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Finance

US West Texas Intermediate (WTI) crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. The prices of the USA dollar against the Iranian Rial saw a decline of around 10 percent from the closing hours of trading on Saturday until Wednesday - the end of trading in the week.
  • IBM challenges Amazon with $34bn takeover of Red Hat

    IBM challenges Amazon with $34bn takeover of Red Hat

    Finance

    At 2 p.m. shares were down 2.7 percent to $121.47. Between them, IBM and Red Hat have contributed more to the open source community than any other organisation. "This combination not only represents a truly fantastic outcome for our shareholders, but it is a catalyst for Red Hat to drive powerfully into the future".
  • Indian pilot Bhavye Suneja dead in Indonesian plane crash

    Indian pilot Bhavye Suneja dead in Indonesian plane crash

    Finance

    A spokesman from the airline said the Boeing 737 MAX plane was manufactured in 2018 and has been operated by Lion Air since Aug 15. Deryl Fida Febrianto sent the picture at 6.01am shortly before flight JT-610, carrying 189 people, set off from Jakarta and plunged 5,000ft into the Java Sea off Indonesia .
  • Global markets in sell-off mode

    Global markets in sell-off mode

    Finance

    Recent data showing the housing market is slowing have also fueled speculation that US economic growth will start to slow next year. Analysts attributed Wednesday's sell-off to fears of economic weakness around the globe that could reduce demand for the products and services from US companies.
  • Kingdom to prosecute Jamal Khashoggi killers, says Saudi

    Kingdom to prosecute Jamal Khashoggi killers, says Saudi

    Finance

    Khashoggi, a critic of Saudi Crown Prince Mohammed bin Salman's policies, was last seen October 2 entering the consulate, where he had gone to pick up a document he needed to remarry. past year. Saudi Arabia's Foreign Minister Adel al-Jubeir said on Saturday that those behind the killing of journalist Jamal Khashoggi would be prosecuted in the kingdom and that the investigation would take time.
  • Check your numbers: Winning $3 million lottery ticket sold in Orlando

    Check your numbers: Winning $3 million lottery ticket sold in Orlando

    Finance

    Mega Millions , which initially announced a global record $1.6 billion jackpot, later revised the figure down to $1.537 billion. If lottery officials in SC seem just a bit anxious, who could blame them? She cited "security procedures". Otherwise, the jackpot is doled out over 29 years. More than half of the big game's largest jackpots have been awarded to single ticket holders. It will be held Friday night but for an estimated $40 million jackpot.
  • Amazon’s global sales sees slowdown, blames late Diwali in India

    Amazon’s global sales sees slowdown, blames late Diwali in India

    Finance

    Amazon said revenue from the category and some other items grew 122 percent to $2.5 billion in the third quarter. That purchase happened in the middle of the third quarter last year, which meant that Amazon included only about a month's worth of Whole Foods' revenue in its third-quarter results last year, versus a whole quarter's worth this time around.
  • UN Special Rapporteur Claims Saudi State Responsible for Khashoggi's Murder

    UN Special Rapporteur Claims Saudi State Responsible for Khashoggi's Murder

    Finance

    Riyadh finally accepted yesterday what Turkey had said virtually from the start - that he was killed in a premeditated hit . USA intelligence officials and lawmakers as well as the European Union have said that an operation targeting a critic of the royal court in a foreign country is unlikely to have been ordered without the knowledge of senior Saudi officials.
  • $1.6 billion Mega Millions jackpot drawing on Tuesday

    $1.6 billion Mega Millions jackpot drawing on Tuesday

    Finance

    The winning numbers are 5, 28, 62, 65 and 70, with a Mega Ball number 5, according to the official Mega Millions website . "It's hard to overstate how exciting this is - but now it's really getting fun", Gordon Medenica, lead director of the Mega Millions Group and director of Maryland Lottery and Gaming, said over the weekend.
  • Evidence Shows Khashoggi Was 'Brutally Murdered,' Turkish President Erdogan Says

    Evidence Shows Khashoggi Was 'Brutally Murdered,' Turkish President Erdogan Says

    Finance

    Speaking on Tuesday at the Oval Office, the U.S. leader criticised the country's long-term ally for one of the "worst cover-ups in the history of cover-ups". On Monday Reuters reported that CIA Director Gina Haspel was travelling to Turkey on Monday to work on the Khashoggi investigation. "The European Union's reaction from now on will depend on the next steps that will be taken by Saudi authorities", Mogherini said.
  • Italy's Banks at Risk From Widening Spread, League Official Says

    Italy's Banks at Risk From Widening Spread, League Official Says

    Finance

    Italy's Prime Minister defended its free-spending budget on Thursday, brushing off criticism from Brussels as the European Commission stepped up pressure over a draft it labelled an unprecedented breach of EU fiscal rules. The draft Italian budget is extremely concerned in Brussels. The EU has limits for member states' deficits and debt levels. The government's budget plan targets a decrease of the deficit to 2.1 per cent in 2020 and 1.8 per cent in 2021.
  • 'Cheaper' Tesla Model 3 nowhere near $35K promised

