Economy


Jason Day surges into the lead at BMW Championship Jason Day surges into the lead at BMW Championship
- September 18, 2017

The 33-year-old regained the stroke with a ideal 20-foot putt at the fifth, although he then missed from four feet for par at the seventh before a nice up-and-down at the par-five next got him back under the card for the day. Rory McIlroy's (300/1) hopes of making it to next week's finale at East Lake appear slim, but a two-under back-nine had him moving in the right direction albeit 15 shots behind the pace-setter. (more...)
USA may sanction oil trade with Pyongyang USA may sanction oil trade with Pyongyang
- September 15, 2017

On Monday, the Security Council passed a US-drafted resolution banning textile exports and restricting shipments of oil products, with the support of North Korea's only ally China. Frustrated US lawmakers called on Tuesday for a high-powered response to North Korea's nuclear tests, saying Washington should act alone if necessary to stiffen sanctions on companies from China, Russia and any country doing business with Pyongyang , Reuters reports . (more...)
Equifax identifies flaw hackers exploited in breach Equifax identifies flaw hackers exploited in breach
- September 15, 2017

It learned of the hacking on July 29. In an unusual move, the Federal Trade Commission confirmed on Thursday that it has opened a probe into the Equifax debacle, which may have compromised the personal information of as many as 143 million Americans. (more...)
Volkswagen to offer electric cars for all models by 2030 Volkswagen to offer electric cars for all models by 2030
- September 13, 2017

Volkswagen has stepped up its shift toward the electric auto and is planning to invest over €20 billion or $24 billion in the zero-emission vehicles by 2030 as it tries to challenge the pioneer in the industry Tesla in creating mass market vehicles. (more...)
With Amazon.com looking for giant new HQ, Bay Area raises hand With Amazon.com looking for giant new HQ, Bay Area raises hand
- September 11, 2017

Based on the company's wishlist of urban amenities it wants in its new headquarters, it sounds like Amazon is trying to avoid those same growing pains this time around. Tulsa Mayor G.T. Bynum has already publically said the city would be a flawless community, and the Tulsa Chamber of Commerce is showing enthusiasm as well for the idea. (more...)
Temple Community Shaken Up By Student's Murder Temple Community Shaken Up By Student's Murder
- September 06, 2017

Philadelphia police said Sunday a body found on property belonging to Hupperterz's relative was identified as Burleigh. Hupperterz was charged with murder , and faces charges of possession of an instrument of crime, evidence-tampering and abuse of a corpse. (more...)
Golfer Lewis to donate winnings Golfer Lewis to donate winnings
- September 04, 2017

Stacy Lewis shot an 8-under 64 on Friday for a share of the lead with two-time defending champion Brooke Henderson and first-round leader In Gee Chun at 10-under 134 at tree-lined Columbia Edgewater. "That's more important than any win". "I have been hitting solid and [gave] myself a lot of really good chances for birdie". Finishing second in tournaments, "sometimes it's your fault, sometimes it's not", she said. (more...)
After North Korea missile, Britain and Japan agree closer security ties After North Korea missile, Britain and Japan agree closer security ties
- September 02, 2017

U.S. heavy bombers and stealth jet fighters took part in a joint live-fire drill in South Korea on Thursday, intended as a show of force against the North after its latest missile launch. Russian Foreign Minister Sergei Lavrov has urged Washington not to use force against North Korea , as tensions surged after the latest missile test by Pyongyang. (more...)
Real GDP Revised Up to 3.0% Growth in the Second Quarter Real GDP Revised Up to 3.0% Growth in the Second Quarter
- August 31, 2017

U.S. economic growth in the second quarter is now thought to be stronger than previously reported, helped by stronger business investments and consumer spending. The Trump administration is targeting tax cuts, deregulation and infrastructure spending to boost growth. Strong growth and a labor market that is near full employment support views the Federal Reserve will announce a plan to start unwinding its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities next month and ... (more...)
Astros: Tropicana Field will be home away from home
- August 31, 2017

Astros players and fans expressed their appreciation Tuesday night for Tampa Bay's willingness to host this week's series against the Texas Rangers . said after the Rangers refused to swap home series with the Astros. Maybe the Houston Astros will be the team to fill that role in 2017. "We had to look at our players' best interest and we had to look at the integrity of the schedule". (more...)
First comments from Uber's new CEO First comments from Uber's new CEO
- August 31, 2017

