Business

Business China says N Korean quake 'suspected explosion'
Author: 0 China says N Korean quake 'suspected explosion'

North Korea carried out its sixth nuclear test on 3 September and has been the focus of widespread condemnation at the UN General Assembly this week. A second tremor soon after that test was possibly caused by a "cave-in", CENC said at the time.

Business Yellen: Fed To Modestly Reduce Bond Holdings
Author: 0 Yellen: Fed To Modestly Reduce Bond Holdings

As the bonds mature, the government pays the face value to the Fed. The Fed will also release new economic forecasts, and could also talk about the impact which the hurricane season will have on United States growth. "The Fed took another step on its path of lovely normalization, announcing that the gradual balance sheet reduction will start next month and limiting revisions to both projections and policy guidance", said Mohamed El-Erian, Chief Economic Adviser At Allianz, in California.

Business Tesla reportedly partners with AMD to build chips for self-driving vehicles
Author: 0 Tesla reportedly partners with AMD to build chips for self-driving vehicles

Jim Keller, formerly the chief architect for AMD's microprocessors, is now VP of autopilot hardware at Tesla . Tesla is said to be developing the AI chip processor on top of AMD technology, hoping to create a power-efficient multi-purpose chip to bring Tesla's vision of a fully autonomous driving vehicle into reality.

Business Toys R Us files for Chapter 11 bankruptcy protection
Author: 0 Toys R Us files for Chapter 11 bankruptcy protection

It's business as usual for all Toys "R" Us stores in the Philippines, which will continue to offer a wide assortment of toys and merchandise for kids, the company said Wednesday, amid reports that Toys "R" Us Inc , the largest US toy store chain, has filed for bankruptcy protection .

Business Ryanair Under Pressure to Publish Full List of Cancelled Flights
Author: 0 Ryanair Under Pressure to Publish Full List of Cancelled Flights

The airline has said it is offering full refunds or alternative flights to those affected, although many passengers have complained that the alternative flights on offer are days later than they were originally due to fly. Ryanair also said the drastic decision to cancel flights was motivated by its need to improve punctuality, which has fallen from 90% to below 80% in the first two weeks of September.

Business All Chinese Exchanges to be Closed on Sep 30
Author: 0 All Chinese Exchanges to be Closed on Sep 30

Meanwhile, BTCC, a bitcoin exchange, said its China-based exchange will end all operations on September 30 following unverified reports that Chinese authorities are preparing to ban cryptocurrency exchanges. Bitcoin is some way off its record high of $4,950 as it continues to falter amid concerns that the Chinese government is launching an anti-cryptocurrency movement to crack down on digital currencies.

Business Oil price rises to above US$50 a barrel
Author: 0 Oil price rises to above US$50 a barrel

Crude oil futures neared $50 a barrel Thursday morning, adding to weekly gains inspired by pent up demand from USA refineries. The EIA report dovetails with a report from the Paris-based International Energy Agency, issued Wednesday, that raised its estimate of 2017 world oil demand growth to 1.6 million barrels per day from 1.5 million bpd.

Business Volkswagen to produce electric version of each vehicle by 2030
Author: 0 Volkswagen to produce electric version of each vehicle by 2030

In the high-end luxury market, Daimler had Formula One driver Lewis Hamilton drive in on stage on the new Mercedes-Benz-AMG Project ONE, a two-seat hybrid with over 1,000 horsepower and a top speed of 350 kph (217 mph), while Rolls-Royce showed off the eighth generation of the Phantom.

Business What you need to know about Equifax
Author: 0 What you need to know about Equifax

We have seen so many other big breaches over the last few years (Yahoo, Target, etc.) that we have become inured to these kinds of incidents, and the attendant masses of potential victims. There wasn't much of a financial cost; my credit card company quickly negated the charges, but it was a massive waste of time. You can get this online by going to http://www.ssa.gov/myacount .

Business British inflation jumps, pushing pound to one-year dollar high
Author: 0 British inflation jumps, pushing pound to one-year dollar high

A statement from the ONS said: "The depreciation of sterling seen in 2016 and particularly following the outcome of the European Union referendum would increase the prices producers pay for imported goods". All in all, I see more deflationary forces than inflationary in the world economy at present". The annual growth was forecast to increase to 2.8 percent.

Business Three tips for consumers confronting data breach
Author: 0 Three tips for consumers confronting data breach

According to Equifax , the breach lasted from mid-May through July, and compromised names, Social Security numbers, birth dates, addresses and, in some instances, driver's license numbers. Beware of scammers who may purport to be from the retailer, your bank, or your credit card issuer, telling you that your card was compromised and suggesting actions to "fix" the problem.

Business Oil markets move little with industry in grip of Caribbean hurricanes
Author: 0 Oil markets move little with industry in grip of Caribbean hurricanes

The National Hurricane Center has raised the odds that the Category 5 storm will hit the US, fueling fears about yet more disruption to USA oil production. United States oil output fell by nearly 8 per cent, from 9.5 million barrels per day (bpd) to 8.8 million bpd, according to the Energy Information Administration .

