Business


John McCain funeral: Senator laid to rest at US Naval Academy John McCain funeral: Senator laid to rest at US Naval Academy
- September 03, 2018

People in the room clapped and social media erupted. The most notorious of these battles was McCain's stunning thumbs-down on Trump's attempt to repeal and replace Obamacare, a move which effectively torpedoed the bill. and belief in the country as an unwavering symbol of good in the world. " Washington Mourned John McCain ". They remained friends throughout their time in the academy, after, and even following McCain's five years as a prisoner of war in Vietnam. (more...)
Coca-Cola CEO on Costa Coffee acquisition Coca-Cola CEO on Costa Coffee acquisition
- September 03, 2018

Coca-Cola plans to use its existing global infrastructure to expand Costa's business lines, which include retail outlets, vending machines and coffee for use at home. For instance, Nestle and Starbucks agreed to a $7.2 billion global coffee alliance. Costa is a strong consumer proposition, it's got a scalable coffee platform to engage with consumers across multiple formats and channels . (more...)
Petrol, Diesel Prices Hit All-Time High. Check Rates Here Petrol, Diesel Prices Hit All-Time High. Check Rates Here
- September 03, 2018

Petrol prices shot up by over 30 paise on Monday. Prices in the capital city are Rs 79.15 for petrol and 71.15 for diesel. Earlier the fuel prices were revised on 1st and 16th of every month, however starting from mid-June a year ago oil companies dumped the practice and instead the fuel prices are now being revised every morning and come in effect from 6 am. (more...)
Air India worldwide flight: Drunken man peed on woman passenger’s seat Air India worldwide flight: Drunken man peed on woman passenger’s seat
- September 03, 2018

The Delhi Police has filed an FIR against Air India's head of operations Captain Arvind Kathpalia and aviation regulator DGCA's Joint Director General Lalit Gupta for alleged violation of aircraft rules, an official said on Friday. "Please look into urgently (sic)". "Very unfortunate that your mother had to go through this harrowing experience", Mr. Sinha tweeted. "We strongly condemn the incident perpetrated by a passenger on our flight AI 102 of August 30 (JFK to Delhi). (more...)
This Working Bugatti Chiron Is Built Out Of Lego Technic This Working Bugatti Chiron Is Built Out Of Lego Technic
- September 03, 2018

The Technic Bugatti Chiron makes use of 339 distinct Technic components including some new types of transparent Technic bricks. LEGO adds: "We were even more excited when Bugatti's official test driver and former Le Mans victor, Andy Wallace, agreed to test drive the Technic version of the Chiron on its first drive". (more...)
Papa John's Board Rips Into Papa John in New Open Letter Papa John's Board Rips Into Papa John in New Open Letter
- September 03, 2018

Amid its fight with founder John Schnatter, Papa John's worldwide now must answer to a shareholder's lawsuit, which asserts that the company did not take adequate action to stop "a pattern of sexual harassment and other inappropriate workplace conduct" by executives. (more...)
JD.com CEO arrested in US over sexual misconduct allegations JD.com CEO arrested in US over sexual misconduct allegations
- September 03, 2018

Chuck Laszewski, a spokesman for the Hennepin County attorney's office, said it was unusual for a detainee to be released so quickly after a Friday night arrest, especially before a holiday weekend. Longwei Xu, a property developer, was later found guilty of seven counts. But he tried to get an Australian court to prevent the release of his name in connection with the case by citing potential damage to his marriage and business, court documents show. (more...)
California Lawmakers Vote for Net Neutrality California Lawmakers Vote for Net Neutrality
- September 03, 2018

Net neutrality activists cited their legislative victory Friday as a validation of their congressional strategy: to pressure vulnerable federal lawmakers who are running for reelection this year to endorse stronger net neutrality rules at a national level. (more...)
Trump jokes Sarah Huckabee Sanders having Trump jokes Sarah Huckabee Sanders having "a nervous breakdown"
- September 03, 2018

The White House lowered its flag to half-staff immediately after the Senator's death, but it was back to full-staff on Monday morning. Trump also refused to say if he believed McCain would have been a better president than President Barack Obama. (more...)
Canadian Natural acquires Joslyn oil sands project for $225M
- September 03, 2018

On the surface, it seems as the higher the 50-day moving average goes, the more bullish the market is (and the lower it goes, the more bearish). If the markets make a firm price movement, then the strength of that movement depends on the volume for that period. (more...)
Energy sector weighs on Toronto stock market, while US stocks edge higher Energy sector weighs on Toronto stock market, while US stocks edge higher
- September 03, 2018

