Money


Bugatti's 300-mph Chiron comes to production as the Super Sport 300+ Bugatti's 300-mph Chiron comes to production as the Super Sport 300+
- September 10, 2019

Rear of the Bugatti Chiron Super Sport 300+ gets major visual and aerodynamic changes. This means the front end is dominated by a blacked-out horseshoe grille and aggressive air intakes that make the "regular" Chiron seem restrained. In addition, there are vertically-stacked quad exhausts just like the recent Bugatti Centodieci . Thankfully, the production Chiron Super Sport 300+ has the same modified W16 engine. (more...)
Apple set to unveil three iPhone variants, new Watch models and more Apple set to unveil three iPhone variants, new Watch models and more
- September 10, 2019

It may also introduce a much cheaper models. We know we'll get phones with a big camera bump that will probably be as divisive as the notch, and we know that Apple is rolling out its new TV+ service in October, so there's bound to be some news about that. (more...)
Dozens of State AGs Announce Antitrust Probe of Google Dozens of State AGs Announce Antitrust Probe of Google
- September 10, 2019

Google is expected to rake in more than $48 billion in USA digital ad revenue this year, far outperforming its peers, while capturing 75% of all spending on US search ads, according to eMarketer. "Less than 2 years after I launched the first state antitrust investigation of Google (as Missouri Attorney General), more than 40 state AGs are joining a coalition to hold Google accountable". (more...)
'Volfefe': a volatility index for the Trump era 'Volfefe': a volatility index for the Trump era
- September 10, 2019

Trump's most market-moving tweets dwell on trade, and, to a lesser extent, monetary policy - with the words " China ", " billion ", " products ", "dollars", "tariffs" and "trade" making the top list, the JP Morgan analysts found. US President Donald Trump's tweets - especially on the US-China tariff war and US central bank's interest rate decisions - have had enormous effect on the global financial markets, leading to wild swings in the prices of stocks and bonds. (more...)
Oil Plunges As Trade War Rages Oil Plunges As Trade War Rages
- September 06, 2019

Benchmark Brent crude rose half a percent to $58.56 a barrel, while U.S. West Texas Intermediate futures were up 0.8 percent at $54.38 a barrel. The session low was $52.84 a barrel, the lowest since August 9. South Korea's economy turned out to have expanded less than estimated during the second quarter as exports were revised down in the face of the prolonged U.S. (more...)
South Africa's GDP increases by 3.1 percent in second quarter South Africa's GDP increases by 3.1 percent in second quarter
- September 06, 2019

Finance, real estate and business services, the largest sector in the South African economy, grew 4,1%. Increased economic activity was reported for financial intermediation, real estate activities and business services. Please try again later. This is the first positive rise in gross fixed capital formation since the fourth quarter of 2017. The main contributors to the increase were machinery and equipment, transport equipment and residential buildings. (more...)
Facebook might do away with the 'Like' count Facebook might do away with the 'Like' count
- September 05, 2019

Facebook later confirmed to TechCrunch that the company is considering the removal of like counts, though it's not started testing the feature with users just yet. The user who created the post can see a list of people and their reactions, but a number won't be displayed. Even with the fact that the like feature on Facebook is loved by a lot, a lot of users have complained that it makes them feel bad when their posts do not get enough likes. (more...)
Maruti Suzuki announces 2-day shutdown of Gurugram, Manesar plants Maruti Suzuki announces 2-day shutdown of Gurugram, Manesar plants
- September 05, 2019

Country's largest auto manufacturer Maruti Suzuki India Limited (MSI) has made a decision to shut down the passenger vehicle manufacturing operations of Gurugram Plant and Manesar Plant in Haryana for two days between September 7 and September 9. (more...)
Tesla Model 3 interior now officially free of leather Tesla Model 3 interior now officially free of leather
- September 05, 2019

Shanghai (Gasgoo )- China will exempt Tesla's electric vehicles (EVs) from its vehicle purchase tax, China's Ministry of Industry and Information Technology (MIIT) said on August 30, amongst an escalating trade tension with the United State. (more...)
Brexit: Boris Johnson defeated in key no-deal Brexit vote Brexit: Boris Johnson defeated in key no-deal Brexit vote
- September 04, 2019

But his opponents warn that Brexit without a deal will have disastrous economic consequences and must be avoided. Brexit news: What happens next? But Johnson's Conservative government is in disarray. The government has already introduced a motion for a vote later Wednesday calling for a snap election to take place before an European Union summit on October 17. (more...)
HK's business activity sees steepest fall since 2008 financial crisis: IHS Markit HK's business activity sees steepest fall since 2008 financial crisis: IHS Markit
- September 04, 2019

