Markets

Johnson to press ahead with Brexit Bill despite MPs' rebuff

Johnson to press ahead with Brexit Bill despite MPs' rebuff The vote on the deal itself was called off until next week after MPs passed an amendment that withholds any approval for the deal until legislation to implement it has been approved as well. DUP Brexit spokesman Sammy Wilson said they supported the so-called Letwin amendment "as the only avenue available to properly scrutinise the deal on offer and attempt to secure changes that could address some... [Full Article...]

Qantas completes test of longest non-stop passenger flight

Qantas completes test of longest non-stop passenger flight The longest commercial air route in the world is now a connection between NY and Singapore launched in 2018 by Singapore Airlines, which lasts 18H30 according to the site of the company. "Here's the most well-known of three take a look at flights that goes to return up with suggestions about how we prepare pilot fatigue (and) how we in fact prepare passenger jetlag", he informed journalists after ... [Full Article...]

International Monetary Fund will stand by Argentina during crisis - Georgieva

International Monetary Fund will stand by Argentina during crisis - Georgieva Georgieva, speaking with reporters at the IMF/World Bank annual meetings, also called for countries to work together to reform the global trade system, to ensure a more peaceful and prosperous world in the future. After December, the court will have only one judge. International Monetary Fund and World Bank officials said both the U.S. He said the World Bank was committed to helping to address... [Full Article...]

Thousands Stage Illegal Hong Kong March; Shops, Metro Stations Trashed

Thousands Stage Illegal Hong Kong March; Shops, Metro Stations Trashed HKMap's developers, however, said there hasn't been any evidence to suggest their app had been used to target police and undermine public safety. Police had beefed up security measures for the unauthorised rally, the latest in the 5-month-old unrest rocking the semi-autonomous Chinese city. [Full Article...]

Chick-fil-A to close first United Kingdom location as LGBT groups protest

Chick-fil-A to close first United Kingdom location as LGBT groups protest Unmoved by such defences, The Oracle has now confirmed that while it "always look [s] to introduce new concepts for our customers... we have decided on this occasion that the right thing to do is to only allow Chick-Fil-A to trade with us for the initial six-month pilot period, and not to extend the lease any further". [Full Article...]

Pound goes on rollercoaster ride after Brexit draft deal

Pound goes on rollercoaster ride after Brexit draft deal In volatile deals, the pound had dived earlier after Johnson's allies in Northern Ireland's Democratic Unionist Party (DUP) pre-emptively rejected the compromise deal. Hopes of a Brexit breakthrough took the pan-European STOXX 600 .STOXX to its highest close since May 2018 on Tuesday, but the index closed down 0.1%. [Full Article...]

Environmental groups warn banks over Saudi Aramco

Environmental groups warn banks over Saudi Aramco So now the firm was hoping to reassure nervous investors by publishing positive results covering that tricky period. However, they have also expressed doubt over the company's valuation. The company is planning to float a 1% to 2% stake in the Tadawul market before the worldwide listing. Last year, Aramco delayed the IPO after more than two years of preparations as global investors balked at the... [Full Article...]

Volvo steps toward climate neutral goals with 249-mile electric XC40

Volvo steps toward climate neutral goals with 249-mile electric XC40 The 2021 XC40 Recharge also will mark the debut of Volvo's newest infotainment system, which is based on Android infrastructure-a first for the automaker. During that time, the automaker also aims to reduce its carbon footprint by 40% per vehicle. An important component of the project is the aforementioned 50 per cent share of electric cars by 2025. [Full Article...]

DUP's Foster: EU sources are talking nonsense, discussions continue

DUP's Foster: EU sources are talking nonsense, discussions continue Thursday, October 17-Friday, October 18: EU leaders including Mr Varadkar and Mr Johnson will attend the latest Brussels EU summit. However, Tusk said in comments broadcast by Polish broadcaster TVN 24 that "certain doubts have appeared from the British side", a reference to Johnson's need to win over politicians who fear he may have conceded too much. [Full Article...]

Trump administration intensifies Syria damage-control efforts

Trump administration intensifies Syria damage-control efforts The US has repeatedly denied this, and on Monday Washington announced sanctions on Turkish ministries and senior government officials . Mr Erdogan told reporters he had "no problem" with visiting Russian Federation. French Foreign Minister Jean-Yves Le Drian said Wednesday that the camps were not "currently" under threat from the operation, but Europe has taken an increasingly tough line with... [Full Article...]

