Money
Fed's Powell says central bankers facing a 'challenging moment'
- May 29, 2018
They say it allows them to make unpopular decisions in the economy's long-run best interest, such as raising rates to curb inflation even if it means slowing growth, as then-Fed Chairman Paul Volcker did in the early 1980s. Powell spoke at Sweden's Riksbank anniversary conference today about how the world's central banks need to focus on transparency and accountability as technology and communications rapidly advances. (more...)
- May 29, 2018
They say it allows them to make unpopular decisions in the economy's long-run best interest, such as raising rates to curb inflation even if it means slowing growth, as then-Fed Chairman Paul Volcker did in the early 1980s. Powell spoke at Sweden's Riksbank anniversary conference today about how the world's central banks need to focus on transparency and accountability as technology and communications rapidly advances. (more...)
Jeff Bezos talks about his plans to colonize the moon
- May 29, 2018
Bezos laid out his vision for lunar settlement during a fireside chat with Alan Boyle, which took place just after he received the National Space Society's Gerard K. That would remove the stress being put on the Earth by such plants and factories, leaving the planet free for residential and light industrial use. Bezos has a pragmatic view of why we'll need those lunar bases in the future. (more...)
- May 29, 2018
Bezos laid out his vision for lunar settlement during a fireside chat with Alan Boyle, which took place just after he received the National Space Society's Gerard K. That would remove the stress being put on the Earth by such plants and factories, leaving the planet free for residential and light industrial use. Bezos has a pragmatic view of why we'll need those lunar bases in the future. (more...)
Dixons Carphone warns on profit, to close stores
- May 29, 2018
The company blamed weak demand from mobile phones, noting that like-for-like sales were flat across the year and that gross margins continued to be challenged. The firm expects pre-tax profits to be £382m in its 2017/18 results out next month, but already predicts profits to fall to £300m in 2018/19. United Kingdom revenues were down one per cent, but Group revenues rose 3 per cent thanks to growth in Nordics and in Greece. (more...)
- May 29, 2018
The company blamed weak demand from mobile phones, noting that like-for-like sales were flat across the year and that gross margins continued to be challenged. The firm expects pre-tax profits to be £382m in its 2017/18 results out next month, but already predicts profits to fall to £300m in 2018/19. United Kingdom revenues were down one per cent, but Group revenues rose 3 per cent thanks to growth in Nordics and in Greece. (more...)
Pret A Manger sold to private equity firm JAB
- May 29, 2018
Pret A Manger , which sells sandwiches and salads made fresh daily in its stores, generates annual revenue of 879 million pounds, Bridgepoint said in the statement . About three quarters of Pret's 530 locations are in the United Kingdom, where it competes with Costa Coffee, the chain being spun off by Whitbread Plc, as well as Starbucks. (more...)
- May 29, 2018
Pret A Manger , which sells sandwiches and salads made fresh daily in its stores, generates annual revenue of 879 million pounds, Bridgepoint said in the statement . About three quarters of Pret's 530 locations are in the United Kingdom, where it competes with Costa Coffee, the chain being spun off by Whitbread Plc, as well as Starbucks. (more...)
Flights Delayed At Stansted Airport After Overnight Lightning Strikes — Travel Chaos
- May 29, 2018
There were cancellations and delays after a thunderstorm and lightning strikes overnight. More than 200 flights were delayed at Stansted. A spokeswoman said engineers had since restored the system but "flights may be diverted, delayed or cancelled". (more...)
- May 29, 2018
There were cancellations and delays after a thunderstorm and lightning strikes overnight. More than 200 flights were delayed at Stansted. A spokeswoman said engineers had since restored the system but "flights may be diverted, delayed or cancelled". (more...)
Oil prices fall as top three producers look to boost supplies
- May 29, 2018
Prices on Monday lost $1.14 to $75.30. Crude Oil WTI Futures for July delivery were trading at $66.17 a barrel at 11:00PM ET (03:00 GMT), down 2.52%. The output cuts helped revive the market at that time. "From now and until the [June] meeting, the ongoing commentary will continue to drive prices". (more...)
- May 29, 2018
Prices on Monday lost $1.14 to $75.30. Crude Oil WTI Futures for July delivery were trading at $66.17 a barrel at 11:00PM ET (03:00 GMT), down 2.52%. The output cuts helped revive the market at that time. "From now and until the [June] meeting, the ongoing commentary will continue to drive prices". (more...)
Crude oil prices, dollar rates causing fuel price hike: Dharmendra Pradhan
- May 29, 2018
The revisions continued till just before the general elections in 2004 when oil companies went slow and after a Congress-led UPA came to power the entire process was reviewed as the global oil prices started moving up. "This is the most plausible scenario under the current circumstances", the SBI report said. As petrol and diesel are left outside GST, their prices and quantum of increase vary from state to state depending upon local taxes. (more...)
