Markets

Jamal Khashoggi's killing took seven minutes, Turkish source tells MEE

The intention had been only to abduct him from Turkey , the sources said. Khashoggi, a critic of the crown prince in columns written for The Washington Post...


Numbers drawn for $667 million Mega Millions jackpot

And in 2009, Steve Williams of Shenandoah, Virginia, won a Mega Millions jackpot worth a cool $200 million. The Tuesday drawing had grown to the largest in th...


Lyft Launches $299 Monthly 'All-Access' Plan

Subscribers will only face additional fees if a ride's cost exceeds $15, in which case the customer would pay the difference. At least not on a comparably wide ...


Oil prices dip amid expectations of higher USA inventories

Given the impact of rising oil prices on the rupee and India's trade deficit, his motivations were clear. The market has been supported by reports that Iran...


Saudi Arabia vows to retaliate

The case has provoked an global outcry, with U.S. President Donald Trump threatening " severe punishment " if it turns out Khashoggi was killed in the consulate...


YouTube down: Major outage prompts outcry on social media

A team of highly trained monkeys has been dispatched to deal with this situation. "If you see them, send them this information as text (screenshots frighten t...


US judge approves settlement between SEC, Tesla and Elon Musk

Billionaire entrepreneur Elon Musk may be going into the liquor business. The company will also pay a $20 million fine, despite not being charged with fraud...


Donald Trump to Honduras: Stop Migrant Caravan or Lose Aid

More than 1,000 people, including families and women carrying babies, set off on Saturday from Honduras towards the United States in a mass migration march. "...


Feel lucky? Mega Millions has mega jackpot

Feeling lucky? Then you may want to buy a Mega Millions ticket, as the multi-state lottery game approaches a record jackpot. The next Mega Millions drawin...


Insurance companies not covering storage of Iranian oil, says Indian Oil official

Rejecting claims that India has sought a waiver of sanctions from the USA as to continue purchasing crude oil from Iran, Oil Minister Dharmendra Pradhan said ...


Motorists suffer ‘most frustrating weekly rise’ in petrol prices

The hike in petrol, diesel prices was for the 11th consecutive day today. 29 per litre in Mumbai, while the price of diesel has been revised by 24 paise to ...


Facebook now knows how many users were hacked last month: 29 million

They may also be part of the 1 million users whose access token was stolen, but no personal information was accessed. Facebook Vice President Guy Rosen to...


AI Express plane that grazed Trichy airport wall not overloaded

Air India released an official statement confirming the incident: "After flight IX 611 from Trichy to Dubai had taken off from Trichy at about 1:30 a.m. The air...


Paul Allen, Microsoft’s Co-Founder, Is Dead at 65

In 1988 at 35, he bought the Portland Trail Blazers professional basketball team. Those who recall only the Super Bowl runs of the Seahawks under Mike H...


Saudi Arabia preparing to admit Jamal Khashoggi died in consulate

The Saudis are reportedly on the cusp of acknowledging Jamal Khashoggi's death was the result of an interrogation that went wrong , according to a CNN rep...


Sears files for bankruptcy, deserted by shoppers and mired in debt

Lampert, the largest shareholder, has been loaning out his own money for years and has put together deals to prop up the company, which in turn has benefited hi...


Gerard Butler cancels Saudi Arabia trip after Khashoggi’s disappearance

Turkish officials have said authorities believe he was murdered there and his body removed. The Saudi embassy in Washington later said Al Dakhil didn't repres...


United States retailer Sears files for bankruptcy

Sears listed assets in the range of US$1 billion (RM4.16 billion) to US$10 billion and liabilities in the range of US$10 billion to US$50 billion, according to ...


International Monetary Fund chief defends Powell after Trump slams 'crazy' Fed

So the jobs data might have suggested to the market that the Fed would accelerate its rate-hiking cycle, beyond one more in December and three more next year, a...


Patisserie Valerie Finance Chief Arrested, Company Faces Uncertain Future

In a statement, the SFO said: "Following this morning's Regulatory News Service announcement by Patisserie Holdings PLC, the SFO confirms that its director ha...


Saudis Vow To Retaliate With 'Greater Action' If Hit With Sanctions

Prince Mohammed has aggressively pitched the kingdom as a destination for foreign investment. Khashoggi was known for his interviews and travels with Osama bi...


Abbas on Khashoggi: The Palestinian people stand with Saudi Arabia

Quoting an official source, SPA reported that Saudi Arabia would retaliate and respond to any measure against it with bigger measures. Jamal Khashoggi , a ...


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

As for 2019, Atkinson said an oversupply "is possible" but the outcome of Iran and Venezuela would have to be determined: "A lot could happen between now an...


The UK Government scraps plug-in vehicle grant for hybrids

Currently, you can get a grant of up to £2,500 for Category 2 (CO2 under 50g/km and EV range of 10-69 miles) and Category 3 hybrids (CO2 50-75g/km and range of ...


