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Commercial US flight lands in Cuba for first time in 50 years

The flight to Santa Clara , Cuba departed on time at 9:45am and was completely full. President Obama announced in December 2014 the US would normalize relations with its Cold War enemy after five decades of restricted trade and travel spurred by America's efforts to contain communism.

Business

U.S. shares gain, Europe dips

NEW YORK, Aug 31 The U.S. dollar rose to three-week highs against a basket of currencies on Wednesday after data showed that jobs gains in August were roughly in line with expectations, before paring gains on weak manufacturing data. UK's benchmark FTSE 100 closed down 0.2 percent, the pan-European FTSEurofirst 300 ended the day up by 0.60 percent, Germany's DAX ended up by 1.1 percent, France's CAC finished the day up by 0.9 percent.

Business

PM Modi visit to Vietnam, China begins Friday

The meeting is set to take place in this picturesque eastern city on September 4 and 5 at a time when a series of terror attacks in many European countries claimed by ISIS have threatened the global peace and security. "Trade between India and Asean stood at $65.04 billion in 2015-2016and comprises 10.12 percent of India's total trade with the world", it stated. The ASEAN summit will be followed by 11th East Asia Summit which is likely to deliberate on issues relating to security and threat ...

Business

Florida finds Zika in local mosquitoes, bromeliads blamed

Adam Putnam , Florida's agriculture commissioner , said in the statement, "This find is disappointing, but not surprising". Officials say the Wynwood and South Beach areas of Miami are the only areas with local transmission. Employees also used tablets targeting mosquito larvae on catch basins, ponding areas and manholes. But the announcement noted that 95 additional mosquitoes were tested after the positive samples and all were negative for Zika.

Business

Donald Trump and Mexican President Trade Barbs over Money for Border Wall

The press doesn't like that term. He's telling veterans, "I will never let you down". According to The Los Angeles Times , The businessman revealed a set of hard-line proposals, focusing on new limits and entry criteria for legal immigrants, as well as welfare abusers, automatic renewal of visa programs and, his favorite, denying the legal status to anyone who stays in the US without proper documentation.

Business

Volvo announces partnership with Uber on driverless fleet

Volvo, Uber team up to develop self-driving cars was posted in Business of TheNews International - https://www.thenews.com.pk on August 19, 2016 and was last updated on August 19, 2016. Uber and Volvo will use the same base vehicle on Volvo's SPA platform. In common with most other major vehicle manufacturers Volvo has invested heavily in driverless auto technology in recent years.

Business

EU ruling on Apple's Irish tax is 'total political crap': CEO

But Dublin is to fight the ruling, fearful it might jeopardise its ability to attract multinational companies, many of whom come to Ireland for its low rates of corporation tax, although a victory in court would mean the government forgoing Apple's money.

Business

Company to sell cheaper version of EpiPen

Mylan said the generic will be identical to the EpiPen in device functionality and drug formulation. Richard Blumenthal, D-Conn., who is calling on the Federal Trade Commission to investigate Mylan . But this authorized generic isn't the white flag people may have been expecting. U.S. Senator Joe Manchin said he believes many of his Senate colleagues will be interested in hearing the ins and outs that have led to the price point controversy over Mylan Pharmaceutical's EpiPen.

Business

August Chicago's Most Violent Month With 84 Killed Already

National Basketball Association star Dwyane Wade is speaking out for the first time about a controversial tweet GOP presidential nominee Donald Trump wrote following the shooting death of his cousin in Chicago . Violence peaked in the 1990s as gangs fought over turf to sell crack cocaine, then a new drug, leading police to arrest gang leaders en masse. Here are Trump's leaked tactics on how he would rid our city of crime.

Business

Investigators focus on 911 call before LAX panic

Los Angeles police searched the buildings and found no shooting occurred, police said. The news of possible gunshots prompted some people to rush out the wrong security doors, setting off alarms that added to the sense of danger, LAX police union head Marshall McClain said on KNX 1070 Newsradio.

Business

Troopers release IDs of 5 killed in midair crash

The collision occurred just before 11 a.m. Wednesday, Guard officials said. The two planes, a Piper PA-18 Super Cub and a Hageland Aviation Cessna 208 Caravan collided mid-air on Wednesday above a Yukon River village, about six miles northwest of Russian Mission and some 60 miles from the Southwest Alaska hub of Bethel, media reported.

