Markets
HSBC to lay off 10000 more employees worldwide
Earlier, the bank announced plans to cut 4,700 people because of the complicated situation caused by low interest rates, trade conflicts and uncertainty surrounding Brexit , BTA recalls. Anxious about its position as the biggest foreign bank in China, HSBC launched a public-relations offensive aimed at leaders in Beijing, Bloomberg reported last month. [Full Article...]
China made no progress in deputy-level trade talks
However, the White House denied that Liu planned to leave Washington on Thursday. With trade talks between the world's two largest economies, the U.S. officials refuse to budge on the issue of tariff increases. Speaking to reporters a day before high-level trade talks resume in Washington, Trump said: "If we can make a deal, we're going to make a deal, there's a really good chance". [Full Article...]
Mark Zuckerberg to testify in US Congress on Facebook digital currency plan
The project also faces significant skepticism from global regulators wary of what a digital currency with a potentially massive scale could mean for the financial system. He did not agree to a suspension of the plan or a pilot project, as several lawmakers urged. The social media giant had originally agreed to send Facebook chief operating officer Sheryl Sandberg to the hearing. [Full Article...]
Hays Travel buys 555 Thomas Cook shops, saving up to 2,500 jobs
Sunderland-based Hays Travel, which claims it is the UK's largest independent travel agent, is buying the shops from the Official Receiver, which was appointed when Thomas Cook collapsed last month. Meanwhile, the company will consider the future of under-performing shops in places where Hays and Thomas Cook sites overlap. John and Irene Hays, managing director and group chairwoman of Hays Trave... [Full Article...]
Turkish army begins invasion of Syria with air strikes - Erdogan defends attacks
Turkey has long threatened an attack on the Kurdish fighters in Syria whom Ankara considers terrorists allied with a Kurdish insurgency within Turkey . Mr Erdogan said the USA troop withdrawal began soon after a phone call he had with Donald Trump . "There's a lot of reticence to test the proposition that the Turkish military is capable of carrying this out", said Eric Alderman, former am... [Full Article...]
OECD consulting on digital tax proposal
Researchers found that the additional tax recovered from corporate tax havens would mainly benefit the richest countries.The findings indicate that while there will be a 5% fall in profits booked in tax havens, around 80% of the redistributed profits will go to high income countries. [Full Article...]
Laramie Brewery Wins Gold Medal At 2019 Great American Beer Fest
The Davis brewery's Märzen was named the best American-style amber lager of the bunch after winning a silver medal previous year. The brewery won not one, but two medals at the national competition in Denver. "This year's GABF competition was the largest and most competitive to date", Great American Beer Festival competition manager Chris Swersey said in a Brewers Association statement. [Full Article...]
Gas prices in California soar
Gasoline prices in California have spiked to the highest in the nation. That's a nine cent drop from last week's average price in Butler. Some of the Golden State's drivers are paying $5.00 a gallon. The WTO authorized President Donald J. Trump to impose $7.5 billion in tariffs on European goods over a dispute with the aircraft maker Airbus on October 2. [Full Article...]