• Waffle House Index created to measure storm effects
Waffle House Index created to measure storm effects

The Federal Emergency Management Agency coined the term " Waffle House Index " to measure the effect of a natural disaster on an area. "The sooner restaurants, grocery and corner stores, or banks can reopen, the sooner local economies will start generating revenue again - signaling a strong recovery for a community".

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  • Oil trades below $70 as traders assess supply shortage
Oil trades below $70 as traders assess supply shortage

Brent rude prices fell in August however extra fair lately rose to 2-month highs round $eighty a barrel. The report provides further indication of the rapid oil demand that helped OPEC and allies get rid of a supply glut will moderate in 2019.

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  • Australia searches for culprit hiding sewing needles in strawberries
Australia searches for culprit hiding sewing needles in strawberries

A $100,000 reward has reportedly been offered for information leading to the arrest and conviction of Australia's strawberry spikers, amid fears up to six brands may have been contaminated with needles and pins. Strawberry prices have dropped around the country. This week, Jamie Michael, head of the Western Australian Strawberry Growers Associati...

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  • Major U.S. trade groups link up in anti-tariff coalition
Major U.S. trade groups link up in anti-tariff coalition

The two governments have imposed 25 percent tariffs on $50 billion of each other's goods. But Larry Kudlow, head of the White House Economic Council, said Wednesday on the Fox Business Network that Treasury Secretary Steven Mnuchin had invited senior Chinese officials to rekindle the talks.

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  • Turkey central bank raises benchmark rate to 24%; lira rallies
Turkey central bank raises benchmark rate to 24%; lira rallies

Neil Wilson, chief market analyst at Markets.com said: "This was a definite statement from policymakers, but the risk now is that the market tries to test the central bank's resolve: the horse may have already bolted". The central bank surprised investors by not raising rates when it last met in July. Inflation in Turkey is now nearly 20 percen...

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  • Jeff Bezos calls Donald Trump's attacks on media 'dangerous'
Jeff Bezos calls Donald Trump's attacks on media 'dangerous'

Bezos asked for suggestions for philanthropic focuses in a tweet past year. It is a contrast to the long view that Bezos has preached at Amazon and Blue Origin, the space-travel technology company he has been funding with $1 billion a year through the sale of Amazon stock.

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  • Bank of England's Carney extends term at helm to Jan 2020
Bank of England's Carney extends term at helm to Jan 2020

The extension was agreed in an exchange of letters between Carney and the Chancellor Philip Hammond published this morning . Carney, who is Canadian and is reported to be interested in returning to politics back home, won acclaim for helping to calm financial markets in the wake of Britain's vote in June 2016 to leave the European Union .

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  • United States seeking new trade talks with China
United States seeking new trade talks with China

Details on the potential talks were thin, but Larry Kudlow, White House economic advisor, said the prospect of talks was a positive development. It happened just hours after the Chinese Ministry of Commerce said that they had received an invitation for talks from Washington.

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  • Canadian trade negotiators to brief PM Trudeau in person
Canadian trade negotiators to brief PM Trudeau in person

Trump wanted changes that would destroy family farms across Canada, he said. "People are kind of sitting on the sidelines thinking, 'How will this affect us in the future?' If we were to lose the auto industry here that would put us into some type of recession", Chiodo said, noting that the auto trade has "always been pretty fair" for both the USA ...

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  • Turkey's central bank hikes key interest rate to 24 percent
Turkey's central bank hikes key interest rate to 24 percent

There had been indications from the bank that it would raise rates after inflation came in at almost 18 percent in August. In the other direction, with the economy heading into recession, lower rates would help inject growth stimuli. The lira has lost 40 percent of its value against the United States dollar this year over concerns about Mr Erdoga...

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  • States may get ₹22,700 cr. from oil price rise: SBI report
States may get ₹22,700 cr. from oil price rise: SBI report

On Monday, petrol prices touched Rs 88.12/litre in Mumbai , while diesel cost Rs 77.32 per litre in Mumbai . The Centre now levies a total excise duty of Rs 19.48 per litre of petrol and Rs 15.33 per litre on diesel. For example, Maharashtra (39.12 percent per litre) has the highest rate of Value-Added Tax on petrol and Goa (16.66 percent...

