• Oil falls to lowest price in 12 months
Oil falls to lowest price in 12 months

Saudi Arabia is considering pushing through curbs on crude at next month's Opec meeting, on signs that supply is starting to outpace demand. Three sources familiar with the matter told Reuters on Wednesday that OPEC and its partners are discussing a proposal to cut oil output by up to 1.4 million bpd for 2019 to avert an oversupply that woul...

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  • Analyst lowers prediction of iPhone XR shipments by as much as 30%
Analyst lowers prediction of iPhone XR shipments by as much as 30%

Last week a media report saying the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new lower-priced iPhone XR had pressured supplier stocks. On Friday we reported that a company by the name of II-VI had acquired Apple backed Finisar . Both Lumentum and IQE are part of the ...

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  • Abu Dhabi summit: Oil production cuts may be necessary
Abu Dhabi summit: Oil production cuts may be necessary

As uncertainty beclouds the future of crude prices , members of the Organisation of Petroleum Exporting Countries (OPEC), met yesterday November 11th, in Abu Dhabi to decide on how to cut crude supply in order to forestall further declines in price.

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  • Need to Change Harassment Policy: Google Bows to Employee Pressure
Need to Change Harassment Policy: Google Bows to Employee Pressure

Among the new policies, one makes arbitration optional for individual sexual harassment and sexual assault claims. "We will enhance the processes we use to handle concerns, including the ability for Googlers to be accompanied by a support person", Pichai said .

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  • Examining Details of US Exemptions on Buying Iranian Crude Oil: MEA
Examining Details of US Exemptions on Buying Iranian Crude Oil: MEA

Market participants hope that the Ministers of oil-producing countries will discuss the possibility of reducing production in 2019. The Trump administration on Friday announced it would grant sanctions waivers to eight countries, which allow them to continue importing Iranian crude for 180 days without fear of reprisal from the United States.

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  • Boeing issues advice over sensors after Lion Air plane crash
Boeing issues advice over sensors after Lion Air plane crash

United said: "We are in receipt of a Flight Crew Operations Manual Bulletin, issued by Boeing , which applies to the 16 737 Max 8 aircraft now in our fleet". The committee said the pilots were dealing with an erroneous airspeed indication. FDR data resulted in investigators determining that if an erroneously high single AOA sensor input is recei...

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  • Amazon.com’s reported plan to split its second headquarters draws criticism
Amazon.com’s reported plan to split its second headquarters draws criticism

The report centers on Long Island City in Queens and Crystal City in Arlington, specifically. If it's located in an area that's undeveloped, it could avoid displacing current residents (Facebook's development will displace a largely Hispanic community).

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  • President Trump,
President Trump, "I Think We'll Make a Deal With China on Trade"

The leaders of the world's two largest economies made the remarks after their first publicly disclosed telephone conversation in nearly six months. "I think we'll make a deal with China , and I think it will be a very fair deal for everybody", Trump said Friday at the White House before leaving for political rallies in West Virginia and Indi...

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  • Races to watch in US midterm elections
Races to watch in US midterm elections

Trump is popular. Republican pollster Bill McInturff, who conducted the NBC/WSJ survey with his Democratic counterpart Peter Hart, said: "There has been some method to his madness". "We're in a battle for America's soul", Biden, his voice faint and scratchy, told a crowd at a high school south of Cleveland. The Democratic event started off mu...

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  • Video of cop killer becomes Trump campaign push
Video of cop killer becomes Trump campaign push

Polls have indicated that Democrats have a strong chance of taking control of the House but that Republicans are likely to keep the Senate. "Let me say this: Up until today, I would've said, 'If the election were held today, we would win, '" Pelosi said on "The Late Show with Stephen Colbert." As election day approaches and with turnout a...

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  • Stocks Tumble Again on Report US Plans More Tariffs
Stocks Tumble Again on Report US Plans More Tariffs

Since March, the Trump administration has introduced several waves of tariffs worth tens of billions of dollars against Chinese goods in an effort to rebuild the United States industrial base. Boeing, which saw its stock gain early Monday, became the leading laggard on the Dow, closing down 6.6 percent and suffering its worst day since February 201...

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  • Rupee, bond prices fall as RBI-govt spat seen widening
Rupee, bond prices fall as RBI-govt spat seen widening

Government official were very upset by Acharya's comments, which included a reference to problems created in Argentina when its government meddled in central bank affairs, Reuters reported. Adding to the row, Finance Minister Arun Jaitley blamed the central bank for failing to stop a lending spree during 2008-2014 that left banks with $150 bill...

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  • Wall Street savaged by tech sell-off
Wall Street savaged by tech sell-off

Global worries included the growing worldwide pressure on Saudi Arabia over the death of Jamal Khashoggi. Adding to the air of tension, police intercepted suspected bombs mailed to former U.S. That year, talks between China and the United Kingdom about the city's future sparked panic across financial markets, triggering a sharp depreciation of th...

