Business

Business Windfall Oil Tax On ONGC In Offing To Soften Fuel Prices
Author: 0 Windfall Oil Tax On ONGC In Offing To Soften Fuel Prices

The discussion will have Prime Minister's Office, Oil Ministries, the Finance and state-owned oil marketing companies. This surge in fuel prices is largely attributed to the recent rise in crude oil prices and the high excise duty on the fuels in the country.

Business White House team to go to Singapore for Trump-Kim summit prep
Author: 0 White House team to go to Singapore for Trump-Kim summit prep

Should the summit take place, it would be the first time for a sitting US president to meet a DPRK leader. North Korean leader Kim Jong Un expressed "his fixed will" on a possible June 12 summit with U.S. Concerns grew earlier this month after North Korea responded to the United States calling for the denuclearisation of the peninsula and a complete dismantling of the nuclear programme by threatening to pull out of the summit unless Washington offered something in return.

Business Brent Crude Goes Below $80 As Russia Plans Increase In Oil Production
Author: 0 Brent Crude Goes Below $80 As Russia Plans Increase In Oil Production

Saudi Arabia says OPEC and Russian Federation could supply more oil to world markets "in the near future" to make up for a collapse in Venezuelan output and the impact of United States sanctions on Iran, reported CNN .Speaking during a panel discussion hosted by CNNMoney's Emerging Markets Editor John Defterios, Saudi energy minister Khalid Al-Falih said he was engaged in intensive discussions with Russian Federation and other OPEC officials about how to balance the oil market.

Business Brazilian lorry drivers' strike will end by force, president warns
Author: 0 Brazilian lorry drivers' strike will end by force, president warns

However, Petrobras CEP Pedro Parente said the decision to cut prices for 15 days and then start gradually bringing them back up to market levels had not been made under pressure from the government, but aimed to ease the pressure on the streets, where more than 200,000 truckers are protesting the price hikes resulting from higher global oil prices.

Business No winning ticket for Friday night’s $60M Lotto Max jackpot
Author: 0 No winning ticket for Friday night’s $60M Lotto Max jackpot

Two Maxmillions prizes, worth $500,000 each, were sold in Toronto and Sault Ste. Each of the seven winning tickets is worth $117,769.60. The Ontario Lottery Gaming Corporation is reporting that eight Maxmillion prizes, worth $1 million each, were sold in Markham, Woodbridge, the Newmarket area, Barrie, the Ottawa area, Toronto (two tickets), and the Toronto area.

Author: 0 Saudi Arabia hints at oil supply boost

It equally reported that U.S. West Texas Intermediate crude futures were at $68.84 a barrel, down by $1.87. Novak said a production increase is called for because OPEC member Venezuela has fallen far short of its production targetby almost 1 million barrels a day recently.

Business Netflix's stock market value eclipses Disney's for first time
Author: 0 Netflix's stock market value eclipses Disney's for first time

Disney's stats, however, dropped to $101.74 per share for a market cap of $152 billion. For Q1, Netflix reported $3.7 billion in revenue, up 40% year over year, and net income of $290 million, up 63%. Shares in the online streaming giant rose more than 2% in afternoon trading in NY, pushing the firm's market value to more than $153bn (£114bn). Comcast has confirmed that the company hopes to outbid Disney in an effort to acquire most of the remaining assets of 21st Century Fox.

Business Uber, Pittsburgh mayor clash over plan to restart self-driving auto tests
Author: 0 Uber, Pittsburgh mayor clash over plan to restart self-driving auto tests

In those six seconds , the self-driving system was wildly confused about what the pedestrian even was: First, it was an unknown object, then another auto, then a bicycle. The NTSB report states that everything was working normally on the vehicle. Uber suspended all of its self-driving operations after the accident, and permanently ceased testing in Arizona on Wednesday.

