Money

Money Fracking company Cuadrilla wants relaxation of quake rules
Author: 0 Fracking company Cuadrilla wants relaxation of quake rules

Little Plumpton is Cuadrilla's first fracking site since two earthquakes in 2011 - measuring 2.3ML and 1.5ML - halted work at its Preese Hall site near Blackpool. Yesterday was the second time Cuadrilla was forced to stop. "Micro seismic events such as these result in tiny movements that are way below anything that would be felt at surface, much less cause any harm or damage".

Money Erdogan inaugurates Istanbul Airport, one of world's largest
Author: 0 Erdogan inaugurates Istanbul Airport, one of world's largest

The inauguration ceremony took place on Republic Day, the 95th anniversary of the founding of the Turkish Republic. The "entire business" at Ataturk - including planes and equipment - will be moved to the new airport over a 45-hour period after the "hard opening" at the end of the year, Samsunlu added.

Money Government Invokes Never-Before-Used Powers To Direct RBI Governor
Author: 0 Government Invokes Never-Before-Used Powers To Direct RBI Governor

The meeting assumes significance as the FSDC is meeting for the first time after RBI Deputy Governor Viral Acharya raised the issues regarding the independence of the central bank. Unlike in the past, all four RBI deputy governors attended the FSDC meeting along with Dr. Patel. Government officials believe that RBI Governor Urjit Patel has some responsibility for the controversy, and he can not expect an extension of his current three-year term - which ends next September - "as his ...

Money Donald Trump expects 'great deal' with China over trade
Author: 0 Donald Trump expects 'great deal' with China over trade

The report sparked a wild ride on Wall Street on Monday, with the blue-chip Dow Industrials falling more than 900 points from its high and the benchmark S&P 500 closing within a whisker of confirming correction territory. The reports - all based on a Bloomberg article - say that the United States will place tariffs on the remaining $257 billion of Chinese imports not already subject to tariffs if there are no new developments in the ongoing trade spat.

Money Lion Air flight crashes after taking off from Jakarta: Indonesian official
Author: 0 Lion Air flight crashes after taking off from Jakarta: Indonesian official

The flight was en route to Pangkal Pinang on Bangka island, east of Sumatra. 'We can not give any comment at this moment, said Edward Sirait, chief executive of Lion Air Group. As of 9am there was no report about passengers or the plane crew, he said. Lion Air's flight JT-610 lost contact with air traffic control at about 6.33am local time (10.33am AEDT, 11.33pm BST).

Money IBM close to acquiring Raleigh-based Red Hat
Author: 0 IBM close to acquiring Raleigh-based Red Hat

Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone. A few minutes ago, we announced that Red Hat has signed an agreement to combine forces with IBM in the largest software company acquisition to date.

Money New York Attorney General Files Lawsuit On ExxonMobil Over Fraudulent Schemes
Author: 0 New York Attorney General Files Lawsuit On ExxonMobil Over Fraudulent Schemes

Michael Burger is a professor at Columbia Law School who specializes in climate change law. As the complaint alleges, Exxon told its investors that it used that proxy cost in its investment decisions, corporate planning, estimations of company oil and gas reserves, evaluations of whether its long-term assets remain viable, and estimations of future demand for oil and gas.

Money New York Attorney General Files Lawsuit On ExxonMobil Over Fraudulent Schemes
Author: 0 New York Attorney General Files Lawsuit On ExxonMobil Over Fraudulent Schemes

Michael Burger is a professor at Columbia Law School who specializes in climate change law. As the complaint alleges, Exxon told its investors that it used that proxy cost in its investment decisions, corporate planning, estimations of company oil and gas reserves, evaluations of whether its long-term assets remain viable, and estimations of future demand for oil and gas.

Money US Economic Growth Beats Forecasts
Author: 0 US Economic Growth Beats Forecasts

While that would mark a slowdown from 4.2 percent in the second quarter, it would still well exceed the economy's growth potential, which economists put at about 2 percent. On Wall Street, stocks were expected to open sharply lower amid fears about top technology stocks such as Amazon and Google-parent Alphabet, which reported disappointing results before trading began.

Money Dyson to manufacture electric cars at new Singapore plant from 2021
Author: 0 Dyson to manufacture electric cars at new Singapore plant from 2021

Dyson management said on Tuesday the decision was based on supply chains, access to markets and the availability of expertise, which offset the cost factor. If the firm's other products are any guide, it's likely to be innovative and carry a premium price tag - Dyson vacuums sell for up to £500 in the United Kingdom, and $700 in the United States, and the company once brought a $400 hairdryer to market.

Money Musk confirms Tesla Model 3 in Australia, UK by mid 2019
Author: 0 Musk confirms Tesla Model 3 in Australia, UK by mid 2019

The paper cited anonymous people familiar with the matter. Responding to the WSJ report, Tesla said that it was unaware of any formal investigation going on, but admitted that it provided documents on its " public guidance for the Model 3 ramp " to the Department of Justice earlier this year.

Money Jim Cramer Wishes Trump Would Shut Up About Fed
Author: 0 Jim Cramer Wishes Trump Would Shut Up About Fed

Powell "almost looks like he's happy raising interest rates". "Once you get to neutral, I think the Fed gets much more cautious about continuing to raise interest rates", she said. Fed officials raised their benchmark rate by 25 basis points in September. - Trump hits out at Fed policy for a second time in October . The remarks come as President Donald Trump has recently doubled-down on his Fed criticism.

Money Bound Volkswagen T-Cross (Creta Rival) Revealed FINALLY!
Author: 0 Bound Volkswagen T-Cross (Creta Rival) Revealed FINALLY!

