Money

Money US SEC block Telegram from raising funds through cryptocurrency
Author: 0 US SEC block Telegram from raising funds through cryptocurrency

The SEC alleges that once the tokens are distributed to the initial purchasers they will be resold to the investing public on the open market. According to the regulators, the company sold 2.9 billion Grams at discounted prices to 171 initial purchasers worldwide, raising $1.7 billion in the process.

Money Turkey's Syria offensive an 'invasion': Arab League secretary general
Author: 0 Turkey's Syria offensive an 'invasion': Arab League secretary general

Turkey on Wednesday launched Operation Peace Spring east of the Euphrates River in northern Syria to secure its borders by eliminating terrorist elements and to ensure the safe return of Syrian refugees and Syria's territorial integrity. "This is something they can do easily", SDF spokesman Redur Xelil said in a statement, adding Turkey's offensive had "revived" the threat posed by ISIL.

Money Uber to acquire grocery start-up that Walmart failed to buy
Author: 0 Uber to acquire grocery start-up that Walmart failed to buy

Uber is the ideal partner as we embark on our quest to bring our unique flavor of on-demand groceries from incredible retail partners to many more countries around the world. Lustig said Cornershop had expanded rapidly since the Walmart deal fell through, resulting in a likely higher price tag for the Uber deal. Uber is entering the online grocery market after the acquisition of Cornershop .

Money Renault removes Thierry Bolloré as CEO
Author: 0 Renault removes Thierry Bolloré as CEO

Renault said Bollore will be replaced on an interim basis by current chief financial officer Clotilde Delbos. Renault's board voted on Friday to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan seek a fresh start following the scandal-hit tenure of former alliance supremo Carlos Ghosn .

Money Over 130,000 people displaced by fighting in northeastern Syria -U.N.
Author: 0 Over 130,000 people displaced by fighting in northeastern Syria -U.N.

Overnight a auto bomb exploded outside the wall of the prison in Hasaka in northeast Syria , causing serious damage but no casualties, a statement from security forces in the region said. He added that the firing stopped as soon as the US brought up the issue with Turkish authorities. 'The U.S. demands that Turkey avoid actions that could result in immediate defensive action, ' DeWalt said.

Money SDF says Turkey-backed rebels killed Kurdish politician, rebels deny it
Author: 0 SDF says Turkey-backed rebels killed Kurdish politician, rebels deny it

Hulusi Akar said mortars were fired at Turkey's border post in Suruç district of Şanlıurfa province from a kilometre (0.6 mile) southwest of the USA observation point . A communique issued by Arab League Secretary-General Ahmed Aboul Gheit after a meeting of Arab foreign ministers indicated the league will consider suspending military cooperation with Turkey as well as economic and investment measures.

Money Toyota RAV4 plug-in hybrid confirmed for LA auto show debut
Author: 0 Toyota RAV4 plug-in hybrid confirmed for LA auto show debut

The latest RAV4 already comes as a hybrid. The decision to extend the hybrid battery warranty, according to Toyota , is to provide consumers with more peace of mind when making the choice to go with a hybrid auto. The PHEV formula of adding a larger battery pack and a charging port should net the RAV4 a bit of purely electric range which would, in turn, help the plug-in best the current hybrid's 41 city, 38 highway and 40 combined mpg estimates.

Money Thousands protest in Europe against Turkey's Syria offensive
Author: 0 Thousands protest in Europe against Turkey's Syria offensive

The ministry tweeted: "Ras al-Ayn's residential centre has been taken under control through the successful operations in the east of Euphrates" river. On Friday, the Pentagon said USA troops came under artillery fire from Turkish emplacements though none of its soldiers were wounded near the Syrian border town of Kobani, 60 km (37 miles) west of the main area of conflict.

Money Tesla, watch out for the new Toyota Mirai
Author: 0 Tesla, watch out for the new Toyota Mirai

There are substantial upgrades to Toyota's fuel cell technology that powers it, liberating a 30 percent range boost for the second-generation auto to give it a theoretical maximum of 650km from a single tank of hydrogen. The new edition of the Mirai should hit the market in Japan , North America and Europe by 2020. The next Mirai , it seems from first look, is much closer to what the Mirai should have been all along-a rear-wheel-drive sport sedan that mates something akin to ...

Money Barrhead Travel announces plans for 100 new stores
Author: 0 Barrhead Travel announces plans for 100 new stores

All 555 Thomas Cook stores are to be bought by Hays Travel, it has been revealed. British Airways announced the launch of a new flight from London's Gatwick Airport to the Turkish resort of Antalya on Wednesday, once one of Thomas Cook's most popular routes, as airlines jostle to fill the void left by its collapse.

