Business

World's fifth largest diamond discovered in Lesotho

World's fifth largest diamond discovered in Lesotho The news comes as a welcome boost to Gem Diamonds, which bought the Letseng mine in 2006. It is the biggest diamond to be discovered in Botswana and the largest find in more than a century. The 603-carat Lesotho Promise diamond found there in 2006 sold for $12.4 million, the New York Times reported. "The gem, said to be in exceptional quality", is estimated to be worth as much as $40 million. [Full Article...]

Airbus could abandon A380 superjumbo amid lackluster sales

Airbus could abandon A380 superjumbo amid lackluster sales Passenger traffic is doubling every 15 years, he said, meaning that the original rationale for the model still holds. Boeing delivered 763 aircraft previous year, beating its own 2015 record by one. The A380 has a list price of $437 million (€535 million), and as of December it had booked 317 orders for the plane. In November Emirates postponed an order for 38 of the planes which can carry up to... [Full Article...]

MoneyGram trials Ripple's XRP digital currency

MoneyGram trials Ripple's XRP digital currency MoneyGram will pilot the use of XRP , the native digital asset of the XRP Ledger, in payment flows through xRapid , Ripple's solution for on-demand liquidity. Ripple's venture with MoneyGram comes several months after the company announced a partnership with American Express axp . Banks and payment providers can use the digital asset XRP to further reduce their costs and access new... [Full Article...]

GM Says Its Driverless Car Could Be in Fleets by Next Year

GM Says Its Driverless Car Could Be in Fleets by Next Year If the National Highway Traffic Safety Administration gives permission to the petition filed by General Motors , the company could manufacture as more as 2500 driver-less vehicles of this type every year. The steering wheel and pedals will be gone, giving total control to the machine. The new The new vehicle is based on the all-electric Chevy Bolt structure. [Full Article...]

Hundreds of cars destroyed in seven-storey Liverpool parking complex blaze

Hundreds of cars destroyed in seven-storey Liverpool parking complex blaze The popular horse show was cancelled because of the fire, which was brought under control early on Monday morning (Monday night NZ Time). "Merseyside Fire & Rescue Service was called at 4.42pm and crews were on the scene at 4.50pm. Wright said cars were "just popping every couple of seconds". The fire brigade have released photos that show the destructive results of a fire in a city centre aut... [Full Article...]

This Is What Meghan Markle's First Wedding Dress Looked Like

This Is What Meghan Markle's First Wedding Dress Looked Like In Touch Weekly is reporting that Grant blames the distance on Markle's mother - and her former stepmother - Doria Ragland. The trio all wore similar vibrant purple attire, which is the colour that has always been associated with royalty and, in the past, was only allowed to be worn by close members of the Royal Family , Harper's Bazaar reports. [Full Article...]

Services PMI rises to 50.9 in December

Services PMI rises to 50.9 in December Pacing gains on the latter was stock in Fiat Chrysler and Ubi Banca , with the former apparently boosted by the outlook for sales on the other side of the Pond thanks to recently approved tax cuts. Input costs remain elevated across a number of economies, partly reflecting higher raw material prices. In terms of job creation both sectors - manufacturing and services - outstripped historical ... [Full Article...]

New York City sues oil companies over climate change

New York City sues oil companies over climate change Democratic Mayor Bill de Blasio received immediate blowback from some of the companies, while winning praise from environmentalists and others. "It is a world upside down, but today we take a major step in turning it right side up". "Earth's mightiest city now in full-on fight with its richest, most irresponsible industry". In a blog post , ExxonMobil vice president of public and government... [Full Article...]

Brokenshire resigns from Cabinet for medical reasons

Brokenshire resigns from Cabinet for medical reasons In a letter resigning as Northern Ireland secretary for health reasons Mr Brokenshire said he believed that breaking the political impasse mattered "now more than ever". "While the operation is expected to address the issue and I will get back to work relatively quickly, recovering from surgery and regaining my strength will take several weeks". [Full Article...]

Magnitude 4.5 Earthquake Hits San Francisco Bay Area

Magnitude 4.5 Earthquake Hits San Francisco Bay Area A shallow event has a high probability to cause damage, though a much deeper event could be felt over more widespread area, he explained. You can report how the natural disaster felt to you to the USGS. It was felt widely across the Bay Area and woke everyone up. "If there isn't a large quake in the next couple of the days the odds go down". The last big natural disaster occurred in 1868 so we a... [Full Article...]

