Money


Global oil supply to swamp demand in 2019 despite output cuts - IEA Global oil supply to swamp demand in 2019 despite output cuts - IEA
- February 14, 2019

Analysts said markets are tightening amid voluntary production cuts led by the Organization of the Petroleum Exporting Countries ( OPEC ) and because of US sanctions on Venezuela and Iran. United States oil supplies dropped by almost 1M barrels last week, API reported. The March production figure means Saudi would be voluntarily cutting output by more than 500,000 bpd below its pledged production level under a deal between the Organization of the Petroleum Exporting Countries and allies ... (more...)
Lufthansa Sues Passenger Who Deliberately Missed Flight Lufthansa Sues Passenger Who Deliberately Missed Flight
- February 14, 2019

It can be a sneaky way to save money on fares, with direct flights sometimes costing more than stopover journeys. The passenger books the longer, cheaper flight, disembarks at the destination city, and deliberately misses the connecting flight to the different city. (more...)
Apple iPhone sales in China plunged 20% in 4Q Apple iPhone sales in China plunged 20% in 4Q
- February 14, 2019

But that didn't last long. The top-of-the-range iPhone XS Max costs $11,449, so the new iPhones are really expensive even for developed countries. Xiaomi Corp. "At the same time, under the impact of China's severe macro environment and domestic brand innovation products, consumers' increasingly harsh eyes are also the reasons for Apple's continued decline in the domestic market". (more...)
Reddit Raises $300 Million In New Funding Round Led By Tencent 02/13/2019 Reddit Raises $300 Million In New Funding Round Led By Tencent 02/13/2019
- February 14, 2019

Barring the latest funding, San Francisco, California-based Reddit has raised more than $250 million in three other funding rounds. Ironically, Reddit has been blocked in China since August (as is Google and Facebook , part of the country's "Great Firewall" of censorship). (more...)
Lawyers leading defense of Nissan ex-chairman Ghosn resign Lawyers leading defense of Nissan ex-chairman Ghosn resign
- February 14, 2019

It was unclear why Ohtsuru was no longer representing Ghosn or if Ghosn had dismissed him. Ghosn was arrested last November over allegations of financial misconduct, and was subsequently removed from his positions as chairman and representative director at Nissan . (more...)
Theresa May asks MPs for more time on Brexit Theresa May asks MPs for more time on Brexit
- February 13, 2019

May told MPs on Tuesday. "We now all need to hold our nerve to get the changes this House requires and deliver Brexit on time". After MPs voted to seek "alternative arrangements" to the controversial Irish backstop , an insurance policy to avoid a hard border on the island of Ireland , the United Kingdom is seeking either a legally binding time limit to the backstop or a legally binding unilateral exit clause. (more...)
Oil gets a boost from Saudi output pledge, declining USA inventories Oil gets a boost from Saudi output pledge, declining USA inventories
- February 13, 2019

The OPEC, which Saudi Arabia de-facto leads as the world's top crude oil exporter, said on Tuesday that it had cut its output by nearly 800,000 bpd in January to 30.81 million bpd. OPEC pumped about 30.8 million barrels a day in January, just above the 30.7 million required on average in 2019. "Oil prices have not increased alarmingly because the market is still working off the surpluses built up in the second half of 2018", the IEA said. (more...)
Retail inflation softens to 19-month low of 2.05% in January
- February 13, 2019

Please refresh the page for the fullest version. Separate official data showed growth in industrial production - determined by Index of Industrial Production (IIP) - picked up to 2.4 per cent in December. The prices of vegetables declined 13.32% while prices of sugar and confectionery dropped 8.16%. The RBI , which in its sixth bi-monthly monetary policy statement on February 7 cut policy rate by 25 basis points, had revised down its inflation projections citing low food inflation due to ... (more...)
Tesla will roll out 'Dog Mode' to protect pets Tesla will roll out 'Dog Mode' to protect pets
- February 13, 2019

The users of Tesla cars such as Model S and other will be ensured by the Sentry mode update feature that their vehicle will not become a victim to vandalism. There are still some few details missing for the public to fully understand the mode as they only know that it will reduce the chances of dogs and other animals dying to heat stroke when left unattended inside a auto. (more...)
Allegiant Air offers new flight from Huntington, W.Va. to Destin, Florida Allegiant Air offers new flight from Huntington, W.Va. to Destin, Florida
- February 13, 2019

Allegiant announced Tuesday a new nonstop flight from Cleveland Hopkins International Airport to Nashville International Airport. Allegiant Air will soon offer a new flight to the Florida Panhandle. The airline also offers flights to and from Las Vegas, Los Angeles and Phoenix. "We're sure folks in all six of these communities will take advantage of these convenient, ultra-low-cost, nonstop flights to enjoy Music City". (more...)
Mitsubishi ASX unveiled before debut in Geneva Mitsubishi ASX unveiled before debut in Geneva
- February 13, 2019

