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Economy

Meanwhile, industry data was said to signal an unexpected decline in American crude inventories last week. For the record, during that meeting on Tuesday, Salman told the brash billionaire he sees a "stable" oil market ahead and added that his kingdom has an 84-year supply of crude.
  • POTUS Halts Qualcomm's Acquisition By Broadcom

    POTUS Halts Qualcomm's Acquisition By Broadcom

    Economy

    U.S. President Donald Trump on Monday blocked microchip maker Broadcom Ltd's(AVGO.O) proposed takeover of Qualcomm Inc(QCOM.O) on national security grounds, ending what would have been the technology industry's biggest deal ever amid concerns that it would give China the upper hand in mobile communications.
  • Trump's Military Parade Is Set For Veterans Day

    Trump's Military Parade Is Set For Veterans Day

    Economy

    The event should include a "heavy air component", the memo continued, but tanks won't be permitted due to their potential to wreck city streets. In addition to France's Bastille Day celebration in July, China held a huge military parade last summer, and in May, Russian leaders organised a large military parade through Red Square.
  • Alphabet's Waymo to test driverless trucks in Atlanta

    Alphabet's Waymo to test driverless trucks in Atlanta

    Economy

    The company said that trained drivers will ride inside the truck cabs to monitor their progress and take over if needed. Waymo wouldn't say how many trucks are being tested, but it released pictures showing two blue semis . Earlier this year, Waymo announced that it would begin driving full-autonomous cars in Phoenix. Going the distance: Waymo has already driven five million miles on public roads and another five billion in simulation.
  • Chaos at Sydney Airport this morning has left hundreds stranded

    Chaos at Sydney Airport this morning has left hundreds stranded

    Economy

    Passengers at Sydney Airport are facing delays after "technical" issues affected security checkpoints at both worldwide and domestic terminals. The airport has now resumed processing passengers as per usual, it said on Twitter , without specifying details of the problem.
  • Italian right-winger: euro currency is

    Italian right-winger: euro currency is "wrong"

    Economy

    According to exit polls, which can be wildly inaccurate, the centre-right alliance, which includes Silvio Berlusconi's Forza Italia , is set to be the biggest winning bloc. Another far-right politician, France's Marine Le Pen , tweeted that the projected results signaled an anti-EU sentiment in the southern European country.
  • Trump slips over 200 places in Forbes billionaires list

    Trump slips over 200 places in Forbes billionaires list

    Economy

    Two Chinese billionaires rose to be among the 20 richest people in the world: Ma Huateng, CEO of Chinese internet giant Tencent who is the richest person in Asia and number 17 in the world, and Alibaba founder Jack Ma. California alone has 144 billionaires, more than any country besides the U.S. and China. The licensing losses resulted in a $50 million drop this year, according to Forbes .
  • YSR Congress MPs to resign if special status not given to AP

    YSR Congress MPs to resign if special status not given to AP

    Economy

    Last month's parliament sessions too were disrupted by the politicians from Andhra Pradesh who have been demanding the government to fulfill the promises made to the state in 2014. He said activists of Jagan Mohan Reddy-led YSR Congress and the Congress have already left for the National Capital. Stating that the BJP is their ally party, Naidu said that the Telugu Desam Party (TDP) are holding a peaceful agitation.
  • Walmart Introducing Meal Kits in 2K-plus Stores

    Walmart Introducing Meal Kits in 2K-plus Stores

    Economy

    The selections are assembled in stores daily and available in the deli section or through the company's online grocery pickup service. Walmart's basil garlic chicken kit. According to CNBC , the step taken by Walmart is just paving how major market shareholders of retail will step into the meal market in the near future, and reach to the customers beyond their store walls.
  • Amazon says it will no longer sell Nest products

    Amazon says it will no longer sell Nest products

    Economy

    In response, Nest opted to cease selling its older wares through Amazon, which should disappear once stock runs out (as of this writing, several Nest products are still listed, though several of them have warnings of low stock). It's unclear whether third-party sellers will continue selling Nest gadgets, but Amazon itself will not. It's also moving big into smart home products, like its $US1 ($1) billion acquisition of doorbell company Ring .
  • Will Donald Trump's tariffs decision trigger global trade war?

    Will Donald Trump's tariffs decision trigger global trade war?

    Economy

    Navarro, the director of the Office of Trade and Manufacturing Policy, during the interview argued that China is the source of the problem despite its low place on the list of exporters. "A lot of our stainless steel is from overseas", he said. The US imports steel from more than 100 nations and brings in four times more steel from overseas than it exports.
  • Hundreds of flights cancelled at NJ, NY, Philly airports by storm

    Hundreds of flights cancelled at NJ, NY, Philly airports by storm

    Economy

    Passengers whose flights are cancelled or heavily delayed by bad weather are not entitled to cash compensation, but the airline must provide meals and, if necessary, overnight accommodation to stranded travellers. Many passengers hoping to fly with the airline have been disappointed to discovered their plans have been disrupted by the weather. As Storm Emma approaches the United Kingdom and Ireland , the airline has also cancelled all flights today from Cork, Kerry and East Midlands airports.
  • Bank Of England Governor Carney Calls For Cryptocurrency Regulation

    Bank Of England Governor Carney Calls For Cryptocurrency Regulation

    Economy

    Carney excoriated Bitcoin and similar cryptocurrencies, calling them poor stores of value and inefficient media of exchange. The Bank of England has warned that bitcoin faces a regulatory crackdown, warning that "inherently risky" cryptocurrencies are failing to fulfil their most basic function as money.
  • Police probe Netanyahu in corruption case ahead of DC visit

    Police probe Netanyahu in corruption case ahead of DC visit

    Economy

    The controlling shareholder of Bezeq Telecom, Shaul Elovitch , is now in police custody, along with a former Netanyahu spokesman.They deny any wrongdoing. That decision could be weeks or months away. In Case 1000, Netanyahu and his wife are suspected of receiving illicit gifts from billionaire benefactors, amounting to some NIS 1 million ($282,000) worth of cigars and champagne from the Israeli-born Hollywood producer Arnon Milchan and Australian resort owner James Packer in return for ...
  • Snow causes chaos at United Kingdom airports

    Snow causes chaos at United Kingdom airports

    Economy

    SERVICES at Glasgow Airport have been suspended due to the weather . The airline said: "As a result of the adverse weather conditions which are still affecting the United Kingdom and Europe we are expecting disruption to many flights".
  • Fugitive Economic Offenders Bill applicable with retrospective effect

    Fugitive Economic Offenders Bill applicable with retrospective effect

    Economy

    Fugitive Economic Offender is a person against whom an arrest warrant has been issued in respect of a scheduled offence (a scheduled offence refers to a list of economic offences contained in the schedule to this Bill) and who has left India so as to avoid criminal prosecution, or being overseas, refuses to return to India to face criminal prosecution.