Economy / 30

Data of 267 million Facebook users have been published online

December 20, 2019

Notably, it was found that most of the affected users were from the United States. According to Diachenko, the database of Facebook users was exposed for almost two weeks before its access was removed. Though scraping goes against Facebook's user agreement, it is a process that can be easily carried out, especially on users that have their account settings set to "Public".

Russian motorist converts his auto to look like a Tesla Cybertruck

December 20, 2019

Tesla and BMW did not immediately respond to requests for comment on Thursday. Tesla has a secret master plan and Elon Musk is the main visionary behind it, and the documents on the Tesla website gives more information about it. Deliveries for the first batch of bookings are expected to start end 2020. Some investors believe that Tesla's Shanghai factory could produce potential margins of around 25% on average, said Bill Selesky, analyst at Argus Research, according to MarketWatch .

Trump administration advances drug importation plan

December 20, 2019

Health officials have unveiled a proposed legal framework for patients to eventually get medicines from other countries, subject to USA safeguards. In a telephone call with reporters Tuesday, Alex Azar, secretary of health and human services, described the announcement as momentous.

Andrew Bailey named next Bank of England governor

December 20, 2019

Finance minister Sajid Javid was expected to announce the choice of who will replace Mark Carney as the BoE's new governor on Friday, the Financial Times said. " Andrew Bailey has the experience, the record and the character to do just that". It was previously expected that Mr Carney would depart on January 31, the day the United Kingdom is set to leave the European Union.

Jaguar Land Rover buys off-road specialist Bowler!

December 20, 2019

Jaguar Land Rover has bought up one of Top Gear's favorite purveyors of fast, mad off-road things: Bowler . Bowler was founded in 1985 by Drew Bowler . "The expertise Bowler has amassed for all-terrain vehicle dynamics, low-volume production techniques, and proving the durability of components under extreme conditions, is highly sought-after", Land Rover said during its announcement of the purchase.

Statistics Canada says annual pace of inflation climbs to 2.2 per cent

December 20, 2019

That figure ends a three-month streak where the annual pace of inflation had held steady at 1.9 per cent. Canadian government bond prices were lower across a steeper yield curve, with the two-year down 2 Canadian cents to yield 1.715 per cent and the 10-year falling 24 Canadian cents to yield 1.661 per cent.

Why Pelosi Isn't Committing to Sending Articles of Impeachment to the Senate

December 20, 2019

Mr McConnell has already said there is no chance the Senate will convict Mr Trump. At 9:30am tomorrow morning, on the Senate floor, I will speak about House Democrats' precedent-breaking impeachment of the President of the United States.

China exempts more tariffs on United States goods before signing trade deal

December 19, 2019

In return, China has cancelled its retaliatory tariffs that it had planned for December 15, including a 25% tariff on USA autos, and agreed to increase purchases of US agricultural goods, manufactured goods, energy, and services by at least $200 billion over the next two years.

Cyrus Mistry reinstated as Tata Group head

December 19, 2019

For the Tata Group to prosper as an institution, it is important that the management of individual companies, their Boards, the management of Tata Sons, the Board of Tata Sons and the shareholders of Tata Sons, all work harmoniously within a robust governance framework, that in substance and form, protects the rights of all stakeholders, including shareholders, investors and the Tata Groups employees, who represent the strongest asset of the Group.

Canadian dollar rallies as higher inflation weighs on rate cut bets

December 19, 2019

CPI common, which the central bank says is the best gauge of the economy's underperformance, was at 1.9%, while CPI median, which shows the median inflation rate across CPI components, was at 2.4%. Bank of England chief Mark Carney, who will soon step down as governor, said however that the bank expected inflation to climb above its 2% target in about three years.

In a Merger of Equals, Fiat Shareholders Walk Away With Premium

December 18, 2019

Fiat Chrysler and Peugeot are joining forces to create the world's fourth-largest vehicle maker by volume, signing a 50-50 merger deal that will unite some of the most recognizable automobile brands under one company, from Dodge and Jeep to Maserati, Citroën and Opel.

