Business

Trump takes swipe at Fed for raising interest rates too quickly

At 0640 GMT the rand was 0.26% weaker at R14.2900 per dollar, having risen to R14.1050, its best since 1 October, as the NY session kicked off before the release of the Fed minutes breathed life back into the greenback rally. Though the minutes did not refer to any of Trump's criticism , its message of further rate increases suggests that policymakers are not fazed by it. [Full Article...]

$1 million Powerball ticket sold in New Jersey

$1 million Powerball ticket sold in New Jersey Here are the winning numbers in the most recent drawing: 3, 57, 64, 68, 69 and the Powerball number was 15. Details of where the winning Florida ticket was sold were not immediately available. With no winners for Wednesday's drawing, the Powerball is now worth an estimated $430 million for Saturday's drawing. There was also a $150,000 winning Powerball ticket sold in Owensboro for Wednesday ni... [Full Article...]

A guide to Canada's legal cannabis

A guide to Canada's legal cannabis While some products were still available Wednesday morning, most of the marijuana flower products were sold out. Cannabis legalization has implications for many other facets of Canadian society, ranging from law enforcement and testing for cannabis-impaired drivers to corporate policies governing consumption restrictions for certain industries such as air travel. [Full Article...]

USA gives Saudi benefit of doubt in Khashoggi case

USA gives Saudi benefit of doubt in Khashoggi case Before leaving Riyadh, Pompeo told reporters that Saudi officials pledged they would hold any wrongdoers accountable, no matter how high their positions. The newspaper said one of the Saudi "torturers" replied: "Shut up if you want to live when you return to (Saudi) Arabia". "The Saudi regime has had an appalling human rights record, including inflicting abuses against journalists", Smith pointe... [Full Article...]

The Saudi Prince "Totally Denies" Knowledge

The Saudi Prince U.S. Secretary of State Mike Pompeo greets Turkish Foreign Minister Mevlut Cavusoglu before their meeting in Ankara, Turkey , October 17, 2018. Khashoggi's alleged killers tortured the journalist during interrogation by cutting his fingers off, Yeni Safak said , claiming it had heard several recordings of the incident. [Full Article...]

Audi hit by £700 million fine for diesel emissions scandal

Audi hit by £700 million fine for diesel emissions scandal While the VW group has admitted 1.2 million vehicles were affected in the United Kingdom, it has refused similar payouts to owners on the grounds no European Union law was broken through the use of the software. Two Volkswagen executives were sent to prison in the US. Prosecutors had jailed him in June, saying the move was necessary to stop him trying to influence witnesses. [Full Article...]

Canada legalises recreational use of cannabis

Canada legalises recreational use of cannabis Turns out, Clarke didn't have to go almost so far to open his own retail cannabis outlet. "All the years of activism paid off. Cannabis is legal in Canada and everyone should come to Canada and enjoy our cannabis". "Prohibition has ended right now". That means provinces and territories will determine where it is sold , where stores operate and are located, along with the limits for possession... [Full Article...]

Turkish official says police found evidence of Khashoggi slaying

Turkish official says police found evidence of Khashoggi slaying A Turkish official confirmed to CNN late on Tuesday that police believe Khashoggi was brutally dismembered, after a previous report in the New York Times shortly after his disappearance made similar claims. "It's up to the president, but I know what I'm going to do..." A Turkish paper has alleged that a team of 15 Saudi men flew into Istanbul on October 2, hours before Khashoggi was la... [Full Article...]

United States judge approves settlement between SEC, Tesla and Musk

United States judge approves settlement between SEC, Tesla and Musk Fast forward to this week, when Musk followed up on his social-media platform of choice with a "visual approximation" of what the label could look like. Musk no longer be permitted to be CEO - presumably something the SEC wished to avoid. Under terms of the settlement with the USA regulators, Musk is not allowed to be re-elected as chairman for three years and Tesla has to appoint two new indepe... [Full Article...]

Mega Millions jackpot now $868M, 2nd largest in USA history

Mega Millions jackpot now $868M, 2nd largest in USA history The jackpot had swelled because nobody has won since July 24. Jackpots start at $40 million, and other prizes pay from $1 million to $2 million or more with a Megaplier. Three friends in Baltimore County who identified themselves publicly only as "The Three Amigos", landed over $218 million in 2012 when they shared a then-record Mega Millions jackpot of $656 million with winners in IL and Kansas. [Full Article...]

