Business


Elon Musk's Boring Company Releases Its 'Not-A-Flamethrower'
- June 12, 2018

Fact is, Tesla CEO Elon Musk promised both and this weekend he delivered on his promisedpersonal flamethrowers . Musk initially floated the idea of selling flamethrowers to help fund his infrastructure tunneling company, which many took as a joke . (more...)
Amazon Expanding Whole Foods Discounts To 10 More States Amazon Expanding Whole Foods Discounts To 10 More States
- June 12, 2018

The discount was announced in May for a trial run in a small number of stores, and will now extend into 10 states where Whole Foods Markets have a presence. Commenting on the news, A.C. Gallo, president and chief operating officer at Whole Foods Market said, "Based on the positive customer feedback and successes we've seen over the past month, we're accelerating our timeline to expand these savings to all of our USA stores". (more...)
United flight diverted after bomb threat discovered on board United flight diverted after bomb threat discovered on board
- June 12, 2018

The Boeing 767-300 jet was about 200 kilometres west of Co Clare when the crew turned around. A plane flying from Europe to the USA has been diverted after a cryptic note hinting at a bomb was reportedly found scrawled on the wall in the aircraft's bathroom. (more...)
North Korean leader, Singapore’s PM discuss Korean Peninsula situation
- June 11, 2018

Balakrishnan also said that the Singapore government was footing the hotel bill for Kim and his delegation who are staying at the plush St Regis hotel here. president and a North Korean leader. Beyond the impact on both leaders' political fortunes, the summit could shape the fate of countless people - the citizens of impoverished North Korea, the tens of millions living in the shadow of the North's nuclear threat, and millions more worldwide. (more...)
What Really Sparked Trump's Outrage Over Trudeau's Statement? What Really Sparked Trump's Outrage Over Trudeau's Statement?
- June 11, 2018

President Donald Trump . In a post-meeting press conference Canadian Prime Minister Justin Trudeau , who chaired the summit, expressed his disappointment over Washington's recent decision to impose new tariffs on steel and aluminum. Justin Trudeau at a press conference in April. "That's what weak, dishonest Justin Trudeau did". He was reacting to Trudeau's declaration that Canadians would "not be pushed around" and would hit back at punishing United States tariffs on metal imports ... (more...)
Foxconn broke Chinese labour laws-rights group Foxconn broke Chinese labour laws-rights group
- June 11, 2018

He did not respond to a request for further details. It alleges multiple violations of Chinese labor law at the factory. China Labour Watch said dispatch staff were paid less than permanent staff, had significantly less training, were not properly rewarded for working overtime, and were not paid for sick leave. (more...)
Jaguar Land Rover to move Discovery production from United Kingdom to Slovakia Jaguar Land Rover to move Discovery production from United Kingdom to Slovakia
- June 11, 2018

It also has an agreement with Magna Steyr, a unit of Magna Inc., to build the Jaguar E-Pace and all-electric I-Pace models in Austria. But on Monday Jaguar Land Rover said that all production of the Discovery would be done in the Eastern European nation. (more...)
Pickle Juice Slush debuts at Sonic on June 11 Pickle Juice Slush debuts at Sonic on June 11
- June 11, 2018

Once the slush hits menus, pickle lovers will have more reason to celebrate, as Sonic says customers can ask for a spritz of pickle juice on whatever their "heart desires". The Pickle Juice Slush, and the other new flavors, will be added to Sonic's half-price happy hour. "Quite simply, pickle juice is fun", Scott Uehlein, the restaurant's vice president of product innovation and development, told ABC when the drink was first announced. (more...)
Facebook kept giving data to firms after saying it won’t Facebook kept giving data to firms after saying it won’t
- June 11, 2018

As the Wall Street Journal first reported , certain companies were, for a time, granted access to data about users, as well as data about those users' friends. Particularly concerning is the claim that Facebook's deals included, in some cases, more extensive access to data about users' friends. Facebook gave select "whitelisted" companies extensions before they were also blocked from getting its users' personal information. (more...)
North Korea leader Kim arrives in Singapore ahead of Trump meeting North Korea leader Kim arrives in Singapore ahead of Trump meeting
- June 11, 2018

The official wasn't authorized to discuss the plans and insisted on anonymity. Trump on Monday morning was upbeat: "Great to be in Singapore , excitement is in the air!" Again accusing the longtime U.S. Foreign Ministry spokesman Bahram Ghasemi said on Monday that North Korea should approach this week's summit with Mr Trump with "awareness". It's a reflection of the intense global curiosity over Kim's sudden turn to diplomacy in recent months after a slew of North Korean nuclear and missile ... (more...)
Bitcoin Price Manipulation Probe Linked to Futures Market Bitcoin Price Manipulation Probe Linked to Futures Market
- June 11, 2018

