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Oil price jumps as Opec keeps output steady

The bank said it expects Brent and WTI to average US$85 and US$76 per barrel, respectively, over the next six months. Iran's production "is going to be significantly less than it was, and probably lower than most people expected when the sanctions were announced", Luckock said at the APPEC event. Read More »

Michael Kors Is Close to Buying Versace for $2 Billion


Donatella Versace , pictured in her studio this year, has run the label since her brother was murdered. USA fashion group Michael Kors Holdings Ltd has sealed an agreement to take control of Italy's Gianni Versace SpA, three sources familiar with the matter said on Monday, adding that an official announcement would be made this week. Read More »

Sleep in coffin for 30 hours, earn $300 in creepy contest


The competitors are allowed to bring a friend during the operating hours, but once the park closes, coffin dwellers must go it alone. Louis is celebrating its 30th anniversary with a macabre contest, promising prizes to anyone who can spend 30 hours inside a coffin. Read More »

OPEC, allies agree not to further increase oil production

Trump wrote on Sunday. This time, the deepening trade war between the US and China threatens economic growth in Asia and turmoil in emerging countries could amplify the impact of higher prices on global demand growth. OPEC put Iran's current production at 3.58 million bpd, down some 300,000 bpd from the start of the year, according to OPEC's secondary sources such as researchers and ship-trackers. Read More »

Porsche to stop making diesel cars

Blume's statement comes months after Porsche stopped taking orders for its diesel variants in February, roughly 10 years after its first diesel vehicle hit the roads. Autocar revealed in February that the firm had discontinued its only two diesel models , the Macan S Diesel and Panamera 4S Diesel , due to a fall in customer demand and the introduction of stricter emissions tests. Read More »

Are We Experiencing a Ripple Rally? Price Indicates Yes


This happened on Friday when Ripple gained more than 70 percent of the market capitalization in a matter of just 24 hours. But even then, the success was short-lived. Last year's bull-run raised cryptocurrency's profile around the world to a feverish pitch. In addition, there has always been a very controversial theory that has become very topical in recent days suggesting that XRP could rise to $589 if it replaces the current SWIFT standard. Read More »

Michelle Guthrie Dumped As ABC Boss


In her statement Guthrie said at no point were issues about the transformation she was leading were raised with her. While it's nice to see so many people invested in the succession plan of the entertainment industry staple, the announcement does leave us with a few questions; like why did the Board feel the public should not be told the reason behind its decision to remove Guthrie? Former ABC managing director Michelle Guthrie . Read More »

European Union leaders warn Theresa May she must rethink Chequers…


Responding to a ferocious fightback from the British prime minister, Tusk said he only said her Chequers plan would not work because of her "surprisingly tough and uncompromising" stance. Speaking about the need to work together, May added: "We need to hear from the European Union what the real issues are, and what their alternative is, so we can discuss them and we can make progress". Read More »

Wall Street Goes Wild For Canadian Cannabis Companies


At present rate, Tilray is outperforming its rival Canopy Growth Corp. which was the first cannabis company to attain a $1 billion valuation. The first USA -listed ETF to target the cannabis and marijuana industry is now up 3.18% year-to-date and 10.66% within the past year, according to Yahoo! The company also has a deal to develop medicinal cannabis with the Canadian division of Novartis AG of Switzerland. Read More »

Nordstrom takes heat for selling scuffed shoes


Comedian Christine Sydelko tweeted, "there are people in the world wearing plastic bags as shoes because they can't afford any but these disgusting things are selling for $500 the fashion industry is truly so f***ing stupid". Rest assured your comments were shared with our teams. That my embarrassment & struggle is being marketed disgusts me'. The Venice-based brand, which specifies on its websites that the shoes" laces are "intentionally worn' and that the sneakers are made of calf ... Read More »

Comcast beats out Fox in auction for broadcaster Sky


Since Fox made its first bid almost two years ago, it has agreed to sell a major chunk of its business - including its existing 39% Sky stake - to USA entertainment behemoth Walt Disney. A spokesman for Fox, which has a 39 percent holding in Sky, declined to comment. While Comcast acquired NBCUniversal and DreamWorks Animation over the past decade, it failed in attempts to buy Disney in 2004, Time Warner Cable 2015 and Fox in July. Read More »

Crude Oil Price Steady Following Inventory Report


High oil prices have pulled up the domestic oil price in the U.S. Because of these concerns, the worldwide benchmark, the Brent crude futures were up by 2 cents to trade at $79.05 per barrel after having gained 1.3% the day before. According to the Weekly Petroleum Status Report by EIA, U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased 2.06 million barrels during the week ending September 14. Read More »

Uber in talks to buy food delivery firm Deliveroo


After selling its ride-hailing businesses in Southeast Asia , China and Russia, Uber is eager to buy competitors, rather than sell its remaining local businesses. Deliveroo has developed a wide delivery network of over 30,000 riders globally and 15,000 riders in the United Kingdom itself who carry delicious meals from restaurants to customers' doors. Read More »

