Economy

Oil Prices Unmoved By Surprise Crude Build

Oil Prices Unmoved By Surprise Crude Build

But in the next five years, OPEC will supply a reduced amount of oil, squeezed by rising USA shale output and sources of other rivals, according to the oil producers' group in 2019 World Oil Outloo...

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Lufthansa crew strike to result in 1300 cancelled flights

Lufthansa crew strike to result in 1300 cancelled flights

Lufthansa said Wednesday it was scrapping 1,300 flights as German cabin crew pressed ahead with a two-day strike, plunging passengers into travel chaos amid an escalating row over pay and conditions....

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Brazil oil auction raisesa 'disappointing' $17bn

Brazil oil auction raisesa 'disappointing' $17bn

Petroleo Brasileiro SA, as the Brazilian firm is also known, and Chinese state firms CNOOC and CNODC made the only bids out of over a dozen major oil firms who had registered. Petrobras shares erased ...

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SoftBank posts $6.5 billion loss on WeWork, Uber and other bets

SoftBank posts $6.5 billion loss on WeWork, Uber and other bets

CNBC calls it a "remarkable admission" from the 62-year-old "well known for his ebullience". He said he had turned a blind eye to problems with Neumann in areas such as corporate governance. With i...

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Montreal-based mining company reports several deaths in Burkina Faso attack

Montreal-based mining company reports several deaths in Burkina Faso attack

The attack occurred on the road between the city of Fada and Semafo's flagship Bongou gold mine in the eastern region of Burkina Faso, the Montreal-based company said in a statement Wednesday. The B...

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Boffins hack Alexa, Google Assistant and Siri using lasers

Boffins hack Alexa, Google Assistant and Siri using lasers

The takeover is instantaneous and silent - a well-placed command to turn the device's volume down to zero would ensure that even its spoken responses could go unnoticed by its hapless owner. They even...

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Asia stocks mixed on possible US-China trade snag

Asia stocks mixed on possible US-China trade snag

Ross said that the "Phase 1" talks now underway were making progress and that more complicated issues would not be tackled until later discussions. The drop could be a sign that after a period of nerv...

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Starbucks' New Holiday Cups Are Available Across Canada Starting Tomorrow

Starbucks' New Holiday Cups Are Available Across Canada Starting Tomorrow

Plus, this year Starbucks is making sure that its cafes look festive. Although in the past Starbucks has experimented with less Christmasy cups , this year it's sticking to the holiday theme wi...

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Facebook rebrands as FACEBOOK to differentiate itself from company app

Facebook rebrands as FACEBOOK to differentiate itself from company app

The company said the new brand would appear on Instagram , WhatsApp and its other offerings. We're updating our company branding to be clearer about the products that come from Facebook . Face...

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Tesla to unveil electric pickup 'cybertruck' on November 21 - Musk

Tesla to unveil electric pickup 'cybertruck' on November 21 - Musk

Musk, 48, has made reference to the movie before in discussing the truck. To say the Tesla truck is highly anticipated would be an understatement. In a follow-up post, he said the date was "strangel...

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Statistics Canada reports trade deficit narrowed to $978M in September

Statistics Canada reports trade deficit narrowed to $978M in September

Exports fell 1.3 percent to CAD 49.8 billion, while imports dropped 1.7 percent to CAD 50.8 billion. Total imports also declined by 10.5 percent to $9.02 billion from $10.08 billion during the same co...

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Uber shares skid as losses widen, Transport

Uber shares skid as losses widen, Transport

During the same period, Uber reported a net loss of $1.16 billion for the quarter, topping its $986 million loss during the same quarter of 2018. Gross bookings grew to $16.5 billion, which was 29...

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Asian shares rally on US-China trade deal hopes:The Asahi Shimbun

Asian shares rally on US-China trade deal hopes:The Asahi Shimbun

Solid corporate earnings and upbeat data also provided equities a lift. More than three-quarters of the S&P 500 companies that have reported so far have beaten profit expectations, Refinitiv data show...

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For all its wealth, oil giant pays surprisingly little

For all its wealth, oil giant pays surprisingly little

After years of delay, Aramco said it plans to sell an unspecified number of shares on the Riyadh stock exchange, calling it a "historic" milestone for the energy giant which pumps 10 per cent of the...

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Ryanair's speedy boarding boost makes up for 737 Max misery

Ryanair's speedy boarding boost makes up for 737 Max misery

US carriers do not expect to fly the MAX until 2020, according to their schedules, as they wait for regulators to end a worldwide grounding that followed two deadly crashes. Mr O'Leary added: "We may ...

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Australia Central Bank Leaves Cash Rate Unchanged

Australia Central Bank Leaves Cash Rate Unchanged

NAB's economists still expect a December rate cut "predicated in part on the economy remaining generally softer than expected", but suggest a pause next month might mean the RBA is preparing unconv...

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China's President Xi says need to bring down trade barriers:The Asahi Shimbun

China's President Xi says need to bring down trade barriers:The Asahi Shimbun

Xi was addressing attendees at the China International Import Expo (CIIE) in Shanghai during the event's inauguration, reports Efe news. "We call for their consolidation and deepening", Macron said ...

