Business


Homebase takes axe to 303 support centre jobs Homebase takes axe to 303 support centre jobs
- July 01, 2018

The support centre will now only need staff to serve the Homebase brand. The chief executive of Homebase, Damian McGloughlin said: "We have not taken this decision lightly but decisive action is required to start rebuilding Homebase's position in the United Kingdom market". (more...)
Restaurant manager fired after refusing to serve customer wearing MAGA hat Restaurant manager fired after refusing to serve customer wearing MAGA hat
- July 01, 2018

But Hodge told Global News that he made no mistake, and that he would make the same choice if given another chance. According to The Hill newspaper, the restaurant was hit with a barrage of negative reviews on Yelp. The company called Hodge a "good person with a big heart and a right to his personal beliefs", but said the reason he was sacked was because he'd violated the company's "philosophy of tolerance". (more...)
Bitcoin skids below $6,000, hits lowest level since November Bitcoin skids below $6,000, hits lowest level since November
- July 01, 2018

The other cryptocurrencies which include Ethereum , Ripple , etc. have also witnessed a slid on Friday. Today's corrective rally of bitcoin , Ether, and the rest of the crypto market can be mainly attributed to the recovery of the daily trading volume of major cryptocurrencies . (more...)
MARKET ANALYSIS: Hong Kong Stocks At 7-month Low MARKET ANALYSIS: Hong Kong Stocks At 7-month Low
- July 01, 2018

Billionaire George Soros and Chinese investment firm Hillhouse Capital were among investors that placed orders for Xiaomi IPO shares, people with knowledge of the matter said earlier. Xiaomi had attracted cornerstone investments from Qualcomm Inc. and China Mobile Ltd for the deal, which was seeking to become the world's biggest IPO in almost two years based on the top end of the range. (more...)
New Jersey Governor Rejects Budget Deal Amid Looming Gov't Shutdown New Jersey Governor Rejects Budget Deal Amid Looming Gov't Shutdown
- July 01, 2018

In a shutdown, state parks and beaches , including Liberty State Park and Island Beach State Park, would close like in the past. Christie said, "That's the way it goes. There will be no broad sales tax increase as part of the deal, though that tax will be levied on e-cigarettes and lodgings like Airbnb. The clash over raising taxes got heated at times, with Murphy and Sweeney comparing one another to Republican Chris Christie, who left office this year. (more...)
China shuns US request for talks on airline website dispute over Taiwan China shuns US request for talks on airline website dispute over Taiwan
- July 01, 2018

China's government defended its trade record as a benefit to the world in a new effort Thursday to defuse US and European pressure over market access and technology policy. Foreign companies also complain that they face a range of other challenges operating in China, such as inconsistent application of regulations and favoritism toward domestic companies. (more...)
Woolworths is handing out free plastic bags again Woolworths is handing out free plastic bags again
- July 01, 2018

According to The Australian , in just nine days since the ban by Woolworths was implemented, more than 50 million plastic bags were taken out of circulation. There have been some reports of customers abusing staff over the bag ban, but Woolworths say the majority have been fine with the change. Woolworths has overturned its single-use plastic bags ban, after complaints from frustrated customers proved too much for the supermarket giant, News Corp reported. (more...)
Chevrolet Volt cuts charging times nearly in half Chevrolet Volt cuts charging times nearly in half
- July 01, 2018

The range of the 2019 Volt remains at 420 miles, including up to 53 miles of pure EV range that equals 106 MPGe, or gasoline equivalent. The new 7.2 kilowatt charging system reduces the charging time from roughly 4.5 hours to 2.3 hours with a 240-volt outlet, GM said Thursday. (more...)
Trump urges Saudis to raise oil output 'by two million barrels' Trump urges Saudis to raise oil output 'by two million barrels'
- July 01, 2018

However, the price action on Friday suggests that buyers are still coming in and aggressively willing to chase this market higher. Despite ambiguous phrasing, Trump appears to believe that King Salman "agreed" to the increase in production. (more...)
Oil prices spike 13% in just one week Oil prices spike 13% in just one week
- July 01, 2018

Brent, the global benchmark for the price of oil, was trading near $78 per barrel on Thursday. Kirill Dmitriev, the CEO of the Russian Direct Investment Fund, said this week the coordination with Saudi Arabia, the de facto leader of OPEC, meant Russia was demonstrating a lead role in energy markets. (more...)
Walgreens reports 15.5 percent rise in quarterly profit Walgreens reports 15.5 percent rise in quarterly profit
- July 01, 2018

