Economy

Porsche Drops Diesel Engines, to Focus on Hybrids and EVs

He was quoted as saying the company wants to concentrate on "what we can do particularly well", citing high-performance gasoline models, hybrids and starting next year electric cars. "The diesel crisis caused us a lot of problems". Stuttgart-based Porsche in February stopped taking orders for diesel models, which it had sold for almost a decade. [Full Article...]

Pompeo confident USA will win China trade war

The effort crumbled a week after Trump tweeted the White House felt "no pressure" to resolve the dispute with China. Worries about the confrontation have already rattled financial markets. China's Ministry of Commerce did not immediately respond Saturday. The Trump administration has argued tariffs on Chinese goods would force China to trade on more favorable terms with the United States. [Full Article...]

Iran says Trump pressing oil majors to raise output

Benchmark Brent oil reached $80 a barrel this month, prompting Mr Trump to repeat his demands for Organisation of Petroleum Exporting Countries (OPEC) to take action to lower prices. "Markets are quite balanced today, there's plenty of supply to meet any customer that needs it". The Opec oil cartel raised its global production forecast on Sunday based on higher-than-predicted United States out... [Full Article...]

Michelle Guthrie forced out of ABC

Michelle Guthrie forced out of ABC Guthrie has yet to comment on this morning's decision. "We are very grateful for all her hard work". "The ABC board has legislated independence in relation to management appointments and the Government respects the duty and role of the board in these matters". [Full Article...]

Student Pilot Arrested After Hopping Florida Airport Fence and Boarding Plane

Student Pilot Arrested After Hopping Florida Airport Fence and Boarding Plane The incident started with the man driving to a curb outside the airport, leaving his vehicle running, and then hopping a fence and boarding an Airbus 321 American Airlines aircraft sitting in a maintenance facility, Booker said . from Canada. Sankat, a student at the Florida Institute of Technology (FIT) where he is studying aviation management, is charged with unarmed burglary of an occupied con... [Full Article...]

Adviser says US close to Mexico-only NAFTA deal, Canada unmoved

Adviser says US close to Mexico-only NAFTA deal, Canada unmoved The U.S. and Mexico already agreed to a deal. A Trump administration official announced on Friday that a trade deal with Mexico was "very, very close" to proceeding without Canada , as the us and its northern neighbor try to hash out a deal before an October 1 deadline. [Full Article...]

Could you stay 30 hours in a coffin?

Could you stay 30 hours in a coffin? Six Flags will provide "six, deluxe, 2' x 7', slight used coffins", as well as "meals, snacks and drinks in bed", as well as a six-minute bathroom break every hour. Participants need to bring their pillows and sleeping bags or blankets. Imagine spending 30 hours in a coffin? Do you think you can spend 30 hours in a coffin? One person will get $300, but everyone who makes it through to the end... [Full Article...]

Ripple To Launch Payment Service, XRP Price Surges By 74% Since Announcement

Ripple To Launch Payment Service, XRP Price Surges By 74% Since Announcement At any rate, Ripple's avant-garde financial technology outpaces its competitors in terms of effective down payments costs, processing fees, and transparency, ensuring expeditious transactions across the globe. This led to the displacement of Ethereum from the second largest cryptocurrency to the third largest. XRP was released on a distributed ledger in June 2012, with 100 billion XRP ... [Full Article...]

September 21: Brexit "humiliation" for the PM

September 21: Brexit But EU leaders rejected a major part of her plan, saying the new economic partnership she had put forward would "not work" and risked "undermining the single market". Responding to a ferocious fightback from the British prime minister, Tusk said he only said her Chequers plan would not work because of her "surprisingly tough and uncompromising" stance. [Full Article...]

Strawberry sabotage: Needles found in New Zealand

Strawberry sabotage: Needles found in New Zealand Countdown also urged customers to cut up any strawberries purchased before eating them, echoing similar advice from Australian authorities. Originating from a farm in Western Australia, this is the first time a contaminated punnet has surfaced in New Zealand after more than 100 alleged incidents of pins and needles being found in fruit such as strawberries, mangos and bananas have been reported ... [Full Article...]