Tesla sinks after missing Model 3 deliveries by a mile (TSLA)

Tesla sinks after missing Model 3 deliveries by a mile (TSLA) Of the 2,425 Model 3 vehicles produced in the fourth quarter, 793 of them (or almost 33%) were made in the last seven working days of the quarter, according to Tesla. "As a result of the significant growth in our production rate, we made as many Model 3s since December 9 as we did in the more than four months of Model 3 production up to that point", the company said Wednesday. [Full Article...]

Android Fakeapp virus steals your information by mimicking the Uber app

Android Fakeapp virus steals your information by mimicking the Uber app Reported by a Quick Heal blog, the malware, called Android.banker.A2f8a, has the potential of stealing personal data, intercepting SMS which contain OTPs, stealing contacts, and has carried out nefarious activities with some banking apps. [Full Article...]

Weekend Open Forum: You win the lottery - what happens next?

Weekend Open Forum: You win the lottery - what happens next? The Powerball odds are about 1 in 292 million. "You would stop and pause and look", said Thompson. Once again, MLive will be providing live results of tonight's drawing and will update this story with the winning numbers as they come in. [Full Article...]

German factory growth hits record high in December: PMI

German factory growth hits record high in December: PMI But the overall reading still appeared relatively solid, and marked the 18th straight month that the sector has expanded. The nonmanufacturing index reading has remained above 54 in 2017 except in August. China is expected to have grown by close to 7 percent in 2017, but the world's second largest economy is likely to slow in the new year on the back of those measures, highlighted as policy prio... [Full Article...]

US Crude Oil Inventories Have Fallen ~10.6% in 2017

US Crude Oil Inventories Have Fallen ~10.6% in 2017 Brent crude futures-the worldwide benchmark-were also up, rising 45 cents or 0.7% to $66.61 a barrel, CNBC reported. Besides the weekly drawdown, the EIA also said that USA oil production dipped to 9.754 million barrels per day, down from 9.789 million bpd the previous week. [Full Article...]

Instagram will now add 'Recommended' posts to your feed

Instagram will now add 'Recommended' posts to your feed Instagram will begin to show users "recommended" posts from accounts that they don't follow in a bid to bolster engagement. If you want your followers to participate actively on your Instagram posts, start creating contests where you ask your followers to do a few easy steps to participate in the contest, that will not only make your profile famous, but you can also gain followers on Insta... [Full Article...]

SoftBank succeeds in tender offer for big stake in Uber

SoftBank succeeds in tender offer for big stake in Uber Sources say SoftBank will likely limit its acquisition to 15 percent at a $48 billion valuation. Employees and investors allegedly tendered shares representing 20% of the company. Uber board members agreed in early November to governance changes to pave the way for the SoftBank deal. Lucky for Uber, the company will still retain its title of " most valuable startup ", as second place goes to WeW... [Full Article...]

Kulbhushan Jadhav finally meets his family, India claims for Consular Access

Kulbhushan Jadhav finally meets his family, India claims for Consular Access The meeting was held at the FO in the federal capital under strict security. The neighbouring country has not let any stone unturned to promote hatred amongst the citizens of both countries by highlighting the negative side of Jadhav's meeting with his wife and mother. [Full Article...]

Website says Noles not eligible for bowl game

Website says Noles not eligible for bowl game Schools are allowed to count one FCS win towards its six-win minimum for bowl eligibility, but that FCS school reportedly must have a 90 percent scholarship threshold. According to the Orlando Sentinel , Independence Bowl officials are saying the show will go on, regardless of this new information. Since that did not happen with Delaware State, Florida State's countable record is actually 5-6 o... [Full Article...]

White Christmas possible in northern RI

White Christmas possible in northern RI And the National Weather Service warned that parts of western, central and northern NY could see up to 50 inches of lake-effect snow through Wednesday. According to the National Weather Service, many roads and surfaces are covered with snow, creating hazardous road conditions in some areas. The white Christmas on Monday, though scenic, could get "mixed reviews", she said. [Full Article...]


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