Markets

U.S. and Australia form scrum to break China's rare-earth grip

U.S. and Australia form scrum to break China's rare-earth grip Rare earth metals are used in many devices that people use every day, such as computers, DVDs, rechargeable batteries, cell phones, catalytic converters, magnets, and fluorescent lighting. Resources Minister Matt Canavan and US Commerce Secretary Wilbur Ross met in Washington last week and agreed to work together on financing projects related to critical minerals, including rare earths and other m... [Full Article...]

Uber loses license in London over safety failures

Uber loses license in London over safety failures In 2017, Transport for London decided that Uber's platform was not "fit and proper" for city residents. As usual, Uber demands an appeal after TfL announced their decision. The company is already faced with a wave of rivals in London . British and Dutch regulators past year fined Uber for failing to protect customers' personal information during a 2016 cyber-attack involving millions of u... [Full Article...]

More than 2.6 billion 5G subscriptions worldwide by the end of 2025

More than 2.6 billion 5G subscriptions worldwide by the end of 2025 The new wireless networks will cover up to 65% of the global population by then, and handle 45% of all mobile data traffic , the networking giant predicted. According to Ericsson , the current development momentum of 5G suggests that its subscriber growth will be much faster than LTE. Notably, telecom majors in most of the regions globally have started to switch to 5G networks with governments... [Full Article...]

Papa John’s Founder Vows "Day of Reckoning" Will Come

Papa John’s Founder Vows Schnatter, who founded the company in 1984, believes it is now being mismanaged. Schnatter resigned from Papa John's in July 2018 after he admitted to using a racial slur on a company conference call. Schnatter stepped down as the public face of Papa John's at the end of 2017 after he publicly criticized NFL leadership over football players' protests during the national anthem. [Full Article...]

Caltex board ponders $8.6 billion takeover offer

Caltex board ponders $8.6 billion takeover offer Caltex operates Australia's third-largest refinery at Lytton in Brisbane which produces around 6.5 billion litres of fuel a year - or around 25 per cent of refining capacity and 10 per cent of total fuel consumption. "Given the complexity of the transaction, including the divestiture of non-retail assets, we conclude that Couche-Tard management foresees significant upside to the retail fuel and co... [Full Article...]

Citi Bank fined a record £44m by Bank of England

Citi Bank fined a record £44m by Bank of England Applying its largest fine ever, the central bank's Prudential Regulation Authority said Tuesday that between June 2014 and December 2018, three United Kingdom units of the Wall Street bank had significant flaws in the systems they used to report financial information to regulators, as well as failings in internal governance. [Full Article...]

Aston Martin DBS Superleggera Concorde Edition celebrates airspeed

Aston Martin DBS Superleggera Concorde Edition celebrates airspeed Making today's announcement even more timely, the launch of the DBS Superleggera Concorde coincides with the last Concorde flight when G-BOAF touched down on 26 November 2003. Pieces of titanium compressor blades from the supersonic bird have been turned into paddle shifters, and embossed solid aluminum seatbelt buckles shine the Concorde again. [Full Article...]

Grab an Xbox One S deal from $149 this Black Friday

Grab an Xbox One S deal from $149 this Black Friday While the Xbox One S won't accept physical discs, it is an affordable way to get your eyes on some the best Xbox One games out there - some of them may even be discounted as part of the Black Friday game deals discounts. $249.99 $149 at WalmartIf you don't want the hassle of a physical collection, this All Digital Edition is the best Black Friday Xbox One deal for you. [Full Article...]


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