Economy

by | November 03, 2018 | 08:28

Bus service between the Xinjiang Uyghur Autonomous Region in China's west and the city of Lahore of Pakistan's Punjab province is set to be launched on November 3. The Prime Minister said Pakistan could learn from China to raise its agricultural yields and help its farmers and remove rural poverty. Unfortunately, we have inherited a very hard economic situation.

by | November 03, 2018 | 05:15

China - the leading importer of Iranian oil - is still in discussions with the USA on terms, but is among the eight countries set to receive a waiver, according to two people familiar with the discussions who also asked not to be identified.

by | October 29, 2018 | 20:50

IBM's and Red Hat's partnership has spanned 20 years, with IBM serving as an early supporter of Linux, collaborating with Red Hat to help develop and grow enterprise-grade Linux and more recently to bring enterprise Kubernetes and hybrid cloud solutions to customers.

by | October 29, 2018 | 20:05

Malindo Air, a Malaysian subsidiary of Lion Air, was the first airline to begin using the 737 Max 8 previous year. There were also other accidents involving its aircraft, include an incident in August 2013, when a Lion Air Boeing 737-800 from Makassar to Gorontalo with 117 passengers and crew on board, hit a cow while landing at Jalaluddin Airport and veered off the runway.

by | October 28, 2018 | 22:32

While U.S. economic growth kept apace despite trade wars, the same can not be said of U.S. corporate profit growth, as a slew of disappointing forecasts this earnings season showed how tariffs, rising wages and borrowing costs as well as jitters over geopolitical events are hurting companies.

by | October 28, 2018 | 20:29

The state sold around $15 million worth of tickets just for Tuesday night's drawing, with most of the revenue going to education, Cooper said. Spano tweeted out: "Congrats To The Lucky Winner!" "The victor has 180 days to come forward to claim the ticket", SC lottery officials said in a press release.

by | October 27, 2018 | 06:10

After graduating, he worked on Wall Street in New York City in a number of computer science positions. Amazon has relied on the growth of its Prime members, estimated at about 97 million in the US, who pay fees in exchange for shipping discounts, video streaming and other services.

by | October 26, 2018 | 16:33

Reyes even posted photographic evidence of the ruse by her sneaky dog sitting by a line of waiting cars at the local fast food joint. Reyes caught the dog in the act when she drove to McDonald's and photographed and filmed her taking food from drive-thru customers.

by | October 26, 2018 | 09:24

According to the statement, a joint Saudi-Turkish investigative team "indicates that the suspects in the incident had committed their act with a premeditated intention". Turkish officials especially are pushing the Saudi government to identify who ordered the killing. "Where is it?" Turkish Foreign Minister Mevlut Cavusoglu said at a news conference with his Palestinian counterpart.

by | October 24, 2018 | 09:45

Elon Musk says Boring Co.'s hyperloop test tunnel will open in December. The company will then offer free rides to the public the next day, he said, allowing passengers to travel as fast as 155 miles per hour. It's unclear how Musk will achieve the top speeds of 760 miles (1,220 kilometers) per hour he has touted for a hyperloop tunnel, and the mode of transport that will be used there.

by | October 24, 2018 | 08:54

The one-time cash option is estimated at $905 million - still nothing to sneeze at. Get in line. Delmar Baracani of Spring Valley (left to right), Eliseo Garcia of DePue and Joe Nelson of Princeton stand in line to purchase Mega Millions jackpot tickets Monday morning at the Spring Valley Mini-Market.

by | October 24, 2018 | 07:28

Saudi officials have claimed Khashoggi died accidentally during a fight at the consulate, but Turkish officials said a team of 15 men tortured, killed and dismembered Khashoggi and alleged Saudi officials planned his murder for days. Gina Haspel, the then-nominee for the CIA Director post, testifies at her confirmation hearing before the Senate Intelligence Committee on Capitol Hill in Washington, US, May 9, 2018.

by | October 22, 2018 | 19:14

The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels .

by | October 22, 2018 | 19:07

Tesla said it has used the same battery pack as the long-range version with fewer cells for the mid-range version. CEO Elon Musk recently noted that focusing on the cheaper vehicle first would cause Tesla to "die," because it's not profitable to make.

by | October 22, 2018 | 18:44

The foreign minister's attempt to put daylight between Khashoggi's murderers and Crown Prince Mohammed bin Salman is to be expected-but in no way credible. "The individuals who did this did this outside the scope of their authority", he said. Britain joined forces with France and Germany yesterday with a joint statement condemning the killing of journalists as unacceptable.

by | October 18, 2018 | 09:07

But for this spare capacity that Saudi Arabia has used to deliver extra barrels in the market, oil prices would "easily be at the three-digit range", he said . He said that all these factors along with Iran sanctions is pushing oil prices up. Meanwhile, stockpiles in the nation's storage hub of Cushing, Oklahoma , climbed by 1.5 million barrels, according to the API, which would be the fourth consecutive increase if confirmed by the Energy Information Administration's data Wednesday.

