Money
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...)
11 passengers aboard Lion Air flight injured in bomb hoax
- May 30, 2018
A video recording of the incident, which went viral on social media in Indonesia showed that panicked passengers jumping out through the emergency door as well from the plane's wings, causing them suffer injuries. "There has been a delayed flight departure, because there are passengers who forcibly opened the two emergency exit windows on the right, without the cabin crew instructions, " Lion Air spokesperson Danang Mandala Prihantoro told Detik News in a written statement on Monday. (more...)
- May 30, 2018
A video recording of the incident, which went viral on social media in Indonesia showed that panicked passengers jumping out through the emergency door as well from the plane's wings, causing them suffer injuries. "There has been a delayed flight departure, because there are passengers who forcibly opened the two emergency exit windows on the right, without the cabin crew instructions, " Lion Air spokesperson Danang Mandala Prihantoro told Detik News in a written statement on Monday. (more...)
World’s longest non-stop commercial flights launch in October
- May 30, 2018
The aircraft will travel a distance of approximately 16,700km, and will take about 18 hours and 45 minutes. Airlines including Singapore Airlines, Australia's Qantas Airways Ltd (QAN.AX) and US -based United Continental Holdings Inc (UAL.N) are adding ultra-long haul flights that can capture an airfare premium of around 20 percent versus flights involving one or more stops. (more...)
- May 30, 2018
The aircraft will travel a distance of approximately 16,700km, and will take about 18 hours and 45 minutes. Airlines including Singapore Airlines, Australia's Qantas Airways Ltd (QAN.AX) and US -based United Continental Holdings Inc (UAL.N) are adding ultra-long haul flights that can capture an airfare premium of around 20 percent versus flights involving one or more stops. (more...)
In historic U-turn, De Beers to sell lab-made diamonds
- May 30, 2018
Now the company has decided that if synthetics can't be beaten, it must join them - by announcing a new venture that will sell artificial diamond jewellery. De Beers had been an outspoken critic of synthetic diamonds. The company's Element Six unit is one of the world's leading producers of synthetic diamonds, which are mostly used for industrial purposes. (more...)
- May 30, 2018
Now the company has decided that if synthetics can't be beaten, it must join them - by announcing a new venture that will sell artificial diamond jewellery. De Beers had been an outspoken critic of synthetic diamonds. The company's Element Six unit is one of the world's leading producers of synthetic diamonds, which are mostly used for industrial purposes. (more...)
Italy may lose confidence of investors, says central bank
- May 30, 2018
The financial sector took a hard hit. Italy's political turmoil has stoked fears of instability in the euro bloc, causing stocks to fall in Asia on Wednesday after turbulent sessions in the United States and Europe . at the start of the week". -North Korean summit and the U.S. The reports indicate that planning for the summit, initially scheduled for June 12, is moving ahead. (more...)
- May 30, 2018
The financial sector took a hard hit. Italy's political turmoil has stoked fears of instability in the euro bloc, causing stocks to fall in Asia on Wednesday after turbulent sessions in the United States and Europe . at the start of the week". -North Korean summit and the U.S. The reports indicate that planning for the summit, initially scheduled for June 12, is moving ahead. (more...)
Sorrell set to take on WPP with rival firm
- May 30, 2018
Sky News is reporting that Sorrell himself will be investing £40m ($61.56) of his own money while investors will provide an addition £11m ($16.93) to become shareholders in Derriston Capital PLC . "I look forward to making this happen". According to Sky News, Sorrell will become the executive chairman of Derriston Capital PLC with the company agreeing to acquire Sorrell's newly established entity, S4 Capital. (more...)
- May 30, 2018
Sky News is reporting that Sorrell himself will be investing £40m ($61.56) of his own money while investors will provide an addition £11m ($16.93) to become shareholders in Derriston Capital PLC . "I look forward to making this happen". According to Sky News, Sorrell will become the executive chairman of Derriston Capital PLC with the company agreeing to acquire Sorrell's newly established entity, S4 Capital. (more...)
Asian Stocks Down, Following Global Concerns Over Italy's Political Turmoil
- May 30, 2018
At the close the UK's FTSE 100 fell nearly 1.3%, while Germany's Dax was down 1.5% and France's Cac 1.3% lower. On Tuesday, US treasury yields fell as money poured into assets considered safe - yields go down the more the bonds are in demand - while the yen, a go-to unit in times of turmoil, also rallied. (more...)
- May 30, 2018
At the close the UK's FTSE 100 fell nearly 1.3%, while Germany's Dax was down 1.5% and France's Cac 1.3% lower. On Tuesday, US treasury yields fell as money poured into assets considered safe - yields go down the more the bonds are in demand - while the yen, a go-to unit in times of turmoil, also rallied. (more...)
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Tesla Model S catches fire 'out of the blue'