Money


KLM Airlines Faces Backlash After Asking Breastfeeding Mother to Cover Up KLM Airlines Faces Backlash After Asking Breastfeeding Mother to Cover Up
- July 19, 2019

One might also assume that the crowd in the cabin of an global airline on an worldwide flight are cosmopolitan and sophisticated enough to handle the sight of a breastfeeding mother, no matter where you happen to come from. A screenshot of the email, sent to an unidentified customer by "Aaron" in the airline's United Kingdom reservations department, provoked outrage after being circulated on Twitter. (more...)
Amazon Accidentally Let Thousands Buy $13,000+ 4K Camera Gear For $95 dollars Amazon Accidentally Let Thousands Buy $13,000+ 4K Camera Gear For $95 dollars
- July 19, 2019

Surely, these price drops were a mistake - and surely customers didn't care. Fire TV Stick was the top-selling deal across all categories during the Prime Day sale. If previous years are anything to go by, the next Amazon Prime Day will take place in mid-July 2020. Aside from the thousands of people hearing this story and crying a bit inside at the completely awesome missed blind luck opportunity, things are even sadder for a small number of people who saw their friends posting the insane ... (more...)
The new mid-engine Corvette hits the starting blocks this week The new mid-engine Corvette hits the starting blocks this week
- July 19, 2019

Chevrolet will toss this heritage out the window when it shortly releases the mid-engined, eighth-generation Corvette during the 2020 model year. After almost three dormant decades, Chevy resurrected the Stingray trim level when the seventh-generation auto came out in 2014. (more...)
Microsoft's cloud powers another surprisingly strong quarter Microsoft's cloud powers another surprisingly strong quarter
- July 19, 2019

Commercial cloud revenue - a measure of sales from Azure , internet-based versions of Office software and some smaller products - rose 39 per cent from a year earlier to US$11 billion. On Tuesday, AT&T Business announced it would modernize its internal software apps to enable migrations to the IBM Cloud. Azure cloud sales rose 64 per cent, compared with 73 per cent growth in the previous quarter and 76 per cent in the one before that. (more...)
House approves $15 minimum wage, Senate prospects are dim House approves $15 minimum wage, Senate prospects are dim
- July 19, 2019

We need to make sure that people who work full-time are not in poverty", said Rep. Bobby Scott (D-VA). -Sen. Bernie SandersRecalling how his original bill proposing a $15 federal minimum wage , first introduced in 2015, was at the time dismissed as an "impossible dream", Sanders in a statement thanked "a strong grassroots movement led by millions of fast food workers and the SEIU" for securing passage of the Raise the Wage Act of 2019-introduced by Rep. (more...)
Rent in Ottawa out of reach for low-income earners, report finds Rent in Ottawa out of reach for low-income earners, report finds
- July 19, 2019

Macdonald said the benefit could provide some short-term help while the country awaits new rental units. In many jurisdictions, minimum wages have since increased, including in B.C.to $13.85 an hour. The report defines "affordable" rent as 30% or less of a renter's pre-tax income, the same cut-off used by the federal government. "You really have to ration it based on some simple criteria, otherwise you blow through your (spending) cap", said Macdonald, a senior economist at the centre. (more...)
Louis Fed wanted cut to discount rate in June: minutes Louis Fed wanted cut to discount rate in June: minutes
- July 18, 2019

Many Fed officials said at their most recent meeting that their concern over a USA trade war and weak inflation "strengthens the case" for "somewhat more" stimulus, Powell said. Inflation also remains muted, undershooting the Fed's 2 percent target this year. The Commerce Department said in a report on Wednesday that US homebuilding fell for a second straight month in June and permits slumped to a two-year low, hinting at a softer housing market despite lower mortgage rates. (more...)
Lotus showcases first pure electric sports auto Lotus showcases first pure electric sports auto
- July 18, 2019

Lotus has been teasing this electric supercar for some time now. It's a figure set in tribute to the car's project code, Type 130 . Tesla would be making the Roadster in the thousands (judging by the 1,000 models alone for the Founders Series), while Rimac has plans for 150 C_Two models and Lotus is looking to build 130 examples. (more...)
Amazon to change rules for third-party sellers Amazon to change rules for third-party sellers
- July 18, 2019

The Federal Cartel Office chief said Wednesday in a statement that the German watchdog was dropping its seven-month investigation into unfair policies by Amazon . The changes in the terms of service will include the compliance of Amazon with European regulations regarding liability towards business partners on the European platform. (more...)
Prime Day 2019: Best Xbox One Deals Available So Far
- July 18, 2019

In all 250 companies are joining in the summer cyber sale buzz, up from 194 a year ago. With tens of thousands of deals across every category, Prime Day has become a full-blown event akin to Black Friday , to the point where other retailers are offering their own counter-sales happening around the same time. (more...)
ROK central bank cuts rate, citing Japanese export curbs
- July 18, 2019

