Washington Post accuses Trump of 'diplomatic cleanup' over Khashoggi

18 Oct, 2018

As he returned to the USA from Turkey , Pompeo said President Erdogan "made clear that the Saudis had cooperated with the investigation that the Turks are engaged in and they are going to share information". After his meetings with the King and Crown Prince on Tuesday, Pompeo said Saudi Arabia has committed to conducting a full investigation. According to a Tuesday Wall Street Journal report , Turkish officials have evidence, including tapes, that captured disturbing details of ...

Bangladesh hopes Saudi-Turkey joint probe will remove Khashoggi ‘speculations’

18 Oct, 2018

Pompeo will hold talks in Turkey on Wednesday, the Turkish foreign ministry said , after his visit to Riyadh. "We remain very troubled by the disappearance of prominent Saudi journalist Jamal Khashoggi ". The website of Ataturk International Airport showed a flight of flag-carrier Saudia took off for Riyadh at 1400 GMT. In another tape, an unknown person tells Otaibi: "If you want to live when you come to Saudi Arabia, be quiet!" Pompeo said Trump had called Saudi Crown Prince ...

Khashoggi disappearance: US Secretary of State Mike Pompeo heads to in Riyadh

16 Oct, 2018

A Turkish forensic cop works in Saudi Arabia's consulate in Istanbul during the investigation over missing Saudi journalist Jamal Khashoggi . Reports in the USA media suggest that Saudi officials are set to admit that Mr Khashoggi was killed during an interrogation that went wrong, but neither King Salman, or his son and power behind the throne, Crown Prince Mohammed, had ordered Mr Khashoggi's death.

Oil rebounds towards $81 but weaker demand view weighs

16 Oct, 2018

Speaking on the sidelines of an event by Columbia University on Friday, Nephew expected that Iranian crude oil exports would be as much as 1.3 million barrels per day as of November 4. Now, with data showing Chinese exports to have registered a double digit growth in the month of September, despite escalating trade tensions with the US, concerns about demand growth have eased a bit.

Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt

15 Oct, 2018

The company later became Sears, Roebuck and Co and began selling everything from homes to hardware, becoming the largest retailer in the country until Walmart replaced it in 1990. The question now is whether a smaller version of the company that once dominated the American retail landscape can remain viable or whether the iconic brand will be forced out of business.

James Murdoch in line to replace Musk as Tesla chairman: FT

15 Oct, 2018

US District Judge Alison Nathan ordered the brief to show the settlement was "fair and reasonable", which is a common practice in the court. However, Elon Musk , current CEO and chairman at Tesla, hit Twitter shortly after the report was published with the statement, "This is incorrect".

Egypt Backs Saudi Arabia Over the Case of Missing Journalist Khashoggi

15 Oct, 2018

Rather, if Saudis face "political pressures" such as accusations or sanctions, "the outcome of these weak endeavors, like their predecessors, is a demise". "There's something really awful and disgusting about that, if that was the case, so we're going to have to see", Trump said. Saudi officials, however, asserted that he left the consulate afterwards.

Trump renews Fed criticism, says raising rates too fast

14 Oct, 2018

And I have a lot more to do if I want to do it and I don't want to do, but they have to come to the table. International Monetary Fund chief Christine Lagarde also defended the Fed on Thursday. That gave Carter an opening to make Paul Volcker the new Fed chairman, someone the Carter administration regarded as better equipped to combat high inflation.

B.C. pipeline explosion strands natural gas output, cuts into wellhead prices

14 Oct, 2018

Gasoline prices jumped Thursday and were expected to continue to rise as oil refineries in Washington state started to shut down operations. The analysts say they expect Enbridge will restore the pipeline to service within a week or two, given the lack of damage to the parallel line and the high priority of restoring gas to residential markets in B.C.at the beginning of winter.

Secretary Mnuchin says China trade talks must include currency issues

13 Oct, 2018

But he said re-launching trade talks would require China to commit to taking action on structural reforms to its economy. Analysts had expected the surplus would shrink to $19.4 billion from $27.89 billion in August. But the Trump administration has already hit China with tariffs on $250 billion worth of Chinese goods imports, and has threatened duties on the remaining $267 billion.

Northern Irish party threatens to topple Theresa May's United Kingdom government

12 Oct, 2018

The spokesman added: "I can't negotiate the final stages of documents in this room but what I can say is that our position is absolutely that the PM is not going to agree a deal which would trap us in a backstop permanently". But Hammond insisted that negotiations were making progress. They said tentative planning could see a breakthrough announced on Monday when European Union negotiators representing the bloc's national leaders meet in Brussels without Britain.

Swiss economy predicted to grow 3% by end of year

11 Oct, 2018

China , however, could still be labelled a currency manipulator if the US Treasury decides to rely more heavily on the older 1988 Act, which allows for a more subjective assessment of whether a currency is being manipulated to gain unfair competitive advantage in trade.