With this stock price's latest movement, it is now -19.12% away from its 1-year high and 3.27% higher than its 1-year low price. A security with high volatility has bigger fluctuations in price compared to a security with low volatility . (more...)
Expect large crowds at the airport on Friday Expect large crowds at the airport on Friday
- June 30, 2018

The busiest day since TSA was created in 2001 screened 2.7 million travelers . All totaled, the TSA expects to screen 28.3 million people between June 28 and July 9, based on ticket sale data. But he assured everyone that TSA agents are prepared for the increase. To help with the high number of passengers this weekend, Delta is using a new laser technology, assisting pilots in parking aircraft as they approach the gate. (more...)
Toyota says Kentucky-made Camry price could increase $1,800 with Trump tariffs Toyota says Kentucky-made Camry price could increase $1,800 with Trump tariffs
- June 30, 2018

The counter-tariff list, which goes into effect Sunday , was created in response to U.S President Donald Trump's decision to impose tariffs on Canadian steel aluminum. It's very likely that will pick up, since Canada says it will impose retaliatory tariffs on the US on July 1. Bilous acknowledged that both sides get hurt by tariffs but said countermeasures are a necessary step. (more...)
How Risky is Your Stock?: Bed Bath & Beyond Inc. (BBBY)
- June 30, 2018

A total volume of 11.08 million shares were traded unusually versus to average volume of 4.94 million shares. BBBY maintained activity of relative volume at 2.99. In a conference call, Steven Temares, Bed Bath & Beyond CEO, noted that the company is rolling out "next-generation" stores, including remodels created to increase productivity, while it also works to optimize core assortments and reduce corporate inventory. (more...)
OPEC Plan to Raise Production Left No Room for Supply Disruptions OPEC Plan to Raise Production Left No Room for Supply Disruptions
- June 30, 2018

Those reserves will shrink as the group implements the one million-barrel-a-day supply boost pledged in Vienna last week . Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit markets after OPEC agreed to raise production and as USA equity markets slipped on trade war fears. (more...)
Trump claims Saudi Arabia will boost oil production
- June 30, 2018

The gulf state's statement did not include any details or confirmations regarding the president's request. Bloomberg reported earlier this week that state oil company Saudi Aramco was preparing to increase production in July to about 10.8 million barrels a day after pressure from Trump. (more...)
Trump asks Saudi Arabia to increase oil production
- June 30, 2018

The statement, however, did not mention any intention by Saudi Arabia, the world's top oil exporter, to raise production to 2 million barrels per day. Saudi Arabia, meanwhile, is planning to pump as much as 11 million barrels per day (bpd) of oil this month, about 1 million more than it is producing now, an industry source told Reuters this week. (more...)
BA owner sets up Austrian Level base BA owner sets up Austrian Level base
- June 30, 2018

Over the following four weeks, IAG says it will establish flights to Barcelona , Malaga, Venice, Olbia, Ibiza, Paris Charles de Gaulle, Milan Malpensa, Dubrovnik, Larnaca, Alicante, Valencia and Bilbao. "We are launching this new short-haul subsidiary to provide Austrian consumers with more flight choices across Europe", said Willie Walsh, IAG's chief executive officer. (more...)
Crumpet making at Burnley Warburtons stopped over Carbon dioxide shortage Crumpet making at Burnley Warburtons stopped over Carbon dioxide shortage
- June 30, 2018

Bakers Warburton's, the country's largest crumpet producer, have halted production at two of their four plants, while supplies of the gas are running low at the other sites. Trade journal Gas World said the shortage had been described as the "worst supply situation to hit the European carbon dioxide (CO2) business in decades". (more...)
Adidas data-security breach could involve Adidas data-security breach could involve "a few million customers"
- June 30, 2018

Adidas said it is alerting affected customers. However, if you've purchased products from the Adidas US websites there's a chance your contact details have been leaked and Adidas will be contacting you. The sportswear maker said personal data, including contact information (addresses and email addresses), and encrypted passwords may have fallen into the hands of criminals, but was able to reassure customers that neither financial nor fitness information was at risk. (more...)
Toys R Us closing its last stores Toys R Us closing its last stores
- June 30, 2018

