Economy

SEC Seeks to Ban Musk From Running Public Company

SEC Seeks to Ban Musk From Running Public Company The stock could fall further, whether or not the Securities and Exchange Commission succeeds in forcing him out as chairman and CEO. Musk, 47, is the public face of Tesla and losing him would be a big blow for the money-losing auto maker which has a market value of more than $50 billion, chiefly because of investors' belief in Musk's leadership. [Full Article...]

Google might have just confirmed that its censored Chinese search engine exists

Google might have just confirmed that its censored Chinese search engine exists Google is offering up its ideas about what new data-protection legislation should look like, as it prepares to face questions in the US Senate. He also calls out some of what he believes to be the "most disturbing" parts of Project Dragonfly such as a prototype interface created to allow a Chinese joint venture company to search for a given user's search queries based on their phone number. [Full Article...]

Ryanair cancel 190 flights in latest strike action

Ryanair cancel 190 flights in latest strike action EU Social Affairs Commissioner Marianne Thyssen said that air crews should be employed under contracts from the country where they work. "I made this very clear to Mr". "The airline must now immediately arrange alternative flights or provide a full refund and pay out compensation to those affected - including the many people still waiting for the money they're owed from its shambolic summer of... [Full Article...]

Elon Musk reportedly backed out of SEC deal at the last second

Shares of Tesla dived 11 percent in early trading on Friday after USA regulators accused Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric vehicle company. The SEC is suing Musk and seeking to bar him from being an officer or director at any public company . That will be more of a challenge with Musk's future in doubt, Osbourne said. [Full Article...]

Hacker promises to take down Zuckerberg's Facebook page as you watch live

Hacker promises to take down Zuckerberg's Facebook page as you watch live Chang did not reveal the details of his attack or the reason behind it and there was no response to a query at the time of this writing. The stream will go live on Sunday at 6 p.m. He was also reportedly sued by a bus operator for hacking its system and buying a ticket for just one Taiwanese dollar (about 3 United States cents). [Full Article...]

Justin Trudeau says Canadians are tough negotiators

The comments also mark a new low in relations between the two leaders. Trudeau spokeswoman Chantal Gagnon said: "No meeting was requested. We don't have any comment beyond that". Canadian officials said they do not believe Trump can rework NAFTA into a bilateral deal without the approval of Congress. "We will keep working as long as it takes to get to the right deal for Canada", Trudeau told rep... [Full Article...]

Brewdog scraps deal with USA beer firm over Trump offer

Brewdog scraps deal with USA beer firm over Trump offer The Scottish brewer, known for its numerous publicity stunts, was about to embark on "Scofflaw week at Brewdog", with the U.S. brewer's owners coming to United Kingdom for a meet the brewer and tap takeover at its Brewdog bars. Last year, Brewdog launched a protest beer against President Trump's decision to withdraw the United States from the Paris Agreement on climate change. [Full Article...]

Fuel price rise: Petrol, diesel prices continue to surge

Fuel price rise: Petrol, diesel prices continue to surge Citing month-end fuel price data, released by the Central Energy Fund (CEF), the AA warned that the biggest ever petrol price hike in recorded history will have far-reaching consequences for motorists and consumers. Over the past six months the cost of filling up a typical 55-litre family auto that runs on petrol or diesel has risen by around £6. We are predicting that petrol is going to rise by... [Full Article...]

MSCI mulls lifting China stock weighting, adding ChiNext

MSCI mulls lifting China stock weighting, adding ChiNext China A shares won entry to the MSCI indexes in June past year and were added to gauges in May and August. Initial weighting of A-shares in the index will be 5.57%. This year's decision by the United Kingdom -based index compiler came as a vote of confidence by global investors in China's stock markets. "The size and scale of China's stock market means the direction of travel‎ over time is on... [Full Article...]

Ryanair cancels flights for 30,000 customers ahead of strike on Friday

Ryanair cancels flights for 30,000 customers ahead of strike on Friday The troubled Dublin-based carrier said in a statement that it has agreed on a collective labour agreement with the three main cabin crew unions: FIT CISL, ANPAC and ANPAV. The walkout, one of the biggest yet by the airline's cabin crew, will force the cancellation of flights for 30,000 passengers on Friday. "When we can successfully do deals with unions in Ireland, the UK, Germany and Italy ,... [Full Article...]

