Tuesday March 19-th, 2019

Saudi Arabia to announce slight rise in oil, gas reserves after audit Saudi Arabia to announce slight rise in oil, gas reserves after audit

Al-Falih also added that the Aramco bond is expected to be in USA dollars with the debt sale ensuring that Saudi Aramco will disclose its accounts to investors for the first time since its nationalization around forty years ago. The kingdom had initi...

Head of Japan's Olympic Committee indicted in France over corruption allegations Head of Japan's Olympic Committee indicted in France over corruption allegations

Takeda , however, has denied the report . "No restrictions have been placed upon me". The IOC statement added that new rules passed since 2013 mean all consultants used by bidding teams now must follow strict ethical and governance guidelines....

Ford's cost-cutting plans 'could lead to 1000 job losses at Bridgend' Ford's cost-cutting plans 'could lead to 1000 job losses at Bridgend'

Jaguar Land Rover and Ford are preparing to implement cost cutting plans which will result in thousands of job losses for the UK's automotive sector. Audi, VW's biggest profit center, likewise noted more struggles ahead, reporting a 3.5 percent dr...

Amazon shares rise for third straight week despite Bezos divorce Amazon shares rise for third straight week despite Bezos divorce

The liaisons included one romantic getaway at the very same hotel in Boston, where the Bezos family stayed when attending an event at their son's university, the magazine claimed. "As our family and close friends know, after a long period of loving e...

PC shipments fall during holiday season and across all of 2018 PC shipments fall during holiday season and across all of 2018

Gartner's argument is that there's an overall shortage of processors on the market, which means customers could not meet business PC upgrade demands. The global PC market returned to its familiar downward slope in the fourth quarter, according to pr...

Sluggish manufacturing drags GDP growth down to 0.3% Sluggish manufacturing drags GDP growth down to 0.3%

According to the ONS , GDP growth was flat in September, before rising... The data reveals that on a rolling three-month basis, the manufacturing sector shrank by 0.8% and month-on-month it fell 0.3%. They suggest demand from our trading partners ...

USA air travel concerns surface as gov't shutdown drags on USA air travel concerns surface as gov't shutdown drags on

The air traffic controllers are also organizing a leafleting effort appealing directly to passengers at airports across the country, including in Dallas Atlanta, Seattle and Portland, Ore., as well as at Washington Dulles International Airport in Vir...

Mike Adenuga is closing in on Aliko Dangote as Africa's richest man Mike Adenuga is closing in on Aliko Dangote as Africa's richest man

This is according to Forbes' Africa Billionaires List released on Wednesday. The global magazine also listed Mike Adenuga , Chairman/Chief Executive Officer of Globacom who has interests in investments in oil and gas, real estate and other c...

Cadillac's new mission: Lead GM's EV push Cadillac's new mission: Lead GM's EV push

The vehicle platform is the basis for vehicle underpinnings, including the battery system and other structural and mechanical parts. News of Cadillac's EV plans follows GM's announcement Wednesday to partner with EVgo, ChargePoint and Greenlots, ...

Aussie man deported from New Zealand over airplane bomb threat Aussie man deported from New Zealand over airplane bomb threat

The flight from Auckland to Sydney was cancelled following the comments, police say. An Air New Zealand flight to Sydney was cancelled last night, as well as the ensuing flight today from Sydney to Queenstown. Judge Anna Johns reportedly ordered ...

Apple to release three new iPhones amid struggling sales Apple to release three new iPhones amid struggling sales

The iPhone XS Max is the largest handset Apple has ever launched with a 6.5-inch screen. Apple plans to continue with LCD model as the device has been in the production pipeline for months, the report said. Mr Cook also acknowledged that consumer...

Oil prices edge up on trade talk hopes and OPEC cuts Oil prices edge up on trade talk hopes and OPEC cuts

U.S. West Texas Intermediate (WTI) crude CLc1 futures rose $1.56 to $49.52 a barrel, a 3.3 percent gain. Oil futures have gained more than 7 percent since last Monday. Goldman Sachs downgraded its 2019 crude oil price view, but forecast a recove...

