Audi fined $927 million by German prosecutors for diesel violations

Audi accepts the fine and will not lodge an appeal against it, the company said. "Considering these special items, the Audi Group will significantly undercut major financial key performance indicators forecasted for the fiscal year 2018", Audi ... More..

by | Published more than a month ago
Outage puts YouTube on pause
by | Wednesday, October 17, 2018

Outage puts YouTube on pause

YouTube is aware of the issue, though no ETA has been given on when we can expect a fix. "We apologise for any inconvenience this may cause and will keep you updated", the streaming service wrote in a Tweet . ...More..

by | Wednesday, October 17, 2018

Saudi oil output expected to rise next month: Falih

Benchmark Brent crude has been trading above US$80 a barrel. US crude price gains, however, were being limited by recent stock builds at Cushing, Oklahoma, the delivery point for WTI, where inventories have r...More..

United to drop 3 flights, add 3 others at Queen City airport
by | Wednesday, October 17, 2018

United to drop 3 flights, add 3 others at Queen City airport

The new flights between Lexington and Washington Dulles will be flown on a 50-seat aircraft and are available for immediate booking immediately through United's website. That service, which will be seasonal a...More..

The supply and demand of oil reached the record
by | Wednesday, October 17, 2018

The supply and demand of oil reached the record

Oil prices have rallied this year on expectations that United States sanctions on Iran will strain supplies by lowering shipments from OPEC's third-largest oil producer. Barkindo, asked whether Trump's crit...More..

Uber valued at up to $120 billion in IPO proposals
by | Wednesday, October 17, 2018

Uber valued at up to $120 billion in IPO proposals

Uber, which operates in over 60 countries, is already the largest of the venture-backed "unicorns" valued at more than US$1 billion, which until recently was considered rare without tapping stock markets. The t...More..

US judge approves SEC settlement with Tesla, shares jump
by | Wednesday, October 17, 2018

US judge approves SEC settlement with Tesla, shares jump

The settlement terms will have Tesla pay a $20 million fine, and Musk will pay a $20 million fine. Musk can't be chairman for at least three years, although Tesla can request extensions for the board and chai...More..

Trump Warns Against A New Immigrant 'Caravan' Coming From Honduras
by | Tuesday, October 16, 2018

Trump Warns Against A New Immigrant 'Caravan' Coming From Honduras

The development came just days after Pence met with Honduran President Juan Orlando Hernandez, President Jimmy Morales of Guatemala and Vice President Oscar Ortiz of El Salvador, asking them to step up and help...More..

Oil prices seeking bullish rebound on supply constraints, WTI eyeing $72.00
by | Tuesday, October 16, 2018

Oil prices seeking bullish rebound on supply constraints, WTI eyeing $72.00

The fresh report came on the day when oil minister Dharmendra Pradhan said the government had no reason to interfere in fuel pricing mechanism. India, the world's third-biggest oil importer, is facing recor...More..

Diesel price hike wipes out Rs 2.5 cut
by | Tuesday, October 16, 2018

Diesel price hike wipes out Rs 2.5 cut

The hike in petrol, diesel prices was for the 11th consecutive day today. The fuel prices continue to rise as petrol was being sold at Rs 82.83 per litre in Delhi and Rs 88.29 per litre in Mumbai after a sl...More..

Million Users Compromised in Recent Facebook Hack Exposing Highly Sensitive Personal Information
by | Tuesday, October 16, 2018

Million Users Compromised in Recent Facebook Hack Exposing Highly Sensitive Personal Information

Using an automated access tokens theft technique, they began to do so with the accounts of the friends of these people. For a second group of about 15 million users, attackers stole names and details such a...More..

Seahawks, Trail Blazers owner Paul Allen dies
by | Tuesday, October 16, 2018

Seahawks, Trail Blazers owner Paul Allen dies

An enthusiastic sports fan, Allen spent $70 million of that fortune to buy the Trail Blazers in 1988 from California real estate magnate Larry Weinberg. He left Microsoft eight years later, before setting up ...More..

Trump says 'rogue killers' may be behind Khashoggi disappearance
by | Tuesday, October 16, 2018

Trump says 'rogue killers' may be behind Khashoggi disappearance

Saudi officials arrived in Turkey on Friday after the two governments agreed to a joint investigation into the case, with Saudi officials granting Turkish investigator access to the consulate building, Reute...More..

Mega Millions Jackpot Now Worth $654 Million
by | Monday, October 15, 2018

Mega Millions Jackpot Now Worth $654 Million

The Mega Millions lotto drawing is up to $521 million, March 30, 2018. The other multi-state lottery game, the Powerball, also has a jackpot with a sizable sum. The last Mega Millions win occurred on July 2...More..

Sears files for bankruptcy - swan song for a United States icon
by | Monday, October 15, 2018

Sears files for bankruptcy - swan song for a United States icon

The bleak figures are an outlier to chains like Walmart, Target, Best Buy and Macy's , which have been enjoying stronger sales as they benefit from a robust economy and efforts to make the shopping experience ...More..