The CFTC is the regulatory body that initially approved Bitcoin futures trading when the CME submitted its application a year ago. After the first contract was completed in January CME asked the exchanges to provide trading data but some of them decline to state that the request was intrusive. (more...)
Donald Trump, Kim Jong-un arrive in Singapore for historic summit
- June 11, 2018

Trump arrived a few hours after Kim on Air Force One, directly from a tumultuous G7 summit in Quebec, which ended in a bitter personal exchange between the United States president and the host, the Canadian prime minister, Justin Trudeau. Yellow barricades line the roads on Sentosa island. As far as we know, his despot father only traveled out of the country by train, and rarely at that, because of fears of assassination. (more...)
Multi-Million Lottery Winner Shows Up In Emoji Mask To Hide Identity Multi-Million Lottery Winner Shows Up In Emoji Mask To Hide Identity
- June 11, 2018

N Gray, who won 180 million Jamaican dollars as part of the Super Lotto jackpot on May 11, yesterday collected her cheque wearing a brilliant disguise - an emoji mask. "I am elated because I was drowning in debt", Gray said. Many on social media suggested the expression of the mask most likely matched hers underneath. (more...)
Poundworld puts 5,300 jobs at risk after announcing administration Poundworld puts 5,300 jobs at risk after announcing administration
- June 11, 2018

It is believed the notice will give Poundworld time to structure a deal, which could be undertaken through a pre-pack administration, with private equity firm R Capital, former owner of Little Chef. Losses for the financial year 2016-17 were £17.1million, up from £5.4million the year before. House of Fraser (HoF) is expected to be the latest retailer to turn to a CVA in the coming days amid pressure from its bank lenders on its Chinese shareholder to pump fresh capital into the business. (more...)
Burgers behind IHOP name change
- June 11, 2018

Forbes lays out some reasons for why the company is making a drastic departure from its pancake identity. The restaurant's website, still found at www.ihop.com claims their new Ultimate Steakburgers are "un-burgerin"-believable". On June 11, the company announced they've changed their name to IHOB for burgers. Among the burgers now available are Big Brunch , Cowboy BBQ , Mushroom Swiss, Jalapeno Kick and Mega Monster . (more...)
Trump arrives in Singapore ahead of historic North Korea summit Trump arrives in Singapore ahead of historic North Korea summit
- June 11, 2018

As Trump was trying to build a bridge with Kim, he was smashing longtime alliances with Western allies, withdrawing from the G7 joint communique, escalating a trade fight and launching blistering criticism against Canadian Prime Minister Justin Trudeau following the summit in Quebec on the weekend. (more...)
Poundworld on brink of collapse as last-ditch talks fail
- June 11, 2018

Poundworld has collapsed into administration, putting more than 5,000 jobs at risk, following the failure of rescue talks over the weekend. Deloitte said there are no redundancies or store closures now and has been working alongside the company in a bid to keep it afloat. (more...)
Bitcoin Tumbles Most in Two Weeks Amid South Korea Hack Bitcoin Tumbles Most in Two Weeks Amid South Korea Hack
- June 11, 2018

Tron, which is one of cryptocurrencies hacked this time, dropped 16.12 percent to 52 won. Coinrail did not specify the value of the currency that was taken in the attack at the weekend but said it was working with authorities and other coin developers to track down the culprits. (more...)
White House economic advisor says Justin Trudeau ‘stabbed us in the back’
- June 11, 2018

Trump and then tries to stab him in the back on the way out the door". He said USA representatives will examine the tariffs on automobiles coming into the country and bemoaned the Canadian tariffs that affect American companies and farmers. (more...)
Robert De Niro Gets Bleeped Saying 'F*** Trump' at 2018 Tony Awards Robert De Niro Gets Bleeped Saying 'F*** Trump' at 2018 Tony Awards
- June 11, 2018

De Niro's Tony Awards appearance came just days after he spoke to high school students at the Jimmy and Rosemary Breslin Writer Awards, where he described Trump as a "congenital liar" and a "mean-spirited, soulless, amoral, abusive con-artist son of a b-h". (more...)
Tyson Foods Recalls Frozen Chicken for Possible Plastic Contamination Tyson Foods Recalls Frozen Chicken for Possible Plastic Contamination
- June 11, 2018

