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Road closed after protesters stage demo as fracking starts in Lancashire

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Fracking will restart in the United Kingdom today after a High Court challenge was dismissed. Demonstrators say they'll monitor the site around the clock. "Everyone in the industry, as well as the Conservative Government, will now be holding their breath and hoping that nothing goes wrong as the pumps roar and water, sand, and chemicals are forced deep underground at high pressure to force small cracks in the shale to release the gas", Bradshaw said. Read More »

Iran stays quiet on Khashoggi case

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The Saudis have strongly denied the accusations, but U.S. media outlets have reported that they will acknowledge Khashoggi was killed in a botched interrogation. "In each of those meetings I stressed the importance of them conducting a complete investigation into the disappearance of Jamal Khashoggi ". Police planned a second search at the Saudi consul general's home, as well as some of the country's diplomatic vehicles, Turkey's Foreign Minister Mevlut Cavusoglu said. Read More »

Pompeo says Saudis promise 'transparent' Khashoggi probe

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The Turkish foreign minister, Mevlüt Çavuşoğlu, will have briefed him on the Turkish evidence that Saudi intelligence agents, including anaesthetists and some carrying hacksaws and other devices, arrived in the country to conduct a violent interrogation meant to permanently silence the crown prince's most persistent and eloquent critic. Read More »

Numbers drawn for $667 million Mega Millions jackpot

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To win the jackpot, tickets must match five white ball numbers plus the mega ball. "Everyone is talking about the jackpot and running out to buy tickets for tonight's drawing", Gordon Medenica, Mega Millions lead director and Maryland Lottery and Gaming director, said in a press release. Read More »

Lyft now offering 30-ride pass for $299

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On the bright side, if any individual ride exceeds the $15 value, you'll simply be asked to cough up the difference. After that, they get an extra 5% off each ride. It will be available to everyone in the United States by the end of the week. Assuming you actually use all 30 rides in a given month, it's a pretty solid deal as 30 rides at $15 each would otherwise work out to $450. Read More »

Saudi Arabia, UAE reiterate investment plans in India

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India, the world's third-biggest oil importer, is facing record high retail prices as worldwide crude rate soared and rupee value dipped. Benchmark Brent crude has been trading above $80 a barrel LCOc1. The last time South Korea did not import oil from Iran was September 2012, according to customs data. U.S. crude stockpiles are expected to have risen last week for the fourth straight week, by about 1.1 million barrels, according to a Reuters poll ahead of reports from the American ... Read More »

YouTube outage across the world, company says working on resolving issue

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Aussieoutages.com reports that users in Queensland, New South Wales, Victoria and Western Australia are feeling the impact. So many people were talking about the outage, the hashtag #YouTubeDOWN was trending on Twitter. The Google-owned streaming platform went down at approximately 9:20pm ET/6:20pm PT on October 16th and has been down for approximately 55 minutes. According to user reports and outage-monitoring sites, the YouTube outages began around 0200 GMT (10am Singapore time). Read More »

Iran says Trump can not bring oil prices down by 'bullying'

US President Donald Trump has vowed "severe punishment" if the Saudis ordered the killing of Washington Post journalist Jamal Khashoggi. While most oil analysts have attributed the sharp rise of premium crude prices since April to over $80 a barrel at least in part to the loss of Iranian exports, the US special envoy for Iran , Brian Hook, told reporters in Paris on October 15 that the market is doing fine with less Iranian oil . Read More »

United Airlines adds USA flights

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United is shifting shorter-haul flights to Elmira, New York; Lexington, Kentucky; and Manchester, New Hampshire from New York/Newark to its Washington Dulles hub. Dulles is also getting new service to Asheville (North Carolina). Flight SQ22 marked the first nonstop flight between the Lion City and the Big Apple since 2013, when Singapore Airlines pulled the plug on the service. Read More »

Uber valued at $120 billion in possible 2019 IPO

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Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion U.S., according to a media report . It resumed testing in Pennsylvania in July, but with a driver behind the wheel at all times, the company said. Lyft has hired J.P. Morgan Chase JPM to lead its initial public offering, kicking off an IPO that's scheduled for early 2019, according to a person familiar with the matter. Read More »

