Money
Freedom gas: U.S
- June 01, 2019
Energy Secretary Rick Perry was touting " freedom gas " earlier this month in Brussels. A reporter at the order signing jokingly asked whether the LNG shipments should be called " freedom gas ", and Perry said , "I think you may be correct in your observation". (more...)
- June 01, 2019
Energy Secretary Rick Perry was touting " freedom gas " earlier this month in Brussels. A reporter at the order signing jokingly asked whether the LNG shipments should be called " freedom gas ", and Perry said , "I think you may be correct in your observation". (more...)
Minimum wage workers to receive 3pc pay rise
- June 01, 2019
The Commission has rejected the ACTU's push for a "living wage". "We have chose to award a lower increase this year than that awarded last year", commission president Justice Iain Ross said. The Living Wage Foundation argues that businesses paying the living wage benefit from more productive and motivated workers. But employer groups were disappointed with the latest decision with the Australian Chamber of Commerce and Industry saying the "above inflation" increase puts jobs at risk and ... (more...)
- June 01, 2019
The Commission has rejected the ACTU's push for a "living wage". "We have chose to award a lower increase this year than that awarded last year", commission president Justice Iain Ross said. The Living Wage Foundation argues that businesses paying the living wage benefit from more productive and motivated workers. But employer groups were disappointed with the latest decision with the Australian Chamber of Commerce and Industry saying the "above inflation" increase puts jobs at risk and ... (more...)
Quarter economic growth up 3.1%, better than Wall Street expected
- June 01, 2019
The agency had earlier estimated first-quarter growth at a 3.2% annual rate. The adjustments are regularly made for seasonality and inflation . The 3.1-percent annual growth rate in the first quarter indicated an acceleration of economic expansion, considering the annual rate of 2.2 percent in the fourth quarter of 2018. (more...)
- June 01, 2019
The agency had earlier estimated first-quarter growth at a 3.2% annual rate. The adjustments are regularly made for seasonality and inflation . The 3.1-percent annual growth rate in the first quarter indicated an acceleration of economic expansion, considering the annual rate of 2.2 percent in the fourth quarter of 2018. (more...)
Microsoft announces London flagship store opening date
- June 01, 2019
The newest flagship Microsoft Store in London joins world-class Microsoft Store locations including flagships in NY and Sydney and stores across Canada, US, and Puerto Rico, and online stores in more than 190 countries. Microsoft will be opening a flagship in London this July . While this is the first European Flagship Microsoft Store, the company already opened one in Sydney, as well as New York City. (more...)
- June 01, 2019
The newest flagship Microsoft Store in London joins world-class Microsoft Store locations including flagships in NY and Sydney and stores across Canada, US, and Puerto Rico, and online stores in more than 190 countries. Microsoft will be opening a flagship in London this July . While this is the first European Flagship Microsoft Store, the company already opened one in Sydney, as well as New York City. (more...)
‘Unfortunate’, says India after Donald Trump ends preferential trade status
- June 01, 2019
A day after President Donald Trump said the U.S. would not back down on ending preferential trade treatment to India, the Ministry of Commerce Saturday said India had offered several resolutions, which, however, "didn't find any acceptance by the US". (more...)
- June 01, 2019
A day after President Donald Trump said the U.S. would not back down on ending preferential trade treatment to India, the Ministry of Commerce Saturday said India had offered several resolutions, which, however, "didn't find any acceptance by the US". (more...)
Brent oil price continue to fall
- June 01, 2019
However, the trade impasse between the world's two largest oil consumers, the U.S. and China, continue to worry investors that global oil demand will be weak this year, which is subsequently putting a downward pressure on prices. "The possibility that tariffs could now be placed on crude arrivals from Mexico at the same time that rising Chinese tariffs are threatening to slow world oil demand growth has pushed nearby WTI to below our expected support at the $56 mark", Jim Ritterbusch, ... (more...)
- June 01, 2019
However, the trade impasse between the world's two largest oil consumers, the U.S. and China, continue to worry investors that global oil demand will be weak this year, which is subsequently putting a downward pressure on prices. "The possibility that tariffs could now be placed on crude arrivals from Mexico at the same time that rising Chinese tariffs are threatening to slow world oil demand growth has pushed nearby WTI to below our expected support at the $56 mark", Jim Ritterbusch, ... (more...)
IKEA Recreates Rooms in 'Simpsons', 'Friends', 'Stranger Things' With Its Furniture
- June 01, 2019
The Scandinavian furniture store, which now has a branch in Exeter, has cheekily created its homages to Homer and co as part of its Real Life Rooms campaign, which features a "room for families", a "room for mates" and a "room for everyone". (more...)
