Business


GDPR forces companies to be more attentive to how they handle data GDPR forces companies to be more attentive to how they handle data
- May 31, 2018

The General Data Protection Regulation became law in 2016 but entered its official enforcement period last Friday. The GDPR has, of course, emerged as a major business driver for data security and authentication solutions providers like Jumio . (more...)
Air Asia CEO Tony Fernandes, Others Booked by CBI Air Asia CEO Tony Fernandes, Others Booked by CBI
- May 31, 2018

Besides Anthony Francis "Tony" Fernandes, Group CEO Air Asia Malaysia, the company Air Asia, Travel Food owner Sunil Kapoor, Air Asia Director R Venkatraman, aviation consultant Deepak Talwar, Director of Singapore-based HNR Trading Rejendra Dubey and unidentified public servants have been named in the FIR. (more...)
How Amazon plans to block Australians from using popular feature How Amazon plans to block Australians from using popular feature
- May 31, 2018

We have taken this step to provide our customers with continued access to worldwide selection and allow us to remain compliant with the law which requires us to collect and remit GST on products sold on Amazon sites that are shipped from overseas. (more...)
Brexiteers, Brussels both angered by European Union budget extension with UK
- May 31, 2018

The European Commission is furious at the plan, which was devised by the EU council representing individual member states. "The European Data Protection Board will set the weather when it comes to standards for artificial intelligence, for technologies, for regulating big tech". (more...)
Jeff Bezos talks about his moon colony plans Jeff Bezos talks about his moon colony plans
- May 31, 2018

Our species must move heavy industry to space, where it won't be subject to the constraints of gravity and where it can be powered by 24/7 solar power, leaving the Earth for people to live on and as a place for light industry, Bezos told the audience. (more...)
Burger King debuts Whopper Donut on National Donut Day Burger King debuts Whopper Donut on National Donut Day
- May 31, 2018

When you purchase the item, though, you'll also get a complementary mini slider, aka the donut hole. Duck Donuts: Enjoy a FREE Classic Duck Donut on June 1, 2018 including cinnamon sugar, powdered sugar or bare. The free offer will be available at both locations in Toronto and Mississauga. Walmart: The shopping chain has announced it will be giving away free donuts to customers throughout the day. (more...)
Italy's President Appoints a Technocrat, and Moves from Quiet to Contentious Italy's President Appoints a Technocrat, and Moves from Quiet to Contentious
- May 31, 2018

Shortly after speaking to the nation, Mattarella summoned former International Monetary Fund senior official Carlo Cottarelli for a Monday morning meeting - a sign he might tap him to try to form a government of unelected technocrats. Salvini and Di Maio furiously denounced the presidential veto, blasting what they called meddling by Germany, debt ratings agencies, financial lobbies and even lies from Mattarella's staff. (more...)
Consumer Reports now gives Tesla Model 3 a thumb's up Consumer Reports now gives Tesla Model 3 a thumb's up
- May 31, 2018

Consumer Reports now recommends the Tesla Model 3 , after our testers found that a recent over-the-air (OTA) update improved the car's braking distance by nearly 20 feet. The magazine also said almost all of the Model 3's controls are on a center touchscreen direction with no gauges on the dashboard and few buttons inside the auto. (more...)
China slams surprise USA trade announcement, says ready to fight China slams surprise USA trade announcement, says ready to fight
- May 31, 2018

U.S. embassies and consulates have received instructions that the new policy will apply to Chinese postgraduate students who are studying subjects that Beijing deems priorities in its "Made in China 2025" strategy, including robotics, aviation and hi-tech manufacturing. (more...)
Microsoft beats Google to become world’s third largest company
- May 30, 2018

According to a report in Investor's Business Daily late Tuesday, Microsoft had a market cap of $753 billion at the close of trading, nearly $14 billion ahead of Alphabet . The two companies' market caps first crossed paths in 2012 when Google originally overtook Microsoft , and then again for a brief stint in October 2014. (more...)
Singapore Air's Nonstop Flight to Newark Will Take Nearly 19 Hours Singapore Air's Nonstop Flight to Newark Will Take Nearly 19 Hours
- May 30, 2018

