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Business

Barack Obama to attend Shimon Peres funeral in Jerusalem

Addressing reporters Wednesday from Sheba Medical Center outside Tel Aviv, his son, Chemi Peres, said his father "did not have any other goal in life other than serving those he loved", referring to the people of Israel . In every role he undertook - from forging Israel's defense strategy in the 1950s to running his eponymous peace foundation - Peres was known for his energy and enthusiasm, even recording jokey YouTube videos into his 90s.

Business

No diesels need apply: Electric cars rule at Paris show

For now, VW is calling it the "I.D". Mauer also noted that because some of the defining characteristics of cars - for example, the sound of their engines - are not applicable with EVs, the design of the model becomes more important. In the wake of its diesel emissions scandal, the Volkswagen Group is attempting to clean up its image by focusing on electric cars. That styling will likely be shared with the other upcoming electric Volkswagens.

Business

Mother admits smothering children in Amber Alert deaths, police say

Neighbors of Amber Pasztor, the woman who confessed to the murder of her children, say she was "always a bit off". Elkhart police say autopsies on a young girl and boy found dead in the northern in city have determined that they are the children of a woman facing preliminary murder charges in their deaths.

Business

Oil production to be curbed after Opec agreement reached

US stocks rose Wednesday as energy shares rallied with crude prices after OPEC was said to have agreed to cut production for the first time in eight years. Oil prices jumped more than 5 per cent to trade above US$48 per barrel as of 2015 GMT. According to Wednesday's deal, Iran will be allowed to increase production to 3.7 million barrels a day, according to Algerian participants at the meeting.

Business

US close: Stocks end higher as OPEC agrees to limit production

The S&P 500 index showed nine new 52-week highs and one new lows, while the Nasdaq recorded 40 new highs and six new lows. The S&P 500 financial sector was up 0.22 percent and gave the biggest boost to the benchmark index, while energy rose the most by 0.7 percent, driven by higher oil prices.

Business

Patients killed after two hospitals in Syrian city of Aleppo bombed

The United States is making preparations to suspend bilateral talks with Russian Federation on Syria - unless Moscow takes immediate steps to end the assault on Aleppo and restore a ceasefire, the US State Department said Wednesday. "We had to take the hard decision to let the hard cases die and attend to those who had better chances of surviving", said Mohammed Tareq, a nurse at one of the hospitals.

Business

Black Ops 3's Mod Tools Are Finally Here

If you want to see what modders have created with the mod tools so far, you'll be able to do so when the Steam Workshop for Call of Duty: Black Ops 3 opens, which Treyarch says will be "soon". Treyarch's John Rafacz explained that one of the new features of the open beta modding tools is the unranked server browser, writing... Previously only available as a closed alpha, the modding tools can now be sampled by all owners of the game.

Business

Oil Rallies After Opec Ministers Announce Output Cut

Algerian Energy Minister Noureddine Bouterfa said earlier this week that oil price at 50 to 60 USA dollars per barrel would be favorable for both consumers and producers, as it would help maintain investments and therefore assure the availability of this key energy product in the long term.

Business

Sam Allardyce 'deeply disappointed' by England exit - but wants another job

The 61-year-old had been filmed apparently trying to broker a £400,000 deal and telling businessmen how to evade strict rules on third-party ownership - a practice banned by Federation Internationale de Football Association since May 2015. " Further to recent events, the FA and I have mutually agreed to part company ", Allardyce said. If you have quite openly wanted a job for most of your professional life, you get it and you lose it after 67 days you would be distraught.

Business

OPEC reaches "historical" output cut in Algiers meeting

Zanganeh said Iran wanted to increase its daily output to pre-sanctions levels of four million barrels, from the current estimated level of up to 3.8 million. "Many countries are still going to struggle with prices well below their break-even". In Australia, Santos shares climbed 9.09 percent, Oil Search advanced 5.66 percent, Woodside Petroleum gained 5.73 percent and Beach Energy was up 10 percent.

Business

Wall Street drops as Pfizer falls; presidential debate eyed

The Dow slid 131.01 points or 0.7 percent to 18,261.45, the Nasdaq fell 33.78 points or 0.6 percent to 5,305.75 and the S&P 500 dropped 12.49 points or 0.6 percent to 2,164.69. Overseas equity markets initially rose as betting markets suggested Democrat Clinton won the first debate over Republican Trump, supporting the view of no radical changes in US policies on the domestic economy, worldwide trade and foreign policy.

