Markets

Australia’s Qantas Tests 19 ½-hour London-Sydney Flight

Australia’s Qantas Tests 19 ½-hour London-Sydney Flight The London to Sydney flight comes after Qantas' non-stop NY to Sydney service last month , with a third research flight planned by the airline . House of Travel commercial director Brent Thomas said Sydney-London flights could be a "game changer", especially for South Islanders. "Instead of having three flights you only have two". [Full Article...]

SAA cancels flights due to strike action

SAA cancels flights due to strike action The National Union of Metalworkers of South Africa (Numsa) and the South African Cabin Crew Association (Sacca) yesterday released a joint statement in which they condemned SAA for informing workers of its intention to restructure and retrench workers through a media statement. [Full Article...]

Metro Vancouver transit talks collapse, job action by bus drivers due Friday

Metro Vancouver transit talks collapse, job action by bus drivers due Friday Talks between the union representing over 5,000 Coast Mountain Bus Company workers and their employer have once again broken down. Muschamp, 18, said he has taken taxis home from work late at night when buses didn't show, but it's too expensive at about $25 a ride. [Full Article...]

China’s Digital Currency Will Provide ‘Controlled Anonymity’, Official Reveals

China’s Digital Currency Will Provide ‘Controlled Anonymity’, Official Reveals Market observers, however, believe the country's "over-obsessive control and governance" could be the driving factor behind the Digital Currency Electronic Payment (DCEP ). As previously reported by CasinoGamesPro , gambling is now illegal on the territory of mainland China. "At the same time it will keep the balance" to allow for things like anti-money-laundering actions and combating the fin... [Full Article...]

United Kingdom unemployment rate dips to new 45-year low

United Kingdom unemployment rate dips to new 45-year low The level of employment dropped by 58k in the three months to September, albeit the fall was much smaller than market expectations for a larger fall but in keeping with the wide deceleration seen in hiring activity in recent month. The labour market appears to be holding up but the latest figures will be seen as a sign it could be fraying, with the number of vacancies declining for a ninth month i... [Full Article...]

Elon Musk: Berlin 'gigafactory' will build Teslas starting with the Model Y

Elon Musk: Berlin 'gigafactory' will build Teslas starting with the Model Y Musk had said in June a year ago that Germany is the frontrunner for its first factory in Europe . Tesla announced last month that it expected to start production in Europe in 2021. The German government has been wringing its hands because the country is way behind its stated - and now unachievable - goal of putting 1 million e-cars on the roads by 2020. [Full Article...]

Fed Chief Powell: 'Sustained Expansion' Likely for US Economy

Fed Chief Powell: 'Sustained Expansion' Likely for US Economy While many presidents may have been unhappy with Fed policy, none have been as vocal about it as Trump. Ted Cruz , R-Texas, pressed him on how higher tax rates would affect the economy, including wealth taxes that have been proposed by Democratic presidential candidates Elizabeth Warren and Bernie Sanders . [Full Article...]

Facebook has shut down 5.4 billion fake accounts this year

Facebook has shut down 5.4 billion fake accounts this year That more than doubles the number of fake accounts taken down during the same period a year ago, when 1.55 billion accounts were removed, according to the report. The company attributed that gap to the different features of Instagram compared to Facebook, which has more easily-scannable text content, and to the complexity of distinguishing between genuinely harmful content and frank accounts from ... [Full Article...]


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