Economy

Economy Goldman: US-Iran Standoff Is A Long-Term Threat To Oil Supply
Author: 0 Goldman: US-Iran Standoff Is A Long-Term Threat To Oil Supply

USA light, sweet crude was 25 cents higher at $52.12. Brent crude climbed 1.2 percent to $57.88 per barrel. Despite some profit taking on Tuesday, Brent crude futures, the worldwide benchmark for oil prices, were still at $57.79 at 0148 GMT, 2.5 percent higher than last Friday's settlement - and nearly a third above mid-year levels.

Economy Small fortune: Trump plummets 92 places in Forbes' American rich list
Author: 0 Small fortune: Trump plummets 92 places in Forbes' American rich list

Still, Trump's wealth estimation on Forbes' list was higher than for Bloomberg's worldwide billionaires list , which estimated his worth at $2.86 billion. "It's why Trump, more than any of the 1,600 or so people who've been on The Forbes 400 , has spent more time lobbying and cajoling Forbes to get a higher valuation-and validation", the October 10 article, written by Forbes staffer Randall Lane, reads.

Economy Classes cancelled as college instructors hit the picket lines
Author: 0 Classes cancelled as college instructors hit the picket lines

Hornick, chair of the union bargaining team, in a news release. "The colleges can not accept the union's demands that would ultimately add more than $250 million to annual costs, eliminate thousands of contract faculty jobs, and jeopardize the quality of college programs", he said.

Economy In a turnaround, Wells Fargo Advisors sees slight bump in headcount
Author: 0 In a turnaround, Wells Fargo Advisors sees slight bump in headcount

Sloan told analysts that while the scandal meant lower growth in consumer banking categories, the bank is "moving forward" in wholesale banking and wealth management, divisions with flat or slightly higher profits in the third quarter. Empire Company Limited is engaged in the business of food retailing and related real estate. Zurcher Kantonalbank (Zurich Cantonalbank) holds 35,000 shares or 0.02% of its portfolio.

Economy Sabarimala temple: SC to pronounce order on ban on women's entry
Author: 0 Sabarimala temple: SC to pronounce order on ban on women's entry

The Supreme Court today referred to a constitution bench the contentious issue relating to the ban on entry of women between 10 to 50 years of age in Keralas historic Sabarimala Temple. Mr Prayar welcomed the SC decision to leave the issue before the Constitutional bench of the SC. The earlier UDF government's affidavit before the Supreme Court had supported the temple's tradition that the deity's form is that of a Naisthak Bramhachari who observes celibacy and therefore, young women ...

Economy Southwest Airlines Announces Plans to Launch Service to Hawaii
Author: 0 Southwest Airlines Announces Plans to Launch Service to Hawaii

The Dallas-based airline made the announcement Wednesday in a joint address by Southwest President Tom Nealon and Hawaii Gov. David Ige to thousands of employees at a company party. Southwest is known for its competitive fares and customer service. The airline stated that they have been studying pricing on Hawaii routes for a while and believe they will be able to charge less than others.

Economy Kwon bids adieu to Samsung Electronics Empire, says time for young leadership
Author: 0 Kwon bids adieu to Samsung Electronics Empire, says time for young leadership

His decision to resign comes at a time when the company tries to clean up its reputation amidst bribery case. In an emotional letter sent to all employees, Kwon said that while announcing his retirement was the most hard thing for him to do, he believed it was the right time and in the best interest of the company, amid continuing controversy around Samsung vice-chairman Lee Jae-yong, arrested on charges of bribery .

Economy Preckwinkle's sweetened beverage tax repealed
Author: 0 Preckwinkle's sweetened beverage tax repealed

Cook County, which includes Chicago , became the largest jurisdiction in the U.S.to enact the tax on sugary and artificially sweetened beverages when the board approved it in November with Board President Toni Preckwinkle as the deciding vote.

Economy Fires roar across Napa, Sonoma, emergency declared
Author: 0 Fires roar across Napa, Sonoma, emergency declared

Officials were working to manage more than a dozen fires burning 100 or more acres Monday, with evacuations in place near several, including a 20,000-acre fire burning between Santa Rosa and Calistoga. "Our neighbor called and told us the sheriff had come - we had to evacuate now", he said . There will be no regularly scheduled Santa Rosa CityBus service Monday as a result of the wildfires in the North Bay, Santa Rosa fire officials said .

Economy Goalkeeper Joe Hart Dismisses Criticism After Latest England Show
Author: 0 Goalkeeper Joe Hart Dismisses Criticism After Latest England Show

Any optimism that England may cause a surprise in Russian Federation was dampened by yet another now predictable plodding performance against a team ranked 55th in the world. England's performance on Thursday was disjointed, lacklustre and lacked any semblance of creativity - and that's being kind. No one can doubt England's consistency in qualifying for finals.