Volkswagen presents its new T-Cross, the company's first small SUV, as it continues its SUV-offensive which began in 2015. There's also a long-wheelbase version, which measures 4,199 mm in length and 1,568 mm in height. The T-Cross gets Active Info Digital Cockpit Display, automatic climate controls, an electric sun-roof, 6 airbags, ABS, EBD and ESP besides hill start and traction control.

Money Plant City man wins $3 million in Mega Million drawing
Author: 0 Plant City man wins $3 million in Mega Million drawing

Unfortunately, the break means he'll need a hip replacement. "And then the staff came into the room and they were saying congratulations". "They didn't have to put money in for him, they didn't have to tell him he won, they're just honest good people and it's just a heartwarming story that there are nice people in this world".

Money Tesla, other domestics falter in 2018 Consumer Reports reliability survey
Author: 0 Tesla, other domestics falter in 2018 Consumer Reports reliability survey

Their survey collects data from Consumer Reports members about their experiences with more than half a million vehicles. Consumer Reports' prediction of new-car reliability is a key element of CR's Overall Score. 19, 23 and 25; and Fiat Chrysler Automobiles' Dodge, Jeep, Chrysler and Ram brands at No. 21, 22, 24 and 26, respectively. The redesigned Enclave SUV had a "Much-Worse-Than-Average" rating, with owners reporting problems related to the new nine-speed automatic transmission.

Money Snap is still losing users, blames its Android app
Author: 0 Snap is still losing users, blames its Android app

Where we were: Snap has fallen far behind the broader market year to date, as it's stock is down more than 52% since the start of 2018. That was on top of a previous drop from 191 million earlier this year , following an unpopular redesign which Snap's own chief executive, Evan Spiegel, called "rushed" and "frustrating".

Money Sri Lankan govt urged to condemn Khashoggi's killing
Author: 0 Sri Lankan govt urged to condemn Khashoggi's killing

Since becoming heir apparent a year ago, Prince Mohammed has won plaudits for reforms, including ending a decades-long ban on women drivers. The kingdom's de facto ruler vowed that those responsible for what he described as a "heinous crime" would be held to account, adding "justice will prevail".

Money China 'creates two billionaires a week'
Author: 0 China 'creates two billionaires a week'

Last year, 106 new billionaires were created there - equivalent to over two new billionaires being minted each week. Since the so-called Gilded Age at the turn of the 20th century, during which John D Rockefeller became the world's first billionaire, the United States of America and Europe have dominated lists of the super rich.

Money South Texas resident wins three million in Mega Millions drawing
Author: 0 South Texas resident wins three million in Mega Millions drawing

Each took home $528.8 million. But none won the grand prize. Lottery officials say someone has won the record $1.6 billion Mega Millions jackpot - but sadly, not in MI. The buyer of the ticket beat odds of one in 303 million to win the Mega Millions draw. You can see the results of that drawing tonight on your 5NEWS at 10.

Money One winning ticket sold in South Carolina for $1.6bn lottery jackpot
Author: 0 One winning ticket sold in South Carolina for $1.6bn lottery jackpot

Gordon Medenica , lead director of the Mega Millions Group, said: "The moment we've been waiting for finally arrived and we couldn't be more excited". Since Mega Millions modified the formula, players now pick five numbers from 1 to 70 and a Mega number of 1 to 25. The $1.6 billion prize reflects the annuity option, paid over 29 years.

Money Google fired 48 employees over 2 years for sexual misconduct: Sundar Pichai
Author: 0 Google fired 48 employees over 2 years for sexual misconduct: Sundar Pichai

In September, Trump said that the prices of Apple products could increase because of increased tariffs on China and urged the company to "make your products in the United States instead of China". Sundar Pichai, its chief executive, said that the technology company was taking an "increasingly hard line" on inappropriate conduct. Pichai says 48 employees have been terminated for misconduct in the last two years.

Money Twitter ad sales surge in third quarter, shares jump
Author: 0 Twitter ad sales surge in third quarter, shares jump

The company said the drop came from efforts to weed out fake and inauthentic accounts. Twitter has just achieved an entire year of earning a profit. Brian Wieser at Pivotal Research Group called the results "very strong" and said Twitter appears on track to continue making profits.

Money Amazon quarterly profit rockets tenfold to $2.9 billion
Author: 0 Amazon quarterly profit rockets tenfold to $2.9 billion

Another contributor, Amazon-Business is now hitting a $10 billion yearly run rate. If they can continue to grow its cloud, advertising, and subscription services, its margins will continue to improve and given Amazon's massive revenue , this is a good recipe for mega profits down the line.

Money 'Italy deserves respect!': MEP reacts with fury as European Union rejects budget
Author: 0 'Italy deserves respect!': MEP reacts with fury as European Union rejects budget

It is the first time that the commission has rejected a budget of a eurozone member, since it obtained the power to do so amid the 2013 sovereign debt crisis. The country's debt servicing cost is the highest in the bloc, amounting to about €65.5 billion ($75.21 billion) or 3.8 percent of GDP in 2017. With Five Star Movement leader, Luigi Di Maio, having previously declared that Italy would "no longer satisfy rating agencies and financial markets while stabbing Italians in the back", there is ...

Money Ryanair slammed for not removing racially abusive man
Author: 0 Ryanair slammed for not removing racially abusive man

Finally a cabin crew member approaches the man, saying: "You have to calm down", before the terrified woman is led to a different seat. "I know that if I was behaving like he was - or any other black person for that matter - police would have been called and we would have been kicked off the flight", she said.