Money

Google Canada Employees Stage Walkout Over Sexual Misconduct Allegations

Google Canada Employees Stage Walkout Over Sexual Misconduct Allegations The protest, billed "Walkout For Real Change", comes a week after a New York Times story detailed allegations of sexual misconduct about creator of its Android software, Andy Rubin. The report further said that Google had shielded many of its top executive accused of sexual misconduct in the past, the list included lab X director Richard DeVaul . [Full Article...]

The United States could trade with China

The United States could trade with China USA stocks could get a further boost when the latest data on nonfarm payrolls is released at 8:30 a.m.in Washington (12:30 p.m.in London). "At best, the parties are negotiating about negotiating and we are still miles from a deal", Boltansky said . [Full Article...]

Starbucks Unveils New 2018 Holiday Cup Designs And Holiday Beverages

Starbucks Unveils New 2018 Holiday Cup Designs And Holiday Beverages This year, the chain will offer limited-edition reusable holiday cups . And, as usual, you can do your holiday gift shopping at Starbucks , which is selling sparkly cold cups and colorful mugs. Beth Egan, an associate professor of advertising at Syracuse University, told The Washington Post that she doesn't think the latest batch of cups reflect Christmas or any one holiday in particular. [Full Article...]

Oil extends nosedive as U.S. supplies surge, Iran fears subside

Oil extends nosedive as U.S. supplies surge, Iran fears subside EIA forecasts that USA crude oil production will increase by 1.0 million b/d in 2019. "Oil prices look to remain under pressure, as fears of global oversupply have returned with a vengeance", said Ashley Kelty, oil and gas research analyst at Cantor Fitzgerald Europe. [Full Article...]

Chinese, Pakistan leaders prepare to meet amid debt concerns

Chinese, Pakistan leaders prepare to meet amid debt concerns Talking to media in Islamabad on Friday, he termed PM Imran's meeting with Chinese President Xi Jinping successful, adding that a Pakistan is likely to receive a huge financial package from Beijing . His visit here was regarded as significant as it is taking place amid critical remarks made by some ministers in Khan's Cabinet on the CPEC which had caused consternation among Chinese leaders co... [Full Article...]

Oil dips as Russian Federation signals output will stay high

Oil dips as Russian Federation signals output will stay high One is high oil prices , and in many countries they're directly related to consumer prices. "We are determined to implement our policy of maximum pressure on Iran ". Other Iranian oil officials, in addition to the National Iranian Oil Co. and National Iranian Tanker Co., have recently declined to specify the Islamic Republic's daily export data. [Full Article...]

Japan Airlines pilot caught at Heathrow Airport WAY over alcohol limit

Japan Airlines pilot caught at Heathrow Airport WAY over alcohol limit A Japan Airlines co-pilot arrested after failing a breath test shortly before a London to Tokyo flight has pleaded guilty to being nearly 10 times over the legal limit for alcohol. He has been kept in custody and will be sentenced at Isleworth Crown Court on 29 November. 'We are certain (the in-house breath test) wasn't conducted properly, ' Muneaki Kitahara, JAL's head of communications, told... [Full Article...]

Trump Discusses Trade Issues With China's Xi

Trump Discusses Trade Issues With China's Xi Xi also said in the phone call that he hoped the two world's largest economies will be able to promote a steady and healthy relationship. Trump has asked key United States officials to begin drafting potential terms, Bloomberg said, adding that the push for a possible deal with China was prompted by his telephone call with Chinese President Xi Jinping on Thursday. [Full Article...]

U.S. to grant 8 countries Iran sanctions waivers for oil

U.S. to grant 8 countries Iran sanctions waivers for oil In the first three weeks of October, Iran's crude and condensate exports averaged around 1.90-1.95 million bpd according to Platts ship tracking data, but exports could be even higher due to the Iranian tactic to switch off tracking devices to hide some volumes and destinations of its oil exports, sources say. [Full Article...]

US Blames Chinese Tech Company, Restricts Exports Over National Security Concerns

US Blames Chinese Tech Company, Restricts Exports Over National Security Concerns The use of the "entity list" - which governs what companies US firms can do business with - to protect the economic viability of a USA industry appears to be unprecedented, said Washington trade lawyer Douglas Jacobson. Commerce says "The move is likely futile as such license applications will be reviewed with a presumption of denial". In a similar move earlier this year, the department blocked... [Full Article...]

