Business


Italian political uncertainty continues to weigh on the Euro Italian political uncertainty continues to weigh on the Euro
- May 31, 2018

As the end of its worst day since April 24 in terms of percentage, the Dow Jones index slipped almost 400 points, or 1.6%, depressed over political uncertainty in Italy and a new round of trade tensions between the U.S. The euro is set for its biggest monthly drop in over a year and a half, according to Thomson Reuters data. The currency continues to be dragged down by growing doubts that the Bank of England will raise rates this year, with financial markets now pricing in a mere ... (more...)
Theresa May told 'time is running out' by top European Union business leaders Theresa May told 'time is running out' by top European Union business leaders
- May 31, 2018

In a statement released after Wednesday's meeting, the ERT said: "We appreciate the prime minister's openness to ERT views and were able to express our own views and concerns". The companies represented by ERT members have combined revenues of more than €2.25trn (£1.97trn) and employ 6.8m people in Europe. And she emphasized her "strong view" that "time is running out for the UK" to strike a deal over Brexit. (more...)
United States tariffs: Steel and aluminium levies slapped on key allies United States tariffs: Steel and aluminium levies slapped on key allies
- May 31, 2018

Foreign Affairs Minister Chrystia Freeland, who pushed the steel and NAFTA issues during her meeting on Tuesday in Washington with US trade czar Robert Lighthizer, has also made it clear that Canada would retaliate if the duties are imposed. (more...)
Sorrell to return to London market tomorrow with Derriston as comeback vehicle Sorrell to return to London market tomorrow with Derriston as comeback vehicle
- May 31, 2018

One of Britain's best known businessmen, Sorrell said he would invest 40 million pounds ($53 million) of his own money into Derriston Capital (DERR.L) while institutional investors have pledged 150 million pounds to buy marketing companies. (more...)
Singapore Airlines (re)launches world's longest flight from Singapore to NY Singapore Airlines (re)launches world's longest flight from Singapore to NY
- May 31, 2018

Flights will cover a distance of about 16,700 kilometres, and travelling time will be up to 18 hours 45 minutes. SIA has always taken pride in pushing the boundaries to provide the best possible travel convenience for our customers, and we are pleased to be leading the way with these new non-stop flights using the latest-technology, ultra-long-range Airbus A350-900ULR. (more...)
Cryptocurrency addicts seek treatment at Scottish clinic Cryptocurrency addicts seek treatment at Scottish clinic
- May 31, 2018

People addicted to online Bitcoin trading are able to join an intensive programme at the clinic, with techniques similar to those used to treat gambling addiction . "The high risk, fluctuating cryptocurrency market appeals to the problem gambler", he said. Bitcoin , for example, was actively traded, making huge profits and losses. (more...)
Thameslink sorry over Poundland chocolate slur Thameslink sorry over Poundland chocolate slur
- May 31, 2018

It prompted the response from Thameslink: "Very sorry Kevin". Thameslink's parent company Govia Thameslink Railway (GTR) saw more than 450 of its trains either cancelled or at least half an hour late on Wednesday, representing 13% of total services. (more...)
What the Tech? New privacy policies What the Tech? New privacy policies
- May 31, 2018

The GDPR clarifies and strengthens existing individual privacy rights, such as the right to have one's data erased and the right to ask a company for a copy of one's data. Worse, they have to comply with multiple sets of legal requirements. Schrems said Facebook has even blocked accounts of users who have not given consent. (more...)
Passenger smoked on plane from SFO diverted in San Jose Passenger smoked on plane from SFO diverted in San Jose
- May 31, 2018

Flight 1250 departed San Francisco International Airport and was headed to Los Angeles International Airport when the pilot reported a "mechanical difficulty", said San Jose International Airport spokeswoman Rosemary Barnes. Southwest employees are arranging flights for the other 32 passengers who were on the flight, airline officials said. It was not immediately clear if anyone was hurt. (more...)
CBI books Air Asia CEO Tony Fernandes, others CBI books Air Asia CEO Tony Fernandes, others
- May 31, 2018

Gaur said Fernandes had lobbied and was trying to violate rule 5/20 that requires an airline to have a minimum of five years of flying experience and 20 aircraft to apply for worldwide licences. Besides Mr Fernandes, investigators also named an AirAsia director, an aviation consultant and unidentified Indian government officials in its preliminary case, PTI reported. (more...)
Porsche gets crunched in valet parking mishap Porsche gets crunched in valet parking mishap
- May 31, 2018

Matthew Talbot, the hotel's director of sales and marketing, told the Australian Broadcasting Corp the valet was "embarrassed and a little bit shocked" but was OK. The $240,000 Porsche was successfully extracted from under the Subaru and towed away, with the hotel asserting they are conducting a full investigation into the incident in conjunction with NSW Police and the owners of the two vehicles. (more...)
Australians will no longer be able to order from Amazon’s American site Australians will no longer be able to order from Amazon’s American site
- May 31, 2018

The country decided in 2015 to make the change, but since then an election, the replacement of its treasurer, a new prime minister, and lobbying against the move delayed its implementation until 2017. The Australian version launched late a year ago, with some 60 million products available. "While we regret any inconvenience this may cause customers, we have had to assess the workability of the legislation as a global business with multiple worldwide sites", an Amazon spokeswoman said. (more...)
Amazon can't or won't collect sales tax in Australia Amazon can't or won't collect sales tax in Australia
- May 31, 2018

