TDP workers and detain some of them, as Shah's convoy drove away. Tirupati Urban Superintendent of Police Abhishek Mohanty told PTI that they were investigating the incident. BJP led NDA government was trying to fullfill all the promises as per the AP Re-organisation Act, he said.
  • Novartis CEO on Michael Cohen deal

    Novartis CEO on Michael Cohen deal

    Economy

    Rudy Giuliani , a lawyer for Trump, said Wednesday that the president was unaware of Cohen's consulting agreements. When AT&T swung its deal with Cohen, the merger was very much an issue in Washington. AT&T's vast lobbying team, which includes more than 100 people, and public policy staff will now report to the company's general counsel, David McAtee.
  • Starbucks Bathrooms Are Now Open To All Following Recent Scandal

    Starbucks Bathrooms Are Now Open To All Following Recent Scandal

    Economy

    Capital International Investors boosted its stake in shares of Starbucks by 28.3% during the 3rd quarter. This repurchase authorization permits the coffee company to buy shares of its stock through open market purchases. The firm had revenue of $6.03 billion for the quarter, compared to analysts' expectations of $5.93 billion. Its up 0.49% from 184,100 shares previously.
  • Ford temporarily halts F-150 production

    Ford temporarily halts F-150 production

    Economy

    BMW , Fiat Chrysler Automobiles, General Motors and Mercedes-Benz are also reporting production disruptions due to the Meridian plant fire. Mercedes' facilities in Alabama have adjusted hours in response to the supply interruption . Ford is working with the supplier to shift production elsewhere while it repairs its factory. Insiders suggest the assembly lines could remain idle for several weeks as Ford tries to source the missing parts from elsewhere.
  • California moves toward solar panel requirement

    California moves toward solar panel requirement

    Economy

    The California Energy Comission says that the new rule should cost the average single-family homeowner an additional $10,000 or so in upfront building costs. The Energy Commissioners is taking a significant step to continue its push for lowering greenhouse gas emissions - using the sun as its saver. In this tight housing market, any roof - with or without solar panels - is desirable, real estate agents say.
  • Sensex rises over 100 points; Nifty near 10750

    Sensex rises over 100 points; Nifty near 10750

    Economy

    U.S. crude, however, topped the $75 mark for the first time since 2014. The broader NSE Nifty ended 0.02 percent higher at 10,717.8, holding above 10,700 level for a second straight session. Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 1,628.23 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,084.09 crore last Friday, provisional data showed.
  • Fox deal is 'not gonna happen,' analysts say

    Fox deal is 'not gonna happen,' analysts say

    Economy

    The cable and broadband giant is in talks with banks to obtain some $60 billion in bridge financing needed to bid for Rupert Murdoch's Fox, said reports . Comcast's stock fell 5.5 percent Tuesday to $30.59 in response to the news. Shares in Sky were down 1.5% at 1,352p in mid-morning trading. The buyout would include Fox channels including FX and Nat Geo, among others , but would not involve Fox News, Fox Business Network, Fox Sports 1 or 2, the Big Ten Network or the Fox ...
  • Jason Day wins the Wells Fargo Championship

    Jason Day wins the Wells Fargo Championship

    Economy

    Watney made a 59-foot birdie putt on the last hole for a 69 and his best finish in three years. After opening with 69-68-69, the 40-year-old began T3, three back. Englishman Paul Casey also sits on seven under after recovering from two early bogeys to add two birdies and a eagle for a two-under 71. "And he's a great putter ".
  • Tesla drops in premarket after Musk lets loose on call

    Tesla drops in premarket after Musk lets loose on call

    Economy

    But neither can be said to "represent a short seller thesis, not investors", as Musk wrote on Twitter . Nord LB analyst Frank Schwope said that Musk's refusal to answer questions or receive criticism was "not very clever" but added that his ability to find new money was still intact.
  • Unemployment still sticking it to Alaska economy

    Unemployment still sticking it to Alaska economy

    Economy

    To more fully gauge the health of the job market, economists look at a broader measure of employment that looks at: The unemployed; people who want to work but have given up searching; and people working part-time who can't find full-time work.