Economy

Appeals court strikes down FAA drone registration rule

Appeals court strikes down FAA drone registration rule

Hobbyists had a message for the Federal Aviation Administration: Leave my drone alone. "CTA's forecast also delineates USA drone sales for units below and above 250 grams, the FAA's division for mandatory drone registration: Drones below 250 grams are expected to reach 2 million units, and drones above 250 grams will sell 1.3 million units". Read More

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Indy 500 pole sitter Scott Dixon reportedly robbed at gunpoint

Franchitti, from Bathgate, West Lothian, who retired from racing in 2013, was robbed alongside his long-time teammate Scott Dixon in their auto at the restaurant. "You don't expect that to happen, especially here". Scott Dixon, of New Zealand, watches with his wife, Emma, the final attempt to knock him off the pole during qualifications for the Indianapolis 500 IndyCar auto race at Indianapolis Motor Speedway, Sunday, May 21, 2017, in Indianapolis. Read More

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Amazon plans checkout-free supermarkets in UK - RT Business

Amazon plans checkout-free supermarkets in UK - RT Business

An Amazon Go store in Seattle.Matt Weinberger/Business InsiderAmazon has trademarked the slogan "No Lines. No Checkout. (No Seriously.)" had been approved in the United Kingdom, after being filed on May 11 by Amazon. While the stores will reportedly only require six to ten employees, the store will apparently break down if there are more than 20 people inside and has issues with tracking products put back in the wrong place. Read More

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Trump willing to try engagement with N. Korea

Trump willing to try engagement with N. Korea "under right conditions"

However, North Korea does not seem willing to stop its missile launches, including nuclear ones. The North has carried out two atomic tests and dozens of missile launches since the beginning of previous year. "Kim Jong Un is not afraid to fail in public and every test he makes is a success because it takes North Korea one step closer to being able to deliver a nuclear-equipped missile anywhere in the world". Read More

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New Sotheby's Auction Record: Basquiat Painting Sells for $110.5 Million

New Sotheby's Auction Record: Basquiat Painting Sells for $110.5 Million

The painting called " Untitled " features a skull with crown motifs and influences from Basquiat's early street art days which incorporates graffiti with neo-expressionalism during the 80s where Basquiat was growing up in NY. Basquiat , a Brooklyn-born street artist, rose from the graffiti world to become a darling of pop-art producer Andy Warhol. Four other Basquiat pieces sold at the auction for a combined $20 million. Read More

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Appeals court set to hear arguments on Trump's revised travel ban

Appeals court set to hear arguments on Trump's revised travel ban

Judge Stephanie Thacker said the portion of Trump's order calling for a vetting review was in place for almost two months. That's when a federal judge stepped in and put the ban on hold. Judge Pamela Harris said Trump's action clearly had a disparate impact on Muslims, asking, "How is this neutral in its operation as to Muslims?" Wall said the president needs only a facially legitimate and bona fide reason for the order. Read More

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Liverpool heed Jürgen Klopp's urgings and sprint into Champions League

Liverpool heed Jürgen Klopp's urgings and sprint into Champions League

Just over five minutes before the break the travelling fans in the Anfield Road end felt emboldened enough to launch a chorus of "Champions League, you're having a laugh". Unlike most Premier League side, though, Arsenal's season is not over. On a day full of goals - 37 in the 10 matches - Tottenham led the way with a 7-1 thumping of hosts Hull City four days after winning 6-1 away to dethroned champions Leicester City. Read More

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Yemen cholera cases could hit 300000 within six months

Yemen cholera cases could hit 300000 within six months

Numerous victims are children, and experts say there could be as many as 300,000 cases within six months. The General Secretariat of the Organization of Islamic Cooperation calls upon the global community, the worldwide organizations and the civil society organizations to intensify their efforts in supporting the Republic of Yemen to contain the cholera epidemic, stop its spread and address the humanitarian and health situation, which has significantly deteriorated. Read More

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Djokovic announces Agassi will coach him at French Open

He's gonna stay only to a certain time , and then we'll see after that what's gonna happen", Djokovic said of Agassi. "I just have to congratulate ( Thiem ), because he was better than me this afternoon", Nadal said. "Then from Monday and Tuesday I will start to prepare for Roland Garros ". Novak Djokovic reacts during a match at the Australian Open in January. Read More

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Celtics seeking validation against Cavaliers in East finals

Celtics seeking validation against Cavaliers in East finals

Kelly Olynyk walked off the parquet floor with 97 ticks left on the clock Monday night to a resounding ovation after he had poured in a playoff career-high 26 points during Game 7, which included 14 during the fourth quarter. Monday's win won't go down in Celtics history like the Pierce-James duel, but it joins a long line of success that Boston has enjoyed in Game 7s. Read More

