Money
Disney Expected to Add Cash for Fox Assets, Counter Comcast Bid
- June 20, 2018
Fox, which now owns 39pc of Sky, would continue to pay the costs of the rolling news channel for 15 years, even if it also sells the rest of the company to Disney as part of a massive asset sale. Views on whether the proposals are sufficient to address media plurality and public interest concerns raised by the potential merger will be accepted until July 4 at 5pm. (more...)
- June 20, 2018
Fox, which now owns 39pc of Sky, would continue to pay the costs of the rolling news channel for 15 years, even if it also sells the rest of the company to Disney as part of a massive asset sale. Views on whether the proposals are sufficient to address media plurality and public interest concerns raised by the potential merger will be accepted until July 4 at 5pm. (more...)
McDonald’s Announces to Nix Paper Straws in the United Kingdom and Ireland
- June 20, 2018
McDonald’s said Friday, June 15, 2018 it will switch to paper straws at all its locations in the United Kingdom and Ireland, and test an alternative to plastic ones in some of its US restaurants later this year. Even before the national plastic ban, companies were moving to use more eco-friendly products, though the acquisition of these products was not necessarily sustainable. (more...)
- June 20, 2018
McDonald’s said Friday, June 15, 2018 it will switch to paper straws at all its locations in the United Kingdom and Ireland, and test an alternative to plastic ones in some of its US restaurants later this year. Even before the national plastic ban, companies were moving to use more eco-friendly products, though the acquisition of these products was not necessarily sustainable. (more...)
Trump promises more China tariffs
- June 19, 2018
By most accounts, Beijing has made a routine practice of stealing American intellectual property - as part of its broader "Made in China 2025" project, which aims to position China as a dominant force in the high-tech industries of the future. (more...)
- June 19, 2018
By most accounts, Beijing has made a routine practice of stealing American intellectual property - as part of its broader "Made in China 2025" project, which aims to position China as a dominant force in the high-tech industries of the future. (more...)
Controversial sign at Dunkin' Donuts shop causes Twitter uproar
- June 19, 2018
Twitter users seized the chance to condemn the instructions and Dunkin' Donuts. - hil.i.am (@hilaryluros) June 18, 2018 @ dunkindonuts WTF? Many tagged Dunkin' Donuts and called on the company to fire the current general manager of the store. (more...)
- June 19, 2018
Twitter users seized the chance to condemn the instructions and Dunkin' Donuts. - hil.i.am (@hilaryluros) June 18, 2018 @ dunkindonuts WTF? Many tagged Dunkin' Donuts and called on the company to fire the current general manager of the store. (more...)
Elon Musk says Tesla factory was sabotaged by disgruntled employee
- June 19, 2018
A Tesla spokesperson declined to comment when asked by Fox News if the matter has been referred to outside law enforcement. As you know, there are a long list of organizations that want Tesla to die. Tesla can ill afford manufacturing setbacks now. Tesla is now ramping up production to make its previously stated goal of 5,000 Model 3s per week by the end of June. (more...)
- June 19, 2018
A Tesla spokesperson declined to comment when asked by Fox News if the matter has been referred to outside law enforcement. As you know, there are a long list of organizations that want Tesla to die. Tesla can ill afford manufacturing setbacks now. Tesla is now ramping up production to make its previously stated goal of 5,000 Model 3s per week by the end of June. (more...)
China stocks face 'darkest hour' after fresh Trump tariff threat
- June 19, 2018
Slapping tariffs on $200 billion more in goods, in addition to the $34 billion already set, would likely mean that nearly all Chinese products would face some import tax-though this depends on whether or not the new tariffs are on goods already taxed. (more...)
- June 19, 2018
Slapping tariffs on $200 billion more in goods, in addition to the $34 billion already set, would likely mean that nearly all Chinese products would face some import tax-though this depends on whether or not the new tariffs are on goods already taxed. (more...)
Amazon Prime launches locally at a third of U.S. cost
- June 19, 2018
Its arrival builds on the Amazon Prime Video on-demand product that has been available since 2016. Amazon Australia's country manager Rocco Braeuniger noted the company was "thrilled" to introduce Prime six months after launching a local retail offering in Australia. (more...)
- June 19, 2018
Its arrival builds on the Amazon Prime Video on-demand product that has been available since 2016. Amazon Australia's country manager Rocco Braeuniger noted the company was "thrilled" to introduce Prime six months after launching a local retail offering in Australia. (more...)
