Business


Island dairy farmers fear US could double-dip in market access Island dairy farmers fear US could double-dip in market access
- June 17, 2018

Perdue said the United States was likely to reach a trade deal with Mexico before Canada, with whom it has "intractable issues", although he said he was still optimistic of reaching an agreement. "My friends, we must stand together during these critical negotiations because there's so much at stake", he said. That's not to say the USA could walk away from a trade war unscathed. (more...)
McDonald's is ditching plastic straws from all their Irish restaurants McDonald's is ditching plastic straws from all their Irish restaurants
- June 17, 2018

Mr Naughten said McDonald's was "moving in the right direction by eliminating single-use plastics". Campaigners, such Michaela Hollywood who has spinal muscular atrophy, have urged companies to ensure they are providing alternatives to plastic straws as opposed to an all-out ban, as some disabled people rely on straws in order to be able to drink. (more...)
BHP approves South Flank project BHP approves South Flank project
- June 16, 2018

The world's biggest mining company expects production to start in 2021 at the project, which is meant to replace depleting mines rather than adding new supply, BHP said in a statement Thursday. FMG said Eliwana would create up to 1,900 jobs during construction and 500 full-time positions once operational. Global iron ore giant Rio Tinto is also ramping up its Pilbara operations, with its Silvergrass mine, which came into operation in August a year ago, building up to nameplate capacity. (more...)
China Declares Trade War Launched After Trump Unveils $50B Tariffs
- June 16, 2018

Trump said the tariffs would be imposed on a list of strategically important imports from China . The US imported $505 billion of goods from China past year and exported about $130 billion, leaving a 2017 deficit of $376 billion, according to government figures. (more...)
Jaguar Land Rover launches United Kingdom subscription service Jaguar Land Rover launches United Kingdom subscription service
- June 16, 2018

The scheme, called Carpe, is available without a deposit. Would you consider a vehicle subscription service? The subscriber will have the option to change programs every 12 months. If you can't afford to buy a new auto outright, the next best option is to lease one through a dealer, although this option comes with added interest that makes up end up spending thousands of pounds more than the car's value. (more...)
Euro Suffers Biggest Fall Since October as ECB Reveals Interest Rate Policies Euro Suffers Biggest Fall Since October as ECB Reveals Interest Rate Policies
- June 16, 2018

The central bank has undertaken an unprecedented programme of stimulus since the eurozone debt crisis . The purchases would then be wound up completely after December. and ABN Amro Group NV. Officials revised their inflation forecast for the next two years from 1.4% previously to 1.7%. "The Governing Council expects the key European Central Bank interest rates to remain at their present levels at least through the summer of 2019 and in any case for as long as necessary to ensure that the ... (more...)
Jacamo and Simply Be owner N Brown mulls store closures Jacamo and Simply Be owner N Brown mulls store closures
- June 16, 2018

In 2017, the stores generated an underlying loss of £3m. N Brown Group Plc, in its trading update covering the 13 week period to June 2, 2018 said that the group revenue increased 0.4 percent, while product revenue was down 2.8 percent. (more...)
Supermarkets cut fuel prices amid claims retailers failing to pass on savings Supermarkets cut fuel prices amid claims retailers failing to pass on savings
- June 16, 2018

Fuel prices are beginning to relax, as supermarket Asda announced a price cap of £1.25 for petrol and £1.28 for diesel across its United Kingdom filling stations - a drop of up to 3p and 2p respectively, reports the Guardian . Fuel retailers have finally lowered prices at the pumps after cheating motorists for weeks, according to the RAC. This is the most expensive both fuels have been since September 2014. (more...)
Unilever Signals It Is Unlikely To Stay In FTSE After Dutch Move Unilever Signals It Is Unlikely To Stay In FTSE After Dutch Move
- June 16, 2018

The group has certain listing requirements and analysts had previously predicted that Unilever would not meet them. Pitkethly said Unilever (NYSE: UL - news) understood its departure from the FTSE will have negative implications for some United Kingdom investors, but repeated that simplification of its structure was the best move for the company and shareholders as a whole. (more...)
CK Infrastructure Holdings makes takeover bid for APA Group CK Infrastructure Holdings makes takeover bid for APA Group
- June 16, 2018

CK Infrastructure, in partnership with CK Asset Holdings and Power Assets Holdings, offered A$11 per share. The proposal offers a 33 per cent premium to the $8.27 price prior to Wednesday's market open. The CKI-led consortium welcomed APA's decision to enter talks, saying the all-cash proposal provided a "compelling opportunity" for security holders to realise value. (more...)
Australian jobs market continues to soften
- June 16, 2018

Paul Turek, economist for the department, says in a written statement that gains "were widespread across industries with most adding jobs". Such expectations follow a fairly patchy start to the year, which included two months of small employment declines after the record of more than 400,000 jobs were secured over 2017. (more...)
Target Apologizes, Pulls ‘Baby Daddy’ Father’s Day Card From Shelves Target Apologizes, Pulls ‘Baby Daddy’ Father’s Day Card From Shelves
- June 16, 2018

Takeisha Saunders was browsing the greeting cards aisle at a Dallas-area Target and began scanning the "husbands" section. After getting over her initial shock, Saunders said she talked with her husband, who urged her to post the photo to Facebook to bring awareness to the issue. (more...)
UK House Price Balance Improves In May UK House Price Balance Improves In May
- June 16, 2018