Iranian-born Khosrowshahi, 48, will take on the daunting task of mending Uber's image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses. He joined from Expedia which, according to a statement from Uber's board, "he built into one of the world's leading travel and technology companies". (more...)
Samsung vice-chairman sentenced to five years in prison Samsung vice-chairman sentenced to five years in prison
- August 26, 2017

Previous reports alleged that the money was paid out to win favor from the country's state pension fund, which supported a merger between two Samsung affiliates in 2015. The billionaire head of Samsung has on Friday been sentenced to five years in prison . It's part of a huge influence-peddling scandal that brought down the government of former President Park Geun-hye. (more...)
Venezuelan Oil Minister to Switch Places With PDVSA Chief Venezuelan Oil Minister to Switch Places With PDVSA Chief
- August 26, 2017

Vice President Mike Pence and a group of fugitives from the Venezuelan justice system was held yesterday". The announcement Friday is likely to worsen Venezuela's economic depression, which has resulted in mass demonstrations against Maduro's government and a hardline crackdown on the country's political opposition. (more...)
Amazon's Whole Foods Market acquisition to close Monday Amazon's Whole Foods Market acquisition to close Monday
- August 26, 2017

Kroger shares were down eight percent yesterday, and Walmart shares fell two percent yesterday as well. Amazon Prime is a $99-a-year service that gives customers faster free shipping, video streaming and other benefits. And - significantly for the parcel delivery industry - Amazon announced that Amazon Lockers will be available in select Whole Foods Market stores. (more...)
Trump says he'll probably kill United States trade pact with Canada & Mexico Trump says he'll probably kill United States trade pact with Canada & Mexico
- August 25, 2017

The leaders of Canada and Mexico have indicated their willingness to work with the Trump administration, and although vague on the exact terms that he will be seeking in a renegotiated NAFTA, Trump has threatened to withdraw from it if negotiations fail. (more...)
Air India chief takes over as new Railway Board head Air India chief takes over as new Railway Board head
- August 24, 2017

A 1980 railway mechanical engineer services officer, Lohani, 58, is known for his "go getter attitude" in the railway ministry and thus now all eyes will be on him that whether he would be able to turnaround the ailing government run transporter like his successful stints at the India Tourism Development Corporation (ITDC) during the previous NDA government and MP tourism. (more...)
Buyout rumors persist after Wade's kids reportedly attend Fla. school Buyout rumors persist after Wade's kids reportedly attend Fla. school
- August 24, 2017

Wade chose his hometown Bulls over the Nuggets in 2016 but Denver's brass " really sold Wade " on their vision for the organization. The Cavs on the other hand are on win-now mode despite the shuffling of the pieces that would include trading Kyrie Irving and James' impending free agency decision (Part III), making a potential acquisition of Wade a more feasible short-term alternative. (more...)
KJ apologises to Indonesia for upside-down flag KJ apologises to Indonesia for upside-down flag
- August 22, 2017

Mr Widodo said the incident "concerns the national pride of our country", but added: "We deeply regret the incident but do not exaggerate it". "The official apology will include my official apology to Bapak Imam verbally as well as in written form to express Malaysia's regrets as hosts over the incident". (more...)
Maersk Oil & Gas accept $7.45bn Total deal Maersk Oil & Gas accept $7.45bn Total deal
- August 21, 2017

BP Plc has offloaded assets including a $1.7 billion stake in a Chinese petrochemical venture and Shell exited its Irish venture for $1.2 billion. Total is pleased to announce that the Boards of Total and A.P. It also gives Total the ability to rampup production should oil prices rebound. A number of sizable new North Sea projects is generating renewed excitement. (more...)
United States formally launches probe of China's IP practices United States formally launches probe of China's IP practices
- August 20, 2017

Emmet LighthizerMORE launched a full-fledged investigation into China's alleged intellectual property theft on Friday, marking the Trump administration's firmest actions yet against China's trade practices. Bannon specifically mentioned using Section 301 to investigate " Chinese coercion of technology transfers from American corporations doing business there, and follow-up complaints against steel and aluminum dumping ". (more...)

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