Fed raises interest rates for third time in 2018, citing job growth

Fed raises interest rates for third time in 2018, citing job growth At a press conference following the Fed's decision, Powell said U.S. central bankers were "focused exclusively" on its mandate to pursue full employment and stable prices. economic data. "It's hard to see much happening at this point". The rate rise is effective from Thursday, which is also when the repo rate on borrowing short-term liquidity from the central bank against certificates of deposit... [Full Article...]

U.S. regulators charge Tesla CEO Elon Musk with fraud

The SEC's lawsuit , filed in Manhattan federal court, comes less than two months after Musk told his more than 22 million Twitter followers on August 7 that he might take Tesla private at $420 per share, and that there was "funding secured". [Full Article...]

New recipes remove artificial ingredients — McDonald's burgers

New recipes remove artificial ingredients — McDonald's burgers The burgers will no longer include artificial preservatives, flavors, or coloring. Removing toxic ingredients and adding healthier items such as salads to their menu was an effort to appeal to a broader range of individuals (those who are health conscious). [Full Article...]

Man arrested for running after plane at Dublin Airport

Man arrested for running after plane at Dublin Airport A MAN was chased down and stopped by police on the runway at Dublin airport as he was running after a departing Ryanair plane. An attempt to ban him from Dublin Airport was successfully resisted by his legal aid solicitor. Patrick Kehoe, 23, later appeared in a Dublin court charged with criminal damage to a door lock. 'He was taken to the Airport Police Station and will be handed over to the... [Full Article...]

WhatsApp co-founder shows remorse for selling out his users' privacy

Both Acton and Jan Koum - the other co-founder of WhatsApp - hated the idea of earning money that way. The businessman lamented the sale of WhatsApp . However, he believes users' privacy is at stake. The news comes in the same week that Instagram co-founders Kevin Systrom and Mike Krieger have stepped away from the company, also bought by Facebook , with hints of similar discontent swi... [Full Article...]

Ontario cannabis retail rules present confusion for industry players

Ontario cannabis retail rules present confusion for industry players A number of other licensed producers contacted by the Financial Post declined to comment on the proposed new bill until it is officially introduced Thursday morning. Linton said that operating more retail stores is the company's main objective once cannabis is legalized in Canada next month, with the company planning a nation-wide presence with firm strongholds in Manitoba, Alberta and Eastern Can... [Full Article...]

USA will not tap oil reserve as Iran sanctions loom: Perry

In addition to ripping USA foes such as Iran and Venezuela, President Donald Trump took direct aim at America's Gulf allies during his speech at the UN General Assembly meeting today. Analysts expect sanctions to remove between 500,000 and 1 million barrels per day out of the globe's oil market. Still, the oil market is bracing for a hit to global supplies from renewed US sanctions on Iran. [Full Article...]

Tesla is building its own auto carriers

Tesla is building its own auto carriers The vehicle will be driven to you by a Tesla Customer Experience Professional. In Q2, Tesla surprised the market and hit its target of producing 5,000 Model 3 sedans weekly, just as Musk had promised investors at the release of the company's Q1 financial results. [Full Article...]

Tesla Model 3 Gets 5 Star Rating In NHTSA Crash Test

Tesla Model 3 Gets 5 Star Rating In NHTSA Crash Test The NHTSA doesn't list any recalls or complaints about the Model 3 on its website, but may need to verify with one customer who got a auto with mismatched door panels. The new Model 3 key fob, images of which were released by the FCC earlier this week, will be free for Model 3 owners who request it. The Tesla Model 3 was supposed to be Tesla showing the world that they can speed up their produ... [Full Article...]

Palestinian Shot Dead by Israel near Gaza Border

Palestinian Shot Dead by Israel near Gaza Border Israel says the blockade is meant to prevent weapons from reaching militant groups, including Hamas, which it designates as a terrorist organization and with whom it has fought three wars in the past decade. Hundreds of Palestinian protesters took to the naval border fence in northern Gaza near Zikim beach to participate in a boat protest setting off from the Gaza seaport in an attempt to b... [Full Article...]


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