Business

Crude mood: Oil enters bear market, plunging most since 2015

Crude mood: Oil enters bear market, plunging most since 2015 President Donald Trump put pressure on the Organisation of the Petroleum Exporting Countries not to cut supply to prop up the market. Worldwide benchmark Brent crude dropped nearly 7% to $65.11 (£50.24) a barrel, its lowest level since March. [Full Article...]

New questions over Boeing 737 model that crashed in Indonesia

New questions over Boeing 737 model that crashed in Indonesia It was added to the MAX models partly because the aircraft has heavier engines than the previous 737 NG models and the airplane's center of gravity is biased more forward. In a parallel move, the newspaper quoted an unnamed high-profile Boeing representative as saying that the company had made a decision to leave out some details about the new models of aircraft so as to not feed pilots with exces... [Full Article...]

Saudi minister calls for 1 mln bpd global oil output cut

Saudi minister calls for 1 mln bpd global oil output cut Falih said the U.S. sanctions had removed less oil from the market than expected because of the waivers . Major oil producers said Sunday, Nov. 12, 2018, that crude supply next year would outstrip demand, calling for new strategies that might include cutting production. [Full Article...]

Apple suppliers fall due to weak iPhone demand

Apple suppliers fall due to weak iPhone demand Semiconductor stocks were broadly lower with the Philadelphia Semiconductor Index losing 4.4 per cent. Most of the new iPhones are priced at $999 and up, with the tricked-out iPhone XS Max going for as high as $1,449. Nikkei reported earlier this month that Foxconn had cut as many as 15 production lines for the device. However, Apple's less-expensive older phones may get a sales boost from th... [Full Article...]

Twitter Flips Out After Facebook Crashes for Many Users

Twitter Flips Out After Facebook Crashes for Many Users According to downdetector .com, which detects and documents technology fails, Facebook's outage is mostly affecting users in North America, South America and parts of Western Europe. If you've been unable to post or view content on Facebook since about noon Monday, you're not alone. This is a developing story, TV6 is committed to providing you updates are they are received. [Full Article...]

UFO investigated in Ireland after multiple aircraft sightings

UFO investigated in Ireland after multiple aircraft sightings The British pilot onboard the flight from Montreal to Heathrow revealed that the UFO had come up along the left side of the aircraft before it rapidly moved to the North at a very high acceleration. ATC said there were no military exercises had been planned, before eerily adding: " There is nothing showing on either primary or secondary radar ". [Full Article...]

Amazon chooses New York City and Northern Virginia as HQ2 sites

Amazon chooses New York City and Northern Virginia as HQ2 sites All three newspapers said Amazon refused to comment on the locations, but an official announcement is expected as soon as Tuesday. The development projects, which could be announced as soon as Tuesday, promise to bring the cities a giant infusion of jobs and tax revenue, but are nearly certain to draw fire from critics concerned about their impact on infrastructure and property values. [Full Article...]

Oil shock: Saudi minister wants supply cut of 1m bpd

Kristian Rouz - The shale oil boom in North Dakota's Bakken oil field continues to set new records, rendering United States crude prices lower, which, in the face of increasing USA energy exports, is poised to weigh on worldwide oil prices as well. [Full Article...]

Saudi minister calls for 1 mn bpd global oil output cut

Saudi minister calls for 1 mn bpd global oil output cut Meeting to examine how to curb a sharp slide in oil prices , the producers said they "reviewed current oil supply and demand fundamentals and noted that 2019 prospects point to higher supply growth than global requirements". Russia, by contrast, is in a more comfortable position, and Energy Minister Alexander Novak showed no sign he was ready to act immediately. He said market sentiment had shi... [Full Article...]

Amid tariff rush, China's exports to United States grow 13%

Amid tariff rush, China's exports to United States grow 13% Analysts claimed for yet another month that part of the explanation for strong exports to the USA is front-loading of shipments in anticipation of Mr. Unexpectedly strong imports contrasted with other signs that China's factory output and other economic activity is cooling. China's imports from the USA fell 1.8 percent in October on-year, while its surplus with the U.S. [Full Article...]