British Pound rise completely fizzled out after victory for Johnson - that's why

December 18, 2019

In its assessment of prospects for the State, the Central Bank of Ireland had said a no-deal exit on October 31, the previous planned withdrawal date, would have pushed the economy into recession in 2020, compared with the prospect of 4.3pc growth if the trading relationship with the United Kingdom had remained unchanged.

Amazon just barred third-party sellers from using FedEx for deliveries

December 18, 2019

FedEx, in an emailed statement, said, "The overall impact to our business is minuscule". FedEx shares dropped 6.5% to $152.60 in extended trade after it also said the late arrival of Thanksgiving shifted revenue from Cyber Monday into December, hurting results in its quarter ended November 30.

Apple, Google, Other Tech Giants Accused Of Child Cobalt Mining Deaths

December 18, 2019

This marked the first time that tech-industry companies have jointly faced legal action over the source of their cobalt. More than half of the world's cobalt is produced in the DRC. Worldwide demand for cobalt is rising due to the ubiquity of smartphones and the growing popularity of electric cars. A spokesperson for Glencore said: "Glencore notes the allegations contained in a USA lawsuit filed on 15th December 2019".

Zomato in talks to acquire Ubereats

December 18, 2019

An eventual deal could see Uber invest between $150m and $200m in Zomato , it was reported . The deal between these two is valued at around $400 million, one of the sources reported on Saturday. After its negotiation with Swiggy failed earlier this year, UberEats has now turned towards the other incumbent market leader - Zomato . Their daily orders numbered less than 6,00,000 and it became hard for UberEats to handle their business when two of their key executives- Bhavik Rathod ...

Jetstar to cut hundreds of flights in January ahead of strike action

December 17, 2019

The pilots' union has declared that it will not take any industrial action from December 20 to January 3 but could resume after that, with the possibility of work stoppages of up to 24 hours. Jetstar said a business case had developed to sell three of its 11 787-8s that were plying loss-making worldwide routes, with the capital to be reinvested in other parts of the Qantas Group or returned to shareholders.

China trade deal optimism pushes United States markets to record high

December 17, 2019

Banks, retailers and energy companies led the early gains Tuesday. The Nasdaq was little changed at 8,813. AP's earlier story follows below. "The rally has been driven by pro-growth measures, de-escalation of trade tensions, huge liquidity injections by central banks and a FOMO approach by investors anxious about missing out on a remarkable US market outperformance that has set one record high after the other", Mohamed El-Arian, chief economic adviser at Allianz, told Fox Business.

Half a million Whirlpool washing machines recalled in UK

December 17, 2019

About 519,000 of the machines sold in the United Kingdom between October 2014 and February 2018 could be affected by damage to the door lock system, which could lead to overheating and ignition, Sky News reported. The Office for Product Safety and Standards (OPSS) said Whirlpool had also agreed to deliver wide ranging publicity of the product recall aimed at reaching affected consumers and driving up awareness, guarantee no charges for delivery, installation or removal of machines and provide ...

Projected Australian budget surpluses slashed by nearly half

December 17, 2019

Wages growth has been downgraded from 2.75 per cent to 2.5 per cent in 2019/20, and from 3.5 per cent to 2.5 per cent in 2020/21. But while Mr Frydenberg spoke about the "resilience of the Australian economy", he was forced to slash his economic growth forecast for 2019/20 to 2.25 per cent, from 2.75 per cent.

Mexico objects to labor enforcement provision in North American trade deal

December 17, 2019

The United States and Mexico moved quickly Monday to defuse a dispute over President Donald Trump's revamped North American trade pact. Over the weekend, Mexico's top trade negotiator , Jesús Seade, complained that Mexico had been blindsided by the provision on the attaches.