This incident comes nearly exactly a year after the USDA announced Tyson had recalled nearly 2.5 million pounds of chicken produced at its New Holland, Pennsylvania site. FSIS routinely conducts recall effectiveness checks to verify recalling firms notify their customers of the recall and that steps are taken to make certain that the product is no longer available to consumers. (more...)
Trudeau said nothing at G7 he hasn't told Trump in person: office Trudeau said nothing at G7 he hasn't told Trump in person: office
- June 10, 2018

The pair have been at odds over whether a sunset clause would be included into any renegotiated trade agreement covering the US, Canada and Mexico , with Mr Trudeau insisting no sunset clause would be included and Mr Trump saying hours earlier that negotiators were "pretty close on the sunset provision". (more...)
Oil Prices dip on fall in China demand Oil Prices dip on fall in China demand
- June 10, 2018

On the New York Mercantile Exchange, West Texas Intermediate (WTI) futures were trading down 0.4 percent at $65.69 a barrel, according to Wall Street Journal. Gold was little changed at US$1,302.70 per ounce, while silver declined 0.4 percent to US$16.74 per ounce and copper rose 0.8 percent to US$3.30 per pound, its highest price this year. (more...)
Petrol, diesel prices see biggest dip in 10 days Petrol, diesel prices see biggest dip in 10 days
- June 10, 2018

According to data available on Indian Oil 's website, petrol and diesel prices have fallen by 24 paise per litre and 18 paise per litre respectively in Delhi , Kolkata . In the 16 consecutive increases since dynamic pricing system was resumed on May 14, petrol price was hiked by Rs 3.8 per litre and diesel by Rs 3.38. (more...)
Global FDI flows fell sharply in 2017: UNCTAD Global FDI flows fell sharply in 2017: UNCTAD
- June 10, 2018

Saudi reforms launched two years ago aim to boost FDI to $18.7 billion by 2020, in order to create jobs - unemployment among Saudi citizens is almost 13 percent - and help diversify the economy beyond oil exports. The investment downturn in 2017 also partly reflected a decline in the global average rate of return on foreign investment, which fell to 6.7 percent from 7 percent. (more...)
Quebec ticket takes Friday night’s $60M Lotto Max jackpot Quebec ticket takes Friday night’s $60M Lotto Max jackpot
- June 10, 2018

Another $1 million ticket has been sold in Sudbury. Two tickets sold on Vancouver Island have won $500,000 from Lotto Max's MAXMILLIONS June 8th draw . Another lucky lotto victor in the Thunder Bay area is $500,000 richer following last week's Maxmillions draw. After going unclaimed last Friday, Lotto Max carried forward their massive jackpot. (more...)
Kia recalls over 500K vehicles; air bags may not inflate Kia recalls over 500K vehicles; air bags may not inflate
- June 10, 2018

Kia spokesperson James Bell said the company is hoping to get a fix ready "by the scheduled owner notification date of July 27 [th]". The two Korean automakers have now recalled almost 1.1 million US vehicles to address the issue. The company said it does not yet have a fix, but is working with its supplier on the issue. Officials are also looking into whether vehicles made by other manufacturers might be affected. (more...)
Victoria officially has the lowest unemployment rate in Canada
- June 10, 2018

The monthly data dump from the national agency said employment for core-aged men and women between 25 to 54 decreased by 19,000 in May but increased for those aged 55 and older. "The May employment report was a bit of [a] stinker, but stepping back shows a labour market that is pretty tight, with some upward wage pressure", Kavcic said. (more...)
UK Softens IPO Rules as It Targets Saudi Aramco Share Sale UK Softens IPO Rules as It Targets Saudi Aramco Share Sale
- June 10, 2018

While the FCA did not explicitly mention Saudi Aramco - which plans to raise $100bn (£75bn) by selling a 5% stake - the step is an important one in London's efforts to attract the listing ahead of rivals NY and Hong Kong. The Investment Association, which represents big shareholders, said it was disappointed by the lack of a requirement for independent votes on the changes made. (more...)
Trump pulls out of joint G7 statement, calls Trudeau 'weak' Trump pulls out of joint G7 statement, calls Trudeau 'weak'
- June 10, 2018

Donald Trump has left the G7 network of global cooperation in disarray after he pulled the U.S. out of a previously agreed summit communique, blaming the Canadian prime minister Justin Trudeau whom he derided as "dishonest and weak". He said he had suggested to the other G7 leaders that all trade barriers, including tariffs and subsidies, be eliminated. But in a tweet after flying out of Canada, the United States president showed he was in no mood to back down in any trade dispute. (more...)

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