Economy

Tesla Megapack battery could power San Francisco for 6 hours

Tesla Megapack battery could power San Francisco for 6 hours

A system of Megapacks is more cost-effective and can be installed faster than a fossil-fuel power plant, Tesla says , and the Megapacks can store energy generated by wind turbines or solar panels. T...

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Lufthansa braces for more challenges after price war hits earnings

Lufthansa braces for more challenges after price war hits earnings

CEO Thorsten Dirks said Eurowings will concentrate on high-revenue routes out of cities such as Dusseldorf and Hamburg, and become more like low-priced carriers Ryanair and Easyjet, with a greater emp...

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Stocks stay mixed as investors weigh earning, merger, Fed

Stocks stay mixed as investors weigh earning, merger, Fed

With a quarter point reduction in rates fully priced-in, investors will watch for how Fed Chairman Jerome Powell manages debate about whether the stimulus is necessary and what that says about the a...

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A hacker stole the personal data of 100 million Capital One customers

A hacker stole the personal data of 100 million Capital One customers

The breach affected people who applied for a credit card from the USA bank over the last 14 years, with the theft of sensitive data including Social Security numbers, bank account numbers and about ...

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Air Canada grounds Boeing 737 MAX jets up to January 2020

Air Canada grounds Boeing 737 MAX jets up to January 2020

Given the uncertainty over when the Max will fly again, executives said they want to take a prudent approach on future schedules. In April, the company withdrew the 737 Max from its schedule until Aug...

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China's Beijing Kunlun to revisit Grindr IPO

China's Beijing Kunlun to revisit Grindr IPO

Plans to take Grindr public were first reported in August 2018, but were put on hold in March after the Committee on Foreign Investment in the United States (CFIUS) labelled its owner a "national se...

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Gold prices move higher today, silver rates firm

Gold prices move higher today, silver rates firm

Gold prices steadied on Tuesday, a day before the conclusion of the Federal Reserve's two-day policy meeting, as investors awaited more information on the outlook for interest rate cuts by the US cen...

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InterContinental Hotel Group is cancelling miniature shampoo bottles

InterContinental Hotel Group is cancelling miniature shampoo bottles

In October 2018, it also announced the removal of single-use plastic straws from its hotels by the end of 2019. By switching to bulk-size products, the group hopes to drastically reduce its contribu...

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CCD owner leaves distressing letter for board

CCD owner leaves distressing letter for board

Siddhartha got off his auto near the Netravati River off Mangaluru on 29th July and has been missing ever since. In a complaint to the police, Patil said that Siddhartha told him to stop by the side...

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Pound plummets as Johnson hits 'no deal' Brexit trail

Pound plummets as Johnson hits 'no deal' Brexit trail

If Johnson goes for a no-deal Brexit , some British lawmakers will attempt to stop him, possibly collapsing his government. The EU insists it won't reopen the 585-page withdrawal agreement it spent...

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Capital One data breach affects 100 million people in the U.S.

Capital One data breach affects 100 million people in the U.S.

A software engineer in Seattle, Paige Thompson, was arrested and charged with one count of computer fraud and abuse, authorities said . You should also sign up for monitoring services from E...

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Wait, so, why is the Fed cutting rates, exactly?

Wait, so, why is the Fed cutting rates, exactly?

How does recent data on the US economy compare to what was happening ahead of the rate-cutting campaigns that started in 1995, 1998, 2000 and 2007? The Fed is due to release its policy statement at 2 ...

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Cafe Coffee Day owner goes missing near river — VG Siddhartha

Cafe Coffee Day owner goes missing near river — VG Siddhartha

The political angle can not be ignored in Siddhartha's disappearance. ANI, a news agency, put out a letter allegedly written by the founder VG Siddhartha before went missing on Monday night. T...

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Barclays, JP Morgan among banks facing UK class action over forex-rigging

Barclays, JP Morgan among banks facing UK class action over forex-rigging

Forex manipulation was one of a series of rate-rigging scandals to engulf the global financial sector. The claim against Barclays , JP Morgan, RBS, UBS and Citigroup is estimated to be worth mo...

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Nigel Farage Attacks Boris Johnson's Brexit Plan

Nigel Farage Attacks Boris Johnson's Brexit Plan

The farming sector employs more than 50,000 people in Wales, while the food and drink sector is Wales' largest - contributing nearly £1.7 billion to its economy. She spoke out as Mr Johnson made his f...

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Sanofi Pharmaceutical company raises profit forecast

Sanofi Pharmaceutical company raises profit forecast

Sanofi is betting on strong uptake of its drug Dupixent, which is used to treat a number of diseases. The rise in revenue was supported by sales of Dupixent, a collaboration with Regeneron, which ac...

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Buffett lunch postponed after medical emergency

Buffett lunch postponed after medical emergency

The story surfaced after a tweet from the Tron Foundation was sent out, detailing a medical complication that Sun was apparently facing. Buffett is a known skeptic on all things cryptocurrency, ...