FDA expected to impose restrictions on e-cigarettes

FDA expected to impose restrictions on e-cigarettes A spokesman for the Democratic governor told The Wall Street Journal his administration would soon republish regulations banning the sale or possession of flavored e-cigarettes. He set a 60-day deadline for the major companies to prove they could keep their devices away from minors, and that timetable ends this weekend. He said that could easily take another 20 years before they find out the typ... [Full Article...]

S&P 500 widens losses, as Fed holds rates steady

S&P 500 widens losses, as Fed holds rates steady Despite a US trade war with key nations, weaker corporate investment and a sluggish housing market, the Fed is expressing confidence in the economy's resilience. Fed officials worry that such low unemployment and higher wages could speed up inflation, forcing the central bank to raise rates more aggressively, and tip the economy into recession. [Full Article...]

Alibaba Singles' Day sales hit $10 billion in first hour

Alibaba Singles' Day sales hit $10 billion in first hour Items selling well included smartphones and other electronics, but also staples such as milk powder and diapers. Singles Day looks set to grow and grow and is already the world's biggest shopping event. "It's when retailers use the best products and best prices to show their gratitude to our consumers". The November sale event is expected to founder Jack Ma's last at the helm of the company. [Full Article...]

All-New Mazda3 to Debut at LA Auto Show This Month

All-New Mazda3 to Debut at LA Auto Show This Month This promising Kai concept is reportedly an accurate blueprint of what to expect from the most anticipated auto. More information about the fourth-generation Mazda3 is expected on 28th November, when the LA show opens to the press. The earlier mentioned source reportedly drove a Mazda3-bodied prototype during the start of the year. This decision is allowed to silence the four-cylinder mill in ... [Full Article...]

Did not seek Rs 3.6 lakh crore from RBI: Govt | RBI

Did not seek Rs 3.6 lakh crore from RBI: Govt | RBI While the finance ministry had pointed out that close to Rs 400 crores worth of Rs 500 and Rs 1000 denominations were counterfeit, in the RBI meeting held at 5:30pm that day, the directors noted , "While any incidence of counterfeiting is a concern, Rs 400 crores as a percentage of the total quantum of currency in circulation in the country is not very significant". [Full Article...]

Upcoming Bitcoin Cash Fork Drama Continues to Unfold

Upcoming Bitcoin Cash Fork Drama Continues to Unfold The core people previous were really really opposed to any sort of contentious hard fork and I think there's some merit to being afraid of that. The last two upgrades back in November 2017 and May 2018 were successful and there wasn't much controversy revolving around those forks. [Full Article...]

Bombardier says it will cut 5000 jobs

Bombardier says it will cut 5000 jobs The cuts will be made in the next 12 to 18 months and Bombardier will also sell off "non-core assets" worth about 900 million Canadian dollars (£524 million), including the Q Series aircraft programme and the de Havilland trademark. Bellemare cited capital needs at the company's rail business for spoiling the cash-flow goal, which includes leeway of plus or minus US$150 million. About 2,500 ... [Full Article...]

Flight attendant breastfeeds passenger’s baby as mother runs out of infant formula

Flight attendant breastfeeds passenger’s baby as mother runs out of infant formula The flight attendant, who has a almost one-year-old daughter at home, heard an infant fussing after takeoff. Patrisha Organo , Flight Attendant/Breastfeeding Advocate. The moving post has gone insane viral, wracking up 6.6K comments and 30,889 shares since it was shared on November 7. Yesteday, I was scheduled for a check flight to be qualified as a Cabin Crew Evaluator. [Full Article...]

Walmart goes public with its Black Friday plans

Walmart goes public with its Black Friday plans Walmart released its Black Friday advertisement , featuring deals on televisions, laptops, surveillance cameras, cookware and clothing. The official Walmart Black Friday ad scan is here, and it points to excellent tech that will go on sale, with most "rollback prices" happening on Wednesday, November 21 at 10pm ET. [Full Article...]

Iceland's christmas advert has been BANNED from television

Iceland's christmas advert has been BANNED from television It was scrapped by the body responsible for giving ads the green light - who said there were concerns that it "doesn't comply with political rules". Iceland will still be placing TV ads, but only 10-second clips that will highlight palm oil-free products. [Full Article...]


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