Business


Ghana FA dissolved by government amid corruption claims Ghana FA dissolved by government amid corruption claims
- June 08, 2018

The Ghana Football Association issued a statement last month backing their president and saying he was innocent until proven guilty. The GFA statement was, however, silent on the specific steps and disciplinary procedures it intends to take against individuals named in the documentary, including Nyantakyi, who is seen on video negotiating a 25 percent slash of a sponsorship deal meant for the federation. (more...)
Daimler reveals two electric Freightliner trucks Daimler reveals two electric Freightliner trucks
- June 08, 2018

The company's Illinois-based rival, Navistar International Corp ( NAV.N ), and its partner Volkswagen AG ( VOWG_p.DE ), which is spending $1.7 billion on electric drives, autonomous vehicles and cloud-based systems by 2022, aim to launch their own medium-duty truck in North America by late 2019. (more...)
May finds cabinet compromise with Brexit fall-back plan May finds cabinet compromise with Brexit fall-back plan
- June 08, 2018

A temporary "backstop" which would effectively keep the United Kingdom in the EU's customs union should only last a year, the Government has proposed. But the EU also points out that the United Kingdom undertook to maintain full alignment for Northern Ireland with the relevant rules of both the customs union and the single market, and this paper only addresses the former. (more...)
More U.S. job openings reported than unemployed Americans More U.S. job openings reported than unemployed Americans
- June 08, 2018

For the first time in 20 years, there are more job openings in the United States than there are job seekers, the Department of Labor said. Low wage growth has puzzled economists, since employers should start paying more as workers become more scarce. (more...)
Honolulu leaders approve 1st ride-hailing price cap in U.S. Honolulu leaders approve 1st ride-hailing price cap in U.S.
- June 08, 2018

Honolulu could become the first US city to limit fares ride-hailing companies can charge when demand spikes, following a city council vote on Wednesday, the Honolulu Star-Advertiser newspaper reported. The department's deputy director testified in opposition to the bill. Supporters of the ride-sharing companies show their opposition to Bill 35 . (more...)
Ex-Cambridge Analytica boss admits getting Facebook data from researcher Ex-Cambridge Analytica boss admits getting Facebook data from researcher
- June 08, 2018

This information he revealed also showed how political campaigns like Vote Leave in the United Kingdom spent huge sums of money with the Canadian data firm AggregateIQ to influence vote outcomes. Brittany Kaiser, a director at Cambridge Analytica , met with Assange on February 17, 2017 to have a "retrospective" discussion about the election, the Guardian reported on Tuesday. (more...)
Tesla SUV, on Autopilot, Accelerated Before Fatal Mountain View Crash Tesla SUV, on Autopilot, Accelerated Before Fatal Mountain View Crash
- June 08, 2018

Notably, the data from the crashed vehicle shows that the driver had his hands on the wheel three times in the 60 seconds leading up to the crash, but for the last six seconds, his hands were not on the wheel. The flames were extinguished after the Mountain View Fire Department applied about 200 gallons of water and foam during a period of fewer than 10 minutes. (more...)
The International House of Pancakes is (allegedly) changing its name The International House of Pancakes is (allegedly) changing its name
- June 08, 2018

DINE Brands, which operates both the IHOP and Applebee's restaurant chains, said in the most recent fiscal year, IHOP stores generated sales of $3.3 billion. Social media users noticed IHOP's new logo looks very similar to o.b. tampons' and the feminine product maker is flattered. On Monday, IHOP announced the news that the company was changing its name to IHOb, but did not immediately say what the "b" would stand for. (more...)
London share trading delayed by one hour London share trading delayed by one hour
- June 07, 2018

BST (3.00 a.m. ET). The benchmark index FTSE 100 was little changed as of 9:45 a.m.in London trading. A spokesperson for the London Stock Exchange said the opening auction had been held up because of an issue with pricing data. LSE in recent months has also experienced issues with its regulatory news announcements. In May, Euronext, the first pan-European exchange, was challenged with a problem publishing major indices, including the French Cac 40. (more...)
Poundworld to appoint administrators, putting 5300 jobs at risk
- June 07, 2018

Sky News , which revealed Alteri's move, said USA firm Flacks, which expressed interest in Poundland, was no longer considered a contender. The company's management have said they are in talks with other potential buyers, and it is thought that Poundworld's founder, Chris Edwards, might take on the business. (more...)
"Didn't Canada Burn Down White House?" Donald Trump To Justin Trudeau
- June 07, 2018

But Canada did not exist at the time - it was made up of British colonies. During the call in May, sources told CNN that Trudeau asked Trump how he could justify national security as a reason for placing tariffs on Canadian steel and aluminum. (more...)
Edinburgh's House of Fraser set to close Edinburgh's House of Fraser set to close
- June 07, 2018

The closure is part of a company voluntary arrangement, or CVA, which House of Fraser has sealed with its debtors and landlords in the last few days. The head office in Baker Street will also be moved to a new location in a bid to further cut its cost base. (more...)
BA pilot arrested at London Gatwick admits alcohol level offence BA pilot arrested at London Gatwick admits alcohol level offence
- June 07, 2018

