Norway's Olympic team's egg order goes sunny side up when 15,000 get delivered instead of 1500

Norway's Olympic team will be sending back thousands of eggs after a breakfast order went sunny side up.

The team thought it was ordering 1500 eggs from a Korean distributor for the Games but a translation mistake caused 15,000 to be delivered instead.

Speaking to Norwegian newspaper Aftenposten, chef Stale Johansen said his team "recieved half a truckload of eggs" and there was "no end to the delivery". 

The chef said they were able to return the 13,500 surplus. 

The team requested 1500 eggs, but instead, were delivered 15,000 in South Korea. Source: 1 NEWS

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Tsunami warning cancelled after 7.0 magnitude Papua New Guinea earthquake

A magnitude 7.0 earthquake has struck Papua New Guinea's New Britain Island today.

The quake, at a depth of 39.5km, was centred around 200km southwest of Rabul just before 10am NZT.

The Pacific Tsunami Warning Centre initially said hazardous waves were possible for coasts within 300km of the quake's epicentre, but now say the threat has passed.

There are no immediate reports of damage.

Earthquake.
(file picture). Source: 1 NEWS

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US stocks suffer worst loss in eight months as tech companies plunge

US stocks plunged to their worst loss in eight months today as technology companies continued to drop. The Dow Jones Industrial Average fell 831 points.

The losses were widespread, and stocks that have been the biggest winners on the market the last few years, including technology companies and retailers, suffered steep declines. Apple and Amazon both had their worst day in two and a half years.

The Nasdaq composite, which has a high concentration of technology companies, had its biggest loss in more than two years.

Alec Young, managing director of global markets research at FTSE Russell, said investors fear that rising interest rates and growing expenses are going to erode company profits next year.

"The tax cuts juiced earnings this year and that's not sustainable," he said. "The market's starting to say that the glass may be half empty."

The S&P 500 index sank 94.66 points, or 3.3 percent, to 2,785.68. The benchmark index fell for the fifth straight day, which hadn't happened since just before the 2016 presidential election.

The Nasdaq composite tumbled 315.97 points, or 4.1 percent, to 7,422.05. It's fallen 7.5 percent in just five days.

The Dow Jones Industrial Average gave up 831.83 points, or 3.1 percent, to 25,598.74. The Russell 2000 index of smaller-company stocks shed 46.45 points, or 2.9 percent, to 1,575.41.

After a long stretch of relative calm, the stock market has suffered sharp losses over the last week as bond yields surged. Stocks had come close to big drops in the last few days, but each time they recovered some of their losses. That didn't happen Wednesday as stocks fell further late in the day.

Apple gave up 4.6 percent to $US216.36 and Microsoft dropped 5.4 percent to $US106.16. Amazon skidded 6.2 percent to $US1,755.25.

Industrial and internet companies also fell hard. Boeing lost 4.7 percent to $US367.57 and Alphabet, Google's parent company, gave up 4.6 percent to $US1,092.16.

Insurance companies dropped as Hurricane Michael continued to gather strength and came ashore in Florida bringing winds of up to 155 miles an hour. Berkshire Hathaway dipped 4.7 percent to $213.10 and reinsurer Everest Re slid 5.1 percent to $US217.73.

Luxury retailers tumbled after LVMH, the parent of Louis Vuitton, said its sales growth in China slowed. Tiffany plunged 10.2 percent to $US110.38 and Ralph Lauren fell 8.4 percent to $US116.96.

The biggest driver for the market over the last week has been interest rates, which began spurting higher following several encouraging reports on the economy. Higher rates can slow economic growth, erode corporate profits and make investors less willing to pay high prices for stocks.

The 10-year Treasury yield remained at 3.20 percent, about where it was late Tuesday, after earlier touching 3.24 percent. It was at just 3.05 percent early last week and 2.82 percent in late August.

Technology and internet-based companies are known for their high profit margins, and many have reported explosive growth in recent years, with corresponding gains in their stock prices.

Gina Martin Adams, chief equity strategist for Bloomberg Intelligence, said the stocks have become more volatile in the last few months because investors have concerns about their future profitability.

"Amazon recently announced they were increasing wages, Facebook is spending a ton on security," she said. "Semiconductors have the most exposure to China out of segments in the S&P 500."