Elon Musk’s vision of spaceflight is gorgeous Elon Musk’s vision of spaceflight is gorgeous

The Starship test vehicle has surprised people, and they are left wondering that if this test vehicle is such an wonderful piece of art, just how remarkable will the spacecraft be once it is completed. As per the tweet by Elon Must, 'Starship test v...

Ex-Nissan chairman Carlos Ghosn indicted, may remain in jail for months Ex-Nissan chairman Carlos Ghosn indicted, may remain in jail for months

Ghosn's detention was further extended after he was served with a third arrest warrant on December 21 for alleged aggravated breach of trust involving the transfer of personal investment losses to Nissan in 2008. The arrest and detention of Ghosn,...

More than 150 people affected by Norovirus outbreak on Royal Caribbean cruise More than 150 people affected by Norovirus outbreak on Royal Caribbean cruise

Owen Torres, a spokesman for Royal Caribbean, which operates the vessel, said: "We think the right thing to do is get everyone home early rather than have guests worry about their health". People contract norovirus when they come into contact with c...

US Fed: 'Can afford to be patient' on rate hikes US Fed: 'Can afford to be patient' on rate hikes

Speaking to an audience in Washington, Powell delivered the same reassuring message of restraint and flexibility that bolstered markets last Friday. The Fed is "bordering on going too far and possibly tipping the economy into recession" if rates...

Fiat Chrysler to pay customers, governments for cheating emissions tests Fiat Chrysler to pay customers, governments for cheating emissions tests

Another $72 million will be paid to settle claims made by other states. The recall and federal mitigation programs are estimated to cost up to $185 (£145 / €160) million, while FCA will fork over another $19 (£14.9 / €16.5) million to mitigate ex...

United States pushes China on promises after `in-depth' trade meetings United States pushes China on promises after `in-depth' trade meetings

In a statement that gave no specific details on the outcome of three days of talks in China's capital this week, USTR said that USA and Chinese officials discussed "ways to achieve fairness, reciprocity and balance in trade relations". The current tr...

Skies darkening over the global economy Skies darkening over the global economy

Growth will probably increase to 1.7% in 2020 and 1.8% in 2021, it says. It warns that global growth will slow to 2.9% in 2019, from 3% in 2018 with risks such as softer worldwide trade and investment, elevated trade tensions and substantial financ...

Toyota Recalling 1.7 Million Vehicles In North America Over Faulty Air Bags Toyota Recalling 1.7 Million Vehicles In North America Over Faulty Air Bags

USA authorities in 2014 exposed the Takata airbag defect, which has since resulted in a series of massive recalls concerning at least 100 million units worldwide from multiple manufacturers. That's why inflators in the South along the Gulf of Mexico ...

Shutdown 'Puts US Food Supply at Risk' Shutdown 'Puts US Food Supply at Risk'

According to The Washington Post , Gottlieb said he was working on plans to bring back the 150 now furloughed inspectors as early as next week to specifically focus on high-risk facilities after the shuttering of the government forced him to cance...

Rare coin found in boy's lunchbox worth $2.4 million Rare coin found in boy's lunchbox worth $2.4 million

Lutes died in September past year, and the coin is now up for auction . Sarah Miller of Heritage Auctions told SWNS (via Fox): "This is the most famous error coin in American numismatics and that's what makes this so exciting". But when Lutes co...

Apple will reportedly manufacture 10% fewer iPhones this quarter Apple will reportedly manufacture 10% fewer iPhones this quarter

Sources say that Apple contacted suppliers last month, telling them to produce fewer iPhones for the current quarter. But if even "affordable" iPhone models like the XR are retailing for £749 / $749 (AU$1,229), with flagship models pushing into fou...

Government will issue tax refunds during shutdown Government will issue tax refunds during shutdown

But it is also the latest in a string of sudden shifts and legal reversals that have shown the White House reverse precedent in the face of public pressure. It could also slow down the time it takes for the IRS to process tax returns. This caught m...

China trade talks spill into third day China trade talks spill into third day

United States trade negotiators challenged their Chinese counterparts on a wide-ranging list of grievances during trade talks this week, according to an announcement from the office of the US Trade Representative (USTR) issued on Wednesday as the dis...

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