China imports, exports down in September as growth cools

China imports, exports down in September as growth cools China promised to increase US agricultural purchases in a partial US-China deal announced on Friday, which also includes protections for intellectual property and opening up financial markets. Farmers have suffered during the trade dispute, as many struggled to sell crops with China unavailable as a buyer. China has become increasingly wary of any statements from Trump. [Full Article...]

International Monetary Fund cuts 2019 global growth estimate to 3%

International Monetary Fund cuts 2019 global growth estimate to 3% The world economy is projected to grow only 3 per cent this year and 3.4 per cent next year amid a "synchronised slowdown", according to the WEO. WEO said India's growth in 2019 is sharply lower than the 6.8 per cent in 2018 "for idiosyncratic reasons, but is expected to recover in 2020". [Full Article...]

Porsche Taycan 4S: Lower-priced version might offer longest range

Porsche Taycan 4S: Lower-priced version might offer longest range Customers who settle for the regular battery pack have 429 horsepower and 472 pound-feet of torque at their disposal, though the hp figure grows to 522 with launch control engaged. Dynamic LED lights remain standard fitment. As with the Taycan Turbo S and Taycan Turbo, the Taycan 4S can be specified with an entirely leather-free interior, with upholstery made of recyclable material. [Full Article...]

Chicken recall over listeria concerns hits some NY stores

Chicken recall over listeria concerns hits some NY stores The products were also sold at Kroger, Aldi and Food Lion stores. The frozen cooked, diced or shredded, RTE chicken products were produced between January 21 and September 24. They were shipped to stores nationwide in the United States and Canada. A full list of locations can be found here and a list of affected products can be seen here . [Full Article...]

UAW members say no clear commitment shown by GM towards job security

UAW members say no clear commitment shown by GM towards job security They are also demanding changes to the use of temporary workers, bringing jobs back from Mexico, and the union's demand that GM keep open plants that have been scheduled for closure. Analysts have estimated lost production has cost the carmaker at least $1 billion of lost profit, and its credit ratings may be at risk. Sandefur replied in a letter that GM had expected the union's proposal on Thur... [Full Article...]

Johnson & Johnson Must Pay $8 Billion Over Drug Side Effect: Jury

Johnson & Johnson Must Pay $8 Billion Over Drug Side Effect: Jury Reuters cited a legal expert who said he expected punitive damages to be lowered considerably following any appeal, although he noted that the verdict was about sending a message to J&J. A jury in 2015 awarded Mr Murray $1.75m after finding the company was negligent in failing to warn consumers of the risks. Risperdal, accredited for the remedy of adults by the US Meals and Drug Administration ... [Full Article...]

China slams new iPhone app that can document Hong Kong police movements

China slams new iPhone app that can document Hong Kong police movements Mrs Lam said Beijing wanted Hong Kong to solve its own problems, but under its mini-Constitution, known as the Basic Law, Hong Kong could ask Beijing for help. Social media users claimed at least three designs based on the Hong Kong protests had been removed from the competition. A pedestrian walks a dog during a protest in Admiralty, Oct. [Full Article...]

United States open to 'short term' China trade deal: Kudlow

United States open to 'short term' China trade deal: Kudlow The barometer oscillated between the day's high of 37,919.47 and the low of 37,480.53. Spot gold dropped 0.9% to $1,491.56 an ounce. As many as 32 of Nifty components declined. Thermo Fisher fell 6% and Boston Scientific fell 6.1%. "We reflect there would possibly perhaps be a likelihood we would also stop something very tall", Trump stated, referring to minister-stage talks scheduled for ... [Full Article...]

Trump ally: United States pullout from Syria will put Israel at risk

Trump ally: United States pullout from Syria will put Israel at risk However, Ankara is dissatisfied for delays in withdrawing the People's Protection Units (YPG), which it sees as the Syrian branch of the outlawed Kurdistan Workers' Party ( PKK ), while the United States continues arms support to the Kurdish fighters. [Full Article...]

HSBC planning to cut up to 10000 jobs, Financial Times reports

HSBC planning to cut up to 10000 jobs, Financial Times reports Quinn stepped into the interim CEO role when John Flint stepped down as Group Chief Executive and as a Director by mutual agreement with the Board, according to a previous report. HSBC Holdings Plc joins the ranks of other big-name firms that are cracking under a global economic pressure, affecting some 10,000 employees of the banking giant who may end up jobless anytime soon. [Full Article...]


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