President Donald Trump . "Canadian Foreign Minister Chrystia Freeland rejoined NAFTA talks on Tuesday, a day after the USA and Mexico announced they had struck a bilateral trade deal. The S&P 500 and the Dow Jones Industrial Average were largely flat on Friday hit by concerns about ongoing trade talks between the United States and other major economies, but gains in Apple and Amazon lifted the Nasdaq. (more...)
BlackRock voted to replace Tesla's Musk with independent board chair BlackRock voted to replace Tesla's Musk with independent board chair
- September 03, 2018

The latest comes by way of the Wall Street Journal , which sets the scene with a cheery anecdote about the one time Musk (purportedly) head-butted a vehicle to refute that the company's assembly line needed to be stopped for safety. Musk's tweet is now the subject of an inquiry by securities regulators. "It is better to make many decisions per unit time with a slightly higher error rate, than few with a slightly lower error rate", he said last weekend in a series of emails with The Wall ... (more...)
Chicago Board Options Exchange Plans To Launch Ethereum Futures
- September 03, 2018

It is reported by Business Insider with a reference to its own sources . We must expect this listing to affect the entire crypto space since the listing of bitcoin futures a year ago, did not just make bitcoin to attain it's highest value of $20089, but also led to increase in the price of other crypto coins and crypto tokens. (more...)
Tencent loses $20bln in value after China fights myopia with gaming curbs Tencent loses $20bln in value after China fights myopia with gaming curbs
- September 02, 2018

Shares of Chinese video game companies plunged after the government unveiled plans to control the number of online games as part of an effort to prevent myopia among children. Another report by a health research institution under Peking University showed more than 70 percent of high school and college students were nearsighted, warning China may be short of labor with qualified eyesight in sectors like aerospace, sophisticated manufacturing and the military in the future if myopia ... (more...)
Uber is Developing Its Own Electric Scooter Tech Uber is Developing Its Own Electric Scooter Tech
- September 02, 2018

Uber is apparently stepping up its focus on electric scooters for "last-mile" transportation , developing the controversial vehicles in-house to compete with smaller startups such as Bird and Scoot. As part of the program, the city will allow only 2,500 scooters on the streets at once. A woman riding a motorized scooter in San Francisco's Washington Square Park. (more...)
Ford Kills Focus Crossover from China Due to Trump Tariffs Ford Kills Focus Crossover from China Due to Trump Tariffs
- September 02, 2018

The Focus Active would've been a more off-road-looking version of the Focus - think lots of plastic cladding - built in China and imported to the U.S. Ford has said that with regards to Ninety p.c of the vehicles it sells by 2020 shall be SUVs, trucks or industrial vehicles. "All of that imported content could be subject to tariffs as well". (more...)
Detailed Brexit talks on Irish border backstop Detailed Brexit talks on Irish border backstop
- September 02, 2018

Michel Barnier told a press conference in Brussels there will be no agreement unless an operational "backstop" arrangement for the Irish border can be agreed. US Dollar to Pound Exchange Rate Forecast: Will US Income Data Enable USD/GBP Exchange Rate Rise? "Barnier's comments are more nuanced and that has prompted a slight positioning switch towards sterling rather than a broader fundamental change towards the currency's outlook", said Neil Mellor, a senior currency strategist at BNY ... (more...)
Proposed SSE retail and Npower merger passes first hurdle Proposed SSE retail and Npower merger passes first hurdle
- September 02, 2018

Despite concerns that the merger will narrow choice for consumers, the CMA points out that there are now over 70 providers in the United Kingdom energy market, with levels of switching at their highest in a decade. It pointed to the existence of more than 70 energy providers in the United Kingdom market. The CMA will take evidence on the provisional decision until September 20 before coming to a final view along with relevant regulatory bodies. (more...)
Australia’s New Leader, Indonesia Strike Free-Trade Pact Australia’s New Leader, Indonesia Strike Free-Trade Pact
- September 02, 2018

This is building up capabilities within economies. "It is about using Australia's strengths to build in Indonesia but at the same time provide opportunities for Indonesia to tap into what's happening in Australia", Mr Morrison said. "We [Indonesia] chose to open our education sector to foreign investment". Foreign investors are now barred from majority ownership in an Indonesian university. (more...)
Amazon closes in on $1 trillion Amazon closes in on $1 trillion
- September 02, 2018

EDT. To reach the $1 trillion valuation - a feat which Apple accomplished earlier this month, becoming the first company ever to do so - Amazon's stock needs to reach $2,050.27. He predicts the company's high-profit margin businesses such as Amazon Web Services cloud computing, subscriptions and advertising will generate almost 45 billion dollars in profit by 2020 from an estimated 25 billion dollars this year. (more...)
Japan's Panasonic to move European headquarters to Amsterdam in October: Nikkei Japan's Panasonic to move European headquarters to Amsterdam in October: Nikkei
- September 02, 2018