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Gold prices increases, silver follows at Rs 46,650 per kilograms

Gold prices increases, silver follows at Rs 46,650 per kilograms

The chances of a rapprochement between the USA and China appeared to have increased on Tuesday after reports in both the Financial Times and the Wall Street Journal saying that the US administration...

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Man Fatally Stabbed Over Popeyes Chicken Sandwich in Maryland, Police Say

Man Fatally Stabbed Over Popeyes Chicken Sandwich in Maryland, Police Say

Officers found a 28-year-old man with stab wounds in the restaurant's parking lot. The victim was transported to a nearby hospital where he later died from his injuries. This is very sad and unfortuna...

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Pork and beef exports to China resume: Trudeau

Pork and beef exports to China resume: Trudeau

The Chinese embassy in Ottawa had no immediate comment. Bilateral tensions heightened after police in Vancouver arrested Meng Wanzhou, the chief financial officer of China's Huawei Technologies Co, ...

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Chick-fil-A Sends Email Promotion -- For Day That It's Closed 11/01/2019

Chick-fil-A Sends Email Promotion -- For Day That It's Closed 11/01/2019

The problem? November 3rd is a Sunday. Capriotti's has a buy one, get one free sandwich deal on Sunday, November 3: Place your order through the CAPAddicts App , and you'll get a free small sandw...

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Krispy Kreme orders student to halt doughnut resale service

Krispy Kreme orders student to halt doughnut resale service

By packing his Ford Focus with 100 boxes containing a dozen of the infamously covetable glazed pillows, he could make a pretty penny on each eight-hour Saturday trip, attacking his student loan debt i...

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Westpac (ASX:WBC) completes $2 billion institutional placement

Westpac (ASX:WBC) completes $2 billion institutional placement

The bank, Australia's oldest and one of its biggest, said Monday its net profit dropped by 16% to A$6.78 billion Australian dollars in the 12 months through September, the first decline in four years ...

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Buffalo Wild Wings: Workers fired over skin color reseat bid

Buffalo Wild Wings: Workers fired over skin color reseat bid

Just as their group - the majority of whom were African American - was about to be seated, a staff member asked them if they could move to a new section, due to the request of some "regular customers"...

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Apple Commits $2.5 Billion Towards Tackling California Housing Crisis

Apple Commits $2.5 Billion Towards Tackling California Housing Crisis

In January, Facebook teamed up with organizations to raise $500 million to help fight the housing crisis. "Affordable housing means stability and dignity, opportunity and pride", Apple's CEO Ti...

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100+ Vegetable Products Recalled Over Listeria Concerns

100+ Vegetable Products Recalled Over Listeria Concerns

Brands impacted by the recall, sold in the US and Canada, are: Mann's, Del Monte, Trader Joe's, Signature Farms, O Organics, HEB, Hungryroot, Kroger Organic, Marketside, Signature Farms, and Sysco. Ho...

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This is the new Facebook logo - and why it’s changing

This is the new Facebook logo - and why it’s changing

The Facebook app will retain its old branding, while other apps will gain a prominent "from Facebook " logo throughout their interface. The move highlights its effort to be more clear with consum...

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Berkshire Hathaway's third-quarter profits decline 11%

Berkshire Hathaway's third-quarter profits decline 11%

Berkshire benefited as resilience in consumer spending helped cause United States economic growth to slow less than expected, offsetting a contraction in business investment. Berkshire's Class A share...

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Study Reveals: Bitcoin $20,000 Bull-Run Caused By One Whale

Study Reveals: Bitcoin $20,000 Bull-Run Caused By One Whale

Finance professor John M. Griffin from the University of Texas and assistant professor of finance at the Ohio State University - Amin Shams, came up with a paper in 2018 that the price actions may...

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One dead, others sickened after eating tainted beef

One dead, others sickened after eating tainted beef

According to the CDC , a total of 10 people have been reported to be infected with the strain of Salmonella Dublin and one death has been reported in California. The hospitalization rate is usually ...

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McDonald's Launches 'Surprise Happy Meal' With Throwback Toys

For instance, you can purchase these Happy Meals with retro toys from November 7 to November 11, 2019 . "Since the Happy Meal was introduced on the menu, it quickly became synonymous with our brand"...

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US adds surprisingly strong 128,000 jobs in Oct amid GM strike

US adds surprisingly strong 128,000 jobs in Oct amid GM strike

Without the impact of the GM strike, employment in the United States manufacturing sector would have risen in October and overall payrolls would have risen by around 170,000 net new positions, mat...

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Energy giants face 35pct output cut to hit Paris climate goals: watchdog

Energy giants face 35pct output cut to hit Paris climate goals: watchdog

Carbon Tracker's oil and gas analyst and report author Mike Coffin said: "If companies and governments attempt to develop all their oil and gas reserves, either the world will miss its climate t...

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If Barneys Liquidates, Other Department Stores Will Face the Consequences

If Barneys Liquidates, Other Department Stores Will Face the Consequences

Riley Financial Inc. Following a few attempts to keep the brand alive, including an unsuccessful "Save Barneys" bid by KITH co-founder Sam Ben-Avraham (seen above), Barneys was sold for a whopping...

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VW brand releases electric vehicle roadmap for China

To reach the 300,000 plug-in vehicle target, VW is planning to launch ten electrified versions of existing models (PHEVs and EVs) in the local market until the end of 2020. As Thomas Ulbrich, Volksw...

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