- May 29, 2018
The revisions continued till just before the general elections in 2004 when oil companies went slow and after a Congress-led UPA came to power the entire process was reviewed as the global oil prices started moving up. "This is the most plausible scenario under the current circumstances", the SBI report said. As petrol and diesel are left outside GST, their prices and quantum of increase vary from state to state depending upon local taxes. (more...)
Thunderstorms deliver more than 60000 lightning strikes across UK
- May 29, 2018
This phenomenon can be see in the night from Saturday to Sunday in the South of Britain. Firefighters attended a blaze at a house in Stanway, Essex after a lightning bolt caused its roof to go on fire. "Oh boy! This utterly insane", he said . The Met Office weather warning for rain is in force until 06:00 on Monday and covers all of Wales as well as southern and central England. (more...)
- May 29, 2018
This phenomenon can be see in the night from Saturday to Sunday in the South of Britain. Firefighters attended a blaze at a house in Stanway, Essex after a lightning bolt caused its roof to go on fire. "Oh boy! This utterly insane", he said . The Met Office weather warning for rain is in force until 06:00 on Monday and covers all of Wales as well as southern and central England. (more...)
Two big Canadian banks report cyber attacks on customer accounts
- May 29, 2018
Bank of Montreal said some personal and financial information for a limited number of customers may have been stolen. Bank of Montreal ( BMO .TO) and Canadian Imperial Bank of Commerce (CM.TO) said on Monday that cyber attackers may have stolen the data of almost 90,000 customers in what appeared to be the first significant assault on financial institutions in the country. (more...)
- May 29, 2018
Bank of Montreal said some personal and financial information for a limited number of customers may have been stolen. Bank of Montreal ( BMO .TO) and Canadian Imperial Bank of Commerce (CM.TO) said on Monday that cyber attackers may have stolen the data of almost 90,000 customers in what appeared to be the first significant assault on financial institutions in the country. (more...)
FBI urges people to reboot their routers to thwart malware attack
- May 29, 2018
The U.S. Justice Department said the malware "could be used for a variety of malicious purposes, including intelligence gathering, theft of valuable information, destructive or disruptive attacks, and the misattribution of such activities". (more...)
- May 29, 2018
The U.S. Justice Department said the malware "could be used for a variety of malicious purposes, including intelligence gathering, theft of valuable information, destructive or disruptive attacks, and the misattribution of such activities". (more...)
Oil prices fall as supply from top three producers set to rise
- May 29, 2018
Saudi Arabia's signal to ease limits on Crude Oil production led to prices falling Friday after a 3-week rally, and OPEC cited an angry Tweet by President Donald Trump as the trigger. API, EIA, US oil rig count next of relevance later in the week . The global sulfur limit on fuel oil will be set at 0.50 percent m/m (mass/mass) in 2020, a significant cut from the 3.5 percent m/m global limit now in place. (more...)
- May 29, 2018
Saudi Arabia's signal to ease limits on Crude Oil production led to prices falling Friday after a 3-week rally, and OPEC cited an angry Tweet by President Donald Trump as the trigger. API, EIA, US oil rig count next of relevance later in the week . The global sulfur limit on fuel oil will be set at 0.50 percent m/m (mass/mass) in 2020, a significant cut from the 3.5 percent m/m global limit now in place. (more...)
Doug Ford accused of selling 'bogus' party memberships
- May 29, 2018
Ford says his party has been responsible about putting a dollar figure behind each campaign pledge. Doug Ford spoke to the media today in Tillsonburg and said that this happened close to two years ago, went through appeal process. "I heard from six old ladies, and I said ... 'How come you're here?' And they said, 'Doug came to my house and he fixed me up with my membership, '" recalled Eastwood. (more...)
- May 29, 2018
Ford says his party has been responsible about putting a dollar figure behind each campaign pledge. Doug Ford spoke to the media today in Tillsonburg and said that this happened close to two years ago, went through appeal process. "I heard from six old ladies, and I said ... 'How come you're here?' And they said, 'Doug came to my house and he fixed me up with my membership, '" recalled Eastwood. (more...)
Richard Branson getting ready to go into space
- May 28, 2018
The founder of Virgin Galactic Richard Branson said that undergoing training in the centrifuge and in the next few months plans to fly into space. "I think we're both neck and neck as to who will put people into space first". Sir Richard, 67, hopes to be one of those first space tourists. 'Ultimately we have to do it safely. (more...)