The rate cut was largely seen as preemptive, as it came earlier than the US Federal Reserve's anticipated rate cut slated for later this month. The Bank of Korea said on Thursday its Monetary Policy Board voted to cut its policy rate by a quarter of a percentage point to 1.5 percent. (more...)
Analyst Recommendation Update on Shares of Canadian National Railway Company (NYSE:CNI) Analyst Recommendation Update on Shares of Canadian National Railway Company (NYSE:CNI)
- July 18, 2019

John Brooks, CP's marketing chief, said the railway is anticipating heavy grain volumes for the rest of the season due to a crop that is expected to be in line with the past two years, and large amounts of canola still in bins and elevators after China ceased importing the Canadian seed. (more...)
South Korea's central bank lowers rate amid Japan trade row:The Asahi Shimbun South Korea's central bank lowers rate amid Japan trade row:The Asahi Shimbun
- July 18, 2019

South Korea's economy surprisingly contracted in the first quarter from the previous three-month period, while annual inflation has stayed below its 2% target for the past seven successive months. "A de facto low ceiling can in fact vary, depending on what it is based on, for instance the possibility of a fund outflow". Lee Ju-yeol, the bank's governor, said South Korea's exports and domestic investment during the first half of the year were more sluggish than expected and that it's "hard to ... (more...)
Recalls Ground bison meat responsible for E. coli outbreak in 7 states Recalls Ground bison meat responsible for E. coli outbreak in 7 states
- July 18, 2019

Health officials pinpointed restaurants where patients reported eating ground bison burgers and collected records regarding suppliers of the meat. The institutions that have Bison Burgers and Bison Ground in their inventory with the production date: February 22, 2019 - April 30, 2019, are urged to contact their distributor for a full refund. (more...)
Australia Sees Jobs Boom in West as Resources Comeback on Cards Australia Sees Jobs Boom in West as Resources Comeback on Cards
- July 18, 2019

Australia's unemployment rate remained steady at a seasonally adjusted 5.2 per cent in June as an election-related jobs boost receded and the effect of cash rate cuts were yet to materialise. The participation rate is also seen unchanged at 66.0%. The official minutes of the July monetary policy board meeting have put an emphasis on the state of employment across the country - while the employment growth remained steady at 2.9% over the year to May, the joblessness rate continued to hold up. (more...)
Google confirms its Viagogo advertising ban includes Australia Google confirms its Viagogo advertising ban includes Australia
- July 18, 2019

The Court found Viagogo misled consumers by claiming tickets to certain events were scarce when the scarcity only referred to the tickets available on its resale platform and didn't include tickets available elsewhere. "We are confident that there has been no breach of Google's policies and look forward to working with them to resolve this as quickly as possible". (more...)
Oil Prices Slip as Inventories Build Oil Prices Slip as Inventories Build
- July 18, 2019

Brent crude futures were down 69 cents , or 1.1%, to settle at $63.66 a barrel. The market was also weighed down by signs of further increases in output from the United States, which has ridden a wave of shale oil production to become the world's biggest crude producer, ahead of Russian Federation and Saudi Arabia. (more...)
Trump sees slowing Chinese growth pressuring Beijing on trade Trump sees slowing Chinese growth pressuring Beijing on trade
- July 18, 2019

Adding to mounting pressure on China, Trump will sign an order on Monday seeking to increase the U.S. domestic content threshold for iron and steel in federal procurements, White House trade adviser Peter Navarro said on Fox News. On Monday, the president indicated that the USA tariffs were having their intended impact by squeezing China's economy. China's stable growth was good for the world and also the USA economy, Geng said. (more...)
USA lawmakers challenge Facebook over Libra cryptocurrency plan USA lawmakers challenge Facebook over Libra cryptocurrency plan
- July 18, 2019

Of the group's 28 "founding" members, including PayPal Holdings Inc., Visa Inc. and Uber Technologies Inc., Facebook is the only one that testified before Congress, and is by far the company most closely associated with the effort. "I think for sure Facebook is a company that has engaged [in a] series of actions that have drawn a lot of attention, have violating consent decrees, violated the trust of their users". (more...)
LVMH CEO Arnault Overtakes Gates as World's Second-Richest Person LVMH CEO Arnault Overtakes Gates as World's Second-Richest Person
- July 18, 2019

The trading of spots marks the first time that the Microsoft co-founder, who the financial news service says is worth $ 107 billion , has fallen out of the top two since the list's advent in 2012. A good year for Arnault: It is a wonderful year for the business magnet as this year has seen his business raking in sales, from his Kering SA's Francois Pinault and cosmetics heir Francoise Bettencourt Meyers , getting to a $57 billion combined. (more...)

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