Business


UPU 'regrets' USA withdrawal from world body's membership UPU 'regrets' USA withdrawal from world body's membership
- October 19, 2018

The administration officials also said that the treaty is causing the US Postal Service to lose $300 million (€260 million) a year and said people smuggling the narcotic fentanyl use the treaty to cheaply ship the drug from China to the US. (more...)
Korea ranks 15th in global competitiveness: WEF report Korea ranks 15th in global competitiveness: WEF report
- October 19, 2018

A detailed study of competitiveness in the global economy ranks the U.S. top of the 140 countries included. General findings The latest report incorporates a number of "new concepts" and "data gathering efforts" to ensure a more encompassing index that can adequately describe competitiveness if the 1r40 economies. (more...)
Tesla Secures Land for China Factory-For a Reported $140 Million Tesla Secures Land for China Factory-For a Reported $140 Million
- October 19, 2018

Tesla successfully acquired an 864,885-square meter plot in Shanghai's Lingang area for the electric auto maker's new factory, according to an announcement from Lingang Wednesday afternoon. Tesla's estimated sales in China of less than 15,000 vehicles in 2017 gave it a market share of less than 3%. It hopes China's home-grown carmakers will sell three million electric vehicles by that time. (more...)
Jamal Khashoggi: Turkey scours forest for HACKED UP remains after BARBAROUS 'murder' Jamal Khashoggi: Turkey scours forest for HACKED UP remains after BARBAROUS 'murder'
- October 19, 2018

He commented as he left Joint Base Andrews for a political trip to Montana. "Turkey has followed the law and worldwide agreements and has taken "open and transparent actions" in the Khashoggi case", Interior Minister Süleyman Soylu told Anadolu Angency (AA) yesterday. (more...)
Tesla introduces a $45,000 Model 3 variant with a 260-mile range Tesla introduces a $45,000 Model 3 variant with a 260-mile range
- October 19, 2018

DON'T MISS: Is the Tesla Model 3 the top-selling auto from an American brand? We like the Tesla Model 3, and while we've enjoyed it in its rear-wheel-drive Long Range trim and its dual-motor Performance trim , what we've really been wanting to see is a Model 3 that gets closer in price to that fabled $35,000 mark that Elon Musk promised the world way back in 2016. (more...)
EBay sues Amazon for allegedly poaching its sellers EBay sues Amazon for allegedly poaching its sellers
- October 19, 2018

Online marketplace eBay has filed a USA lawsuit against Amazon, claiming the retail giant used its internal messaging system to poach sellers. In the complaint, filed in Santa Clara County in California, EBay asks the court to permanently prohibit Amazon from misusing its messaging system and for unspecified monetary damages to be determined in a jury trial. (more...)
Fed minutes: Strong economy supports rate hikes Fed minutes: Strong economy supports rate hikes
- October 19, 2018

The discussion, revealed in minutes of the September 25-26 meeting released Wednesday, shows that a few participants believed that the Fed's key interest rate would need to "become modestly restrictive for a time" to guard against inflation climbing too high. (more...)
KuCoin Freezes Tether Deposits And Withdrawals For Maintenance KuCoin Freezes Tether Deposits And Withdrawals For Maintenance
- October 18, 2018

This information is based on the Blockchain data provided by Omni, a second-layer protocol on the Bitcoin blockchain which provides infrastructure to Tether ( USDT ) tokens. Binance Coin (BNB) traded up 6.7% against the dollar and now trades at $10.22 or 0.00155586 BTC. The Bitcoin price for EVN now, is 0.00000936 BTC. (more...)
Turkish police search Saudi consul's home in Khashoggi case Turkish police search Saudi consul's home in Khashoggi case
- October 18, 2018

Meanwhile, the Washington Post has published the last column Mr Khashoggi wrote before his disappearance . "You're going to get me in trouble". Last night, Turkish authorities spent nine hours searching the Saudi consul's residence while other crime scene teams searched the Saudi consulate. (more...)
Advertisers Accuse Facebook of Knowingly Overestimating Video Viewing
- October 18, 2018

A legal-filing brought against the social network by a group of small advertisers contends that Facebook knowingly falsified its average viewership statistics for over a year as a means of duping advertisers into signing up for video ads in the false belief that more members were viewing them than was actually the case. (more...)
Canada to pardon pot possession as it legalizes marijuana Canada to pardon pot possession as it legalizes marijuana
- October 18, 2018

Then there's the patchwork of regulations imposed by provinces and municipalities, with varying rules governing such things as how old a person must be to legally purchase and consume cannabis , how much can be grown at home, if any, and whether it can be consumed in public places. (more...)
Fed officials discussed hiking rates to 'restrictive' level
- October 18, 2018

He also criticized the Fed last week after the stock market's selloff, telling reporters the central bank had "gone crazy" and is "out of control". Trump followed up previous strong attacks on the Fed by complaining again that interest rates are rising too quickly. (more...)
Burger King's New 'Nightmare King' Sandwich Is the Stuff of Halloween Dreams Burger King's New 'Nightmare King' Sandwich Is the Stuff of Halloween Dreams
- October 18, 2018

Are you fearless enough to face your nightmares? Dr. Medina went on to say that the unique combination of proteins and cheese in the Nightmare King led to "an interruption of the subjects' REM (Rapid Eye Movement) cycles, during which we experience the majority of our dreams". (more...)
$1 million Powerball ticket sold in New Jersey $1 million Powerball ticket sold in New Jersey
- October 18, 2018