India engages with US to ensure energy security amid Iran sanctions

As a result, Chennai Petroleum has to withdraw an order for a scheduled loading of 1 million barrels in October. "Iranian oil exports are coming down pretty hard", said Roger Diwan, a veteran oil analyst at consultant IHS Markit Ltd. He said that a ministerial meeting of JCPOA signatories, excluding the United States, on the sidelines of the upcoming United Nations General Assembly meeting could take "us to newer stages". Read More »

Sky's Fate To Be Decided By Auction On Saturday 09/20/2018


The panel told the bidders not to publicly announce the value of their bids until the body has made its own announcement of the final offers, "as soon as practicable" after the auction closes on Saturday. An auction for Sky, which broadcasts to 23 million households across Europe, would the biggest ever deal in the United Kingdom to be decided by a panel-run auction. Read More »

S&P, Dow lifted by financials; Microsoft pressures Nasdaq


China is said to be planning to cut the average tariff rate it charges on imports from the majority of its trading partners as soon as next month. Chipmakers Intel rose 2.0 percent and Micron 3.5 percent after Bloomberg reported that Samsung Electronics was considering to lower memory chip growth output next year to keep supplies tight in anticipation of a slowdown in demand. Read More »

Hundreds queue as Tesco opens first budget supermarket Jack’s


A second outlet opened yesterday in Immingham, Lincolnshire. As part of a series of initiatives to pay tribute to Tesco's centenary, Jack's will reflect the values of its founder, who began what is now a major United Kingdom supermarket chain with a simple, no-frills approach to those people in need. Read More »

Audi Unveils The Audi E-tron


Electrify America group, a Volkswagen-funded firm, will install charging stations in the country. This includes other European premium companies such as BMW , Daimler-controlled Mercedes-Benz, Jaguar Land Rover, and Volvo Cars. Since 2015, Amazon has offered a service platform in the United States called Amazon Home Services , and this is where you will be able to make an appointment with an electrician who can install the charging station for the E-tron in your garage. Read More »

Mobile and online services have locked users out of accounts


Many took to social media to complain, a day after technical problems also hit rival Barclays . Barclays, which boasts 24million customers, still hasn't shared specific details on exactly what has caused the issue or when the service will be back up and running. Read More »

Refiners To Pay Iran For Oil In Rupee

India is likely to resist the American pressure on complying with the reimposed Iranian sanctions as it has been a traditional policy of New Delhi to enforce only UNSC-authorised sanctions, a Congressional report has told lawmakers. India wants to keep importing oil from Iran, because Tehran offers some discounts and incentives for Indian buyers at a time when the Indian government is struggling with higher oil prices and weakening local currency that additionally weighs on its oil ... Read More »

China considers lowering tariffs as its economy faces difficulties


Mr. Trump then vowed to further ratchet up pressure on China by kicking in tariffs on another $257 billion of Chinese products. The US administration is expected to raise to rate to 25 percent by the end of 2018. China retaliated in response to Mr. Trump's tariffs as promised, following through with its own tariffs on $60 billion in US goods from aircraft to liquified natural gas. Read More »

Oil up on supply concerns ahead of OPEC meeting

In July, the president sent a similar tweet, bemoaning prices at the pump, telling OPEC to "REDUCE PRICING NOW!".Later that month OPEC boosted production by 41,000 to 32.32 million barrels, as noted in OPEC's monthly report. Crude oil prices have been rising over the past year as a result of the Organisation of the Petroleum Exporting Countries' strategy to tighten supply. Read More »

Tesla Model 3 crushes NHTSA's crash testing with a 5-star rating


While many vehicles get a five-star overall NHTSA score, it's not common for a auto to ace every category with top marks across the board. The 2018 Honda Accord received similar ratings for safety in federal testing. "More stars mean safer cars ", reads the organization's webpage. Model 3 is truly among the elite in this aspect. The institute, which is funded by the insurance industry, gives the vehicles that score highest on its evaluations the Top Safety Pick+ award. Read More »

Strawberries spook Australia into raising jail terms for food tampering


But Woolworths said the safety of its customers was its top priority and that pulling sewing needles from its shelves across the country was a safety measure. "I'm just focused on making sure no idiot goes into a supermarket this weekend and does something ridiculous", Morrison told reporters. "A member of the public today presented at York Police Station to report his concerns that a needle had been in a punnet of strawberries", the Western Australian police said in a statement. Read More »

European Union leaders react to May's Brexit deal


Sterling erased earlier gains after The Times reported that Britain's Prime Minister Theresa May had rejected an improved offer from the European Union to solve the Irish border issue. "The moment of truth for Brexit negotiations will be the October European Council", Tusk said. "We would like the nearly impossible to happen, that the United Kingdom has another referendum", Muscat told BBC radio. Read More »