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  • Google's parent company Alphabet posts $33.74 billion United States dollars Q3 revenue
Google's parent company Alphabet posts $33.74 billion United States dollars Q3 revenue

Amazon reported net income of US$2.88 billion, or US$5.75 a share in the third quarter, from US$256 million, or US52¢, a year earlier. Analysts have been watching the company's AWS cloud services business, and Amazon met, but did not beat Wall Street estimates, reporting revenues of $6.7 billion.

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  • China suggests Trump should ditch ‘tapped’ iPhones for Huawei
China suggests Trump should ditch ‘tapped’ iPhones for Huawei

Like the U.S., foreign governments like China and Russian Federation are well endowed with cybersecurity technology and are tapping the phones of influential leaders. Following a report from the New York Times that Russian Federation and China are taking advantage of his penchant for using his private iPhone , China's foreign ministry borrowed o...

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  • Saudi Arabia again changes its story on Khashoggi killing
Saudi Arabia again changes its story on Khashoggi killing

Khashoggi, a columnist for The Washington Post and a Saudi dissident, was murdered in the Saudi consulate in Istanbul, Turkey , in early October by Saudi officials. Saudi officials told The Associated Press this week that the kingdom sent a team to Turkey that included a forensics expert and a member whose job was to dress in the 59-year-old w...

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  • Winning numbers for record $1.6 billion Mega Millions jackpot
Winning numbers for record $1.6 billion Mega Millions jackpot

That would mean a 25 percent chance of no victor. The winning lottery numbers will be drawn at 9 p.m. The odds of winning the Mega Millions jackpot are slim - one in 302.5 million, to be exact - but you'll never know if you don't play.

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  • Trump 'not satisfied' with Saudi explanations of Khashoggi death
Trump 'not satisfied' with Saudi explanations of Khashoggi death

A Reuters witness said a Saudi team accompanied the Turkish investigators as they carried out the search in a auto park where the vehicle was found in Istanbul's Sultangazi district on Monday . Police cordoned off access to the vehicle park, where large numbers of media have gathered, an AFP photographer said. It was not clear what was in the ...

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  • Surveillance Footage: 'Body Double' Posed as Khashoggi After Killing
Surveillance Footage: 'Body Double' Posed as Khashoggi After Killing

Vehicle, bearing diplomatic number plates belonging to the Saudi consulate, found in Istanbul's Sultangazi district as part of probe into killing of Saudi journalist Jamal Khashoggi . Merkel told reporters in Berlin on Sunday that "I agree with all those who say that the already limited arms exports. can't take place in the situation we're now i...

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  • New footage shows Khashoggi’s body double in Istanbul
New footage shows Khashoggi’s body double in Istanbul

Saudi's official news agency said both King Salman and Prince Mohammed had phoned Khashoggi's son Salah to express their condolences. In an interview with The Washington Post published late Saturday, Trump stepped back from his stance that the Saudis had earlier provided a credible explanation for the death of the journalist inside their Ist...

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  • Chaos erupts as caravan reaches Mexico border
Chaos erupts as caravan reaches Mexico border

Mexican authorities, in a bid to soothe Mr Trump's fury and to deter the migrants, without appearing to violate worldwide law, have asked the United Nations to set up a migrant processing centre near its southern border . "Midterm elections are primarily about which party can better turn out its base, and there is no single issue in 2018 that f...

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  • 5 things to know before buying that Mega Millions ticket
5 things to know before buying that Mega Millions ticket

Still, with winnings from the largest-ever $ 970 million Mega Millions jackpot, they might have a lot left over. The estimated Mega Millions jackpot was raised on Thursday for the second time, due to strong sales ahead of Friday night's drawing, according to the NBC .

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  • Trump concedes Khashoggi likely dead, threatens consequences
Trump concedes Khashoggi likely dead, threatens consequences

The US resident and critic of the Saudi government was last seen entering the consulate in Istanbul two weeks ago. United States officials denied that the payment had anything to do with Pompeo's visit or Khashoggi , though a source told The New York Times that the timing of the deposit "was no coincidence".

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  • Oil extends gains after unexpected decline in United States stockpiles
Oil extends gains after unexpected decline in United States stockpiles

Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80.38, down 5 cents, by 1345 GMT. "That comes after prices dropped sharply on Wednesday as US crude stockpiles surged more than what the market had expected". That build in reported U.S.

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  • Softbank shares plummet amid concerns over Saudi ties
Softbank shares plummet amid concerns over Saudi ties

It has been hit by cancellations since news emerged that Mr Khashoggi, a critic of his home country and writer for the Washington Post , has not been seen since visiting the Saudi consulate in Istanbul. "Because of the leadership, because of the location, because of the people in the kingdom, we can make it happen". Son has built up strong ties ...

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