Economy

Gold gains on weaker dollar, U.S.-China trade tension

Gold gains on weaker dollar, U.S.-China trade tension

Globally, gold was trading up 1.13 per cent at Dollars 1,457.30 an ounce, while silver traded 1.51 per cent higher at USD 16.53 an ounce. " Profession stress in between the UNITED STATE and also C...

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United Kingdom services PMI rises to 51.4 in July | 5 August 2019

United Kingdom services PMI rises to 51.4 in July | 5 August 2019

The reading is the highest in nine months, and above predictions of 50.4. Despite the improvement, the PMI stands well below its long-run average of 54.9 and survey compiler IHS Markit said Britai...

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Walmart plans to continue to sell guns, following Texas mass shooting

Walmart plans to continue to sell guns, following Texas mass shooting

The next step for Walmart would be to quit selling guns, and it's not planning to do that. Walmart is one of the largest sellers of guns and ammunition in the world. Additionally, "Walmart goes beyo...

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British Airways flight evacuated after filling with smoke

British Airways flight evacuated after filling with smoke

Passenger Gayle Fitzpatrick, from Glasgow, told PA a "horrible white acrid" smoke filled the cabin about 10 minutes before its scheduled landing. Image courtesy: Lucy Brown, Twitter (Supplied) Passe...

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'Flying car' hovers steadily in test flight by Japanese electronics company NEC

'Flying car' hovers steadily in test flight by Japanese electronics company NEC

The preparations included repeated checks on the machine and reporters were mandated to wear helmets. The country's technological roadmap calls for shipping goods by flying cars by around 2023 and let...

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Stocks plunge on Wall Street as US-China trade war escalates

Apple gave up 5.2%. The yuan breached the key 7-per-dollar level for the first time in more than a decade, and President Donald Trump slammed it as "a major violation", sending investors scurrying...

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Tesco announces 4500 job cuts with focus on Metro stores

Tesco announces 4500 job cuts with focus on Metro stores

The changes will allow the firm to "serve shoppers better" and help it run more sustainably in an "increasingly competitive and challenging retail environment", the spokesman said. However, the whole ...

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Heathrow Airport cancels 177 flights amid staff strike

Heathrow Airport cancels 177 flights amid staff strike

Britain's busiest airport has already cancelled 177 flights - roughly one in seven departures. A two-day strike is planned to start on Monday, with a further 48-hour stoppage due from August 23rd. T...

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Tesla brings back free unlimited supercharging for the Model S and X

Tesla brings back free unlimited supercharging for the Model S and X

Though little information has been released regarding the details of the offer - and just a tweet via Tesla's official Twitter page to confirm it - it's likely that the move has been made in order to ...

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HSBC boss John Flint resigns 'by mutual agreement'

HSBC boss John Flint resigns 'by mutual agreement'

Mr Flint has a 12 month notice period but it is not clear when his departure date will be because he has "agreed to remain available to HSBC ". His day-to-day responsibilities will be taken over by...

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China's Yuan Tumbles Past 7 Per Dollar for First Time Since 2008

China's Yuan Tumbles Past 7 Per Dollar for First Time Since 2008

At press time, the USD/CNH pair is trading at 7.0290. That's the lowest in 11 years and the biggest one-day drop in four years. Recently, Trump has demanded a weaker USA dollar to make America more ...

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China Hits Back at Trump by Weakening Yuan, Halting Crop Imports

China Hits Back at Trump by Weakening Yuan, Halting Crop Imports

Washington and Beijing have been embroiled in a trade war since June 2018 , when Donald Trump announced he was imposing tariffs on $50 billion worth of Chinese imports in a bid to balance the trade...

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FBI, local and state law enforcement coordinating on El Paso, Dayton shootings

FBI, local and state law enforcement coordinating on El Paso, Dayton shootings

The shooter, who has not yet been identified, was shot and killed by responding officers. Less than 15 hours later, in Dayton, at least nine people were killed and 27 injured after a gunman weari...

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Trump Addresses The Nation Following Shootings In El Paso, Dayton

The shooting suspect, 21-year-old man, is in custody. Trump said he would address the nation on Monday. "Hate has no place in our country", he said. Greg Abbott, a Republican, about the El Paso sh...

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Causeway Capital Management LLC Boosted Encana Corp (ECA) Position

Over the past 4 weeks, shares have seen a change of -8.94%. The company was maintained on Tuesday, March 5 by Goldman Sachs. Taking a chance on a risky stock may provide high returns , but investors ...

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Never-ending trade war takes a toll on commodities

Never-ending trade war takes a toll on commodities

But you'll be seeing. Oil resumed its decline as demand fears deepened after President Donald Trump threatened to slap more tariffs on China, countering concerns crude flows may be disrupted follo...

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Bitcoin.com Announced Launching Of Crypto Exchange

Bitcoin.com Announced Launching Of Crypto Exchange

Although Roger Ver was one of the first Bitcoin investors, he became a strict BCH supporter with the Bitcoin Cash hard fork and still criticized Bitcoin and continue to praise Bitcoin Cash. We will ...

