Business


Dublin Topshop stores amongst list set to close down Dublin Topshop stores amongst list set to close down
- May 26, 2019

Dorothy Perkins, Burton , Topshop and Topman stores have been earmarked for closure as part of a company voluntary arrangement. Meanwhile, the company said none of its United Kingdom or Irish stores will close and employees will continue drawing checks as it seeks to improve lease terms for 194 lease sites and consider closing 23 stores long-term. (more...)
Skoda unveils first all-electric compact vehicle Skoda unveils first all-electric compact vehicle
- May 26, 2019

It's a significant development for the brand; according to a Škoda spokesperson, the plug-in hybrid Superb could make up 20% of the range's 9,000 average annual sales in the United Kingdom market. Estimated to arrive in the United Kingdom early next year, Skoda has yet to reveal prices though these are expected to be announced closer to the car's full launch. (more...)
Huawei's Founder Says You Can't Stop the Love for iPhones Huawei's Founder Says You Can't Stop the Love for iPhones
- May 25, 2019

China's internet watchdog is said to have published the draft regulation online for public feedback until 24 June. The intelligence agency of the US considers it as a big security threat. "I think Huawei's removal from the Microsoft Store portends to the future where Huawei, already kicked out of the U.S.in phones, spreads to its very high quality PCs", says Patrick Moorhead, principal analyst at Moor Insights & Strategy. (more...)
Fed's Kaplan says he's 'agnostic' on next Fed rate move Fed's Kaplan says he's 'agnostic' on next Fed rate move
- May 25, 2019

Federal Reserve officials stated that they will remain firmly committed to a "patient" policy stance at their meeting earlier this month, saying rates likely will remain unchanged for a considerable period of time. The Fed's latest meeting ended May 1 - several days before trade talks between the U.S. and China began to break down , weighing on markets. The minutes re-emphasized the Fed's patience while echoing the message from Powell's post-meeting press conference, when he mentioned that ... (more...)
Honda Civic Type OveRland is an off-road spec Type R! Honda Civic Type OveRland is an off-road spec Type R!
- May 25, 2019

But Ralph Hosier Engineering (RHE) thinks it's about time it conquered new frontiers, and has built the Honda Civic Type OveRland concept for inspiration. We ran the Honda Civic Type R as long-termer a year ago. We are just trying to think of how much would Ralph push the road-spec Type R to make it a more convincing safari auto. (more...)
Amazon shareholders reject proposed ban on selling facial recognition tech to governments Amazon shareholders reject proposed ban on selling facial recognition tech to governments
- May 25, 2019

The first proposal would have called on Amazon to stop offering facial recognition to governments unless its board determined sales did not violate civil liberties. Studies - including one from Georgia Tech University and another from MIT - have shown that predictive technology can have trouble with darker skin tones. (more...)
Irish regulator opens first privacy probe into Google Irish regulator opens first privacy probe into Google
- May 25, 2019

The regulator said it wants to establish whether processing of personal data carried out at each stage of an advertising transaction is in compliance with the relevant provisions of the EU's General Data Protection Regulation (GDPR ). Ireland, the lead regulator for the tech giants because their European headquarters are located there, is also investigating Twitter , Microsoft's LinkedIn and Apple, with decisions in all the cases expected this year. (more...)
Future DJI consumer drones will have built-in tech to avoid airplanes Future DJI consumer drones will have built-in tech to avoid airplanes
- May 25, 2019

DJI AirSense is an alert system that uses ADS-B technology to give drone pilots enhanced situational awareness and help them make responsible decisions while flying. "There has never been a confirmed collision between a drone and an aeroplane, but drones have struck low-flying helicopters at least twice". Besides the DJI Mavic 2 Enterprise (which incorporates the ADS-B receiver), existing drones will remain unaffected by this announcement. (more...)
British Steel placed in administration, 25000 jobs at stake British Steel placed in administration, 25000 jobs at stake
- May 24, 2019

Greybull has blamed Brexit strains for its financial collapse, while the steel sector faces other uncertainties. Greybull Capital purchased it for £1 during the 2016 steel crisis, and had recently returned it to profit. Employees of Saint-Saulve former Ascoval steel mill, recently bought by British steel are gathered outside their plant on May 22, 2019 in Saint-Saulve, following the announcement of the collapse of British Steel after last-ditch talks with the United Kingdom government failed ... (more...)
Oil bounces back, but markets remain fragile amid trade disputes Oil bounces back, but markets remain fragile amid trade disputes
- May 24, 2019

