Business


Donald Trump to nominate OMB official to lead consumer watchdog Donald Trump to nominate OMB official to lead consumer watchdog
- June 19, 2018

Kraninger is an associate from the Office of Management and Budget and has held staff positions with both the House and Senate appropriations committees. Board chair Ann Badour said , "Firing the current CAB members is another move indicating Acting Director Mick Mulvaney is only interested in obtaining views from his inner circle, and has no interest in hearing the perspectives of those who work with struggling American families". (more...)
Actress Posts Video of Hubby's Tesla on Fire 'Out of the Blue' Actress Posts Video of Hubby's Tesla on Fire 'Out of the Blue'
- June 18, 2018

Responding to queries on Twitter , McCormack said the Tesla wasn't equipped with Autopilot and that her husband was " barely moving in traffic " at the time. Indeed, the fact that Teslas run on electricity rather than flammable gasoline in itself helps to reduce the risk of fire. He was then able to pull over, stop the vehicle and get out safely. (more...)
American Airlines Cancels PSA Flights Out of Charlotte Through Monday at Noon American Airlines Cancels PSA Flights Out of Charlotte Through Monday at Noon
- June 18, 2018

Officials said at least 70 flights were canceled Sunday night, and that flights will resume around noon on Monday. "PSA Airlines, an American Airlines regional carrier, experienced a technical issue that has caused them to cancel their flights for the remainder of the evening. (more...)
Google Just Made a Huge Investment in JD.com. Here's Why Google Just Made a Huge Investment in JD.com. Here's Why
- June 18, 2018

Google has invested $550m (£415m) in Chinese Amazon rival JD.com as the U.S. search giant attempts to extend its presence in Asian markets. Google is also thought to benefit from JD.com's initiatives into voice-powered shopping. The strategic partnership deal with China's second-biggest online retailer will see the two companies work together in order to boost JD.com's online platforms across South East Asia and beyond. (more...)
CYBG, Virgin Money join forces to take on Britain's biggest banks
- June 18, 2018

A man checks his phone as he walks past a branch of Virgin Money in Manchester, Britain September 21, 2017. Clydesdale, previously owned by National Australia Bank, on Monday announced it had agreed with Virgin to an all-scrip merger, in a deal that values Virgin at £1.7 billion ($3 billion). (more...)
Audi chief Rupert Stadler arrested in diesel emissions probe
- June 18, 2018

Munich prosecutors searched Stadler's private residence last week in their investigation of suspected fraud and indirect improprieties with documents. German news agency dpa reported that prosecutors made a decision to seek Stadler's arrest due to fears he might try to evade justice. The United States filed criminal charges against former VW CEO Martin Winterkorn in May, but he is unlikely to face USA authorities because Germany does not extradite its nationals to countries outside the ... (more...)
Audi CEO Rupert Stadler arrested over emissions scandal Audi CEO Rupert Stadler arrested over emissions scandal
- June 18, 2018

The Munich prosecutor's office is reportedly working towards the investigation of 19 other suspects, identities of whom haven't been disclosed, yet. Prosecutors pushed for Stadler's arrest over fears that he might try to evade justice, dpa reported. VW admitted in September 2015 to using illegal software to cheat U.S. (more...)
Some genetically modified wheat found in Alberta, should not impact trade: CFIA Some genetically modified wheat found in Alberta, should not impact trade: CFIA
- June 18, 2018

The organization at that point narrowed down the manufacturer for the plant to be Monsanto, the agrochemical and biotechnology titan. "A less isolated GM wheat contamination incident could be devastating to Canadian farmers and the future of our wheat exports", Thibault Rehn of the Quebec network Vigilance OGM, "We can't afford to be careless with GM crops because it's hard or impossible to reverse contamination once it occurs". (more...)
Tesco 13-week LFL Sales Up 1.8% Tesco 13-week LFL Sales Up 1.8%
- June 18, 2018

Tesco has delivered its tenth consecutive quarter of sales growth, boosted by its recent acquisition of wholesaler Booker. However, Sainsbury's' proposed 7.3 billion pounds takeover of Walmart's Asda would push Tesco down into second place, posing a serious threat to the group. (more...)
McDonald’s United Kingdom are sacking the plastic straw McDonald’s United Kingdom are sacking the plastic straw
- June 18, 2018

Before the end of 2019, all locations in both the United Kingdom and Ireland will have facilities that will recycle paper straws. The company says it will begin transitioning to paper straws at all of its locations in the United Kingdom and Ireland in September. (more...)
Musk`s company to build airport express system for Chicago Musk`s company to build airport express system for Chicago
- June 17, 2018

