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Lufthansa pilots extend strike to Thursday

BERLIN (AP) - German airline Lufthansa canceled almost 900 flights on Wednesday, affecting some 100,000 passengers, after pilots launched a two-day strike in a pay dispute. The strike had however, not affected other Lufthansa group airlines such as Eurowings, Swiss and Austrian Airlines. The strike is impacting only Lufthansa and not the other carriers in Lufthansa Group. Read More »

Workers set for 'dreadful decade worth of wage stagnation'


The cost of living crisis facing families is worse than any point since the Second World War, according to Paul Johnson, the director. The director of one of the UK's most respected think tanks has issued a dire forecast about United Kingdom wage growth, warning workers are in the middle of more than a decade of stagnant wages. Read More »

Prosecutors raid NPS and Samsung suspecting corruption behind Samsung C&T merger


Last year, it completed an $8 billion merger between its C&T Corp. construction and trading business, and Cheil Industries fashion and chemicals business to solidify the Lee family's hold on the company. On Wednesday, the office of the president said that two other government officials, a senior presidential secretary and the justice minister had said they would resign. Read More »

Asian stocks rise after Dow hits record


The U.S. stock market will be closed Thursday for the Thanksgiving holiday. Wall Street inched up enough on Tuesday to push its three main indexes to intraday highs and also close at record levels for the second straight day as Trump's win prompted investors to pump money into the market. Read More »

Crude Oil Stable Early on November 23


Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the US Thanksgiving holiday kept traders from making big new bets on markets. The latest reports suggest Iran and Iraq may resist calls to join a proposed 4.5 percent output cut. Macquarie Capital Markets analysts pin the probability that OPEC cartel members will cut their cumulative oil production at their meeting in Vienna next week at 60 per cent, which ... Read More »

'Ned' Johnson stepping down as Fidelity chairman


Abigail Johnson, 54, succeeded her father as Fidelity chief executive in October 2014. He will continue to consult periodically with his daughter and Fidelity's board. However, over the past decade, Fidelity's advantage has slipped as investors each month pour billions of dollars into passive investment strategies, namely index funds run by archrival Vanguard Group. Read More »

Kingfisher's sales growth held back by soft French market


Like-for-like sales increased 1.8% year-on-year to £2.96bn ($3.7bn) in the three months to 31 October, following a 3% growth in the previous quarter. Europe's largest DIY retail group highlighted the performance of Screwfix, where like-for-like sales grew by 12.7 per cent to £343 million. Read More »

Message to Trump? Countries say climate fight 'irreversible'

A Moroccan soldier stands guard outside the COP22 Climate Change Conference in Marrakesh on November 14, 2016. "We count on your pragmatism as well as your commitment to the global community for the future of our planet, for humanity and for the dignity millions of people", said Mezouar. Read More »

Sensex regains 26000 mark; Nifty moves above 8000


The Sensex has so far touched a high of 26,039.70 points and a low of 25,919.05 points during the intra-day trade. Benchmark indexes Sensex and the Nifty fell about 2.5 percent last week to end near 6-month lows and the rupee crashed below the psychological 68-mark, as the cash crisis originating out of demonetization exercise and expectations of higher inflation and interest rates in the US kept FIIs on a selling spree. Read More »

NW Indiana Fire Leaves Four Dead


The mother of the four children was airlifted from the scene with unknown injuries. One officer is Drew Yoder with the Carroll County Sheriff's Department. She said she can't grasp what her friend is even going through at this time. The unidentified family was trapped in a fire which began around 3:30 a.m., Derek Johnson of the Burlington Volunteer Fire Department said. Read More »

Barclays pilots contactless cash withdrawals


The ATM recognizes it as a contactless withdrawal and asks the users to tap the phone on the machine to complete the withdrawal. If a success, the service will then be rolled out to 600 cash machines in 180 branches across the United Kingdom by the end of January 2017. Read More »

Melania Trump and son may stay in NYC for now


I'm sure Michelle Obama would have preferred to stay at home in Chicago, but she didn't want to be away from her husband. "My husband is traveling all the time", Melania Trump said. A source told the newspaper that Donald's presidential campaign "has been hard for Barron , and [Melania] is really hoping to keep disruption to a minimum". Read More »

Best Black Friday 2016 deals on TVs, tablets, toys and laptops


It appears that when it comes to the cheapest deals , Target has the lowest at US$85 for a 32-inch LED TV. The average amount spent by shoppers on Thanksgiving Day 2015 relative to other key shopping days may give pause to retailers, according to new The NPD Group , a leading global information company. Read More »

Obama offers bleak assessment of situation in Syria


President Obama called the four-minute conversation with Putin "candid and courteous", which included discussions on Syria and Ukraine in which the President said he conveyed that he was "deeply concerned about the bloodshed and chaos that's being sewn by constant bombing attacks by Assad and the Russian military". Read More »

