Money


Barclays digital banking services hit by 'technical problems' Barclays digital banking services hit by 'technical problems'
- September 22, 2018

A number of business customers have complained that they are now unable to organise tomorrow's payments for staff. Earlier, chief executive Ross McEwan said the bank feels customers' "pain" when problems arise with its systems - but he added that such incidents were becoming less frequent. (more...)
A partly-Iranian refiner cancels Iran oil imports ahead of US sanctions
- September 22, 2018

The other is the concern that tanker tracking data may become less reliable, as Iran may try to use some "unconventional" methods of keeping its oil sales on track, like switching off tracking devices on tankers-a "solution" that Tehran is said to have used in the previous round of sanctions in 2012-2015. (more...)
Tesla Model 3 puts in five-star crash test performance Tesla Model 3 puts in five-star crash test performance
- September 21, 2018

Even more impressive, Tesla's Model 3 earned 5 stars across every tested category, including frontal crash, side crash, and rollover. After the nonprofit declined to recommend Model 3 due to long braking distances, Tesla delivered a fix within the week . (more...)
Tesco reveals discount store Jack´s to take on Lidl and… Tesco reveals discount store Jack´s to take on Lidl and…
- September 21, 2018

Named after the Tesco founder, Jack Cohen, the first two Jack's stores will open on 20 September 2018 in Chatteris, Cambridgeshire and Immingham, Lincolnshire, with plans to launch 10-15 further Jack's-branded stores over the next six months. (more...)
Prices Up Over 1 Percent as OPEC Official Warns of Limited Supply Prices Up Over 1 Percent as OPEC Official Warns of Limited Supply
- September 21, 2018

Oil prices slipped on Tuesday morning in Asia as the USA vowed to impose 10% tariffs on a further $200 billion worth of Chinese goods on Monday, which rattled the markets. Oil prices rose on Monday as investors focused on the impact of US sanctions on Iran despite assurances by Washington that Saudi Arabia , Russia and the United States could together raise output fast enough to offset falling supplies. (more...)
Coca-Cola denies reports they are looking at making cannabis-based drinks Coca-Cola denies reports they are looking at making cannabis-based drinks
- September 21, 2018

Bloomberg reports that the Atlanta-based drinks giant is closely monitoring the growth of drinks infused with CBD - the non-psychoactive ingredient in marijuana that is used for medical purposes to ease everything from inflammation and cramping to epilepsy. (more...)
Jet Airways passengers bleed as crew ‘forget to maintain cabin pressure’ Jet Airways passengers bleed as crew ‘forget to maintain cabin pressure’
- September 21, 2018

According to reports, 30 out of 166 passengers experienced nose ear bleeding while some others complained of a headache. Five passengers were taken to hospital and doctors have said that some of them have barotrauma, which is bleeding of the nose and ear and majority have temporary mild deafness. (more...)
Amazon Said to Launch Up to 3000 AmazonGo Cashierless Stores by 2021 Amazon Said to Launch Up to 3000 AmazonGo Cashierless Stores by 2021
- September 20, 2018

Since then it has announced two additional sites in Seattle and one in Chicago, Bloomberg said. Why it matters: While Amazon has ruled the e-tailer business for the past few years, physical stores represent a considerable investment which Jeff Bezos is willing to undertake for longer-term profitability. (more...)
Audi launches electric SUV in Tesla's backyard, with help from Amazon Audi launches electric SUV in Tesla's backyard, with help from Amazon
- September 20, 2018

Technical "stuffing" - is about the same as our competitors, an electric crossover, Mercedes-Benz or Jaguar EQC I-Pace. All are meant to boost the market for premium electric vehicles and also to collect share of that market from Palo Alto, California-based Tesla , that has had the niche mostly to itself. (more...)
Jack Ma warns that trade war will drag on for decades
- September 20, 2018

The billionaire owner of China´s largest online shopping portal made the headline-grabbing promise to Donald Trump previous year, as Beijing courted the then-newly elected president. Mr Ma pointed to business opportunities in other regions such as Europe, South America, Russia and Africa, Xinhua said. Alibaba bought a Chinese microchip maker Hangzhou C-SKY Microsystems to help bolster its cloud-based "internet of things" (IoT) business. (more...)
Oops! Airline spells its own name wrong on side of plane Oops! Airline spells its own name wrong on side of plane
- September 20, 2018