- June 01, 2019
The Scandinavian furniture store, which now has a branch in Exeter, has cheekily created its homages to Homer and co as part of its Real Life Rooms campaign, which features a "room for families", a "room for mates" and a "room for everyone". (more...)
After A Turbulent IPO, Uber’s Losses Cross $1 Bn In Q1 2019
- May 31, 2019
The tech firm has spent heavily to attract users to its platform as rival Lyft, which also recently went public, has battled for market share. Gross bookings, a measure of total value of rides before driver costs and other expenses, rose 34 per cent from a year ago to US$14.6 billion. (more...)
- May 31, 2019
The tech firm has spent heavily to attract users to its platform as rival Lyft, which also recently went public, has battled for market share. Gross bookings, a measure of total value of rides before driver costs and other expenses, rose 34 per cent from a year ago to US$14.6 billion. (more...)
Mobile, Sprint considering divesting wireless spectrum
- May 31, 2019
Reuters sources say that Amazon is mainly attracted to the attached wholesale deal that would let Boost's new owner use the T-Mobile network for at least six years. It is now one of the Big Four technology companies along with Alphabet Inc, Apple Inc and Facebook Inc, and is a leading cloud services provider. The carriers are also considering divesting wireless spectrum, or airwaves that carry data, in order to push the merger through. (more...)
- May 31, 2019
Reuters sources say that Amazon is mainly attracted to the attached wholesale deal that would let Boost's new owner use the T-Mobile network for at least six years. It is now one of the Big Four technology companies along with Alphabet Inc, Apple Inc and Facebook Inc, and is a leading cloud services provider. The carriers are also considering divesting wireless spectrum, or airwaves that carry data, in order to push the merger through. (more...)
Family Dollar Stores To Begin Selling Alcohol
- May 31, 2019
Bargain shoppers might be upset with Dollar Tree's next move. Discount retailer Family Dollar will add booze to boost sales. - Approximately 1,000 Dollar Tree stores throughout the USA will start selling alcohol, the company announced Thursday. (more...)
- May 31, 2019
Bargain shoppers might be upset with Dollar Tree's next move. Discount retailer Family Dollar will add booze to boost sales. - Approximately 1,000 Dollar Tree stores throughout the USA will start selling alcohol, the company announced Thursday. (more...)
Trump announces escalating tariffs on Mexico over migrant surge
- May 31, 2019
In a surprise announcement that could compromise a major trade deal, Donald Trump announced Thursday that he is slapping a 5% tariff on all Mexican imports to pressure the country to do more to crack down on the surge of Central American migrants trying to cross the border. (more...)
- May 31, 2019
In a surprise announcement that could compromise a major trade deal, Donald Trump announced Thursday that he is slapping a 5% tariff on all Mexican imports to pressure the country to do more to crack down on the surge of Central American migrants trying to cross the border. (more...)
Uber announces ban on passengers who receive low ratings from drivers
- May 30, 2019
If a rider loses access to the ride-sharing services, they will receive tips on how to improve their ratings. Drivers have always been expected to meet certain minimum ratings to continue working on the platform, Kate Parker, Uber's Head of Safety Brand and Initiatives, explained in a blog post . (more...)
- May 30, 2019
If a rider loses access to the ride-sharing services, they will receive tips on how to improve their ratings. Drivers have always been expected to meet certain minimum ratings to continue working on the platform, Kate Parker, Uber's Head of Safety Brand and Initiatives, explained in a blog post . (more...)
'No gun, no smoke': Huawei steps legal fight against U.S. ban
- May 30, 2019
The objective of the motion which was filed at a United States district court in Texas is to have the court to declare the act as unconstitutional. The firm also faces a broader US executive order preventing the use of its equipment in the United States as well as the more damaging inclusion this month on an " entity list " that cuts it off from critical American-made components for its products, though a 90-day reprieve was issued. (more...)
- May 30, 2019
The objective of the motion which was filed at a United States district court in Texas is to have the court to declare the act as unconstitutional. The firm also faces a broader US executive order preventing the use of its equipment in the United States as well as the more damaging inclusion this month on an " entity list " that cuts it off from critical American-made components for its products, though a 90-day reprieve was issued. (more...)
China’s Latest Trade Threat Reignites Concerns Over US Mineral Dependency
- May 30, 2019
Scott Kennedy, director of the project on the Chinese economy at the Center for Strategic and International Studies, said the Chinese might benefit even less if they try to weaponise rare earths again. The move backfired after the country banned the export of rare earths to Japan in 2010. It ultimately scrapped its export quota system after losing the case. (more...)
- May 30, 2019
Scott Kennedy, director of the project on the Chinese economy at the Center for Strategic and International Studies, said the Chinese might benefit even less if they try to weaponise rare earths again. The move backfired after the country banned the export of rare earths to Japan in 2010. It ultimately scrapped its export quota system after losing the case. (more...)
