Business


Amazon to open 'four-star' store in NY Amazon to open 'four-star' store in NY
- September 29, 2018

So far, the average rating of all the products in the store is a 4.4. All products are items sold on Amazon that customers have rated four stars and above, are top sellers, or are new and trending. There are several features that make the store similar to Amazon's website, like customer reviews and product bundles. "There are some areas where customers have told us they really appreciate the opportunity to have a physical place where they can really play with our products and interact with ... (more...)
New bank launches with market-leading savings rate - Savings New bank launches with market-leading savings rate - Savings
- September 29, 2018

Accounts are available to United Kingdom residents over 18 and money can be withdrawn or deposited at any time. "By moving from some of the lowest paying accounts with the likes of HSBC, to a top-paying account such as the new account from Marcus, you can get up to 10 times more interest in a year". (more...)
Toowoomba Will Be Home to One of the Two QANTAS Pilot Academies Toowoomba Will Be Home to One of the Two QANTAS Pilot Academies
- September 29, 2018

Today's announcement by CEO Alan Joyce is the first of two regional locations for training under the pilot academy plan, chosen from a shortlist of nine locations, including Alice Springs, Dubbo, Launceston and Tamworth. A new hangar, classroom facilities and student accommodation will be built to house the school. "Qantas has a well-earned reputation of having some of the world's best pilots". (more...)
McDonald’s says classic burgers no longer have artificial ingredients McDonald’s says classic burgers no longer have artificial ingredients
- September 29, 2018

When you order a Big Mac , you know exactly what you're getting- not one but two beef patties, " special sauce ", lettuce, cheese, pickles, and onions, served in a sesame seed bun. "Customers are becoming more demanding around really knowing what's in their food", Chris Kempczinski, president of McDonald's USA business, said during a conference call Wednesday. (more...)
Disney To Offer Cruises Out Of New Orleans Disney To Offer Cruises Out Of New Orleans
- September 29, 2018

In early 2020, Disney Cruise Line will offer families even more ways to explore the world together with the addition of a brand-new home port in New Orleans and a highly anticipated return to the Hawaiian Islands. The Disney Fantasy will be sailing 7-night Eastern and Western Caribbean itineraries. She will embark on a series of 4- and 5-night Bahamian sailings, as well as 5-night Western Caribbean sailings. (more...)
Boeing awarded $9.2 billion contract to build new Air Force trainer Boeing awarded $9.2 billion contract to build new Air Force trainer
- September 29, 2018

The Boeing T-X, designed and developed with Saab, will provide two models of aircraft for the program, which seeks to replace the decades-old Northrop T-38 Talon. Air Force. The T-38 replacement program has been under development for 15 years now. "This new aircraft will provide the advanced training capabilities we need to increase the lethality and effectiveness of future Air Force pilots", Secretary of the Air Force Heather A. (more...)
Italian banks lead European shares lower after government budget deal
- September 29, 2018

The budget agreed on Thursday night means that Italy will not break those rules - but it will renege on a promise the country made to Brussels to curb its borrowing. Yields move inversely to price, with a higher yield reflecting an increased premium to hold the bond. "The U.S. dollar remains a metaphorical rock in a sea of troubles", said Karl Schamotta, director of global product and market strategy at Cambridge Global Payments in Toronto. (more...)
Oil prices drop, Brent moves further away from 4-year high Oil prices drop, Brent moves further away from 4-year high
- September 28, 2018

The US President has repeatedly blamed OPEC for high oil prices, to which the organization replied that it has no power to control crude prices. He called on other nations not to rely on OPEC, lamenting the dependence Germany has on Russian Federation. (more...)
Elon Musk Turned Down an SEC Settlement Elon Musk Turned Down an SEC Settlement
- September 28, 2018

He also appeared to clear up questions from his followers by replying to their tweets . The federal agency is accusing the Tesla CEO of misleading investors when he tweeted last month he planned to take the electric-car maker private . But they were still informal talks that didn't justify Musk tweeting a week later that funding had been secured for a buyout at $420 per share. Musk clearly thinks Tesla can not run without him. (more...)
Trump accuses China of election meddling Trump accuses China of election meddling
- September 28, 2018