Realme X2 price in India leaked ahead of December 17th Launch

December 17, 2019

It will reportedly be available for Rs 19,999 via Realme.com and Flipkart . Do let us know via the comments section below. Realme is getting into the truly wireless earbuds segment with the Buds Air. The ex-Oppo sub-brand has confirmed that the Buds Air will come in three different colours: black, yellow and a white. For ones who can't wait to pick them up, there's a "Hate-to-wait" sale at 2 PM on Flipkart today.

China suspends planned tariffs on some U.S. goods

December 17, 2019

Lighthizer called Friday the "most momentous day in trade history" because of the China deal and because the White House sent a revised U.S. -Mexico-Canada Agreement to Congress for approval votes. Sunday's announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut in half penalties that already were imposed.

China Could Retaliate Against German Automakers If Government Bans Huawei 5G

December 17, 2019

Since then, more governments have begun to question Huawei's expansion, including a movement in the leading German government to overrule German Chancellor Angela Merkel's decision not to ban Huawei's 5G network, leading to Germany's Chinese ambassador to sort-of casually threaten Germany's presence in the Chinese auto market.

Investors seek exhumation of Canadian cryptocurrency firm founder to ensure it’s him

December 17, 2019

Cotten". Indeed, growing skepticism as to whether the 30-year-old Cotten really passed away during his honeymoon in India last year has caused lawyers representing jilted QuadrigaCX customers to request that Cotten's body be exhumed , according to reports from the BBC and Bloomberg late last week.

Oil prices near three-month highs on US-China trade deal

December 16, 2019

The United States and China have agreed to the first phase of a trade deal that, once signed, would see some USA tariffs be reduced or repealed. The US-China trade deal is "remarkable" in scope but it won't solve all the problems between the world's two biggest economies, the top US negotiator said Sunday.

Asian shares rise as 'phase one' trade deal fans confidence

December 16, 2019

US stock futures also pointed to stronger gains to start the week, with the S&P 500 e-minis up 0.36%. After the USA and China announced an interim trade deal on Friday that involved cancellation of new US tariffs on China in return for Beijing agreeing to increase agricultural purchases, analysts reflected what the limited deal meant in reaching a "phase two" or broad-based trade agreement.

North Carolina man allegedly stole $88K then posted it on Instagram

December 16, 2019

The Charlotte Observer reports the indictment alleges Henderson regularly posted on social media about his newfound riches, including photos with cash in his hands or all over the floor. As per the police , Arlando Henderson is said to have stolen from the vault of Wells Fargo and then committed a separate loan fraud in connection with the purchase of a luxury Mercedes Benz.

UK Preliminary Manufacturing PMI unexpectedly drops to 47.4, Cable hits session lows

December 16, 2019

The pound dipped against both the euro ( GBPEUR=X ) and the dollar ( GBPUSD=X ) after the data was published. The US flash manufacturing purchasing managers' index fell to 52.5 in December, down slightly from 52.6 in November, according to IHS Markit .

Asian shares up as 'phase one' trade deal boosts confidence：The Asahi Shimbun

December 16, 2019

China's Shanghai Composite Index (SHCOMP) briefly misplaced 0.3%; however, it later erased the losses and was last trading flat, however, in positive territory. Trade-sensitive currencies such as the Australian and New Zealand dollars drifted lower on Monday as relief following last week's U.S./China trade agreement gave way to frustration over a lack of details and a reluctance to make big bets as Christmas draws near.

AudioCodes (NASDAQ:AUDC) Sets New 1-Year High at $25.20

December 16, 2019

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Enstar Group by 311.4% in the 3rd quarter. The Justice Department has been pursuing Live Nation for allegedly pressuring concert halls to use Ticketmaster , the Journal reported , citing people familiar with the matter.

Lawyers for Quadriga customers ask to exhume founder Gerald Cotten's body

December 16, 2019

Cotten , 30, was the only person who had passwords to the digital wallets containing about $163 million (£122 million) in cryptocurrencies . Cotten, who ran the exchange from his home outside of Halifax, died suddenly in December 2018 while travelling in India.