Considering the ASX is also sold in the United States as the Outlander Sport , what you see here will land in the USA later this year, according to a quick chat with a Mitsubishi spokesperson. Outlander Sport buyers get LED rear combination lamps, except turn signals, that stretch across the entire rear of the vehicle. Mitsubishi has previewed the refreshed 2020 Outlander Sport , due to make its global debut next month in Geneva. (more...)
Man accepts lottery jackpot in 'Scream' mask Man accepts lottery jackpot in 'Scream' mask
- February 12, 2019

Not an inch of Mr. Campbell was exposed - donned in a full coat, long trousers and gloves in an effort to completely hide his identity. Campbell reportedly purchased the ticket for $200 in Jamaican money, and took 54 days to claim the winning ticket. (more...)
Donut Fries: McDonald's adding donut sticks to restaurant menus nationwide Donut Fries: McDonald's adding donut sticks to restaurant menus nationwide
- February 12, 2019

McDonald's is expanding its ever-growing breakfast menu to include one sweet new item. Get push notifications with news, features and more. They're also sprinkled with cinnamon sugar for a crunchy outside and a soft, doughy inside. The chain tested them in select IL restaurants in 2018 to get the flawless texture. "It was critical that we perfected them before we brought them to our customers nationwide", VanGosen wrote in her statement. (more...)
Tesla knifed Model 3 prices for the second time this year Tesla knifed Model 3 prices for the second time this year
- February 12, 2019

Higher production needed to make cheaper models profitable to make Musk has noted that higher production is needed of the cheaper Model 3s. To be exact, Tesla informed buyers on the continent that they can pick up their Model 3 in Zeebrugge in Belgium or Tilburg in the Netherlands. (more...)
Ethics Commissioner launches investigation into SNC-Lavalin case Ethics Commissioner launches investigation into SNC-Lavalin case
- February 12, 2019

Trudeau says Wilson-Raybould reminded him of a conversation they had last fall, in which he says he told her it was entirely up to her as attorney general to decide whether to instruct the director of public prosecutions to negotiate a remediation agreement with SNC-Lavalin over its dealings in Libya, thereby avoiding a criminal trial. (more...)
Activision Blizzard, Inc. (ATVI) Has Over 37.96% Upside Potential Activision Blizzard, Inc. (ATVI) Has Over 37.96% Upside Potential
- February 12, 2019

In 2018, Blizzard was focused on cost-cutting and employees were instructed to cut budgets, according to Kotaku on Saturday, Feb. 9. Net profit margin of the company is seen at 8.10%. Ipswich Investment Management Co. During the trading session, a total of 44.62 million shares were traded which represents a -272.18% decline from the average session volume which is 11.99M shares. (more...)
Delta and Coca-Cola apologize for napkins some passengers call Delta and Coca-Cola apologize for napkins some passengers call "creepy"
- February 11, 2019

Orange Vanilla beat out three other flavors when put into consideration for a new launch, rising ahead of raspberry, lemon, and ginger thanks to its combination of orange and vanilla, which was an effort to evoke memories of childhood. People famously revolted when the company changed the Coca-Cola recipe in 1985 and introduced New Coke. Other flavors in the Coke Zero Sugar line include Coca-Cola Cherry Zero Sugar, Coca-Cola Vanilla Zero Sugar, and Caffeine-Free Coke Zero Sugar. (more...)
James Brokenshire says Commons will have chance to block no-deal Brexit James Brokenshire says Commons will have chance to block no-deal Brexit
- February 11, 2019

If May succeeds in winning changes to her Brexit deal in the next few days she could bring it back for a debate and vote before February 14, and this more general debate would not go ahead. "We have to keep it together, because in the end, any chance of effective opposition goes if an opposition party starts to lose members from their team". (more...)
Western Alberta unemployment rate drops to 4.8 per cent Western Alberta unemployment rate drops to 4.8 per cent
- February 11, 2019

The statistics show that Camrose-Drumheller has the highest unemployment rate of all the economic regions in the province. The Alberta rate rose from 6.4 per cent in December to 6.8 last month after almost 16,000 jobs were lost. In December of previous year, the unemployment rate was listed at 4.5%. "In January, the number of employees increased by 112,000 in the private sector, while it was little changed in the public sector for the third consecutive month". (more...)
$145M Locked Away After Crypto Exchange Boss Mysteriously Dies $145M Locked Away After Crypto Exchange Boss Mysteriously Dies
- February 10, 2019

Canadian broadcaster CBC has also reported that the court appointed a lawyer to take custody of the encrypted laptop said to have been used by the exchange's founder and CEO Gerald Cotten . She said Mr Cotten died from complications linked to the disease, which disrupts digestion by causing inflammation of the bowels. According to Fortis Escorts Hospital, Cotten succumbed to a heart attack on December 9 past year. (more...)

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