Money


Turkey Offshore Lira Rates Plunge Turkey Offshore Lira Rates Plunge
- March 29, 2019

U.S. officials have warned Turkey could face possible sanctions and a block on its participation in the US-made F-35 fighter jet programme because of the Russian deal. The United States and other North Atlantic Treaty Organisation allies who own F-35 fighter jets fear the radar on the Russian S-400 missile system will learn how to spot and track the F-35, making it less able to evade Russian weapons in the future. (more...)
US January trade deficit down 14% to $51 billion US January trade deficit down 14% to $51 billion
- March 29, 2019

U.S. trade deficit dropped more than expected in January as China boosted purchases of soybeans, leading to a rebound in exports after three straight monthly declines. "Trade subtracted an average of 0.3 percentage points per quarter from growth past year because domestic supply could not keep up with demand pumped up by the tax cuts, but that kick is now fading", he said. (more...)
Huawei's reputation receives another damaging blow from United Kingdom security report Huawei's reputation receives another damaging blow from United Kingdom security report
- March 29, 2019

The report comes at a times when the U.K.is preparing to roll out 5G mobile networks . Only "limited assurance" could be provided that security and technical risks posed by Huawei products to critical networks could be mitigated in the long-term. (more...)
Grindr's Chinese ownership a national security risk, U.S. government reportedly says Grindr's Chinese ownership a national security risk, U.S. government reportedly says
- March 29, 2019

The news organization cites two unnamed sources in its article, which doesn't mention what concerns CFIUS specifically has about the company. The world's most popular gay dating app Grindr has been caught up in the growing US-China tech rivalry, with the Chinese owners of the app reportedly being pushed by US regulators to divest it over national security concerns. (more...)
RBNZ says next move is likely a rate cut, kiwi dollar falls RBNZ says next move is likely a rate cut, kiwi dollar falls
- March 29, 2019

It cited a weaker global economic outlook and recent strength in the New Zealand dollar as two factors behind the change in policy stance. During its monetary policy meeting, the central bank said, "the more likely direction of our next OCR move is down". (more...)
Lyft valued at $24.3 billion in first ride-hailing IPO Lyft valued at $24.3 billion in first ride-hailing IPO
- March 29, 2019

At the midpoint of the target range, Lyft would raise about $2.1 billion. It also indicates many investors are willing to overlook uncertainty over Lyft's path to profitability and its strategy for autonomous driving, for fear of missing out on such a high-profile tech IPO. (more...)
EU lays out 5G strategy, sidestepping U.S. calls to ban Huawei EU lays out 5G strategy, sidestepping U.S. calls to ban Huawei
- March 29, 2019

U.S. Secretary of State Mike Pompeo has said that the presence of Huawei or other Chinese vendors in a country's network could mean that the Chinese regime could have access to sensitive data that would be detrimental to the United States and its allies. (more...)
Ocado share price rallies as group inks deal with Australia’s Coles Ocado share price rallies as group inks deal with Australia’s Coles
- March 28, 2019

Mere weeks after announcing its game-changing move of selling through eBay , Coles Online has entered into an agreement with Ocado , a British online supermarket that has the tech Coles needs to make its online delivery offering truly competitive in the Australian landscape. (more...)
Wow Air Has Cancelled All Of Its Flights This Morning Wow Air Has Cancelled All Of Its Flights This Morning
- March 28, 2019

A number of airlines have run into financial trouble recently, with factors such as higher fuel bills and excess capacity in the sector contributing to their problems. Since then, the airline had suspended several destinations , cut its fleet in half, and reduced its workforce . A report by a governmental work group has warned that a WOW Air bankruptcy would lead to a drop in Iceland's gross domestic product, a drop in the value of the krona and rising inflation. (more...)
Amid concerns of United States recession, Oil prices drop globally Amid concerns of United States recession, Oil prices drop globally
- March 28, 2019

Despite the decrease in the oil rig count and Thursday's Brent price peak of 2019, oil slumped on the global market on Friday, with worldwide benchmark Brent crude closing at $66.86 per barrel while American benchmark West Texas Intermediate finished the day at $59.98 a barrel. (more...)
2018 spike in energy demand spells climate trouble: IEA 2018 spike in energy demand spells climate trouble: IEA
- March 28, 2019