German Prosecutors Slap $928 Million Fine On Audi For Diesel Violations

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Audi is part of the Volkswagen (VW) group which admitted three years ago that it had fitted a "defeat" device to 11 million cars sold worldwide that lowered nitrogen oxide pollutants in diesel engines undergoing emission checks. While the probe against Audi as a company is now closed, other cases against managers and executives from the VW group - up to and including former chief executive Martin Winterkorn - remain open, with charges including fraud, false advertising and failure to keep ... Read More »

Tesla gives buyers days to order or lose $7500 tax credit

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This week, Tesla let customers know that they should act quickly if they want to claim the credit. As we reported back in July, Tesla's near-iconic $7,500 electric vehicle tax incentive will soon be on its way out . It should be noted that while Tesla is the first USA automaker to hit the 200,000 EV mark, General Motors and Nissan are not far behind. Tesla may have crawled its way out of production hell, but it is having a hard time delivering vehicles that are done and sold. Read More »

Climate change is threatening world’s beer supply

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Beer drinkers face soaring prices for their favourite schooner due to the effects of climate change, scientists have warned. During severe climate events, global beer consumption would decline by 16 percent, or almost 30 billion litres - equal to all the beer quaffed each year in the United States, Guan and an worldwide team of researchers reported in the journal Nature Plants . Read More »

Mega Millions Jackpot Now Worth $654 Million

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Powerball's jackpot also represents: There is a top prize of at least $ 345 million on Wednesday. You can cash out Powerball's $ 345 million jackpot for $199 million. It's now at $18.5 million since no one has won it since February. Tickets for both games are $2. It was the largest prize distributed for a single ticket. Read More »

Diesel price hiked again; wipes out Rs 2.5/litre cut

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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 slight increase of Rs 0.11 respectively. "Both will remain closed in protest from 6.00 am onwards on October 22 and remain closed till 5.00 am on October 23, 2018", the association said in a statement. Read More »

Facebook Inc (NASDAQ:FB) Data Breech Effected 29 Million Users

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However, Facebook is now saying that of those 30 million, 15 million people had only their names and contact details exposed. Facebook Vice President Guy Rosen told reporters that the US Federal Bureau of Investigation has asked the company to limit descriptions of the attackers due to an ongoing inquiry. Read More »

Committed to meet India's oil demand: Saudi Energy Minister

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Later speaking at the India Energy Forum, Saudi Oil Minister said Modi at the meeting raised the issue of "consumer pain" from high crude oil prices . Union Ministers Arun Jaitley and Dharmendra Pradhan and Vice-Chairman NITI Aayog Dr. Rajiv Kumar also present on the occasion. He also spoke of higher acreage under exploration and sought the cooperation of the developed countries both in terms of technology and extension of coverage. Read More »

Kudlow defends Mnuchin's Saudi Arabia trip amid search for missing journalist

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Saudi Arabia is preparing a report that would admit Saudi journalist Jamal Khashoggi was killed as the result of an interrogation that went wrong , CNN reports, citing two unnamed sources. While it would be nice to think that Trump has suddenly realized the value of calmly awaiting information and assessing evidence, the reality unfortunately is quite different. Read More »

Sears Holdings Corp (SHLD) Major Shareholder Sells $16,705.00 in Stock

There has been negative change grasped around 50 day SMA. Earnings surprises can have a huge impact on a company's stock price. In practice, however, the reverse is true. Return on investment (ROI) reached to -74.40%. In the meantime, the Sears Holdings Corporation's 14-day RSI was settled at 17.19. A lower volatility means that a security's value does not fluctuate dramatically, but changes in value at a steady pace over a period of time. Read More »

Sears files for bankruptcy; will close another 142 stores

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More than 100,000 retired Sears employees are believed to hold pensions, which bankruptcy should protect. Sears had already announced the closure of 46 stores in November. Of all the remaining big-box department stores at that time, both Sears and Montgomery Ward should have been able to exploit online sales with a solid catalog-buying customer base. Read More »

Crude prices jump as Saudi reacts to United States 'stern action' threat

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The disappearance of Khashoggi , last seen entering the Saudi consulate in Istanbul on October 2, has whipped up global concern, with new Crown Prince Mohammed bin Salman increasingly the focus of sharp criticism. The statement was issued as worldwide concern grew over the writer who vanished on a visit to the Saudi Consulate in Istanbul over a week ago. A Saudi official, not authorized to speak publicly, told Reuters that the king had ordered an internal investigation based on ... Read More »

