Economy

Audi to pay €800m fine in Germany over diesel cheating

Audi to pay €800m fine in Germany over diesel cheating Audi said the fine would have an impact on its annual earnings. In the wake of the news, Audi Group said it would significantly undercut major financial key performance indicators forecasted for the current fiscal year. The prosecutors said this included profits from the sales of affected vehicles. Prosecutors in Munich said on Tuesday the fine was imposed because Audi management neglecte... [Full Article...]

YouTube experiencing "access issues" in apparent global outage

YouTube experiencing In addition, visiting YouTube.com produces a blank screen with only the YouTube logo displayed. Attempts to visit individual channels on the website returned "500 Internal Server Error" messages. YouTube said it was trying to resolve the issue. Google's YouTube TV, a USA -exclusive video streaming platform, is also down right now according to various reports. [Full Article...]

Saudi oil output expected to rise next month: Falih

Balancing the US data were reports that Iranian exports of crude oil may be falling faster than expected ahead of new USA sanctions on Tehran from November 4. Weak U.S. gasoline margins and growing U.S. shale output could also cap gains in crude prices, market participants said. "Earlier today, I held a meeting with Prime Minister Narendra Modi and Petroleum Minister Dharmendra Pradhan and a... [Full Article...]

UK, Germany, France press Saudi Arabia over Khashoggi disappearance

UK, Germany, France press Saudi Arabia over Khashoggi disappearance The Saudis continued to deny they killed the writer , but there were indications the story could soon change. Trump spoke after a personal 20-minute phone call with Saudi King Salman and as the president dispatched his secretary of state to Riyadh for a face-to-face discussion with the king. [Full Article...]

Tesla, Musk settlements with SEC approved by judge

Tesla, Musk settlements with SEC approved by judge Tesla shares rose 4 percent to $269.81 in morning trading. The settlement terms will have Tesla pay a $20 million fine, and Musk will pay a $20 million fine. "And the name change is so on point!" Musk later scrapped the proposal, saying investors believed that Tesla would be "better off as a public company". [Full Article...]

CARAVAN CRISIS: Trump Threatens to Cut Honduras Aid Over 'Growing' Migrant Caravan

CARAVAN CRISIS: Trump Threatens to Cut Honduras Aid Over 'Growing' Migrant Caravan Trump wrote on Twitter. Hernandez also chided President Trump for separating migrant children at the U.S. -Mexico border, something he says put Honduras under "huge pressure". From left; Vice President Oscar Ortiz of El Salvador, Honduran President Juan Orlando Hernandez, Mexico Foreign Secretary Luis Videgaray, U.S. Secretary of State Mike Pompeo, Vice President Mike Pence, Secretary of Homela... [Full Article...]

Insurance companies not covering storage of Iranian oil, says Indian Oil official

Insurance companies not covering storage of Iranian oil, says Indian Oil official Interacting with CEOs and Experts from Oil and Gas Sector from India and overseas in New Delhi , the Prime Minister drew their attention on certain key policy issues relevant to India. The Opposition has repeatedly blamed the Centre for the steep hike in the fuel price , while the latter has maintained that global crude oil prices and other worldwide factors are responsible for the increase in... [Full Article...]

In most metros, diesel price rise cancels out Centre's Rs 2.50 cut

In most metros, diesel price rise cancels out Centre's Rs 2.50 cut According to the Automobile Association, unaudited mid-month data from the Central Energy Fund is pointing towards increases of around 40 cents a litre for petrol and 70 cents a litre for diesel, while illuminating paraffin could go up by around 68 cents. [Full Article...]

Facebook trims data breach to 29m users

Facebook trims data breach to 29m users The attackers didn't take any information from about 1 million people whose accounts were vulnerable. "We're cooperating with the Federal Bureau of Investigation, which is actively investigating and asked us not to discuss who may be behind this attack", Facebook said . [Full Article...]

Saudi Arabia preparing to admit Khashoggi was killed

Saudi Arabia preparing to admit Khashoggi was killed A Turkish security source has told the BBC that officials had audio and video evidence proving Mr Khashoggi was murdered inside the building. The official Saudi Press Agency (SPA) then quoted an unnamed official saying the kingdom "will respond with greater action", if there are measures and that its economy "has an influential and vital role in the global economy". [Full Article...]

