Markets
Fracking company Cuadrilla wants relaxation of quake rules
The company said fracking would cease for 18 hours before it restarted. The drilling giant classed the 1.1 local magnitude (ML) event as a "red" incident based on the Oil and Gas Authority's traffic light warning system. Cuadrilla expects the work to last for three months before it tests the gas it has collected. "This is the latest micro seismic event to be detected by the organisation's hi... [Full Article...]
Record low user growth at Facebook
Facebook announced the results as it strives to fend off concerns about how well it protects the data of users and defends against use of the site to spread misinformation aimed at swaying elections. As Facebook user growth has tapered off, its ad sales had continued to surge as it found ways to better target ads to draw clicks and views. Future revenue growth depends on Facebook's ability to s... [Full Article...]
Sydney man’s squatters rights earns him $1.7m property court win
Over 20 years, he renovated and rented out the property. Further repairs to the tune of A$108,000 were carried out in 2014. Property records show the 498 square metre, three-bedroom, one-bathroom, one auto space house was most recently advertised for rent at A$600 per week. [Full Article...]
Erdogan opens new Istanbul Airport, planned to be world’s largest
Erdogan ended years of speculation about the name of the new airport, saying that it'll be named " Istanbul Airport". The airport's inauguration was held on October 29, a national holiday, with this year marking the 95th anniversary of the founding of the Turkish Republic in 1923. [Full Article...]
US Restrict Exports to Chinese Chip Maker Over Technology Theft
The company also stands accused of stealing proprietary information from a USA company, Micron Technology . The three companies are now duking it out in USA and Chinese courts. U.S. President Donald Trump has imposed tariffs of up to 25 per cent on US$250 billion of Chinese goods in an effort to pressure Beijing to roll back those plans. [Full Article...]
Urjit Patel considering resigning as RBI governor after rift with govt
They said the RBI should not air confidential matters in public and expressed fears it could tarnish India's image among investors. The central bank should ensure sufficient liquidity in the system and prevent a spillover of the defaults by the Infrastructure Leasing & Financial Services Ltd. [Full Article...]
GE slashes dividend and reveals bigger investigation by US regulators
The company on Tuesday cut its dividend to a penny, from 12 cents per share, a move that could hurt individual investors who rely on income from dividends . Analysts had expected 20 cents a share, according to Refinitiv data . On the dividend cut, the only surprise was that GE kept it at all, Aguilar said, but "unfortunately sometimes you have to go through some short term pain for some sh... [Full Article...]
Goop Sells Potentially Dangerous Pregnancy Product, Breaches 113 U.K. Advertising Laws
The groups alleges that Goop broke advertising law in at least 113 cases, according to The Sunday Times newspaper, which first reported the complaint. "Just because Gwyneth has an Academy Award, it does not mean that Goop should be given an easy ride compared to other big corporations", Thomason went on. [Full Article...]