Hong Kong stocks close up 2.1%

Tencent Holdings Ltd, the most actively traded stocks in Hong Kong , was down 7.1 per cent, making the company the fourth worst performer in the Chinese enter...


Flight delayed in Florida after woman brings emotional support squirrel on plane

Because she refused to get off the plane, authorities had to deplane all the passengers until the situation was resolved. Airline officials say the woman note...


Winning numbers drawn for $548-million 'Mega Millions' jackpot

The prize money increased by $78 million when no one won Tuesday's drawing. With no jackpot winners reported after Tuesday night's drawing, the next jackp...


Iran's Crude Exports Sink To 1.1 Million Barrels Per Day

However, the OPEC (and its non-OPEC associates such as Russia) and oil markets are working in the shadow of Trump's tweet and his forthcoming sanctions on Iran...


Monsanto granted new trial after $250 million judgement

San Francisco's Superior Court of California Judge Suzanne Bolanos issued a tentative motion granting Bayer a new trial. It isn't clear when the judge may fi...


Oil prices drop after IMF's review of global economic growth

Brent crude futures fell $1.91, or 2.3%, to settle at $83.09 a barrel. Iranian oil industry has been under pressure from the USA efforts to isolate the count...


BMW plans to take control of China joint venture

BMW also announced it plans to invest €3 Billion in the project, further expanding its production plants in China. News of the deal has alarmed investors, wh...


World's longest commercial flight takes-off from Singapore

The 14,500-kilometre Qantas service launched this year is the first regular link between Australia and Europe, with the airline's Boeing 787 fleet connecting Pe...


The world's longest non-stop flight takes off today

Other flights of more than 17 hours include Dallas-Fort Worth (Qantas ) and Singapore-San Francisco (United and Singapore ). The new aircraft will only fe...


Boston Dynamics shows off jumping, running humanoid robot

In a recently released short video by the company, we could see the bipedal humanoid robot Atlas jumping over boxes and making it to the top easily. Looks l...


Elon Musk May Be Getting Into the Booze Business

The FT report follows a New York Times report last week that some Tesla directors had proposed Murdoch for the chairman role. "Just want to [sic] that t...


Facebook hackers stole info from 29 million accounts

Hackers accessed data from 29 million accounts and got information including name, email addresses or phone numbers from all of them. But beyond learning what i...


Federal Reserve in Trump's line of fire but unlikely to change course

I think the Fed has gone insane", Trump told reporters shortly after markets closed, as he arrived in Erie, Pennsylvania for a rally. "The S&P 500 is lookin...


Ikea posts €39bn revenue with boost from city stores, online sales

It will also have parking space for around 2,000 vehicles and a 1,000 seater restaurant serving Swedish and Indian delicacies, he added. Regarding online pres...


Facebook UK tax bill rises to £15.8 million

In 2016, Facebook's United Kingdom tax bill rose to £5.1m following a major restructure of how the firm paid tax. Over the past year, Facebook has increased...


Trump warns he could do ‘a lot more’ on China trade

China's trade surplus with the United States was $225.79 billion from January-September. Relations between the world's two largest economies soured sharply ...


Brexit deal within reach?

At Westminster, Mrs May told MPs that it was "in the national interest" for MPs from all parties to back the deal she brought back from Brussels. The deadline...


China’s trade surplus with U.S. hits record high of US$34 billion

President has warned there's a lot more he could do to hurt China's economy. The United States is tightening controls on China's imports of civil nuclear tech...


Global debt levels reached a record $182 trillion in 2017, says International Monetary Fund

If projections are true, then India would regain the tag of fastest growing major economies of the world, crossing China with more than 0.7 percentage point in ...


Brexit deal next week 'within reach': Barnier

Cabinet Office Minister David Lidington is also due to hold Brexit meetings with figures from the UK's devolved administrations on Thursday. The EU proposed a...


Trump on 831 Stock Market Drop: Fed Has Gone Crazy

The Dow Jones stock market average dropped by 831 points, which is 3.15 percent of its opening value on Wednesday. The turmoil on stock markets came a day aft...


Pakistan turns to IMF for aid

The IMF estimated that the global economy will grow 3.7% in 2019, down from its July projection of 3.9%, the first time since July 2016 that the fund has down...


Wall Street dives, setting the ASX up for heavy losses at open

The S&P 500 fell nearly 92 points, or just over 3 percent, the biggest daily loss since February this year. The Nasdaq was also trading below its 200-day movi...


Trump Blames "Crazy" Federal Reserve As Wall Street Suffers Ugly Losses

Trump told reporters while traveling to Erie, Pennsylvania, for a campaign rally. But he downplayed the first major drop in months, saying, "it's a correction...


Dow Jones Industrials Sink 800-plus Points

The benchmark US stock index hadn't suffered a five-day losing streak since November 2016, just before the presidential election. It's fallen sharply over the p...


Trump takes aim at 'crazy' Fed as markets sink following United States slump

The Dow Jones stock market average dropped by 831 points, which is 3.15 percent of its opening value on Wednesday. It has fallen almost 5 percent from its all-t...