Global oil demand growth slowed down in 2018 as higher oil prices partially offset robust economic activity around the world. "But despite major growth in renewables , global emissions are still rising, demonstrating once again that more urgent action is needed on all fronts - developing all clean energy solutions, curbing emissions, improving efficiency, and spurring investments and innovation, including in carbon capture, utilization and storage". (more...)
Apple blocks person-to-person credit card payments without Apple Card Apple blocks person-to-person credit card payments without Apple Card
- March 28, 2019

While Apple services generally force users to operate within Apple-manufactured hardware, one notable thing about Apple TV + is that it will be accessible through external streaming devices like Roku and the Amazon Fire TV Stick. But, as with any new credit card, it's important to read the fine print in order to understand if Apple Card makes the most sense for you. While Apple Card does not charge penalties for late payments, the interest rate on the credit amount could be ... (more...)
Air Asia apologises for its Air Asia apologises for its "Get off in Thailand" promotion
- March 28, 2019

Melinda Liszewski, a campaigner at Collective Shout - a grassroots campaign movement against the objectification of women, called the ads a "dog whistle to sex tourists" on Twitter . "They repeatedly refer complaints to Ad Standards knowing that the self-regulatory system is a complete failure". An AirAsia spokesman said: "We take community feedback extremely seriously and sincerely apologise to those who have raised concerns". (more...)
What McDonald's acquisition of Dynamic Yield tells us about digital transformation What McDonald's acquisition of Dynamic Yield tells us about digital transformation
- March 28, 2019

The move will make McDonald's "one of the first companies to integrate decision technology into the customer point of sale at a brick and mortar location", the statement said. Founded in 2011 by Israeli-born entrepreneurs Liad Agmon and Omri Mendellevich, Dynamic Yield's service uses machine learning algorithms to help businesses tailor their website to individual consumers according to behavioral patterns. (more...)
Powerball jackpot at $750 million ahead of Wednesday night's drawing Powerball jackpot at $750 million ahead of Wednesday night's drawing
- March 27, 2019

Almost all grand prize winners opt for the cash prize, which for Wednesday's drawing would be an estimated $465.5 million. Twenty-four drawings since then have failed to produce a victor. They didn't win the big jackpot, but a group of winners from a New Hampshire business plans to claim a $1 million Powerball prize. There have only been three jackpots larger than the current one up for grabs, including the record $1.586 billion one in January 2016. (more...)
Judge recommends partial ban on iPhone imports to US Judge recommends partial ban on iPhone imports to US
- March 27, 2019

While symbolically significant, Tuesday's rulings relate to just two of the dozens of intellectual property lawsuits the two U.S. companies are fighting around the world . "We appreciate Judge McNamara's recognition of Apple's infringement of our hardware patent and that she will be recommending an import ban and cease and desist order", said Don Rosenberg, Qualcomm General Counsel. (more...)
10-Year vs 1-Month Inversion Persists 10-Year vs 1-Month Inversion Persists
- March 27, 2019

MSCI's broadest index of Asia-Pacific shares outside Japan rebounded 0.2 percent after losing 1.4 percent in the previous session. Japan's Nikkei jumped 2.1 per cent after recording its biggest drop since late December on Monday, India jumped over 1 per cent whereas China's blue-chip CSI300 index dropped more than 1 per cent as trade war worries remained. (more...)
California grower recalls avocados over possible listeria contamination California grower recalls avocados over possible listeria contamination
- March 27, 2019

No cases of illness associated with the avocados have been reported . Henry Avocado organic products do not carry the "Bravocado" label on the sticker. Symptoms of listeria can occur after a few days of eating contaminated food, but can take as long as 30 days or more before signs and symptoms begin. (more...)
Uber confirms Careem acqusition for $3.1 billion
- March 27, 2019

Now that problem will go away when the deal closes in the first quarter of 2020. With a proven ability to develop innovative local solutions, Careem has played a key role in shaping the future of urban mobility across the Middle East, becoming one of the most successful startups in the region. (more...)
China's Xi seals 300-aircraft Airbus deal in state visit to France China's Xi seals 300-aircraft Airbus deal in state visit to France
- March 26, 2019

The EU is anxious about unfair competition from Chinese companies. Tuesday's meeting, however, is also likely to address the thornier subject of trade with China, where Juncker has said the relationship is "imbalanced". In his speech, he agreed there was competition between the European Union and China and said this was positive. He spoke of "win-win outcomes" between countries that explore ways of getting along with each other, based on "independence, mutual understanding, foresight and ... (more...)

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