Money

Money Timehop database hack sees 21 million users' data stolen
Author: 0 Timehop database hack sees 21 million users' data stolen

The vast majority of those affected by the "security incident" (as Timehop refers to it) had their names and usernames exposed, but for almost a quarter of them - 4.7 million - phone numbers were also exposed. The company also says hackers stole " access tokens ", which were provided to the company by their social media providers. "We have now taken steps that include multifactor authentication to secure our authorization and access controls on all accounts".

Money Erdoğan sworn in as Turkish president with enhanced powers
Author: 0 Erdoğan sworn in as Turkish president with enhanced powers

Mr Erdogan has largely ruled by fiat since 2016, when he imposed a state of emergency on the country in response to a failed coup attempt against him. In one of the most significant changes, the European Union affairs ministry, set up in 2011 to oversee Turkey's faltering bid to join the bloc, will be subsumed into the foreign ministry.

Money China trade war could get India new oil suppliers from US
Author: 0 China trade war could get India new oil suppliers from US

USA crude CLc1 slipped 2 cents to $72.92. The futures on US WTI oil with delivery in August rose by 0.49% to 74.16 United States dollars per barrel, while the Brent variety increased by 0.61% to 77.58 USD per barrel. South Korea has been importing Iranian crude at a daily rate of some 296,000 bpd since late March (the start of the Iranian year) and is one of several importers that are trying to win waivers for Iranian crude shipments from Washington.

Money Soybean Farmers Stick with Trump Even in Face of Stiff China Tariff
Author: 0 Soybean Farmers Stick with Trump Even in Face of Stiff China Tariff

President Donald Trump argues that new tariffs on Chinese goods are created to protect USA businesses and force China to change its economic policy. The Trump Administration said that in 2018 alone, it has found dumping or unfair subsidies on 13 different products, including steel wheels, cold-drawn mechanical tubing, tool chests and cabinets, forged steel fittings, aluminum foil, rubber bands, cast iron soil pipe and fittings, and large diameter welded pipe.

Money UK Foreign Secretary Boris Johnson resigns amid Cabinet splits over Brexit
Author: 0 UK Foreign Secretary Boris Johnson resigns amid Cabinet splits over Brexit

Prime Minister Theresa May's office announced the appointment of Raab, a former minister for housing, on Monday morning. Brexit Secretary David Davis acknowledged that his departure was "career-ending" but he told the BBC that he felt the United Kingdom was "giving away too much and too easily" to European Union negotiators.

Money Seattle becomes first major US city to ban straws
Author: 0 Seattle becomes first major US city to ban straws

The ban impacts over 5,000 restaurants and food providers in the region. Neither are plastic utensils in a push to reduce marine plastic pollution. Should a customer ask for one, said straw will have to be not just biodegradable but compostable under Seattle's exacting city-level standards.

Money Zuckerberg tops Buffett as world's third-richest
Author: 0 Zuckerberg tops Buffett as world's third-richest

Another NBR Rich Lister, Peter Thiel , who holds New Zealand, US and German passports, does not make the $US3.89b cut-off for Bloomberg's top 500 ( NBR estimated Mr Thiel's wealth at $NZ3.7b a year ago, putting him at No 2 on our list behind Mr Hart).

Money China to keep on reform, market opening path
Author: 0 China to keep on reform, market opening path

Li Keqiang told a summit with central and eastern European leaders that China would continue opening its markets and implementing other reforms that had fuelled its economy, providing opportunities for EU members and aspirants in the bloc's poorer half.

Money Boys Freed From Thailand Cave as Rescue Mission Begins
Author: 0 Boys Freed From Thailand Cave as Rescue Mission Begins

Two helicopters wait near the cave for more evacuations of the boys and their soccer coach on Monday. The president of soccer's governing body, FIFA, has invited the boys to the World Cup Final in Moscow on Sunday if they make it out in time.

Money Gove says Brexit plan is a realistic compromise
Author: 0 Gove says Brexit plan is a realistic compromise

The freakish proposals would see Britain effectively remain inside the EU's Single Market for industrial goods and - unlike European Economic Area (EEA) countries like Norway - agricultural products, by signing up to a free trade area regulated by a so-called "common rulebook" dictated by the European Court of Justice.

