Money

Trump tweet biggest insult to USA allies in ME: Iran

Trump tweet biggest insult to USA allies in ME: Iran Saudi Arabia , OPEC's biggest producer, says it can add an extra 1.5 million barrels per day - about 1.5 percent of world demand - to the market. At 0840 GMT, Brent Brent North Sea crude for delivery in November soared as high as $80.94 per barrel. [Full Article...]

Rosenstein has not resigned, still US deputy attorney general

Rosenstein has not resigned, still US deputy attorney general Rod Rosenstein has not resigned and is still serving as USA deputy attorney general, a person familiar with the matter told Reuters on Monday. President Donald Trump will meet later this week with Deputy Attorney General Rod Rosenstein , the White House said Monday amid indications that Rosenstein was about to lose his job. [Full Article...]

Could you spend 30 hours in a coffin?

Could you spend 30 hours in a coffin? The Six Flags website states: "Coffin dwellers will be allowed to bring a friend along during Fright Fest operating hours, but they must fearless the non-operating hours alone". The prizes include two 2019 Gold Season Passes, a Fright Fest prize package, two VIP Haunted House passes and a ticket for two to ride the Freak Train for Freak Unleashed. [Full Article...]

Porsche stops making diesel models after VW emissions scandal

Porsche stops making diesel models after VW emissions scandal Diesel has never been a major part of Porsche's portfolio. The German marque recently announced that they will no longer be offering diesel engine models, even in the future. The company was found to have cheated air pollution tests for 11 million diesel vehicles worldwide, including 1.2 million in the UK. As a result, carmakers around the world have ramped up spending on the development ... [Full Article...]

Why Michael Kors Is on the Verge of Buying Versace

Why Michael Kors Is on the Verge of Buying Versace Versace declined to comment. Donatella Versace is the brand's creative driver. Michael Kors has been looking to bolster its group of luxury retailers against rivals such as Louis Vuitton owner LVMH ( LVMHF ) and Tapestry , the parent of Coach and Kate Spade. [Full Article...]

China snubs United States talks as tariffs swing broadside

China snubs United States talks as tariffs swing broadside The US Senate is set to impose further sanctions on China after Shanghai was found to be buying jets, missiles, and other weaponry from a Russian weapons exporter that landed on the US' no-fly list in sanctions against Russia , and the US is set to punish China for running business with the black-balled corporation. [Full Article...]

OPEC, Russia rebuff Trump's call for immediate boost to oil output

Ben Luckock, co-head of oil trading at fellow merchant Trafigura said crude oil prices could rise to $90 per barrel by Christmas and to $100 by the New Year as markets tighten. Under pressure from Trump, OPEC and allies agreed in June to boost production, after months of undersupply by OPEC countries including Venezuela and Angola and the prospect of the Iran sanctions. [Full Article...]

Nordstrom selling sneakers showcasing scuff marks, tape for more than $500

Nordstrom selling sneakers showcasing scuff marks, tape for more than $500 Italian luxury sneaker brand Golden Goose came under fire after it debuted a pair of $530 sneakers that are styled to look dingy and worn-out with duct tape accents that's described on Nordstrom's website as "crumply, hold-it-all-together tape". [Full Article...]

NSW boy arrested for inserting needles in strawberries as prank

NSW boy arrested for inserting needles in strawberries as prank The new laws will be drafted rapidly and introduced to Parliament this week. All 995 Woolworths branches are affected. Police have confirmed needles have been found in more than 20 punnets of strawberries in NSW, as well as in an apple and a banana. [Full Article...]

Oil prices rise amid drop in US stockpiles, supply worries

Oil prices rise amid drop in US stockpiles, supply worries The OPEC monopoly must get prices down now!" According to EIA, U.S. total products supplied over the last four-week period averaged 21.38 million barrels per day, up 4.9 percent from the same period previous year. Exports of refined products rose by 363,000 barrels a day last week to 5.22 million barrels a day. The lower price point Trump is calling for - assuming OPEC could even deliver on th... [Full Article...]

