Economy

JD.com CEO was arrested on allegation of rape: police report

JD.com CEO was arrested on allegation of rape: police report JD.com shares are down more than 6% on Wednesday after it was reported that police records show CEO Liu Qiangdong was arrested over a rape allegation this past weekend. Liu was in Minneapolis to take classes at the University of Minnesota, where he was enrolled at the school's Carlson School of Management to complete the American residency of a US-China business administration doctorate programm... [Full Article...]

Toyota recalls 7,000+ vehicles in Canada due to fire risk

Toyota recalls 7,000+ vehicles in Canada due to fire risk Roughly half of the recalls would take place in Japan, Toyota spokesman Jean-Yves Jault said. Only the Prius model would be recalled in the United States, where around 192,000 vehicles were affected, he said. "For all involved vehicles, Borneo Motors (Singapore) will check the engine wire harness assembly". Toyota said it cannot comment on whether or not any of the vehicles it manufactured h... [Full Article...]

Amazon Launches Hindi App For Mobile Shopping, Coming to PCs Soon

Amazon Launches Hindi App For Mobile Shopping, Coming to PCs Soon None of India's other leading e-commerce portals-Flipkart, Snapdeal or Paytm Mall-currently have a local language version of their apps or websites. Given those trends, every e-commerce site in India has to figure out a way to address the local-language problem. Amazon decided that some words and phrases, like "free", "jeans" and "cash on delivery" should be kept in English but written usi... [Full Article...]

Friends prank McDonalds with poster kept up for 51 days

In the video, Maravilla takes off his jacket to impersonate an interior coordinator and then supervises as his friends hang the poster on the wall. Their goal: Asian representation. The fake ad remained at the restaurant unnoticed for 51 days, but when Maravilla tweeted about it on Sunday, the prank went viral, receiving over 175,000 retweets and 705,000 likes. [Full Article...]

Oil prices jump as US rigs evacuated

Oil prices jump as US rigs evacuated Crude oil is struggling to preserve its bullish momentum on Monday, and the barrel of West Texas Intermediate is staying quite near the critical $70 mark. Global oil markets have tightened over the past month, pushing Brent prices up by more than 10% since the middle of August. Prices could rise due to Iranian supply being curbed due to USA sanctions. [Full Article...]

SA's economy dips into recession dashing economists hopes

A technical recession happens when a country experiences two quarters of negative growth consecutively. Nene was speaking on the sidelines of the Forum on China Africa co-operation in Beijing following Stats SA's announcement that the economy has contracted by 0.7% in the second quarter. [Full Article...]

Ayanna Pressley defeats Michael Capuano in MA U.S. House race

Ayanna Pressley defeats Michael Capuano in MA U.S. House race Capuano from the left and on style and identity, in a pattern similar to the upset victory of Alexandria Ocasio-Cortez earlier this summer in NY. "I'm sorry it didn't work out but this is life and this is OK". Joseph Crowley (D-NY) in New York earlier this summer, a shocker that rocket-fueled the leftist wing of the Democratic Party in a year where establishment incumbents are having a hard tim... [Full Article...]

S.Africa slips into recession, against forecasts

S.Africa slips into recession, against forecasts South African national currency, the rand, extended declines against the U.S. dollar to more than two percent as government bonds fell after the released data. "Of great concern, however, is the fact that quarter-on-quarter, annualised household expenditure figures decreased 1.3%, reflecting the impact of the Value-Added Tax increase, significant fuel price increases, high unemployment and low gro... [Full Article...]

Amazon Hits $1 Trillion Valuation

Amazon Hits $1 Trillion Valuation Amazon's stock rose 1.7% on Tuesday, putting its market value at just over a trillion dollars. Amazon saw its quarterly profit soar past $2 billion U.S. The milestone comes one month after Apple first passed the $1 trillion threshold on August 2 . "Now that it has several high-margin revenue streams, we're seeing those doubts subside". [Full Article...]

'Cosby Show' Star Geoffrey Owens Says Trader Joe's Photo Hurt Him

'Cosby Show' Star Geoffrey Owens Says Trader Joe's Photo Hurt Him After a story ran in a British tabloid, the actor was mocked online, even " job shamed ", as one social media user put it. "Fortunately, the shame part didn't last very long", he added , as he and his wife were heartened by the "incredible support" and "positivity" he has since received. [Full Article...]