Sears Holdings nosedived after the Wall Street Journal reported that the struggling retailer hired an advisory firm to prepare a bankruptcy filing that could come within days. The stock fell 16.8 percent to 49 cents. It was more than $US40 five years ago.

Sears has closed hundreds of stores and sold several famous brands or put them on the block as it sees more customers abandon its stores.

Benchmark U.S. crude oil fell 2.4 percent to $US73.17 a barrel in New York. Brent crude, the international standard, lost 2.2 percent to $US83.09 a barrel in London.

Wholesale gasoline shed 2.7 percent to $US2.02 a gallon. Heating oil fell 1.2 percent to $US2.39 a gallon. Natural gas rose 0.6 percent to $US3.28 per 1,000 cubic feet.

Gold rose 0.2 percent to $US1,193.40 an ounce. Silver dipped 0.5 percent to $US14.33 an ounce. Copper fell 0.9 percent to $US2.78 a pound.

Japan's Nikkei 225 added 0.2 percent, South Korea's Kospi dropped 1.1 percent and the Hang Seng in Hong Kong gained 0.1 percent.
The CAC 40 in France dropped 2.1 percent, Germany's DAX lost 2.2 percent and the FTSE 100 in London fell 1.3 percent.

Stocks from emerging markets were also hard hit. Investors see many of these countries as being vulnerable to higher U.S. interest rates, which can pull away investment dollars. Brazil's Bovespa lost 2.5 percent and the Merval in Argentina sank 2.2 percent.

The dollar fell to 112.59 Japanese yen from 113.05 yen late Tuesday. The euro rose to $US1.1525 from $US1.1496. The British pound rose to $US1.3197 from $US1.3146.

FILE- This Jan. 4, 2018, file photo shows the interior of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Oct. 10. (AP Photo/Mark Lennihan, File)
The interior of the New York Stock Exchange. Source: Associated Press

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Britain's Supreme Court side with bakery who refused to bake same-sex marriage cake

Britain's Supreme Court have reversed a lower court ruling and ruled that a bakery owned by a Christian family didn't discriminate against a gay customer when it refused to make a cake bearing a slogan supporting same-sex marriage.

Ashers Baking Co. in Northern Ireland refused in 2014 to make a cake iced with the Sesame Street characters Bert and Ernie and the phrase "Support Gay Marriage." The owners argued they shouldn't be forced to put messages on their products at odds with their Christian beliefs. The court agreed.

"In a nutshell, the objection was to the message and not to any particular person or persons," Judge Brenda Hale wrote in the unanimous decision.

"It is deeply humiliating, and an affront to human dignity, to deny someone a service because of that person's race, gender, disability, sexual orientation or any of the other protected personal characteristics. But that is not what happened in this case."

The general manager of the bakery, Daniel McArthur, said he was relieved by the decision.

"I want to start by thanking God," he told reporters. "He has been with us during the challenges of the last four years."

The case was brought by the customer, gay rights activist Gareth Lee, and the Equality Commission for Northern Ireland. It received backing from the Rainbow Project, Northern Ireland's largest support organization for lesbian, gay, bisexual and transgender people.

The Rainbow Project expressed disappointment with the decision.

"We believe this is direct discrimination for which there can be no justification," director John O'Doherty said. "We will, however, take time to study this judgment by the Supreme Court to understand fully its implications for the rights of LGBT people to access goods, facilities and services without discrimination."

It wasn't immediately clear if the plaintiffs plan to appeal the ruling to the European Court of Human Rights.

The cake was ordered by a gay rights activist. Source: BBC


Watch: Foolhardy boatie videobombs Hurricane Michael live news broadcast

Despite Florida being battered by a Category-4 storm in Hurricane Michael, one eager boatie took the opportunity to hit the water this morning.

During the middle of MSNBC's live news cross to the affected areas, a dinghy could be seen sailing through the background of the shot, seemingly unaffected by the devastating weather conditions hammering the regions.

Georgia Governor Nathan Deal said the storm is "unlike any storm that we have had in anybody's memory", while FEMA Administrator Brock Long described Michael as "a hurricane of the worst kind".

Thousands of people along Florida's northern Gulf Coast have heeded warnings to evacuate, and many are cramming into high schools put to use as shelters.