The daily, non-stop journey from Changi to Newark Airport will cover about 16,700 kilometers (10,300 miles) and take about 18 hours 45 minutes, the airline said in a statement. High fuel costs contributed to the demise of the service. Singapore Airlines will use the long-range Airbus A350-900ULR (ultra-long-range) for the flights, which will be able to carry 161 passengers, but won't be available to economy travellers. (more...)
Embattled Carphone Warehouse owner to shut 92 stores Embattled Carphone Warehouse owner to shut 92 stores
- May 30, 2018

However, they added that no jobs will be lost as workers will be offered the chance to move to larger outlets nearby. He added: "Right now, with our global business in good shape, we're focusing early action on the UK". The group said total revenue rose by 3% in the year to 16 April, while like-for-like sales were up by 4%. The electronics retailer previously forecast pretax profit of 365 million pounds to 385 million pounds for this year. (more...)
Italy may lose confidence of investors, says central bank
- May 30, 2018

The euro also hit its lowest mark against the dollar this year. The broad-based S&P 500 shed 1.2 per cent to close at 2,689.86, while the tech-rich Nasdaq Composite Index fell 0.5 per cent to 7,396.59. Italy is the third-largest economy in Europe that uses the euro currency. Investors are anxious that euroskeptic parties could form a future government that would abandon the euro or commit to spending that would cause wider instability in the bloc. (more...)
Canada purchases Trans Mountain pipeline project for $4.5B Canada purchases Trans Mountain pipeline project for $4.5B
- May 30, 2018

This isn't meant to be a long-term purchase. The purchase will be financed by Export Development Canada . Kinder Morgan Canada Ltd. listed on the Toronto Stock Exchange on May 30 a year ago, luring investors with the promise of building the massive Trans Mountain expansion project. (more...)
Video shows terrified passengers leaping from parked plane after bomb scare Video shows terrified passengers leaping from parked plane after bomb scare
- May 30, 2018

A search by investigators showed no trace of an explosive device either on the plane or in his baggage. Footage shows dozens standing on the right wing as panic broke out on the Lion Air Boeing 737, which was due to carry 189 passengers to Jakarta on Monday night. (more...)
SIA to launch world's longest commercial flight to NY in Oct
- May 30, 2018

The current record holder is Qatar Airways Flight 921 from Auckland to Doha, which takes 17 hours 40 minutes. The A350 will have a two-class configuration, with 67 Business Class seats and 94 Premium Economy Class seats. But a switch from the Airbus SE A340-500 to the new Airbus A350-900ULR has put the route back on the map. Non-stop Singapore-Los Angeles flights are also planned with the A350-900ULR. (more...)
De Beers to sell jewellery made from synthetic diamonds for first time De Beers to sell jewellery made from synthetic diamonds for first time
- May 30, 2018

But now, after 70 years of telling consumers "a diamond is forever", De Beers is rethinking its message. De Beers will spend $94 million to build a plant near Portland, Oregon, over the next four years to deliver more than 500,000 carats a year of colored synthetic diamonds to supply exclusively for Lightbox . (more...)
Italy's Woes Exact A Toll On Wall Street Italy's Woes Exact A Toll On Wall Street
- May 30, 2018

The S&P 500 posted 7 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 87 new highs and 48 new lows. Stocks in the USA were also down, with the S&P 500 index dropping 31.47 points, or 1.2 percent, to 2,689.86 and the Dow Jones industrial average losing 391.64 points, or 1.6 percent, to 24,361.45. (more...)
Petrol, diesel prices cut after 16 days of continuous rise Petrol, diesel prices cut after 16 days of continuous rise
- May 30, 2018

Petrol and diesel prices were lowered today, marking the first such reduction in the last 17 days. Diesel prices were reduced by 56 paise in New Delhi and 59 paise in Mumbai . Petrol and diesel prices across the country fell on Wednesday after 16 continuous days of hike which had pushed retail fuel prices to the at the highest level recorded in the country's history. (more...)
Trump moves ahead with Chinese trade tariffs, threatening to reignite tensions Trump moves ahead with Chinese trade tariffs, threatening to reignite tensions
- May 30, 2018

But in subsequent weeks, negotiations with China focused on narrower concerns, such as the bilateral trade deficit. The Chinese Commerce Ministry said the move breached the recent consensus reached between Washington and Beijing. This was a "win-win" because it would reduce the trade deficit while providing high-quality products that Chinese consumers need, he said. There are a few tactical reasons the Trump administration may have decided on Tuesday to go ahead with tariffs and investment ... (more...)
Track you: Digital license plates debut in California Track you: Digital license plates debut in California
- May 30, 2018