In January, Julian Monaghan, 49, was arrested on the deck of an evening flight from London to Mauritius after police believed he was going to try to fly the plane while over the legal limit. "He has been a pilot his whole life, and that has gone". 'By his own misconduct he has suffered. Rejecting this, chair of the bench Dr David Wiggins said: "I have to say the comparison to drink-driving is somewhat spurious in these circumstances". (more...)
All New Euro 6 Diesel Cars Are Still Highly Polluting, Says Study All New Euro 6 Diesel Cars Are Still Highly Polluting, Says Study
- June 07, 2018

The highest-emitting petrol Euro 6 vehicle family had approximately the same level of NOx emissions as the lowest-emitting diesel vehicle family. The True coalition says that it has tested around 4,850 models, ranging from Euro 3 to Euro 6 standards - astonishingly, all of the Euro 3, 4, and 5 diesels received a poor rating, and 91 majority of Euro 6 cars were also in the red . (more...)
'Exciting step' as test drives of flying auto begin 'Exciting step' as test drives of flying auto begin
- June 07, 2018

Kitty Hawk , funded by Page, unveiled a " Flyer " model it described as "an exciting first step to sharing the freedom of flight". The company was created past year in Google´s home town of Mountain View, California, and has been testing a prototype in New Zealand. (more...)
Uber brings electric bicycle rentals to Europe, starting with Berlin
- June 07, 2018

The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. Scores of German taxi drivers waved banners reading "Uber go home" outside the conference centre where Dara Khosrowshahi, the Uber chief executive, presented the company's Jump scheme in Berlin on Wednesday. (more...)
Coinbase Expands With Deal for Broker-Dealer Keystone Capital Coinbase Expands With Deal for Broker-Dealer Keystone Capital
- June 07, 2018

San Fransico based cryptocurrency exchange Coinbase posted on their blog today that they are on track to become a regulated broker-dealer pending approval by USA federal authorities. Acquiring that trio would give the exchange licenses to operate as a broker dealer, an alternative trading system and a registered investment adviser. (more...)
Conservative icon David Koch leaving business and politics Conservative icon David Koch leaving business and politics
- June 07, 2018

According to an official bio, David Koch has pledged or contributed a total of more than $1.3 billion to assist causes from cancer research to medical centers, educational institutions, arts and cultural institutions and public policy organizations. (more...)
Rodents scurry among buns at Burger King in Delaware Rodents scurry among buns at Burger King in Delaware
- June 07, 2018

Andrea Wojcik, acting as a spokeswoman for the Division of Public Health said the Office of Food Protection received a complaint about the restaurant on Friday, June 1. "We can confirm that the Restaurant is temporarily closed and will reopen once this issue is addressed ", Burger told KYW-TV. The inspection report found that rodent droppings were found on and inside the hamburger and chicken sandwich buns. (more...)
Virgin Australia passengers circle Brisbane for hours after tyre burst Virgin Australia passengers circle Brisbane for hours after tyre burst
- June 07, 2018

Interruptions while connecting to Wi-Fi are also likely to occur during the flight. Virgin Australia released a statement saying the incident was due to an engineering issue. "We're proud to be the leader in providing Australians with greater inflight connectivity on global flights". Tash Tobias, general manager - customer experience and project at Virgin Australia says the airline has been working in the background over the past couple of months installing the Wi-Fi services on its ... (more...)
Emirates has plans to fly windowless aircraft in future Emirates has plans to fly windowless aircraft in future
- June 07, 2018

Emirates president Sir Tim Clark says the image quality is actually better than real windows, and as far as passengers are concerned it will be as though the real window is still there. Aviation expert John Strickland told the BBC people "want to be able to look out and see skyscapes" adding: 'I'm a bit of a window obsessive. This will make aircraft lighter - and thus more fuel-efficient - as well as stronger. (more...)
Chinese firm ZTE reaches preliminary agreement with U.S. to restore business Chinese firm ZTE reaches preliminary agreement with U.S. to restore business
- June 07, 2018

Amidst the white-hot trade tension brewing between the worlds two most powerful superpowers, U.S. President Donald Trump surprisingly announced his intention to help the beleaguered Chinese company which we covered here last month . tariffs on aluminum and steel ended inconclusively with no mention of the ZTE matter. U.S Senate Democratic leader Chuck Shumer quipped, "By letting ZTE off the hook, the president who roared like a lion is governing like a lamb when it comes to China". (more...)
Super Cruise coming to full Cadillac lineup, other GM brands Super Cruise coming to full Cadillac lineup, other GM brands
- June 07, 2018

Additionally, GM is pairing its expansion of Super Cruise with the integration of Vehicle-to-Everything (V2X) wireless communication in its fleet. GM is "committed to ushering in a new era of personal transportation, and technologies like these will enable it", Reuss said in a statement. (more...)
ZTE reportedly signs preliminary deal to lift United States technology ban
- June 07, 2018

It appears that the Trump administration is pretty bothered by the fact that ZTE wanted to replace a top executive with one from another company that was also sanctioned by the USA government for being a national security threat. It has a small but rising share of the smartphone business in the US. "By letting ZTE off the hook, the president who roared like a lion is governing like a lamb when it comes to China". (more...)
European Union to impose retaliatory tariffs on USA imports from July
- June 07, 2018

European Commission Vice President Maros Sefcovic said Wednesday that formalities in finalizing the EU's response should be completed this month and "that the duties start applying from July". The EU says it expects to retaliate next month after the USA imposed tariffs on the bloc's steel and aluminium products, sparking fears of a global trade war. (more...)

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