Money


S.Korean president urges Japan to retract export curbs, launch consultation S.Korean president urges Japan to retract export curbs, launch consultation
- July 08, 2019

In his first public remarks on Japan's restriction on exports to South Korea, Moon said on Monday a "vicious cycle" of action by the uneasy neighbors, both important US allies, was something both of them should avoid. Specifically, it plans to remove South Korea from a "white" list of countries with minimum trade restrictions, requiring Japanese exporters to go through a lengthy permit application process each time they want to export restricted items to South Korea, it said. (more...)
Deutsche Bank to cut 18,000 jobs, exit equities sales by 2022 Deutsche Bank to cut 18,000 jobs, exit equities sales by 2022
- July 08, 2019

The new division, headed by Hoops, will be at the heart of the lender's future business model. What's bad for Deutsche Bank could be good for Barclays. "Deutsche Bank hasn't got that". Instead, Sewing is tapping into the bank's capital cushion to fund what he's billed as the bank's biggest restructuring in decades -which means he needs to be strategic with the scarce financial resources he can generate. (more...)
HongmengOS faster than Android, macOS says Huawei founder Ren Zhengfei HongmengOS faster than Android, macOS says Huawei founder Ren Zhengfei
- July 08, 2019

The US seems to be pretty ambiguous about whether it will continue to ban Huawei from US goods and to what extent. Presentation HongMeng could be held August 9 - on this date at Huawei scheduled start of the event for developers Huawei Developer Conference 2019 (2019 or HDC). (more...)
Cavi brand papayas linked to multistate Salmonella outbreak: CDC Cavi brand papayas linked to multistate Salmonella outbreak: CDC
- July 08, 2019

The pig ears were later analyzed and tested positive for salmonella - though the specific outbreak strain was not identified, according to the CDC. The outbreak has been linked to dog treats made with pig ears. The states, according to the CDC, include Connecticut, Florida, Massachusetts, New Jersey, New York, Pennsylvania, Rhode Island and Texas. Salmonella can affect animals eating the products and there is risk to humans from handling contaminated pet products, especially if they have ... (more...)
Amazon Admits It: Alexa Never Deletes What You Say Amazon Admits It: Alexa Never Deletes What You Say
- July 08, 2019

The letter states that the power to delete recordings lies entirely with the user. In the letter, Amazon Vice President of Public Policy Brian Huseman said the company uses the transcripts to "improve Alexa and the customer experience". (more...)
Deutsche Bank to Trim Trading, Cut 18K Jobs in Overhaul Deutsche Bank to Trim Trading, Cut 18K Jobs in Overhaul
- July 08, 2019

Two congressional committees have subpoenaed Deutsche Bank documents as part their investigations into President Donald Trump and his company. The bank, which has its headquarters in Frankfurt , in Germany, said on Sunday that it would drop its stock sales and trading unit as part of a plan to exit more volatile investment banking activities. (more...)
DOGE To Be Listed On Binance DOGE To Be Listed On Binance
- July 07, 2019

Binance heeded this request and announced on Friday that it was listing the DOGE token on its exchange. DOGE's price action is a good illustration of what can happen when a major exchange signs on to handle market transactions for a particular altcoin, which Dogecoin is in most people's definitions. (more...)
United States adds 224000 jobs in June, allays fears of slowdown United States adds 224000 jobs in June, allays fears of slowdown
- July 07, 2019

Economists eagerly awaited the June jobs report after the weak May total stirred recession concerns. That print was also more than twice the 102,000 new jobs cited by private sector payroll provider ADP - which correctly predicted last month's big employment whiff. (more...)
Daimler AG and BMW Group partners for automated driving technology Daimler AG and BMW Group partners for automated driving technology
- July 07, 2019

Individually, BMW is now developing its iNext vehicle line, which feature Level 3 automation and are due to go into production in 2021. In addition, further talks are planned to extend the cooperation to higher levels of automation in urban areas and city centres. (more...)
Pig ear dog treats recalled for possible Salmonella contamination Pig ear dog treats recalled for possible Salmonella contamination
- July 07, 2019

Pig-ears sold as dog treats in central IL and 33 other states are being recalled due to potentially causing an outbreak in Salmonella . To avoid salmonella , the CDC warns people not to feed raw diets , which include pig ear treats, to dogs. (more...)
Bookmaker William Hill announces 700 branch closures Bookmaker William Hill announces 700 branch closures
- July 07, 2019

