https://i.dawn.com/large/2018/10/5bc7eabd6a842.jpg

Economy

President Donald Trump on Wednesday denied covering up for ally Saudi Arabia in the suspected murder of a critical journalist and said that he should know what happened to Jamal Khashoggi within days. "But it may cause them to limit some of the excesses that we have seen recently". Earlier, they spent almost nine hours in the Saudi consul's residence along with Saudi investigators.
  • Mega Millions grows to $548M making it third-largest jackpot in history

    Mega Millions grows to $548M making it third-largest jackpot in history

    Economy

    There was a $3 million winning ticket sold in Arkansas. Not bad for a couple of $2 tickets. Need a lucky spot to get your Mega Millions ticket? It was the 22nd consecutive drawing that no one matched all six numbers. The winning numbers were 20-22-39-54-60 and a Mega Ball of 18. Matching four white balls and the Mega Ball will get you $10,000. The Powerball drawing is Saturday night and the jackpot is $314 million.
  • US Treasury Secretary ‘Won’t Lose Any Sleep’ Over China Selling US Bonds

    US Treasury Secretary ‘Won’t Lose Any Sleep’ Over China Selling US Bonds

    Economy

    The US Energy Department said it would make it more hard to ship nuclear technology to China, one of the few growing markets for new plants as the Asian economy tries to meet rising electricity demand through low-carbon sources. But as USA interest rates have risen, the U.S. dollar has strengthened further, which makes American exports more expensive. The jibe hits at a sensitive area for the U.S.
  • Wall Street plunges as investors seek safety

    Wall Street plunges as investors seek safety

    Economy

    More than a quarter of stocks on the Shanghai exchange fell by their 10 percent daily limit, according to Bloomberg, as the Shanghai Composite Index hit lows not seen since 2014. Stocks are opening modestly lower on Wall Street following volatile trading in Asia and Europe. Bets on market calm, measured by the number of contracts shorting futures for the CBOE Market Volatility Index.VIX compared to long contracts, are at a higher level than before the market correction, according to data ...
  • Facebook hoax hitting inboxes telling users their accounts been cloned

    Facebook hoax hitting inboxes telling users their accounts been cloned

    Economy

    A viral hoax is spreading across Facebook , prompting officials to warn against heeding the fake messages about cloned accounts. The message falsely instructs users to forward the warning to their friends claiming that cybercriminals were likely to mimic their accounts and send duplicate friend requests .
  • EU Tells May To Be Serious About Brexit Deal

    EU Tells May To Be Serious About Brexit Deal

    Economy

    The four-day conference has been dominated by divisions over Britain's impending departure from the European Union, with pro- and anti-EU camps both criticizing the prime minister's negotiations with the bloc. The pressure she is under from some in the party was underlined less than an hour before she was due to speak when Conservative lawmaker James Duddridge said he had submitted a letter calling on her to resign.
  • Rupee falls below 74 against dollar as RBI keeps repo rate unchanged

    Rupee falls below 74 against dollar as RBI keeps repo rate unchanged

    Economy

    An expected rate hike would be the Reserve Bank of India's (RBI) third this year, after it lifted borrowing costs in June and August. Rupee slipped to a record low 74.22 per dollar, down 64 paise from previous close 72.58 per dollar. The rupee has depreciated around 15% in 2018 and is the worst-performing currency in Asia. Surge in global crude oil prices and weakness in the rupee could push the officials to raise rates, but importantly focus will be on whether central bank raises its ...
  • Oil Falls but Stays Near Four-year Highs

    Oil Falls but Stays Near Four-year Highs

    Economy

    The most-active December Brent crude futures contract LCOv1 settled up 59 cents at $81.38 a barrel, below the session high of $81.90 but still within sight of Tuesday's four-year high of $82.55. Global trade conditions seemed worsened. The next three months are a "special situation", given the sanctions on Iranian oil set to begin in early November, which is "already reducing their exports", said Williams.
  • Tesla Shares Jump; Elon Musk Says Company Close To Achieving Profit

    Economy

    US securities regulators settled a lawsuit against Musk alleging that he made false and misleading statements about plans to take the company private in August. The SEC said the company had no way to determine if his tweets contained information that must be disclosed in corporate filings, or if they contained complete and accurate information.
  • New NAFTA deal reached, according to multiple sources

    New NAFTA deal reached, according to multiple sources

    Economy

    The question of how to deal with the hefty tariffs that Trump imposed on Canadian steel and aluminum earlier this year is still being discussed, the Canadian official said. "Today, Canada and the United States reached an agreement, alongside Mexico, on a new, modernized trade agreement for the 21st Century: the United States-Mexico-Canada Agreement (USMCA)", the US and Canada said in a joint statement.
  • Instagram co-founders set to leave firm after friction with Facebook officials