Sears, Once America’s Biggest Store, Collapses Into Bankruptcy

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Sears Holdings , the parent company of Sears and Kmart, faces an October 15 deadline to pay $134 million on its debt. A Sears Essentials store in Palatine, Illinois. It's had 11 years of straight annual drops in revenue. Sales have plunged 60% since then. In August, Sears made $2.7 billion by selling 200 stores to the REIT. Read More »

Crisis-hit Patisserie Valerie finance chief arrested by police

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The SFO said: "Following this morning's Regulatory News Service announcement by Patisserie Holdings PLC, the SFO confirms that its director has opened a criminal investigation into an individual". The company's future was thrown into question earlier this week after it uncovered fraudulent activity around its financial accounts. "Further updates will be released in due course as appropriate". Read More »

Chainalysis Research: Bitcoin Whales Not As Deadly As Some People Think

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The top three cryptocurrencies by market capitalization - bitcoin , ethereum and XRP - are all significantly off their record high prices, which were hit at the end of past year and beginning of 2018. These are whales who actively trade, making-up largest category, but only one-third part of this group actively trade on BTC . These active traders are trading against the market sentiments, i.e. Read More »

Trump renews Fed criticism, says raising rates too fast

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The Fed last raised interest rates in September and left intact its plans to steadily tighten monetary policy, as it forecast that the USA economy would enjoy at least three more years of economic growth. Mnuchin praised Fed Chairman Jerome Powell, who took over as Fed leader in February. Chinese representatives said they did not want a further depreciation of the yuan exchange rate, Mnuchin said. Read More »

Rubio: Trump must respond with 'more than words' over Jamal Khashoggi

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Saudi leaders have dismissed the allegations as baseless. However, Apple Watches do not have a fingerprint ID unlock function like iPhones. The newspaper did not address that in its report. No details of the conversation were released. The journalist had given his phones to his fiancee before entering the consulate. Turkish media printed the names and faces of what they called the Saudi assassination team . Read More »

Support Becomes Resistance - Is It Good Time to Sell Crude Oil?

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The week started on a weak note, after Washington indicated that it might grant waivers to sanctions on Iran's oil exports and Saudi Arabia was said to be replacing any potential shortfall from Iran. Official statements from Saudi Arabia suggest that October exports are back to the high levels seen in June and that more oil is available for those who wish to buy it. Read More »

Government scraps plug-in vehicle grant for hybrids

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The change comes three months after the government published its Road to Zero strategy , with a proposal to remove petrol and diesel cars from United Kingdom roads by 2050, forcing all motorists to own electric models. "At a time when air quality is of great concern, those who bought diesels in good faith, and with Government encouragement, will feel they have been given the cold shoulder rather than a helping hand". Read More »

Chinese stocks sink to lowest levels since 2014

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This current fall in prices seems to be a knock-on effect of a similar dip in Wall Street stock indexes which suffered their worst fall in eight months last night, according to an article published by The Financial Times this morning. About 17.01 billion shares were traded on the Shanghai exchange, roughly 146.1 percent of the market's 30-day moving average of 11.64 billion shares a day. Read More »

BMW set to increase stake in China's Brilliance Automotive | Leadership

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As a result, the total annual production capacity of BMW vehicles at the joint-venture plants will gradually increase to 650,000 units by the early 2020s. Last year, China chose to open its markets after Western governments and companies pushed the Communist government to dismantle its trade barriers. The BMW Group will invest more than 3 billion euros (3.5 billion USA dollars) in new and existing plant structures in Shenyang over the coming years. Read More »

World's longest flight leaves Singapore for NY

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The world's longest commercial flight takes off from Singapore tomorrow morning, with the national airline resuming its non-stop route to NY for the first time since 2013. "I'm an aviation enthusiast", Messaggio told AFP . The A350-900ULR will offer customers a more comfortable travelling experience with features such as higher ceilings, larger windows, an extra wide body and lighting created to reduce jetlag. Read More »

No Mega Millions Winner, Jackpot Jumps To $654 Million

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The cash option for Friday's jackpot would be a lump-sum amount estimated at $309 million before federal taxes. Need a lucky spot to get your Mega Millions ticket? Almost $900 million is up for grabs in nationwide lottery drawings this weekend. Read More »

