Business


Wetherspoon replaces French champagne with English wine in run-up to Brexit Wetherspoon replaces French champagne with English wine in run-up to Brexit
- June 13, 2018

Swedish cider Kopparberg makes it past the cull, due to the company's decision to make its cider in United Kingdom after Brexit . Tim Martin , who founded Wetherspoons and campaigned for Brexit, said the chain was "starting to make the transition to non-EU trade" ahead of Britain's expected exit date of 29 March 2019. (more...)
Trump declares an end to the North Korean nuclear threat Trump declares an end to the North Korean nuclear threat
- June 13, 2018

Secretary of State Mike Pompeo said he expects North Korea to take the major steps toward nuclear disarmament during Donald Trump's first term, as the US president tweeted that there's "no longer a Nuclear Threat from North Korea". We fly in bombers from Guam. Critics of Trump's opening to North Korea fear that Kim is playing to the ego of a gullible U.S. president yearning to look presidenty in order to drive a wedge between South Korea and the United States. (more...)
Fed Raises Rates and Signals Faster Pace in Coming Years Fed Raises Rates and Signals Faster Pace in Coming Years
- June 13, 2018

Fed officials expect to raise interest rates at least once more in 2018 and had been split on a possible fourth hike in their last meeting. After two rate hikes in 2018, investors are focusing on the Fed's updated projections for increases during its remaining meetings for the year. (more...)
Michael Reagan: Peter Navarro Should Apologize to Justin Trudeau Michael Reagan: Peter Navarro Should Apologize to Justin Trudeau
- June 13, 2018

Canada is facing penalties of 25 per cent on Canadian steel and 10 per cent on aluminum, but Ries says there's still hope no tariffs will be imposed. Trump skipped the end of the G7 summit on Saturday and was in the air en route to his historic nuclear summit with North Korea's Kim Jong Un when Trudeau dubbed the national security justification " insulting ". (more...)
Oil prices drop as supplies increase
- June 13, 2018

Brent futures for August settlement declined as much as 62 cents to $75.26 on the London-based ICE Futures Europe exchange, after sliding 0.8 percent on Tuesday. " Saudi Arabia and Russian Federation have already started to lift production", he said. Dutch bank ING, however, said some OPEC members would "struggle to push production back to October 2016 levels". (more...)
Dixons Carphone finds data breach and over a million records accessed Dixons Carphone finds data breach and over a million records accessed
- June 13, 2018

Thankfully, the cards with chip and pin protection make up the vast majority of the cards so they should be more protected from exploitation in this breach, however, the firm did say that 105,000 non-EU issued cards were also leaked and their owners have been notified so they can take measures to protect themselves. (more...)
Toyota to buy $1-billion stake in Grab Toyota to buy $1-billion stake in Grab
- June 13, 2018

The carmaker first invested an undisclosed amount in Grab in August previous year, after it invested in US-based Uber in 2016 in a partnership for a financing programme that allowed Uber drivers to lease vehicles from Toyota and drive for Uber to cover the payments. (more...)
Don't Step on Louboutin's Red-Soled Shoes, EU Court Says Don't Step on Louboutin's Red-Soled Shoes, EU Court Says
- June 13, 2018

The French company said the shoes infringed the Louboutin trade mark and was granted a temporary injunction against the Dutch high street staple. "This case will now be referred back to The Hague Court, which is expected to confirm the validity of the red sole trademark", it added. (more...)
Uber driver who kicked out two kissing women has license suspended Uber driver who kicked out two kissing women has license suspended
- June 13, 2018

The women initially thought the man was joking, but once they realized he wasn't they began recording the incident. "I would be nervous I think to kiss Emma again in an Uber", Iovine said. Elbotari said the couple were acting crude in his cab. "I didn't feel comfortable with them", he told the newspaper, adding that he asked the couple to stop kissing. (more...)
Mercedes recalls cars over emission Mercedes recalls cars over emission "shutdown devices"
- June 13, 2018

The Mercedes-Benz star is displayed on the front of a Mercedes-Benz vehicle at the annual news conference of German auto giant Daimler AG in Stuttgart, southwestern Germany, on February 1, 2018. Similar to Volkswagen's dieselgate scandal , it means these cars produce increased emission of harmful nitrogen oxides in the hands of customers compared to when they're tested for type approval by regulators. (more...)
Court allows AT&T purchase of Time Warner Court allows AT&T purchase of Time Warner
- June 13, 2018