Economy Students send relief supplies to Puerto Rico
Author: 0 Students send relief supplies to Puerto Rico

It also took the step of creating its Hurricane Recovery Task Force that will work on restoring services to the islands. As Puerto Rico and its people continue to reel from the devastating effects of Hurricane Maria , two of the world's biggest tech companies have outlined plans for bringing power back to the Caribbean island and United States territory.

Economy Elon Musk Offers to Rebuild Puerto Rico's Hurricane-Devastated Electric Grid
Author: 0 Elon Musk Offers to Rebuild Puerto Rico's Hurricane-Devastated Electric Grid

Tesla is considering rebuilding Puerto Rico's storm-damaged power grid with its battery storage and solar energy equipment. The idea could come to fruition. Ta'u's population is only a few hundred, and the entire project cost about $8 million. Tesla promised to build the South Australia facility in 100 days or else waive its fee, and that build-out so far appears to be going well.

Economy U.S. economy shed jobs in August amid hurricanes
Author: 0 U.S. economy shed jobs in August amid hurricanes

And, since jobs data is collected during the week that contains the 12th of the month, September figures captured the tail end of Hurricane Irma as well as the extended impacts of Harvey . The total nonfarm employment drop of 33,000 comes from BLS's Establishment Survey (which only includes employees paid during the survey period, which ended September 12).

Economy Solar power is the fastest growing source of global energy
Author: 0 Solar power is the fastest growing source of global energy

By 2022 the share of renewables in power generation is expected to increase to 30% from 24% in 2016. "In 2016, renewable generation was 34% less than coal but by 2022 this gap will be halved to just 17%", IEA said. China's solar dominance is only going to keep growing, according to the IEA report. China represents half of global solar PV demand, while Chinese companies account for around 60% of total annual solar cell manufacturing capacity globally.

Economy Tesco on track for 'turnaround' as sales and profits rise
Author: 0 Tesco on track for 'turnaround' as sales and profits rise

Investment commentators welcomed Tesco's announcement this morning that it is reinstating its dividend three years after an accounting scandal plagued the supermarket giant. According to analysts, Tesco [ IRDX RTSC ] is ahead of the game in the United Kingdom with apps and the work it has done on mobile is likely to see it continue to perform well and bring the fight to other grocery retailers.

Economy Canadian manufacturing growth improves in September
Author: 0 Canadian manufacturing growth improves in September

The index indicated strong growth in the sector's output - any figure above 50 denotes growth - but was shy of expectations of 56.4, and well down on last month's 56.9. "This will depend on factors such as actual fulfilment and value of orders, as well as cost pressures faced by businesses". Growth of new export business remained among the best over the past six years, with increased sales to Europe, the USA, China and Brazil.

Economy Brexit is our core task says new Ukip leader Henry Bolton
Author: 0 Brexit is our core task says new Ukip leader Henry Bolton

Mr Bolton had been considered a rank outsider to replace Paul Nuttall in the UKIP hot seat. Crucially, he appeared to have Nigel Farage's support. Ukip was left without its frontman, or the reason for its existence. There were a total of 12,915 votes cast in the leadership election, compared with the more than 300,000 secured by Jeremy Corbyn when he was re-elected as Labour leader previous year.

Economy Dailies highlight controversial statements by USA ambassador to Israel — Newspapers Review
Author: 0 Dailies highlight controversial statements by USA ambassador to Israel — Newspapers Review

Speaking to the Israeli website, he said: "I think the settlements are part of Israel ". Friedman's statements come as the Trump administration has been looking to restart negotiations between the Israelis and Palestinians. UN Resolution 242, adopted in the aftermath of the Six-Day War, called for Israel to withdraw from the territories it occupied in 1967 in exchange for security guarantees with Arab neighbors.

Economy Margie's Money Saver: National Coffee Day freebies
Author: 0 Margie's Money Saver: National Coffee Day freebies

National Gourmet Coffee Day is celebrated annually on January 18. Download My McCafe app for McDonald's and get a free McCafe latte or frappe. Atlas Coffee Club : Save yourself the plane ticket and instead, embark on a "world coffee tour" introducing you to prominent brews around the world.

Economy Trump Vows to Cut Taxes 'Tremendously' for Middle Class
Author: 0 Trump Vows to Cut Taxes 'Tremendously' for Middle Class

So wealthy businesspeople who might otherwise pay at least 35 percent on that income would pay 25 percent, Gleckman notes. But it's anyone's guess who will pay those rates . It also "ends the perverse incentive to keep foreign profits offshore by exempting them when they are repatriated to the United States". 'I believe we will be successful in the largest tax cut in our country's history, ' he said .

Economy Millions Possibly Impacted by Data Breach at Fast-Food Chain Sonic
Author: 0 Millions Possibly Impacted by Data Breach at Fast-Food Chain Sonic

Sonic has over 3,500 locations in the US, including 15 in New York, according to NBC New York . On 18 September, a new batch of around five million credit and debit card accounts were put up for sale on an underground marketplace called Joker's Stash with most of the cards priced between $25 and $50 per piece.