Business

Us or Them: Australia Must Choose Sides Between United States and China

Australia has the ability to maximize the opportunities afforded by China's consumption economy, Keating said. "A demonstration by Australia would be welcome", also said. "Strategic hegemony by the United States in the Pacific is incapable of preservation", he said. Australian Foreign Minister Julie Bishop tried to play down Hanson's comments, saying in a statement Thursday that " we are balancing relationships between our largest strategic ally and our largest trading partner with deft ...

Business

Brazil's President Rousseff ousted from office by Senate

In Brazil's largest city, Sao Paulo, fireworks were let off after news of the vote emerged. Michel Temer , the interim president of the Brazilian Democratic Movement Party (PMDB), was officially sworn in as president at the Senate on Wednesday afternoon.

Business

Sterling soars as United Kingdom manufacturing sector bounces back

Markit said companies had reported restarting work which they had put on hold in July, as their clients saw business starting to return to normal. There was a boost to exports from the pound's post-Brexit slump against other currencies. Exports were fueled by a weak pound, which has fallen by around 11% against the dollar since the June 23 vote. The Markit Eurozone Manufacturing Purchasing Managers' Index (PMI ), produced by Markit and based on survey data from around 3,000 manufacturing ...

Business

McGregor, Diaz agree to fight again in deciding third fight

Diaz did point at McGregor several times throughout the fight, at one point giving the Irishman the middle finger as he maintained his distance. Will Diaz be able to weather the early storm, as he has in these two welterweight bouts? This loss caused McGregor to train much harder, which he made evident by his tactical approach to the fight with Diaz.

Business

SpaceX Rocket Goes Up In Flames

No injuries resulted, but the rocket and its payload, an Israeli satellite named Amos-6, were destroyed. An explosion occurred during a SpaceX fueling operation at its launch site in Florida around 9:07 a.m. Two NASA astronauts were conducting a spacewalk 250 miles up, outside the International Space Station , when the explosion occurred. The rocket was scheduled to launch this Saturday, September 3 on a mission to deliver Spacecom's AMOS-6 communication satellite into geostationary ...

Business

Attorney general sues Waller County to enforce licensed carry

Paxton argues that while local governments can ban guns from courtrooms and offices used by court personnel, weapons cannot be prohibited from entire buildings that also house offices where guns are allowed. I will give him this, though: Paxton isn't demanding that Waller County do anything he isn't willing to do (except, you know, obey the law). Waller County officials put out signs in front of the county courthouse that state no guns are allowed anywhere inside.

Business

Research Head Says No Real Movement on Oil Prices Until 2017

International Brent crude oil futures were trading at $49.34 per barrel at 0125 GMT, up 8 cents from their previous close. While Iran supports action to stabilize the market, it won't participate in a freeze in output before regaining its pre-sanctions share of OPEC production, state-run news service Shana reported Friday, citing Oil Minister Bijan Namdar Zanganeh.

Business

Gold Prices Slide to Two-Month Low on Fed Nerves

Against the low-yielding yen, the dollar rose 0.4 percent to 102.35 yen JPY=, just below Monday's 102.39, its highest since August 9. Fed Vice Chairman Stanley Fischer , in an interview with Bloomberg TV , said the USA job market is close to full strength and the pace of interest rate hikes will depend on how well the economy is doing.

Business

United Kingdom manufacturing PMI enters expansion in August at 10-month high

A reading above 50 indicates expansion. In Europe, the focus was on sterling and the United Kingdom manufacturing PMI survey for August, following a run of generally more upbeat-than-expected data that has taken the edge off concerns about a sharp decline in economic activity following June's Brexit vote.

Business

Pioneer Natural Resources Co.'s (PXD)

After $-0.22 actual earnings per share reported by Pioneer Natural Resources for the previous quarter, Wall Street now forecasts -218.18% EPS growth. During last 5 trades the stock sticks nearly 0.34%. The stock's market cap is $30.46 billion. The latest trading activity showed that the Pioneer Natural Resources Co price went down -1.86% from its 52-week low and trades up 76.74% versus its 52-week high.

Business

Nigeria in recession as low oil prices shrink economy

President Muhammadu Buhari has finally chose to float the naira in June, after having kept it at an artificially fixed rate to maintain low prices and prevent excessive inflation. Adeosun said the drop in oil prices had accelerated the recession and that Nigeria had to tackle structural problems that had stoked inflation. We expect recession to last for the rest of the year with Q3 and Q4 GDP growth to register at -1.72% and -1.09% respectively to bring 2016 annual growth to -1.32%.

Business

Hershey shares plunge as Mondelez drops its $23 billion purchase bid

The company was created after a split from Kraft Foods, which has since gone on to combine with ketchup maker Heinz to create the Kraft Heinz Co. "While we are disappointed in this outcome , we remain disciplined in our approach to creating value, including through acquisitions", Rosenfeld said on Monday.