USA crude rises 67 cents, as Iran's oil exports fall

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On Oct. 3, it hit a four-year high of $86.74 U.S. But on Tuesday, the price of Brent crude went down by 44 cents or about half a percent; to reach 84.56 dollars a barrel. He further added that Saudi Arabia representatives have been claiming that they are able to balance Iran's losses under the USA pressure. Oil traders will watch for the weekly USA drilling rig count, an indicator of upcoming production, which is due at about 1 p.m. Read More »

Oil prices tick up as Hurricane Michael nears Florida

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The December ICE Brent crude futures were dropped by 90 cents per barrel i.e.by 1.07% at $83.26 per barrel, whereas, the NYMEX light sweet crude contract was dropped by 63 cents per barrel i.e.by 0.85% at $73.71 per barrel. Moreover, presently, the Indian federal government is struggling with higher oil prices and a weakening Rupee (domestic currency) against the US currency that also weighs on its oil import bill. Read More »

The 11 longest flights in the world, ranked

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That's followed by the U.S. carrier's Houtson-Sydney flight of 13,834 km (8596nm) and 17 hours 50 minutes. The flight from the city-state to Newark Airport can take up to 18 hours and 45 minutes under normal weather conditions, but the pilots will have something in reserve in an aircraft capable of flying more than 20 hours non-stop. Read More »

This human-like robot can now perform parkour

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The one ray of light in that jogging video was the fact that Atlas needed to stop running before jumping over a log. If humanity is going to die at the hands of these robots, can't they at least have the decency to look like Evan Rachel Wood, James Marsden, or Thandie Newton? The last time we saw the humanoid robot, it had managed to ideal its running skills, and it managed to hop over logs even though it was a clumsy one. Read More »

Elon Musk might be getting into the tequila business

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Murdoch, Tesla and 21st Century Fox were unavailable for comment, according to Reuters. Tesla Inc . and the U.S. Securities and Exchange Commission have put aside an insulting tweet by Elon Musk and asked a judge to accept a settlement of the fraud suit against the electric-car maker and its outspoken CEO. Read More »

Facebook says recent data breach wasn't 'related to the midterms'

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When asked if any pattern exists among the victims or who might have been behind the attack, Facebook cited an Federal Bureau of Investigation request not to disclose such information. According to the update, using accounts they already controlled, the attackers exploited the bug to steal tokens from approximately 400,000 users. "For 1 million people , the attackers did not access any information", Rosen said. Read More »

Trump Calls 'Loco' Federal Reserve 'Too Aggressive': Fox Interview

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Now, if you discount the trade tension/global slowdown theory for this week's stock selloff - and I wouldn't do that, but let's say you did - then you've got to think that the market is fearing that the Fed will respond to inflationary signals with more hikes than investors previously expected, maybe enough to hurt corporate profits, or dim the USA economy into recession, or at least shift capital flows into bond markets at the expense of equities. Read More »

Ikea plans a dozen new markets in coming years

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Swedish home furnishing retailer IKEA's second mega store will open in Mumbai in March 2019. "There's a lot of people that chose not to buy from us because they don't have a auto or because they don't have the time to interact with us, so this is what we are exploring now", said Ikea Group CEO Jesper Brodin. Read More »

Facebook's UK Tax Bill Just Rose to £15.7 Million

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The news comes after social media giant Facebook (FB) booked a surge in United Kingdom revenue and a rise in profits, prompting a rise in the tax it pays to Britain . Hammond is expect to outline proposals for the new tax during his budget speech on 29 October. "Large companies, like any other taxpayers, must pay the tax that is due and we do not settle for less". Read More »

China trade surplus with USA reaches record $34.1 billion

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China's trade surplus with the USA grew 10 percent in September from a record $31bn in August, according to China's customs administration - a 22 percent jump from the same month a year ago. "We expect both to soften in the coming quarters", he said. "Exports continued to defy USA tariffs last month but imports struggled in the face of cooling domestic demand", said Julian Evans-Pritchard of Capital Economics in a report. Read More »

Trump Warns China Nuclear Tech Exports Will Shrink

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The trade war entered a new level in September, with the U.S. imposing 10 per cent tariffs on US$200 billion worth of goods imported from China, effective as of September 24, which could escalate to 25 per cent in January 2019, while China fought back with tiered tariffs from 5 to 10 per cent on US$60 billion of United States goods. Read More »