Business Why Self-Driving Car Companies Are Cheering Congress Today
Author: 0 Why Self-Driving Car Companies Are Cheering Congress Today

U.S. Transportation Secretary Elaine Chao was expected to unveil the revised guidelines next Tuesday at a self-driving vehicle testing facility in Ann Arbor, Michigan, four people briefed on the matter said. Traditionally, the federal government has regulated vehicle safety, and states have handled vehicle operations, such as issuing driver licenses. It also bars states from preventing such testing, which many auto companies claim is critical to getting the vehicles to consumers within the ...

Business Hurricane Katia churns off Mexican coast before expected drift to land
Author: 0 Hurricane Katia churns off Mexican coast before expected drift to land

National Hurricane Center (NHC) said . Katia is now located about 185 miles east of Tampico, Mexico. Katia is off the coast of Mexico with sustained winds of 75 miles per hour (120 kph). Hurricane Jose forms in the Atlantic, far from land and well east of the powerful Hurricane Irma . "The northern Leeward Islands are at risk of contending with enhanced showers and tropical storm force conditions this weekend, which could hinder Irma recovery efforts", said AccuWeather Senior ...

Business Fed Vice Chairman Stanley Fischer to Step Down
Author: 0 Fed Vice Chairman Stanley Fischer to Step Down

In the interview with the Wall Street Journal, Trump said he had a "lot of respect" for Yellen and would consider asking her to serve another term. Former Bank of Israel Governor Stanley Fischer, a dual U.S. Fischer is an elder statesman of American finance. Mr. Fischer also ran a central bank - the Bank of Israel - from 2005 to 2013, held a senior post at the International Monetary Fund and served as a Citigroup vice chairman.

Business Kylian Mbappe reveals he turned down Arsene Wenger to sign for PSG
Author: 0 Kylian Mbappe reveals he turned down Arsene Wenger to sign for PSG

Paris Saint-Germain president Nasser Al-Khelaifi said Wednesday the club had nothing to hide as UEFA investigate over alleged violations of its financial fair play rules. "On the contrary, I think playing with these players is going to free me". "And I have given everything to reach that objective". Speaking at his unveiling at the Parc des Princes, the striker from the Parisian suburb of Bondy - something PSG emphasised, along with his childhood support, throughout - said he was ...

Author: 0 Prince William and Kate expecting third child

Prince Charles, Queen Elizabeth II's oldest son, is now No. 1 in the succession line. "Their royal Highnesses The Duke and Duchess of Cambridge are very pleased to announce that The Duchess of Cambridge is expecting their third child ", the palace statement read.

Business Lightning-Sparked Wildfires Burn in Northern California
Author: 0 Lightning-Sparked Wildfires Burn in Northern California

Thousands of people have been driven from their homes in OR and hundreds in California, where a blaze burned 10 homes and threatened 500 more near a hard-hit community and another kept a popular road to Yosemite National Park closed. Fire officials say the estimated burn area almost doubled after a flyover Thursday but the blaze is still far from the celebration in the Black Rock Desert.

Business US Economy Generated 156000 Jobs In August, Short Of Estimates
Author: 0 US Economy Generated 156000 Jobs In August, Short Of Estimates

An extended a run of modest labor market gains this year has produced little acceleration in wage growth or inflation, underscoring a puzzle that complicates Federal Reserve policy decisions looming in the months ahead. Temporary help services employment was almost flat in August, adding 100 jobs. The ranks of the unemployed rose by 151,000 to 7.13 million, while the employment level fell 74,000 to 153.4 million.

Business Now Your Armpits Can Smell Like A Pumpkin Spice Latte
Author: 0 Now Your Armpits Can Smell Like A Pumpkin Spice Latte

Further Tweets from the Starbucks' pumpkin spice latte account adds credit to the idea that the drink will launch tomorrow. Ever since pumpkin spice latte caught on, brands began seeing endless opportunities to infuse their products with its scent and flavor.

Business The Worst Examples of Hurricane Harvey Price Gouging
Author: 0 The Worst Examples of Hurricane Harvey Price Gouging

Additionally, the Department receives and reviews consumer complaints and inquiries about individual stations. "These are things you can't do in Texas", Paxton said in an interview with CNBC . Those who believe they are the victims of price gouging are being encouraged to make a report with the AG's office, by filling out a form online , emailing consumeremergency@oag.texas.gov or calling 1-800-621-0508 or 512-475-4413.

Business How Pizza Is Helping Us Design Our Self-Driving Future
Author: 0 How Pizza Is Helping Us Design Our Self-Driving Future

According to their website, Domino's is partnering with Ford to test out a Ford Fusion Hybrid Autonomous Research Vehicle. Meanwhile, technology firms like Google and automakers like Ford have ratcheted up their work on self-driving vehicles.