Economy

by | October 17, 2018 | 06:26

YouTube says it is working on fixing the problem. Just before 9:30 p.m. ET, YouTube users began reporting the site's outage, and the company confirmed the news at 9:41 p.m. YouTube's search functions continued to function on the web and mobile app - however, the videos were not playable from the results screen. Representatives for YouTube and Google did not immediately respond to a request for more information.

by | October 16, 2018 | 21:54

If until now he has not ordered attacks against any other country it is because he is not sure of the consequences. This news comes amid mounting worldwide demands that Saudi Arabia explain the shocking disappearance, after Turkish officials accused the Saudis of assassinating Khashoggi , dismembering him and smuggling his body parts out of the consulate.

by | October 16, 2018 | 19:50

More than two months ago Powerball hit for the last time when New Yorker Nandlall Mangal was the sole victor of $245.6 million, lottery officials said. At $667 million, someone holding a lone winning ticket would have the option of taking a cash payout of $380 million, according to the game's website.

by | October 15, 2018 | 21:26

In the last two years alone, the company has closed more than 725 Sears and Kmart stores. Sears joins a growing list of retailers that have filed for bankruptcy or liquidated in the last few years amid a fiercely competitive climate. Its debt to Pension Benefit Guaranty Corp, a USA government agency overseeing the retirement benefits of former Sears workers, was not disclosed in the bankruptcy filing .

by | October 15, 2018 | 18:27

The largest USA toy retailer, Toys "R" Us , tried to emerge from its 2017 bankruptcy filing but was forced to liquidate six months later after creditors lost confidence in its turnaround plan. "The problem in Sears case is that it is a poor retailer", he wrote. Sears' stock has fallen from about 6 United States dollars over the past year to below the minimum 1 USA dollar level that Nasdaq stocks are required to trade in order to remain on the stock index.

by | October 15, 2018 | 08:59

This data was reported by Reuters recently, highlighting tracking shipments and tanker tracking data. Iranian oil industry has been under pressure from the US efforts to isolate the country by reimposing sanctions. The Trump administration is considering waivers on sanctions for countries that are reducing their imports. India, Iran's top oil client after China, was one of the few nations that continued to trade with the Middle Eastern country when sanctions were previously in force.

by | October 15, 2018 | 08:23

The S&P 500 is up 93.52 points, or 3.5 percent. All 11 sectors in the S&P 500 are lower, with banks and energy stocks the hardest hit. USA stocks are falling again a day after their biggest drop since February. The Nasdaq composite rose 15 points, or 0.2 percent, to 7,436. The market sell-off being witnessed in the USA is spreading to Europe, with the FTSE 100 is trading in correction territory, 10% below its recent high, extending losses to an 8-month low.

by | October 15, 2018 | 08:14

Still, the IEA report is the latest government assessment to predict weaker demand ahead and conclude that supply is adequate. Emerging economies are grappling not only with higher energy prices, but they are also seeing their currencies depreciate against the USA dollar, which increases the threat of economic growth slowing down, the IEA said.

by | October 15, 2018 | 02:13

The jackpot has grown since July, the last time a winning ticket was sold. The Tuesday drawing marked the 22nd consecutive one where nobody matched all six numbers drawn, according to the lottery website. Tickets are sold at retail outlets or online , and cut-off 59 minutes before the drawing. Not bad for a couple of $2 tickets. Mega Millions officials say no tickets matched all six numbers to claim the estimated $548 million grand prize.

by | October 13, 2018 | 12:25

Hackers stole neither personal messages nor financial data and did not use their access to accounts users' accounts on other websites , the company said. The company believes its initial estimate of 50 million compromised login tokens - it reset 90 million in total as a cautionary measure - was generous, and Facebook now believes the number of accounts impacted to be closer to 30 million .

by | October 13, 2018 | 12:02

He and his group met during the world's first commercial flight of the Airbus A380 double-decker plane operated by the airline in 2007 and discovered that everyone had a passion for flying. "My cousin said 'hey, this is in the press.' I'm going to take pictures and show her", she said. "It's turning out to be a race between a few airlines eyeing the longest routes inter-continentally", said Shukor Yusof of aviation consultancy Endau Analytics.