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Vunipola out of Lions tour

Vunipola out of Lions tour

Vunipola had been expected to be a Test starter on the gruelling tour and he will be hard to replace. New Zealand also have their own injury concerns with Kieran Read, Dane Coles and Ben Smith among key players who have spent time on the sidelines lately. Read More

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Oil Futures Bullish On Continued Production Cuts

Global oil markets are rebalancing as supply cuts by OPEC and its allies take effect, yet longer curbs are needed to drain excess inventories, according to the International Energy Agency. Crude oil prices moved below $50 per barrel in late April on signs the designed balance envisioned by production cuts was slow to materialize. Iraq's crude oil production hit an all-time high of 4.66 MMbpd in December 2016. Read More

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Why Donald Trump Touched a Glowing Orb in Saudi Arabia

US President Donald Trump today urged Muslim countries to deny sanctuary to extremists and called for global isolation of Iran, which he accused of fuelling "sectarian conflict and terror". It is the only country where they are not allowed to drive. An eerie-looking photo of President Trump and Middle Eastern leaders with their hands on a mysterious, glowing orb lit up social media Sunday, with users comparing the world leaders to super villains. Read More

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Trump's laptop ban on European flights is reportedly 'off the table'

Trump's laptop ban on European flights is reportedly 'off the table'

Officials from the U.S. Department of Homeland Security met last week with high-ranking executives of the three leading U.S. airlines - American, Delta and United - and the industry's leading U.S. There was an outcry in Europe when media reports started circulating that the U.S. was considering a ban on laptops, tablets and some phones in the cabin of all flights across the Atlantic over fears that it had intelligence that terrorists were considering concealing bombs in them. Read More

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Jury to hear closing arguments in Oklahoma officer's trial

Jury to hear closing arguments in Oklahoma officer's trial

Phil Stinson, a associate professor of criminal justice at Bowling Green State University said that was not surprised by Shelby's acquittal . Shelby shot Crutcher in September of 2016. "There was precise evidence that said she was guilty". Seconds after someone in the helicopter (perhaps the same individual) said, "I think he may have just been tasered", Shelby fired shots. Read More

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Woman awarded $100K in spilled Starbucks case

Woman awarded $100K in spilled Starbucks case

Mogavero won the suit in Duval County after a jury found the coffee chain negligent for the lid popping off their coffee cup and resulting in the hot beverage spilling in her lap , according to court records. She was also awarded $15,000 in medical costs. Starbucks told the court that even after receiving complaints regarding the loose cup lids, the company thinks "it would not be relevant" to caution customers about the possible risks. Read More

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Saudi expecting oil cuts to go on

Supported by oil prices and the statistics of the energy information Administration (EIA). Analysts at UBS estimate that USA producers can now make money as long as prices remain above $40 per barrel. The Economist Intelligence Unit estimates that U.S. crude production will rise by 2.8% by end of 2017. Opec initially agreed to trim its production by 1.2 million bpd and was later joined by 11 non-members, led by Russian Federation, to cull about 600,000 bpd from the oil market. Read More

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Reformists sweep Tehran municipal vote as Rouhani wins Iran

Reformists sweep Tehran municipal vote as Rouhani wins Iran

On Saturday night, Iranians poured into the streets by the hundreds of thousands to celebrate the re-election of President Hassan Rouhani, whose message of opening up to the West helped him to trounce a hard-line challenger. That resistance won't disappear in Rouhani's second term, regardless of US policy. "Not everyone who voted for Rouhani thought his record was excellent, but the majority decided his competitor would be even worse", said Tehran University political professor Foad Izadi. Read More

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Westpac Takes $260 Million Hit From New Bank Tax

Westpac Takes $260 Million Hit From New Bank Tax

The lender, which posted a $7.8 billion full-year profit in 2015/16, says the 0.06 per cent levy would apply to $615 billion of liabilities, with the cost on an annualised basis about $260 million after tax. Now only Westpac , Commonwealth Bank, ANZ, National Australia Bank and Macquarie Group will be targeted by the 0.06 percentage point charge on bank borrowings. Read More

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ED files money laundering case against Karti Chidambaram, others

ED files money laundering case against Karti Chidambaram, others

Karti had on Tuesday denied any wrongdoing. "I know how to handle this legally", he said and asked why the officials who raided his premises had "not come out openly about what was seized from my house and what evidences they had got". In the FIR, Karti is alleged to have got Rs 3.5 crore from INX media, now 9X media, for helping it in the clearance of a Foreign Investment Promotion Board (FIPB) proposal when his father was Finance Minister. Read More

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