• Michael Kors Is Reportedly Buying Versace for $2 Billion
Michael Kors Is Reportedly Buying Versace for $2 Billion

It also cited rumours saying that the buyer could be USA fashion group Michael Kors Holdings Ltd's (KORS.N) or jeweler Tiffany & Co (TIF.N). The leader of the pack is every mom's favorite handbag maker, Kors. And it comes as the Michael Kors business still hasn't been turned around, despite some progress made. "They didn't feel the need to in...

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  • At Algiers summit, OPEC will keep a wary eye on Donald Trump
At Algiers summit, OPEC will keep a wary eye on Donald Trump

But on Tuesday Bloomberg cited unnamed Saudi sources as saying the kingdom was comfortable with oil above $80, at least for the short term, helping to push prices higher. But allowing prices to rise too high could lead to a drop in oil consumption, with some already forecasting tepid growth in 2019 global demand. Refineries were running at 95.4...

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  • OPEC warns of threats to oil supply from Iran, other producers
OPEC warns of threats to oil supply from Iran, other producers

The focus on oil supply has been reflected in the options market this week, where investors have scooped up large amounts of buy or call options, suggesting they see prices rising. In July, Saudi Arabia saw its highest crude oil stocks draw in eight months at 5.51 million barrels, after the Kingdom unexpectedly reduced its production compared to ...

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  • Over 30 Jet Airways passengers bleed mid-air by crew negligence
Over 30 Jet Airways passengers bleed mid-air by crew negligence

An airline statement says the flight with 166 passengers and five crew members landed normally in Mumbai on Thursday. One passenger said the flight was on the runway since 20 minutes without any ventilation and total suffocation, and "don't know if will make it".

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  • Trump imposes fresh tariffs on $200 billion worth of Chinese goods
Trump imposes fresh tariffs on $200 billion worth of Chinese goods

The two governments have already imposed 25 percent tariffs on $50 billion of each other's goods. The Chinese government may decline to participate in proposed trade talks if the Trump administration moves forward with additional tariffs, the Wall Street Journal reported on Sunday, citing Chinese officials.

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  • No-deal Brexit would hit United Kingdom economy, says International Monetary Fund
No-deal Brexit would hit United Kingdom economy, says International Monetary Fund

Failure to reach a deal would imply some upheaval, May acknowledged. They don't want a hard border between Northern Ireland and Ireland. The London Mayor explained that with negotiations in disarray and the very real prospect of a "no deal" Brexit - which would be disastrous for Britain, he now believed that the British people should also be ...

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  • Worries about fate of NAFTA hit Detroit's Canadian neighbors
Worries about fate of NAFTA hit Detroit's Canadian neighbors

Canadian Foreign Affairs Minister Chrystia Freeland speaks to the media as she arrives at the Office Of The United States Trade Representative, Tuesday, Sept. But talks still appear to be hung up on USA objections to Canada's state control of the dairy market, as well as the procedures for resolving disputes.

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  • British Airways hit by payment data breach
British Airways hit by payment data breach

British Airways is facing a possible fine of around £500 million over a data breach that compromised 380,000 card payments after regulators said they were "making inquiries" into the incident. On the other side, cybercriminals are very proactive, and as soon as a new vulnerability is discovered in a popular CMS they start exploiting it in th...

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  • Goldman Sacks said to shelve plans for crypto trading desk
Goldman Sacks said to shelve plans for crypto trading desk

He has been published by The Financial Times, Reuters , the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg , CNBC and BBC. The best gains were seen in Monero and IOTA both rising over 5%. Though Goldman is not saying it is ditching the idea completely, st...

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  • Mercedes opens the German assault on Tesla
Mercedes opens the German assault on Tesla

All EQC's are equipped with a water-cooled onboard charger (OBC) with a capacity of 7.4 kW, making it suitable for fast AC charging at home or at public charging stations. The lines are that of your traditional SUV, but with a little more emphasis on EQ branding and electric power through fibre optics and a tech-inspired design.

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  • Friends prank McDonalds with poster kept up for 51 days
Friends prank McDonalds with poster kept up for 51 days

His friend, Christian Toledo, 25, moved to USA a couple of years ago from the Philippines. Maravilla found a McDonald's uniform shirt at a thrift store for $7, drove to the restaurant, and, with the help of two friends, he managed to put it up.

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  • Pressley's win shows rise of minority candidates among Democrats
Pressley's win shows rise of minority candidates among Democrats

With no Republican on the ballot in November's midterm election, Pressley is now nearly certain to become the state's first black congresswoman . Massachusetts Rep. As FiveThirtyEight reports , a MA candidate has followed in the footsteps of the young Ocasio-Cortez with a surprising upset against a mainstream Democrat challenger on Tuesday e...

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  • Amazon tops US$1 trillion in stock market value
Amazon tops US$1 trillion in stock market value

Amazon retreated slightly after hitting the milestone, and near 1545, it was up 1.3 percent to $2,038.71. Amazon is the second USA company to hit that mark, driven by its continued dominance in the retail world and its highly profitable cloud services business.