China blamed Washington for wrecking trade talks and insisted the USA must alter its "wrong practices" before negotiations can resume. Brent crude futures, the worldwide benchmark, fell to a session low of US$68.35 per barrel, trading down US$2.50 at US$68.49 by 1343 GMT. (more...)
62k pounds of raw beef products recalled due to E. coli risk 62k pounds of raw beef products recalled due to E. coli risk
- May 24, 2019

Recalled items were then shipped across the nation for distribution and processing. "788" establishment code, throw them out or return them to the store where you purchased them. While most patients recover within a week, others may develop kidney failure which can occur at any age, but is most commonly found in children under five and older adults. (more...)
Musk hires meme-maker to handle Tesla's social media Musk hires meme-maker to handle Tesla's social media
- May 24, 2019

The company posted a $702 million loss for the quarter. Musk warned staff to trim costs and said that "going forward, all expenses of any kind anywhere in the word [sic], including parts, salary, travel expenses, rent, literally every payment that leaves our bank account must (be) reviewed". (more...)
China says door open to trade talks, but slams tech controls China says door open to trade talks, but slams tech controls
- May 23, 2019

It is the first clear admission from the most powerful President that China has had in years that the country could be facing difficulties in the near future and needless to say, it clearly shows that the United States treatment of its exports, as well as the treatment of a blue-chip firm like Huawei, has finally hit home. (more...)
RBA Governor Signals a Cash Rate Cut RBA Governor Signals a Cash Rate Cut
- May 23, 2019

Westpac has revised the forecast it released on February 21 that the RBA would cut the cash rate in August and November to June and August. The RBA's concession that easier policy is required comes as labor market slack remains and amid persistent evidence that households are reining in spending and slowing the economy. (more...)
Panasonic 'suspends transactions' with Huawei after USA ban Panasonic 'suspends transactions' with Huawei after USA ban
- May 23, 2019

Led by the USA, the firm faces a growing backlash from Western countries over possible risks posed by using its products in next-generation 5G mobile networks. In the midst of a trade war with Beijing, President Donald Trump has barred U.S. companies from engaging in telecommunications trade with foreign companies said to threaten American national security. (more...)
Boeing 737 Max: China's top airlines seek compensation Boeing 737 Max: China's top airlines seek compensation
- May 23, 2019

China was the first country to ground the 737 MAX two months ago after a crash in Ethiopia killed 157 people in March, in the second such incident for Boeing's newest aircraft. China's carriers own a total of 96 737 Max 8 planes, with 14 belonging to the China Eastern Airlines and 15 to Air China, data from the Civil Aviation Administration of China (CAAC) showed. (more...)
The US has eased the Huawei ban for 90 days The US has eased the Huawei ban for 90 days
- May 22, 2019

Monday's temporary licence is likely to allow companies such as Google to continue providing service and support, including software updates or patches, to Huawei smartphones that were available to the public on or before May 16. "No matter what happens, no matter what kind of challenges. just smile and overcome them", he told the audience, a mantra that could apply equally to Huawei as to its young customers. (more...)
United States Postal Service testing TuSimple's autonomous trucks United States Postal Service testing TuSimple's autonomous trucks
- May 22, 2019

That's if a trial being carried out by the United States Postal Service (USPS) proves to be successful. A self-driving truck company has partnered with the U.S. "This run is really in the sweet spot of how we believe autonomous trucks will be used", said TuSimple Chief Product Officer Chuck Price. The self-driving tractor trailer is being provided by autonomous truck company TuSimple. (more...)
Vodafone postpones 5G launch event due to Huawei's Google ban
- May 22, 2019

Not only is EE dropping Huawei phones from its 5G launch, but BT is also in the process of removing Huawei technology from portions of its 4G network. EE expects customers to reach gigabit speeds even in the busiest of areas. Today, EE usurped those plans by announcing that it will be kicking off its own 5G roll out in May, more than a month in advance. (more...)
Arm staff told they must cut all ties with Huawei
- May 22, 2019

This is yet another potentially catastrophic blow to Huawei, since the Kirin SoCs that Huawei uses in its smartphones are heavily dependent on ARM technologies . Huawei has been facing blow after blow in its business relations across companies from around the world, especially United States companies after it was put on a trade blacklist by the Trump administration. (more...)
Ryanair profits fall as costs rise and fares drop Ryanair profits fall as costs rise and fares drop
- May 22, 2019