    Instagram co-founders set to leave firm after friction with Facebook officials

    Economy

    Shortly after the news broke, Systrom confirmed his and Krieger's departure on the Instagram blog. "Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents", wrote Zuckerberg. "Since Facebook acquired Instagram in 2012 the platform has gone from strength to strength", says Ben-Itzhak. Given Facebook's slowing growth and newer challenges, the company's leadership saw Instagram as the next obvious golden goose.
  • Passengers suffer nose, ear bleeds on Jet Airways flight

    Passengers suffer nose, ear bleeds on Jet Airways flight

    Economy

    With a major Around 30 passengers on a Jet Airways - a Boeing 737 Mumbai-Jaipur flight suffered ear and nose bleeds owing to low cabin pressure during the flight's climb, as the leading news agency ANI reported. "All guests were deplaned safely and taken to the terminal". Narrating the horrific incident, a passenger, Darshak Hathi, said, "After we took off the AC malfunctioned, then air pressure system malfunctioned too and oxygen masks came out.
  • WTI near $68 as Iran sanctions bite into supply | Markets & Investment

    WTI near $68 as Iran sanctions bite into supply | Markets & Investment

    Economy

    Crude Oil WTI Futures for November delivery dropped 0.45% to $68.37 a barrel at 10:47PM ET (02:47 GMT), while Brent Oil Futures for November delivery also went down 0.63% to $77.56 per barrel. Iranian crude oil export loadings have declined by 580,000 bpd in the past three months, Bank of America Merrill Lynch analysts said in a note to clients.
  • Sadiq Khan claims London's police are preparing for

    Sadiq Khan claims London's police are preparing for "civil unrest" after Brexit

    Economy

    Speaking to BBC's Andrew Marr earlier today, he said: "Let me tell you the facts, which are that the police now are preparing for the possibility of civil unrest". Requirements for a "backstop" arrangement at the Irish border, contained in December's agreement between Mrs May and European Commission president Jean-Claude Juncker, would leave the United Kingdom a "vassal state" of the EU, the former foreign secretary warned.
  • Strawberry sabotage: WA not affected by needle contamination

    Strawberry sabotage: WA not affected by needle contamination

    Economy

    Contaminated strawberry products were distributed across Queensland , Victoria and New South Wales. A 21-year-old Burpengary man who bit into a strawberry with a needle inside it on Monday told The Courier Mail he ended up in hospital after swallowing part of it.
  • Amazon's Jeff Bezos unveils $2 billion philanthropic fund

    Amazon's Jeff Bezos unveils $2 billion philanthropic fund

    Economy

    Bezos said the Day 1 Family Fund would issue grants every year to groups and organizations that provide shelter and food to young families in need. Bezos said early childhood education is a critical area and that "the money spent there is going to pay very big dividends for decades".
  • Petrol Touches Rs.90.11 In This City

    Petrol Touches Rs.90.11 In This City

    Economy

    On Monday, the petrol per litre in Andhra Pradesh were sold at Rs ₹ 85.60 and diesel at Rs 79.22 per litre. Diesel was priced at Rs 77.47 per litre in Mumbai on Tuesday. AIMTC's Gupta adds, "If they wish they can make our lives easier, now the small farmers are failing to cope with the price revisions every day, we are heavily reliant on this fuel, the changing prices not being put under a uniform ambit are hurting us the most, there has to be a rollback urgently".
  • British Airways travelers' credit card details hacked

    British Airways travelers' credit card details hacked

    Economy

    The airline also made it clear that the stolen data did not include passport details. Cruz said the British Airways informed customers affected by the attack on Thursday and advised them to contact their bank or credit card provider and follow their recommended advice.
  • China's trade surplus with United States hit new record in August

    China's trade surplus with United States hit new record in August

    Economy

    Earlier speculation was that those tariffs , proposed in July, would take effect in early October, though trade associations have been gearing up for the announcement to come as early as the end of this week. "We want lower (trade) barriers across the board", Kudlow said. Washington has long criticised China's huge trade surplus with the United States and has demanded Beijing reduce it.
  • China's richest man Jack Ma will retire on Monday

    China's richest man Jack Ma will retire on Monday

    Economy

    Ma has been backing away from Alibaba over the past few years, stepping down as chief executive officer in 2013 but remaining very involved in the company's strategic planning, according to the Times . At events, he is often met with screaming fans. Previous year he met with US President Donald Trump, who described him as "smart" and "open minded".
  • Amazon joins $1 trillion club, on pace to overtake Apple

    Amazon joins $1 trillion club, on pace to overtake Apple

    Economy

    Amazon has impressed investors by successfully diversifying its business into virtually every corner of the retail industry, altering how consumers buy products and putting major pressure on many brick-and-mortar stores. Shares of the e-commerce giant gained about 2% in trading on Tuesday to hit an all-time high of $2,050.27. In the second quarter, AWS booked $6.1 billion in sales (up 49%), and generated an operating income of $1.64 billion (up 79%).