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Climate Change Likely to Ding Beer Supply

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Research co-author Dr Steven Davis, from the University of California at Irvine, US, said: 'The world is facing many life-threatening impacts of climate change, so people having to spend a bit more to drink beer may seem trivial by comparison. Read More »

Canada legalises recreational marijuana

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And there was more good news for pot aficionados: Hours before a handful of retail outlets opened in the country's easternmost province a federal official told The Associated Press that Canada will pardon all those with convictions for possessing up to 30 grams of marijuana, the now-legal threshold. Read More »

Khashoggi 'killed' and 'cut into pieces' at Saudi consulate

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The intention had been only to abduct him from Turkey , the sources said. Passport of suspected Saudi involved in disappearance of Washington Post journalist Jamal Khashoggi . "It's up to the president, but I know what I'm going to do..." CNN reported on Monday that after denying for two weeks any role in Khashoggi's disappearance, Saudi Arabia was preparing to say he died in a botched interrogation . Read More »

US judge approves Musk's SEC settlement

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In a company statement after the tweet , Musk said Saudi Arabia's sovereign wealth fund had brought up taking Tesla private multiple times for nearly two years. Musk no longer be permitted to be CEO - presumably something the SEC wished to avoid. The total number of Model 3's built so far reached an important milestone of 100,000 cars last week, according to Bloomberg's Tesla tracker . Read More »

Mega Millions winning numbers for new record $667M jackpot

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While California didn't sell the Mega Millions jackpot, Lotto officials tweeted that a 5 of 6 victor was sold in San Francisco. The Tuesday drawing had grown to the largest in the game's history, a whopping $667 million. and Peggy Triplett, won a $239 million dollar Mega Millions jackpot in 2004 and took the cash option of more than $141 million. The largest jackpot in Mega Millions history was a $656 million prize that was shared by winners from Kansas, Illinois and Maryland in March 2012. Read More »

Oil prices seeking bullish rebound on supply constraints, WTI eyeing $72.00

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What's next for the oil price - $100 by the end of the year? MRPL would look at buying Iraqi oil to replace Iranian oil, he said, adding that the company has already made some payments in rupees to Iran for oil. US oil production has increased steadily over the last five years, reaching a record high of 11.2 million bpd in the week to October 5. Oil prices edged up in cautious trade on Tuesday as expectations of higher US shale output and inventories vied with worries that crude ... Read More »

YouTube down: Major outage prompts outcry on social media

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As yet we have no word from YouTube on what the problem is related to or if there's an estimated time on a fix. " Thanks for your reports about YouTube , YouTube TV and YouTube Music access issues", YouTube said in a tweet. CNET reports that users trying to access videos or upload content were greeted with an error message. "Search works, but videos won't load", one user from the United States confirms. Read More »

Trump Threatens To Withdraw Honduras Aid Over Approaching Migrant Caravan

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The latest caravan was launched a day after Vice President Pence urged the presidents of Honduras , El Salvador and Guatemala to persuade their citizens not to enter the United States illegally. The same sort of march occurred in April, when some 1,500 people from Guatemala, Honduras and El Salvador marched to the USA border. Honduras is one of a dwindling number of countries that still has formal diplomatic ties with Taiwan. Read More »

High Prices Benefit Iran Despite Lost Oil Exports

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Also, unrelenting fuel price rise since mid-August has negated cut in taxes and subsidy. Prices hit a four-year high of $86.74 a barrel earlier this month as the market grapples with the expected loss of Iranian exports due to USA sanctions. Read More »

Saudi Arabia preparing to admit Khashoggi was killed

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If rogue killers had walked into the Saudi embassy and murdered a Saudi dissident, it would be a stain on Saudi Arabia, proving that for all the talk of a new , progressive ruling class, they can not protect people even in their own buildings. Read More »

Iconic US retailer Sears files for Chapter 11 bankruptcy

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It did not specify whether the closings would be Sears or Kmart stores or their locations. It has sold off the legendary Craftsman brand and is considering an offer from Lampert for the Kenmore appliance name. But it wasn't able to keep up with shifting consumer habits as online rivals including Amazon.com Inc. siphoned off shoppers, while turnaround efforts were hobbled by mountains of debt. Read More »

Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt

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Sears Holdings ( SHLD ), the parent company of Sears and Kmart, faces a Monday deadline to pay that much in debt. Liquidation sales at these stores are expected to begin shortly. The company has racked up 6.26 billion U.S. dollars in losses, excluding one-time events, since its last annual profit in 2010, according to Ken Perkins, who heads the research firm Retail Metrics LLC. Read More »

Oil rebounds to $81, pares gain as IEA sees adequate supply

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The WTI Crude Oil market gapped lower and below the $73 level to kick off the day, breaking all the way down to the $71 level. Brent crude futures rose 89 cents, or 1.1 percent, to $81.15 a barrel by 0455 GMT, Reuters said . That was much larger than what analysts had expected. USA commercial crude oil inventories fell by 5.8 million barrels in the week to August 17 to 408.36 million barrels, the Energy Information Administration (EIA) said on Wednesday. Read More »