Musk and his company will raise the funds for the project and will not cost taxpayers a single penny, the mayor underlined. Elon Musk addresses reporters, alongside Chicago Mayor Rahm Emanuel , about his proposal to build a high-speed underground commuter system from Chicago's downtown Loop district to O'Hare International Airport, in Chicago , Illinois, US, June 14, 2018. (more...)
Canada Goose soars after posting a surprise profit (GOOS) Canada Goose soars after posting a surprise profit (GOOS)
- June 17, 2018

Franklin Resources Inc. now owns 556,900 shares of the company's stock worth $17,596,000 after buying an additional 96,700 shares during the period. Two Sigma Investments LP acquired a new stake in Canada Goose during the fourth quarter worth about $2,200,000. (more...)
McDonald’s to switch to paper straws in U.K., Ireland McDonald’s to switch to paper straws in U.K., Ireland
- June 17, 2018

What is upskirting and what is the new law against it after Gina Martin campaign? Single use plastics like straws and other disposable waste are incredibly harmful to wildlife like fish and turtles as they often end up dumped in the ocean. (more...)
DiDi Chuxing exuberant over Express Service launching in Melbourne on 25 June DiDi Chuxing exuberant over Express Service launching in Melbourne on 25 June
- June 17, 2018

DiDi will operate in Australia through its wholly owned local subsidiary and on top of that, continuous feedback from both drivers and passengers in Melbourne and Geelong will help Didi shape its product offerings and user experiences for the future. (more...)
Royal Mail BANS posties from displaying England flag on rounds Royal Mail BANS posties from displaying England flag on rounds
- June 17, 2018

Other flags flying among the mass of England St George's Crosses include those of Colombia and Poland. Post offices will be able to fly the flag, but there will not be any flags, stickers or "insignia" on Royal Mail vehicles, over fears it could cause a distraction. (more...)
Ex-White House Chief Sees Promise In Bitcoin Ex-White House Chief Sees Promise In Bitcoin
- June 17, 2018

So, within his interview Bannon remains pretty level with regards to cryptocurrencies , but he really does want to start exploring ICO territory, no doubt in order to explore and latch on to new investment opportunities. But he has expressed an interest in helping entrepreneurs and even countries looking to create their own cryptocurrencies - generally outside the United States. (more...)
Canada, US, Mexico agree to continue NAFTA talks Canada, US, Mexico agree to continue NAFTA talks
- June 17, 2018

Trudeau has said Canada will not be "pushed around" by the USA and that it was "insulting" that Trump would call for new tariffs as a national security issue. United States officials had already made clear time was running out to secure a deal the current Congress could vote on. During her meeting with Lighthizer, Freeland said she underlined Canada's concerns over what she calls the "illegal" national-security consideration. (more...)
BHP Board Approves $2.9 Bln In Capital Expenditure For South Flank Project BHP Board Approves $2.9 Bln In Capital Expenditure For South Flank Project
- June 16, 2018

BHP's local minerals president, Mike Henry, said the South Flank project would prove capital efficient and offer attractive returns. "The South Flank development works will help to ensure that the mining Area C precinct becomes one of the largest standalone iron ore processing centres in the world, and it is our privilege to again be working with BHP to deliver high-quality assets of long-term value", Mr Wright said. (more...)
China State Media Condemn US Imposition Of Tariffs, Leave Room For Negotiation China State Media Condemn US Imposition Of Tariffs, Leave Room For Negotiation
- June 16, 2018

Trump's tariffs did gain some support from an unlikely source, U.S. Senate Democratic leader Charles Schumer, who called them " right on target ". Friday's list of goods on which China is to impose tariffs is longer than an initial list of 106 published on April 4, but their total value remains unchanged, at $50 billion. (more...)
Jaguar Land Rover launches vehicle subscriptions service Jaguar Land Rover launches vehicle subscriptions service
- June 16, 2018

Potential buyers include retail customers, senior executives in cash for auto schemes or executives in small businesses. Carpe is offered by InMotion, JLR's mobility services arm. While all prices quoted are for buyers subscribing without a deposit, putting money down up-front will lower your monthly payments. The cost of an all-inclusive unlimited motoring package under the Carpe scheme starts from £910 per month for a standard specification Jaguar E-PACE through to £2,200 per month for a ... (more...)
Euro craters, dollar soars, as European Central Bank holds off on rate hikes Euro craters, dollar soars, as European Central Bank holds off on rate hikes
- June 16, 2018