The online retail giant said it would redirect Australians to the newly launched Australian site once the 10 percent Goods and Services Tax (GST) was applied to imported online goods worth under A$1,000 ($756) from the start of the 2018-2019 financial year. (more...)
Takata airbags to become prohibited products
- May 31, 2018

More than a million vehicles have been added to the Takata airbag recall list according to the consumer watchdog. The additions are not yet under active recall, but they're advising owners to get in contact with their manufacturer to arrange down the track. (more...)
EU's Brexit negotiator has called for "realism" from United Kingdom government
- May 31, 2018

The offer, made by EU member states, has angered European Commission bureaucrats who fear the United Kingdom could use the opportunity to influence rules on non-member states participating in EU programmes, the newspaper reported. This autonomy allows us to set standards for the whole of the European Union but also often to see these standards taken over the world", he noted. This is the normative power of the Union, or what is often called "the Brussels effect". (more...)
Jeff Bezos wants to make a colony of heavy industry in space Jeff Bezos wants to make a colony of heavy industry in space
- May 31, 2018

By using the resources on the moon and in the asteroid belt, humans could build massive colonies to escape the limitations of Earth and avoid society's stagnation; the finite resources on Earth would keep humanity from growing to its full potential.Bezos said he thinks that is "a very bad future". (more...)
Sorrell's Comeback: Plans Unveiled For New Communication Services Business
- May 31, 2018

Derriston Capital , a little-known two-year-old listed shell company, said Sorrell would become executive chairman while the deal will lead to the issue of 591,967,000 new shares. In a statement, it said it had received indications from some other institutional investors that they would, "in principle", be willing to provide more than £150m of further equity funding "to support S4 Capital's acquisition plans". (more...)
Stocks tumble as Italian crisis knocks global sentiment Stocks tumble as Italian crisis knocks global sentiment
- May 31, 2018

While it appeared that Mattarella would have no choice but to confirm the elected government, in the end he decided against it, underscoring his opposition to the coalition's choice of economy minister and his fears that the new government would end by pulling the country out of the Europe Union's common currency , the euro . (more...)
Consumer Reports recommends 'buy' for Tesla's Model 3 Consumer Reports recommends 'buy' for Tesla's Model 3
- May 31, 2018

Indeed, the outlet notes in its newest review of the vehicle that, until now, remote improvement to a car's basic functionality on such a meaningful scale as Tesla just pulled off was "unheard of". Nevertheless, Musk has posted a few tips to improve the Model 3's wind noise and ride quality. In addition to the braking issues, CR had critiqued the difficulty in accessing some of the Model 3's secondary controls through the car's large central touchscreen. (more...)
Lawmaker hails USA policy restricting visas for Chinese hi-tech students Lawmaker hails USA policy restricting visas for Chinese hi-tech students
- May 31, 2018

President Donald Trump campaigned on a promise to confront China's unfair trade practices, but his continued chaotic trade brinkmanship threatens to invite retaliation that harms American workers and farmers and the American economy, Congresswoman Nancy Pelosi alleged. (more...)
SIA to relaunch direct flights to NY on Oct 11 SIA to relaunch direct flights to NY on Oct 11
- May 30, 2018

But a switch from the Airbus SE A340-500 to the new Airbus A350-900ULR has put the route back on the map. From October it will fly between Singapore and NY using the new Airbus A350-900ULR (ultra-long-range) aircraft. There are no first-class suites or economy class seats on board. Singapore believes the new generation of ultra-fuel-efficient twin-engine wide-bodies like the A350-900ULR will make the route profitable. (more...)
BMW first to market with wireless charging
- May 30, 2018

The product offer starts with Germany, subsequently followed by the United Kingdom, the US, Japan and China. Charging starts when the driver turns the vehicle off over the pad, and automatically stops when the battery is full. A graphic icon shows when the correct parking position for inductive charging has been reached. This can deviate from the optimum position by up to seven centimeters longitudinally and up to 14 centimeters laterally. (more...)
Apple becomes most valuable firm globally with market cap of $924 billion
- May 30, 2018

Microsoft had a market capitalization of $753 billion at the close of trading on the stock market today . That compares with about $739 billion for Alphabet . Apple leads with a market cap of almost 4 billion and Amazon is at distant second, with almost 3 billion. The Azure cloud offering had 93 per cent revenue growth. (more...)
Dixons Carphone warns on profit, to close stores Dixons Carphone warns on profit, to close stores
- May 30, 2018

The move is the result of changing consumer habits said a Dixons Carphone spokesman, with customers keeping handsets longer and increasing numbers moving over to "sim-only" contracts. The electronics retailer previously forecast pretax profit of 365 million pounds to 385 million pounds for this year. In mobile, we're stabilising our performance through improvements to our proposition and network agreements. (more...)
List of National Doughnut Day 2018 deals List of National Doughnut Day 2018 deals
- May 30, 2018

At Russ's: All Lincoln locations will contribute 5 cents from every doughnut sold Friday to The Salvation Army , and The Salvation Army canteen will be at 1709 Washington St. Customers will receive a plain doughnut that can be topped with a number of DIY ingredients on the menu. Krispy Kreme: Get your hands on a free, hot and delicious confection of your choice. (more...)

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