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  • United States beach town braces for powerful Hurricane Florence
United States beach town braces for powerful Hurricane Florence

Wilson County is under a Tropical Storm Watch and could receive anywhere from 8 to 12 inches of rain, Sharp said , with 15 to 16 inches possible in areas. The state of North Carolina is preparing for a major storm. Since then, the coastal population has grown by thousands of people. North Carolina's governor issued what he called a first-o...

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  • Top White House Economist Says Trump's GDP Claim Was Wrong
Top White House Economist Says Trump's GDP Claim Was Wrong

Who gets to claim credit for the economy? A new CNN/SSRS poll put him at 36% , down six points in a month. "The leadership thought, 'We're going to let this guy play it out". "It's the highest in 10 years". "And at some point, somebody probably conveyed it to him, adding a zero to that, and they shouldn't have done that", he said .

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  • U.S. capital under state of emergency for Hurricane Florence
U.S. capital under state of emergency for Hurricane Florence

Landfall is expected late Thursday or early Friday, and on its current path the eye of the storm will pass near Wilmington and the southern beach towns. "This is going to produce heavy rainfall , and it may not move very fast". "I'm telling them to go inland, but I'm anxious about the rain and tornadoes too", Roberts said.

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  • China vows to respond if U.S. takes new steps on trade
China vows to respond if U.S. takes new steps on trade

The Australian dollar, a proxy for Chinese growth because of the large amount of metals it sells there, hovered near its lowest in 2 1/2 years and was last at $0.7115. The latest battle between President Donald Trump and an American company pits the president against Apple. This auto can now be BUILT IN THE U.S.A.

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  • Kerala comes to a standstill on Bharat Bandh day
Kerala comes to a standstill on Bharat Bandh day

The central government collected Rs 2,88,442 crore from indirect taxes on crude oil and other oil products in FY18. Since May 2014 , the excise duty on petrol has seen a skyrocketing increase of 211%, while the duty on diesel has seen an increase of 443%.

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  • Ford Rules Out Making Focus Active Wagon In The U.S.
Ford Rules Out Making Focus Active Wagon In The U.S.

Tweeting on Sunday, the president quoted a CNBC report that Ford would no longer be selling its Chinese-build Focus Active in the U.S., adding: "This is just the beginning". Some components for Apple products, including glass from manufacturers like Corning , are made in the United States, the company has said. "No one knows how deep the ...

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  • Naidu To Reduce VAT On Petrol, Diesel?..
Naidu To Reduce VAT On Petrol, Diesel?..

In Mumbai, the prices of petrol and diesel on Sunday are Rs 87.89 per litre diesel Rs 77.09 per litre respectively. Similarly in Delhi, at Rs 80.73 per litre on Monday, taxes make up 43.18 percent of the price. According to oil companies, petrol at refinery gate costs around Rs 40.50 a litre and diesel Rs 43. On Tuesday, former Finance Minister P...

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  • Alibaba chairman Jack Ma to step down in 2019: company
Alibaba chairman Jack Ma to step down in 2019: company

Ma - who will remain on Alibaba's board of directors and continue to mentor the company's management after retirement - met Prime Minister Narendra Modi in 2015 and discussed ways to empower small businesses in the country. Here are five things to know about Jack Ma. Alibaba's $25 billion initial public stock offering on Wall Street in 2014 is th...

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  • Elon Musk And Joe Rogan Smoke Marijuana During Live Podcast Interview
Elon Musk And Joe Rogan Smoke Marijuana During Live Podcast Interview

Within an hour of Morton's exit being confirmed, Toledano said she would not return from a leave of absence. Marijuana is legal for medical and recreational use in California, where the interview was recorded. Mr Musk later backed off from his privatisation plan, saying Tesla was better off as a public company. Morton, who is walking away ...

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