Money

Barrick and Randgold to create world's biggest miner

Barrick and Randgold to create world's biggest miner Each Randgold investor would receive, the pair said, 6.1280 new Barrick shares for every Randgold share. Barrick's majority-owned Acacia Mining Plc has been stuck in limbo after Tanzania imposed a ban on exports of mineral concentrates in 2017 and slapped a US$190 billion tax bill on the London-listed company. [Full Article...]

Theresa May's team 'plotting snap general election' for November

Theresa May's team 'plotting snap general election' for November May refused to countenance the EU's offer of continued single market membership. But the United Kingdom has rejected the EU's proposal to achieve this by "effectively keeping Northern Ireland in the customs union". The claims emerge as Labour leader Jeremy Corbyn says he plans to side with Tory Brexit rebels to force Mrs May into a general election as early as November. [Full Article...]

Jet Airways passengers suffer nose bleeding; Aviation ministry asks report

Jet Airways passengers suffer nose bleeding; Aviation ministry asks report Over 30 passengers complained of nose-bleed and many suffered headaches as the cabin pressure plunged mid-air. "The airline will continue to offer necessary medical care and attention to the concerned guests as required", the statement reads. [Full Article...]

India engages with US to ensure energy security amid Iran sanctions

India engages with US to ensure energy security amid Iran sanctions The US, which is renewing sanctions on Iran, reimposed some of the financial sanctions from August 6, while those affecting Iran's petroleum sector will come into effect from November 4. United India Insurance has informed Chennai Petroleum that its new annual policy that is set to take effect from October will not cover any liability related to processing crude from Iran, the three sources said. [Full Article...]

Trump Readies Tariffs on $200 Billion More Chinese Goods

Trump has already imposed 25 per cent tariffs on $50 billion in Chinese goods. The Trump administration has demanded that China cut its $375 billion trade surplus with the United States, end policies aimed at acquiring US technologies and intellectual property and roll back high-tech industrial subsidies. [Full Article...]

Coca-Cola Preparing To Make Cannabis-Infused Drink For The Fist Time Ever

Coca-Cola Preparing To Make Cannabis-Infused Drink For The Fist Time Ever Molson Coors Brewing Co.is starting a joint venture with Quebec's Hexo's Corp., formerly known as Hydropothecary Corp., to develop cannabis drinks in Canada . Federal Law changes. It should be noted that Coca-Cola shares have risen since the news was announced . Just last week, Coke announced a deal to buy Costa Coffee for $5 billion. [Full Article...]

Man reportedly eats strawberry with needle inside, police confirm 4 'contamination' incidents

An urgent recall was originally issued on Wednesday following the discovery of needles planted inside the fruit, with Queensland's Chief Health Officer Dr Jeannette Young advising anyone who has purchased strawberries from the Berry Liscious and Berry Obsession brands to dispose of their fruit immediately. [Full Article...]

FDA Vows to Battle Teen E-Cig Use

FDA Vows to Battle Teen E-Cig Use In April, JUUL sent thousands of pages of records to be reviewed by the FDA - but apparently, it didn't bode well for the nicotine king. UPI contacted two other manufacturers by phone or email but did not receive replies: Altria's MarkTen XL and Imperial Brands' Blu. [Full Article...]

US, Canada still have work to do on NAFTA

US, Canada still have work to do on NAFTA The U.S. has said it plans to present Congress with the deal it has with Mexico if Canada doesn't get on board. Officials have identified the main sticking points as Canada's dairy quota regime, Ottawa's desire to keep a trade dispute-resolution mechanism and Canadian media laws that favor domestically produced content. [Full Article...]

Trump tweets Obama quote that never happened about economic performance

Trump tweets Obama quote that never happened about economic performance During Monday's White House press briefing, Trump economic adviser Kevin Hassett acknowledged that the president's claim was incorrect. In fact, US GDP growth has been higher than the unemployment rate in several quarters during the last century, including, most recently, in 2006. [Full Article...]