Amazon becomes world's second $1tn company

Amazon becomes world's second $1tn company It surged past the trillion dollar mark this afternoon, prompting experts so say it could become even bigger than Apple. As soon as one company has reached that $1 trillion mark, you know it won't be long until another follows in suit - only weeks after it happened for Apple, Amazon has joined the ranks in the "trillion-dollar club". [Full Article...]

Japanese Oil Wholesalers ‘Prepare To Suspend’ Iranian Imports

Crude oil "prices could reach US$80 and higher in the short term", the bank said, although it added that despite these developments global supply may exceed demand next year. Many worldwide shippers have stopped loading Iranian oil as US financial sanctions against Tehran prevents them from insuring its cargoes. Even though there are risks, there are always geopolitical risks in oil so it's a m... [Full Article...]

California close to enacting nation's strongest net neutrality law

California close to enacting nation's strongest net neutrality law A lawsuit targeting the bill could eventually find its way to the Supreme Court, Tobias added. Some legal experts say the FCC did not have the authority to prohibit state net neutrality laws. The limitations provoked a loud outcry from internet providers such as Verizon and Comcast , which said the rules would add unnecessary costs to their businesses and prevent them from investing in upgrad... [Full Article...]

China set to impose gaming curbs to save children’s eyesight

China set to impose gaming curbs to save children’s eyesight However, since March 28th no new licences have been granted . China has the world's largest video game market. The curbs were just one aspect of a swathe of edicts meant to address the health and growing incidence of myopia among children. [Full Article...]

Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai

Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai Petrol prices shot up by over 30 paise on Monday. On that day, the rate in Mumbai was ₹86.24 per litre. In Delhi, the fuel is cheapest among all metros and most state capitals in comparison to other cities due to lower sales tax or VAT. Officials said the spike in rates is on account of exchange rate falling to a record ₹71 to a dollar, depreciating by ₹2.5 in a month. Fuel prices continue to... [Full Article...]

Private service for McCain before burial at Naval Academy

Private service for McCain before burial at Naval Academy Biden, who long served alongside McCain as a senator, said they both lamented the ever-increasing mistrust in the modern Senate. But contemporary President Trump led Republican party stances on human rights, women and LGBTQ equality and fiscal irresponsibility as well as mounting scandals citing corruption and Russian interference, puts Bush's presidency and the man himself in a new light fo... [Full Article...]

Meghan McCain jab at Trump defended

Meghan McCain jab at Trump defended Petraeus, the Washington Post reported. The procession left the Naval Academy's chapel Sunday afternoon following a memorial service for McCain. For John McCain , the choice was easy. He seemed to admit the dramatic decline in the world position of American imperialism over many decades, saying, "Like most people of my age, I feel a longing for what is lost and can not be restored". [Full Article...]

Coca-Cola to acquire Britain’s Costa Coffee for $5.1 billion

Coca-Cola to acquire Britain’s Costa Coffee for $5.1 billion Costa gives us access to this market through a strong coffee platform. Coca-Cola already owns the Georgia and Gold Peak coffee brands, which make bottled and canned drinks. Costa was founded in London in 1971, and now has 4,000 retail outlets across the United Kingdom and 30 other countries. Its red and white logo is now found on 2,400 shops and a further 1,400 stores around the world. [Full Article...]

Chinese Billionaire Arrested in Minneapolis For Alleged Sexual Misconduct

Chinese Billionaire Arrested in Minneapolis For Alleged Sexual Misconduct Minneapolis police spokesman John Elder said Sunday that he couldn't provide any details because it remains an active investigation. Liu, whose net worth of $9.4 billion earned him the Forbes rank of 18th richest Chinese man past year, was released without bail and is free to leave the city, state and even the country, police said. [Full Article...]

Bitcoin and Ethereum Price Forecast - BTC Prices Consolidate

Bitcoin and Ethereum Price Forecast - BTC Prices Consolidate If this is true, it could mean a lot for Ethereum . CME Group, the world's largest futures contract exchange , was the second to launch bitcoin futures past year, just weeks after Cboe launched their own futures. Their Bitcoin futures are also based on the same market. Since Bitcoin futures debuted in mid-December of past year, prices tanked, with Bitcoin briefly touching $20,000 before tu... [Full Article...]


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