May to hold Brexit War Cabinet to agree backstop plan

11 Oct, 2018

One of the biggest hurdles is an agreement on the so-called Irish backstop to prevent the return of a hard border between the British province of Northern Ireland and European Union member state Ireland if there is no immediate trade deal. Such a move would end the fragile " confidence and supply" pact that the Conservatives have with the DUP to keep the Prime Minister in power. 'Of course the Government are going to whip this vote extremely hard, but what I would say is that the ...

USA job growth slows but unemployment rate falls to 3.7%

08 Oct, 2018

Florence-related flooding and damage in North Carolina and SC was expected to influence the data, though on a smaller scale than the 2017 disruptions from hurricanes Harvey and Irma. September marked the third straight month of unemployment below 4 percent . The report , which was released on Friday, said that the American economy was humming with the GDP on pace for its best year since the housing the mid-2000s, reports The New York Times .

Petrol diesel prices come down: Check todays fuel prices here

07 Oct, 2018

Whereas Maharashtra government has not done any additional reduction on petrol price and Jharkhand also not slashed down the price. He added that a total of Rs 2.50 will be reduced from current petrol and diesel cost. If the Centre is serious, it should reduce the tax to what it was when it assumed office. It has done so by slightly cutting the excise duty, a type of indirect tax, on imported diesel and petrol by ₹1.50 per litre and directing several state-run oil marketing companies ...

Did Chinese Spies Really Put a Chip in It?

05 Oct, 2018

The servers had been compromised during manufacturing and the chips activated once they were up and running, it said. However, the Chinese government, Apple, Amazon , and an unnamed USA government official who spoke to the Washington Post disputed this claim.

Good news! Petrol prices slashed by Rs 2.50

05 Oct, 2018

Thanking Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley , Fadnavis said the reduction in fuel prices will give a huge relief to citizens. The state of Karnataka, who earlier slashed fuel prices by Rs 2, will not be announcing any more cuts. In comparison, the price of petrol and diesel in Delhi will go down to Rs 81.50 and Rs 72.95, respectively.

Amazon Boosts Minimum Wage to $15 Per Hour

03 Oct, 2018

The wage hike will benefit more than 575,000 workers, which includes full-time, part-time, temporary and seasonal positions. The Sunday Times also reported how its undercover reporter took home less than the minimum wage after paying for expenses while working at one of the firm's Scottish sites.

Elon Musk Resigns As Chairman Of Telsa

02 Oct, 2018

According to the SEC , "no disclosure controls or procedures" were put in place "to determine whether Musk's tweets contained information required to be disclosed in Tesla's SEC filings". The company is expected to announce production stats later this week. Tesla's most active high-yield bond issue traded up 2.5 cents to 86.75 cents on the USA dollar early Monday, the biggest gain since August 2.

Supply managed farmers to get compensation as a result of trade deal

02 Oct, 2018

Watch the president's remarks in the player above. U.S. President Donald Trump delivers remarks on the United States-Mexico-Canada Agreement ( USMCA ) during a news conference in the Rose Garden of the White House in Washington , U.S., October 1, 2018.

Canada's race against time with USA to reach NAFTA deal

01 Oct, 2018

U.S. Trade Representative Robert Lighthizer - Freeland's counterpart at the talks - on Tuesday had complained Canada was not making enough concessions and said time was running out. Negotiations for a new North American Free Trade Agreement are again at a critical point as the clock ticks down on Sunday night's US deadline to file the text of a bilateral deal with Mexico.

Federal Reserve poised to raise interest rates

27 Sep, 2018

In recent years, the Fed's statement has explicitly said that "the stance of monetary policy remains accommodative", meaning aimed at boosting growth. But investors will nonetheless eagerly parse the central bank's announcement of the decision to get a glimpse of its line of thinking - and try to deduce how many more hikes are coming and when.

Oil eases, but Iran sanctions keep Brent above $80 a barrel

27 Sep, 2018

Trump's comments at the UN General Assembly come as oil hit a four-year high of $82 per barrel on Tuesday. Iran's oil minister has said the United States will not succeed in its plans to halt Iranian crude exports even as he acknowledged that South Korea has stopped buying oil from Tehran , Iranian media reported on Monday.

Oil price jumps as Opec keeps output steady

27 Sep, 2018

With prices recently hovering around $80 a barrel for Brent crude , Trump has used Twitter and other means to lean on OPEC to increase oil supplies. USA commercial crude oil inventories are at their lowest since early 2015 and although United States oil production is near a record high of 11 million bpd, subdued U.S.

Why Instagram's Co-Founders Are Leaving Facebook

26 Sep, 2018

Spokespeople for Facebook and Instagram declined to comment further on why the executives had made a decision to step down, both CNN and The New York Times reported . Sources close to the matter told TechCrunch the departure is due to rising tension between Facebook and Instagram's leaders likely the result of a management shuffle in May.

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