Saudi Arabia vows retaliation against punitive measures

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Saudi journalist and Washington Post contributor Khashoggi vanished after entering the consulate to obtain documents for his upcoming marriage. The newspaper did not address that in its report. Saudi Arabia on Sunday vowed to hit back against threats or sanctions imposed over the disappearance of veteran journalist Jamal Khashoggi. The Saudi Government are being investigated over allegations from Turkey surrounding the disappearance of a United States-based journalist, who was born in Saudi. Read More »

Mega Millions jackpot grows to $548M for tonight’s drawing

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The largest, just $2 million more, was drawn in March 2012. The next Mega Millions drawing, scheduled for Tuesday, will be worth an estimated $654 million, officials said. The Powerball jackpot is also on the rise. Mega Millions is played in 44 states including Colorado as well as Washington, D.C., and the U.S. Virgin Islands. Read More »

Singapore Airlines Re-Launches World's Longest Flight

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The flight from the city-state to Newark Airport can take up to 18 hours and 45 minutes under normal weather conditions, but the pilots will have something in reserve in an aircraft capable of flying more than 20 hours non-stop. While reviving the flight, the airline took a number of measures to make it operationally efficient and comfortable. Here's the story of the flight, and what it's like to fly on it. Read More »

Hurricane affects Gulf of Mexico oil and gas production

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The new round of sanctions targeting Iran's oil sector are due to be put in action on November 4. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 2.2 million barrels, API said. This survey signified that the OPEC (Organization of the Petroleum Exporting Countries) producers increased crude outcome in last month that eased global supply concerns. Read More »

Review Of Global Economic Growth: Oil Prices Drop

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The December ICE Brent crude futures were dropped by 90 cents per barrel i.e.by 1.07% at $83.26 per barrel, whereas, the NYMEX light sweet crude contract was dropped by 63 cents per barrel i.e.by 0.85% at $73.71 per barrel. OPEC cut its forecast of global demand growth for oil next year for a third straight month on Thursday, citing headwinds facing the broader economy, and key consuming countries in particular, from trade disputes and volatile emerging markets. Read More »

Trump Blames "Crazy" Federal Reserve As Wall Street Suffers Ugly Losses

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During a rally in Pennsylvania on Wednesday night, Trump said he didn't believe the Fed was accurately adjusting its interest rate policy in line with US economic data. Though the Fed has been raising its overnight target policy rate, a benchmark for lending costs overall, the current level of between 2 and 2.25 percent remains just half the average set by the Fed between 1990 and the start of the 2007 to 2009 recession. Read More »

Singapore to NY

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The airline is not planning to offer any economy bookings on the route. Luckily, these flights aren't really aimed at the likes of me. Which is probably why a number of passengers from India, especially Mumbai, are booked on Singapore Airlines' non-stop, 18-19 hour Singapore-Newark flight. Read More »

Musk denies James Murdoch taking over as Tesla's Chairman

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Twenty-First Century Fox declined to comment. Two proxy advisors, Glass Lewis & Co and Institutional Shareholder Services, advised investors to vote against reelecting Murdoch as a director in June, citing his lack of experience in the field, his " troubled history as an executive and director ", and his presence on " too many boards ". Read More »

Facebook reveals details of September data breach affecting 29M users

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Perhaps the best news from Facebook is that only 30 million accounts were affected, rather than 50 million it said originally. Wondering whether you are one of the 29 million Facebook users who had their personal details - including location and search history - stolen by hackers? An additional 1 million accounts were affected, but hackers didn't get any information from them. Read More »

Ikea finally plans to open a store in Estonia

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In the past fiscal year that ended in August, IKEA websites received 2.5 billion visits, an 8.7 per cent jump over its previous financial year. "There's a lot of people that chose not to buy from us because they don't have a vehicle or because they don't have the time to interact with us, so this is what we are exploring now", said Ikea Group CEO Jesper Brodin. Read More »

Brexit deal 'within reach' says Barnier

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Citing figures to make its case, the report noted that the EU (together with the European Free Trade Association) accounted for 43% of Britain's services exports in 2016, worth around than £110 billion to the United Kingdom economy. No 10 made clear if the DUP voted down the Budget, Mrs May would not quit. New British proposals over the Irish border "backstop" have raised hopes that a deal can be reached at the crucial European Council summit which begins in Brussels next Thursday. Read More »

International Monetary Fund flags global fiscal stability

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He said the country is going through a tough time, which has been left behind by the previous government. "In the tax administration, to increase the compliance rate, something could be done to increase tax audit, use e-filing to greater extent, there is data matching exercise; generally try to reduce tax invasion, possibly corruption as well". Read More »

Markets Right Now: US stocks slump on day of wide swings

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Luxury retailers tumbled. Tiffany plunged 10.2 percent to $110.38 and Ralph Lauren fell 8.4 percent to $116.96. The increase in yields from these bonds - which are parcels of U.S. The crypto drop also appeared hours after United States stocks suffered a brutal decline on Wednesday. It was more than $40 five years ago. United States crude settled down $1.79 at $73.17 per barrel and Brent fell $1.91 to settle at $83.09. Read More »

Trump says Federal Reserve ‘has gone crazy’ after big stock drop

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On Wednesday, he discounted the stock market's plunge - with the Dow Jones industrial average falling 831 points. Trump has often pointed to stock market records set during his time in office as a measure of his success. Kevin Hassett, the head of Trump's Council of Economic Advisers, said the president is expressing his views on monetary policy, but he isn't trying to "politicize" the Fed. Read More »