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  • Yashwant Sinha Slams Government For Hike In Prices Of Petrol, Diesel
Yashwant Sinha Slams Government For Hike In Prices Of Petrol, Diesel

Last week, credit rating agency Moody's Investors Service said there were risks of India breaching the 3.3% fiscal deficit target for the current fiscal, since higher oil prices will add to short-term fiscal pressures. "If taxes are cut, prices will decline significantly", Chidambaram said on Twitter. The cost of petrol in Delhi went up Rs 1....

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  • 'Hello?' President Trump's trade phone call with Mexican president has awkward start
'Hello?' President Trump's trade phone call with Mexican president has awkward start

Videgaray Caso's declaration via social media came in response to Trump's remarks earlier in the day when he told reporters at the White House that Mexico will "easily" pay for a wall along the U.S. "They're talking very tough on Chapter 19. The president has made clear that's not something that's agreeable to him". His office said he would h...

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  • Britain seeks advice to get around sanctions on Iran
Britain seeks advice to get around sanctions on Iran

Washington also threatened other countries with sanctions if they don't cut off Iranian oil imports by early November. Sanctions were lifted in return for Iran committing not to pursue nuclear weapons. President Donald Trump's decision to drop JCPOA and re-impose sanctions on Tehran and the subsequent freefall of the Iranian national currency'...

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  • PepsiCo buys fizzy drinks maker SodaStream for $3.2bn
PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

Earlier this month, SodaStream reported its strongest results in company history, a 31pc year-over-year jump in revenues to $172m, an 89pc leap in operating profit to $32m and an 82pc climb by net profit to $26m. PepsiCo will pay $144.00 per share in cash, a 32% premium. Nooyi, who will be replaced by Ramon Laguarta, Pepsi's head of global operat...

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  • Tesla shares down 8 percent after Musk's weird interview
Tesla shares down 8 percent after Musk's weird interview

Musk admitted to The New York Times that the past year has been the most "difficult and painful" of his career. Now, the combative Musk granted a remarkable interview to The New York Times in which he reportedly choked up several times , acknowledged he was working as many as 120 hours a week, said he's using Ambien to help him sleep ...

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  • China Files WTO Complaint over U.S. Solar Tariffs
China Files WTO Complaint over U.S. Solar Tariffs

Trump defended solar tariffs as necessary to protect United States producers, saying import prices were unfairly low due to subsidies and other inappropriate subsidies. China has tried to portray itself as a defender of the WTO's trade system. We urge the USA side to take practical actions, respect the rules of the WTO and abandon its erroneous m...

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  • Turkey will respond if US imposes more sanctions: minister
Turkey will respond if US imposes more sanctions: minister

Investors, already anxious about Turkey's economy, were irked by a diplomatic and trade dispute with the United States over the continued detention of an American pastor Andrew Brunson on espionage and terror-related charges. of cars, alcoholic drinks and leaf tobacco - and the lira recovered slightly. "The corporate backdrop remains very str...

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  • Turkey Counterpunches By Raising Tariffs On U.S. Goods
Turkey Counterpunches By Raising Tariffs On U.S. Goods

Investors also fret over Mr Erdogan's influence over monetary policy. An Istanbul court allowed the release of Amnesty International's Turkey chair Taner Kilic Wednesday, who spent more than a year in jail over alleged links to the 2016 coup bid.

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  • China, US to hold trade talks in late August
China, US to hold trade talks in late August

It's unclear whether the trade talks will take place before or after August 23rd, . which is when Washington is due to activate additional tariffs on 16-billion dollars of Chinese goods, .an action Beijing has vowed to respond in kind to immediately.

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  • Turkey's president threatens boycott of iPhones, other United States electronics
Turkey's president threatens boycott of iPhones, other United States electronics

Detractors of Mr Erdogan say he campaigned on a construction boom that created bridges, an airport and shiny waterfront hotels but which were paid for by unsafe financial policies that are now beginning to crumble. Erdogan has said Turkey needs to find "new friends" because of the row with the its North Atlantic Treaty Organisation ally. Inve...

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  • Crude oil futures rise 0.51% on global cues
Crude oil futures rise 0.51% on global cues

Likewise, the oil for delivery in September contracts was trading higher by Rs 22, or 0.47 per cent to Rs 4,664 per barrel in 318 lots. Despite the gloomy outlook for trade and the potential slowdown in economic growth, oil markets are expected to remain relatively tight, particularly as USA sanctions on Iran have started.

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  • 35 feared killed as bridge collapses in Italy
35 feared killed as bridge collapses in Italy

Eye-witness Ivan, 37, evacuated on Tuesday from the nearby building where he works, described the collapse as unbelievable. Professor Brencich warned it would cost more to fix the "uneven" construction of the major highway in Italy's city of Genoa .

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