Economy

Ten-term male Democrat falls to progressive black woman in MA primary

Ten-term male Democrat falls to progressive black woman in MA primary Pressley does not identify as a Democratic Socialist, and she was a congressional aide for 16 years, first to Representative Joe P. Kennedy II and then to Senator John Kerry, before becoming the first first African-American woman elected to the Boston City Council. [Full Article...]

Amazon joins Apple in the trillion-dollar club

Amazon joins Apple in the trillion-dollar club The president frequently attacks Amazon founder and CEO Jeff Bezos, who also owns the Washington Post , and links the online retailer to the newspaper's White House coverage. Amazon is the second corporation to exceed $ 1 trillion in value after Apple, which crossed the threshold on August 2 . Most notable was the speed with which Amazon hit the milestone, with its shares having more than... [Full Article...]

Amazon is 2nd US company to reach $1-trillion market value

Amazon is 2nd US company to reach $1-trillion market value As soon as one company has reached that $1 trillion mark, you know it won't be long until another follows in suit - only weeks after it happened for Apple, Amazon has joined the ranks in the "trillion-dollar club". Amazon crossed the $2,000 threshold for the first time on August 30 after doubling its price in just 10 months. Amazon also operates the world's largest cloud-computing platform, Amaz... [Full Article...]

No full petrol price increase for South Africa this month - Government intervention

No full petrol price increase for South Africa this month - Government intervention The only increase that will be factored into the price for September is a retail margin increase of 4.9c per litre, to be placed on the retail price on 5 September 2018. In Mumbai and Chennai, however, diesel prices went up by 42 paise a litre on Monday, with the fuel priced at Rs 75.54 in Mumbai, and Rs 75.19 in Chennai. [Full Article...]

California Streamin': State Gets Tough on Net Neutrality

California Streamin': State Gets Tough on Net Neutrality California lawmakers rallied enough votes Friday to pass the nation's toughest net neutrality law to prevent internet providers from favoring certain websites , setting up a fight with federal regulators who voted a year ago to erase such rules. [Full Article...]

For Tencent, Game Over?

For Tencent, Game Over? In a statement Chinese regulators said: "Parents should minimize the use of electronic products when they are with their children". The Ministry of Education is leading a plan to curtail the number of online games in the country and limit the amount of time children play games. [Full Article...]

British Prime Minister May in Kenya to boost economic ties

British Prime Minister May in Kenya to boost economic ties Prime Minister May had arrived Nigeria on Wednesday after visiting South Africa on Tuesday as part of her tour of some African countries, which was described as "Africa Trade Mission". "There is something called reciprocity and we want Britain to play fair", said Ngore, a former Ntunene ward MCA. She said that from previous discussions with Ramaphosa, she is convinced it will not be a "smash an... [Full Article...]

Tom Lee: Ether futures will hurt Ether and boost Bitcoin

If this is true, it could mean a lot for Ethereum . CBOE , the Chicago exchange that pioneered the listing of bitcoin futures in the USA, has quietly begun telling market makers that it is close to launching a new cryptocurrency product: ethereum futures . [Full Article...]

Google’s secret deal with Mastercard tracks offline spending, report says

Google’s secret deal with Mastercard tracks offline spending, report says However, the deal has raised concerns over how much consumer information Google has access to, and the lack of transparency and consumer information provided regarding the partnership. Although Google has not commented on the partnership with Mastercard, it has commented on the tool used to share the data to help calm fears about privacy. [Full Article...]

Barnier increases pressure on United Kingdom over Brexit backstop

Barnier increases pressure on United Kingdom over Brexit backstop Brussels wants to show that the flow of goods from the rest of the United Kingdom into Northern Ireland is minimal, and that most of it comes via the Republic of Ireland . After weeks of warning of growing risk of a damaging no-deal Brexit and signalling delay was expected if there is to be any Brexit deal, the EU's strategy is now to highlight how close cooperation with Britain is possible a... [Full Article...]

Santa Monica Picks Bird, Lyft, Lime, JUMP For Electric Scooter Program

Santa Monica Picks Bird, Lyft, Lime, JUMP For Electric Scooter Program Neither has the company secured a business license to operate in the city. It's a model similar to approaches the agency has taken in the past, including using pilots and short-term permits to better understand the needs and impacts of new services such as dockless bike sharing, on-street vehicle sharing and electric moped sharing . [Full Article...]