by | October 17, 2018 | 00:21

The combined Mega Millions and Powerball jackpots for drawings Tuesday and Wednesday nights total $999 million. One "Match 5" victor was reported in Arkansas, according to the site. Even though no one took home Friday's big prize, there were 2,651,183 winning tickets on the October 12 across all prize levels. Roland Reyes claimed the prize on behalf of his group, saying they made a decision to play on a whim when they saw how large the jackpot had become.

by | October 15, 2018 | 08:55

USA crude futures were trading down more than 2% at US$73.20 per barrel Wednesday morning, reflecting the declining importance of Gulf of Mexico output that has resulted from the growth of production from the nation's onshore shale fields. For 2019, non-OPEC supply is expected to rise by 2.12 million barrels a day to an average of 61.89 million barrels a day, an increase of 14,000 barrels a day compared with last month's estimate.

by | October 15, 2018 | 08:16

Crude oil prices continued to fall along with the stock market Thursday while President Donald Trump had strong words for countries that ignore US oil sanctions. "Oil bulls are bearing the brunt of another bruising session as yesterday's selling frenzy intensifies", said Stephen Brennock , analyst at London brokerage PVM Oil.

by | October 13, 2018 | 14:01

The fund shaved 0.1 percentage point from America's expected GDP this year and 0.4 percentage points from growth through 2019. Bond markets were closed, leading US indexes to a mixed finish after a day of light trading. The IMF said, "The growth forecast for 2018 is 0.3 percentage point lower than the April 2018 WEO forecast". The IMF only published country forecasts through 2019.

by | October 13, 2018 | 12:01

Singapore Airlines will launch, 11 October, the world's longest non-stop passenger flight. But because carrying a massive amount of fuel adds weight, thus requiring even more fuel, the Airbus 350-900 has been designed for a lighter passenger load - with 67 seats in business class and 94 in economy.

by | October 12, 2018 | 13:24

Blair, a prominent voice opposed to Brexit , resigned as prime minister in 2008. EU chief negotiator Michel Barnier said Wednesday (10 October) that the withdrawal agreement between the EU and United Kingdom is "within reach" if London agrees to keep either Northern Ireland or the entire United Kingdom in the bloc's customs union before a separate deal on future relations is reached.

by | October 05, 2018 | 15:27

Adding to the bullish mood, Federal Reserve chairman Jerome Powell said on Wednesday that the central bank may raise interest rates above an estimated "neutral" setting as the "remarkably positive" U.S. Higher prices have swollen India's current account deficit, which last stood at around 2.4 per cent of GDP, in the April-June quarter. Mr Gandhi took aim at Prime Minister Narendra Modi yesterday, accusing him of remaining silent over the rupee crisis.

by | October 04, 2018 | 19:17

He also asked state governments to follow suit by cutting a sales tax or VAT by a similar amount. In another tweet, Fadnavis announced that the state government will heed the government's request and cut the price of petrol by Rs 2.5 per litre, bringing the total benefit for end consumers to Rs 5 per litre in the state.

by | October 03, 2018 | 18:13

Case in point: Russian Federation, whose deputy energy minister, Pavel Sorokin , said on Monday that production of hard-to-recover oil is expected to rise by 10 percent to 860,000 bpd this year, and that "Many of our companies have advanced in this direction".

by | October 02, 2018 | 21:58

The billionaire entrepreneur was fined $20m (£15m) and agreed to step down as chairman of the electric car-maker as part of the deal with the US Securities and Exchange Commission (SEC). The extraordinary support for Musk and the Tesla brand is underlined by the company's huge valuation - which is very much a bet on the future - and the extraordinary reports this past week or so o Tesla enthusiasts volunteering to help Tesla make the deliveries needed to reach its targets.

by | October 01, 2018 | 22:55

Of course, as with all things Tesla , all that performance is on top of industry-leading aesthetics and a tech-filled package. Tesla shares took a steep dive last Friday, plunging 13.90% amidst news of the SEC's lawsuit against the outspoken CEO .

by | October 01, 2018 | 19:41

Analysts were relieved on Monday at the terms of Tesla chief Elon Musk's settlement with the SEC reached over the weekend, but some remain concerned over longer-term challenges the automaker faces. The tweets had no basis in fact, and the ensuring market chaos hurt investors, the SEC said. The settlement also requires Tesla appointing two new independent directors, and Tesla setting up a "new committee of independent directors and put in place additional controls and procedures ...

by | September 29, 2018 | 00:46

Given shares are down ~12% in after-market trading, consensus appears to be that Elon will be removed as CEO and chairman and may be removed from the company entirely. However, according to the WSJ , Musk's lawyers backed out of a settlement with the SEC prior to the filing the complaint . The SEC alleges he did not have the funding secured.

by | September 29, 2018 | 00:28

The hackers were able to steal access tokens , which allowed them to take over affected users' accounts. An access token keeps you logged into Facebook so you don't need to enter your password each time you visit the site or app. News of the security breach comes at a particularly vulnerable time for Facebook , which is now facing government investigation and regulation over its role in the Cambridge Analytica scandal .