The last winners: Powerball on August 11 and Mega Millions on July 24. Meanwhile, the Mega Millions jackpot has soared to $900 million. That's exactly what happened when the Mega Millions jackpot surpassed its previous 2012 record of $656 million after no ticket matched all six numbers drawn on Tuesday, leaving the prize money up for the taking this Friday, lottery officials said. (more...)
Trump threatens to close border over Trump threatens to close border over "onslaught" of immigrants
- October 18, 2018

Mr Trump threatened to withhold aid to the region as a caravan with several thousand Honduran migrants traveled this week through Guatemala to Mexico in hopes of crossing into the United States to escape violence and poverty in Central America. (more...)
Treasury Declines to Label China a Currency Manipulator Treasury Declines to Label China a Currency Manipulator
- October 18, 2018

US President Donald Trump has chose to withdraw the United States from the United Nations postal agency - Universal Postal Union (UPU) - after the Department of State determined in a report a lack of progress of the UPU reforms, the White House said in a news release on Wednesday. (more...)
Fed risks Trump's fury over rate increases Fed risks Trump's fury over rate increases
- October 18, 2018

The median view of all Fed officials was that rates should be increased one more time this year and three times next year and a final quarter-point rate hike in 2020. This would move USA interest rates slightly above what policymakers say is "neutral" - that is, neither slowing nor speeding the economy - but some participants said the Fed may need to go even further than that. (more...)
Cuadrilla UK's shale gas fracking delayed by bad weather Cuadrilla UK's shale gas fracking delayed by bad weather
- October 18, 2018

The company had planned to start fracking at both its horizontal shale wells at the Preston New Road site last week. It is definitely not over, it has just got serious. She added: "I'm gutted really". They say extracting more fossil fuel is at odds with Britain's commitment to reduce greenhouse gas emissions. The company had hoped to start work at the site on Saturday but this was delayed by the effects of Storm Callum. (more...)
Turkish police identify 5 suspects linked to Khashoggi murder Turkish police identify 5 suspects linked to Khashoggi murder
- October 17, 2018

However, Riyadh insists that the journalist, a known critic of Saudi King Salman, had left the building and that the murder claims are "baseless". The inspection was agreed after Saudi King Salman and Turkish President Erdogan spoke yesterday for the first time since Turkey accused the Saudis of killing and dismembering Khashoggi who criticised the Saudi crown prince. (more...)
Chaos on railway this morning as Paddington closes because of damage Chaos on railway this morning as Paddington closes because of damage
- October 17, 2018

The state-of-the-art train, operated by the government contractor Hitachi, was on a test run when it caused extensive damage to 500 metres of overhead lines last night. Network Rail said it was "working to recover all the stranded trains and to rectify the damage to the overhead electric wires". 'As a result, GWR, TfL Rail and Heathrow Express will not be operating a train service between London Paddington, Hayes & Harlington or Slough until such time as repairs have been completed'. (more...)
Khashoggi case: Trump is 'passing on Saudi talking points' Khashoggi case: Trump is 'passing on Saudi talking points'
- October 17, 2018

But the Middle East Eye website quoted a Turkish source saying that there was "no attempt to interrogate" Khashoggi but the Saudi team had "come to kill him". In August, Saudi Arabia reacted strongly to a tweet from Freeland calling for the immediate release of detained activists, including Samar Badawi, a champion of women's rights and the sister of detained blogger Raif Badawi. (more...)
Cheaper chocolate and meat drives down United Kingdom inflation in September Cheaper chocolate and meat drives down United Kingdom inflation in September
- October 17, 2018

The increase was, however, less than a 2.5-pence-per-litre rise in the same month a year ago. The monthly figures showed that the United Kingdom consumer prices dropped sharply to 0.1% in September, missing 0.5% expectations and 0.7% previous. (more...)
SA slides further down WEF's global competitiveness index SA slides further down WEF's global competitiveness index
- October 17, 2018

The US remains top of the list, followed by Singapore, Germany and Switzerland. The Netherlands has slipped out of the top five in the latest edition of the World Economic Forum's ranking of the world's most competitive economies. Switzerland was previously at number one in multiple WEF competitiveness reports . The report measures national competitiveness - defined as the set of institutions, policies and factors that determine the level of productivity. (more...)
Jamal Khashoggi's killing took seven minutes, Turkish source tells MEE Jamal Khashoggi's killing took seven minutes, Turkish source tells MEE
- October 17, 2018

The Saudi consul left Turkey for the Saudi capital Riyadh Tuesday just hours after Turkish officials said they wanted to search his residence and the consulate's fleet of vehicles, Ankara's Foreign Ministry said. President Donald Trump speaking during an interview with The Associated Press in the Oval Office of the White House on Tuesday in Washington. (more...)
Mega Millions winning numbers for new record $667M jackpot Mega Millions winning numbers for new record $667M jackpot
- October 17, 2018

The winning numbers drawn Tuesday were: 3, 45, 49, 61, 69 and Mega Ball 9. The estimated cash value, if you're lucky enough to match all six numbers, is $380 million. The Commonwealth's only Powerball jackpot winners hit a $217 million pot in 2013. It costs $2 to play the game, but the odds of winning the jackpot aren't good. (more...)

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