Danske Bank: What we know so far

Danske Bank: What we know so far In a sign of the growing pressure on Danske Bank, which already faces criminal inquiries in Denmark and Estonia, the chief executive of CARE Danmark said on Twitter that the Danish charity had made a decision to end its relationship with lender. [Full Article...]

Marijuana Company Stocks Rally Into Second High After US Approves Pot Importation

Marijuana Company Stocks Rally Into Second High After US Approves Pot Importation He said the investors buying these stocks at their current prices are already betting on enormous successes, but even if legal marijuana takes off, some of the companies will fail. and Canopy Growth Corp., both of which have seen recent gains in their share prices. Privateer's partners include Brendan Kennedy, 46, who serves as Tilray's chief executive officer, Michael Blue and Christian Groh. [Full Article...]

Fashion house takes heat for selling 'poverty' shoes

Fashion house takes heat for selling 'poverty' shoes Barneys and Neiman Marcus also carry some of Golden Goose's designs, but the taped sneakers are now not available on their websites . The "Superstar Taped Sneaker" is described on Nordstrom's website as a "distressed leather sneaker" with a "crumply, hold-it-all-together tape" and "a grungy rubber cupsole". [Full Article...]

Lower oil prices now

Lower oil prices now OPEC members will meet with non-Opec countries, such as Russian Federation, over the weekend to examine their production quotas. Meanwhile, EIA reported that the estimated weekly US crude oil production went up 100,000 to 11 million barrels per day during last week. [Full Article...]

Uber In Talks To Acquire London-Based Deliveroo For "Several Billion Dollars"

Uber In Talks To Acquire London-Based Deliveroo For For Uber , which is planning an IPO next year, the food delivery sector is a top priority. Both Deliveroo and Uber share roots in gig economy structures, with self-employed delivery drivers making up the bulk of Deliveroo's workforce. [Full Article...]

10 travel hacks from a Cathay Pacific flight attendant

10 travel hacks from a Cathay Pacific flight attendant The two airlines fly more than 100 services a week between Hong Kong and Australia , with the new coded flights starting October 28. The airline first engaged Salesforce for its digital overhaul as a Sales Cloud and Service Cloud customer in 2014. [Full Article...]

Comcast outbids Fox with $40 billion winning offer for Sky

Comcast outbids Fox with $40 billion winning offer for Sky Comcast said it hoped to complete the takeover by the end of October. Mr Wieser said Disney could "expand the company's investment in content intended for Hulu and its other streaming initiatives, and potentially it could look for ways to expand Hulu internationally" and would need to persuade Comcast to sell its 30 per cent stake in the streaming service. [Full Article...]

Emirates denies plans to take over Etihad

Emirates denies plans to take over Etihad After the publication of the report, both Emirates and Etihad have told Reuters there was no truth to this "rumour" . And now UAE based airlines Emirates and Etihad have strictly dismissed the report. Abu Dhabi and Dubai companies formed Emirates Global Aluminium, one of the world's largest producers, in a $15 billion combination in 2013, and the two have studied a merger of their stock exchang... [Full Article...]

Rare quick-fire auction could settle fate of broadcaster Sky

Rare quick-fire auction could settle fate of broadcaster Sky The Takeover Panel, an independent regulator, says that since neither company has declared its offer final, an auction procedure is expected to commence at 5 p.m. That trumped the 14 pound a share offer made by Fox earlier in July and is 37 percent above Fox's original 10.75 pound a share bid in 2016. The 21-month Fox-Comcast bidding war for Sky, Europe's largest pay-TV operator, will come to an... [Full Article...]

S&P, Dow lifted by financials; Microsoft…

S&P, Dow lifted by financials; Microsoft… The technology sector dropped 0.39 percent, led by a 1.2 percent decline in Microsoft . Nike climbed 1.1 percent after brokerage Susquehanna highlighted the company's improving sales of footwear. The Nasdaq Composite also climbed nearly 1 percent on September 20, boosted by an increase in Amazon shares. While acknowledging the US economy is in good shape thanks to Trump's growth-friendly ... [Full Article...]


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