Bernie Sanders Strikes at Amazon With New Tax Bill

Bernie Sanders Strikes at Amazon With New Tax Bill But Jared Bernstein , the former chief economist for Vice President Joe Biden and a senior fellow at the Center on Budget and Policy Priorities, says the bill could actually end up hurting the very workers it is trying to help. The bill, also introduced by Rep. Ro Khanna, is meant to keep large employers from underpaying their workers. For full-time employees alone, the median income at Amazon... [Full Article...]

Elon Musk smokes weed on Joe Rogan's podcast

Elon Musk smokes weed on Joe Rogan's podcast He added that he still believed in Tesla , that "I have no disagreements with Tesla's leadership or its financial reporting". On Friday, the head of Tesla's Human Resources department, Gabrielle Toledano , announced she would not return from a leave scheduled in June. [Full Article...]

Bitcoin Value Drops Sharply, Concerning Investors and Experts

Bitcoin Value Drops Sharply, Concerning Investors and Experts Pioneer crypto, Bitcoin ( BTC ) fell more than $1100, accounting for a almost 15 percent drop from September 5-6. In essence, direct Bitcoin investment is complicated and risky, the ETF format takes away a lot of the effort and of course the risk, making it more attractive to institutional investors. [Full Article...]

Obama: Trump Is 'a Symptom, Not the Cause'

Obama: Trump Is 'a Symptom, Not the Cause' He later added: "This is not normal". The Republican Party's refusal to compromise with Obama on health care , climate, deficit reduction, and so on was not because Obama treated them too arrogantly or refused to address the deficit seriously. [Full Article...]

Oil prices higher as US sanctions limit Iran exports

Oil prices higher as US sanctions limit Iran exports But prices could also be hit by lower demand from China due to a trade war with the U.S. "Robust demand but, more importantly, the disruptions of oil production from two OPEC producers ( Venezuela and Angola) as well as the United States pulling out of the Iran nuclear agreement are the key factors for this outperformance", Justin Smirk, Research Analyst at Westpac noted. [Full Article...]

Dispute in arrest of Chinese billionaire

Dispute in arrest of Chinese billionaire Liu, 45, was arrested on August 31, 2018 by the Minneapolis police for alleged sexual misconduct and released the following afternoon. But, contrary to the company's statement , Minneapolis police have not actually cleared Liu of wrongdoing and have instead said that they are now investigating the allegation against him. [Full Article...]

Trump Hits Back on Union Leader in Labor Day Tweets

Trump Hits Back on Union Leader in Labor Day Tweets With most of the political world taking an extended breather before a busy week ahead , President Trump has spent Labor Day weekend engaging in two of his favorite activities: golfing and venting his spleen online. Geneva: US president Donald Trump has ratcheted up pressure on Canada and other trading members, including the European Union, threatening that if they refuse to accept Washingto... [Full Article...]

Xi Jinping offers $60 bn Africa aid

Xi Jinping offers $60 bn Africa aid Last year, China-Africa trade volume was $170 billion. President Xi stressed that out of the $60 billion that were on offer, $15 billion would be disbursed as aid, interest-free loans and concessional loans. But he added that China and Africa should work towards a more balanced trade relationship. "Unilateralism and protectionism are on the rise". "We have benefited a lot from China's suppor... [Full Article...]

Coca-Cola expands into coffee with $5.1 billion deal for Britain’s Costa

Coca-Cola expands into coffee with $5.1 billion deal for Britain’s Costa The acquisition, Coca-Cola's biggest in eight years, points to bold bets the company is willing to take as it seeks alternatives to fizzy drinks, say experts. The proposed deal is expected to close at the end of summer 2019, Coca-Cola said, if it gains regulatory approval in the European Union and China . [Full Article...]

Theresa May pledges to promote UK investment

Theresa May pledges to promote UK investment Last week, Mr Raab said he was confident of reaching a deal when he was setting out government advice to businesses on how to prepare for any failure to do so before Britain leaves on 29 March 2019. Earlier Tuesday, May visited the I.D. Mkhize High School in Gugulethu township where she was greeted by singing and dancing students. But according to Quartz Africa , senior Chinese leaders visited Af... [Full Article...]


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