Shares of AT&T fell about 1.3 per cent in after-hours trade following the decision, while Time Warner rose more than 5 per cent. Comcast was down 3 per cent. First floated in October 2016 , the deal also brought fire from then-candidate Donald Trump , who promised to kill it "because it's too much concentration of power in the hands of too few". (more...)
Canada Responds After White House Says Trudeau 'Stabbed Us In The Back' Canada Responds After White House Says Trudeau 'Stabbed Us In The Back'
- June 12, 2018

In a series of angry tweets, Trump called Trudeau "very dishonest and weak " and said the United States won't be taken advantage of. "We must put the American worker first!" he later wrote. Merkel also said the European Union would "act" against the USA trade measures. Canada hosted this summit for EU, France, Italy, Germany, Japan, United Kingdom and USA. (more...)
Oil mixed as OPEC cites uncertain market outlook for 2018
- June 12, 2018

The oil markets were mixed on Monday, with US crude firmer while Brent inched down, as comments from the Iraqi oil minister cast doubt as to whether the Organization of the Petroleum Exporting Countries would decide to boost output at its upcoming meeting. (more...)
Tesla lays off roughly nine percent of workforce Tesla lays off roughly nine percent of workforce
- June 12, 2018

Tesla started 2018 with about about 37,000 employees globally and has hired thousands of employees since then. Tesla has been burning cash nearly continuously since it was founded 15 years ago. The company said the firings involved non-manufacturing positions and were unrelated to production delays involving the Model 3. Following the announcement, Electrek has now learned of a round of layoffs currently ongoing at Tesla , which could see as much as 9% of the workforce leave the ... (more...)
Tesla accelerated, didn't brake before fatal crash
- June 12, 2018

When the SUV moved to the left, it entered a triangular "gore area" that is marked with white lines and divides the freeway lanes from an exit ramp. As per the vehicle's programming, the Tesla provided two visual alerts and one auditory alert for the driver to place his hands on the steering wheel prior to the crash. (more...)
Uber and Lyft scooters are coming soon to San Francisco streets Uber and Lyft scooters are coming soon to San Francisco streets
- June 12, 2018

In that sense, this move makes sense for Uber - and will put it right up against its archrival Lyft in a burgeoning new market. In the first six months there will 1,250 scooters on the streets and, if deemed successful, the number could be doubled for the rest of the year. (more...)
Uber launches Uber Lite, a 5MB app for India Uber launches Uber Lite, a 5MB app for India
- June 12, 2018

Uber Lite has been made available in Jaipur, Hyderabad, and Delhi for now. Uber also plans to expand this app to more countries later this year. Uber says the Lite version of the app will work on any Android phone and on any network, as well as taking up the equivalent of three selfies in space. (more...)
Ethereum Classic Spikes 25% on Coinbase Listing News Ethereum Classic Spikes 25% on Coinbase Listing News
- June 12, 2018

Ethereum Classic is the cryptocurrency that was the result of a hard fork of the Ethereum network in July 2016. While the Ethereum blockchain rolled back the mistake and attempted to rectify the damage done, Ethereum Classic proponents argued that to preserve the immutability of the blockchain, the stolen funds must be left alone. (more...)
Trump’s vow to end military drills with Seoul stuns a region
- June 12, 2018

U.S. Secretary of State Mike Pompeo has spoken with his Japanese and South Korean counterparts after President Donald Trump's summit with North Korean leader Kim Jong Un . "What I did say, it's very provocative, when you see that and you have a country next door". The comments could fundamentally change the way the United States, whose alliance with Seoul was forged after a 1950 surprise attack by the North started the Korean War, operates in South Korea. (more...)
Domino's Pizza delivering pothole repairs to a town near you Domino's Pizza delivering pothole repairs to a town near you
- June 12, 2018

Domino's Pizza (now just Domino's) started here in MI in the 1960s, when the state was the center of the automotive universe. "We know that feeling is heightened when you're bringing home a carryout order from your local Domino's store", Russell Weiner, president of Domino's U.S., said in a statement. (more...)
Illegal Defeat Devices Discovered In Daimler Vehicles
- June 12, 2018