Business

OPEC Agrees To Stop The Bleeding At 32.5 MMbbl/d

US stock indexes are higher Wednesday afternoon as energy companies climb following reports that OPEC nations agreed to a deal that would limit oil production in an effort to bolster prices. Over the past couple of years, OPEC countries, led by Saudi Arabia, had been willing to let the oil price drop as a means of driving some US shale oil and gas producers out of business.

Business

Iraq willing to freeze or cut production

Brent crude was up 0.02 percent at $48.70 a barrel, adding to overnight gains of 5.9 percent. OIL: Benchmark U.S. crude gave up an early gain and was little changed at $44.70 a barrel in NY. Al-Falih echoed the sentiment, saying the meeting on Wednesday will be used for consultation and that he doesn't expect that an agreement will come out of it.

Business

Postal Savings Bank of China listed in HK

The benchmark Hang Seng index ended 0.2 percent higher. The deal's timing also counted against it, some fund managers said: some investors are keeping their powder dry for what bankers estimate will be almost $7 billion of IPOs likely to hit the market before November, when economic uncertainties triggered by the US presidential election bring a lull.

Business

China's PSBC begins trading in Hong Kong

And rules preventing Chinese state companies from being sold for less than the net value of their assets mean PSBC is trading at a premium to peers such as Industrial and Commercial Bank of China (ICBC), offering investors even less of an incentive, he added.

Business

Stocks rise, led by high-dividend sectors

US stocks soared on Thursday, with the Nasdaq hitting a record intraday high, a day after the Federal Reserve stood pat on interest rates. The Australian dollar edged up to an nearly two-week high of US$0.7641 after new Reserve Bank of Australia Governor Philip Lowe said interest rate cuts and a weaker currency were helping the economy, but that it was "not particularly useful" to keep cutting rates in the hope that this would eventually lift growth.

Business

Dangerfield claims 2016 Brownlow Medal

Geelong midfield superstar Patrick Dangerfield has capped his first year at the club by claiming the 2016 Brownlow medal , the AFL's highest individual honour. "But I think halfway through the count, when Paul Couch was replayed and the conversations around how Paul contributed to the game, it hit me what it would be like to be a Brownlow Medallist." "So Couchy - this one's for you mate".

Business

Lands' End CEO Marchionni steps down

Marchionni, who previously worked for the high end fashion label, Dolce & Gabbana, had a background and style that at times clashed with the sensibilities of a company known for its stolid outerwear. Lands' End is now searching for a new CEO. The company said it is considering internal and external hires to fill the role. Lands' End has reported eight consecutive quarters of declining sales.

Business

Wells Fargo chief forfeits $41m amid corruption probe

The fallout from the controversy has also resulted in its first major executive departure. One of Tolstedt's biggest achievements when she led the division was the expansion of multiple accounts held by Wells Fargo customers. Stumpf was also well-known in the banking industry for his company's ability to sell products to customers. The boss of Wells Fargo is to give up $41m (£31.4m) from his pay package because of an accounts fraud that has shaken the company.

Business

Bills' Ryan trolls as Patriots explore quarterback options

The New England Patriots quarterback threw several balls - including one that traveled about 30 yards in the air - in front of reporters at Wednesday's practice. According to a report, Patriots offensive coordinator Josh McDaniels plans to leave the Patriots after the 2017 season to pursue head-coaching opportunities.

Business

Samsung Galaxy Note 7 back on sale

Samsung says that it's already given out 500,000 units to those affected, although reports suggest that only a quarter of people who bought a Galaxy Note 7 have exchanged their faulty models for new ones. In an interview with MobileSyrup, Brannen stated, "Samsung's first priority is to fulfill devices for customers who have registered for the Canadian Product Exchange".

Business

Province scraps $3.8 billion energy plan

The government's investments in the electricity system over the past decade mean Ontario has "a strong supply of clean power", said Thibeault. The provincial Liberals have cancelled plans to sign contracts for up to 1,000 megawatts of green energy in a bid to keep residential rates from inching even higher.

Business

Recurrent Energy signs 100MW power purchase agreement with MCE

We are pleased to have the opportunity to continue delivering reliable, cost-competitive solar power to MCE and their customers.' About MCE MCE is a not-for-profit, community-based electricity provider that gives customers the choice of having 50% to 100% of their electricity supplied from clean, renewable sources such as solar , wind, bioenergy, geothermal and hydroelectricity at competitive rates.

Business

News conference set on Amber Alert deaths

It was reported the children had been taken by their non-custodial mother and Frank Macomber , 66, and were believed to be in extreme danger. An Indiana woman is accused of killing her two children after the two kids were found dead inside a vehicle.