The gaffe was spotted by a member of the Hong Kong Aviation Discussion Board , according to the airline, before it went viral. Either way, it made for some fun on social media. The error could be costly to fix, but in the meantime the internet enjoyed the mistake - and makes us realise we all probably need a copy editor in our lives. (more...)
Scare Over Needles in Strawberries Spreads Across Australia Scare Over Needles in Strawberries Spreads Across Australia
- September 19, 2018

The new criminal penalties are on par with child pornography and terror financing offences. It's not amusing. You're putting the livelihoods of hard-working Australians at risk and you're scaring children. Queensland premier Annastacia Palaszczuk said: "This is putting families' lives at risk and it's also putting the strawberry industry at risk". Three states have offered A$100,000 rewards for information, as police continue to investigate the cause of the sabotage. (more...)
Mcdonald's plans strike to raise awareness for sexual harassment Mcdonald's plans strike to raise awareness for sexual harassment
- September 19, 2018

The complaints are in line with similar allegations filed with the EEOC in 2016 , when hourly workers in eight states came forward to allege their hours had been cut and their complaints went ignored after they notified supervisors of various forms of harassment on the job. (more...)
China Retaliates for $200 Billion in US Tariffs China Retaliates for $200 Billion in US Tariffs
- September 19, 2018

The increases are in response to the US announcing it will impose tariffs on $200 billion worth of Chinese-made goods starting next week. Trump's comments came a day after he targeted another $200 billion in Chinese imports with tariffs starting next week, drawing an immediate vow of retaliation from Beijing . (more...)
Here Are The Best Burger Deals On National Cheeseburger Day 2018 Here Are The Best Burger Deals On National Cheeseburger Day 2018
- September 19, 2018

No reason in particular. Get them while supplies last. At Red Robin , when you order a cheeseburger on National Cheeseburger Day , you can get bottomless fries for just $5. Customers must mention the $1 cheeseburger deal on Tuesday when placing their orders - and it's available in-store only, not for online or phone orders. (more...)
EU's Barnier says talks on Brexit going ahead EU's Barnier says talks on Brexit going ahead
- September 18, 2018

In his pre-summit letter to European Union leaders, Tusk said the meeting will "reconfirm the need for a legally operational backstop on Ireland, so as to be sure that there will be no hard border in the future". Khan said Britain was now facing either a bad deal or a no-deal Brexit, both of which were "incredibly risky". That would mean only a small number of May's Conservative MPs need to rebel in order to bring down her blueprint - and plenty of hardcore Brexiteers are infuriated by it. (more...)
Saudi investment fund takes $1 billion stake in Lucid Motors Saudi investment fund takes $1 billion stake in Lucid Motors
- September 18, 2018

Lucid Motors, based in Newark, California, was founded in 2007. The Lucid Air , electric sedan is displayed during the New York International Auto Show at the Javits center in New York on April 13, 2017. "At Lucid, we will demonstrate the full potential of the electric connected vehicle in order to push the industry forward", said Mr Rawlinson. Like all high-end electric cars, the Lucid Air will be powerful, with 1,000 horsepower from its dual motors. (more...)
Kudlow: US Ready For China Trade Talks If Beijing Opens Up Economy
- September 18, 2018

China has said it's ready to impose retaliatory tariffs on US goods. Earlier, China vowed that it will not play defense in the escalating trade dispute, adding further fuel to tensions as a new list of items subject to tariffs, including technology and consumer goods, was anticipated from Washington . (more...)
Trump's decision on $200bn China tariffs expected 'soon' Trump's decision on $200bn China tariffs expected 'soon'
- September 18, 2018

The two-phase structure of the planned import tariff means that US consumers will only feel the effects of the change after the country's November midterm elections, strategists at UBS 's Chief Investment Office said in a note. American firms have previously warned they are anxious about the effect of higher costs, saying they could bring job cuts. Lou Jiwei, a former Chinese finance minister and now chairman of the National Council for Social Security Fund, said in a speech at the China ... (more...)
U.S. slaps tariffs on $200bn in China goods as trade war escalates
- September 18, 2018

But he lowered the proposed duty rates back to 10 percent after announcing last month that they should be increased to 25 percent. President Donald Trump made the announcement Monday in a move that is sure to ratchet up hostilities between Washington and Beijing. (more...)

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