Business


Live mice found in Wendy's hamburger bun package
- June 18, 2018

As of Saturday, the restaurant was open to customers. "She told me, 'just take a new rack and get the buns underneath". "There was no stopping, so we had to keep going", said their coworker, Vincent Vang. "I just hear 'mouse, mouse, mouse!'... That was just disgusting because last time there was rat faeces it was dribbling underneath every other rack", she revealed. (more...)
McD's to test plastic straw alternatives McD's to test plastic straw alternatives
- June 18, 2018

Paper straws will be rolling out to all United Kingdom restaurants from this September!" the fast-food giant announced on Twitter this morning. "McDonald's uses millions of plastic straws every single day". The movement to eliminate plastic straws is gaining momentum in the US, as well. Governments are also getting in on the plastic straw ban act. The rising levels of plastic waste in the world's oceans have become a hot topic in recent weeks, with the European Union and the ... (more...)
Japan halts wheat shipments after genetically modified wheat found in Alberta Japan halts wheat shipments after genetically modified wheat found in Alberta
- June 18, 2018

The Canadian Food Inspection Agency announced on Thursday a dozen wheat plants tested had found to be genetically modified to tolerate herbicide. "We're disappointed with Japan's decision to suspend the trade of Canadian wheat and we're working to provide them with the assurances they need to reopen their markets". (more...)
China's central bank continues open market operations, rates unchanged China's central bank continues open market operations, rates unchanged
- June 18, 2018

Chinese equities were boosted by the news that the PBOC wouldn't raise rates, before dropping after the economic data was released. A woman rides past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, April 3, 2014. (more...)
Trump Wants Trump Wants "Really Long Strike" By WaPo Staffers
- June 18, 2018

Jeff Bezos , who is at the top of Forbes magazine's latest list of richest Americans at $112 billion.is accused in the letter of not offering "fair wages; fair benefits for retirement, family leave and health care; and a fair amount of job security, " Britain's Daily Mail reported . (more...)
US industrial production fell 0.1 percent in May - Newswatch US industrial production fell 0.1 percent in May - Newswatch
- June 18, 2018

They explained that a fire at a parts supplier played a role, but there was some weakness that the fire does not explain. Washington, DC, June 15, 2018-Industrial production edged down 0.1% in May after rising 0.9% in April, according to the Federal Reserve . (more...)
AT&T finalizes deal to acquire Time Warner AT&T finalizes deal to acquire Time Warner
- June 18, 2018

Cetera Advisors LLC now owns 5,398 shares of the media conglomerate's stock valued at $491,000 after buying an additional 978 shares during the last quarter. After $2.28 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -30.70 % negative EPS growth. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company. (more...)
Elon Musk's Boring Company wins bid for Chicago O'Hare Express Loop Elon Musk's Boring Company wins bid for Chicago O'Hare Express Loop
- June 17, 2018

At a press conference Thursday, the two men laid out the bare bones of the proposed line that would whisk passengers between downtown and the airport in 12 minutes in automated vehicles traveling through an underground tunnel as electric "skates". (more...)
Canada Goose: Fiscal 4Q Earnings Snapshot Canada Goose: Fiscal 4Q Earnings Snapshot
- June 17, 2018

On Wednesday, June 13 the stock of Canada Goose Holdings Inc . Finally, Credit Suisse Group initiated coverage on Canada Goose in a report on Monday, March 12th. Renaissance Technologies LLC bought a new position in Canada Goose in the 4th quarter worth approximately $6,798,000. Jackets hang at the factory of Canada Goose Inc.in Toronto on November 28, 2013. (more...)
Argentina's finance minister named new head of central bank Argentina's finance minister named new head of central bank
- June 17, 2018

According to Salvador, Sturzenegger was removed because the central bank was not sending clear messages, which created confusion and even mistrust among investors. Since April, the peso has dropped 30 percent against the dollar, including 8.65 percent this week. The Argentine peso is climbing against the USA dollar after a switchup in leadership at its central bank, which hasn't been able to prop up the country's flailing currency despite landing the biggest International Monetary Fund ... (more...)
Man Suspected Of Defrauding More Than 1,000 Walmart Stores Man Suspected Of Defrauding More Than 1,000 Walmart Stores
- June 17, 2018

The man, identified as Thomas Frudaker, 23, was arrested Wednesday after police were alerted by employees at a Yuma store after they noticed a suspicious transaction, said Edith Ruiz, a spokeswoman for the Yuma police. Police estimate the returns cost Walmart about $1.3 million. Frudaker was charged with six felonies, including two counts of theft, two counts of fraudulent schemes and artifices and two counts of criminal damage. (more...)
Rolls-Royce to axe 4,600 jobs in major restructuring Rolls-Royce to axe 4,600 jobs in major restructuring
- June 17, 2018