After declaring bankruptcy in September, the chain in March sought a bankruptcy court's approval to start closing its 735 us stores , with severance payments coming to a halt during the liquidation. Jacob Rabon IV tweeted two of the photos with the caption: 'I can't believe childhood is cancelled'. Scott Fishman tweeted at Triple H saying: "Please sign Geoffrey the Giraffe to NXT or the WWE main roster". (more...)
Report Outlines How Facebook and Google Manipulate Users Into Sacrificing Privacy Report Outlines How Facebook and Google Manipulate Users Into Sacrificing Privacy
- June 30, 2018

It picked Facebook , Google , and Microsoft for the study as they are some of the world's largest digital service-providers. " Dark patterns " are designs and user interfaces that are specifically crafted to trick users into buying, signing up, or taking some other action they did not intend to. (more...)
Delta passenger kicked off flight over argument about phone’s ‘airplane mode’ Delta passenger kicked off flight over argument about phone’s ‘airplane mode’
- June 30, 2018

In a post on Instagram , Robyn Rodgers of NY said she was "unfairly ejected" from Delta Flight 4527 after an attendant asked her to turn her phone on airplane mode. At one point, a man's voice can be heard coming to Rodgers' defense. 'I held up my phone to show her that airplane mode was on. We all know the standard rules during a flight: put on your seatbelt, turn off your electronics until you're in the safe 10,000 feet zone, keep your phone on airplane mode, etc. (more...)
GM may slash American jobs because of Trump tariffs
- June 30, 2018

President Donald Trump, who directed his administration to investigate whether auto imports weaken national security, has threatened to slap European vehicle imports with a 20% tariff. "The overbroad and steep application of import tariffs on our trading partners risks isolating USA businesses like GM from the global market that helps to preserve and grow our strength here at home", GM said. (more...)
Govt finishing study of tariffs on vehicles from EU Govt finishing study of tariffs on vehicles from EU
- June 30, 2018

But in an attack on Mr Trump's plans, AGA warned the "greatest threat to the USA automotive industry is the possibility the administration will impose duties on imports". Members of the Association added that imposing tariffs would also result in the loss of auto jobs. "We are already in the midst of an intense global race to lead on electrification and automation. (more...)
Australian Central Bank is not Planning to Issue its Own Cryptocurrency Australian Central Bank is not Planning to Issue its Own Cryptocurrency
- June 29, 2018

The RBA's head of payments policy, however, acknowledged that, while there are many risks with cryptocurrencies and blockchain technology, they are "fascinating developments" when it comes to payments and economics. "What we have seen, is that countries with less developed financial infrastructure are more prone to disruption", Richards said. "Nine years after its launch and about five years since it entered the public consciousness, bitcoin continues to have structural flaws that make ... (more...)
CO2 shortage: Tesco-owned Booker restricts beer sales CO2 shortage: Tesco-owned Booker restricts beer sales
- June 29, 2018

It has reportedly been forced to limit purchases to 10 cases of beer or soft drinks and five cases of cider per customer. In a company statement issued Monday, the soft drinks manufacturer sought to reassure consumers that so far the shortfall had not affected overall supplies. (more...)
'Shaky presumption' that all Swiss bank deposits tax evaded: Arun Jaitley 'Shaky presumption' that all Swiss bank deposits tax evaded: Arun Jaitley
- June 29, 2018

CNN-News18 (formerly known as CNN-IBN) has been the world's window to India and India's window to the world. The increase in deposits by the Indians come as a shock given India's continuing efforts on clamping black money stashed money stashed overseas, including in banks of Switzerland that are known for their famed secrecy walls for years. (more...)
Boeing releases rendering of hypersonic jet Boeing releases rendering of hypersonic jet
- June 29, 2018

Boeing debuted the concept in Atlanta this week at the American Institute of Aeronautics and Astronautics conference. The corporation has joined forces with hypersonic specialists to study a passenger aircraft that would have capacity to cross the Atlantic in just two hours, or the Pacific in three, according to the trade publication. (more...)
Tariff cuts: India says China needs to prune import barriers Tariff cuts: India says China needs to prune import barriers
- June 29, 2018

But the rally fizzled in Asian trading, driving MSCI's ex-Japan Asian equity index nearly one percent lower to a fresh two-year low. LONDON, June 27 (Reuters) - A 2 percent slide in Chinese equities on Wednesday and a fresh weakening in the yuan highlighted mounting stress on the world's number two economy from trade tensions with the United States, while global stocks slipped to approach two-month lows. (more...)

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