Alibaba said to mull raising $20b via second listing in HK
- May 29, 2019
Previous year the Hong Kong exchange modified those rules to allow some Chinese companies already listed elsewhere to hold secondary offerings in the city even if their voting rights structures do not match local standards. Bloomberg intelligence calls the second listing as more of a homecoming than a quest for liquidity boosting. It has a market capitalization of $400 billion as of Friday's close. (more...)
- May 29, 2019
Previous year the Hong Kong exchange modified those rules to allow some Chinese companies already listed elsewhere to hold secondary offerings in the city even if their voting rights structures do not match local standards. Bloomberg intelligence calls the second listing as more of a homecoming than a quest for liquidity boosting. It has a market capitalization of $400 billion as of Friday's close. (more...)
Air Canada experiencing technical issue affecting airport operations
- May 29, 2019
Only one per cent of Air Canada daily flights were affected by the technical failure, according to Mah. Air Canada says this is impacting airport operations and call centres as well, so passengers can't call the airline for help. MT and initially prevented the boarding of planes. "We're expecting some flight delays & cancellations as a result of this, but we are working hard to move as many customers as possible this evening". (more...)
- May 29, 2019
Only one per cent of Air Canada daily flights were affected by the technical failure, according to Mah. Air Canada says this is impacting airport operations and call centres as well, so passengers can't call the airline for help. MT and initially prevented the boarding of planes. "We're expecting some flight delays & cancellations as a result of this, but we are working hard to move as many customers as possible this evening". (more...)
Huawei accuses FedEx of diverting documents to the US
- May 29, 2019
The company said that FedEx diverted two parcels sent from Japan and addressed to its offices in China , instead sending them to the United States, and attempted to divert two more packages sent from Vietnam to offices elsewhere in Asia. The diverted packages ended up in FedEx's headquarters in Memphis, Tennessee. A post by FedEx on Chinese social media site Weibo on May 23 clearly aims at damage control, denying the packages were sent to the US. (more...)
- May 29, 2019
The company said that FedEx diverted two parcels sent from Japan and addressed to its offices in China , instead sending them to the United States, and attempted to divert two more packages sent from Vietnam to offices elsewhere in Asia. The diverted packages ended up in FedEx's headquarters in Memphis, Tennessee. A post by FedEx on Chinese social media site Weibo on May 23 clearly aims at damage control, denying the packages were sent to the US. (more...)
MacKenzie Bezos pledges to donate half her $37 billion fortune to charity
- May 28, 2019
It will take time and effort and care. The pledge that signatories make is "a moral commitment to give, not a legal contract", the campaign said on its website. The Giving Pledge mentioned her work along with Jeff Bezos in donating to marriage equality, cancer research, housing for the homeless and college scholarships for undocumented immigrants. (more...)
- May 28, 2019
It will take time and effort and care. The pledge that signatories make is "a moral commitment to give, not a legal contract", the campaign said on its website. The Giving Pledge mentioned her work along with Jeff Bezos in donating to marriage equality, cancer research, housing for the homeless and college scholarships for undocumented immigrants. (more...)
Walmart employee finds snake in Texas shopping cart
- May 28, 2019
Officials called "The Snake Charmer" (John Heckaman of Savannah, Texas ) to help relocate the rat snake, however, he was bitten once while handling the stubborn animal. "That's when I saw the snake", Heckaman continued. The North East Police Department is using this to warn residents that due to above normal rain the past few weeks, this is forcing snakes out of their natural habitats. (more...)
- May 28, 2019
Officials called "The Snake Charmer" (John Heckaman of Savannah, Texas ) to help relocate the rat snake, however, he was bitten once while handling the stubborn animal. "That's when I saw the snake", Heckaman continued. The North East Police Department is using this to warn residents that due to above normal rain the past few weeks, this is forcing snakes out of their natural habitats. (more...)
Area Memorial Day Ceremonies and Parades
- May 28, 2019
If it rains, services will be held at 11 a.m.at the Ladd Center. The two biggest parades; Little Neck-Douglaston and Brooklyn Memorial Day Parade will be based in Queens and Brooklyn. The parade will end at the Windsor Township Cemetery. Costco is one of the biggest department stores in the USA, and most people will rely on them for their Memorial Day shopping. (more...)
- May 28, 2019
If it rains, services will be held at 11 a.m.at the Ladd Center. The two biggest parades; Little Neck-Douglaston and Brooklyn Memorial Day Parade will be based in Queens and Brooklyn. The parade will end at the Windsor Township Cemetery. Costco is one of the biggest department stores in the USA, and most people will rely on them for their Memorial Day shopping. (more...)
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Oil steadies as frail demand outlook tempers USA stock drawdown