Insurance companies not covering storage of Iranian oil, says Indian Oil official

Insurance companies not covering storage of Iranian oil, says Indian Oil official The Schork Report Founder Stephen Schork discusses why low oil prices aren't necessarily good for the economy and how high prices are a reflection of a strong economy. During the previous rounds of sanctions from 2012 to 2015, South Korea could buy Iranian oil by capping its Iranian oil imports volume. The Trump administration is actively considering waivers on sanctions for countries that a... [Full Article...]

UK, Germany, France press Saudi Arabia over Khashoggi disappearance

UK, Germany, France press Saudi Arabia over Khashoggi disappearance Turkish authorities claim they have video and audio recordings indicating Khashoggi was first interrogated in the consulate, then tortured and murdered. The kingdom's Government and people are "as glorious and steadfast as ever", it said. He and Trump's son-in-law and senior adviser, Jared Kushner, have forged close ties. [Full Article...]

YouTube Goes Offline For Users Worldwide

YouTube Goes Offline For Users Worldwide Attempts to visit individual channels on the website returned "500 Internal Server Error" messages. "Sorry, something went wrong". YouTube is suffering a serious outage worldwide with its users confronting error messages as they tried to login, upload or watch content on the hugely-popular video platform. [Full Article...]

Trump Threatens to Cut Aid to Honduras If Migrant Caravan Isn't Stopped

Trump Threatens to Cut Aid to Honduras If Migrant Caravan Isn't Stopped The exhausted migrants entered Esquipulas late Monday and sought out food and places to sleep, hobbling on blistered feet. Singing the Honduran national anthem, praying and chanting, " Yes we can ", the ranks of the march swelled as it crossed the country. [Full Article...]

PM's Appeal To Oil Producing Nations Gets A Negative From Saudi Minister

PM's Appeal To Oil Producing Nations Gets A Negative From Saudi Minister Crude oil futures rose on Monday as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked worries about supply, although concerns about the long-term outlook for demand dragged on prices. On Monday, officials in the government and oil companies said Indian firms like International Olympic Committee have optional volumes built in their annual crude oil purchase contr... [Full Article...]

Mega Millions prize up to $654 million, Powerball hits $345 million

Mega Millions prize up to $654 million, Powerball hits $345 million Mega Millions jackpots can quickly reach outsized amounts because each prize begins from an initial $40 million and rolls over, sometimes for weeks and weeks, before anyone claims their winnings. New Jersey state lottery officials said there were two third-tier prizewinning tickets sold for the Friday, Oct. 12 drawing that matched four of the five white balls and the Gold Mega Ball drawn winnin... [Full Article...]

Air India Flight Attendant Falls Off Parked Plane, Suffers Multiple Injuries

Air India Flight Attendant Falls Off Parked Plane, Suffers Multiple Injuries While the incident took place at about 6.15 a.m., Ms. Lobo was provided emergency care by doctors at the Mumbai International Airport Ltd. (MIAL) at 6.18 a.m. "More parts of the aircraft could have come off had it continued to cruise for a bit longer, endangering the lives of passengers", VK Kukar, a former Air India Pilot, told the Indian newspaper. [Full Article...]

Donald Trump says a strong dollar doesn't necessarily mean all good

Donald Trump says a strong dollar doesn't necessarily mean all good Never mind that Trump has been president for fewer than two years of a nine-plus year bull market. The yield on 10-year U.S. Treasury bonds reached a seven-year high this week of 3.25 percent (it receded some Wednesday as stocks dropped), up from 2.82 percent in August. [Full Article...]

Saudi government reportedly grappling with Khashoggi explanation to save face

Saudi government reportedly grappling with Khashoggi explanation to save face Mr Khashoggi, a critic of the Saudi government who has written for the Washington Post , was last seen walking into the consulate on 2 October. Former CIA director John Brennan appeared on Meet the Press yesterday to talk about the Saudi-U.S. [Full Article...]

What You Need to Know About Sears Bankruptcy Filing

What You Need to Know About Sears Bankruptcy Filing Coinciding with the filing, Edward Lampert, who engineered Kmart's $11 billion acquisition of Sears, is stepping down as CEO. He will remain the retailer's chairman. Sears added it had received commitments for $300 million in debtor-in-possession financing and was negotiating for an additional $300 million. But ultimately, it was not possible to achieve a successful restructuring outside a Chapt... [Full Article...]


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