US President Donald Trump participates in a United Nations Security Council briefing on counterproliferation at the United Nations General Assembly. This is not a bad thing, Mr. Xi said, as China will have to rely on itself in the end. Trump opened Tuesday's speech by boasting about an American economy that he says is "booming like never before". (more...)
Facebook reveals security flaw affecting 50 million users Facebook reveals security flaw affecting 50 million users
- September 28, 2018

Facebook says it has taken steps to fix the security problem and alerted law enforcement. Facebook says 50 million user accounts have been affected by a security breach. " Access tokens are the equivalent of digital keys that keep people logged in to Facebook so they don't need to re-enter their password every time they use the app", Facebook said. (more...)
Hacker to live-stream attack on Zuckerberg's Facebook page Hacker to live-stream attack on Zuckerberg's Facebook page
- September 28, 2018

The stream will go live on Sunday at 6 p.m. local time in Taiwan, which is 3 a.m.in San Francisco where Facebook is headquartered. "Scheduled to go live". Like all major corporations in Silicon Valley, Facebook also runs a bug-bounty program, where it rewards hackers to discreetly expose bugs in the platform. (more...)
Google Confirms Existence Of Project Dragonfly Google Confirms Existence Of Project Dragonfly
- September 28, 2018

Google CEO Sundar Pichai is also heading to Washington, DC amid "concerns about privacy, suspicion about his company's relationship with China " and a reported "censored Search" engine for the country. Those rules forced companies that operate in that region to revise their data privacy policies. The 28-nation European Union put in strict new rules this spring that require companies to justify why they're collecting and using personal data gleaned from phones, apps and visited websites . (more...)
Elon Musk rejected settlement offer
- September 28, 2018

It has been a whirlwind 19 hours for the electric vehicle maker - with the SEC filing suit against the 47-year-old entrepreneur, accusing him of misleading shareholders by tweeting last month that he had "funding secured" for a $420-a-share take-private offer. (more...)
Trudeau disputes Trump's claims that Canada requested meeting with president Trudeau disputes Trump's claims that Canada requested meeting with president
- September 28, 2018

In his remarks Wednesday, Trump also said the Americans did not like Canada's trade representative very much - a comment that appeared to be directed at Foreign Affairs Minister Chrystia Freeland. Separately, a well-placed Canadian source said there were no immediate plans for any more talks with the United States. A Trump administration official said the text of the agreement with Mexico was set to be published on Friday. (more...)
MSCI considers upping China A-share weighting to 20% MSCI considers upping China A-share weighting to 20%
- September 28, 2018

MSCI is also proposing to add China A Mid Cap securities with a 20% inclusion factor as part of the May 2020 Semi-Annual Index review. That benchmark "is created to track the progressive partial inclusion of A shares in the MSCI Emerging Markets Index over time", according to New York-based KraneShares. (more...)
Ryanair refuses to compensate 30000 passengers hit by strike Ryanair refuses to compensate 30000 passengers hit by strike
- September 28, 2018

Ryanair says it "sincerely regrets these unnecessary customer disruptions", which it blames on agitation from competitor airlines. Unions have demanded that only flight attendants who aid passengers with special needs and those legally required on flights more than six hours be made to attend work on September 28. (more...)
UAE raises benchmark rate by 25 basis points following Fed increase UAE raises benchmark rate by 25 basis points following Fed increase
- September 28, 2018

Mr Powell and other economists say the economy is strong enough now that such stimulus is no longer necessary. The Fed sees the economy's long-run growth at a 1.8 percent annual rate - far below the Trump administration's projections for a sustained rate of 3 percent . (more...)
SEC sue Musk for fraud, seek to remove him from Tesla
- September 28, 2018

The SEC sent subpoenas to Tesla in August after the sometimes erratic Musk sent a series of tweets Aug. 7 saying he was considering taking the company private at $420 USA per share. "Musk made his false and misleading public statements about taking Tesla private using his mobile phone in the middle of the active trading day", the SEC said in the complaint. (more...)
Passenger ran after Ryanair plane shouting at pilot to wait for him Passenger ran after Ryanair plane shouting at pilot to wait for him
- September 28, 2018

A Dublin Airport spokeswoman said the man was arrested by airport police . Kehoe was quickly tackled by airport officials, but a ground crew worker told BBC that he "just ran from the building towards the plane" and was evidently "quite determined" to make his flight - even reportedly carrying a suitcase under his arm. (more...)
Price of oil could reach $100/barrel by late 2018 or early 2019
- September 28, 2018