India`s economy grows at robust 8.2 percent in June quarter

India`s economy grows at robust 8.2 percent in June quarter In the same quarter last year, India's growth languished at 5.6 per cent - far too slow to generate jobs for the mass of young people joining the labour market each year. "We predicted that the growth would be in the range of 7.7 to 7.5 per cent annually". As a result, the rupee , in a short span of time, travelled from the mid-68 levels to 71 a dollar. [Full Article...]

Argentina Central Bank hikes interest rate to 60 percent

Argentina Central Bank hikes interest rate to 60 percent Instead, Macri's admission that there was a "lack of confidence in the markets" about Argentina's ability to finance its deficit next year sowed panic among investors. "The market is saying: 'Just the fact that you are engaging in this conversation makes me very, very nervous, '" Daniel Osorio, president of New York-based consultancy Andean Capital Advisors, said in a telephone interview. [Full Article...]

Warren Buffett's Berkshire Hathaway Takes Stake in Paytm

Warren Buffett's Berkshire Hathaway Takes Stake in Paytm Buffett also said investors are better off owning a basket of stocks than long-term bonds as a strong US economy bolsters corporate profits, despite higher costs from tariffs . "We'd like to be in a hurry but we're not going to try and do something faster than it can be done", he said. Markets: Stock markets continue to hit records, but Buffett said he prefers equities over fixed income and r... [Full Article...]

WTO chief says "no panic" over Trump withdrawal threat

WTO chief says The WTO deals with trade disputes between its 164 member countries. However, Trump, who has been pushing protectionist policies, says the U.S. is treated unfairly by the body, the BBC reported. In the previous year, we're starting to win a lot. President Donald Trump has said the Russian Federation collusion investigation headed by Special Counsel Robert Mueller is "illegal" as the probe c... [Full Article...]

ETH Futures: Bad for Ethereum, Good for Bitcoin, Says Tom Lee

ETH Futures: Bad for Ethereum, Good for Bitcoin, Says Tom Lee Commodity Futures Trading Commission ( CFTC ) to launch Ethereum (ETH) futures before the end of the year report Business Insider . After Bitcoin BTC futures market was launched, the digital currency started a bearish trend from which it hasn't been able to recover. [Full Article...]

Donald Trump Cancels Pay Raises For Federal Employees

Donald Trump Cancels Pay Raises For Federal Employees Under federal law, federal employees get cost-of-living raises every new year - in addition to specific increases in high-cost cities called "locality pay" - unless the president determines those raises would be "inappropriate". Trump said both increases should no longer happen. While Trump has yet to propose reducing spending on big-ticket items such as defense or entitlements, he is trying t... [Full Article...]

Citing Trump tariffs, Ford cancels China-built Focus Active crossover for US

However, Automotive News reported that even if the Trump administration drops the tariffs, Ford will not reconsider its decision. Daimler AG cut its profit outlook for this year in June, citing in part an expectation that Chinese customers would buy fewer Alabama-built sport utility vehicles as a result of Beijing's retaliatory tariffs on US auto imports. [Full Article...]

Indian Rupee slumps to record low of 71 per dollar

Indian Rupee slumps to record low of 71 per dollar India's currency, the rupee , hit a new record low against the US dollar on Thursday on the back of rising oil prices, end-month demand for dollars, and concerns about the health of the emerging markets after the Turkey crisis. "Rupee needs more support from RBI or some big global positive news". The falling rupee is creating pressure on importers and oil companies. Argentina, Indonesia most ... [Full Article...]

LEGO builds life-size, drivable Bugatti Chiron. Watch it go!

LEGO builds life-size, drivable Bugatti Chiron. Watch it go! It utilizes 339 different types of Lego Technic elements including 4,032 gear wheels and 2,304 Lego Power Functions motors. With a top speed of 20 kilometres per hour it won't be winning any races just yet. The Lego Chiron was composed of over one million Lego Technic elements. It's not anywhere near as fast as a real Chiron, of course - the Lego car's top speed is 20kph - bu... [Full Article...]


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