Money
Britain wants Brexit talks to be more constructive - UK PM May's spokesman
- May 31, 2018
A group of major European companies has warned the Prime Minister they may cut investment without more clarity over the terms of Britain's EU exit. And the the plan, devised by the EU Council which represents the individual member states, has also dismayed Brexiteers who fear it raises the chance of Britain having to fork out large sums to the EU long into the future. (more...)
- May 31, 2018
A group of major European companies has warned the Prime Minister they may cut investment without more clarity over the terms of Britain's EU exit. And the the plan, devised by the EU Council which represents the individual member states, has also dismayed Brexiteers who fear it raises the chance of Britain having to fork out large sums to the EU long into the future. (more...)
Jeff Bezos Bullish on Building a Moon Colony
- May 31, 2018
Don't expect the grandchildren of Jeff Bezos and President Donald Trump to get along once Bezos' Moon settlement is fully functional. "Very few people - for a long time, anyway - are going to want to abandon Earth altogether". Bezos said he and his spaceflight company, Blue Origin , can help save the world like he saved " The Expanse " - not from cancellation, but from stagnation and decline. (more...)
- May 31, 2018
Don't expect the grandchildren of Jeff Bezos and President Donald Trump to get along once Bezos' Moon settlement is fully functional. "Very few people - for a long time, anyway - are going to want to abandon Earth altogether". Bezos said he and his spaceflight company, Blue Origin , can help save the world like he saved " The Expanse " - not from cancellation, but from stagnation and decline. (more...)
Canada stock hub for United States pot purveyors?
- May 31, 2018
Conflicting cannabis laws between the two countries have created an absurd state of affairs for both Canadian and American cannabis companies hoping to access capital markets: Canadian cannabis companies are listing on major USA stock exchanges, while American cannabis companies are heading to the Canadian Securities Exchange, finding themselves unwelcome in the U.S. (more...)
- May 31, 2018
Conflicting cannabis laws between the two countries have created an absurd state of affairs for both Canadian and American cannabis companies hoping to access capital markets: Canadian cannabis companies are listing on major USA stock exchanges, while American cannabis companies are heading to the Canadian Securities Exchange, finding themselves unwelcome in the U.S. (more...)
Fed mulls Obama-era Volcker Rule relief
- May 31, 2018
It is also challenging for banks to prove they are obeying the trading regulations. Wall Street's long campaign to chip away at the toughest trading restriction imposed on banks after financial crisis is finally paying off under President Donald Trump. (more...)
- May 31, 2018
It is also challenging for banks to prove they are obeying the trading regulations. Wall Street's long campaign to chip away at the toughest trading restriction imposed on banks after financial crisis is finally paying off under President Donald Trump. (more...)
Italy President appoints interim prime minister until fresh elections
- May 31, 2018
The country could be facing yet more elections within months. President Sergio Mattarella had summoned Cottarelli to his office after rejecting 81-year-old euroskeptic economist Paolo Savona for economy minister, because he had threatened to pull Italy out of the euro zone. (more...)
- May 31, 2018
The country could be facing yet more elections within months. President Sergio Mattarella had summoned Cottarelli to his office after rejecting 81-year-old euroskeptic economist Paolo Savona for economy minister, because he had threatened to pull Italy out of the euro zone. (more...)
Evan Spiegel: The sassy Snapchat chief who speaks his mind
- May 31, 2018
Spiegel described how, in light of the letter, Snap hired external consultants to help the company figure out areas in which to improve. Snap also ran a company-wide survey and changed its promotion structure, Spiegel said. What the company ended up with was major social media influencers like Kylie Jenner expressing disappointment with the app , directly contributing to a 7.2 percent drop in the company's share price and wiping about $1 billion off the company's market value. (more...)
- May 31, 2018
Spiegel described how, in light of the letter, Snap hired external consultants to help the company figure out areas in which to improve. Snap also ran a company-wide survey and changed its promotion structure, Spiegel said. What the company ended up with was major social media influencers like Kylie Jenner expressing disappointment with the app , directly contributing to a 7.2 percent drop in the company's share price and wiping about $1 billion off the company's market value. (more...)
Turkey and U.S. agree plan for YPG withdrawal from Syria's Manbij
- May 31, 2018
Embassy in Israel to contested Jerusalem and U.S. policy in Syria . Manbij is a potential flashpoint. Turkey has carried out two military incursions into northern Syria aimed partly at curbing the YPG's presence, and has repeatedly threatened to send troops to Manbij, where it says the group is also based. (more...)
- May 31, 2018
Embassy in Israel to contested Jerusalem and U.S. policy in Syria . Manbij is a potential flashpoint. Turkey has carried out two military incursions into northern Syria aimed partly at curbing the YPG's presence, and has repeatedly threatened to send troops to Manbij, where it says the group is also based. (more...)
