Markets

Stocks split as uncertainty reigns in US-China trade talks

Stocks split as uncertainty reigns in US-China trade talks Asian stocks had their worst day since August. The Chinese-ruled city was beset by protests over the weekend after the death of a student who fell from a parking garage while police were trying to disperse crowds the week before. "China would like to get somewhat of a rollback, not a complete rollback because they know I won't do it". In fact, President Trump poured could water on Friday ove... [Full Article...]

Prosus sticks with $6.3 billion Just Eat bid but lowers threshold

Prosus sticks with $6.3 billion Just Eat bid but lowers threshold Just Eat had previously agreed on the terms of a £4.7billion all-share deal with Takeaway.com, which is lower than Prosus' offer. The move follows an announcement last week by its rival bidder, Takeaway.com , which also said that its offer will go through if 75 per cent of Just Eat shareholders accept. [Full Article...]

Snow causes airplane to slide off runway in Chicago

Snow causes airplane to slide off runway in Chicago According to the Associated Press, the airplane was trying to land at O'Hare International Airport when it slid off the runway about 7:45 a.m. on November 11. Some 236 flights have reportedly been canceled at the airport already, and a further 93 have been canceled at nearby Midway airport . The National Weather Service has issued a winter weather advisory for parts of Chicago until 3 p.m. [Full Article...]

Slowdown Blues: Industrial output shrinks 4.3% in September

Slowdown Blues: Industrial output shrinks 4.3% in September In September 2018, the factory output had expanded by 4.6 per cent. A slowdown was witnessed in the manufacturing sector, which declined by 3.9% in September as compared to 4.8% growth a year ago. On passenger vehicle sales growing by 0.28 per cent in October, Pant said: "It will provide some support to plunging IIP growth". As many as 17 of the 23 industry groups in the manufacturing sector... [Full Article...]

Woz: Apple should 'share responsibility' for sexist Apple Card

Woz: Apple should 'share responsibility' for sexist Apple Card The algorithm that determines the credit limit for users of Apple's new credit card, which launched in the United States in August, is facing an investigation because it appears to give men higher limits than women. "We have not, and will not, make decisions based on factors like gender", the bank said. Hansson is the founder and chief technology officer at web development firm Basecamp. [Full Article...]

Uber CEO regrets calling Khashoggi death 'mistake'

Uber CEO regrets calling Khashoggi death 'mistake' It's widely believed the journalist was killed under the direct orders of Crown Prince Mohammed bin Salman, commonly known as MBS, and some reports even claim that MBS was on a video chat with his assassins as the journalist was brutally tortured. [Full Article...]

British Airways faces criticism for emitting more Carbon dioxide by 'fuel tankering'

British Airways faces criticism for emitting more Carbon dioxide by 'fuel tankering' The cost of a single flight savings may be just over £10 - although the savings may be as high as hundreds of pounds. The researchers estimate that one-fifth of all flights in Europe involve fuel transportation. If anything, the extra fuel load crews. It is bad for the envrionment because carrying unneeded fuel makes a plane heavier, and ultimately means it emits more carbon products . [Full Article...]

OpenText Corp. to buy cloud-focused Carbonite Inc. for US$1.42 billion

OpenText Corp. to buy cloud-focused Carbonite Inc. for US$1.42 billion Including debt the enterprise value of the Open Text deal is $1.4 billion. Carbonite's shares are down 27% so far year to date, after a sharp fall in July when it cut its annual revenue forecast and announced Chief Executive Officer Mohamad Ali had made a decision to step down. [Full Article...]


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