He called on other nations not to rely on OPEC, lamenting the dependence Germany has on Russian Federation. It could cause Washington to take extraordinary steps, including the use of the Strategic Petroleum Reserve, to cool down the crude oil and other fuel prices ahead of the US mid-term elections. (more...)
Tesla Builds Its Own Car Carriers to Keep Up With Demand Tesla Builds Its Own Car Carriers to Keep Up With Demand
- September 28, 2018

Elon Musk said Tesla was experiencing ' delivery logistics hell' as it tries to deliver all of the new Model 3's rolling off the assembly line at its Fremont, California factory. The coming week is incredibly intense. He had previously said that some Tesla customers would have to wait longer to get a response from customer service due to a significant increase in vehicle deliveries. (more...)
Tesla Model 3 Gets Five-Star Safety Rating From NHTSA In All Categories Tesla Model 3 Gets Five-Star Safety Rating From NHTSA In All Categories
- September 27, 2018

The National Highway Traffic Safety Administration (NHTSA) has launched its crash test results for the Tesla Model 3 , giving the electric sedan a five-star safety rating in each of the tested category. The rear-wheel-drive version of the vehicle got top grades for both the front and side impact protection. The Model 3 also underwent side pole testing created to mimic the outcome of a Model 3 crashing into a fixed object like a sturdy tree. (more...)
World Bank report warns Gaza Strip economy is in ‘free fall World Bank report warns Gaza Strip economy is in ‘free fall
- September 27, 2018

It also called for urgent action by Israel and the global community to avoid "immediate collapse". It said unemployment is now over 50 percent - and over 70 percent among Gaza's youth. At least 187 Palestinians have been killed since then, most in protests and clashes near the frontier. Gaza's economic situation is likely to deteriorate further because of failed attempts to negotiate an easing of the blockade. (more...)
Ryanair cancel 190 flights in latest strike action Ryanair cancel 190 flights in latest strike action
- September 27, 2018

Ryanair staff have been seeking higher wages and an end to the practice of working as independent contractors without the benefits of staff employees. Ryanair cancelled hundreds of flights a year ago due to problems with pilot scheduling, and strikes led to more cancellations this summer. The Irish low-priced carrier has also submitted a competition complaint to the European Commission, calling for 'an investigation of the anti-competitive behaviour of certain competitor airline crew, unions ... (more...)
World’s two largest economies diverge as China shuns US Fed move World’s two largest economies diverge as China shuns US Fed move
- September 27, 2018

President Donald Trump has argued publicly against higher rates, complaining that they would blunt his efforts to boost growth through tax cuts and deregulation. Since the Fed's last meeting, job creation and GDP numbers have shown robust health, wages have risen and inflation has firmed, while measures of industrial activity and the housing market are among the few that have softened. (more...)
USA says Canada not making concessions needed for NAFTA deal USA says Canada not making concessions needed for NAFTA deal
- September 27, 2018

Kenneth Smith Ramos said there had been "progress" on some key issues between the United States and Canada and that "we're simply hopeful that whatever gaps can be resolved in the next days, if not weeks". Trump also said he gave Trudeau the cold shoulder "because his tariffs are too high and he doesn't seem to want to move - and I told him, 'Forget about it'". (more...)
ABC chair resigns over Australian political interference claims ABC chair resigns over Australian political interference claims
- September 27, 2018

As Marcus Strom, president of the Media Entertainment and Arts Alliance, told ABC News , the staff deserve better and are sick of being treated like "political footballs". He says he never demanded anyone be sacked because the government didn't like their reporting, but maintains he was entitled to intervene in editorial issues. (more...)
Don't post crisp packets, Royal Mail begs anti-plastic protesters Don't post crisp packets, Royal Mail begs anti-plastic protesters
- September 27, 2018

In the case of Walkers crisps , the packaging can't be recycled, and activists have taken to posting the empty packets back to the manufacturer. However, Royal Mail has now stepped in as post without envelopes have to be sorted by hand rather than machine - causing delays. (more...)
Donald Trump accuses China of meddling in the U.S. midterm elections
- September 27, 2018

He was particularly vocal on China and President Xi Jinping. The leaders' spontaneous response to Trump's address only reinforced the American president's isolation among allies and foes alike, as his nationalistic policies have created rifts with erstwhile partners and cast doubt in some circles about the reliability of American commitments around the world. (more...)

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