by | October 13, 2018 | 10:01

The rupee was trading at 124.3 at close of business Monday, before the announcement was made. What are the risks to global growth? "It will be detrimental on both accounts for all participants", Lagarde told a news conference. Trump's trade barriers will hit households, businesses and the wider economy, and is beginning to do so now. The PBOC did not immediately respond to Reuters' request for comment on Yi's remarks.

by | October 13, 2018 | 05:28

Beijing's exports to the United States have at least temporarily defied forecasts they would weaken after being hit by punitive US tariffs of up to 25 per cent. The president and Vice President Mike Pence in recent weeks have also accused Beijing of trying to meddle in November's midterm elections to hurt Trump because he is putting pressure on China over trade.

by | October 11, 2018 | 06:44

He also called on the company to sell off $3.25 billion in real estate and assets. Sears, meanwhile, continues to evaluate other options that could still avert a trip to Bankruptcy Court. In January, it had announced plans to shut down 39 other stores. The Wall Street Journal quoted sources saying Lampert wants to restructure and is anxious that a bankruptcy filing will lead to a liquidation, which has happened with so many retailers, the most recent being Toys R Us .

by | October 11, 2018 | 05:26

When all the dust settled after a brutal session, the Dow Jones Industrial Average had lost 3.2 per cent or 830 points to finish at 25,498.74, in the biggest fall since February. U.S. stocks notched solid gains in the third quarter as investors brushed aside worries about trade wars and focused on strong corporate earnings and solid United States economic data.

by | October 11, 2018 | 04:01

The kingdom has called the allegations " baseless ", but has not provided any evidence that Khashoggi left the consulate and did not respond to requests for comment Wednesday. Jamal Khashoggi is one of the Arab world's most prominent journalists and commentators. According to the Washington Post , Khashoggi went to the consulate for "what should have been routine paperwork", yet his fiance who waited for him outside claims he did not leave the building, despite Saudi Arabia's claims that ...

by | October 09, 2018 | 02:38

The Nasdaq composite fell 105 points, or 1.3 percent, to 7,774. The S&P index recorded 8 new 52-week highs and seven new lows, while the Nasdaq recorded 9 new highs and 45 new lows. Seven of the 11 S&P sectors were higher, with the defensive utilities sector up 0.79 percent. The S&P 500 index lost 16.04 points, or 0.6 percent, to 2,885.57.

by | October 09, 2018 | 02:26

Facebook was not immediately available for comment. And if you see a secondary profile, Facebook allows you report it to the social network through the "Report" button on the top left. Officials are instructing Facebook users to simply ignore the message and do not spread share it with your Facebook friends as it will only make matters continue.

by | October 09, 2018 | 01:03

India's oil and natural gas minister, Dharmendra Pradhan, confirmed Monday that two Indian oil companies would be buying Iranian crude in November. On Monday, Iran's Oil Minister Bijan Zanganeh said a claim by Saudi Crown Prince Mohammed bin Salman that the Kingdom could replace Iran's crude exports was "nonsense".

by | October 09, 2018 | 00:42

But he's optimistic that the United States will come around. Previous year it was awarded to the behavioural economist Richard Thaler, who won for his work on nudge theory, the idea that small "nudges" can influence our economic and social behaviour, and his work around humans being irrational economic actors.

by | October 08, 2018 | 01:18

Year-over-year, employment is up by 220,000 jobs or 1.2 per cent. "Canadian employment surged 63K in September according to the Labour Force Survey, above consensus which was looking for a 25K print". "The monthly gyrations in Canadian jobs data can make it tough to draw many firm conclusions on the true health of the economy, but the underlying picture looks reasonably solid", said BMO Financial Group chief economist Douglas Porter.

by | October 08, 2018 | 00:35

The Labor Department said Friday that employers added a total of 134,000 jobs last month. Still, it extended an extraordinary 8½-year streak of monthly job growth, the longest on record. The FOMC will continue to gradually raise the fed funds rate in 2019 as the job market continues to tighten. Gold prices were modestly higher ahead of the report and have managed to hold on to gains as the market sees little movement in initial reaction.

by | October 07, 2018 | 03:01

According to a survey of job postings, starting pay for such workers can be as low as $10 an hour or as high as $14. However, criticism mounted for the company later in the week when it was revealed that Amazon employees would lose valuable stocks and bonuses as part of the wage increase, according to The Guardian.

