Markets
OECD cuts forecasts for global economic growth in 2019 and 2020
It too is expected to downgrade its economic forecasts, but analysts say it will not panic just yet, although any rate hikes from the European Central Bank are seen to be off the table until 2020 at least. China is moving more resolutely towards a fiscally expansive policy by slashing taxes and allowing for shadow banking to resume, This is then coupled with Beijing's announced further investmen... [Full Article...]
Goodyear Designs Tire That Could Help Cars Fly 03/06/2019
A completely innovative and at first mind-boggling concept has been presented by tyre giant Goodyear at this year's Geneva Motor Show . "With mobility companies looking to the sky for the answer to the challenges of urban transport and congestion, our work on advanced tyre architectures and materials led us to imagine a wheel that could serve both as a traditional tyre on the road and as a pr... [Full Article...]
Regulator grants lower Eskom tariff increases than asked for
The embattled state power utility - which is R420 billion in debt - had applied for increases of 17.1 % for 2019/20, 15.4% for 2020/21 and 15.5% for 2021/22. Consumers could pay 15-percent more for electricity if the Energy regulator grants Eskom the increase it's asking for . "The Eskom Board will deliberate further before deciding on how best to address the shortfall and we keenly await the ... [Full Article...]
France unveils plan to tax internet giants
According to Le Maire, the added tax would aim at least 30 companies, majority of which would likely to be American and Chinese, however, a few German, Spanish, British and French firms, alongside firms of French origins having bought by foreign companies, would also be required to pay that added taxation. [Full Article...]
Washington considering imposing secondary sanctions over Venezuelan crisis
They don't know how to respond to Venezuela's people. Hours earlier, Mr Guaido said police officials were among those at a meeting that he held with leaders of public employee unions, which rely heavily on subsidies from Mr Maduro's government to get by in a country suffering from hyperinflation and shortages of food and other necessities. [Full Article...]
Bugatti La Voiture Noir Is a $12.5 Million One-Off Atlantic Tribute
Globally, there are four examples of the 57 Atlantic available today. The new vehicle is reportedly a homage to Bugatti's legendary Type 57 SC Atlantic, which was produced in the 1930s. The auto is still quintessentially Bugatti, with a front end that's closer to the aerodynamic Divo than the O.G. Chiron on which it's based. A sky view glass panel will be offered as standard on the special edi... [Full Article...]
Aurora Cannabis Inc (ACB) Given Average Recommendation of "Buy" by Brokerages
With 32.09 million avg volume, 2 days are for Aurora Cannabis Inchares (NYSE: ACB)'s short sellers to cover ACB's short positions. Investors may be studying recent technical signals on shares of Cryoport Inc (CYRX). Cowen started coverage on shares of Aurora Cannabis in a report on Tuesday. Technical traders often use the weighted alpha to help identify stocks that are building momentum. [Full Article...]
Powerball lottery jackpot jumps to $414M with no top prize victor again
If there is no jackpot victor, the amount grows larger for the next drawing. The winning numbers were 06-10-21-35-46 , Powerball 23, and Power Play 2X, according to the Powerball website . The 1984 Phillipsburg High School graduate is many millions of dollars richer than he was just a few days ago. No one has won the top prize since David Johnson, a 56-year-old supermarket worker from Brooklyn... [Full Article...]