It is the latest multinational firm to pull jobs and operations out of the United Kingdom, amid growing concern over the Government's protracted negotiations and possible no-deal scenario. The announcement of Panasonic's headquarters move comes just days after the head of Japan's biggest business lobbyist said that Japanese businesses are "seriously concerned" about their future in the United Kingdom if Brexit uncertainty is not addressed imminently. (more...)
Australias TPG Telecom, Vodafone unite to take on rivals Australias TPG Telecom, Vodafone unite to take on rivals
- September 02, 2018

The new company will be listed on the Australian Securities Exchange and have combined revenues of more than £3.4 billion. Nick Read, the group finance chief of Vodafone who will become chief executive in October, said: 'This transaction accelerates Vodafone's converged communications strategy in Australia and is consistent with our proactive approach to enhance the value of our portfolio of businesses. (more...)
Trump warns Canada 'will be out' of trade deal unless it's 'fair'
- September 02, 2018

Foreign Affairs Minister Chrystia Freeland has said she remains optimistic that a deal can be reached. "With good will and flexibility on all sides, a win-win-win outcome is achievable". USA officials say the negotiations will continue next week in an effort to reach an agreement. Neither U.S. nor Canadian negotiators are talking publicly about the issues that divide them. (more...)
London Crossrail opening delayed until autumn 2019 London Crossrail opening delayed until autumn 2019
- September 02, 2018

Council bosses have called for the Elizabeth Line to go past Abbey Wood, through Bexley and out to Dartford and Ebbsfleet, claiming it would be a critical piece of infrastructure. News has just emerged that Crossrail's opening has been put back by nine months. Crossrail, due to launch in December 2018, will not open until autumn 2019, it has been announced. (more...)
After Bitcoin Futures, CBOE Announces Ether Futures By End of 2018 After Bitcoin Futures, CBOE Announces Ether Futures By End of 2018
- September 02, 2018

Tom Lee believes that the introduction of Ether futures trading will have opposing effects on the price trajectories of the top two cryptocurrencies. We must expect this listing to affect the entire crypto space since the listing of bitcoin futures previous year, did not just make bitcoin to attain it's highest value of $20089, but also led to increase in the price of other crypto coins and crypto tokens. (more...)
Uber narrows search for global city to host Uber narrows search for global city to host "flying taxi" service
- September 02, 2018

Whoever is selected to be Uber's first global location will likely see a flying taxi service in place within the next five years, The Verge said. Uber will now consult relevant stakeholders and the governments of the shortlisted countries and make a final decision in the next six months. (more...)
Argentina’s currency plunges after its central bank hikes rates to 60% Argentina’s currency plunges after its central bank hikes rates to 60%
- September 02, 2018

The more than 7% fall in the Peso was its biggest one-day decline since the currency was allowed to float in 2015, prompting central bank interventions and investor concern that the third-largest Latin American economy may not meet its debt obligations.It closed at a record low of 34.10 Pesos per USA dollar and is down more than 45.3% against the greenback this year , prompting massive central bank interventions. (more...)
Trump cancels pay raise due to civilian federal employees in January Trump cancels pay raise due to civilian federal employees in January
- September 02, 2018

Trump's position...is a routine move at this point in the budget process because no decision has been made regarding a pay raise for federal employees come January 2019. David Cox Sr. said in a statement . It would be the first pay freeze for civilian federal workers since 2011 to 2013, when President Barack Obama instituted a three-year pay freeze as the nation recovered from the recession. (more...)
KFC Will Pay Someone $11,000 to Name Their Baby After Colonel Sanders KFC Will Pay Someone $11,000 to Name Their Baby After Colonel Sanders
- September 01, 2018

The restaurant chain says any child born September 9 with the name Harland is eligible to receive $11,000 toward the newborn's college tuition. KFC has launched a new promotion aimed at soon-to-be mommies. Why $11,000? The figure is supposed to honor the 11 herbs and spices that go into KFC's fried chicken recipe. " We hope that this birthday celebration honors the Colonel and encourages the next generation of people aspiring to live the American dream ". (more...)
Google has been secretly tracking your offline purchases with help from Mastercard Google has been secretly tracking your offline purchases with help from Mastercard
- September 01, 2018

The report stated that chief of Google's advertising division, Sridhar Ramaswamy, first introduced the product in a blog post but made no mention of its deal with Mastercard in it. The encryption technology Google is referencing enables the tracking of data and connecting it to a user's profile, but then sharing that data anonymously with advertisers and Google. (more...)

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