Business


Passenger dies after falling from plane onto runway at Turkish airport
- May 30, 2018

Following his fall he was taken to a nearby hospital where he was found to have broken ribs and died without regaining consciousness. Mr Westlake's Facebook profile reveals that he formerly worked at glass manufacturer Clayton Glass, while pictures show him smiling and holding a young baby. (more...)
Pipeline fight continues, federal decision does not reduce spill risk: Horgan Pipeline fight continues, federal decision does not reduce spill risk: Horgan
- May 30, 2018

Before deciding on taking the Canadian unit public, Houston-based Kinder Morgan ran a dual-track process that also entailed exploring a joint venture of the pipeline project. Horgan said the federal government's decision was "motivated by a private company, who gave a deadline - not to me, and not to the people of British Columbia - but to someone they characterized as stakeholders". (more...)
Singapore Airlines announces world's longest flight route
- May 30, 2018

Qantas has said it is considering buying the Airbus A350-900ULR so it can fly non-stop from Sydney to London from 2022 - a route which would trump Singapore-New York for length and would be welcomed by business travellers. Singapore Airlines Ltd has set the date for restarting its nonstop service to NY. The first A350-900ULR is due for delivery in September, with all seven due for delivery by the end of the year. (more...)
The Danger That Italy's Political Crisis Poses for the Global Economy
- May 30, 2018

The most recent nominee for prime minister failed to secure support from the country's major political parties. Italy's political turmoil has stoked fears of instability in the euro bloc, causing stocks to fall in Asia on Wednesday after turbulent sessions in the USA and Europe . (more...)
Space tourism one step closer as Virgin Galactic completes second test flight Space tourism one step closer as Virgin Galactic completes second test flight
- May 30, 2018

Eastern from the Mojave Air and Space Port in California. Today's test followed up on April's first powered flight for the SpaceShipTwo craft . Unity was piloted by Dave Mackay and Mark "Forger" Stucky, while C.J. This mechanism is a point of sensitivity for Virgin Galactic, as the premature deployment of its tail booms led to a fatal test flight in 2014. We are getting ever closer to realizing our goals. (more...)
Superannuation shakeup could make you $400,000 better off Superannuation shakeup could make you $400,000 better off
- May 30, 2018

The Productivity Commission found that more than a quarter of the 74 funds offeringMySuper product failed to meet benchmark performance returns. He noted, however, that the Commission's proposal might not be workable, given it would be hard to choose the "best 10" products when performance can be cyclical, and funds must also be measured on their fee structures and life insurance arrangements. (more...)
Political turbulence spooks global financial markets Political turbulence spooks global financial markets
- May 30, 2018

The worry is that new elections will be called , elections that could be a vote on whether to stay in the European Union. Short-term Italian borrowing costs saw their biggest daily jump in 26 years, making it costlier for Italy to borrow. (more...)
Sir Martin Sorrell resurfaces with plans to lead shell Derriston Capital PLC
- May 30, 2018

Sorrell is reportedly poised to be unveiled as chief executive of Derriston Capital tomorrow (May 30) according to sources quoted in the piece which also claimed that the UK-based investment firm will acquire an entity called S4 Capital. Since his exit from WPP, Sorrell vowed he would not retire from the industry and said he wanted to "reinvent" the traditional model of advertising. (more...)
Video shows terrified passengers leaping from parked plane after bomb scare Video shows terrified passengers leaping from parked plane after bomb scare
- May 30, 2018

Footage shared in a WhatsApp group by Indonesian airport staff and posted online shows people pushing and crowding each other on the wing before jumping around 10ft onto the tarmac below, with some tumbling painfully onto the ground. Private carrier Lion Air removed another passenger for cracking a bomb joke on Monday from a flight that was to depart from Supadio International Airport, Pontianak, West Kalimantan bound for Soekarno - Hatta International Airport in Tangerang, Banten. (more...)
Asian markets, euro plunge with US and Europeans on Italy turmoil
- May 30, 2018

Italy - the eurozone's third largest economy - is in the midst of a power struggle between eurosceptic populists, who won elections in March, and pro-EU establishment politicians. South Korea's KOSPI and the Australian stock benchmark slipped 1.6 per cent and 0.7 per cent, respectively. Short-dated Italian bond yields - a sensitive gauge of political risk - soared 1.5 percentage points from Monday to their highest since 2013 in their biggest move in almost 26 years. (more...)
Petrol, diesel prices cut for the first time in 16 days Petrol, diesel prices cut for the first time in 16 days
- May 30, 2018

Over the 16-day period, petrol prices rose by nearly Rs 4 across the country while diesel rates went up by around Rs 3.3. The petrol prices have been cut down to 60 paise in Delhi and 59 paise in Mumbai while diesel price went down by 56 paise in Delhi and 59 paise in Mumbai. (more...)
Trump moving ahead with plan to slap tariffs on Chinese goods Trump moving ahead with plan to slap tariffs on Chinese goods
- May 30, 2018

What had sparked this fury? The White House issued a second statement listing the details of many complaints against China, including dumping of goods into the United States market at below market value, high tariffs and overcapacity - likely referring to steel and aluminum, which are subject to another set of harsh USA tariffs. (more...)
Track you: Digital license plates debut in California Track you: Digital license plates debut in California
- May 30, 2018

