Markets

Markets BC adds 9900 jobs in August
Author: 0 BC adds 9900 jobs in August

Windsor's rate is now tenth highest among 34 larger Canadian cities. Analysts surveyed by Reuters had expected the economy to add 5,000 jobs in August and for the unemployment rate to increase to 5.9 percent. In Chatham-Kent, the unemployment rate dropped to 5.6 per cent. Employment in Alberta increased by 16,000, and the unemployment rate remained at 6.7% as more people participated in the labour market.

Author: 0 Petrol, diesel prices scale new highs

Petrol prices went up by 39 paisa per litre and Diesel prices saw an upward trend of 44 paisa per litre in Delhi. Mumbai has the highest tax rates among the metros. On Tuesday, former Finance Minister P Chidambaram had stated that the "Relentless rise in prices of petrol and diesel is not inevitable". Implication wise, the rise in diesel prices is expected to flare up the inflationary pressure as the fuel is primarily used to transport the majority of goods including agriculture products.

Markets CBS CEO Les Moonves Negotiating Exit With Network
Author: 0 CBS CEO Les Moonves Negotiating Exit With Network

The corporation appointed outside lawyers to investigate The New Yorker claims but 68-year-old Moonves has remained in his post. Sources close to the talks tell CNBC that the board "wants the rights to claw back some of the compensation if it's determined that sexual harassment allegations against Moonves are confirmed".

Markets Goldman Sachs CFO Calls Trading Desk Rumors
Author: 0 Goldman Sachs CFO Calls Trading Desk Rumors "Fake News"

The Business Insider report quoted unnamed sources as the basis of the information, giving evidence that the Wall Street firm had made a decision to do away with the previously hyped up trading desk. What are your thoughts on the latest from Goldman Sachs? They are developing OTC derivatives for Bitcoin. It might take many steps before a regulated bank could trade digital assets, a lot of them outside Goldman Sachs' control, sources had reportedly revealed.

Markets ScottishPower customers set to save most from price cap
Author: 0 ScottishPower customers set to save most from price cap

The planned cap will be confirmed in November and come into effect at the end of the year. "Once the price cap is in place, all households in Great Britain covered by the cap will be protected from being overcharged for their energy". The plans were warmly welcomed by consumer groups though Rachel Reeves MP, the Labour chair of the business and energy select committee, said a price cap was "long overdue".

Markets Ford recalls 2 million newer F-150 pickups for fire risk
Author: 0 Ford recalls 2 million newer F-150 pickups for fire risk

In a statement, the company said it is aware of 17 reports of smoke or fire in the US and six in Canada . There have been no reports of injuries as a result. and take action when it's time to get the free fix". The announcement comes about one month after the National Highway Traffic Safety Administration began investigating fires in the pickups, according to The Associated Press .

Markets Another $267B China tariffs ready to go after $200 already announced
Author: 0 Another $267B China tariffs ready to go after $200 already announced

In June, Trump imposed 25% tariffs on $50 billion worth of Chinese goods , mostly industrial machinery and intermediate electronics parts, including semiconductors. USA stocks erased gains after Trump's remarks, with the S&P 500 Index falling by 0.3 percent to the lowest in two weeks by 12:37 p.m.in NY. The tariffs would potentially hurt United States companies that import everything from handbags to bicycle tires.

Markets Burberry no longer to burn unsold goods, use real fur in collections
Author: 0 Burberry no longer to burn unsold goods, use real fur in collections

The British Fashion Council (BFC) made the announcement after asking the 80 designers featured in the program whether they will be showing real fur. On Thursday, the company said it would cease burning stock immediately. The practice ensured that unwanted items did not fall into the hands of counterfeiters.

Markets Student's fake poster hangs at McDonald's for months
Author: 0 Student's fake poster hangs at McDonald's for months

One mid-July night, accompanied by two other friends, Maravilla and Toledo put their plan in motion. "There was a Zumba class going on and I'm sure they were wondering what we were doing". After the incident McDonald's applauded the duo for their creativity. Jevh says he was anxious his parents would be cross but they were so amused they visited the restaurant and posed for photos with it.

Markets Barack Obama Rebukes Donald Trump Publicly For First Time
Author: 0 Barack Obama Rebukes Donald Trump Publicly For First Time

Obama, in making his first political speech with the midterms in mind, implored people to vote. "It didn't start with Donald Trump ". The speech, which can be viewed live below, is taking place at the University of IL at Urbana-Champaign, and is expected to have many Democratic Senators and Congressmen in attendance , including Senator Dick Durbin (D) of IL.

Markets With steepest hike in year today, petrol, diesel prices at record high
Author: 0 With steepest hike in year today, petrol, diesel prices at record high

In Mumbai, petrol was sold at Rs 86.91 at petrol pumps, while diesel costed vehicle owners Rs 75.96 per litre. In Bengaluru, the petrol is sold at Rs 82.60 and diesel at Rs 74.39. The weakening of the rupee against the U.S. dollar has contributed to the continually rising fuel prices. Finance Minister Arun Jaitley earlier this week remained non-committal on cutting excise duty to cushion spiralling petrol and diesel prices saying worldwide oil prices are volatile and have not shown ...

Markets Crypto market is crashing hard again, here's why
Author: 0 Crypto market is crashing hard again, here's why

Reporting from Business Insider claims Goldman has backed out of those plans. "In response to client interest in various digital products, we are exploring how best to serve them in the space", said the company via a statement . In the last 24 hours, the price of bitcoin fell close to 10% and the price of ethereum dropped 13%, according to data from CoinMarketCap . Panic selling from the downtrend has likely kicked off a downward spiral that could continue until BTC prices hit ...

