Money

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...]

Elon Musk provokes Brit cave diver he called ‘pedo guy’ AGAIN

Elon Musk provokes Brit cave diver he called ‘pedo guy’ AGAIN Musk told Olanoff that he found it odd that Unsworth has not sued him, adding that Unsworth was even offered "free legal services". "Your dedication to facts and truth would have been wonderful if applied to that time when you called someone a pedo ", posted Drew Olanoff. [Full Article...]

US, Mexico Said Poised to Reach NAFTA Deal as Soon as Monday

US, Mexico Said Poised to Reach NAFTA Deal as Soon as Monday U.S. President Donald Trump tweeted on Saturday that the United States could reach a "big Trade Agreement" with Mexico imminently. Jesus Seade, an economic advisor to Mexico's incoming president, Andres Manuel Lopez Obrador , has been participating in portions of the NAFTA talks. [Full Article...]

Trump Organization financial chief Weisselberg 'given immunity'

Trump Organization financial chief Weisselberg 'given immunity' As Cohen explained that he committed the campaign-finance violations "at the direction of the candidate" and with the "purpose of influencing the election", there were audible gasps in the lower Manhattan courtroom packed with reporters. Trump's legal team has cited the Constitution in arguing that the President should not sit down for an interview with Mueller , who is investigating Russian int... [Full Article...]

Dollar falls as Powell sees little risk of inflation overheating

Dollar falls as Powell sees little risk of inflation overheating Powell said in his Jackson Hole speech: "The economy is strong". Mazen Issa, senior FX strategist at TD Securities in NY, said Powell's remarks built on a stance seen in the minutes of the Fed's latest policy meeting released on Wednesday. [Full Article...]

Trump Organisation finance chief 'given immunity' in Cohen probe

Trump Organisation finance chief 'given immunity' in Cohen probe The CFO, Allen Weisselberg , was called to testify before a federal grand jury earlier this year, the newspaper reported . On Tuesday , the president's longtime personal lawyer and "fixer" Michael Cohen pleaded guilty to eight violations of federal campaign-finance, bank and tax laws. [Full Article...]

Asia stocks capped, dollar droops following Trump comments

Asia stocks capped, dollar droops following Trump comments The US Dollar has weakened only modestly Wednesday despite news that two of US President Donald Trump's former advisers are facing lengthy prison sentences but its losses could well accelerate despite the currency's status as a safe haven at times of risk aversion. [Full Article...]

Fed criticism drives dollar to eight-week low against yen

American presidents have rarely criticized the Fed in recent decades because the independence of the Fed is seen as important for economic stability. The benchmark USA interest rate, which plays a large role in setting borrowing costs for mortgages, credit cards, small businesses and auto loans, has roughly tripled since Trump was sworn into office a year ago. [Full Article...]

Gatwick flight information screens fail

Gatwick flight information screens fail Airport staff had to write out flight information on whiteboards instead . He said a " handful of people" had missed their flights as a result of the problem. "Gatwick would like to apologise to any passengers affected and expects Vodafone to resolve the issue as quickly as possible". Ollie Hurley, who said he was flying to Budapest, added: "We are having to check our flight departure time ... [Full Article...]

PepsiCo buys SodaStream for $3.2B

PepsiCo buys SodaStream for $3.2B PepsiCo on Monday announced plans to buy home carbonation system maker SodaStream . PepsiCo said on Monday (Aug 20) it was buying Israeli company SodaStream for US$3.2 billion as the United States beverage giant contends with falling demand for sugar-laden soft drinks among health-conscious consumers. [Full Article...]

Google not close to launching censored search engine in China

Google not close to launching censored search engine in China The employees are demanding more transparency so they can understand the moral implications of their work, said the Times , which obtained a copy of the letter . Google declined to confirm the authenticity of the letter or comment on the town hall meeting. Undersigned Googlers expect future projects to have an ethics review structure that includes rank and file employee representatives; an ombud... [Full Article...]

Italy's Autostrade confident it has always operated correctly - CEO

Italy's Autostrade confident it has always operated correctly - CEO Ansa said three bodies were found in a auto smashed under a huge block of concrete from the collapse on Tuesday. Local media reported that the bodies of three family members, including a nine-year-old girl, had also been found inside a vehicle under debris. [Full Article...]

Erdogan says Turkey will stand strong against attempted economic coup

Erdogan says Turkey will stand strong against attempted economic coup As Francis Maguire reports , the lira's woes has seen investors flee from emerging market stocks. Yesterday, ratings agencies Standard & Poor and Moody's downgraded Turkey's credit rating further to "junk" status. He said Turkey would "do well not to test @POTUS Trump's resolve" over the issue. "We remain hopeful there will be a prompt resolution". Evgeny Bakhrevsky, director of the Moscow-ba... [Full Article...]

Pastor Brunson appeal for house arrest release rejected by Turkish court

Pastor Brunson appeal for house arrest release rejected by Turkish court Brunson, an evangelical Christian pastor originally from North Carolina but a longtime resident of Turkey, was accused by the Turkish government of terrorist involvement and playing a role in the Turkish military's 2016 attempted coup to overthrow the government. [Full Article...]

Turkey President says it will boycott U.S. electronics as lira steadies

Turkey President says it will boycott U.S. electronics as lira steadies Behind the scenes, however, diplomats resumed contact to ease tensions. However, the rupee continued to suffer, briefly falling to a record low of 70 to the dollar as the crisis exacerbated a months-long sell-off in the Indian currency , which was already under pressure from a huge current-account deficit and higher oil prices. [Full Article...]

Turkey retaliates by raising tariffs

Turkey retaliates by raising tariffs Turkey is now grappling with a currency crisis and heightened tensions with the United States, its North Atlantic Treaty Organisation ally. Some Turks are reacting with defiance to their plunging currency and an escalating trade and political dispute with the United States - an indication that they are ready to endure economic pain and risk further deterioration in a key, yet troubled alliance... [Full Article...]

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal

Lawsuits accuse Tesla's Musk of fraud over tweets, going-private proposal U.S. market regulators are reportedly stepping up their scrutiny of Musk's claim and have asked Tesla if the CEO's remarks were genuine. In one of the lawsuits, the plaintiff Kalman Isaacs said Musk's tweets were false and misleading, and together with Tesla's failure to correct them amounted to a "nuclear attack" created to "completely decimate" short-sellers. [Full Article...]

Firefighter Dies Battling Ranch Fire In Lake County

Firefighter Dies Battling Ranch Fire In Lake County Clark's bail was set at $1 million dollars, and he could face up to life in prison if convicted. "We are expecting that there will be more fire-starts today", Jeremy Grams, lead forecaster with the National Weather Service's Storm Prediction Center in Oklahoma, said in an interview on Saturday. [Full Article...]

Musk says Silver Lake, Goldman advising on taking Tesla private

Musk says Silver Lake, Goldman advising on taking Tesla private Musk's disclosure, made in a blog post on Tesla's website , comes six days after the Silicon Valley billionaire shocked investors with a post on Twitter saying he was considering taking Tesla private at $420 a share and that funding was "secured". [Full Article...]


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