Money ZTE announce new CEO in bid to lift US ban
Author: 0 ZTE announce new CEO in bid to lift US ban

Chinese telecoms equipment manufacturer ZTE has announced a new CEO as it looks to get back on track with its United States operations. ZTE announced the departure of a senior executive, while a source who saw an internal memo told Reuters seven others were removed.

Money Netflix is testing some new plans. Here's what they do
Author: 0 Netflix is testing some new plans. Here's what they do

The "Ultra" streaming plan will test the waters to see if audiences are willing to pay more for content in an HDR format, or to have access to four Ultra HD streams. There are now three subscription plans to choose from: $7.99 Basic (Standard Definition - 1 screen at a time), $10.99 Standard (HD available - 2 screens) and $13.99 Premium (HD and Ultra HD on 4 screens).

Money The Economy Keeps Adding Jobs, But Filling Them Gets Harder
Author: 0 The Economy Keeps Adding Jobs, But Filling Them Gets Harder

Manufacturing added 36,000 jobs, the most since December. Before June's record, the lowest monthly Hispanic-Latino unemployment rate since BLS began tracking the statistic in 1973 was 4.8%. Meanwhile, the labor market seems to be ignoring all concerns raised concerning the new measures. Think about it. Suddenly, because they feel confident that a job may exist for them, 601,000 people got off the couch and looked for work.

Author: 0 Employment gains, job hunter influx clears way for rate hike

Wages were being carefully watched by economists for signs of inflationary pressures building in the economy, with average hourly earnings forecast to have risen 0.3% over last month in June and 2.8% over the same month a year ago. The Labor Department said that average hourly earnings rose five cents, or 0.2% in June after increasing 0.3% in May. Rising consumer spending, manufacturing output and exports are expected to have contributed to the gain, set to be officially reported later this ...

Money Acadiana soybean farmers brace for worst after China imposes tariffs
Author: 0 Acadiana soybean farmers brace for worst after China imposes tariffs

And he has promised that Friday's package of economic penalties will not be the last. The administration imposed 25 percent duties on $34 billion of imports from China, the first in a series of potential increases. Daimler said those costs won't be completely passed on to customers. "But what's happened increasingly, is suddenly it became much, much more hard for pork to clear customs and that becomes very expensive - especially with a perishable product, which can spoil in the port if ...

Money President Trump wants to lower oil prices, but isn’t entirely sure how
Author: 0 President Trump wants to lower oil prices, but isn’t entirely sure how

Geopolitical factors have rocked oil markets, with tensions in Syria, Yemen, and Venezuela all having their impact. But oil experts say that OPEC is already close to its maximum capacity. Trump's move comes as the world suddenly finds itself dangerously short of meeting rising global demand that's set to hit 100 million barrels per day by the fourth quarter, compared to 98.7 million during the same period a year ago.

Money The Good Kind Of Higher Unemployment
Author: 0 The Good Kind Of Higher Unemployment

Wages were also a bit of a disappointment, with average hourly earnings rising by 0.2% over the prior month and 2.7% over the prior year. The jobless rate in Calgary remained steady at 7.7 per cent. Major trade partners, including China, Canada, Mexico and the European Union, have retaliated with their own tariffs. But for now the sector, which accounts for about 12 per cent of the US economy, appears in good health.

Money Micron chip sales banned in China in patent dispute with Taiwan's UMC
Author: 0 Micron chip sales banned in China in patent dispute with Taiwan's UMC

The preliminary injunction enjoins Micron's Chinese subsidiaries from manufacturing, selling or importing certain Crucial and Ballistix-branded DRAM modules and solid state drives in China. In fact, Micron derived half of its fiscal 2017 net sales from the country. Analysts believe the ban is largely symbolic as hurting the US chipmaker would end up creating more pain for local Chinese firms who would have to rely on Korean firms Samsung Electronics and SK Hynix, pushing up memory chip ...

