Markets

United Kingdom cuts growth forecasts in first budget plan since Brexit vote

United Kingdom cuts growth forecasts in first budget plan since Brexit vote

Hammond, the Chancellor of the Exchequer, also said the United Kingdom government would need to borrow billion of pounds more over the next five years to invest in infrastructure in order to offset the negative results of the Brexit vote. He said the United Kingdom lags behind the USA and Germany by 30%, France by 20% and Italy by 8%. The new draft Charter for Budget Responsibility has three fiscal rules - return public finances to balance "as early as possible in the next Parliament" with ... Read More

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Eli Manning's tunnel vision pays off for Steelers defense

Instead, the Giants took Philip Rivers, then shipped Rivers to San Diego as part of a megadeal that sent Manning - the top overall pick - to NY. You make a play like that and you get energy from the team, that's handsome. It's not an easy schedule for a team struggling on offense. Yet, they are 23rd this season, averaging only 20.4 points per game. -Roethlisberger and Brown have combined on 49 touchdowns, tying the team record held by Terry Bradshaw and Lynn Swann. Read More

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United Kingdom says it will not block European Union common defence policy

The prominent campaigner to leave believes "that as a result of Brexit we will be able to take back control of the money that we now give to Brussels". Prime Minister Theresa May's spokesman said the government did not agree with the idea of an European Union defence force and that any European Union defence policy should complement rather than duplicate North Atlantic Treaty Organisation. Read More

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Australian regulator to block collective bank bargaining on Apple payment system

Australian regulator to block collective bank bargaining on Apple payment system

They said their application wasn't about preventing Apple Pay from coming to Australia or reducing competition, but about providing consumer choice. This is now a finely balanced decision. It's been reported that ANZ agreed to share with Apple some of the fee it charges to process payments in exchange for access to Apple Pay. The ACCC plans to finalise the matter by March 2017. Read More

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US home prices surpass pre-recession peak amid healthy sales

US home prices surpass pre-recession peak amid healthy sales

Seattle recorded the highest year-on-year price increase, up 11%, followed by Portland and Denver. Monthly home prices rose in all 20 major cities covered by the index. While it's true that housing has lagged behind other sectors in the economy in the past few years, there are signs that there's more room to run. Phoenix, Las Vegas and Miami cities stayed over 20 percent below their prior peaks. Read More

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Death ride theme park to re-open in Australia

The rest of Dreamworld's rides will progressively open as they are signed off as part of a safety review, the company said. It follows the state government's safety audits of Queensland theme parks, with Dreamworld and White Water World issued a number of notices for required improvements after it was inspected. Read More

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3 dead, at least 5 sickened after Thanksgiving dinner

It is unclear at this time if the meal is connected to the foodborne illness. According to Vacar's report, "Sutter was not the only one to receive patients". "When we spoke to them about the food safety techniques, they all sounded very appropriate", said Dr. Louise McNitt. Officials are asking anyone else who attended the event and became ill with nausea, vomiting, or diarrhea to come forward. Read More

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OPEC makes last-ditch bid to save oil deal as tensions grow

OPEC makes last-ditch bid to save oil deal as tensions grow

Oil markets rallied Wednesday morning, with Brent crude futures in London jumping more than 5%, to more than $50 per barrel. The Organization of the Petroleum Exporting Countries is moving closer toward finalising its first deal to limit oil output since 2008 but Iran has been a stumbling block because it wants exemptions as it tries to regain oil market share following the easing of Western sanctions in January. Read More

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New Orleans Police say shooting leaves 1 dead, 9 injured

Authorities said police have arrested two people on weapons charges. Ambulances took the victims to hospitals, where one man died. The East Baton Rouge Sheriff's Office reported the man sought in connection with a shooting that left a woman dead is in custody and was badly wounded in a shootout with deputies Sunday night, CBS affiliate WAFB reported . Read More