    'Cheaper' Tesla Model 3 nowhere near $35K promised

    Finance

    The Mid Range comes with a single motor and rear-wheel drive whereas the Long Range and even pricier Model 3 Performance now come with dual motors and all-wheel drive exclusively. The laser-etched photos - sent as part of the "Launch Your Photo into Deep Space Orbit" reward - would nearly certainly be sent up with SpaceX rockets.
  • China stays silent over killing of Saudi journalist Jamal Khashoggi

    China stays silent over killing of Saudi journalist Jamal Khashoggi

    Finance

    Khashoggi, as well as increased global pressure for a full, verifiable accounting from the Saudi monarchy as to the events leading up to his death", the statement read. Saudi Arabia said on Saturday that Khashoggi was involved in "a physical confrontation, which resulted in his death". Turkish media reports and officials maintain that a 15-member Saudi team flew to Istanbul on Oct 2, knowing Khashoggi would arrive for a document he needed to get married.
  • Oil prices rise amid political uncertainties

    Oil prices rise amid political uncertainties

    Finance

    Barkindo said India's crude oil demand was expected to rise by 5.8 million barrels a day (bpd) by 2040, accounting for around 40 per cent of the global demand rise by then. When asked whether Russian Federation and Saudi Arabia had made a backroom deal to increase oil production , MbS was more tight-lipped, saying only that Saudi Arabia was "ready to supply any demand and any disappearing from Iran".
  • Saudi Arabia, Russia Boost Oil Supply by 250000 Barrels in September

    Saudi Arabia, Russia Boost Oil Supply by 250000 Barrels in September

    Finance

    U.S. West Texas Intermediate (WTI) crude CLc1 futures were down by 91 cents, or 1.2 per cent, at $72.26, having also fallen to their lowest since September 27. Michael slammed into the Florida Panhandle on Wednesday as a fast-moving, Category 4 storm bringing heavy rains and winds of 155 miles per hour (249 kph) to the US southeast.
  • Oil rebounds to $81, pares gain as IEA sees adequate supply

    Oil rebounds to $81, pares gain as IEA sees adequate supply

    Finance

    West Texas Intermediate crude for November delivery advanced 37 cents to end the session at $71.34 a barrel on the New York Mercantile Exchange. Despite that unimpressive recovery, the barrel of WTI lost $3 this week. "In June, members of OPEC, along with Russian Federation, agreed to increase oil production levels to the original crude oil production target set in November 2016", said the report".
  • Facebook say 29 million people have been affected by a data hack

    Facebook say 29 million people have been affected by a data hack

    Finance

    The attackers had access to a limited number of accounts to begin with, and it's not clear if these were bogus to begin with, but they were connected to other "friends" on the site. Hackers accessed millions of victims' highly sensitive personal data, including locations, relationship information, recent searches, and birthdates .
  • Have 19 hours? World's longest commercial flight takes off

    Have 19 hours? World's longest commercial flight takes off

    Finance

    Passengers are preparing to board the world's longest flight - a marathon 19 hour service connecting Singapore and NY. Singapore Airlines only offers premium economy and business seats on the flight - no regular economy seats. It also has a high ceiling and large windows. "Research has shown that hydration and food intake are important factors (to consider), such as avoiding foods that cause gas or bloating as well as excessive alcohol", Rhenu Bhuller, a healthcare expert at consultancy ...
  • Conservatives may have to depose prime minister to 'heal wounds' - DUP MP

    Conservatives may have to depose prime minister to 'heal wounds' - DUP MP

    Finance

    Among those due to attend today's War Cabinet are: the Prime Minister's effective deputy David Lidington; Jeremy Hunt, the Foreign Secretary; Sajid Javid, the Home Secretary; Liam Fox, the International Trade Secretary; Greg Clark, the Business Secretary; Michael Gove, the Environment Secretary, and Gavin Williamson, the Defence Secretary.
  • RBI keeps repo rate unchanged at 6.5%

    RBI keeps repo rate unchanged at 6.5%

    Finance

    Rupee was overvalued on trade weighted real effective exchange rate. Bond yields and prices move in opposite directions. It also hit a fresh 20-year high against the Indonesian rupiah. The Indian rupee is the worst performing Asian currency this year, having lost more than 13 per cent. Both the indices hit their lowest levels in three months.
  • Oil Prices Hit $85pb Highest Since 2014

    Oil Prices Hit $85pb Highest Since 2014

    Finance

    Oil prices edged up on Tuesday, holding near a four-year high reached the previous day as markets adjust to the prospect of tighter supply once the US sanctions against Iran kick in next month. Oil prices have historically declined in the last three months of the year as refinery maintenance season feeds concerns over demand for crude, but this fourth-quarter period may prove to be the exception to the norm.
  • Elon Musk Settles With SEC, Quits As Tesla Chairman

    Elon Musk Settles With SEC, Quits As Tesla Chairman

    Finance

    The SEC had alleged that Musk either knew or was reckless in not knowing that statements made about his go-private plans were false or misleading. Musk won't be eligible to be re-elected as chairman for three years . There remain significant opportunities to grow the addressable market for Model 3 by introducing leasing, standard battery and other lower-priced variants of the vehicle, and by starting global deliveries.
  • GE CEO John Flannery steps down

    GE CEO John Flannery steps down

    Finance

    Flannery on the same day said that GE might take the radical step of splitting up the main company's three main components - aviation, health care and power - into separate businesses. The stock has more than halved since Flannery took the top job in August a year ago. The company said it would take a non-cash charge related to that division.