Trump against cancelling United States dollars 110 billion arms deal with Saudi Arabia
by | Monday, October 15, 2018

Trump against cancelling United States dollars 110 billion arms deal with Saudi Arabia

US President Donald Trump on Monday said he was sending US Secretary of State Mike Pompeo to meet with Saudi Arabia's King Salman over the unexplained disappearance of prominent journalist Jamal Khashogg...More..

Sears CEO steps in for bankruptcy financing
by | Monday, October 15, 2018

Sears CEO steps in for bankruptcy financing

But Sears lost its footing in the 1980s with expansions into financial products such as banking, mortgages, insurance and credit cards, and Walmart Inc. But the company has not turned a profit since 2011, and...More..

Air India air hostess(53), falls off Delhi-bound plane while closing door
by | Monday, October 15, 2018

Air India air hostess(53), falls off Delhi-bound plane while closing door

Last week, the state-run carrier grounded two pilots after one of its jets carrying 136 people hit an airport boundary wall on take-off and then flew for nearly three hours with a damaged body before landing sa...More..

Patisserie Valerie faces the precipice over 'fraud' in accounts
by | Monday, October 15, 2018

Patisserie Valerie faces the precipice over 'fraud' in accounts

Before the suspension, Patisserie Holdings had a market value of 446 million pounds ($590 million). On Thursday, the group said that unless it could receive an "immediate injection of capital", it would be fo...More..

Saudi vows retaliation if punished
by | Monday, October 15, 2018

Saudi vows retaliation if punished

Speaking with reporters at the White House later, Trump reiterated that there would be "very powerful" repercussions for Saudi Arabia should the United States determine that the kingdom is responsible for t...More..

Bitcoin Price Drops $380; Ethereum, Ripple (XRP) Plunge 9% — Newsflash
by | Monday, October 15, 2018

Bitcoin Price Drops $380; Ethereum, Ripple (XRP) Plunge 9% — Newsflash

This net activity shows "that trading whales were not selling off bitcoin in any mass amount, but rather were net receivers of bitcoin from exchanges in late 2016 and 2017". The IMF said in a recent rep...More..

Pizza toppings under attack from Government to make them healthier
by | Monday, October 15, 2018

Pizza toppings under attack from Government to make them healthier

One headline number being floated around is a calorie maximum of 928 for pizzas, which would have a huge impact on the average pizza serving in the United Kingdom, where just three slices of a large Domino's Am...More..

Donald Trump says a strong dollar doesn't necessarily mean all good
by | Monday, October 15, 2018

Donald Trump says a strong dollar doesn't necessarily mean all good

While he acknowledged that higher rates helped savers, he criticized the Federal Reserve's tactics. "That's not the problem", he said of the trade standoff. Powell said last week he expects to stick with ...More..

Saudi stock market plunges amid US threats over Khashoggi case
by | Monday, October 15, 2018

Saudi stock market plunges amid US threats over Khashoggi case

Turkey on Saturday stepped up pressure on Saudi Arabia by accusing the kingdom of failing to cooperate with a probe into the journalist's disappearance. Turkish sources claim he was killed by a hit squad of S...More..

IEA lowers its growth forecast in oil demand for 2018 2019
by | Monday, October 15, 2018

IEA lowers its growth forecast in oil demand for 2018 2019

Worldwide benchmark Brent crude rose 65 cents to $80.91 a barrel by 1:28 GMT, having dropped by 3.4% on Thursday. Brent crude futures edged up 13 cents to $80.39 a barrel by 0042 GMT. "In the third quarter of 2...More..

Social Security benefits rising 2.8 percent, biggest hike in 7 years
by | Sunday, October 14, 2018

Social Security benefits rising 2.8 percent, biggest hike in 7 years

That will bring the monthly paycheck of the average beneficiary to $1,461, just $39 higher than the current average payment. According to a study from the group, the rising costs of prescription drug prices...More..

Auto groups condemn grant cuts for electric and hybrid vehicles
by | Sunday, October 14, 2018

Auto groups condemn grant cuts for electric and hybrid vehicles

The government claims the lowering of the category one grant is due to reductions in the price of EVs , while plug-in hybrids will continue to be supported through lower tax rates, grants for charging infras...More..

Mortgage Applications Fall as Rates Surpass 5%
by | Sunday, October 14, 2018

Mortgage Applications Fall as Rates Surpass 5%

The 15-year FRM this week averaged 4.29 percent, up from last week when it averaged 4.15 percent. The average rate for a traditional 30-year mortgage just topped 5% for the first time since 2011, according ...More..

Chinese stocks sink to lowest levels since 2014
by | Sunday, October 14, 2018

Chinese stocks sink to lowest levels since 2014

The Hang Seng Index is likewise down 3.89 percent as of 2pm today, while Taiwan's Taiex index has suffered the largest decline amongst Asian indexes today, hovering just above 6.2 percent since 11.30am. Chi...More..

Fracking to start in Lancashire after council wins High Court legal challenge
by | Sunday, October 14, 2018

Fracking to start in Lancashire after council wins High Court legal challenge

The failed legal challenge was brought by an environmental campaigner who claimed Lancashire County Council's emergency response planning and procedures were inadequate. The Preston New Road site has been the s...More..