Trump Predicts a "Great Deal" With China as Bilateral Trade Row Persists

Trump Predicts a The tech-heavy Nasdaq composite slid 116.92 points, or 1.6%, to 7,050.29. President Trump is scheduled to meet with Chinese President Xi Jinping at the G20 meeting in Argentina, but those talks are not likely to propel any major shift toward reaching an agreement on the future of trade between the two nations. [Full Article...]

India jumps 23 places to secure 77th rank

India jumps 23 places to secure 77th rank The two-year jump is the second largest for any country on the index, to the delight of Prime Minister Narendra Modi's Bharatiya Janata Party government as it prepares for an election due to be held by next May. Capitalizing on these improvements, there are more opportunities for improvement in many other Doing Business areas. It also improved building quality control by introducing decennial ... [Full Article...]

Boost for Philip Hammond as poll backs his giveaway Budget

Boost for Philip Hammond as poll backs his giveaway Budget The 2018 UK Budget included a £30 billion package to improve road conditions, repairing motorways and potholes; and a £400 million one-off bonus for schools to help them buy what Hammond called "little extras" such as textbooks and desks. Basic-rate taxpayers in England and Wales will save £130 compared with their current tax bill. The chancellor used yesterday's statement to announce a £100 bil... [Full Article...]

RBI governor Urjit Patel may consider resigning

RBI governor Urjit Patel may consider resigning The court observed that if the RBI and the government are at variance on any policy or regulatory issue, the latter should "consider whether the circumstances warrant the initiative of the consultation process" under Section 7 of the RBI Act. [Full Article...]

US economy grew at strong 3.5 percent rate in Q3

US economy grew at strong 3.5 percent rate in Q3 But there were red flags to the economic expansion that is now in its ninth year and the second longest on record. Yet growth is expected to moderate in 2019 as the effects of the tax cuts wane, while tariffs and a strong dollar weigh on the economy. [Full Article...]

China leads the way as world's billionaires get richer

China leads the way as world's billionaires get richer Many of Asia's young fortunes are just above the billion-dollar mark, making them vulnerable to reversals of fortune, whether in the form of falling stock prices, political changes or personal difficulty, the report noted. "Indeed, numerous younger generation want to change the world, making an impact through their family offices and philanthropic organisations", he said. [Full Article...]

Wreckage of Lion Air plane found, 189 feared dead

Wreckage of Lion Air plane found, 189 feared dead Most were adults but the passengers were said to include one child and two infants. Images filmed at Pangkal Pinang's main airport showed families of passengers crying, talking frantically on their mobiles phone and hugging each other. It was not immediately clear if any foreigners were on the downed plane, which Lion said was a new, airworthy plane that had only gone into service in August. [Full Article...]

IBM set to acquire North Carolina-based Red Hat in $34B deal

IBM set to acquire North Carolina-based Red Hat in $34B deal Big Blue announced the deal here, in the past hour , and Red Hat's take is here. "The acquisition of Red Hat is a game-changer", IBM chairman Ginni Rometty said in a prepared statement . Companies like Facebook and Amazon have dabbled with Red Hat's open source knowledge before they went on to become a multi-million-dollar business. The transaction is by far IBM's biggest acquisition. [Full Article...]

Stocks plunge, erasing gains for the year

Stocks plunge, erasing gains for the year Stocks are falling sharply on Wall Street again, erasing most of their big gains from the day before. The company reported by far its most profitable quarter in history late Wednesday, lessening concerns of a looming cash crunch that had been weighing on shares. [Full Article...]

India's crude oil imports from Iran jumped 10pct in September 2018

India's crude oil imports from Iran jumped 10pct in September 2018 US President Donald Trumps' Iran sanctions will apply from November 5 and in its wake it is highly likely that crude oil which has receded to lower levels will again trade higher at levels of $85 per barrel. -Saudi relationship over the killing of Saudi journalist Jamal Khashoggi . There are also signs of a slowdown in global trade, with container and bulk freight rates dropping. [Full Article...]


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