Uber in talks to buy food delivery firm Deliveroo

Uber in talks to buy food delivery firm Deliveroo The sources, who wished to remain anonymous, claimed that Deliveroo founder and chairman would expect a figure higher than the company's reported market value. market, cited Bloomberg . A bid for Deliveroo would mark a major attempt by the U.S. firm to dominate the food-delivery business in Europe, the report noted. [Full Article...]

Cathay Pacific sends plane 'back to the shop' after embarrassing misspelling

Cathay Pacific sends plane 'back to the shop' after embarrassing misspelling Cathay Pacific Airways Limited, together with its subsidiaries, operates as an airline that provides scheduled passenger and cargo services to approximately 200 destinations in Asia, North America, Australia, Europe, and Africa. He added, "There should be a blank gap in between letters if it was a real mistake". "The idea is that Twitter is having a blast with it, with users suggesting all kind... [Full Article...]

Comcast outbids Fox with $58b bid for Sky

Comcast outbids Fox with $58b bid for Sky While Comcast's current bid would value Sky at £26bn, analysts think the company could end up fetching a far higher price. Deep-pocketed firms like Netflix and Amazon have eye-popping budgets and are pouring money into media production and streaming rights. [Full Article...]

Emirates and Etihad deny report of a merger

Emirates and Etihad deny report of a merger Both airlines denied the report when they were contacted by Reuters. An Emirates spokeswoman said the company doesn't comment on speculation, as did a spokesman for Etihad, Bloomberg News said. The two airlines, which have been vying for Gulf airline dominance along with Qatar Airways, had entered into agreements to cooperate in some areas earlier this year. [Full Article...]

India to pay in rupees for Iranian oil from November

India to pay in rupees for Iranian oil from November The US' sanctions on the import of Iranian petroleum products will be effective from November 4. " India's position has generally been that it will only enforce sanctions authorised by UN Security Council resolutions, rendering it likely that India will resist United States efforts to compel it to comply with reimposed USA sanctions such as those that mandate cuts in oil purchases from Iran", t... [Full Article...]

Walmart warning it'll raise prices as Trump's China tariffs kick in

Walmart warning it'll raise prices as Trump's China tariffs kick in Several chains asked the White House not to implement the added tariffs on $200 billion in goods. Walmart Inc (WMT.N) said that it may hike prices of products if the Trump administration imposes a tariff on Chinese imports, according to a letter the company wrote to U.S. [Full Article...]

Oil Rises as Dollar Declines, Supply Concerns Persist

Oil Rises as Dollar Declines, Supply Concerns Persist However, the country's oil exports fell to 7.12 million barrels per day (bpd) last month from 7.24 million bpd, according to figures from the Joint Organizations Data Initiative. - China trade conflict on the world oil demand. The contract climbed 94 cents to $69.85 on Tuesday. "It will be no easy feat for Saudi Arabia and Russian Federation to balance declining production from Iran and Vene... [Full Article...]

China's Alibaba Scraps Plan to Create 1M US Jobs

China's Alibaba Scraps Plan to Create 1M US Jobs Ma and Trump met in January 2017 to discuss how adding small and medium-sized USA businesses to Alibaba's platform would boost employment. Alibaba can no longer meet that promise, Ma told Chinese news agency Xinhua on Wednesday. goods with 5 to 10 per cent taxes. The two companies assert they are combining VMware's hybrid cloud software portfolio with Alibaba Cloud's scalable cloud infrastru... [Full Article...]

Oil up on supply concerns ahead of OPEC meeting

US sanctions on Iran could make it hard for countries to buy Iranian oil, opening the door for other countries like Iraq to become oil exporting powerhouses . For this year's April-to-September driving season, the Energy Information Administration expects USA petrol prices to be up 19% from a year ago, mostly because of expectations for higher crude-oil prices. [Full Article...]

[H]ardOCP: Audi Unveils an Electric SUV Called the E-Tron

[H]ardOCP: Audi Unveils an Electric SUV Called the E-Tron But an e-tron detail is a hand rest above the console that incorporates a gear selector operated with your thumb and index finger. If it can get close to the 400 kilometre range that was first bandied about for the Audi e-tron back in its concept phase, then the company could have a true contender on its hands. [Full Article...]


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