California sheriff deputies were refused service at Starbucks

December 15, 2019

The uniformed deputies went into the unidentified Starbucks location about 11 p.m. Thursday and were ignored by workers for at least five minutes, according to the Riverside County Sheriff's Department. Starbucks apologized and suspended a barista pending an investigation. "This language is offensive to all law enforcement and is not representative of the deep appreciation we have for police officers who work tirelessly to keep our communities safe", the company said in a statement ...

Oil Rises to Three-Month High After Trump Approves Trade Deal

December 15, 2019

The contract, which traded as much as 1.6% higher on Thursday, is up 0.5% so far this week. Oil rose to its highest level in almost three months as investors cheered the progress in resolving the U.S. Oil prices will likely remain volatile as this is only a partial deal and there will need to be more negotiations for a comprehensive agreement, said Kim Kwangrae, a commodities analyst at Samsung Futures Inc.in Seoul.

Top News:passengers forced to evacuate plane on emergency slides

December 15, 2019

Qantas has thanked passengers for their cooperation after they were evacuated via slides in Sydney when haze filled the cabin of their Airbus A330 after it was forced to turn back due to a hydraulic fluid leak. The captain ordered an evacuation of the aircraft and passengers exited by emergency slides and the aerobridge into the terminal, Qantas said. The Qantas spokesperson confirmed to Yahoo News Australia engineers were inspecting the aircraft and more information would be available ...

China, Trump Confirm Phase 1 Trade Deal, Avoiding $160B In New Tariffs

December 15, 2019

The comments were China's first response to a deal signed off by Trump on Thursday that would halt higher tariffs planned for December 15 and represent the first phase in defusing the trade war that's shaken the global economy. The most China ever purchased from US producers was $29 billion in 2013. China was a top 5 buyer of United States corn from 2011 to 2014 but has not been a major buyer since.

Porsche Taycan Turbo gets woefully low EPA mile range

December 15, 2019

That, Roadshow readers, gives Tesla faithful new ammunition in the battle between newcomer Taycan and the Model S, whose EPA figures are much more favorable. The result was an average range of 275 miles, or 443 kilometres. Range estimates for city driving were closer, landing at 288 miles. The Turbo and Turbo S models will be the first Taycans for sale, with the first deliveries scheduled for later this year in the United States.

'Beverly Hillbillies' Mansion Sold to Rupert Murdoch's Son Lachlan for $150 Million

December 15, 2019

News Corp. Co-Chairman Lachlan Murdoch was identified as the buyer, who will be paying an annual property tax bill of $1.3 million. Priced as high as US$ 350 million as a pocket listing, the estate centres on a 1930s French neoclassical-style chateau of 25,000 square feet that sits on 10 acres.

Angry Anti-Johnson Protesters Clash with Police in London

December 14, 2019

The Prime Minister went on to plead with Remainers to "find closure" with Brexit in a hope to unite the UK. "On behalf of the Government and the people of the Republic of Zimbabwe I extend my heartfelt congratulations to you, Right Honourable Prime Minister, on your very emphatic re-election as the Prime Minister of the United Kingdom of Great Britain and Northern Ireland ".

Qantas Selects A350 For Project Sunrise

December 14, 2019

There will be three flights in all and the last one, between Sydney and NY, will take off on December 17th. Qantas conducted test flights from NY and London this fall to collect data. Two years ago, the airline announced a competition between the two aircraft manufacturers to develop an aircraft that extends the reach of the current jets to the limit and nonstop between Sydney and London flies.

Germany's Delivery Hero acquires South Korea's Woowa for US$4b

December 14, 2019

Woowa Brothers said the companies will also create a joint venture in Singapore to tap into the booming food delivery market in Asia and compete with Grab, UberEats and Gojek. Woowa Brothers said it is the biggest M&A deal struck by Korean platform firms and the deal would allow it to enjoy the same effect as going public on the Frankfurt Stock Exchange as DH is listed on the market.