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Lufthansa urges pilots union to return to pay talks

Lufthansa urges pilots union to return to pay talks

VC had rejected the latest pay offer from Lufthansa late on Friday, lifting the threat of extending its strike beyond Saturday. The union mafia says Lufthansa failed to again in offering an acceptable deal to end the strike. "We have to talk", Bettina Volkens, Lufthansa's board member in charge of human resources, told Bild am Sonntag . The airline said last month that it expects its annual earnings before interest and tax will reach "approximately the previous year's level" of 1.8 ... Read More

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Battle surrounds Trump's secretary of state pick

However, Mitt Romney isn't Trump's only option, as he's also considering former NY mayor Rudy Giuliani for this position, and the search will definitely broaden, since a final decision isn't imminent right now. In the same vein, the Trump administration has also said that other candidates are also in consideration for the position of Secretary of State . Also Thursday, Kellyanne Conway , a senior transition adviser and former campaign manager, publicly discouraged Mr. Read More

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Philippine court urged to order Marcos' remains exhumed

Philippine court urged to order Marcos' remains exhumed

Campaigners launched legal action Monday (Nov 21) to exhume the body of former Philippine dictator Ferdinand Marcos, just three days after his burial in a national heroes' cemetery triggered street protests. He was finally laid to rest Friday in a secretive ceremony at the "Cemetery of Heroes" with military honours nearly three decades after his death, angering critics who accuse Marcos of massive corruption and human rights abuses. Read More

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California mosques receive letters promising genocide, praising Trump

California mosques receive letters promising genocide, praising Trump

The Greater Los Angeles-area chapter of the Council on American-Islamic Relations (CAIR-LA) says the letter was sent to the Islamic Center of Long Beach and the Islamic Center of Claremont. CAIR's national office said it has seen a spike in incidents targeting American Muslims and other minority groups since the presidential election. Faisal Yazadi , Chairman of the Board at the Evergreen Islamic Center, was baffled by the letter, but not surprised based on the recent tension brewing in the ... Read More

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Germany's Lufthansa cancels 830 Friday flights in strike

Germany's Lufthansa cancels 830 Friday flights in strike

Lufthansa is working to make sure that the flight schedule on short- and medium-haul routes will largely operate as planned. Board member Harry Hohmeister said on Thursday the walkout was hitting mid-term bookings. The carrier also announced the cancellation of another 137 long-haul flights scheduled for Saturday, affecting 30,000 more passengers. Affected passengers can rebook their flights without charge, the airline said. Read More

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Oil prices increase amid market optimism

Energy Information Administration showed on Wednesday. US benchmark West Texas Intermediate (WTI) crude futures were down 53 cents from their last settlement, or 1.17 percent, at $44.89 a barrel at 0107 GMT. Talks are continuing, said Al-Falih, energy minister for OPEC's biggest producer. "The US EIA produced a higher-than-expected crude inventory figure, but this was subsumed into Opec gossip", said OANDA senior market analyst Jeffrey Halley. Read More

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Alabama study: Pre-Thanksgiving days dangerous on the road

AAA is projecting that more than 249,000 holiday travelers will fly, up 1.6 percent over past year. Those wanting to become pregnant should avoid traveling to active transmission areas or take precautions, such as packing mosquito-resistant clothing, long-sleeved shirts and long trousers sprayed with permethrin, enough EPA-approved insect repellent with DEET for everyone traveling to last the entire trip, she said. Read More

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Russian Federation launches missile strikes in Syria: Ministry

Russian Federation has been carrying out air strikes on Syria since September 2015 under the request of the Damascus in a bid to get rid of Takfiri terrorists fighting the Syrian government. Medics tell of desperation and devastation as hospitals hit in bombardment of rebel-held area of divided city. On Thursday, a Kremlin aide said that Moscow saw a possibility to improve joint efforts over Syria with Trump, Russian state broadcaster Tass reported. Read More

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