Money The dollar is sliding as US-China trade war materializes
Author: 0 The dollar is sliding as US-China trade war materializes

China is the biggest buyer of US soybeans, importing more than $12.4 billion worth of the oil seed in 2017. The Trump administration is poised to impose taxes on $50 billion of Chinese imports in high-tech industries, such as robotics, aerospace, and industrial machinery, in an attempt to punish Beijing for intellectual property theft and to rebalance a trade deficit.

Money Trump says NAFTA must wait for USA congressional polls
Author: 0 Trump says NAFTA must wait for USA congressional polls

Canada responded to the USA on Friday by imposing $12.6 billion in retaliatory tariffs against American products that will take effect on Sunday. The renewed call for negotiations also comes as Canada and the USA are swapping punitive tariffs on steel, aluminum and a host of consumer and agricultural products.

Money China's Yuan Reverses Course, Rises Against Dollar
Author: 0 China's Yuan Reverses Course, Rises Against Dollar

Beijing has said it will retaliate with tariffs on USA products. The benchmark Shanghai Composite Index gained 0.41% to 2 786.89 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, rose 0.76% to 1 594.24. World stocks rose on Tuesday, supported by gains in Europe and three straight days of tech-driven rises in the United States, even though markets across Asia and especially China remained in the grip of trade turbulence.

Money Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says
Author: 0 Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says

The war of words over oil prices continues between US President Donald Trump and Iran, and the latest salvo from Iran is for Trump to stop tweeting. Last month, Saudi Arabia and Russian Federation agreed to increase production and the USA continues to produce at record levels, however, unless there is a drop in demand, it appears we are headed toward a supply deficit later this year.

Money Is Donald Trump on a relentless quest to corner Iran?
Author: 0 Is Donald Trump on a relentless quest to corner Iran?

There have been reports all over the financial media that president Trump is demanding that Saudi Arabia increase production by 2 million barrels per day. Hook declined to say if the kingdom can offer that additional supply, but the USA is "working to minimize disruptions to the global market", Hook said.

Money Cabinet approves Rs 200 per quintal hike in MSP for paddy
Author: 0 Cabinet approves Rs 200 per quintal hike in MSP for paddy

One is to include cost of seed, labour (human, animal and machine), fertiliser, manure, insecticides and other miscellaneous costs which is denoted as A2 and add to it the family labour (FL). "This is not historic, it is simply hyped", said Avik Saha, convenor of the Jai Kisan Andolan. "With funding under stress, the government can't widen the scope of agri purchases", said Sanjay Mookim, India equity strategist at Bank of America Merrill Lynch .

Money Coinbase Custody Launches for Heavy Institutional Investors
Author: 0 Coinbase Custody Launches for Heavy Institutional Investors

The Coinbase Custody announcement also included other plans that the company has for expanding business. In a blog post, Coinbase said that "Custody" received its first deposit last week will continue to onboard new clients. The service will be initially available to institutional investors in the USA and Europe, but the company hopes to spread its wings to Asia by the end of this year.

Money Miki Sudo downs 37 dogs to win fifth women's title
Author: 0 Miki Sudo downs 37 dogs to win fifth women's title

The victory was not without drama, however. The defending champion won his 11th Nathan's Hot Dog Eating Contest on July 4. The 50-year-old has set 19 world records, and still holds the women's record at this event, set in 2012, when she consumed 45 hot dogs and buns.

Money Trump's tariffs 'undermine our ability to compete' (GM) — GM WARNS
Author: 0 Trump's tariffs 'undermine our ability to compete' (GM) — GM WARNS

The Dow Jones was 0.7% down as it opened for the first trading day of the second half of the year. The European Union has warned the United States that imposing import tariffs on cars and auto parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on US$294 billion of USA exports.

Money Chairman of Giant Chinese Conglomerate Dies in Fall
Author: 0 Chairman of Giant Chinese Conglomerate Dies in Fall

Social media posts about Wang's death appeared to have been censored on China's tightly controlled internet soon after the news was announced by the group. Wang was an inspirational figure at HNA and built the group into one of China's leading conglomerates after humble beginnings as a small provincial airline in Hainan Province.