A large number of redundancies are expected and around 4500 employees are at risk of losing their jobs. Many in the industry are blaming the cuts on the fact the government passed a law limiting the maximum stake on gaming products to £2 down from £100. (more...)
BMW X7 Official Pickup Truck Is A One-Off Luxury Workhorse BMW X7 Official Pickup Truck Is A One-Off Luxury Workhorse
- July 07, 2019

The one-off vehicle is exactly what you expect it to be, where a standard X7 gets chopped up so the third-row seats no longer exist, and in its place is a flatbed that will accommodate an F 850 GS motorcycle . At the rear, it features a loading area cladded in polished teakwood, as well as handgrips and trims strips made from 3D pressure parts. OH MY LORD! What is your take on this pickup truck - based on the BMW X7? BMW prefers to describe this pick-up and bike duo as "faithful ... (more...)
U.S. added 224,000 jobs in June
- July 07, 2019

One notable increase was in the number of manufacturing jobs, which ticked up to 17,000 after four months of little change. A robust 224,000 jobs were created last month, according to the federal government's report - well above the high-water Wall Street projection of 160,000 and more than three times the revised 72,000 figure from May. (more...)
Budget 2019: Public-private partnerships to develop rail infrastructure Budget 2019: Public-private partnerships to develop rail infrastructure
- July 07, 2019

Former Finance Minister P Chidambaram termed the Budget 2019 , presented by Nirmala Sitharaman , as most opaque. But state-owned NBFCs would be beyond the RBI's pale. After the announcement of the comprehensive restructuring of highways in India, the shares of roadmakers have seen an increase. India has almost 10,000 registered NBFCs lending to millions of households who might not be able to borrow directly from a commercial bank. (more...)
Tempe Police Asked To Leave Starbucks, Veterans Included Tempe Police Asked To Leave Starbucks, Veterans Included
- July 07, 2019

Some also drew comparisons between an incident a year ago when two black men were arrested in a Starbucks while waiting for a business meeting after a barista called police . "It's become accepted to not trust or to see police and think that we're not here to serve you", he said. The post was accompanied by a parody Starbucks logo featuring coffee being dumped from a cup. (more...)
We Energies proposes new program for electric vehicle charging We Energies proposes new program for electric vehicle charging
- July 07, 2019

Ltd. Also to make electric vehicles affordable to consumers, the Union Budget says the government will provide additional income tax deduction of Rs 1.5 lakh on the interest paid on loans taken to purchase electric vehicles. With the steps unveiled in the budget, India has joined G-20 economies like China, France and the United Kingdom where regulations have been devised to push automakers towards electric and other electrified power trains. (more...)
Amazon’s Bezos finalizes divorce with $38bn settlement Amazon’s Bezos finalizes divorce with $38bn settlement
- July 07, 2019

This amount is valued at $38.3 billion, according to Bloomberg . "As our family and close friends know, after a long period of loving exploration and trial separation, we have chose to divorce and continue our shared lives as friends", said Jeff and MacKenzie in a joint statement. (more...)
Lotus' electrical hypercar is named 'Evija' Lotus' electrical hypercar is named 'Evija'
- July 07, 2019

There is also a new teaser video showing off the center console and buttons of the Evija . Keeping with Lotus " tradition of giving its cars names beginning with the letter E, the Evija , pronounced "ev-eye-a', is Lotus' first product since 2010's Evora . (more...)
Gold slides 1.5pc Gold slides 1.5pc
- July 06, 2019

Women look at gold jewellery at a shop in Istanbul, Turkey, May 9, 2019. Spot gold was down 0.1% at $1,414.15 per ounce as of 0948 GMT. The metal is down about 1 per cent this week, on course for the biggest decline since April. Weakening global economic growth, lackluster demand and huge stockpiles mean silver prices are unlikely to join gold in rocketing to new highs, analysts say. (more...)
Amazon’s Deliveroo investment scrutinized by United Kingdom competition watchdog Amazon’s Deliveroo investment scrutinized by United Kingdom competition watchdog
- July 06, 2019

Amazon has signaled its growing ambitions in the United Kingdom with Prime Now, which offers deliveries to major British cities within two hours. The Competition and Markets Authority (CMA) has made a decision to halt the transaction while it considers launching a full investigation into Amazon's investment. (more...)

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