Economy

Airline employee who stole plane highlights insider threats

Airline employee who stole plane highlights insider threats Sea-Tac Airport confirmed via Twitter that an airline employee conducted an unauthorized takeoff of a Horizon Air Turbo Prop without passengers on board. In conversation with an air-traffic controller, he described himself as "just a broken guy", said he "wasn't really planning on landing" the aircraft, and claimed he didn't want to hurt anyone else. [Full Article...]

Turkish Currency Lira Plunges As Trump Piles On The Pressure

Turkish Currency Lira Plunges As Trump Piles On The Pressure In the New York Times , Erdogan warned Washington not to risk its relations with Ankara , saying it would look for "new friends and allies". The Russian rouble dropped to its weakest since late 2016 after Washington said it would impose fresh sanctions on Moscow, while the Turkish lira plumbed a record low in the wake of a diplomatic rift with the United States . [Full Article...]

Ryanair strike: find out if you’re affected by cancelled flights

Ryanair strike: find out if you’re affected by cancelled flights A spokesperson said: "Ryanair fully complies with all EU261 legislation, however as these flight cancellations were caused by extraordinary circumstances, no compensation is due". DW reporter Lars Halter at Berlin-Schönefeld airport said the situation was "very calm". But Ryanair pilots say they earn less than counterparts at other airlines like Lufthansa. [Full Article...]

Turkey is a 'target of economic war,' Erdogan says

Turkey is a 'target of economic war,' Erdogan says At the end of a "tragic day", Turkish lira lost 20 percent of its value, the biggest one-day fall since a 2001 financial crisis in Turkey. He declared: "Our relations with Turkey are not good at this time! ". Markets InsiderAs a result of the ensuing panic, the dollar strengthened sharply against major currencies as global investors sought a safe-haven, something that runs directly against T... [Full Article...]

Markets Now: Dow Drops 105 Points as Turkey Finally Matters

Markets Now: Dow Drops 105 Points as Turkey Finally Matters The Nasdaq is up 79.77 points, or 1 percent . The S&P 500 is up 159.67 points, or 6 per cent. The TSX's energy group rose 0.22 points, or 0.11 per cent, while the financials sector slipped 1.81 points, or 0.59 per cent. The biggest drag on the S&P 500 was Booking Holdings BKNG.O , which fell 5 percent after it forecast third-quarter profit below expectations. Tribune shares rose 2.9 per... [Full Article...]

Government of Ontario are working to restore dollar Beers for labour Day

Government of Ontario are working to restore dollar Beers for labour Day Ontario Premier Doug Ford announced a return to "buck-a-beer" in the province this week. Buck a beer was one of Ford's promises during the election campaign. A check of the LCBO's website shows that only one bottled beer comes close to the existing provincial minimum price. "I don't need a #BuckABeer , I need my fellow Canadians to have a #BasicIncome and to be proud to live in a nation... [Full Article...]

Chinese media warns against 'wantonly' rising tariffs in US trade war

Chinese media warns against 'wantonly' rising tariffs in US trade war United States president Donald Trump has threatened to target all $500bn of Chinese imports. Trump's mission to reduce the USA trade deficit via the threat of tariffs has brought him into conflict with China as well as U.S. Year-on-year, the growth of China's exports to the United States slowed to 11 percent last month from 12.5 percent in June, while import growth accelerated to 11 percent fr... [Full Article...]

Iran to North Korea: US Can't Be Trusted

Iran to North Korea: US Can't Be Trusted But the second tranche of sanctions, which kicks in on 5 November and targets Iran's vital oil sector, could be far more damaging - even if several key customers such as China, India and Turkey have refused to significantly cut their purchases. [Full Article...]

Years After Going Public, Elon Musk Wants To Take Tesla Private

As a direct result of Musk's $420 tweet, share values started fluctuating. Despite its challenges, Tesla has remained a favourite among many investors, partly due to their faith in Musk, who made his initial fortune as a co-founder of PayPal and also is the CEO of a trail-blazing aerospace company, SpaceX , that's already private. [Full Article...]

State GOP would rather not mention Trump in campaign

State GOP would rather not mention Trump in campaign The rally comes hours after Trump denounced arguably Ohio's favorite native son, basketball superstar LeBron James, who just opened a school for underprivileged children in Akron. Jim Jordan, who is under siege after allegations that, as an assistant wrestling coach at Ohio State University, he knew of alleged sexual abuse by a team doctor but did not report it. [Full Article...]

