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Pompeo also was to meet with Saudi Crown Prince Mohammed bin Salman , whom Khashoggi wrote critically about for The Washington Post and whose rise to power prompted the writer to go into a self-imposed exile in the United States. "Together we can prove our unity and that we cannot be bullied", he said in a Twitter post . "Treasury Secretary Steven Mnuchin should cancel his participation in the Saudi investor conference and it's long overdue that the Trump Administration nominate a ...
  • Rupee collapses to fresh low of 73.77

    Rupee collapses to fresh low of 73.77

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    The Street is expecting from the central bank a third back-to-back repo rate hike as inflation is expected to accelerate further due to higher crude prices and the weakness in rupee. India imports more than two-thirds of its oil needs. The question was only of timing, said Radhika Rao, an economist at DBS in Singapore. Asian currencies fell on Thursday (Oct 2) after robust U.S.
  • Elon Musk steps down as Tesla Chairman after Controversial Tweet

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    Two new independent directors will be appointed to the board and a new committee of independent directors will be expected to put in place additional controls and procedures to oversee Musk's communications. In an interview with Politico in 2014 , the former vice president said he'd love to own a Tesla . While the 15-year-old company has never earned an annual profit , Tesla's CEO has vowed it's the verge of making money and stemming cash burn that's exceeded more than $1 billion in ...
  • USA and Canada reach last-minute deal to preserve NAFTA

    USA and Canada reach last-minute deal to preserve NAFTA

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    Canada, the US and Mexico are all pushing for a trilateral NAFTA pact, a change of tone after the latter two countries had planned to release details on a renegotiated deal without Canada. The deal represents a win for Trump, who has derided Nafta for years and threatened to pull the USA from the pact if it was not rewritten in Washington's favour.
  • Instagram Cofounders Systrom, Krieger To Exit 09/26/2018

    Instagram Cofounders Systrom, Krieger To Exit 09/26/2018

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    Systrom and Krieger notified the photo-sharing app's leadership team and Facebook on Monday about their decision to leave, Instagram said. "Kevin and Mike are extraordinary product leaders and Instagram reflects their combined creative talents", Zuckerberg said in a statement , according to Bloomberg .
  • Jet Airways, Vistara unbundle menu to slash ticket prices

    Jet Airways, Vistara unbundle menu to slash ticket prices

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    Hathi also said there was a problem with the plane's air conditioning after it took off from Mumbai . It was carrying 166 passengers and five crew members. The Boeing 737 aircraft returned to Mumbai from half way because the crew had forgot to switch the "maintain cabin pressure " button. Meanwhile, the crew has been taken off duty and Aircraft Accident Investigation Bureau (AAIB) has started an investigation, the Directorate General of Civil Aviation (DGCA) informed.
  • Oil higher as US sanctions on Iran raise supply concerns

    Oil higher as US sanctions on Iran raise supply concerns

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    Brent futures LCOc1 also rose but the gains were more muted, as the global benchmark ended 37 cents, or 0.5 percent, higher at $79.40 a barrel. The countries are the world's two largest economies. Russian Federation says it's ready to talk with the USA on how to maintain global oil market balance. Prices pared gains in post-settlement trade after data from industry group the American Petroleum Institute showed US crude inventories rose by 1.2 million barrels in the week to September 14 to ...
  • Ose $200 billion in tariffs on China from September 24th

    Ose $200 billion in tariffs on China from September 24th

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    Alleging that China has been unwilling to change its unfair trade practices, Trump said the new additional tariff structure would be effective September 24 from when it would be at 10 percent until the year end, but would increase to 25 per cent level from January 1.
  • Third strawberry brand sabotaged, prompting nationwide recall

    Third strawberry brand sabotaged, prompting nationwide recall

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    A Queensland man posted on Facebook that his friend had swallowed half a sewing needle after eating a strawberry from Woolworths on September 9. A disgruntled former worker in Australia has been accused of purposely putting sewing needles in strawberries, according to police. Acting Detective Chief Superintendent Lawrence said officers were looking into unconfirmed reports of contamination involving other strawberry brands.
  • World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools

    World's richest person Jeff Bezos commits $2bn to help homeless, pre-schools

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    We'll use the same set of principles that have driven Amazon. The Day 1 Families Fund will start an organisation to operate a new network of full-scholarship preschools for low-income communities. "It is risky to demonize the media". "It's also the social norms that protect us". "It's risky to call the media lowlifes". Most important among those will be genuine, intense customer obsession.
  • Hartal byte: Kerala has higher fuel prices than metros

    Hartal byte: Kerala has higher fuel prices than metros

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    The Bharat Bandh called by the Congress and Left on Monday against rising fuel prices and tumbling rupee evoked mixed response in the country as the opposition closed its ranks against the Modi government . Petrol in Mumbai scaled to Rs 88.12, up 23 paise, while diesel was priced at Rs 77.32, up 23 paise, on Monday. AIMTC's Gupta adds, "If they wish they can make our lives easier, now the small farmers are failing to cope with the price revisions every day, we are heavily reliant on ...