Millennials said to be worst tippers
- June 19, 2018
The study also showed 27 percent of millennials think restaurants should charge more and eliminate tipping altogether, possibly because of more worldwide travel. Waiters and waitresses serving younger adults beware: you may not receive a big tip - or, in some cases, any at all. Men, southerners, westerners, parents with young children, lower earners and the less educated said they tip less in restaurants than the overall median of 18 per cent, according to the study. (more...)
- June 19, 2018
The study also showed 27 percent of millennials think restaurants should charge more and eliminate tipping altogether, possibly because of more worldwide travel. Waiters and waitresses serving younger adults beware: you may not receive a big tip - or, in some cases, any at all. Men, southerners, westerners, parents with young children, lower earners and the less educated said they tip less in restaurants than the overall median of 18 per cent, according to the study. (more...)
China says will 'fight back firmly' if U.S. publishes additional tariffs
- June 19, 2018
Trump's latest salvo in a brewing trade war would mean a sizable amount of Chinese goods shipped to the US would be exposed to tariff threats and raises new questions about the impact on American consumers. Another 114 product categories, including chemicals, medical equipment and energy industry products, will be " announced later ", the Chinese state news agency Xinhua reported. (more...)
- June 19, 2018
Trump's latest salvo in a brewing trade war would mean a sizable amount of Chinese goods shipped to the US would be exposed to tariff threats and raises new questions about the impact on American consumers. Another 114 product categories, including chemicals, medical equipment and energy industry products, will be " announced later ", the Chinese state news agency Xinhua reported. (more...)
Chanda Kochhar 'to go on leave', Bakhshi new COO: ICICI Bank
- June 19, 2018
He will take charge on June 19. Bakhshi has been the Managing Director & CEO, of ICICI Prudential Life Insurance Company, since August 01, 2010. All Executive Directors on the Board of ICICI Bank and the executive management will report to him. (more...)
- June 19, 2018
He will take charge on June 19. Bakhshi has been the Managing Director & CEO, of ICICI Prudential Life Insurance Company, since August 01, 2010. All Executive Directors on the Board of ICICI Bank and the executive management will report to him. (more...)
Who and what are behind Germany's government crisis?
- June 19, 2018
In an editorial for German newspaper Frankfurter Allgemeine Zeitung (FAZ), Seehofer said he hoped the European Union summit later this month would "finally reach agreements acknowledging Germany's [refugee] burden, ensure the effective protection of the EU's external borders, the fair distribution of people with the right to stay and the rapid deportation of those without". (more...)
- June 19, 2018
In an editorial for German newspaper Frankfurter Allgemeine Zeitung (FAZ), Seehofer said he hoped the European Union summit later this month would "finally reach agreements acknowledging Germany's [refugee] burden, ensure the effective protection of the EU's external borders, the fair distribution of people with the right to stay and the rapid deportation of those without". (more...)
China tariff threat could be a boon for Gulf oil exports
- June 19, 2018
He said the move was in retaliation for China's decision to raise tariffs on $50 billion in US goods. "The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the U.S., but of the world", the ministry said. (more...)
- June 19, 2018
He said the move was in retaliation for China's decision to raise tariffs on $50 billion in US goods. "The United States has initiated a trade war and violated market regulations, and is harming the interests of not just the people of China and the U.S., but of the world", the ministry said. (more...)
Tesla’s Musk accuses employee of ‘extensive and damaging sabotage’ to company’s operations
- June 19, 2018
He said Tesla will continue its investigation this week to determine if the employee was acting alone or "if he was working with any outside organizations". ( TSLA ) gears up to produce 5,000 Model 3 cars a week by the end of June, its founder and CEO, Elon Musk, is on a mission to prove the skeptics wrong. (more...)
- June 19, 2018
He said Tesla will continue its investigation this week to determine if the employee was acting alone or "if he was working with any outside organizations". ( TSLA ) gears up to produce 5,000 Model 3 cars a week by the end of June, its founder and CEO, Elon Musk, is on a mission to prove the skeptics wrong. (more...)
Trump to nominate OMB official to lead consumer watchdog | AP business
- June 19, 2018
The post is now held by interim director Mick Mulvaney , who also leads the Office of Management and Budget, where Kraninger is an associate director. President Donald Trump tapped Mulvaney to oversee the consumer bureau late past year, giving the brash former SC lawmaker a mandate to dismantle the agency, which was created in the wake of the financial crisis to help protect consumers against financial company abuse. (more...)
- June 19, 2018
The post is now held by interim director Mick Mulvaney , who also leads the Office of Management and Budget, where Kraninger is an associate director. President Donald Trump tapped Mulvaney to oversee the consumer bureau late past year, giving the brash former SC lawmaker a mandate to dismantle the agency, which was created in the wake of the financial crisis to help protect consumers against financial company abuse. (more...)