Mexico Unveils Plan to Protect Immigrants Under Trump


In response to his victory, Mexico's 50 consulates in the US have expanded services for Mexicans living there, including bolstering defences against deportation. The spokesman implied that the government of Mexico is hopeful that Trump will be open to discussing alternatives to the planned mass deportations in the near future. Read More »

Claressa Shields wins her debut


As most boxing folks saw last night, women's boxing got a big shot in the arm when two top female amateur boxers made their pro debuts last night at the T-Mobile Arena, in Las Vegas , Nevada. "I look great. My coaches are happy". Claressa Shields attributed her decision to turn professional to a desire to build a legacy. I'm a smart fighter. Read More »

Trump meets with Obama White House

While in Washington, Trump also met with House of Representatives Speaker Paul Ryan and Senate Majority Leader Mitch McConnell, leaders of the Republican majorities in each chamber, about their legislative plans. MORE: Hillary Clinton on Trump - "We owe him an open mind, chance to lead" But at least publicly, the two men appeared to put aside their animosity. "As far as I am concerned, it could've gone on a lot longer", Trump told reporters. Read More »

Obamacare Repeal Would Disrupt Insurance Market, Progressives Say

This solution is called an insurance mandate. In the Journal's phrasing, he "said he favors keeping the prohibition against insurers denying coverage because of patients' existing conditions, and a provision that allows parents to provide years of additional coverage for children on their insurance policies". Read More »

India banks reopen to long queues after rupee withdrawal

In Patna, many stood in long serpentine queues in front of different nationalised and private banks to exchange old currency notes of Rs 1,000 and Rs 500 besides depositing and withdrawing money. "I am standing here for the past one hour, and it seems the people in the queue are just crawling", said Mahendra Kumar, who was waiting outside an ATM at Kidwai Nagar marble market. Read More »

Sustained Inflation Rise Required — ECB's Draghi


European Central Bank rate setters meeting last month agreed that they would decide in December whether to extend the 1.74 trillion euro ($1.9 trillion) asset buys, minutes of the October 20 meeting showed on Thursday. Policy makers will discuss in December how to prepare for a change in communication and policies, he said. The ECB began its quantitative easing programme in January of 2015 and it is set to expire in March 2017. Read More »

USDA Report Says Cincinnati Zoo Gorilla Exhibit Was Compliant Until May Incident


The child - who was visiting the zoo with his mother and relatives - was dragged around the enclosure for several minutes before zoo staff shot the gorilla. She says the zoo took quick and comprehensive corrective action in making the barrier taller and adding nylon mesh. Zoo Director Thane Maynard said it will continue to work with authorities to ensure its exhibits meet or exceed standards. Read More »

Gold Set For Second Weekly Loss As Dollar Soars


USA gold futures dipped 0.7 pct to $1208.4 an ounce, after shedding almost 1 percent earlier in the day. Gold turned lower as the U.S. dollar rose to the highest since 2003 against a basket of six major currencies. "The gold market seems to be fully accommodating a rate rise in December", HSBC analyst James Steel said in a note. The nine-month long rally of gold price is fizzling out. Read More »

Stronger $US prompt oil fall


But since the September meeting, some producer nations in OPEC , including Iraq , have asked to be exempt from any output cut deal and the group's production in October climbed to a record of 33.83 million barrels a day. Hamed Al-Zobaie, Iraq's deputy minister for natural gas affairs, will represent the country in Doha, according to a spokesman from the oil ministry. Read More »

NZ quake response enters new phase, more aftershocks expected


The USS Sampson - a guided missile destroyer - had been heading to Auckland for the New Zealand Navy's 75th anniversary celebrations, but diverted south after the quake occurred. In Wellington , as many as 60 buildings were damaged, including serious structural damage to three relatively recently constructed multi-storey buildings, one of which engineers said would have to be torn down. Read More »

Vast field of recoverable oil, natural gas found in Texas


The agency's estimate focuses on continuous, unconventional oil and consists of undiscovered, technically recoverable resources. The shale contains 16 trillion cubic feet (Tcf) of mean technically recoverable natural gas , as well. The USGS Wolfcamp shale assessment was undertaken as part of a nationwide project assessing domestic petroleum basins using standardized methodology and protocol. Read More »

First Solar Scares With Huge Job Cuts


To top this, First Solar, Inc . First Solar (FSLR -6%) remains lower but off its early morning bottom, with analysts offering mixed reactions to FSLR's sharply downside 2017 guidance as the company announced plans to completely phase out its current production of the Series 4 module and cancel Series 5 while accelerating production of Series 6. Read More »

IEA report predicts gas and renewables set to dominate


The IEA's assessment found that under a scenario giving the world a 50/50 chance of meeting the 2C target, coal use would fall by 2.6% a year, oil demand would drop back to 1990 levels by 2040 and natural gas would plateau by the 2030s. The IEA believes about three-quarters of current US coal capacity can operate profitably once the industry works through a painful debt restructuring. Read More »