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FOREX-Pound pauses for breath amid Brexit limbo, dollar steadies

49 mins ago NAMEX Comments Off on FOREX-Pound pauses for breath amid Brexit limbo, dollar steadies
HONG KONG (Reuters) – The British pound stabilised on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-U.S. trade headlines. FILE PHOTO: Pound and Dollar banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration Currency markets are also Read More

Goal of the season? Watch RB Leipzig’s Marcel Sabitzer scores swerving stunner against Zenit in UEFA Champions League

8 hours ago NAMEX Comments Off on Goal of the season? Watch RB Leipzig’s Marcel Sabitzer scores swerving stunner against Zenit in UEFA Champions League
Wednesday’s early UEFA Champions League kick-off served up an exciting clash in Germany as Austrian winger Marcel Sabitzer’s spectacular strike won the match for RB Leipzig against Zenit St. Petersburg. After a deep cross found its way to the far side of the penalty area, Sabitzer chested the ball down, let the ball drop, then Read More

Google unveils computer with ‘quantum supremacy’, rivals say wait a qubit

8 hours ago NAMEX Comments Off on Google unveils computer with ‘quantum supremacy’, rivals say wait a qubit
BERLIN (Reuters) – Alphabet Inc’s Google said on Wednesday it achieved a breakthrough in computing research by using a quantum computer to solve in minutes a complex problem that would take today’s most powerful supercomputer thousands of years to crack. Google researchers expect that quantum computers within a few years will fuel advancements in fields Read More

How will Amazon deliver in its second biggest market?

10 hours ago NAMEX Comments Off on How will Amazon deliver in its second biggest market?
MANNHEIM, Germany (Reuters) – Every half an hour, 50 vans sweep into Amazon’s distribution center in Mannheim, Germany and sweep out again with up to 200 parcels and a precise delivery plan in each. The tightly choreographed morning operation is designed to maximize speed and minimize costs, preconditions for the success of Amazon’s rapid expansion Read More

Caterpillar cuts profit outlook as China construction sales slump

11 hours ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More

German defense minister wants UN mandate for safe zone in Syria – sources

18 hours ago NAMEX Comments Off on German defense minister wants UN mandate for safe zone in Syria – sources
Germany’s defense minister has told lawmakers she wants to get the UN Security Council to approve a safe zone in northern Syria, Reuters cited a source as saying on Wednesday. Annegret Kramp-Karrenbauer said NATO partners had signaled readiness to discuss her proposal, which was made public on Monday, according to two sources. The minister, who Read More

Syrian Kurd sets himself on fire outside UN refugee agency in Geneva – reports

18 hours ago NAMEX Comments Off on Syrian Kurd sets himself on fire outside UN refugee agency in Geneva – reports
A man reportedly set himself on fire outside the UN Refugee Agency (UNHCR) headquarters in Geneva on Wednesday morning. The man was then transported by helicopter to a local hospital. “He is a Syrian Kurd, born in 1988 and a resident in Germany,” Geneva police spokesperson Silvain Guillaume-Gentil told reporters. The incident reportedly took place Read More

Angela Merkel says Germany has ‘utterly failed’ at building multicultural society

18 hours ago NAMEX Comments Off on Angela Merkel says Germany has ‘utterly failed’ at building multicultural society
Germany’s immigrants need to work harder to assimilate because the country’s attempts at building a “multikulti” society have “utterly failed,” Chancellor Angela Merkel said. “We kidded ourselves a while,” Merkel told younger members of the Christian Democratic Union (CDU) party earlier this month in Potsdam, the BBC reported. In the early 1960s, Germany’s government called Read More

HUD Secretary Ben Carson warns ‘political correctness’ will ‘DESTROY’ the US

1 day ago NAMEX Comments Off on HUD Secretary Ben Carson warns ‘political correctness’ will ‘DESTROY’ the US
Housing and Urban Development Secretary Ben Carson took aim at “political correctness” at a contentious committee hearing, warning the impulse to control speech and expression would “destroy” the country. During Tuesday’s House Financial Services hearing, Representative Jennifer Wexton (D-Virginia) raised previous comments Carson made about “big, hairy men,” widely interpreted to be directed at transgender Read More

Lockheed Martin profit climbs, expects lower cash flow in 2020; shares dip

1 day ago NAMEX Comments Off on Lockheed Martin profit climbs, expects lower cash flow in 2020; shares dip
(Reuters) – Lockheed Martin Corp (LMT.N) raised its estimate for 2019 earnings on Tuesday as quarterly profit climbed 9.2% amid improved sales of its F-35 fighter jets, but it forecast a lower cash flow for next year and shares dipped in afternoon trading. FILE PHOTO: Lockheed Martin’s logo is seen in Tokyo, Japan, October 12, Read More