We've seen a lot of technological advances in cars over the last several years, but not much with license plates . As with any new technology, the digital license plates won't be cheap. They're also capable of displaying personal messages that appear when you stop, pushing the license plate number to the top right of the display. Only a handful of other states - including Texas, Florida, and Arizona - have legalized the use of digital plates. (more...)
Tesla In Autopilot Mode Crashes Into Police Car In SoCal Tesla In Autopilot Mode Crashes Into Police Car In SoCal
- May 30, 2018

The Tesla sedan was driving southbound on Laguna Canyon Road when it collided with a Laguna Beach Police Department SUV this morning, according to Laguna Beach police Sgt. A Greek police official said on Tuesday that no other vehicle was involved in the Friday-night accident in northern Greece and no one was injured. The police cruiser was parked, and luckily no officers were inside when the Model S rammed into it. (more...)
Coca-Cola’s first alcoholic drink goes on sale in Japan
- May 30, 2018

From today, three new "Lemon-Do" drinks - containing three, five and seven per cent alcohol - will be available in the southern Kyushu region of Japan. The most popular flavours are strong citrus ones such as grapefruit or lemon, the latter one being the taste Coca Cola now wants a share of. The drink doesn't include any Coke, clarified the company. (more...)
Jeff Bezos Wants to Colonize the Moon
- May 29, 2018

Amazon founder Jeff Bezos predicts a future where humans will have to leave Earth, with the planet being reserved exclusively for "residential and light industrial" activities. Jeff Bezos surpassed Bill Gates to become the richest man in the world previous year with an estimated net worth of over $90 billion; his net worth is now said to be around $130 billion. (more...)
JAB to Buy Sandwich Chain Pret A Manger From Bridgepoint JAB to Buy Sandwich Chain Pret A Manger From Bridgepoint
- May 29, 2018

It was announced this morning that JAB has acquired Pret from its private equity owner Bridgepoint and other minority shareholders for a reported £1.5bn. William Jackson, chairman of Pret and managing partner of Bridgepoint, said: "We're proud of what we've achieved over the last 10 years with Pret and its management team". (more...)
Pret A Manger sold to Krispy Kreme owner for £1.5bn
- May 29, 2018

While the companies did not disclose terms of the deal, Reuters reported the acquisition values Pret at more than $2 billion. It also gives a windfall to Pret's 12,000 staff as Chief Executive Clive Schlee said via Twitter they would each get a 1,000 pound bonus once the deal completes. (more...)
Attackers claim to have stolen Canadian bank data Attackers claim to have stolen Canadian bank data
- May 29, 2018

Bank of Montreal said some personal and financial information for a limited number of customers may have been stolen. BMO said that it believes that the attack originated from "outside the country". Simplii also said there's no evidence that customers of CIBC -its parent company- were affected, and the incident seems to be contained in its branch only. (more...)
EU Commission proposes banning these items from Irish beaches EU Commission proposes banning these items from Irish beaches
- May 29, 2018

The plan does not set a deadline for a total ban on single-use plastic items such as cotton buds, plates and straws. The directive would also make European Union countries set national targets for reducing the use of plastic food containers and drinks cups, force industry to help cover the costs of waste management, and encourage deposit refund schemes in countries so that 90% of single-use plastic drinks bottles are collected by 2025. (more...)
Wigan stores escape Carphone Warehouse axe Wigan stores escape Carphone Warehouse axe
- May 29, 2018

Like Phones4U before it, Carphone Warehouse is having a bit of trouble getting people into its shops, though unlike the long-dead competitor it's only shutting 92 stores in response. Over the a year ago, the firm has been particularly hit by the trend of customers skipping mobile upgrades - profits fell 60 per cent in its half-year to December 2017 . (more...)
Starbucks closing over 8,000 stores for anti-bias training Tuesday Starbucks closing over 8,000 stores for anti-bias training Tuesday
- May 29, 2018

What's next? More trainings will follow, though it's unclear if stores will be closed again. One afternoon of training can't solve deep problems such as discrimination or treating customers differently due to their race, said Keba Konte, the founder of Red Bay Coffee, an Oakland, California-based coffee company whose staff includes women, people of color and people who had previously been imprisoned. (more...)

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