Business

Brazil's Rousseff ousted from office by Senate

Rousseff's successor shrugged off her claims that he had led a " coup " to seize power from her Workers' Party government, which has ruled Brazil for 13 years. In her words , "They think that they beat us, but they are wrong". However, senators voted 42-36 to allow Rousseff to retain the right to hold public office, in an apparent sign of doubts over whether a budgetary sleight of hand that is common in Brazil was truly an impeachable offence.

Business

Hillary Clinton calls EpiPen maker's price increases 'outrageous'

Mylan didn't just say "no", but "hell no", and Coury blasted Teva's management and culture in a public letter to Teva's chairman. "While Americans are dying because they can't afford Mylan's egregious drug prices, the company's CEO got a 671% raise to over $18 million", the former presidential contender said.

Business

Dramatic video shows moment tornado levels Indiana Starbucks

Tornado warnings were issued in 27 counties, and eight funnel clouds were spotted throughout the afternoon but it's unclear how many touched down, according to Howard County authorities. National Weather Service records show the last time a tornado that powerful struck in Allen County was May 16,1968 and prior to Wednesday's tornado.it was the only tornado of that magnitude to hit Allen County since record keeping began in 1950.

Business

Mexico: we won't pay for wall

Alluding to Peña Nieto's real-life tweet that he told Trump Mexico wouldn't pay for a border wall, Borowitz said el presidente "tweeted out a photo of himself seated at a table with an aggrieved-looking Trump, who appears to be placing an American Express card on top of a restaurant check".

Business

M20 reopens after footbridge collapse

A Kent Police spokesman said: "It is believed a lorry collided with a pedestrian bridge which has collapsed on to the carriageway below". Images from the scene show two trucks trapped under the rubble while video footage shows the top of one lorry's trailer smashed off and debris scattered across the tarmac.

Business

Leaked Apple Watch 2 parts reveal totally reworked internals

And just this Thursday, this rumor may have materialized according to a newly leaked video that features the different components of the upcoming Apple Watch 2. Gradually increasing the battery life with each new generation would be a win for Apple Watch, however, as nightly charging has its drawbacks. Check out this video that purportedly shows a leaked LCD & touch screen digitizer, Force Touch gasket, and battery for the Apple Watch 2.

Business

Stocks, dollar decline before U.S. employment report; oil sinks

This leaves open the prospect of a "significant" rise in short-term US yields if the August employment data on Friday is strong enough to pave the way for a rate hike at the Fed's next policy meeting, they added. The dollar rose a third of one percent against the yen to a one-month high of 103.34 yen (JPY=), and the euro slipped to $1.1130 (EUR=). But Kepner said Thursday's initial reaction may be a sign that investors have "warmed to the idea of a hike".

Business

Mascots: Watch the first trailer for Christopher Guest's new comedy

The appropriately-titled Mascots will debut this fall on Netflix, as well as in a limited release in theaters. The Netflix original film stars Jane Lynch, Parker Posey, Jennifer Coolidge, Ed Begley, Jr., and Fred Willard . Like Best in Show , Guest's comedy will revolve around a host of competitors striving to win a coveted championship in their niche field - in this case, the annual World Mascot Association's Gold Fluffy Award.

Business

Macau gaming gains up for 1st time in 26 months

So far, August is the second best month of this year, following February, when some MOP19.5 billion was taken in. At the behest of mainland China, Macau's government has pushed operators to focus more on the recreational gambler and invest in more non-gaming amenities.

Business

Disappointed we lost but good we fought: Lokesh Rahul

The aggregate of 489 runs is the highest ever in T20 internationals, while both teams hit a combined 32 sixes - the most ever. Braithwaite admitted afterwards it was one of the best matches he had ever been a part of, while also conceding it was a weight off his shoulders to win his first match in the role.

Business

Hillary Clinton to make case for American exceptionalism in Ohio

Meanwhile, Hillary Clinton is nowhere to be found and took off early yesterday at 3 p.m. As mentioned above, Clinton otherwise spent most of her speech praising America's " exceptional " qualities in the face of Trump's apparently anti-exceptional message.

Business

Hawaii dodges Madeline damage, prepares for second storm

He says all islands could be impacted as the storm passes. Overall, the storm system is expected to produce up to 10 inches of rain in Hawaii County, with 15 inches of rain in isolated areas. There were periods of intense rainfall Wednesday as the National Weather Service downgraded Madeline, with winds falling below hurricane strength of 74 miles per hour.


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