Money

China's economy stumbles as trade war pressure grows

China's economy stumbles as trade war pressure grows The Washington-Beijing trade fight has escalated beyond rhetoric in recent months to imposing tariffs on a wide range of each country's products, with trade penalties now on $250 billion of Chinese goods and $110 billion of USA products. Recently, a heightening trade spat has been fanning concern that China's export-oriented economy would grow at a substantially slower rate than had been expected,... [Full Article...]

Mega Millions lottery reaches record-breaking numbers

Mega Millions lottery reaches record-breaking numbers EST Tuesday. N.C. officials said that in this past Tuesday's drawing, 93,726 tickets sold in North Carolina won a prize, ranging from $2 to $10,000. A lucky American could walk away with $1.6 billion (£1.2 billion) in prize money after the latest round of the country's lottery draw failed to produce a victor. [Full Article...]

Oil rises as investors fret over Iranian supply gaps

Oil rises as investors fret over Iranian supply gaps Saudi Arabia has threatened to retaliate against potential sanctions from the United States over the disappearance of Washington Post journalist Jamal Khashoggi . The government's official response has been more circumspect, but it nonetheless warned that it would respond to any action with even greater retaliation and pointed to the kingdom's "influential and vital role in the global economy". [Full Article...]

Burger King Reportedly Launching New Philly Cheese King Sandwich

Burger King Reportedly Launching New Philly Cheese King Sandwich The quarter-pound beef burger is topped with chicken, cheese , bacon, onions and mayo all on a green sesame seed bun. Burger King says for only $6.39, the sandwich is "clinically proven to induce nightmares". PIRG Education Fund, Friends of the Earth, and Natural Resources Defense Council, published on Wednesday gave Burger King an "F" rating "for lacking any announced policy to source beef r... [Full Article...]

Tesla launches new $45000 Model 3

Tesla launches new $45000 Model 3 The more affordable Tesla sports a 260-mile range, a 125 miles per hour top speed, and goes from 0 to 60 in 5.6 seconds. Musk also pointed out that the new mid-range Model 3 costs roughly USA $35,000 after federal and state tax rebates in California. [Full Article...]

Treasury Secretary Mnuchin backs out of Saudi conference amid Khashoggi situation

Treasury Secretary Mnuchin backs out of Saudi conference amid Khashoggi situation Turkish officials believe Mr Khashoggi was killed by a team of Saudi agents inside the consulate, with his body then removed. But one of the key figures in the Saudi-U.S. What's more, Amazon has reportedly been in talks to open data centers in Saudi Arabia , according to the Wall Street Journal . If the Saudi government is found to be culpable in Khashoggi's disappearance , the legislatio... [Full Article...]

Trump escalates his attack on Fed: ‘My biggest threat’

Trump escalates his attack on Fed: ‘My biggest threat’ U.S. stock markets, which had largely expected a "steady as you go" statement, moved slightly higher but remained loss-making after the update, which stressed a continuation of the Fed's "gradual" approach to rate rise policy. Trump's criticism intensified after last week's big stock market tumble, which has been partially reversed this week. The Dow Jones Industrial Average jumped 547 points. [Full Article...]

Canada cannabis stores run out of supplies

Canada cannabis stores run out of supplies It is hoped legalising the drug will raise C$400m a year in tax revenue. Country-wide legalization of the substance fulfills Prime Minister Justin Trudeau's promise from his 2015 campaign. Medicinal marijuana was legalized in Canada in 2001. "We have a lot of people that were anxious where they were going to be able to get a lot of this stuff because, as you know, as a recreational legal shop, y... [Full Article...]

US Budget Deficit Hits Six-Year High

US Budget Deficit Hits Six-Year High The federal budget deficit has surged as US President Donald Trump's tax cuts caused the government to borrow more heavily in order to cover its spending . In March, Trump signed a $1.3 trillion spending bill into law. The Trump administration in July sharply revised higher its deficit estimates for coming years when it released its mid-session budget review. [Full Article...]

What Happens If You Win Mega Millions' $900M Jackpot?

What Happens If You Win Mega Millions' $900M Jackpot? The jackpots for the nation's two largest lottery games continue to grow. They say the estimated cash value for Friday's jackpot is $513 million. For comparison, MI players bought 3.8 million tickets for Tuesday night's drawing - with 2.6 million purchased on Tuesday alone - when the jackpot was $667 million. [Full Article...]