Business Federal Bureau of Investigation seizes domain used by Russian hackers to infect 500,000 routers
Author: 0 Federal Bureau of Investigation seizes domain used by Russian hackers to infect 500,000 routers

California-based telecommunications giant Cisco sounded the alarm Wednesday, saying the company had identified more than 500,000 computers infected with malware to be used in a massive upcoming cyberattack. Reuters added that the USA government would try to wrestle control of the infected routers after a Pennsylvania federal judge gave the FBI permission to seize an internet domain linked to the Russian hacking group known as Sofacy.

Business Lucas Hernandez: Missing Boy's Remains Found, Police Believe
Author: 0 Lucas Hernandez: Missing Boy's Remains Found, Police Believe

It's comforting to know our Lucas has touched so many lives. His cause and manner of death wasn't discussed in the police department's e-mail. When Ramsay spoke, the body had not yet been positively identified as Lucas. He says he's continuing to work on another missing-persons case in North Carolina. In January, about a month before Lucas disappeared, the paper reports that a school nurse said that he came to school with so many injuries to his face that he looked like he'd been in a fight.

Business Timetables chaos ‘down to Network Rail failings’
Author: 0 Timetables chaos ‘down to Network Rail failings’

Introducing new services, providing passengers with faster journeys and delivering more seats will be part of this essential transformation - but the level of disruption that passengers have experienced in the north is unacceptable. I have spoken with the chief executive of Transport for the North and the Mayor of Greater Manchester to underline our absolute commitment to improving performance for passengers.

Business Union accuses Tesla CEO Musk of threatening workers
Author: 0 Union accuses Tesla CEO Musk of threatening workers

Predictably, Musk's tweet was met by a chorus of whiney knee-jerk reactions from so-called "journalists", including The Verge's Andrew J. Hawkins. He wrote: 'Going to create a site where the public can rate the core truth of any article & track the credibility score over time of each journalist, editor & publication.

Business Golden Retriever Dog Delivers Litter Of Puppies At Florida Airport [Photos, Video]
Author: 0 Golden Retriever Dog Delivers Litter Of Puppies At Florida Airport [Photos, Video]

Proud papa "Nugget' was looking on, too". Photos and a video of the incident were uploaded on the fire department's Twitter page under the hashtag "AirportPuppies". Van Atter said Rigby was still training as a service dog to help her with mobility and pain issues. James was talking to the Tampa Bay Times by phone from the airport when people started cheering in the background.

Business Deutsche Bank to slash thousands of jobs to control costs
Author: 0 Deutsche Bank to slash thousands of jobs to control costs

Those measures, the bank said last month, will lead to a "significant reduction" in employees, without giving more information. When Sewing, the former co-head of the bank's retail banking arm, was appointed to replace his British predecessor, John Cryan, in April , he vowed to take "tough decisions" to return the bank to profitability.

Business Fiat Chrysler Is Recalling 4.8 Million Vehicles Over Cruise Control Flaw
Author: 0 Fiat Chrysler Is Recalling 4.8 Million Vehicles Over Cruise Control Flaw

The problem occurs when the vehicle is forced to accelerate while cruise control is engaged, something that might happen while it's climbing a steep hill, for instance. Fiat Chrysler said vehicles may be placed in park once stopped, at which point cruise-control is canceled. Most of the vehicles being recalled cover 2014-2018 model years.

Business Tesla agrees to settle class action over Autopilot billed as 'safer'
Author: 0 Tesla agrees to settle class action over Autopilot billed as 'safer'

District Court in San Jose. "In fact, new vehicles equipped with Tesla's newest software still do not have some of the basic safety features that are standard features of cars equipped with the older software - and that are supposed to be standard features of Tesla's newest vehicles, too", Sheikh said .

Business Feds reportedly open criminal probe into crypto prices
Author: 0 Feds reportedly open criminal probe into crypto prices

These include spoofing the market with fake orders to trick other traders, and wash trading to create fake trading volume. Bloomberg reported that the Justice Department was working with the Commodity Futures Trading Commission , which oversees cryptocurrency derivatives , for the investigation.

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