Economy

Ripple To Launch Payment Service, XRP Price Surges By 74% Since Announcement

Ripple To Launch Payment Service, XRP Price Surges By 74% Since Announcement Ripple is built upon a distributed open source internet protocol, and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes.[3][4] Released in 2012, Ripple purports to enable "secure, instantly and almost free global financial transactions of any size". [Full Article...]

Michelle Guthrie Fired From Australian Broadcasting Corporation

Michelle Guthrie Fired From Australian Broadcasting Corporation Guthrie's CV includes senior roles at News International and Google , a combination of old and new media that was seen as positioning the ABC to continue its digital evolution. The ABC board has commenced a formal search, both internally and externally, for Ms Guthrie's replacement. "By law, Managing Directors are selected by the ABC Board independently of the Government and Opposition of... [Full Article...]

Needle-in-Strawberry Scare Spreads Across Australia

Needle-in-Strawberry Scare Spreads Across Australia The phenomenon - which has turned many Australians off buying strawberries and thrown Australia's fruit industry into chaos - appears to have worsened over the past week . Buyers also reported a sharp metal objects in bananas and apples. One man in the state of Western Australia and a girl in South Australia reported finding needles in their strawberries in the past two days , according to... [Full Article...]

Iran Minister Describes as Ruinous OPEC Agreement

Iran Minister Describes as Ruinous OPEC Agreement After 29% annual growth in 2017, net oil export revenues of OPEC members are expected to rise again by 30% to $736 billion in 2018, the US Energy Information Administration (EIA) estimated. Pressure on Iran has intensified since U.S. President Donald Trump pulled out of the diplomatic accord that Barack Obama negotiated to curtail Tehran's nuclear program. [Full Article...]

What do shoppers think of the new Jack's brand launched by Tesco?

What do shoppers think of the new Jack's brand launched by Tesco? It comes after the UK's so-called Big Four supermarkets - Tesco, Asda , Sainsbury's and Morrisons - have taken a hammering at the hands of Lidl and Aldi . The tie-up between Tesco's two nearest competitors, which regulators said would be scrutinised in depth, is also driven by the rise of the discounters. [Full Article...]

Millions more bank customers hit by online account misery

Millions more bank customers hit by online account misery The mobile app is working as normal, the bank said. The banking giant was inundated with hundreds of complaints from angry customers on social media as people found they were unable to access their accounts. A Barclays spokeswoman told the BBC: "Our priority yesterday was to get services back online for customers". The problems have prompted Nicky Morgan, chair of the Treasury Committee, t... [Full Article...]

Tesla Model 3 gets 5-star rating from US safety agency

Tesla Model 3 gets 5-star rating from US safety agency Of course, the achievement is not entirely new to the firm. Consumer Reports initially denied the Model 3 its coveted "Recommended" rating due to the vehicle's variance in braking distances, which Tesla promptly addressed through an over-the-air software update. [Full Article...]

Tesco's new discount chain Jack's takes on Aldi and Lidl

Tesco's new discount chain Jack's takes on Aldi and Lidl The first two Jack's stores will open to shoppers on Thursday, with another 10-15 following in 2019 as Tesco seeks to compete better with the German upstarts whose limited-range stores have won over increasing numbers of British shoppers since the economic crisis hit in 2008. [Full Article...]

Oil gains 1 pct on signs OPEC not prepared to boost output

Oil gains 1 pct on signs OPEC not prepared to boost output Crushing U.S. oil sanctions on Iran will resume in early November and already, American allies in Asia are cutting back on their purchases of Iranian crude. Oil prices were little changed on Monday as the market weighed deepening trade tension between the US and China that is expected to dent global crude demand and potential supply tightening due to Iran sanctions. [Full Article...]

Jet Airways flight returns to Mumbai as passengers suffer nose, ear bleeds

Jet Airways flight returns to Mumbai as passengers suffer nose, ear bleeds Darshak Hathi also wrote, 'The flight landed at Mumbai airport after an hour & we were told that we will be shifted to a different flight. Yes, several passengers were fell sick due in mid-air. "Oxygen masks came out but no one gave us warning or instructions". 31-year-old Melissa Texeira, who represents a USA university, was headed to Jaipur to attend an education fair for students. [Full Article...]