Facebook Messenger Merger May Face Opposition From The US FTC

December 14, 2019

According to the publication, a majority of the five-member Federal Trade Commission ( FTC ) would have to approve seeking an injunction, and the agency would have to file it in federal court. This refers to the manner in which the company's digital platforms interact. Officials are also concerned that Facebook's plans to further integrate its platforms - WhatsApp, Instagram, and Messenger - could make it harder for the federal agency to eventually split up the company in an antitrust case.

Tesla will release in Germany 500 thousand electric vehicles per year

December 14, 2019

The vehicle in the photo was confirmed to be Elon Musk's very first auto, a 1978 BMW 320i, for which he paid $1,400 in 1994 shortly before he enrolled at Stanford University to begin his doctoral study in applied physics and material sciences, CNBC reported in 2017.

United Kingdom regulator concerned over Amazon/Deliveroo tie-up

December 14, 2019

The threat stunned analysts, who had expected the tie-up to be waved through because Amazon is only seeking a minority stake in Deliveroo . It is part of a pattern of much more aggressive behaviour by the watchdog under new chairman Lord Tyrie.

Europe's new central banker aims to put her stamp on the job

December 14, 2019

The ECB Governing Council reiterated that it expects the rates to remain at their present or lower levels until it has seen the inflation outlook robustly converge to a level sufficiently close to, but below, two percent within its projection horizon, and such convergence has been consistently reflected in underlying inflation dynamics.

EUR/USD remains confined in a range, moves little post-US retail sales

December 13, 2019

November's sales gains were meagre despite reports from retailers of brisk Black Friday business. "Any signs the consumer is waning could have sizably negative consequences for growth at year-end and into next year". Even accounting for the Thanksgiving-related distortions, retail sales have slowed considerably after rising by an average of 0.7 per cent per month in the first eight months of this year.

US and China near deal that would suspend planned tariffs

December 13, 2019

The Washington Post reported that Trump had signed off on a swap of tariff reductions in return for China spending $50 billion on U.S. farm goods, tightening its intellectual property protections and opening its financial services markets.

Saudi Aramco Stock Witnesses 10% Jump, Crosses 2 Trillion Dollar Market Value

December 13, 2019

Analysts at Sanford C. Bernstein & Co. said after the first trading day it's already time to cash out. The valuation milestone, which defies widespread skepticism from investors , was coveted by Crown Prince Mohammed bin Salman ever since he first floated the idea of listing the world's biggest oil firm four years ago.

Mike Gordon, Liverpool's managing owner, on plane that skidded off runway

December 13, 2019

Deeside resident Eric, who is waiting to fly out to Holland said a plane overshot to runway just after 6am. Flights arriving from Salzburg, where Liverpool played on Tuesday night, the Isle of Man and Dublin were diverted to Manchester on Wednesday morning, while the Belfast and Amsterdam planes were canceled.

Cisco unveils new hardware for what it calls 'Internet of the future'

December 13, 2019

Meanwhile, Cisco also said that Silicon One will be integrated into its new 8000-series carrier-class routers, designed for web-scale companies and service providers that operate networks for 5G, AI and Internet of things applications. The routers are optimized for 400 Gbps and higher, starting at 10.8 Tbps in a single rack unit, and run the latest edition of the Cisco IOS XR7 networking operating system software, created to simplify operations and lower operational costs, the company said.

Boris Johnson Re-Elected as British Prime Minister, With Brexit in the Balance

December 13, 2019

The pound jumped by about two per cent against the dollar on the projected results of what all sides had painted as the most momentous election in Britain in a generation. "A lot of government is going to get bogged down in Brexit ... but the political question is whether that takes place on the front page of the newspapers or on page ten", he told Al Jazeera.

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