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Apple said on Wednesday (30 January) it had banned Facebook from a program created to let businesses control iPhones used by their employees, claiming the social networking company had improperly used it to track the web-browsing habits of teenagers.
  • Worldwide oil prices dip as USA crude inventories rise

    Worldwide oil prices dip as USA crude inventories rise

    Markets

    Gasoline stocks, however, “continue to climb higher on the East Coast amid strong imports, resulting in a build on the aggregate despite a drop on the Gulf Coast, while distillate stocks have also eased amid lower refinery activity and higher implied demand, ” he said .
  • RBI cuts repo rate in first policy review under new governor

    RBI cuts repo rate in first policy review under new governor

    Markets

    MPC members Viral Acharya and Chetan Ghate voted against a rate cut. However, it remains to be seen if the banks will quickly pass on the benefits of the rate cut to the borrowers. The CSO has estimated GDP growth at 7.2 per cent for 2018-19. This sixth bi-monthly policy is Das's first as the central bank's Governor and the first policy after Budget.
  • Aussie bank shares soar as banking report goes softer than expected

    Aussie bank shares soar as banking report goes softer than expected

    Markets

    While banks will face a tougher future with regulators empowered to crack down on wrongdoers, the 76 recommendations in the Royal Commission's final report were widely seen as a reprieve for the banks, which had been battered as the probe unearthed a string of scandals from charging fees for no service and pushing people into poorly-performing products to meet bonus targets.
  • Oil prices edge higher amid concerns over global economy

    Oil prices edge higher amid concerns over global economy

    Markets

    Venezuela's opposition is opening a US fund to receive the proceeds of oil sales, a key measure to secure revenue for its effort to dislodge Maduro, an opposition lawmaker said on Wednesday. -China trade talks and the unexpected sanctions on Venezuelan oil have been the biggest influences on prices over the short-run. Trading proceeded at lower volumes in parts of East Asia because of the Lunar New Year holiday.
  • Oil slips below $62 on rise in USA inventories

    Oil slips below $62 on rise in USA inventories

    Markets

    On average, however, analysts expected the EIA to report a rise of 3.7 million barrels in crude stockpiles for the week ended February 1, according to a survey conducted by S&P Global Platts. The sanctions will sharply limit oil transactions between Venezuela and other countries and are similar to those imposed on Iran a year ago, experts said after examining details posted by the Treasury Department.
  • United Nations warns of massive global impact of U.S. plan

    United Nations warns of massive global impact of U.S. plan

    Markets

    The president also renewed his often-repeated falsehood that China was paying the United States import duties on its exports. A senior Trump administration official said that through ongoing talks about the US' 142 trade demands, the number of items Beijing deemed non-negotiable has been sharply reduced, The Wall Street Journal reported on Tuesday.
  • The State of the Union, in pictures

    The State of the Union, in pictures

    Markets

    Trump's speech to lawmakers and the nation comes at a critical moment in his presidency. His speech sought to shore up Republican support that had eroded slightly during the recent government shutdown and previewed a fresh defense against Democrats as they ready a round of investigations into every aspect of his administration.
  • United Kingdom and other European countries recognise Guaidó as Venezuela's leader

    United Kingdom and other European countries recognise Guaidó as Venezuela's leader

    Markets

    Last week, the UN chief met with Mexico's ambassador to the UN Juan Jose Gomez Camacho who said the Montevideo conference was to "offer a chance for dialogue to all parties involved". The United States is sending food and medical supplies to Colombia's border with Venezuela where it will be stockpiled until it can be delivered to the economically shattered nation, US officials with knowledge of the plan said today.
  • Major HMV stores in London facing the axe following chain's sale

    Major HMV stores in London facing the axe following chain's sale

    Markets

    HMV has been rescued from administration by a young retail mogul Doug Putman, who owns a similar chain of Canadian stores called Sunrise Records . Mr Putman, who bought HMV Canada out of bankruptcy in January 2017, said: "We are delighted to acquire the most iconic music and entertainment business in the United Kingdom and add almost 1,500 employees to our growing team".
  • Tesla acquires supercapacitor maker Maxwell for $218M

    Tesla acquires supercapacitor maker Maxwell for $218M

    Markets

    The lure of improved lithium-ion batteries would be tempting for any electric auto company, but Maxwell's work with ultracapacitors may also provide hints at Tesla's future plans. Maxwell surged as much as 52 percent - a record jump - to the highest since August 1. If those sound like pluses for electric vehicles, you'd be right - they're already used in certain hybrid buses, and Tesla fans have debated their potential benefits for Musk's cars for years now.
  • Alphabet delivers better-than-expected Q4 revenue

    Alphabet delivers better-than-expected Q4 revenue

    Markets

    Quarterly profit was $8.95 billion, or $12.77 per share, compared with a $3 billion loss a year ago. Overall, Google's revenue for the quarter was $39.1 billion, up 22% from the $32.2 billion recorded during the 2017 fourth quarter. One stunning number is telling about Google's effectiveness as a business. Alphabet reported capital expenditures of more than $7 billion for Q4, easily surpassing the $5.63 billion in capex it planned to spend during the quarter.
  • Elon Musk Sends SpaceX's Raptor Rocket Engine Roaring Onto Twitter

    Elon Musk Sends SpaceX's Raptor Rocket Engine Roaring Onto Twitter

    Markets

    The Starship is the craft that is created to transport people across the Earth in hours and eventually carry humans to Mars. He's posted gorgeous, fiery footage of a test firing of the Raptor engine on Twitter today. The Raptor will represent a technological break for SpaceX engines. Development of the BE-4 will be completed later year, Bob Smith, chief executive of Blue Origin, said at a January 25 groundbreaking for a new factory in Huntsville, Alabama, that will produce the engine ...
  • GM will start laying off 4,000 employees on Monday

    GM will start laying off 4,000 employees on Monday

    Markets

    GM announced the layoffs in November at the same time it also revealed it also would close four of its plants in the United States and a fifth plant in Canada. President Donald Trump plans to deliver the annual State of the Union address a day earlier on Tuesday. Overall, Trump is presiding over a strong American economy.
  • Queen Elizabeth's evacuation plan in case of Brexit unrest

    Queen Elizabeth's evacuation plan in case of Brexit unrest

    Markets

    With less than two months until Britain is due to leave the bloc on March 29, concerns are growing over the risk of a disorderly "no deal" exit. But prominent eurosceptic Conservative Steve Baker said many pro-Brexit lawmakers had broader concerns about her deal.