Amnesty International documents armed attack on students in Nicaragua
- May 31, 2018
Riot police officers travel past a burning auto during clashes with the anti-government protesters in Managua, Nicaragua May 28, 2018. The alleged crimes have occurred amid the country's most significant protests since the end of a bitter civil war in 1990. (more...)
- May 31, 2018
Riot police officers travel past a burning auto during clashes with the anti-government protesters in Managua, Nicaragua May 28, 2018. The alleged crimes have occurred amid the country's most significant protests since the end of a bitter civil war in 1990. (more...)
Space tourism one step closer as Virgin Galactic completes second test flight
- May 31, 2018
The media company's rocket branch said: "Today VSS Unity completed her second powered test flight in less than two months". While this test is years behind schedule, it marks a significant step towards Branson's realization of flying customers to space. (more...)
- May 31, 2018
The media company's rocket branch said: "Today VSS Unity completed her second powered test flight in less than two months". While this test is years behind schedule, it marks a significant step towards Branson's realization of flying customers to space. (more...)
Fed Backs Easing Volcker Rule Restrictions on Big Banks' Trading
- May 31, 2018
USA regulators on Wednesday proposed simplifying a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account in order to make compliance easier for many firms. The rule, named after former Fed Chairman Paul Volcker, was meant to curb the kinds of risky, complex investments that helped trigger the 2007-2008 financial crisis. (more...)
- May 31, 2018
USA regulators on Wednesday proposed simplifying a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account in order to make compliance easier for many firms. The rule, named after former Fed Chairman Paul Volcker, was meant to curb the kinds of risky, complex investments that helped trigger the 2007-2008 financial crisis. (more...)
Tesla Model 3 earns Consumer Reports recommendation with brake update
- May 31, 2018
Consumer Reports is now recommending Tesla's Model 3 compact electric vehicle after a company software update improved its poor braking performance. Tesla Chief Executive Elon Musk went to Twitter after the Consumer Reports decision came out, and took CR's assessment to task by saying it had used an earlier production version of the Model 3 for its review. (more...)
- May 31, 2018
Consumer Reports is now recommending Tesla's Model 3 compact electric vehicle after a company software update improved its poor braking performance. Tesla Chief Executive Elon Musk went to Twitter after the Consumer Reports decision came out, and took CR's assessment to task by saying it had used an earlier production version of the Model 3 for its review. (more...)
Sen. Mark Warner says Trump's ZTE deal is a mistake
- May 31, 2018
Trump, while demanding China to reduce the $375 billion by $100 billion retaliated with Dollars 50 billion tariffs on Chinese products. U.S. Commerce Secretary Wilbur Ross is set to go to Beijing this week to negotiate on how China might buy more American goods to reduce the huge U.S. (more...)
- May 31, 2018
Trump, while demanding China to reduce the $375 billion by $100 billion retaliated with Dollars 50 billion tariffs on Chinese products. U.S. Commerce Secretary Wilbur Ross is set to go to Beijing this week to negotiate on how China might buy more American goods to reduce the huge U.S. (more...)
Sorrell's Comeback: Plans Unveiled For New Communication Services Business
- May 31, 2018
It is understood to refer to four generations of Sir Martin's family. The company will be renamed S4 Capital, a new entity established by Sir Martin for the objective of his return to the public market. The move is reminiscent of Sorrell's early days at WPP, starting with a shell of a company and turning it into a £16bn company throughout his 33-year tenure. (more...)
- May 31, 2018
It is understood to refer to four generations of Sir Martin's family. The company will be renamed S4 Capital, a new entity established by Sir Martin for the objective of his return to the public market. The move is reminiscent of Sorrell's early days at WPP, starting with a shell of a company and turning it into a £16bn company throughout his 33-year tenure. (more...)
CP Rail union reaches deal, ending strike
- May 30, 2018
Canadian Pacific had been winding down its railcar deliveries in recent days to prepare for the strike, which it said would bring its shipments to a halt. The strike began Tuesday night after months of talks failed to yield an agreement with CP's largest union. Chris Wattie / Reuters Prime Minister Justin Trudeau speaks during the Assembly of First Nations, Special Chiefs Assembly in Gatineau, Que., May 2, 2018. (more...)
- May 30, 2018
Canadian Pacific had been winding down its railcar deliveries in recent days to prepare for the strike, which it said would bring its shipments to a halt. The strike began Tuesday night after months of talks failed to yield an agreement with CP's largest union. Chris Wattie / Reuters Prime Minister Justin Trudeau speaks during the Assembly of First Nations, Special Chiefs Assembly in Gatineau, Que., May 2, 2018. (more...)
Hours and 45 Minutes: Longest Commercial Flight Returns to Service
- May 30, 2018
Lim Ching Kiat, Changi Airport Group's (CAG) managing director, (air hub development), said: "With the advent of ultra long range aircraft, non-stop long-haul routes are now more efficient and viable". The A350-900ULR has just rolled out of Airbus' Toulouse manufacturing plant and is undergoing flight tests. There are no first-class suites or economy class seats on board. (more...)
