Money


Sir Martin Sorrell takes the helm at Derriston Capital Sir Martin Sorrell takes the helm at Derriston Capital
- May 31, 2018

The announcement states that the company is "at present in preliminary discussions regarding a select number of potential acquisitions that would fit with the strategy of building a multi-national communication services business". Sorrell founded WPP , the world's biggest advertising agency, in 1988 through a reverse takeover of a packaging group then known as Wire and Plastic Products. (more...)
Singapore Airlines announces launch date for NY flights Singapore Airlines announces launch date for NY flights
- May 31, 2018

The airline will have 67 business class and 94 premium economy seats on the NY flight. Tickets for Singapore Airlines direct flight to NewYork are on sale from today. High fuel costs contributed to the demise of the service. " Singapore Airlines has always taken pride in pushing the boundaries", says the airline's CEO, Goh Choon Phong. (more...)
Oil prices dip on unexpected growth in United States crude stocks Oil prices dip on unexpected growth in United States crude stocks
- May 31, 2018

Traders also initially shrugged off an unexpected build in USA crude stockpiles. Saudi Arabia and Russian Federation have discussed raising the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC oil production by one million barrels per day (bpd) to counter potential supply shortfalls from Venezuela and Iran. (more...)
Treatment centre for cryptocurrency addicts opens in the Scottish Borders Treatment centre for cryptocurrency addicts opens in the Scottish Borders
- May 31, 2018

Another therapist at the hospital Tony Marini uses his experience with his previous addictions to gambling and cocaine to understand what the addicts are experiencing and using it as a way to reach to them. Niko da Costa Gomez, for instance, is a frequent cryptocurrency trader that has been making profits on his investments. Experts are seeing similar behavior in traditional gamblers and crypto addicts, with the latter monitoring the rise and fall of crypto value in a consistently ... (more...)
Poundland's Response To Thameslink's Tweet Was Brutal Poundland's Response To Thameslink's Tweet Was Brutal
- May 31, 2018

Poundland had the ideal response when train company Thameslink tweeted to apologise that their service was "more Poundland chocolate than Ferrero Rocher". The argument started when frustrated passenger Kevin tweeted a picture of a departure board showing delays and cancellations. GTR and Northern services have been plagued with disruption since it was introduced. (more...)
Lawsuit Claims Facebook Tricked Users Into Signing New Terms of Service Lawsuit Claims Facebook Tricked Users Into Signing New Terms of Service
- May 31, 2018

And we were able to go: "We've got some budget, we've got time to make sure that our GDPR project is successful, let's use this as a positive thing throughout the business and for all kinds of other reasons". So, who should be anxious about GDPR enforcement? David Hoffman, director of security policy and global privacy officer at Intel, said: "I think the data portability rights are pretty significant and are going to take a while for people to figure out what the bounds of them ... (more...)
Smoking passenger forces Southwest flight to make emergency landing in San Jose Smoking passenger forces Southwest flight to make emergency landing in San Jose
- May 31, 2018

The flight landed safely at 4:10 p.m. The woman, who sent several tweets to Southwest explaining the situation, said the passenger began his crude behavior shortly after takeoff and did not stop throughout the almost five-hour flight. The airline said it turned the alleged smoker to the authorities, according to the Mercury News. No one was injured and no flights were delayed at the airport because of the emergency. (more...)
(Update) Indian police file licence case against AirAsia boss Tony Fernandes (Update) Indian police file licence case against AirAsia boss Tony Fernandes
- May 31, 2018

The accused, according to the CBI, allgedly bribed government officials to secure global flying permit for AirAisa India at a time when 5/20 rule was in place. Rules governing the sector dictate that effective management control of aviation companies be vested with an Indian management. The FIR, a copy of which The Telegraph has seen, also said the AirAsia group of Malaysia exercised indirect control over AirAsia India that was formalised through a brand licensing agreement signed between ... (more...)
Residential real estate sees dramatic decline in potential foreign investment Residential real estate sees dramatic decline in potential foreign investment
- May 31, 2018

As seen in the chart below, that was well down on the 26,951 approvals, totalling $47.2 billion, granted in the 2015/16 financial year. These include approvals for new dwellings, vacant land and redevelopment of existing residential property that increases the housing stock. (more...)
Sydney valet parks Porsche under SUV Sydney valet parks Porsche under SUV
- May 31, 2018

Matthew Talbot, the hotel's director of sales and marketing, probably spoke for us all when he said it made an "interesting looking picture". "They had to cut part of the auto away and pull the staff member out". The valet, for his part, was given the rest of the day off. The hotel said it was investigating the incident. Wild photos show the Subaru practically mounting the absurdly expensive Porsche outside the Hyatt Regency Hotel on Sussex Street, with the bingle happening at ... (more...)
Amazon US Website Blocked In Australia Amazon US Website Blocked In Australia
- May 31, 2018

Until now, GST has applied only to most goods sold in Australia and imported goods worth over A$1,000, making relatively low-priced imported items cheaper than their equivalents in local stores. The retailer said it would compensate by opening a "global store" for Australians, adding an extra four million items previously available only on its American website. (more...)
How Amazon plans to block Australians from using popular feature
- May 31, 2018

As a result, Amazon said Australian shoppers wanting to use its global platforms will instead be directed to its smaller Australian site, which offers much less for sale. It is understood that Amazon baulked at the massive administrative burden of tracking Australian GST from all overseas transactions. Amazon is launching a global store accessible to Australian customers, where products from its retail site will be available. (more...)
Takata airbags recall in Australia adds 1M vehicles to list
- May 31, 2018

A voluntary recall of vehicles with affected Takata airbags began in 2013 but Consumer Affairs Minister Kris Faafoi launched a compulsory recall in April this year. The Alpha-type Takata airbags, an older model of the airbags, could deploy unexpectedly, spraying passengers with shrapnel. The additions are not yet under active recall, but they're advising owners to get in contact with their manufacturer to arrange down the track. (more...)
Trump to Hit EU With Metal Tariffs on Thursday
- May 31, 2018

An announcement from the White House could come as early as Thursday, the WSJ said. The U.S. Commerce Department and U.S. Trade Representative's Office did not immediately respond to requests for comment. Meanwhile, European Union Ambassador to the United States David O'Sullivan said earlier that the EU will likely respond with "counterbalancing" tariffs on USA products. (more...)
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...)
Jeff Bezos Bullish on Building a Moon Colony 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...)
Canada stock hub for United States pot purveyors? 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...)
Fed mulls Obama-era Volcker Rule relief 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...)
Italy President appoints interim prime minister until fresh elections 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...)
Evan Spiegel: The sassy Snapchat chief who speaks his mind 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...)

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