Quite possibly, a lot of vendors have held off marketing their homes over the last few months waiting for "the right time", particularly given ongoing political uncertainty, but interest rates holding in May rather than the predicted increase together with gardens finally looking better following a few weeks of balmy weather, would suggest that those listing in May have now made a decision to just get on with it. (more...)
AT&T Finalizes Merger with Time Warner
- June 16, 2018

The giant USA telco is now the owner of some of the biggest properties and brands in the media world. "I'm very proud about what we have accomplished together, and I hope you're as excited as I am about the opportunities ahead", Bewkes says in the eight-minute video, which includes a pretty thorough history-as-legacy of Warner Bros, Time Warner, Turner through good and bad. (more...)
Three years later, Google still has big-time diversity issues Three years later, Google still has big-time diversity issues
- June 16, 2018

So the tech giant is doubling down and making changes, including making diversity and inclusion a priority for the company's "most senior leaders", Danielle Brown, chief diversity and inclusion officer, said in the report released Thursday. (more...)
Chennai-born Dhivya Suryadevara named CFO of US carmaker General Motors Chennai-born Dhivya Suryadevara named CFO of US carmaker General Motors
- June 16, 2018

Barra's career included a stint running GM's human resources division, but she also served as head of manufacturing engineering and head of product development. She is a chartered financial analyst and accountant. In 2016, she was named Automotive News Rising Star, while past year, she was named as a Crain's Detroit Business 40 Under 40 victor. (more...)
Rolls-Royce plans to axe 4600 jobs in restructuring push Rolls-Royce plans to axe 4600 jobs in restructuring push
- June 16, 2018

In a statement , the company said around 1,500 jobs would be lost by the end of 2018, with more cuts due in 2019 and 2020. Frank-Martin Hein, spokesperson for Rolls-Royce, said that up to 2,000 redundancies could be made this year and that mostly support and management roles will be cut. (more...)
Prosecutors charge six Fitbit employees with stealing Jawbone trade secrets Prosecutors charge six Fitbit employees with stealing Jawbone trade secrets
- June 16, 2018

Those indicted are scheduled to appear in court on July 9, 2018. Authorities say each of these people worked for Jawbone for at least a year between 2011 and 2015, and afterward, they worked at Fitbit. Thursday's indictment alleges the six employees took a variety of confidential documents, such as "schematics, design specifications and detailed description" of an unreleased headphone, emails and design documents related to different headphones, financial profit and loss forecasts and an ... (more...)
Multiple people shot at grocery store near Atlanta Multiple people shot at grocery store near Atlanta
- June 16, 2018

Investigators confirm "multiple adults" have been shot. They later clarified that there were three victims. There were no fatalities. Police say the targeted man and woman were not hit by any bullets fired by their attackers. Police told 11 Alive three suspects who had allegedly followed a man and a woman into the store had been shot and taken to hospital after shooting broke out in the carpark. (more...)
China: ‘The US has launched a trade war’ China: ‘The US has launched a trade war’
- June 16, 2018

Trump's revised tariff list might exclude some consumer items from an earlier proposal to focus more on goods related to Beijing's " Made in China 2025 " program, Eurasia Group said in a report . Trump laid out a list of more than 800 strategically important imports from China that would be subject to a 25 per cent tariff starting on July 6, including cars, the latest hardline stance on trade by a USA president who has already been wrangling with allies. (more...)
Facebook confirms it tracks your mouse movements on the screen Facebook confirms it tracks your mouse movements on the screen
- June 16, 2018

Facebook also engaged in special deals with specific companies to allow them access to user's friends data, a new report has revealed. Then, if users click on an ad, they will get a notification that looks like this, making it clear what personal contact information a business has on them. (more...)
Own this entire ghost town south of Yosemite for under $1 million Own this entire ghost town south of Yosemite for under $1 million
- June 16, 2018

Established in 1865, Cerro Gordo was once the largest producer of silver and lead in California and helped spur economic growth in Los Angeles . In the shadow of Mount Whitney , Cerro Gordo includes 300 acres of sage-studded land with mineral rights and a well-preserved authentic ghost town. (more...)
Sheriff: 1 deputy killed, 1 critical in shooting Sheriff: 1 deputy killed, 1 critical in shooting
- June 16, 2018

The department supports the use of body cameras but is still years away from implementing them due to concerns over cost. The other deputy, who police have only identified as a woman, remains in critical condition. Bailiff said the inmate was being taken across the street from the jail, to the services building, for a court hearing. The department is leading the investigation. (more...)
Colorado Springs man ID'd as suspect in Westminster fatal shooting Colorado Springs man ID'd as suspect in Westminster fatal shooting
- June 16, 2018

Webster was taken into custody about three hours after the shooting along I-25 in Castle Rock. The slain boy's mother and brother were in critical condition, authorities said. A man not related to the family also was shot in the parking lot in the city of Westminster but was less seriously wounded. Webster was born in New Jersey and does not have a criminal history in Colorado, according to court and law enforcement records. (more...)
Sheltered Canadian Dairy Sector Skimming Global Exports, US Complains Sheltered Canadian Dairy Sector Skimming Global Exports, US Complains
- June 16, 2018

For Trudeau, "there are fewer things he can get in exchange, there isn't money to splash around to get farmers who have a quota to give it up and this is an important issue in Quebec, which provides many seats for the Trudeau government". Bangladesh Dairy Farmers' Association on Tuesday said reducing duty to 10 per cent from 25 per cent on filled milk powder in the proposed budget for fiscal year 2018-19 would hamper local milk production and destroy the country's emerging milk industry. (more...)

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