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Economy

Chicago derivatives exchange operator CME Group has announced that it has self-certified the initial listing of its bitcoin futures contract to launch on December 18. While CFTC approval isn't required, the regulatory body could have halted the CME's plans if it wasn't satisfied with the self-certification. "Nevertheless", Giancarlo added, "investors should be aware of the potentially high level of volatility and risk in trading these contracts".
  • Robinho sentenced to 9 years in prison over sexual assault

    Robinho sentenced to 9 years in prison over sexual assault

    Economy

    Robinho sentenced to nine years in prison for sexual assault","description":" Robinho was found guilty of assaulting a 22-year-old woman at a nightclub in Milan in 2013, when he played for AC Milan . Brazil does not extradite its own citizens when they are sentenced in other countries. Robinho has won 100 caps for Brazil, scoring 28 goals. He is now with Atletico Mineiro and made his last appearance for the national team against Colombia in January.
  • Uber orders 24000 Volvo XC90s for driverless fleet

    Uber orders 24000 Volvo XC90s for driverless fleet

    Economy

    Under their pre-existing agreement, Uber already uses various customised Volvo vehicles - which include some of the carmaker's own self-drive hardware - and then adds on its own proprietary artificial intelligence technologies. The non-exclusive and non-binding deal would take things a giant step forward and allow Uber to launch autonomous operations on a commercial level starting in 2019.
  • Moody's ups ratings of SBI, HDFC Bank, EXIM India and IRFC

    Moody's ups ratings of SBI, HDFC Bank, EXIM India and IRFC

    Economy

    The rating agency simultaneously upgraded India's local and foreign currency issuer rating to Baa2 from Baa3. "It is a belated recognition of the positive steps taken in the past few years". Now, all eyes will be on other rating agencies - S&P and Fitch Ratings - will follow Moody's lead. Moody's upgrade, its first since January 2004, moves India's rating to the second lowest level of investment grade.
  • Job Creation First, Tax Reform Second In House Tax Bill

    Job Creation First, Tax Reform Second In House Tax Bill

    Economy

    Randy Hultgren of Plano showed support for the bill, stating in a press release "this bill provides tax cuts for the middle class, low-income Americans and USA businesses of all sizes-from home builders, to contractors, to farmers and small businesses in IL".
  • Will There Be a Bidding War for 21st Century Fox's Major Assets?

    Will There Be a Bidding War for 21st Century Fox's Major Assets?

    Economy

    Comcast Corp. has joined the pursuit of Rupert Murdoch's 21st Century Fox entertainment assets, expressing interest in acquiring Fox's Los Angeles-based movie studio, sports networks, cable channels and its vast global operations, according to two people familiar with the move.
  • 'Violent psychopath' who fled Hawaii mental hospital captured in California

    'Violent psychopath' who fled Hawaii mental hospital captured in California

    Economy

    Hawaii's Gov. David Ige said the public and authorities should have been made aware of the incident sooner, and said the state has started a review of the hospital's practices. Deputies arrested 59-year-old Randall Toshio Saito around 10:30 a.m.in Stockton after an alert taxi cab driver called police. According to NBC Bay Area News, Saito escaped Hawaii State Hospital on Sunday, November 12th.
  • Oil leak shuts down portion of Keystone pipeline

    Oil leak shuts down portion of Keystone pipeline

    Economy

    TransCanada said in its statement that it expected the pipeline to remain shut down as the company responds to the leak. "Just days before the Nebraska Public Service Commissions decides on whether to approve Keystone XL we get a painful reminder of why no one wants a pipeline over their water supply", said Greenpeace campaigner Mike Hudema.
  • France pip South Africa to stage 2023 Rugby World Cup

    France pip South Africa to stage 2023 Rugby World Cup

    Economy

    Ireland had also entered a bid to stage the tournament. South Africa , which staged the tournament in 1995, winning it in their first appearance after missing the first two World Cups because of the apartheid sporting ban, had been favourites after coming out clearly on top of the evaluation report .
  • Crude oil, gasoline stocks up unexpectedly in latest week