Economy Canada, US women to clash in Winnipeg ahead of Olympics
Author: 0 Canada, US women to clash in Winnipeg ahead of Olympics

Sept.24: With tensions over the Korean Peninsula mounting, Austria and Germany have joined France to boycott the 2018 Winter Olympics in Pyeongchang, South Korea, citing safety concerns over threats from nuclear-armed Pyongyang. Joining Cha and Park are Cha Du-ri, Cha Bum-kun's son and current national men's team assistant coach; Lee Bong-ju, the 1996 Olympic marathon silver medalist; Sean, a recording artist and an honorary ambassador for PyeongChang 2018; Jeong Jin-woon, a member of boy ...

Economy Yen Weakness to Support Japan Stocks After Yellen: Markets Wrap
Author: 0 Yen Weakness to Support Japan Stocks After Yellen: Markets Wrap

But South Korea's Kospi added 0.1 percent to 2,375.92. Spot gold fell 0.3% to $1,290.31/oz by 10.14am GMT after tumbling 1.3% in the previous session to trade near a month low of $1,287.61. "Without further modest increases in the federal funds rate over time, there is a risk that the labor market could eventually become overheated, potentially creating an inflationary problem down the road that might be hard to overcome without triggering a recession", she said.

Economy Japan to hold snap elections as North Korea crisis boosts Abe support
Author: 0 Japan to hold snap elections as North Korea crisis boosts Abe support

He said the world has tried exhaustively to reach a settlement with North Korea , starting with the US-backed 1994 Agreed Framework, which collapsed a decade later. The prime minister said the snap election was called in an attempt "to deal with the biggest challenge facing Japan, which is the population aging and low birthrate".

Economy Unilever to buy Korean cosmetics firm for US$2.7 bln
Author: 0 Unilever to buy Korean cosmetics firm for US$2.7 bln

Carver ranks as the third-largest cosmetics company in South Korea, following AmorePacific and LG Household & Healthcare. Meanwhile, both Unilever Korea and Carver Korea declined to elaborate on the deal, or how the latter will be managed in the future.

Economy Uber Apologises In London After Being Stripped Of Their Licence
Author: 0 Uber Apologises In London After Being Stripped Of Their Licence

London police investigated 32 Uber drivers for rape or sexual assault of a passenger between May 2015 and May 2016, according to Freedom of Information Act data obtained by the Sun . It also questioned the process through which drivers obtain their medical certificates and the practice of "greyballing", when the company uses a fake version of its app to fool regulators in cities in which it is banned.

Economy Target Promises To Boost Minimum Wage To $15
Author: 0 Target Promises To Boost Minimum Wage To $15

Target announced Monday it will begin boosting its minimum wage next month $1 to $11 per hour and is committing to a $15 starting wage by 2020. Target, the second-largest discount store retailer in the United States, increased the minimum wage previous year to $10 per hour to compete with No.

Economy Mobile and Sprint Agree on Tentative Terms for Merger
Author: 0 Mobile and Sprint Agree on Tentative Terms for Merger

Shares in Sprint Corp. Revenues would top $70 billion and, analysts said, there would be massive scope to cut costs. At the end of previous year, AT&T had close to 135 million subscribers and Verizon had close to 146 million. Stay tuned for more updates as Sprint and T-Mobile continue merger talks. SoftBank Founder Masayoshi Son was courting a T-Mobile acquisition three years ago, but dropped the pursuit after receiving pushback from antitrust regulators.

Economy China to provide aid for Rakhine state
Author: 0 China to provide aid for Rakhine state

She said aid workers "managed to engage the people in dialogue, communicating that we work transparently and were there for everyone in need", and were eventually left alone with the supplies. Hong Liang, Chinese ambassador to Myanmar , had a different view. South Korea also expressed "deep concerns" over the insurgency and vowed to cooperate with the global community, including Bangladesh and the Myanmar government, to solve the issue.

Economy Ryanair CEO apologises for
Author: 0 Ryanair CEO apologises for "major management failure" over flight cancellations

Another said "Pilots join Ryanair as they take people with minimal experience, once they have that experience they go to proper airlines with proper pay and conditions". Balpa says Ryanair's problems have been exacerbated by the high turnover rate of pilots. The Irish Examiner reports a draft letter signed by Ryanair pilots has warned they will "work to rule".

Economy Carney Sees Brexit Pushing up Inflation
Author: 0 Carney Sees Brexit Pushing up Inflation

Even if the BoE does hike interest rates from 0.25% to 0.50% sooner rather than later, it is highly likely that they will tread very carefully on further increases. Brexit may give us the freedom to form new trade deals, but those deals will take time to build, and Britain needs a plan for dealing with the interim period.

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