Mega Millions Jackpot Now Worth $654 Million

Mega Millions Jackpot Now Worth $654 Million The largest, just $2 million more, was drawn in March 2012. Unfortunately, even as the big prize for Tuesday night's drawing rises to the fourth-largest in USA history, the odds of matching all six numbers and winning the game don't improve. [Full Article...]

Sears files for bankruptcy as CEO steps down

Sears files for bankruptcy as CEO steps down Some retailers beat Sears on price, Walmart in particular, while others beat Sears on quality. As of May, it had fewer than 900 stores, down from about 1,000 at the end of past year. Sears recently added a restructuring expert as a company director for an additional layer of guidance on how to navigate a bankruptcy filing. Since previous year alone, Sears has closed more than 380 of its 894 stor... [Full Article...]

Trump 'immediately' sending Pompeo to meet with Saudi king over missing activist

Trump 'immediately' sending Pompeo to meet with Saudi king over missing activist Turkish authorities say a team of Saudis killed Khashoggi , and United States intelligence intercepts show Saudi officials discussing an operation to lure Khashoggi - a Saudi citizen who had been living in the U.S. should not continue "business as usual" with Saudi Arabia in the wake of Khashoggi's disappearance. Arrests journalist. Arrests his political opponents, or they'd disappear, etc, et... [Full Article...]

Air hostess falls out of plane

Air hostess falls out of plane The accident occurred at Mumbai's worldwide airport as the crew were getting ready to welcome passengers aboard the New Delhi-bound flight. A spokesperson for Nanavati Hospital, where the flight attendant was taken, was not immediately available for comment when contacted by AFP . [Full Article...]

Iconic US retailer Sears files for Chapter 11 bankruptcy

Iconic US retailer Sears files for Chapter 11 bankruptcy Meanwhile, Sears workers are nervous about what kind of severance they'll receive if their store closes. The company, which owns the discount chain Kmart, has filed for chapter 11 bankruptcy in NY as it struggles with a debt burden of $5.6bn (£4.3bn). [Full Article...]

At IMF-World Bank meetings, Powell praised as Trump calls Fed 'crazy'

At IMF-World Bank meetings, Powell praised as Trump calls Fed 'crazy' While Trump said rising rates after years near zero are "good for people with money in the bank and now they can get interest on their money for first time in a long time", he insisted Thursday Fed was "making a mistake ". "The problem in my opinion is Treasuries and the Fed". Both Powell and the president confirmed in recent days that they have not spoken to each other about interest rates. [Full Article...]

Patisserie Valerie finance chief arrested as company teeters on brink of collapse

Patisserie Valerie finance chief arrested as company teeters on brink of collapse The probe is being led by the Serious Fraud Office (SFO). It says that it would have to enter administration without an immediate £20m cash injection. "The loan is for a three-year term and made on an interest-free/fee-free basis and will be secured in due course". Historical statements on the cash position of the company were misstated and subject to fraudulent activity and accounting irreg... [Full Article...]

Rubio: Trump must respond with 'more than words' over Jamal Khashoggi

Rubio: Trump must respond with 'more than words' over Jamal Khashoggi Upon noticing the watch, Khashoggi's assailants tried to unlock the Apple Watch with multiple password attempts, ultimately using the journalist's fingerprint to unlock the smart watch. However, Trump said he did not want to block military sales to Saudi Arabia, one option that has rattled USA defence contractors, saying "there are other ways of punishing ". [Full Article...]

Almost $13 billion wiped off of cryptocurrency market as major coins plunge

Almost $13 billion wiped off of cryptocurrency market as major coins plunge Major ones like Bitcoin and Ethereum are significantly lower and altcoins copied them. Bloomberg contacted Chainalysis , which discovered that "50 transactions involving a total of 50,500 Bitcoins originating from that whale's wallet were moved between August 23 and 30". [Full Article...]

Saudi rejects 'baseless' murder claims over missing journalist

Saudi rejects 'baseless' murder claims over missing journalist He said that allegations about orders to murder Khashoggi were "lies" targeting the government, according to the official Saudi Press Agency . Here is a look at what we know about the disappearance. Turkish officials told The Associated Press one of those men was an "autopsy expert". Hatice Cengiz, right, the Turkish fiancee of missing Saudi Arabian journalist Jamal Khashoggi , wants Dona... [Full Article...]


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