Venezuela postpones currency move after chaos, protests
By Corina Pons and Andrew Cawthorne | CARACAS CARACAS Venezuelan President Nicolas Maduro suspended on Saturday the elimination of the country's largest denomination bill, which had sparked cash shortages and nationwide unrest, saying the measure would be postponed until early January. The surprise pulling of the 100 bolivar note from circulation this week - before new larger bills were available - led to vast lines at banks, looting at scores of shops, anti-government protests and at lea..>> view originalRising Mortgage Rates Won't Necessarily Stop Housing Market
MoneyTips Experts have suggested that, although there are concerns over the rising rates for mortgages, a growing economy often leads to higher wages. This means that any gains in home loan costs could be counteracted by higher disposable income levels for Americans across the country. Mortgage rates have moved considerably over the past few weeks, gaining from 3.5 to around 4.25 percent, and the Federal Reserve just raised interest rates. Such an increase isn't necessarily bad for the housi..>> view originalSaudi Telecom Co. Buys Stake in Riding-Hailing App Careem
DUBAI, United Arab Emirates — The Saudi Telecom Co. has bought a 10-percent stake in the ride-hailing app Careem, which is a Mideast competitor of Uber.The largely state-owned communication firm announced Sunday in a stock exchange filing it bought the stake for $100 million.Saudi Telecom Co. said the purchase is "in line with the company strategy to invest in the innovative digital world."Dubai-based Careem, which began operations in July 2012, operates in 11 countries across the Mideast.Th..>> view originalAirports are more crowded, yet travelers' satisfaction ratings are soaring
The nation’s airports are bursting at the seams with travelers, and yet fliers are giving airports high satisfaction ratings.An annual survey by ratings company J.D. Powers reported this week that overall satisfaction levels for airports rose 6 points to 731 on a 1,000-point scale, compared to last year. The rankings are based on a survey of nearly 39,000 air travelers in North America. The improved attitude may sound odd, considering that airports are more crowded, having to serve about 6% mo..>> view originalChinese City Cancels Flights in 2nd Day of Smog Alert
BEIJING — A smog-shrouded Chinese city canceled airline flights Sunday due to poor visibility and parents took children to hospitals on the second day of a pollution alert across the country's north.The official Xinhua News Agency said 35 flights in Tianjin, east of Beijing, were delayed or canceled. Highways into the city of 7.5 million people were closed "due to extremely low visibility."Beijing and 22 other Chinese cities imposed emergency measures Saturday, including ordering cars off th..>> view originalChristmas tree tradition has intriguing roots
An attractive, beautifully decorated Christmas tree is one of the most beloved symbols of the holiday season.But the tradition of the Christmas tree can be traced back to ancient times, when superstitious people hung evergreen boughs over their doors and windows to keep evil (witches, elves, fairies and the like) and illness away. The Romans used evergreens to decorate their homes and temples as part of their celebration of the winter solstice; the festival of Saturnalia, the pagan feast of Sat..>> view originalThis car promises to be fully electric and drive itself. Will that be enough?
California-based Lucid Motors unveiled the Air, a luxury electric sedan poised to challenge Tesla. (Lucid Motors) California-based Lucid Motors officially unveiled its first high-end electric vehicle this week, a sleek, sunlit sedan called the Lucid Air that executives expect will roll off the assembly line starting late 2018. But as advancements in automotive innovation — autonomous driving, electric vehicle batteries and ride-sharing, among others — continue to progress at a rapid clip, it..>> view original
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