According to the authorities, the cars use an illegal shut-off device that reduces exhaust gas cleaning when the vehicles are being driven normally on the road. Mercedes is facing fresh scrutiny over its cars' emissions, after the German Federal Motor Transport Agency, or KBA, ordered parent company Daimler to recall 238,000 vehicles in Germany. (more...)
Trump, Kim agree to repatriating US military remains Trump, Kim agree to repatriating US military remains
- June 12, 2018

Trump said he's certain that his warlike rhetoric a year ago against North Korean leader Kim Jong-un convinced Mr. Kim to negotiate over giving up his nuclear weapons. We will be there together with North Korea along the way", Moon said in a statement. "Well, I think without the rhetoric, we wouldn't have been here", Trump said of the summit. (more...)
What have Trump and Kim signed up to in historic meeting? What have Trump and Kim signed up to in historic meeting?
- June 12, 2018

This is it? This is, well, pathetic given that the USA president was personally involved. The stagecraft was highly choreographed, but the results of the talks are still unknown: Both mercurial men entered the summit claiming to support "denuclearization of the Korean peninsula", but neither has defined what that means, or what it will take to get there. (more...)
Twitter CEO Jack Dorsey sparks backlash over eating Chick-fil-A Twitter CEO Jack Dorsey sparks backlash over eating Chick-fil-A
- June 12, 2018

Numerous others weighed in to show their support for the restaurant and for Dorsey's right to tweet about it if he wished. Dorsey was also attacked by Patreon engineer Erica Joy, who replied, "Please delete this or follow up with how much free advertising you're going to give GLAAD". (more...)
Uber patent could detect how drunk you are when ordering a ride
- June 12, 2018

But a patent application from the ride-hailing giant reveals plans for a system that identifies intoxicated customers when they request a ride. With the technology, Uber could better tailor its ride options for customers. on a Saturday would likely be considered not sober. According to Uber, knowing whether a rider is drunk or exhausted could help prevent issues with a trip. (more...)
Daimler ordered to recall over 200,000 diesel cars
- June 12, 2018

The main offenders in this case are diesel-powered versions of the Mercedes-Benz C-Class sedan, GLC SUV as well as Vito commercial vehicle. Dieter Zetsche, Daimler CEO, will meet Germany's transport minister Andreas Scheuer today to discuss the problem and what should be done next. (more...)
CBI Requests Interpol For Notice To Aid Nirav Modi's Extradition, Arrest CBI Requests Interpol For Notice To Aid Nirav Modi's Extradition, Arrest
- June 12, 2018

The 47-year-old has been on the run since the scandal broke in February, rocking India's corporate world. The agency has written to the Interpol to issue the notice which would mean that the member countries of the Lyon-based worldwide police cooperation agency can arrest and extradite Nirav Modi who fled the country in the first week of January, weeks before the bank filed a complaint with the CBI. (more...)
Maharashtra court frames charges against Rahul Gandhi in defamation case Maharashtra court frames charges against Rahul Gandhi in defamation case
- June 12, 2018

Rahul also alleged that the Modi government has ignored the interests of farmers but has helped a small group of industrialists by waiving loans amounting to almost Rs 2.5 lakh crore. The Congress Prez then drew parallels between India and the U.S. and cited the example of fast food firms such as Coca-Cola and McDonald's . "He would mix sugar in water. (more...)
Tesla's Autopilot to get 'full self-driving feature' Tesla's Autopilot to get 'full self-driving feature'
- June 12, 2018

The new Tesla Roadster could come with not one or two but "10 small rocket thrusters" for "top speed" company CEO Elon Musk said via his Twitter account. Tesla did not immediately respond when asked if those features would be included in the August update. Missy Cummings, the director of Duke University's Humans and Autonomy Lab, said Musk's self-driving statement was an "attempt to generate hype" and that his assertion of a focus on safety was "laughable". (more...)
Trump reportedly changes departure time from summit with North Korea Trump reportedly changes departure time from summit with North Korea
- June 12, 2018

There was no word on how Trump was spending the night before the summit. This is just an elaborate get-to-know-you session, albeit between the two most famous leaders in the world, and nuclear armed at that. The White House said Trump will leave Singapore 15 hours ahead of schedule , flying back to Washington on Tuesday night instead of Wednesday morning. (more...)

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