Business

Jeremy Corbyn's stance on migrant numbers questioned by Labour colleagues

Britain's exit from the bloc, or Brexit, did not even make it onto the official agenda of the Labour party's conference in Liverpool , where lawmakers were more concerned with whether Labour will survive in the future. BMG asked more than 2,000 people to consider whether they would vote Labour at a General Election under four different scenarios - a Corbyn-led party, a Smith-led party, a party where Corbyn has stepped down but the leader is unknown, and for good measure, an Ed Balls-led ...

Business

Global stocks rise as US, Japan central banks stay dovish

In commodity markets, gold traded at $1,332.36 an ounce (XAU=), having climbed 1.6 percent as the USA dollar declined. But an anticipated dollar strengthening never happened, as the Fed also gave a much more dovish outlook for rates over the next two years.

Business

Kenya launches sweet TB drug

TB Alliance ( Global Alliance for TB Drug Development ), an worldwide non-profit organization, was involved in the development of the drugs used to cure TB after receiving a $16 million grant from UNITAID . "These new treatments will not have an impact until they reach the children that need them". " No child should die of TB, yet for too long, we have not had the medicines to mount a sustainable response against childhood TB ", UNITAID's director of operations, Robert Matiru, said in the ...

Business

Indian cabinet approves purchase of 36 Rafale fighter jets

The deal has materialised 16 months after Prime Minister Narendra Modi announced India's plans to buy 36 Rafale fighter aircraft in fly-away condition during his April 2015 trip to France. With Meteor, the balance of power in the air space has again tilted in India's favour. Currently, India is having only 33 fighter squadrons while at least 42 are needed to defence against countries like China and Pakistan.

Business

Utah tax climate ranks No. 9 for business

A new report released by the Tax Foundation Wednesday shows that Minnesota ranks nearly last in the country for fostering a desirable business tax climate. On the flip side, California has the third worst business tax climate, but ranked 12th in job growth. "If we want to build a strong economy, then we need to transition from a strategy that relies on generous subsidies and tax incentives and move toward making NY a place where businesses can afford to invest".

Business

Fed's Kashkari says economy has room to run before overheating

Yellen takes her seat on Capitol Hill in Washington on September 28 before the House Financial Services Committee hearing. If this happens, the Fed could be forced to raise rates faster than policymakers would like to, she added. The Federal Reserve does not have a "fixed timetable" for removing the current accommodative stance, central bank Chair Janet Yellen told Congress on Wednesday, APA reports.

Business

Congressional Democrats Sympathetic to Dakota Access Pipe Opponents

The Standing Rock Sioux Tribe of North Dakota are reportedly engaged in a legal environmental and sacred battle against Dakota Access, a subsidiary of Texas-based Energy Transfer Partners, the US Army Corps of Engineers and the D.C. In this Wednesday, Sept. 14, 2016, photo, volunteers toss logs at an oil pipeline protest encampment near the Standing Rock Sioux Reservation in southern North Dakota.

Business

"The Magnificent Seven" tops North American box office

Warner Bros. Pictures' Storks characters Sarah Gardner, voiced by Jennifer Aniston, from left, Nate Gardner, voiced by Anton Starkman and Henry Gardner voiced by Ty Burrell. Snowden, director Oliver Stone's film about Edward Snowden , the United States intelligence contractor who leaked thousands of classified documents to journalists, ranked fifth in its second week at US$4.1 million.

Business

Oil prices down in Asia as OPEC heads into key talks

Negotiations in Algiers will be a " warm up" for OPEC's next meeting in Vienna in November, Iran's oil ministry news service Shana reported, citing Minister of Petroleum Bijan Namdar Zanganeh. The predominant idea since early 2016 among producers has been to agree to freeze output levels, although market watchers have said such a move would fail to reduce unwanted barrels.

Business

Federal Bureau of Investigation report finds rise in violent crime

The number of property crimes - including burglary , auto theft and larceny - reported to law enforcement agencies has decreased more than 20 percent over the last 10 years, according to the report . Also, property crimes decreased 6.8 percent in OH, while only decreasing 2.6 percent nationwide. The FBI's crime totals have attracted scrutiny in recent years because of the inconsistent reporting by law enforcement agencies on use of force by police officers.

Business

Donald Trump claims Hillary Clinton did not rattle him

One of Mr Trump's weaker moments came when he was asked to explain why he had questioned President Barack Obama's citizenship even after the president released his birth certificate in 2011. Clinton said Trump called her "Miss Piggy" and also "Miss Housekeeping" because she was a Latina. Donald Trump addresses thousands of supporters at a rally in Orlando in March.


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