- May 30, 2018
Lim Ching Kiat, Changi Airport Group's (CAG) managing director, (air hub development), said: "With the advent of ultra long range aircraft, non-stop long-haul routes are now more efficient and viable". The A350-900ULR has just rolled out of Airbus' Toulouse manufacturing plant and is undergoing flight tests. There are no first-class suites or economy class seats on board. (more...)
BMW's new wireless charging pad turns electrified cars into cellphones
- May 30, 2018
It's a 3.2kW charger, capable of fully topping up the battery in less than four hours thanks to its (claimed) 85 per cent efficiency rating. The setup consists of a component called CarPad that attaches to the underside of the vehicle and a charging station called GroundPad that looks like a large door with a cord that plugs into a power outlet. (more...)
- May 30, 2018
It's a 3.2kW charger, capable of fully topping up the battery in less than four hours thanks to its (claimed) 85 per cent efficiency rating. The setup consists of a component called CarPad that attaches to the underside of the vehicle and a charging station called GroundPad that looks like a large door with a cord that plugs into a power outlet. (more...)
Microsoft tops Google’s market cap for the first time in 3 years
- May 30, 2018
Some Wall Street analysts believe Apple could become the first company to top $1 trillion in value this year. Nearly a year ago, we shared Morgan Stanley analyst Keith Weiss' prediction of a meteoric rise in Microsoft's stock price to $102 following its increasingly fortified position in the enterprise and cloud computing markets. (more...)
- May 30, 2018
Some Wall Street analysts believe Apple could become the first company to top $1 trillion in value this year. Nearly a year ago, we shared Morgan Stanley analyst Keith Weiss' prediction of a meteoric rise in Microsoft's stock price to $102 following its increasingly fortified position in the enterprise and cloud computing markets. (more...)
Carphone Warehouse to shut 92 stores as profits tumble
- May 30, 2018
Dixons Carphone joins Marks & Spencer ( MKS.L ), New Look, Mothercare ( MTC.L ), Carpetright ( CPRC.L ) and House of Fraser in shutting stores, although it said no jobs would be lost as staff would be redeployed to its other shops. In the United Kingdom, comparable revenue grew 2% and was up 1% in the fourth quarter. We won't tolerate our current performance in mobile, or as a group. (more...)
- May 30, 2018
Dixons Carphone joins Marks & Spencer ( MKS.L ), New Look, Mothercare ( MTC.L ), Carpetright ( CPRC.L ) and House of Fraser in shutting stores, although it said no jobs would be lost as staff would be redeployed to its other shops. In the United Kingdom, comparable revenue grew 2% and was up 1% in the fourth quarter. We won't tolerate our current performance in mobile, or as a group. (more...)
National Doughnut Day freebies and deals
- May 30, 2018
Fans will also receive coupons for buy-one, get-one free doughnuts redeemable until June 17. These shops are handing out free doughnuts, so get there in a hurry. No purchase necessary. Participating shops on Delmarva include the Salisbury, Maryland and New Castle, Delaware locations. Duck Donuts: Enjoy a FREE Classic Duck Donut on June 1, 2018 including cinnamon sugar, powdered sugar or bare. (more...)
- May 30, 2018
Fans will also receive coupons for buy-one, get-one free doughnuts redeemable until June 17. These shops are handing out free doughnuts, so get there in a hurry. No purchase necessary. Participating shops on Delmarva include the Salisbury, Maryland and New Castle, Delaware locations. Duck Donuts: Enjoy a FREE Classic Duck Donut on June 1, 2018 including cinnamon sugar, powdered sugar or bare. (more...)
Federal government will purchase Trans Mountain pipeline for $4.5B
- May 30, 2018
The pipeline connects oil sands facilities near Edmonton, Alberta, to tanks in Burnaby, near Vancouver on Canada's west coast. This isn't meant to be a long-term purchase. "Prime Minister Justin Trudeau is making a historic mistake in buying the doomed Kinder Morgan project", Adam Scott, senior adviser at Oil Change International (OCI), said in a statement denouncing Trudeau's decision, which comes just weeks after fierce opposition from Indigenous groups and environmentalists forced the ... (more...)
- May 30, 2018
The pipeline connects oil sands facilities near Edmonton, Alberta, to tanks in Burnaby, near Vancouver on Canada's west coast. This isn't meant to be a long-term purchase. "Prime Minister Justin Trudeau is making a historic mistake in buying the doomed Kinder Morgan project", Adam Scott, senior adviser at Oil Change International (OCI), said in a statement denouncing Trudeau's decision, which comes just weeks after fierce opposition from Indigenous groups and environmentalists forced the ... (more...)
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Annual core CPI in August rose to 2.4% vs. 2.3% expected