Economy

Two new hurricanes form in the Atlantic

Two new hurricanes form in the Atlantic

Tropical Storm Katia formed early Wednesday off the coast of Mexico. The initial storm track shows the hurricane is several days away from possibly impacting any land. Jose has sustained winds of 75 miles per hour and was quickly strengthening. The National Hurricane Center has not issued any coastal watches or warnings. Read More

Continue Reading »

Rudy resigns amid reports of likely reshuffle in Modi ministry

Rudy resigns amid reports of likely reshuffle in Modi ministry

According to reports from national media, Ministers Radha Mohan Singh, Giriraj Singh and Sanjeev Balyan too resigned and more resignations are expected to come in. The last Cabinet reshuffle took place in July previous year. Among ministers holding the additional portfolios include Smriti Irani, who was given the additional charge of Information and Broadcasting, after the elevation of M Venkaiah Naidu to the Vice President's post. Read More

Continue Reading »

Petrol shortage hits America, fuel prices go up

The company's pipelines connect refineries along the U.S. Gulf Coast to markets in the Northeast, transporting more than 3 million barrels a day of gasoline, diesel and jet fuel. Shipments of gasoline by pipeline out of southeast Texas will be reduced, which means that areas along the Atlantic coast and in the Midwest that normally receive these supplies will have to buy from Europe, Africa or Canada, driving up costs and, ultimately, the pump price. Read More

Continue Reading »

Governor requests federal emergency declaration for southwest Louisiana parishes

Governor requests federal emergency declaration for southwest Louisiana parishes

Gov. John Bel Edwards has requested that President Donald Trump issue a federal emergency declaration for Louisiana because of Tropical Storm Harvey . "We want to do it better than ever before", Trump said of the federal response during a meeting with local, state and federal officials. Rep. Clay Higgins, R-La., will also join efforts to get disaster funds if Louisiana needs it, said Andrew David, a spokesman for the congressman. Read More

Continue Reading »

Qatar's Envoy Officially Resumes Activities in Iran

Qatar's Envoy Officially Resumes Activities in Iran

Qatar said in a statement that the move "expressed its aspiration to strengthen bilateral relations with the Islamic Republic of Iran in all fields". "The solution to the Gulf crisis is clear", he said. Unlike Riyadh, however, Doha had not cut all diplomatic ties with Iran. Tehran has called for dialogue between the two Arab sides to end the rift and has moved to meet Qatar's urgent needs by providing it with food and other supplies and allowing Qatari passenger planes to use air ... Read More

Continue Reading »

Starting next week, Amazon is lowering prices at Whole Foods

Starting next week, Amazon is lowering prices at Whole Foods

Customers will be able to take advantage of lower prices on bananas, organic avocados, brown eggs, organic salmon, animal-welfare-rated 85% ground beef and other staple food items. Whole Foods has plans to expand to more items in the future. With the new details, Amazon is revealing some of its goals for this acquisition - including gathering customer information from Whole Foods' clientele. Read More

Continue Reading »

Apple Officially Announces New Iowa Data Center

Apple Officially Announces New Iowa Data Center

Like Apple's other U.S. data centers , the Iowa one will produce 100 percent renewable energy, he said. The City of Waukee will manage the fund for, "parks, libraries and recreational spaces, as well as infrastructure needs". She defended the state's investments, telling reporters "these are credits, it's not a check" to attract a company willing to investment $1.4 billion in the first phase of a project that will boost Iowa's economy for the future. Read More

Continue Reading »

Retail Sales Rise Three Times More Than Expected In June

Retail Sales Rise Three Times More Than Expected In June

Kleinhenz noted that rising home values are encouraging home-improvement spending and home-related retail purchases. Year-over-year growth was up 4 percent on a three-month moving average. However, cheap gasoline and falling sales of electronics and clothing items still weighed on sales last month. Sales also rose 1.2% at auto dealers, 1.2% at home and garden centers and even 1% at department stores that have been losing ground to Internet rivals. Read More

Continue Reading »

GM slashed July rental vehicle sales, boosted commercial fleet

GM slashed July rental vehicle sales, boosted commercial fleet

After an unprecedented seven years of growth, analysts are predicting lower US sales this year. He said GM's decision to cut sales to low-profit rental auto fleets by 81 percent - or 11,200 vehicles - was a big factor. Ford shares were down three percent, and Fiat Chrysler was down 0.025 percent. "We're still operating at a very high level", LaNeve said. Fiat Chrysler said its sales fell by 10%. Read More

Continue Reading »

Governor Walker tours Wisconsin talking about Foxconn

Governor Walker tours Wisconsin talking about Foxconn

Trump's plans for health care and tax cuts face an uncertain future in Congress, and his administration is bogged down by an investigation into Russia's possible ties with his presidential campaign. "Given recent accounts of how its workers are treated and Foxconn's strategy of getting every last nickel and dime it can from taxpayers to lower their costs, Governor Walker and any legislator thinking of supporting what could be a $3 billion incentive package should be very wary", said ... Read More

Continue Reading »

Iran accuses USA navy of firing warning shots at its vessels

Iran accuses USA navy of firing warning shots at its vessels

The aircraft carrier was accompanied by cruiser. "Shortly thereafter, at a safe distance, the USA helicopter deployed flares, after which the Iranian vessels halted their approach". "In a provocative and unprofessional action, the Americans fired flares to warn the Zolfaqar flotilla vessels", the statement added, saying, however, that the IRGC naval forces continued their mission in the zone in the regular manner, disregarding the "unconventional and unusual" moves by the United States forces. Read More

Continue Reading »

FDA Proposes Cutting Nicotine Amounts In Cigarettes, Targeting Addiction

FDA Proposes Cutting Nicotine Amounts In Cigarettes, Targeting Addiction

The agency said it was adopting a harm-reduction strategy that seeks to balance regulation of existing products and encourage development of "new products that may be less risky than cigarettes". ENDS are devices like e-cigarettes and nicotine vaporizers. Neil Wilson of ETX Capital said it was "hard to overstate" what falling numbers of addicts and less frequent smoking could mean for corporate revenues. Read More

Continue Reading »

United Kingdom state pension age increase to 68 brought forward

United Kingdom state pension age increase to 68 brought forward

Plans to raise the state pension age (SPA) to 68 seven years ahead of schedule by 2039 has been welcomed by the industry as a necessary move to reflect rising life expectancy and keep costs affordable. 'We can not allow this Government to push people to work longer and longer to pay for its failed austerity agenda. This amounts to a saving of £74 billion by 2045/46 compared with the previous proposals. Read More

Continue Reading »