- May 28, 2018
The founder of Virgin Galactic Richard Branson said that undergoing training in the centrifuge and in the next few months plans to fly into space. "I think we're both neck and neck as to who will put people into space first". Sir Richard, 67, hopes to be one of those first space tourists. 'Ultimately we have to do it safely. (more...)
The Expanse Season 4 To Air On Amazon
- May 28, 2018
The Expanse has been officially revived by Amazon for a fourth season after being dropped by Syfy . When Syfy cancelled The Expanse on May 10 , fans flooded social media using the #SaveTheExpanse hashtag, pleading with Netflix and Amazon to help save the show . (more...)
- May 28, 2018
The Expanse has been officially revived by Amazon for a fourth season after being dropped by Syfy . When Syfy cancelled The Expanse on May 10 , fans flooded social media using the #SaveTheExpanse hashtag, pleading with Netflix and Amazon to help save the show . (more...)
Memorial Day Travel 2018: What to Expect, Tips to Be Prepared
- May 28, 2018
Right now, Georgia is averaging $2.85 a gallon. Wyoming, Minnesota and OH round out the top six. The Post also notes that Venezuela's oil production has significantly decreased amidst that country's political and economic crisis, hitting a three-decade low of 1.6 million barrels per day earlier this year. (more...)
- May 28, 2018
Right now, Georgia is averaging $2.85 a gallon. Wyoming, Minnesota and OH round out the top six. The Post also notes that Venezuela's oil production has significantly decreased amidst that country's political and economic crisis, hitting a three-decade low of 1.6 million barrels per day earlier this year. (more...)
Rally Unwinds As Russia, Saudis Aim To Increase Oil Output
- May 28, 2018
Oil producers are debating an increase ranging from 300,000 barrels a day at the low end, backed by Gulf producers including Saudi Arabia , and a larger increase of about 800,000 barrels a day favored by Russian Federation, one person said. (more...)
- May 28, 2018
Oil producers are debating an increase ranging from 300,000 barrels a day at the low end, backed by Gulf producers including Saudi Arabia , and a larger increase of about 800,000 barrels a day favored by Russian Federation, one person said. (more...)
National Australia Bank to Compensate Customers Hit by Outage
- May 28, 2018
BNZ customers could not access ATMs, eftpos or mobile banking yesterday. She denied the power outage was caused by some form of human error, though did not say what had caused a total power loss to the mainframe systems aside from it being a "systems error". (more...)
- May 28, 2018
BNZ customers could not access ATMs, eftpos or mobile banking yesterday. She denied the power outage was caused by some form of human error, though did not say what had caused a total power loss to the mainframe systems aside from it being a "systems error". (more...)
OPEC oil production cuts are history! Prices crash on Friday
- May 28, 2018
The ministers, along with their counterpart from the United Arab Emirates, discussed an output increase of about 1 million barrels per day (bpd), sources told Reuters. Global crude supplies have tightened sharply over the past year because of the OPEC-led cuts, which were boosted by a dramatic drop in Venezuelan production. (more...)
- May 28, 2018
The ministers, along with their counterpart from the United Arab Emirates, discussed an output increase of about 1 million barrels per day (bpd), sources told Reuters. Global crude supplies have tightened sharply over the past year because of the OPEC-led cuts, which were boosted by a dramatic drop in Venezuelan production. (more...)
Oral injuries lead to recall of Spam, other Hormel product
- May 28, 2018
The affected production codes of the SPAM Classic include: F020881, F020882, F020883, F020884, F020885, F020886, F020887, F020888 and F020889. Hormel, headquartered in Fremont, Neb., made a decision to recall the products after four customers reported finding the metal pieces and informed the USDA on Thursday. (more...)
- May 28, 2018
The affected production codes of the SPAM Classic include: F020881, F020882, F020883, F020884, F020885, F020886, F020887, F020888 and F020889. Hormel, headquartered in Fremont, Neb., made a decision to recall the products after four customers reported finding the metal pieces and informed the USDA on Thursday. (more...)
Unions reject CP Rail contract offers
- May 28, 2018
Some 3,000 conductors and engineers of rail represented by the Teamsters union rejected the last offer of employer for which they had been contained in a proportion of 98.1 %. In 2015, they ended a brief walkout and agreed to arbitration after the Harper government warned of back-to-work legislation. Three years earlier, federal back-to-work legislation was enacted to end a 10-day strike. (more...)
- May 28, 2018
Some 3,000 conductors and engineers of rail represented by the Teamsters union rejected the last offer of employer for which they had been contained in a proportion of 98.1 %. In 2015, they ended a brief walkout and agreed to arbitration after the Harper government warned of back-to-work legislation. Three years earlier, federal back-to-work legislation was enacted to end a 10-day strike. (more...)
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Wetherspoons to invest £25m in regional expansion by 2024