Business

Theresa May says she won't run in next general election

The results of the vote will be announced at 9 p.m. She added: "I think markets are most concerned that the United Kingdom could leave on March 29 without a deal in place, which many people think would be damaging for the economy and when we get that sort of muse then the pound suffers".

A look at where companies stand on marijuana business

The deal also includes warrants to acquire an additional ownership interest in Cronos at a price of C$19 per share over the next four years, which could raise Altria's stake to 55 percent. "We don't plan on using the capital to build greenhouses around the world". "We'll work with them on genetics, technical assistance, taking back the product and ultimately processing it, formulating it, branding it and distributing it", he said.

Saudi Arabia doesn’t need USA permission to cut oil output - energy minister

OPEC members agreed to cut oil output on Thursday, although it's unclear by how much. OPEC members are all mentioning that production cuts will be at 1 million bpd and the market isn't liking it. A day of preliminary talks in the Austrian capital on Wednesday concluded with a panel led by Saudi Arabia and Russian Federation recommending an output reduction lasting six months, but the committee didn't discuss how big any cuts should be.

Donald Trump says China sending 'strong signals' of trade cooperation

Fears of a hotter trade war had sent financial markets tumbling in October and November. But details of what exactly the two sides have agreed to have been vague and White House aides have struggled to explain what the two countries actually agreed on.

Winning battles in the wars against fentanyl and trade with China

Washington will raise duties on Chinese goods, Beijing will increase the imports from America and the parties would meet within 90 days of the negotiations to resolve disputes in trade. "If they cancel the extra 25 percent tariff on USA -made cars, then we will see positive signs for imported cars", said director of the China Automobile Dealers Association's import committee, Wang Cun, according to Reuters .

G-20 summit begins in Argentina amid big-power tensions

Meanwhile, two men under heavy criticism from the West lately - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman - appeared to seek refuge in each other, bonding with a tough-guy hand grab as the leaders sat down around a huge round table for talks.

Why Donald Trump Keeps Telling Himself That Tariffs Are Working

GM, now the second largest electric vehicle seller in the USA, is on track to reach the 200,000 threshold by the end of this year, tech news site Clean Technica has reported , meaning that most of the electric cars that GM sells in 2019 and beyond won't qualify for the tax break anyway.

USA lawmakers' concern on Saudi Arabia prompts Pompeo, Mattis briefing

According to Al-Arabiya, they held closed-door bilateral talks. Dozens of Tunisian rights activists and journalists staged a small protest in the capital Tunis on Monday against Prince Mohammed's planned visit over the Khashoggi killing.

White House Doubles Down On Coal Despite New Climate Report

Thirteen federal agencies including the National Academy of Sciences, the Committee on Environmental and Natural Resources, and the National Science and Technology Council, along with university and commercial scientists were required by Congress to release the report , called the Fourth National Climate Assessment .

Draft Brexit agreement 'right deal for the UK': May

Tusk, who chairs meetings of EU leaders, said he has sent the draft political declaration to Britain's 27 European partners and that it till requires "the endorsement of the leaders". The bill has previously been estimated at about 39 billion pounds (NZ$74 billion). Telling the news cameras that she had tasked British negotiators to work overnight to get an agreement on the draft document, Theresa May said: "this is the right deal for the UK".

Bitcoin slumps further as crypto values fall across the board

Cryptocurrency markets are at $146 Billion from the previous market at $210 billion. This sudden price correction also led to Ripple (XRP ) leapfrogging Ethereum . One reason for the XRP to perform well could be the string of major deals by Ripple for its XRP-powered xRapid payment services with several global financial institutions over the last few months.

Oil falls to lowest price in 12 months

OPEC + is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter. At the same time, supply has been surging amid a massive increase in U.S crude oil production. The producer group said growth in supplies from non-OPEC countries would outpace growth in demand, "leading to widening excess supply in the market".

Three states vote to legalize marijuana in midterm election

A similar measure was defeated in North Dakota , meaning there are now 10 states - including Colorado, which was the first - that allow recreational use of pot. Canada last month became the first industrialized country to legalize recreational cannabis. As of early Wednesday morning, 67 percent of voters had approved the proposal.

Amazon Offers Free Shipping on All Orders for the Holidays

Prime members live in an area served by the company's expanding same-day Prime Now delivery service. As part of the promotion, the online retailer is waiving the $25 purchase minimum for non-Prime members starting Monday. Amazon Prime members will receive a number of handy benefits during the Black Friday Sale. Like previous years, Amazon UK will offer 'Deals of the Day' every day throughout the period across the site along with 'Lightning Deals' - products available at a ...

Global markets misery as Dow Jones' 2018 gains are erased

Several companies sustained heavy drops after reporting disappointing quarterly results. Another torrent of selling gripped Wall Street Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the benchmark S&P 500 index to a sixth day.

China Mints Two Billionaires a Week

A burgeoning tech industry and startup culture that's poised to challenge Silicon Valley has been the engine for much of China's wealth creation, according to the report , which noted that China produced nearly three times as many self-made billionaires as the USA past year.

Updates to Tesla Model Y and ride-share plans

However the massive burn rate Tesla suffered in 2017 and early 2018 was a temporary situation associated with the ramp-up of Model 3 production. Electric auto maker Tesla on Wednesday reported an "historic" quarterly profit driven by demand for its mass market Model 3, as the company looks beyond its U.S.

Single winning ticket sold in United States lottery just shy of world record

States receive a percentage of lottery ticket sales and then use the money to support public schools or meet other needs. The buyer of the ticket beat the odds of 1 in 303 million to win the Mega Millions drawing for one of the largest jackpots in United States history.

Saudi crown prince may be behind Khashoggi death: Donald Trump

Trump has repeatedly declined to say if Crown Prince Mohammed bin Salman was behind or aware of the killing as many USA officials and foreign governments have concluded, in part because numerous crown prince's associates were involved in the killing.

A Mega Millions winners means big tax revenue, too

Mega Millions now marks the largest lottery prize in the history of the United States. The previous record was a US$1.586 billion jackpot for a Powerball drawing in 2016. "Even though the odds are against me, I still have that one hopeful chance, not going to lie", says James Howard, student at Truckee Meadows Community College.