Markets
End of the road for Volkswagen’s iconic Beetle
Although in some European markets it has been discontinued, and in others like Germany it's only available to order in cabriolet form, VW USA was saying it had no plans to discontinue the model in the US at that time. Beetle sales fell 31 per cent in the eight months ended August 31 from the same period a year earlier. Passenger auto sales have been plunging in the U.S.in recent years as Amer... [Full Article...]
Man jailed in Italy for writing fake TripAdvisor review: company
The judge found that writing fake reviews under a false identity was a crime under Italian law. Hospitality businesses in the US are more likely to sue people who post slanderous comments on sites like TripAdvisor, while others have been forced to pay massive fines for invalidating negative reviews . [Full Article...]
BMW Motorrad develops a self-driving R 1200 GS adventure bike
In it, the driverless motorcycle starts its engine and then takes off down a track. It even handles turns and braking to a full stop, and it props itself up without spilling over. The bike would become able to analyze whether a rider is at risk and, like in a vehicle, warn or intervene to avoid a crash. There is still ways to go before motorcycle safety technologies catch up to the ones already ... [Full Article...]
Majority of American voters oppose impeaching Trump
President Donald Trump likes to boast about the strong USA economy on the campaign trail, but so far that success is not translating into higher approval ratings for the president. In addition, the poll showed that voters disapprove by 72-18 percent of the job Congress is doing, and 58-27 percent said Congress should serve as more of a check on President Donald Trump . [Full Article...]
USA companies in China are ‘suffering’ in trade war, survey says
A trade war is ultimately about who has more to lose. Beijing has issued a list of $60 billion of American products for retaliation if Trump's next tariff hike goes ahead. His first round of tariffs this summer hit US$50 billion in Chinese products like high-end technology parts and manufactured goods, while Beijing fired back dollar-for-dollar at USA soybeans, autos and other farm goods. [Full Article...]
New Apple Watch Series 4 steals the show
AppleInsider talks about, and breaks down everything you need to know about Apple's "Gather round" event and the imminent releases of the iPhone XS, iPhone XS Max , iPhone XR , and Series 4 Apple Watch. Release date: The iPhone XR will be available in three different variants - 64GB, 128GB and 256GB. The bigger question is whether you consider the iPhone XR's $750 a reasonable price for a ... [Full Article...]
Amazon CEO Jeff Bezos Announces $2 Billion Fund to Help Homeless Families
Gates Foundation and the Gates Learning Foundation.) The organization, which is focused on global health and education, has distributed $46 billion to grant recipients through past year. But he paraphrased Washington Post editor Martin Baron as saying that "the adminstration may be at war with us, but we are not at war with the administration". [Full Article...]
Turkey stuns market with massive interest rate hike
The Turkish central bank on Thursday hiked the one week repo auction rate 625 basis points from 17.75 per cent to 24 per cent, significantly higher than the Bloomberg consensus of 21 per cent. At 1122 GMT, it stood at 6.15. The next two Monetary Policy Committee meetings are to be held in October. But Erdogan - who has been accused by critics of pressuring the nominally independent centr... [Full Article...]