Share prices extended their slide across the globe in U.S. afternoon trading on Friday after U.S. President Donald Trump announced new tariffs on Chinese goods, while oil prices plummeted 3 percent over signs that supply may soon rise. The euro is down 2.44% versus the dollar this year. "Against the background of uncertainties in the world today - such as trade - this makes sense, as does the emphasis on data dependency", Stefan Kreuzkamp, chief investment officer at Deutsche Asset Management, ... (more...)
Simply Be owner N Brown could shut all 20 of its stores Simply Be owner N Brown could shut all 20 of its stores
- June 16, 2018

Around 75% of the company's revenue is now generated online, while its stores only generated 2% of group revenue and posted a combined loss of £3m. Group revenue in the first quarter edged up 0.4%, despite a 2.8% fall in product revenue, as ladieswear declined by 4.2% and menswear by 3.2%. (more...)
Qantas Airbus A380 'nosedives' after wake turbulence from another A380 Qantas Airbus A380 'nosedives' after wake turbulence from another A380
- June 16, 2018

Australia's air-safety authority said that it reviewed Qantas report on the incident and will not open an investigation. The mid-air dip was believed to have been caused by the " wake turbulence " created by QF12, on the LA to Sydney route. (more...)
'No good reason' why fuel retailers refuse to drop prices 'No good reason' why fuel retailers refuse to drop prices
- June 16, 2018

The supermarket chain has lowered the price of unleaded by up to 3p a litre, meaning drivers will pay no more than £1.25 per litre at Asda's 318 filling stations. The latter has been credited with raising the oil price since historic lows in early 2016. "Motorists really felt the impact of rising prices in May, when the cost of filling up apetrol family auto jumped by around £3.30 in a single month. (more...)
China's CK Infrastructure bids A$12.98 billion for Australian gas pipeline firm China's CK Infrastructure bids A$12.98 billion for Australian gas pipeline firm
- June 16, 2018

This represented a 33% premium to APA's previous closing price. CKI has already entered gas and power market in Australia , owning several units, and purchasing DUET Group previous year for AU$7.4bn (US$5.62bn). The competition watchdog said on Wednesday it would take about 12 weeks to review the deal after receiving more information. Although the bid is preliminary, CK Infrastructure has already addressed potential competition concerns on the part of the Australian Competition and ... (more...)
Washington unemployment rate at 4.7 percent
- June 16, 2018

Australian central bank officials say strong forward indicators are likely to herald a renewed upswing in hiring and expect the jobless rate to fall toward 5 percent, a level that traditionally spurs wage growth. Participation rate decreased by 0.2 pts to 65.5%. The private sector grew by 3.1 percent, up an estimated 85,100 jobs, and the public sector increased by 0.8 percent, adding 5,000 jobs. (more...)
UK housing market still weak despite sign of more sellers: RICS UK housing market still weak despite sign of more sellers: RICS
- June 16, 2018

Buyer enquiries fell last month, but the decline was modest compared to the start of the year. While the flow of homes coming onto the market has slightly increased, the number of homes on estate agents' books remains close to an all-time low at just 42. (more...)
IEA: Iran, Venezuela Oil Production Could Drop 30 Percent IEA: Iran, Venezuela Oil Production Could Drop 30 Percent
- June 16, 2018

Because the cuts have gone deeper than intended, overall supply from the group would still be about 1 million barrels a day below the pre-cuts levels even after the 1.8 million-barrel quota increase, the person said. "Any increase should be limited to the production allocation in the agreement, which is valid to the end of 2018". Gasoline demand has remained strong, rising to an estimated 9.9 million bpd as of last week, according to US Energy Department data. (more...)
Indian-American Dhivya Suryadevara named CFO of General Motors Indian-American Dhivya Suryadevara named CFO of General Motors
- June 16, 2018

Stevens, 58, has been CFO at the largest US automaker since January 2014 and will retire in March as a more than 40-year veteran of the company. GM President Dan Ammann was appointed CFO at 38 in 2011 . "Dhivya's experience and leadership in several key roles throughout our financial operations positions her well to build on the strong business results we've delivered over the last several years", Barra said in a statement . (more...)
4,600 jobs to be cut at Rolls-Royce | Central 4,600 jobs to be cut at Rolls-Royce | Central
- June 16, 2018

Rolls is also clamping down on discretionary spending to help rein in costs this year as it seeks to deliver on financial targets amid spiralling expenses from durability issues afflicting the Trent 1000 engine that powers the 787 Dreamliner. (more...)

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