Money Saudi Arabia asks for support against attacks from its facilities
Author: 0 Saudi Arabia asks for support against attacks from its facilities

While Aramco is the world's most lucrative company and produces about 10 per cent of the world's oil, it also carries bigger risks, as illustrated by the drone and missile strike on key facilities in September. On September 14, multiple drones targeted Saudi Aramco's Abqaiq and Khurais oil processing facilities, cutting Riyadh's daily net oil output in half and leading to the suspension of the production of some 5.7 million barrels of oil per day.

Money Brexit deal may be possible, no guarantee of success - EU’s Tusk
Author: 0 Brexit deal may be possible, no guarantee of success - EU’s Tusk

Downing Street is understood to have shared details of the proposed compromise privately with European Union negotiators, which paved the way for detailed formal talks to begin ahead of next week's meeting of European Union leaders. Ms Foster acknowledged there had been a lot of speculation as to what had happened during the Prime Minister's meeting with Irish premier Leo Varadkar in England.

Money Lawmakers press again for stronger Trump action on Turkey
Author: 0 Lawmakers press again for stronger Trump action on Turkey

Trump Sunday announced the USA would be pulling troops out of northern Syria that had kept Turkish and Kurdish forces fighting the Islamic State apart. Kurdish forces have, until many took off for the front lines against Turkey, provided protection for USA installations. "These are very powerful sanctions, we hope we don't have to use them, but we can shut down the Turkish economy if we need to".

Money GM tells workers it's time for the strike to end
Author: 0 GM tells workers it's time for the strike to end

Of the new total, $7.7 billion would be invested directly in GM plants, with the rest going to joint ventures including a potential battery plant near the Lordstown, Ohio, factory that has been idled, the source said. The UAW on Friday morning called for top union and company representatives to gather for an 11 AM "main table" meeting at Detroit Renaissance Center - in part to object to recent negotiating tactics by the Big Three automaker , according to a person familiar with the ...

Money Brexit: EU, UK revive hopes for deal after 'constructive' meeting
Author: 0 Brexit: EU, UK revive hopes for deal after 'constructive' meeting

With the British Parliament and government both rejecting the withdrawal treaty negotiated by Theresa May, and the European Union rejecting a rehash of the treaty with some alternative arrangements for the customs border between EU member-state the Republic of Ireland and the British province of Northern Ireland put forward by Boris Johnson , the United Kingdom is now headed for a clean break with the bloc - or, if anti-Brexit MPs have their way, yet another Brexit delay.

Money China lowers expectations for USA trade talks
Author: 0 China lowers expectations for USA trade talks

Top White House officials met with Chinese Vice Premier Liu He on Thursday as President Trump signaled that a trade agreement may be close behind, buoying US stock markets after a chaotic 12 hours. He said he hoped a productive meeting would persuade the Trump administration to call off or postpone plans next Tuesday to hike tariffs on $250bn of Chinese imports from 25% to 30%.

Money Zuckerberg to testify in US Congress on Facebook digital currency
Author: 0 Zuckerberg to testify in US Congress on Facebook digital currency

Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington a year ago. Mark Zuckerberg , CEO of Facebook , is scheduled to testify in front of the House Financial Services Committee later this month in what is expected to be a thorough grilling regarding Facebook's stablecoin Libra and Facebook's operations in general.

Money 'We too love money more than freedom'
Author: 0 'We too love money more than freedom'

China has accused Western governments of stirring up anti-Beijing sentiment in Hong Kong, which has been roiled by months of sometimes violent protest. Long live the Great Communist Party of China! Basketball is the most popular sport in China, with about 300 million people playing the game. The teams are also supposed to play Saturday in Shenzhen.

Money Wall Street closed in the green on trade talk hopes
Author: 0 Wall Street closed in the green on trade talk hopes

Investors are still hoping for a trade deal , but are not expecting it to come any time soon. The rally came as investors turned hopeful that the USA and China may make some progress in their latest round of trade negotiations after Beijing reportedly signalled that it is open to a partial deal.

Money Hays Travel Purchases Empty Thomas Cook Shops
Author: 0 Hays Travel Purchases Empty Thomas Cook Shops

There is new hope this morning for Thomas Cook staff who were left out of work by the collapse of the travel firm. The Isle of Wight's only Thomas Cook branch closed in Newport last month. Thomas Cook had around 600 stores on United Kingdom high streets. Britain's government on Monday completed the country's biggest peacetime repatriation, returning 140,000 UK-based Thomas Cook customers stranded overseas by the company's bankruptcy.