A DMV spokesman said the pilot program allows the agency to "evaluate the use of alternatives to stickers, tabs, license plates, and registration cards, subject to certain requirements". Along with Global Positioning System technology to help track down stolen cars, developers say the plates could also be used to help broadcast emergency alerts. (more...)
Champion cheese chaser hurtles to a record win Champion cheese chaser hurtles to a record win
- May 30, 2018

Anderson would not be tucking into his edible trophy, though as the 30-year-old soldier reportedly prefers the milder Cheddar Cheese to Double Gloucester. Nathan, who is known as Mangoes, from Melbourne said the race was "just unbelievable". Rebel cheese rollers have been staging their own unofficial event after health and safety concerns caused the official competition to be cancelled in 2010. (more...)
Tesla in Autopilot mode hits parked police SUV Tesla in Autopilot mode hits parked police SUV
- May 30, 2018

Cota says the Tesla driver suffered minor injuries. In early May, a Tesla driver in Utah told police she was using Autopilot and looking at her phone when her vehicle crashed into a fire department truck. Auto data taken after the crash showed that the driver, who suffered a broken ankle , did not touch the steering wheel for more than a minute before the crash. (more...)
After 130 years, De Beers will sell synthetic diamonds After 130 years, De Beers will sell synthetic diamonds
- May 30, 2018

The process creates particles that can eventually crystallize into diamonds in weeks. De Beers produced 33.5-million carats from its mines during 2017 and sold 32.5-million carats, realising revenue of $5.8bn, a drop of 4% compared with the previous year. (more...)
WHSmith in bottom spot for customer satisfaction
- May 30, 2018

The newsagent ranked bottom in a Which? survey of 10,000 shoppers covering 100 major retailers; it has been in the bottom two for eight years. WH Smith's poor performance comes after it faced a backlash for charging up to £7.99 for a tube of toothpaste in hospital shops. (more...)
Fife employees face anxious wait as Carphone Warehouse announce 92 store closures Fife employees face anxious wait as Carphone Warehouse announce 92 store closures
- May 30, 2018

Alex Baldock, chief executive said: "Right now, with our global business in good shape, we're focusing early action on the UK". In mobile, we're stabilising our performance through improvements to our proposition and network agreements. "We expect some cost increases in United Kingdom electricals, notably National Living Wage and IT depreciation, partially offset by gross margin recovery initiatives, including range optimisation, better availability and reduced levels of markdown". (more...)
Bombardier sells Air Baltic 30 CSeries jets for about $3.8 billion
- May 30, 2018

According to catalog prices the value of the first 30 planes would be an estimated 2.48 billion euros, and the price of the transaction would increase to 5.05 billion euros if airBaltic decides to buy 30 more CS300s. "As an early adopter of the C Series, we took a forward-looking decision on advanced technology to support our turnaround plan leading to sustainable profitability, and today we are benefiting from the most fuel-efficient small single-aircraft". (more...)
Home prices show no signs of slowing down: Case-Shiller Home prices show no signs of slowing down: Case-Shiller
- May 30, 2018

It's released as a three-month rolling average. Seattle continues to lead the nation's major cities in climbing home prices, a dubious honor that the metro area has held for 19 months. Chicago, posting a 2.8% increase, reported the lowest 12-month gain in the 20-city index. "Incredibly low inventory and high competition are helping to push prices up at a steady but - for now - largely sustainable clip". (more...)
Coca-Cola launches its first alcoholic drink, but will it succeed?
- May 30, 2018

They range in strength from 3 to 9 percent alcohol and are particularly popular with young drinkers, especially women. A 350-millilitre can will set you back ¥150 (RM5.45). In an interview on the Coca-Cola website from earlier this year, Jorge Garduño - the president of Coca-Cola's Japanese business unit said: "We're also going to experiment with a product in a category known in Japan as Chu-Hi". (more...)
CIBC Simplii Financial hack may have affected 40,000 customers CIBC Simplii Financial hack may have affected 40,000 customers
- May 30, 2018

The two banks released separate statement regarding the breach. The Bank of Montreal said hackers contacted the bank on Sunday claiming to be in possession of the personal information of fewer than 50,000 customers, however it did not elaborate on the type of data they accessed. (more...)
JAB buys majority stake in UK's Pret a Manger JAB buys majority stake in UK's Pret a Manger
- May 29, 2018

Bridgeport, the UK-based private equity firm, has sold off the high street chain to the German-controlled company JAB Holdings, which is behind Krispy Kreme doughnuts and Kenco coffee. Last year, Bridgepoint reportedly considered taking Pret to the stock markets through an initial public offering - but ultimately made a decision to sell the company outright. (more...)
Oil falls as OPEC, Russia look to raise output amid U.S. surge Oil falls as OPEC, Russia look to raise output amid U.S. surge
- May 29, 2018

The Brent price has fallen by almost 7 percent since hitting a 2014 high above $80 on May 22. Since a year ago, oil producing countries have cut back production in an attempt to offset dipping prices, withholding as much as 1.8 million barrels per day. (more...)
Plastic Pollution Crisis: Single-Use Straws May Be Banned Across Europe Plastic Pollution Crisis: Single-Use Straws May Be Banned Across Europe
- May 29, 2018

Plastic accumulating in the world's oceans has become a major policy issue for governments, with scientists warning of their effect on the food chain. "There is less information on where the production of multi-use plastics and, especially, non-plastic alternatives will come from but there could be future opportunities for European Union markets", the assessment said. (more...)

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