Confidence in the United Kingdom services sector dropped sharply in August, with firms now more pessimistic about the coming 12 months than at any point since the June 2016 Brexit referendum. But the mismatch between manufacturing and services in member countries has raised questions about how long it will be before the bloc's vast services industry is dragged down by industrial malaise. (more...)
Hong Kong activist meet Taiwanese leaders Hong Kong activist meet Taiwanese leaders
- September 04, 2019

The South China Morning Post reported that Lam was expected to meet pro-establishment lawmakers at 4pm local time before a possible announcement that the bill will be withdrawn. "I have not even contemplated to discuss a resignation. the choice of not resigning was my own choice", Lam said when asked why Beijing refused to let her quit. (more...)
Facebook Brings Face Recognition to All Users, Discontinues 'Tag Suggestions' Facebook Brings Face Recognition to All Users, Discontinues 'Tag Suggestions'
- September 04, 2019

Facebook is doing away with the " Tag Suggestions " feature as it overhauls its face recognition system to give users more control. The tag suggestions setting, which only controls whether we can suggest that your friends tag you in photos or videos using face recognition will no longer be available, " Facebook said ". (more...)
Rupee trades higher at 72.11 per dollar Rupee trades higher at 72.11 per dollar
- September 04, 2019

Only two stocks of the Sensex and the Nifty - Tech Mahindra and HCL Tech - ended with gains. The sharp intraday fall in the rupee to Rs 72.40 a dollar as against the previous close of 71.40, by one rupee, made matters worse for the foreign investors rushing to exit stocks. (more...)
No-deal Brexit: claim there will be no food shortages 'categorically untrue' No-deal Brexit: claim there will be no food shortages 'categorically untrue'
- September 04, 2019

In the case of a no deal scenario, the BFC is questioning whether businesses or consumers will take on the additional costs caused by WTO tariffs, and the logistics surrounding the definition of samples, for instance, what paperwork will be needed, as it claims that businesses are already being stopped and asked for paperwork, although not now required, in addition, tariffs and Value-Added Tax will apply to samples. (more...)
USA manufacturing sector contracts for first time in 3 years USA manufacturing sector contracts for first time in 3 years
- September 04, 2019

Institute for Supply Management - which represents purchasing managers at major industrial firms - said Tuesday its manufacturing index fell to 49.1 last month. Timothy Fiore, chairman of the ISM's Manufacturing Business Survey Committee, said that the decline in new orders was driven by the contraction in new export orders, which fell to their lowest since April 2009, when global trade was hit by the financial crisis. (more...)
Argentina: Stocks rebound after currency controls imposed Argentina: Stocks rebound after currency controls imposed
- September 04, 2019

Sandleris, speaking at a news conference, said the bank was in talks with the International Monetary Fund to "redefine" the monetary goals for September under its $57 billion financing agreement. Mr Macri's popularity was seriously damaged after it was revealed his personal wealth had massively increased while inflicting harsh austerity measures. (more...)
PM Johnson faces parliament showdown over fate of Brexit PM Johnson faces parliament showdown over fate of Brexit
- September 03, 2019

Just as Johnson began speaking, he lost his working majority in parliament when one of his own Conservative lawmakers, Phillip Lee, crossed the floor of the House of Commons to join the pro-EU Liberal Democrats. The judge is expected to announce his ruling on Wednesday. His decision will weaken Johnson as he tries to prevent Parliament from blocking his Brexit plans. (more...)
PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank PNB's Board To Meet Soon On Merger With Oriental Bank, United Bank
- September 03, 2019

According to Fitch, banks would require Dollars 13-15 billion of capital by FY21 over and above the Rs 70,000 crore that government is pumping into them this year. He added that no one lost their job when the government helped facilitate the merger of Dena Bank and Vijaya Bank with Bank of Baroda previous year, creating the third-largest bank by loans in the country. (more...)
Walmart to ban shoppers from openly carrying guns in stores Walmart to ban shoppers from openly carrying guns in stores
- September 03, 2019

Now the Arkansas-based company will focus on long barrel hunting rifles and their corresponding ammunition, the CEO added. "In a complex situation lacking a simple solution, we are trying to take constructive steps to reduce the risk that events like these will happen again", McMillon wrote in his memo . (more...)

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