Jamal Khashoggi case: Liam Fox rejects Saudi summit

Jamal Khashoggi case: Liam Fox rejects Saudi summit President Trump met with Secretary of State Mike Pompeo Thursday following Pompeo's fact-finding trip to Riyadh and Ankara. The Dutch and French finance ministers, as well as several other politicians and business leaders, have said they are pulling out of the event. [Full Article...]

Ontario residents can now buy cannabis online, must wait for retail stores

Ontario residents can now buy cannabis online, must wait for retail stores People entering the store are asked to provide two pieces of ID, and there are notices reminding patrons to smoke responsibly. The government announced late past year that medical marijuana would be allowed, and the country is due to hold a national referendum by 2020 on whether to legalize and regulate adult use of marijuana. [Full Article...]

Saudis fire Istanbul consul over Jamal Khashoggi disappearance

Saudis fire Istanbul consul over Jamal Khashoggi disappearance US President Donald Trump earlier Monday said he had spoken with Saudi Arabia's King Salman who strongly denied the kingdom's involvement in Khashoggi's disappearance. While Pompeo said the Saudis would conduct a "thorough" investigation and hold any guilty parties completely accountable, he flat out shut down any conversation of the facts of the case. [Full Article...]

Saudis Reportedly Plan To Announce Jamal Khashoggi Was Killed Accidentally

Saudis Reportedly Plan To Announce Jamal Khashoggi Was Killed Accidentally Saudi Arabia has been closely linked to the United States for more than a half century as a critical oil supplier, with relations warming under Trump as the U.S. Endeavor CEO Ari Emanuel said the Khashoggi case was "very, very concerning", although he stopped short of pronouncing the deal was dead. The Washington Post reported evidence has been shared with US authorities. [Full Article...]

Committed to meet India's oil demand: Saudi Energy Minister

Committed to meet India's oil demand: Saudi Energy Minister Brent crude prices were trading 80 cents a barrels higher at $81.23 by 11.57 GMT. And we have seen sanctions on Iran . Senior officials on Monday had said that Indian oil companies have optional volumes built in their annual crude oil purchase contracts with suppliers like Saudi Arabia and Iraq that will be more than enough to make up for any shortfall in supplies from sanctions-hit Iran. [Full Article...]

German prosecutors fine Audi 800 million euros for diesel violations

German prosecutors fine Audi 800 million euros for diesel violations The penalty is made up of the maximum fine of five million euros and the seizure of €795 million in profits the carmaker received selling the engines with rigged software, according to Munich prosecutors. VW admitted in 2015 to building so-called " defeat devices " into 11 million cars worldwide, in a massive cheating scandal dubbed " dieselgate ". Volkswagen cancelled the contract of Audi Chi... [Full Article...]

Trump co-signs Saudi Arabia’s Jamal Khashoggi cover-up, late-night pundit says

Trump co-signs Saudi Arabia’s Jamal Khashoggi cover-up, late-night pundit says In an interview with Fox News , a prominent Trump ally in the Senate called on Saudi Arabia to reject the crown prince, known as MBS, who rose to power previous year and has aggressively sought to soften the kingdom's image overseas and attract foreign investment. [Full Article...]

Mega Millions winning numbers announced

Mega Millions winning numbers announced The winning numbers are: 3, 45, 49, 61, 69 and the Mega Ball is 9. The largest Powerball jackpot was $1.586 billion, which was shared by winners in California, Florida and Tennessee in January 2016. If you purchased a ticket your odds of winning the jackpot are approximately one in 302 million. The prize pool could rise even more next drawing on Friday. [Full Article...]

Saudi Arabia vows to retaliate

Saudi Arabia vows to retaliate USA senators called for reactions ranging from boycotting an upcoming economic summit in Riyadh to ending support for Saudi military operations in Yemen. Already, global business leaders are pulling out of the kingdom's upcoming investment forum, a high-profile event known as "Davos in the Desert", and the sell-off on Riyadh's Tadawul stock exchange showed that investors are uneasy. [Full Article...]

Video site YouTube experiencing a worldwide outage

Video site YouTube experiencing a worldwide outage The outage apparently also affected YouTube TV and YouTube Music access. As yet we have no word from YouTube on what the problem is related to or if there's an estimated time on a fix. And now a YouTube support team on Twitter have provided the latest update on what is happening with the Google Video Service tonight. When the site does load, it displays an empty template with grey boxe... [Full Article...]


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