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Ryanair to slash jobs amid warning it has 900 excess crew

Ryanair to slash jobs amid warning it has 900 excess crew

The Ireland-based parent itself appears set for job cuts, with CEO Michael O'Leary recently warning that staff should prepare for this in the coming weeks, and claiming the company has about 900 staff...

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International Business: Berkshire Hathaway profit falls as economy slows

International Business: Berkshire Hathaway profit falls as economy slows

Berkshire also said quarterly net income rose 17% to $14.07 billion, or $8,608 per Class A share, from $12.01 billion, or $7,301 per Class A share, a year earlier, reflecting higher unrealized gains o...

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Goals Soccer to de-list as accounts probe finds 'improper behaviour'

Goals Soccer to de-list as accounts probe finds 'improper behaviour'

The company has been in crisis since March when trading in its shares on London's junior Aim market were suspended after it uncovered a potential £12m unpaid tax bill . The news will infuriate Ashley...

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N-Out Dethroned as America's Favorite Fast Food Chain

N-Out Dethroned as America's Favorite Fast Food Chain

However the largest shakeups occurred inside the pizza and sandwich lists. The Georgia-based chicken chain has beaten out reigning champ In-N-Out Burger, which ranked No. Chick-fil-A received the hi...

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No-deal Brexit an 'instantaneous' shock to economy

No-deal Brexit an 'instantaneous' shock to economy

The BoE's nine-member Monetary Policy Committee (MPC) voted unanimously on keeping interest rates unchanged. Since Britain voted to leave the European Union in June 2016, the bank has assumed that i...

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'Powell let us down' with Fed's quarter-point cut

'Powell let us down' with Fed's quarter-point cut

The Fed Chairman said that Fed members focused on a "mid cycle adjustment" and focused on the fact that over this past year the monetary policy has pivoted from a series of interest rate hikes, to a...

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Pound sinks to fresh low against dollar amid no-deal Brexit fears

Pound sinks to fresh low against dollar amid no-deal Brexit fears

Powell's remarks, however, slashed expectations the Fed is prepared to lower rates well into next year. "Rate cuts will be on the small side, but this still strengthens the case for a prolonged USA ec...

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Google Stops Audio Transcription From Google Assistant In European Union

Google Stops Audio Transcription From Google Assistant In European Union

The company has acknowledged its contractors in the last month to listen to the recordings of what people tell Google Assistant after the leakages of the recordings of the Dutch languages. "This is ...

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IBM Fired 100,000 Older Employees To Look

IBM Fired 100,000 Older Employees To Look "Cool, Trendy", Claims Lawsuit

Bloomberg writes that at the end of 2018, IBM's global workforce stood at 350,600, marking a 19 percent reduction since 2013. Wild said in his deposition that IBM wanted to demonstrate to mille...

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Apple Card will not allow purchase of cryptocurrencies

Apple Card will not allow purchase of cryptocurrencies

Like US banking giants and credit-card issuers Citigroup and JPMorgan Chase & Co. before it, Apple won't let people use its card to buy cryptocurrencies. The minimum amount due for such purchases will...

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Campbell offloads Arnott's and rest of International operations

Campbell offloads Arnott's and rest of International operations

Campbell will use the expected aggregate net proceeds of $3 billion to reduce the company's debt. Essex Limited Co, Massachusetts-based fund reported 7,674 shares. At the time of writing, this stock'...

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Exxon Mobil profit drops on weaker gas prices, higher costs

Exxon Mobil profit drops on weaker gas prices, higher costs

Revenue was $38.8 billion, down from $42.2 billion in the same period a year earlier and short of the estimated $40.5 billion. Total also cited weaker natural gas and refining operations for earnings...

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India Falls to 7th Spot in Global GDP Rankings

Germany was the fourth largest economy in 2018 with the GDP of $4 trillion. World Bank figures for 2018 show that India has fallen in Gross Domestic Product rankings and is now the seventh-largest e...

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Majestic Wine To Sell Retail And Commercial Units To Softbank's Fortress

Majestic Wine To Sell Retail And Commercial Units To Softbank's Fortress

It made finding a suitable buyer for the business crucial. The net proceeds of both transactions will initially be used towards eliminating the group's debt; investing in the growth of online wine r...

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Lowe's Will Begin Laying Off Thousands Of Their Employees

As competition from Amazon.com heats up and import tariffs affect profitability, companies like Lowe's seem to be searching for ways to maintain both market growth and profitability. As of February 1,...

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IBM is bringing its software to Red Hat OpenShift

IBM is bringing its software to Red Hat OpenShift

The Buzz: " IBM is unleashing its software from the data center to fuel the enterprise workload race to the cloud ". IBM in July finalized its $34 billion purchase of Red Hat and says it will...

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IAG reports €960m operating profit for second quarter

The company also saw passenger revenues surge for the half year, with revenues rising 7.2 per cent to £9.7bn in the first six months of 2019. The UK's flagship carrier recently lost appeal against the...

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Court rejects British Airways' bid to proposed strike action by pilots

The strike is due to pay. British Airways contributed £1.96bn to that, up 8.7 percent from 2017's figures. How much are BA pilots paid? The unions say the pay rise is not adequate given IAG'...

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