Money India Slips 10 Places On WEF’s Global Competitiveness Index
Author: 0 India Slips 10 Places On WEF’s Global Competitiveness Index

According to WEF, Singapore comes out on top with a score of 84.8, +1.3 from past year, while the U.S. is in second place with 83.7, -1.9 since 2018. Hong Kong SAR is ranked 3rd, Netherlands is 4th and Switzerland is ranked 5th. South Africa's competitiveness has regained momentum after the recent political landscape shift and climbed seven places in 2019. WEF said on Wednesday that "persistent weakness" in productivity growth in the last 15 years or so meant the global economy was more ...

Money Gold gains as risk sentiment wanes ahead of U.S.-China talks
Author: 0 Gold gains as risk sentiment wanes ahead of U.S.-China talks

Gold is up nearly 18 percent this year and last month hit $1,550 an ounce for the first time since April 2013. United States gold futures slipped 0.5pc to $1,505.30 per ounce. Investors awaited the U.S. Federal Open Market Committee's minutes from its September meeting, due on Wednesday, for clues to whether the Fed will cut rates at its October meeting, in what would be its third interest rate cut for the year.

Money Brexit deal 'essentially impossible' after PM's call with Merkel, source claims
Author: 0 Brexit deal 'essentially impossible' after PM's call with Merkel, source claims

Tuesday's talks between German Chancellor Angela Merkel and UK PM Boris Johnson highlighted the gulf between the two parties, adding to fear that the UK will leave the European Union on October 31 without a deal. The Downing Street official quoted Merkel as saying that a deal now looked "overwhelmingly unlikely", and added that the Brexit talks were "close to breaking down".

Money Tonight's €190 million EuroMillions jackpot was won by someone in the UK
Author: 0 Tonight's €190 million EuroMillions jackpot was won by someone in the UK

The EuroMillions jackpot prize of €190m has been won by a United Kingdom ticket holder, while one lucky player in Dublin is €500,000 richer after matching all five numbers in the Plus draw. In total, over 203,000 players in Ireland won prizes. The odds against winning are normally 140 million to one, tonight the odds are just seven million to one.

Money Dick's CEO says company destroyed $5M worth of assault rifles
Author: 0 Dick's CEO says company destroyed $5M worth of assault rifles

He then revealed that on top of the financial losses, Dick's destroyed all of the assault rifles the company had in stock, about $5 million worth. Stack says the company, which has 720 stores in 47 states, destroyed over $5 million worth of the weapons formerly sold by the outdoor sporting goods company.

Money Samsung flags 56% decline in operating profit in Q3
Author: 0 Samsung flags 56% decline in operating profit in Q3

Samsung Electronics said on Tuesday it expected operating profits to drop more than 50 percent in the third quarter as it struggles with a long-running slump in the global chip market. "The base effect also affected the division's earnings as its second-quarter earnings were abysmal". Samsung appealed to high-end users with the launch of its first foldable smartphone last month after faulty screens forced an embarrassing delay in April.

Money No prospect of UAW agreement with GM in sight
Author: 0 No prospect of UAW agreement with GM in sight

Dittes said union negotiators "could not be more disappointed" with GM's refusal to "recognize the experience and talent of our Membership who make their world-class products and billions of dollars in profits". However, by Sunday, he said the negotiations "have taken a turn for the worse ". GM responded to the UAW's proposal at a few minutes after 9 a.m. Sunday morning, said Dittes.

Money Norton to Speak at Supreme Court on LGBTQ Equality, Tomorrow
Author: 0 Norton to Speak at Supreme Court on LGBTQ Equality, Tomorrow

But Congress has not been able to pass a law clarifying whether or not employers have the right to dismiss employees because of sexual orientation or gender identity, according to the Wall Street Journal. The Supreme Court will hear arguments in the case this winter, and a decision is likely to come by the end of June, four months before the 2020 election.

Money Hong Kong bourse scraps $39-billion play for London Stock Exchange
Author: 0 Hong Kong bourse scraps $39-billion play for London Stock Exchange

In a statement, the board said it still believed a tie-up was "strategically compelling" and "would create a world-leading market infrastructure group". However, Li said pursuing a "combination of the two businesses would not be in the best interests of our own shareholders". "Still, we look forward to next year's attempt".