Markets

A Middle Eastern Airline Is Scorching Trump's Electronics Ban On Twitter

A Middle Eastern Airline Is Scorching Trump's Electronics Ban On Twitter

Turkish Airlines followed suit, and shared an advert to celebrate passengers having watched more than 2 billion minutes of entertainment while flying over the year. Egypt, Turkey, Saudi Arabia, Jordan, Kuwait, Qatar, Morocco and the United Arab Emirates will be affected by the ban, and the United Kingdom later announced their own version, directed at Egypt, Tunisia, Jordan, Lebanon, Saudi Arabia, and Turkey. Read More

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Brazil meat-packing giants 'exported rotten beef'

Senior Brazilian Government representatives apparently flew to Beijing over the weekend to try to resolve the issue. His calls for a ban were echoed by John Comer, president of the Irish Creamery and Milk Suppliers Association (ICMSA), the revelations should prompt an immediate ban on Brazilian beef and poultry imports into the European Union until some degree of trust and confidence can be restored. Read More

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In Syrian city, an orderly evacuation of rebels

In Syrian city, an orderly evacuation of rebels

Homs governor Talal Barazi told Reuters 400 to 500 fighters would evacuate on Saturday, along with their family members. The agreement underlines Syrian President Bashar al-Assad's upper hand in the war, as more rebel fighters opt to leave areas they have defended for years in deals that amount to negotiated withdrawals to other parts of the country. Read More

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Tesla raises $1.2B ahead of production of Model 3 sedan

The amount raised is reportedly about 20 percent more than what was planned. Tesla is offering to sell 1,335,878 common shares at $262 per share, for a total of $350 million, the electric vehicle maker said in a SEC filing on Friday. The notes will mature on March 15, 2022, Tesla said. The capital raise removed "an overhang on the stock", in the eyes of investors, wrote analyst Jamie Albertine of Consumer Edge Research, given uncertainty over how Tesla would meet its robust spending ... Read More

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Walmart buys indie online retailer Modcloth

Walmart buys indie online retailer Modcloth

ModCloth, which has more than 300 employees, will continue to be based in San Francisco, Los Angeles and Pittsburgh, but will join the Walmart e-commerce retail organization. Modcloth always branded itself as a hip, quirky, independent retailer for smart, bookish girls; being acquired by a mega-corporation best known for union-busting and underpaying their workers is, to say the least, ironic. Read More

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G20 finance ministers meet as America First casts pall

In a thinly disguised broadside at the new United States administration, which has signalled it intends to roll back Wall Street regulation, Mr Schaeuble said: "I'm fully aware that many of you in the room are not fans of regulation". "We established a good foundation on which to solve problems". The gathering in Baden-Baden will be the first occasion for the leaders to discuss global economic challenges since US President Donald Trump took office in January. Read More

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Brevard deputy rescues women from path of cruise ship

Brevard deputy rescues women from path of cruise ship

An account posted to the Port Canaveral Pilot Association website credited a Port Canaveral harbor pilot and a Brevard County Marine Unit Deputy with saving the jet skiers "from possible serious injury or worse". "If someone gets too close to one of these cruise ships when they're not supposed to, there's no way it's going to be safe", Murray said. "I've had some close calls with small pleasure boats". Read More

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Berlin airports disrupted again by ground-handling strike

Berlin airports disrupted again by ground-handling strike

Tens of thousands of passengers were stranded in Berlin on Friday as a strike by ground staff led to the cancellation of almost 700 flights operated by airlines including Air Berlin, Ryanair and Lufthansa. IRISH travellers are facing further uncertainty after a strike at Berlin's two main airports was extended further. The ground handling agency responsible for passenger loading and aircraft turnarounds has once again called on a 25-hour strike over pay. Read More

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Rate hikes: GCC braces for higher cost of funds and currency appreciation

Rate hikes: GCC braces for higher cost of funds and currency appreciation

SM Investments Corp. was the biggest loser on Friday after its shares fell 9.2 percent on last minute selling. Savings accounts, CDs, and money market vehicles are all likely to provide somewhat higher income when interest rates increase. That's not happening this time. We could be in for a volume-light session, compounding the probability of another snooze-fest for U.S. markets ahead of tomorrow's Fed decision. Read More

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Oil prices fall to three-month lows on rising U.S. inventories

The market's volatility surged the most since before the 2014 price crash started after a government report showed US inventories reached a record. Persistent concerns surrounding an increase in U.S. The nation's active oil-rig count has nearly doubled since May to 617 last week, according to Baker Hughes. Saudi Arabia has made the largest cuts of the OPEC countries, and as the largest exporter in the world, the country tends to drive OPEC policy. Read More

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Bus runs into crowd in Haiti, killing at least 34 people

Bus runs into crowd in Haiti, killing at least 34 people

The incident took place about 150km from the capital, Port-au-Prince. The musicians were performing in a rara parade, a Haitian tradition popular in the days leading up to Easter, in which musicians and their audience fill the streets. The bus was travelling from Cap Haitien to Port-au-Prince at the time of the incident. Rara is a type of Haitian music played on traditional instruments, with onlookers often joining in the procession. Read More

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Mortgage rates hit high for 2017 after big one-week spike

Mortgage rates hit high for 2017 after big one-week spike

Other key rates also rose. Thirty-year fixed and 15-year fixed rates moved slightly higher, while 5/1 ARM rates were unchanged today, according to a NerdWallet survey of mortgage rates published by national lenders on Friday morning. The refinance portion of the index increased 5 percent to its highest level since December. A year ago at this time, the 15-year FRM averaged 2.96%. A year ago at this time, the 30-year FRM averaged 3.68%. Read More

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