Markets Trudeau draws lines as NAFTA talks resume
Author: 0 Trudeau draws lines as NAFTA talks resume

Trump and saying ... we haven't delivered a one-sided crushing defeat for Canada, what we've got is an agreement that is good for all parties", says Gordon Ritchie, a former Canadian ambassador for trade negotiations. The overall goal is to reach a deal by a December 1 deadline so Congress can give its approval to a new NAFTA before Mexico's new president takes office.

Markets United States trade deficit widens in July
Author: 0 United States trade deficit widens in July

The groups expressed concern at the Trump administration's suggestion that the United States might impose tariffs on all Chinese imports coming into the United States. Trade Representative Robert Lighthizer that proposed tariffs on $200 billion in Chinese goods will cause widespread damage across the U.S. economy. Besides the promise of retaliatory action, Gao said that China and the United States should resume negotiations to resolve their trade disputes.

Markets New Mercedes-Benz EQC electric SUV finally revealed…
Author: 0 New Mercedes-Benz EQC electric SUV finally revealed…

The EQC is set for global release around the middle of 2019, and although local timing has yet to be finalised, Mercedes Benz South Africa is aiming to introduce it in the fourth quarter of that year. The battery consists of 384 cells and is located in the vehicle floor, between the two axles. Mercedes-Benz has not yet announced what the vehicle will cost.

Markets More People Sickened In Salmonella Outbreak Linked To Popular Cereal — CDC
Author: 0 More People Sickened In Salmonella Outbreak Linked To Popular Cereal — CDC

And an FDA update is reminding consumers "not to eat" Honey Smacks. Do NOT eat. Do NOT buy - retailers cannot legally sell. Symptoms usually begin within a week after exposure to the bacteria. No deaths have been reported in this outbreak. According to the agency : "CDC estimates Salmonella causes about 1.2 million illnesses, 23,000 hospitalizations, and 450 deaths in the United States every year".

Markets British cave diver Vernon Unsworth to sue Elon Musk after new rant
Author: 0 British cave diver Vernon Unsworth to sue Elon Musk after new rant

But he called Unsworth a "pedo" in a tweet after the diver questioned the usefulness of a mini-submarine the tech entrepreneur had offered to help the rescue. Musk did not provide details to substantiate the allegations. "It isn't where you'd go for caves, but it is where you'd go for something else", Mr Musk wrote.

Markets JD.com Founder Richard Liu Has Been Accused of Rape, Report Says
Author: 0 JD.com Founder Richard Liu Has Been Accused of Rape, Report Says

The company also said in a statement on the social media site Sina Weibo on Sunday that Liu was falsely accused of sexual misconduct while in the USA on a business trip, and that police investigators found no misconduct. Liu, who was born to a peasant family in East China's Jiangsu province, become one of China's richest men by establishing his e-commerce giant JD.com, which is listed in the USA with a market value of around $43 billion.

Markets Toyota recalls 7,200 Prius vehicles in Canada over fire risk
Author: 0 Toyota recalls 7,200 Prius vehicles in Canada over fire risk

Another 192,000 models will also need to be called back in the USA, though it is only Prius versions in North America that are impacted. The company said the affected model was manufactured in 2016, 2017 and 2018. "If sufficient heat is generated, there is an increased risk of a vehicle fire", a company representative said. The affected models include Prius, Prius PHV and C-HR.

Markets Amazon India launches Hindi website, steps up battle with Flipkart
Author: 0 Amazon India launches Hindi website, steps up battle with Flipkart

Hindi is the most popular language in India and the "mother tongue" of roughly 530 million people, according to the country's census. That's almost 44% of total India's population. According to a 2017 report by KPMG and Google, users of Indian languages are expected to reach 536 million by 2021, while English users will be around 199 million.

Author: 0 Student poster prank in Texas McDonald's goes unnoticed for nearly two months

Jevh Maravilla, who has Filipino heritage, made a decision to replace the faces of the models on the walls of the fast food chain with his own. YouTuber Jev "Jevholution" Maravilla pulled off a convincing prank in a McDonald's, where he created a promotional poster of his own design and installed it without the staff noticing .

Markets The South African economy is mouldy toast
Author: 0 The South African economy is mouldy toast

A technical recession is two consecutive quarters of negative growth. StatsSA said agriculture was hit by a fall in field crops, drought in the Western Cape and severe hailstorms in Mpumalanga province that damaged production. Massive declines in the agricultural, transport and retail sectors have dragged the South African economy into recession after almost a decade of growth.

Markets Oil Climbs as Market Eyes Iran Supply Risks
Author: 0 Oil Climbs as Market Eyes Iran Supply Risks

International Brent crude oil futures was at $77.43 per barrel, a 0.3 % drop from its last close and West Texas Intermediate crude futures also fell to $69.62 per barrel, down by 0.3 %. Reuters reported that according to their survey, OPEC production is up by 220,000 barrels per day in August, which is the biggest increase since the Vienna accord to cut production by 1.76 million barrels per day.

Author: 0 South Africa in Recession After Land Threat: 'Shocking Drop in Agriculture'

Despite the prediction of analysts that the economy would grow 0.6 percent in the latest quarter, the rand instead stretched losses against the dollar to more than 2 percent while government bonds fell. "Ramaphosa's administration has been doing the right things and making the appropriate adjustments, but it will take time to be felt in the economy".