But its profit forecast for the current financial year to end-March 2020 of between 750 million and 950 million euros, was "considerably worse than expected", Goodbody analyst Mark Simpson said in a note. Ryanair has delayed the delivery of its first 5 Boeing 737 MAX aircraft to Winter 2019 (subject to regulatory approval by EASA). It expects most of the first batch of around 50 aircraft to be flying by next summer, Chief Executive Michel O'Leary said. (more...)
Japan economy beats forecasts of decline Japan economy beats forecasts of decline
- May 22, 2019

In nominal terms, the GDP expanded 0.5 percent. External demand - or exports minus imports - added 0.4 percentage point to growth, the data showed, after it subtracted a 0.3 percentage point from GDP growth in the previous quarter. Underscoring this challenge were private consumption and capital expenditure readings, which both fell in the first quarter, while exports suffered the biggest fall since 2015. (more...)
Google Halts Plan to Sever Ties With Huawei Google Halts Plan to Sever Ties With Huawei
- May 22, 2019

That's pretty significant considering all Huawei phones operate on Android. The operating system powers more than 80% of the world's smartphones. "For users of our services, Google Play and the security protections from Google Play Protect will continue to function on existing Huawei devices ", said the spokesperson without elaborating further. (more...)
After Google, will Microsoft block Windows updates to Huawei laptops? After Google, will Microsoft block Windows updates to Huawei laptops?
- May 22, 2019

The U.S. controls "will have no impact within this company" and none on development of next-generation telecom technology, Ren said. It's no secret that Huawei had been working on its own OS . But it depends on Google's Android operating system and American suppliers for more advanced parts for its products. Adding to its U.S. troubles on Thursday, the U.S. (more...)
U.S. fires arrow into Huawei's Achilles heel U.S. fires arrow into Huawei's Achilles heel
- May 21, 2019

Huawei's mobile chief Richard Yu said a year ago that the company was working on its own operating system. When contacted by The Myanmar Times , Bob Zhu, deputy general manager of Huawei Myanmar, said it was business as usual in the country and that the company's operations in Myanmar have not been impacted by the move. (more...)
Dressbarn to close all 650 stores Dressbarn to close all 650 stores
- May 21, 2019

In 2019 alone, USA retailers said 5,994 stores will close. Dressbarn, which has been around for almost 60 years, offers a collection of clothing for women from petites to plus sizes. Dressbarn has 660 locations across the United States, and 26 specifically in MI. The company did not say when Dressbarn will shut all its stores, which include one in Duluth's Miller Hill Mall. (more...)
Winning €6.2m lotto ticket bought in Louth Winning €6.2m lotto ticket bought in Louth
- May 21, 2019

The prize is now at an estimated $27 million and the winning numbers will be drawn on Tuesday (May 21). There was no victor of the Lotto Plus 1 prize, worth €1 million, or of the top prize of €250,000 in the Lotto Plus 2 draw . "We are calling on all our Lotto players in Louth, particularly those who play in Drogheda to carefully check their tickets to see if they have won this life-changing prize", the spokesperson emphasised. (more...)
Jamie Oliver restaurant woes as United Kingdom chain prepares for insolvency Jamie Oliver restaurant woes as United Kingdom chain prepares for insolvency
- May 21, 2019

The administration could mark the end of Oliver's United Kingdom restaurant empire, which began with the opening of Fifteen in London in 2002. Twenty-three of those outlets are from the Jamie's Italian chain. The administration comes after sales at Jamie's Italian dived by almost 11% a year ago to £101m as it closed 12 restaurants and made about 600 staff redundant. (more...)
Tata Motors Q4 net profit dips 49% to Rs 1,109 crore Tata Motors Q4 net profit dips 49% to Rs 1,109 crore
- May 21, 2019

Revenue from wholly owned subsidiary Jaguar Land Rover Automotive Plc fell 5% to 651.46 billion rupees. For the fiscal ended March 31, the company's standalone profit stood at Rs 2,398.93 crore against a net loss of Rs 946.92 crore in the preceding financial year. (more...)
Manchester Airport delays due to fuel problem Manchester Airport delays due to fuel problem
- May 21, 2019

A Manchester Airport spokesman said: "Due to a power issue this afternoon there is now an issue with the fuel supply at the airport and we have engineers on-site working to fix this". Most outbound planes were unable to take off because they did not have enough fuel to reach their destinations. Ryanair, easyJet, Jet2 and British Airways flights are affected. (more...)

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