    Crude oil, gasoline stocks up unexpectedly in latest week

    Economy

    West Texas Intermediate crude have both shed about $3 a barrel, or almost 5 percent, from more than two-year highs struck last week. The American Petroleum Institute (API) said on Tuesday that USA crude inventories rose by 6.5-million barrels in the week to November 10, to 461.8-million barrels.
  • Record Airbus order as Franke ups bet on budget airlines

    Record Airbus order as Franke ups bet on budget airlines

    Economy

    Until Wednesday, the only major deal announced at the Dubai Air Show came on Sunday, when long-haul carrier Emirates purchased 40 Boeing 787-10 Dreamliners in a $15.1 billion deal. Airbus said the deal would be finalised before the end of this year. The A320neo and the A321neo are twin-engine, single-aisle planes popular among airlines due to their reduced fuel consumption.
  • Amazon Agrees to Sell Some Cloud Assets to Chinese Partner

    Amazon Agrees to Sell Some Cloud Assets to Chinese Partner

    Economy

    As a result, in order to comply with Chinese law, AWS sold certain physical infrastructure assets to Sinnet, its longtime Chinese partner and AWS seller-of-record for its AWS China (Beijing) region. "Chinese law forbids non-Chinese companies from owning or operating certain technology for the provision of cloud services". The spokesperson added that the company was excited about its business in China and its potential for growth.
  • Missouri Attorney General Launches Probe Into Google's Business Practices

    Economy

    Hawley's office is checking into what Google does with the user information it collects and allegations that it inappropriately scrapes information from competitors' websites. Attorney generals of 37 states reached a $7 million settlement in 2013 over Google's unauthorized collection of Wi-Fi data through its Street View digital-mapping cars.
  • Hasbro Said to Make Bid for Toy Rival Mattel

    Hasbro Said to Make Bid for Toy Rival Mattel

    Economy

    Toy companies, including Hasbro and Mattel, are finding it hard to sell toys to today's kids, many of whom would rather play with a tablet, according to commentators. Mattel has also blamed the bankruptcy of toy retailer Toys "R" Us for its weak sales. That prompted S&P Global Ratings to lower its ratings on Mattel's corporate debt.
  • You literally can have Breakfast at Tiffany's. Here's how

    You literally can have Breakfast at Tiffany's. Here's how

    Economy

    TIFFANY, T&CO., TIFFANY & CO., the color and mark TIFFANY BLUE are trademarks of Tiffany and Company and its affiliates. The Blue Box Cafe will open its doors on Friday on the fourth floor of the jewelry store's midtown location. The breakfast menu items include truffle eggs and avocado toast, and for lunch, customers can enjoy a Charles Lewis Tiffany club chicken sandwich and the Fifth Avenue salad, which is made with lobster and avocado.
  • Navya Arma involved in fender bender at Las Vegas debut

    Navya Arma involved in fender bender at Las Vegas debut

    Economy

    Technology onboard the Vegas shuttle was developed by Navya . The shuttle operates on a 0.6-mile loop around downtown Las Vegas and offers free rides to both locals and visitors. But, just an hour into its year-long trial (which follows a successful stint in January) the shuttle was hit by a delivery truck that was backing up.
  • Waymo Will Debut Driverless Cars Within

    Waymo Will Debut Driverless Cars Within "A Few Months"

    Economy

    These cars will drive subscribers to Waymo's Early Rider program within a 100-square-mile area in Chandler, a Phoenix suburb, and there will be a Waymo employee in the auto, just not behind the wheel: most likely in the backseat. The company will initially introduce these truly driverless cars in a part of the Phoenix metro area called Chandler, which the company picked because it has a simpler road system than a busier city like, say, San Francisco.