Amazon reportedly plans to open 3,000 cashier-less stores by 2021

Amazon reportedly plans to open 3,000 cashier-less stores by 2021 Spencer Soper of Bloomberg first reported the news that will likely disrupt the industry of quick food stores like 7-Eleven, Subway, and Panera Bread. What's more, Amazon has grown its advertising business 242 percent since 2017, eMarketer said. But it has pushed back on past reports that executives had given the green light to a major expansion of Go. [Full Article...]

Amazon launches small business shop

Amazon launches small business shop Customers are now able to browse through the Storefront's 25 categories including pet supplies, electronics, and books. The online retailer launched a new section of its site Monday called Amazon Storefronts , which only lists products sold by small- and medium-sized businesses in the U.S. [Full Article...]

Audi presents electric SUV e-tron in San Francisco

Audi presents electric SUV e-tron in San Francisco From navigation with the e-tron route planner, which displays the appropriate route with the required charging points, automated billing at the charging station and all the way to remote control via smartphone - the Audi e-tron is extremely well connected. [Full Article...]

China's Ma reverses US job plan due to trade war

One million jobs would be close to 1% of all jobs in the U.S. - meaning that successfully delivering would make Alibaba one of the country's largest private employers. He also acknowledged that the ongoing trade war with China's largest trade partner is hurting Alibaba's business, according to CNNMoney . "If China and the United States maintain good economic and trade relations, there will be ... [Full Article...]

Oops! Cathay Pacific in spelling blunder?

Oops! Cathay Pacific in spelling blunder? She's going back to the shop!" a company social media staffer joked on Twitter. "I guess the "F" isn't working on someone's keyboard..." one person wrote, while another said, "Leave it as-is and put a red squiggle underneath". An engineer for Haeco, a Cathay Pacific subsidiary, told the South China Morning Post: "The spacing is too on-point for a mishap". But if it is a genuine error many ... [Full Article...]

Coca-Cola denies plans to make marijuana-infused drinks

Coca-Cola denies plans to make marijuana-infused drinks Cannabidiol is a non-psychoactive ingredient in marijuana that treats pain but does not get one high. "Along with many others in the beverage industry, we are closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages around the world", Coke said in its statement on Monday. [Full Article...]

Donald Trump gets first-hand look at Hurricane Florence damage

Donald Trump gets first-hand look at Hurricane Florence damage Kenny Babb retrieves a paddle that floated away on his flooded property as the Little River continues to rise in the aftermath of Hurricane Florence in Linden, N.C. Forecasters grew increasingly anxious about New Bern being flooded by storm surge on the Neuse River the closer Florence got to the coast, and their fears proved to be well-founded: a 10-foot (3-meter) surge was reported in the city,... [Full Article...]

US McDonald's staff walk out over sexual harassment

US McDonald's staff walk out over sexual harassment McDonald's did not specifically address its use of Seyfarth Shaw, but said in its own emailed statement that the company has "strong policies, procedures and training in place specifically created to prevent sexual harassment". That legal effort was organized by Fight for $15 and the Time's Up Legal Defense Fund. "For context, a "walk off" is when an employee clocks in for a shift and then duri... [Full Article...]

McDonald's is giving away FREE cheeseburgers tomorrow

McDonald's is giving away FREE cheeseburgers tomorrow According to a survey by Offers.com , 25 percent of consumers chose Five Guys as their favorite cheeseburger, 21 percent of consumers chose Wendy's and 20 percent McDonald's . They're giving away a free cheese slider with any purchase. Also, for a limited time, get a Carhop Classic , which is the choice of the Quarter Pound Double Cheeseburger or the Classic Signature Slinger, served with m... [Full Article...]

China hits back by levying tariffs on $60 billion of US goods

China hits back by levying tariffs on $60 billion of US goods US President Donald Trump has announced he will impose 10 per cent tariffs on $US200 billion worth of Chinese imports. On the contrary, Trump has picked fights with each of those trading partners - from imposing tariffs on imported steel and aluminum to demanding that Mexico and China transform the North American Free Trade Agreement into a deal more favorable to the United States. [Full Article...]


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