by | October 07, 2018 | 02:15

Prime Minister Justin Trudeau hailed the landmark agreement as a victory and U.S. President Donald Trump did a victory lap at the White House as industries across Canada took stock of the new era in continental trade. More than two-thirds of Canadian exports go to the United States, equivalent to 20 percent of its Gross Domestic Product, while Canada is the largest export market for the United States.

by | October 07, 2018 | 01:46

A 1:16 p.m. California time , Mr. Musk's Twitter account tweeted , "Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work". His tweet came hours after a federal judge ordered him and the regulator to justify their settlement. Tesla's total deliveries for the third quarter easily topped Wall Street's expectations this week, but a coming quarterly earnings report and CEO Elon Musk's departure as board chairman have analysts turning their ...

by | October 07, 2018 | 00:49

Prime Minister Theresa May will urge her fractured Conservative Party to unite behind "decent, moderate and patriotic" policies, a day after her rival Boris Johnson challenged her authority with a crowd-pleasing speech of his own. And is comfortable with modern Britain in all its diversity. I was out in Liverpool last week, talked to more than 80 people. Once past Brexit Day, May is not likely to last long.

by | October 07, 2018 | 00:27

The decision was taken during a closed-door meeting between the Prime Minister Narendra Modi, Jaitley and petroleum minister Dharmendra Pradhan. BJP chief Amit Shah was closeted with three senior ministers on Wednesday and discussed the need for cutting fuel prices , sources said .

by | October 05, 2018 | 04:08

The state of Karnataka, who earlier slashed fuel prices by Rs 2, will not be announcing any more cuts. After the minister's announcement, Jharkhand, Gujarat, Chhattisgarh and Maharashtra too announced a reduction in fuel prices. The fuel price cut decision is only the latest in India's government efforts to cushion the blow from rising oil prices. Petrol prices were Thursday hiked by 15 paise a litre and diesel by 20 paise, according to price notification of state-owned oil firms.

by | October 05, 2018 | 02:47

Prime Minister Justin Trudeau says he has assured dairy farmers they will be compensated for their expected losses under the new United States-Mexico-Canada trade agreement. The United States pressured Canada and Mexico to raise the dollar amount that shipments must reach before they become subject to import duties. "We ended up in a good place that we ultimately think is a good deal for all three countries".

by | October 03, 2018 | 16:42

Global benchmark Brent crude oil futures LCOc1 were at $85.28 per barrel, up 30 cents, or 0.4 percent, from their last close. According to EIA, weekly estimate of the US oil production increased by 100,000 barrels per day at 11.1 million barrels per day.

by | October 03, 2018 | 08:29

More recently, Sen. Bernie Sanders , I-Vt., has lashed out at Amazon, saying the company does not pay a "living wage" and leaves some dependent on safety-net programs such as food stamps and Medicaid. Jay Carney , Senior Vice President of Amazon Global Corporate Affairs, explained "We will be working to gain Congressional support for an increase in the federal minimum wage".

by | October 02, 2018 | 17:44

Canadian Prime Minister Justin Trudeau faces anger from dairy farmers but told journalists Monday that the deal overall would be "profoundly beneficial for our economy" and "the most important progressive reform for North American workers in a generation".

by | October 02, 2018 | 16:36

Inc. on Tuesday said it was raising the minimum wage it pays all USA workers to $15 an hour, a move that comes as the company faced increased criticism about pay and benefits for its warehouse workers. The new wage will apply to full-time, part-time, seasonal and temporary workers. The new minimum wage for Amazon workers far exceeds the $7.25 federal minimum pay; Amazon says it will set the mark for more than 250,000 current employees, as well as more than 100,000 seasonal employees it plans ...

by | October 02, 2018 | 04:44

The US and Canada on Sunday sealed the deal on the US-Mexico-Canada Agreement, the first major update of the 25-year-old North American Free Trade Agreement. If NAFTA is indeed replaced by the new agreement, which unfortunately is completely unpronounceable as an acronym, it is unlikely that there will be large and dramatic changes to North American trade.

by | October 01, 2018 | 23:27

Second, they have reset the access tokens of the nearly 50 million accounts we know were affected to protect their security. According to the social networking firm, attackers exploited three vulnerabilities in Facebook's code related to the " View As " feature that lets people see what their own profile looks like to someone else.