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Pfizer to absorb Mylan, creating generic giant

Pfizer to absorb Mylan, creating generic giant

For New York-based Pfizer , the combination would provide a pocket where it can place profitable yet off-patent products like cholesterol pill Lipitor and erectile dysfunction drug Viagra, which stil...

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GitHub Restricts Developers in Iran and Syria Following US Sanctions

GitHub Restricts Developers in Iran and Syria Following US Sanctions

However, GitHub has always remained transparent on how it treats users based in countries that have been sanctioned by the US. We have gone to great lengths to do no more than what is required by the ...

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Bound flight diverted to Boston over 'smell in the cabin'

Bound flight diverted to Boston over 'smell in the cabin'

I thought someone had an upset stomach, so I ignored it". Another passenger described the odor as a "strange burning smell". "But more like a odd burning smell". . No customers experienced any issue...

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Capital One data breach involves 'tens of millions' of credit card applications

Capital One data breach involves 'tens of millions' of credit card applications

They also believe it's unlikely the suspect has used the information affected for fraud. In addition, company officials reported that 140,000 Social Security numbers belonging to the company's credi...

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US, China to meet as Beijing considers digital currency

US, China to meet as Beijing considers digital currency

It's 14, 15 months until the election, '" in hopes of getting a better deal, Trump responded on Friday when a reporter said the president did not sound optimistic about the talks in Shanghai. These ...

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Israel's Amos-17 ready to launch

Israel's Amos-17 ready to launch

A solar-powered terminal is all an African local will need to connect with AMOS-17, and voila! It was built by US aviation corporation Boeing and will be launched by Elon Musk's SpaceX, according to ...

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Pound dives deeper as no-deal Brexit worries compound

The Sunday Times said that Vote Leave campaign mastermind Dominic Cummings, now a senior advisor to Johnson, told the prime minister's advisers that they have to deliver Brexit "by any means necess...

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Just Eat shares surge after Takeaway.com confirms takeover talks

Just Eat shares surge after Takeaway.com confirms takeover talks

In December, the Dutch food delivery service giant bought German home delivery companies Lieferheld, pizza.de and Foodora from its German competitor Delivery Hero for €930m in a cash share deal. The c...

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Dollar near two-month top after U.S. GDP boosts yield appeal

Dollar near two-month top after U.S. GDP boosts yield appeal

The dollar index was up 0.02% in afternoon trade at 98.027. "People say the Fed could go 50 basis points, but I think that's not going to happen", said Stan Shipley, fixed income strategist at Everc...

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National Chicken Wing Day: Best Deals and Freebies

National Chicken Wing Day: Best Deals and Freebies

Buffalo Wild Wings is offering a special deal in honor of National Chicken Wing Day . In 1977, Buffalo's mayor at the time Stan Makowski declared July 29th " National Chicken Wing Day " and it's b...

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New Audi A1 Citycarver arrives as rugged supermini

New Audi A1 Citycarver arrives as rugged supermini

The A1 citycarver is now under consideration for South Africa. Welcome to a lightly-crossovered Audi A1. The roof can also be had in a contrast colour, in either Mythos black metallic or Manhattan...

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Justice Department green-lights T-Mobile US/Sprint merger

Justice Department green-lights T-Mobile US/Sprint merger

Sprint's prepaid mobile brands, including Boost, Virgin, and its own brand, will be sold to avoid concerns about a lack of competition resulting from the merger. Dish must have a 5G network covering a...

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Just Eat shareholders to get 52pc slice after £9bn Takeover.com merger

Just Eat shareholders to get 52pc slice after £9bn Takeover.com merger

The combined companies will take leadership positions in numerous world's largest food delivery markets, including the UK, Germany, the Netherlands and Canada, they said. Jitse Groen set up Thuisbezor...

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Elon Musk Promises Teslas Will Be Able to Stream Netflix, YouTube Soon

Elon Musk Promises Teslas Will Be Able to Stream Netflix, YouTube Soon

That would actually be pretty wild, especially being able to just watch a show on Netflix or a video on YouTube while your auto just drives itself. Owners won't be able to watch content while they...

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Ryanair reports 21% fall in profits in first quarter

Ryanair reports 21% fall in profits in first quarter

Earnings after taxation slumped 21 percent to 243 million euros ($270 million) in the three months to the end of June compared with the same portion of the previous financial year, Ryanair said in a r...

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Huawei's ties with partners FedEx, Flex fray on U.S.-China tensions

Huawei's ties with partners FedEx, Flex fray on U.S.-China tensions

The relevant state departments will uphold the principles of "comprehensiveness, objectivity and fairness and continue to carry out an in-depth investigation in accordance with the laws", according to...

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FTC Has Fined Facebook With A Record Amount Of $5 Billion

FTC Has Fined Facebook With A Record Amount Of $5 Billion

The FTC said it had addressed issues raised by the complaint in several of the settlement's provisions, including a requirement that Facebook ask consumers to opt in to new uses of the technology ...

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Vodafone set to float new European tower division

Vodafone set to float new European tower division

Vodafone also confirmed that 4G roaming is available in 156 destinations, with customers able to use their home plan in 48 European destinations at no extra cost. Vodafone said it would "monetise a ...

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