Oil up; traders cite industry report of crude build at Cushing

Oil up; traders cite industry report of crude build at Cushing The price for Brent crude oil, the global benchmark for the price of oil, was down 1.75 per cent as of 9:20 a.m. EDT to $72.91 per barrel. The Organisation of Petroleum Exporting Countries has said that crude oil production has gone up in July as Saudi Arabia pumped more volumes into the global market. [Full Article...]

Temperatures to top 47C in Portugal today as heatwave scorches Europe

Temperatures to top 47C in Portugal today as heatwave scorches Europe It also played a part in the deaths of two men, one in Barcelona and the other in the southern Spanish region of Murcia, according to Spanish authorities. A large plume of roasting hot air has set in motion another heatwave, not just in the United Kingdom , but across Europe, paving the way for warm weather through the rest of summer. [Full Article...]

I hope we don’t see any provocation from McGregor - Khabib Nurmagomedov’s father

I hope we don’t see any provocation from McGregor - Khabib Nurmagomedov’s father McGregor and Nurmagomedov have a checkered history that culminated at the UFC 223 media day in NY when the Irishman infamously attacked a bus carrying Nurmagomedov. Dustin Poirier, who Diaz is scheduled to fight at UFC 230 on November 3 at Madison Square Garden, jokingly chimed in with a similar tweet, writing, "I ain't fighting on that show either F the ufc". [Full Article...]

Newshour, US hits Turkey with sanctions over jailed pastor

Newshour, US hits Turkey with sanctions over jailed pastor The Turkish foreign ministry called on the United States to reverse its "wrong decision" on Thursday after Washington announced sanctions on Abdulhamit Gul, the minister of justice, and Suleyman Soylu, the minister of interior. Speaking to Turkish journalists after the meeting, Cavusoglu also described the discussion with Pompeo as "constructive", but added: "Nothing can be achieved through thre... [Full Article...]

Molson Coors To Sell Cannabis Drinks In Canada

Molson Coors To Sell Cannabis Drinks In Canada The companies are aiming to close the deal before September 30, pending certain conditions such as the "execution and delivery of various transaction agreements, including governance documents and R&D and supply agreements". "We believe, potentially, it's got really significant potential and we're going to learn a lot and if other markets start to open up in due course and this becomes federally l... [Full Article...]

China plans tariffs on $60bn of imports to counter Trump

China plans tariffs on $60bn of imports to counter Trump Beijing warned on Friday that it was prepared to impose new tariffs on $ 60 billion worth of USA goods if Washington ups the ante in the escalating U.S. had no qualms about squeezing as much as it could from trade partners. A container ship was docked at a port in Qingdao, in eastern China's Shandong Province, on July 6. [Full Article...]

Apple (AAPL): $1 Trillion Is Just the Beginning

Apple (AAPL): $1 Trillion Is Just the Beginning Part of Apple's success is due to its increased profit margins thanks to the higher average selling price of its newest smartphone, the iPhone X . Apple isn't safely ahead of everyone else yet , Amazon is now valued at around 900 billion and is closing in on a trillion steadily as well. [Full Article...]

Salads and wraps from Trader Joe's, Kroger possibly contaminated with Cyclospora

Salads and wraps from Trader Joe's, Kroger possibly contaminated with Cyclospora After an FDA analysis confirmed the presence of Cyclospora in an expired salad mix containing romaine lettuce , Fresh Express began informing companies that received products of concern about the results. Caito learned of the problem when its supplier, Fresh Express, notified it of a recall involving some of the lettuce in products packaged under a variety of brand names. [Full Article...]

European Union says farming ‘not part’ of U.S. trade deal, contradicting Trump

European Union says farming ‘not part’ of U.S. trade deal, contradicting Trump Roughly 500 of those jobs were added in March thanks to the tariffs - another 300 are projected to be added by this fall, which is likely what Trump was referring to when he said "far more " jobs than projected would be added here. "I'm very exasperated. This is serious". President Donald Trump on Thursday made several false or misleading claims about the steel mill he had traveled to Granite... [Full Article...]

Facebook CEO's one day loss is nearly Nigeria's budget in 2017

Facebook CEO's one day loss is nearly Nigeria's budget in 2017 So far, three class-action suits have been filed by shareholders claiming that Facebook made false and misleading statements to investors including lack of disclosure around monetization associated with Instagram Stories. Founder Mark Zuckerberg , who has a 13 per cent stake in Facebook , saw his fortune dropped by more than $US12 billion ($A16 billion) in less than 24 hours, to around $74 bil... [Full Article...]


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