Tesla Model S catches fire 'out of the blue'
- June 18, 2018
As per a report by The Guardian, Mary McCormack, the wife of producer and director Michael Morris also confirmed that the vehicle was not running on autopilot at the time and it was a normal Tesla. "Our initial investigation shows that the cabin of the vehicle was totally unaffected by the fire due to our battery architecture, which is created to protect the cabin in the very rare event that a battery fire occurs". (more...)
- June 18, 2018
As per a report by The Guardian, Mary McCormack, the wife of producer and director Michael Morris also confirmed that the vehicle was not running on autopilot at the time and it was a normal Tesla. "Our initial investigation shows that the cabin of the vehicle was totally unaffected by the fire due to our battery architecture, which is created to protect the cabin in the very rare event that a battery fire occurs". (more...)
Google announces strategic partnership with Chinese online retailer JD.com
- June 18, 2018
JD will start selling products on Google Shopping, helping it reach consumers in the USA and Europe as it seeks to diversify beyond China's highly competitive e-commerce market. JD.com's USA -listed shares rose 2.5 per cent to $44.68 in morning trading on the Nasdaq. "The announcement isn't focused on China", JD.com spokesman Josh Gartner confirmed to AFP. (more...)
- June 18, 2018
JD will start selling products on Google Shopping, helping it reach consumers in the USA and Europe as it seeks to diversify beyond China's highly competitive e-commerce market. JD.com's USA -listed shares rose 2.5 per cent to $44.68 in morning trading on the Nasdaq. "The announcement isn't focused on China", JD.com spokesman Josh Gartner confirmed to AFP. (more...)
American Airlines canceling more flights out of Charlotte following another 'technical issue'
- June 18, 2018
American Airlines confirmed it was experiencing another technical issue with PSA, but had yet to elaborate on what that means. Flights have been canceled until Monday at noon. Customers stuck in Charltote were provided with hotel vouchers and Charlotte residents were reimbursed for their canceled flights. Flight Aware, a website that tracks the status of flights across the country, reported a ground stop for all flights coming into Charlotte until 3 p.m. (more...)
- June 18, 2018
American Airlines confirmed it was experiencing another technical issue with PSA, but had yet to elaborate on what that means. Flights have been canceled until Monday at noon. Customers stuck in Charltote were provided with hotel vouchers and Charlotte residents were reimbursed for their canceled flights. Flight Aware, a website that tracks the status of flights across the country, reported a ground stop for all flights coming into Charlotte until 3 p.m. (more...)
Virgin Money bought by CYBG for £1.7bn
- June 18, 2018
Under the terms of the agreement, each Virgin Money share - valued at around 371p - will be exchanged for 1.2125 shares in the new combined group. Virgin Money shares rose more than 2 percent before paring their gains to trade little changed at 355p by 0810 GMT. (more...)
- June 18, 2018
Under the terms of the agreement, each Virgin Money share - valued at around 371p - will be exchanged for 1.2125 shares in the new combined group. Virgin Money shares rose more than 2 percent before paring their gains to trade little changed at 355p by 0810 GMT. (more...)
Audi CEO arrested in Germany over diesel scandal
- June 18, 2018
Munich prosecutors searched Stadler's private residence last week in their investigation of suspected fraud and indirect improprieties with documents. "The suspect has been seen by a judge, who has ordered him to be remanded in custody". The auto manufacturer pleaded guilty to criminal charges in the United States and nine managers, including former CEO Martin Winterkorn, were charged. (more...)
- June 18, 2018
Munich prosecutors searched Stadler's private residence last week in their investigation of suspected fraud and indirect improprieties with documents. "The suspect has been seen by a judge, who has ordered him to be remanded in custody". The auto manufacturer pleaded guilty to criminal charges in the United States and nine managers, including former CEO Martin Winterkorn, were charged. (more...)
Audi CEO detained in diesel emissions case
- June 18, 2018
Munich prosecutors searched Stadler's private residence last week in their investigation of suspected fraud and indirect improprieties with documents. Former VW chief executive Martin Winterkorn stepped down soon after the scandal broke in September 2015, while successor Matthias Mueller was hastily replaced earlier this year. (more...)
- June 18, 2018
Munich prosecutors searched Stadler's private residence last week in their investigation of suspected fraud and indirect improprieties with documents. Former VW chief executive Martin Winterkorn stepped down soon after the scandal broke in September 2015, while successor Matthias Mueller was hastily replaced earlier this year. (more...)
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Trade deficit narrowed in May as exports rose and imports fell again