According to the BBC, cuts will affect mainly middle managers and secretarial staff, which is expected to weaken the company base in Derby in Britain. Rolls-Royce investors are keeping their seat belt fastened despite the promise of an increasingly smooth journey. The company said it expects the total cash cost of the restructuring to come in at £500m, which will include the cost of redundancies and the systems investments needed for the programme. (more...)
International Monetary Fund warns America of consequences of protectionist trade policies International Monetary Fund warns America of consequences of protectionist trade policies
- June 17, 2018

But Washington should not ignore the US workers harmed by globalization, but "should focus on mitigating the downsides through training, temporary income support and job search assistance". The Treasury secretary Steven Mnuchin said that he views the fund's medium-term outlook as too pessimistic. The IMF report was highly critical of Trump's trade policies in particular. (more...)
Union wins first round of Deliveroo high court employment challenge Union wins first round of Deliveroo high court employment challenge
- June 17, 2018

Trade union FNV is taking meal delivery service Deliveroo to court for paying its delivery staff as if they are self employed while in fact they work for the British company, according to broadcaster NOS . If won, the IWGB claimed, the case would have significant ramifications for the gig economy and human rights in the UK. "Companies like Deliveroo and others have built their success on an exploitative business model, denying worker's their rights and swerving their obligations under the ... (more...)
Final Frontier? William Shatner Boldly Goes into Bitcoin Mining Final Frontier? William Shatner Boldly Goes into Bitcoin Mining
- June 17, 2018

Solar Alliance specializes in alternative energy projects, and they just announced that they're opening a solar-powered cryptocurrency mining operation in Murphysboro, a small town of 8,000 residents in IL. The concept is so, I guess the word is freaky. "How does mining operate, again?' The concepts are really unusual, and yet when you begin to grasp it, it makes sense ". (more...)
Bitcoin bubble was inflated by Tether, researchers say Bitcoin bubble was inflated by Tether, researchers say
- June 17, 2018

The price manipulation accusations come from the fear that the new Tether coins were allegedly created and therefore not bought with, or backed up by the United States dollars they claim to represent. "In this setting, the tether creators have several potential motives". "First, if the tether founders, like most early cryptocurrency adopters and exchanges, are long on bitcoin , they have a large incentive to create an artificial demand for bitcoin and other cryptocurrencies by ... (more...)
EDF to fork out £350,000 after missing smart meter targets EDF to fork out £350,000 after missing smart meter targets
- June 17, 2018

It will pay £350,000 into Ofgem's consumer redress fund, which goes towards supporting consumers in vulnerable situations and the development of products or services not now available to customers. "We recovered the shortfall quickly in 2018 and are on target for this year". Ofgem said smart meters bring "immediate benefits" to consumers, helping them take control of their energy usage. (more...)
Universal credit 'has not demonstrated value for money and has caused hardship' Universal credit 'has not demonstrated value for money and has caused hardship'
- June 17, 2018

Despite £1.3 billion spend so far, over multiple years, the National Audit Office report states that Universal Credit is still at a relatively early stage of progress. "As it has rolled out Universal Credit to more claimants and areas, these changes have become increasingly embedded across the department". Auditor general Amyas Morse said that the department had kept pushing the Universal Credit rollout through a series of problems, including a project reset in 2013 amid IT issues. (more...)
China's Ride-Hailing Giant Didi Chuxing to Launch in Australia China's Ride-Hailing Giant Didi Chuxing to Launch in Australia
- June 17, 2018

The launch of DiDi Express in Australia brings the service into competition with Uber and Australian-owned Go-Catch, as well as Estonian company Taxify , which entered Australia previous year, and Ola , which launched in Perth earlier in 2018 and now operates in Melbourne and four other Australian cities. (more...)
Royal Mail BANS posties from displaying England flag on rounds Royal Mail BANS posties from displaying England flag on rounds
- June 17, 2018

It may cost drivers at the pump though - with some experts claiming an average auto with two flags attached burns an extra litre of fuel per hour than those without. Today the move was condemned by Labour MP John Spellar, who said: 'It's absolutely astonishing . Police have previously warned that fans travelling to Russian Federation to watch could "come across as imperialistic" if they display the St George flag. (more...)
ASIC launches legal action against Westpac ASIC launches legal action against Westpac
- June 17, 2018

Australia's banks are under intense scrutiny as a year-long public inquiry into finance sector misconduct, now in its fifth month, airs nearly daily allegations wrongdoing. It comes less than two months after shocking revelations of dodgy behaviour in the financial advice arms of the big banks and AMP came out in the royal commission . (more...)
Egypt raises petrol prices by up to 50%
- June 17, 2018

The Ministry of Oil announced the new prices in a statement on Saturday morning. The ministry said the price for 95 octane gasoline was increased to 7.75 Egyptian pounds a litre from 6.60 pounds; 92 octane was increased to 6.75 pounds a litre from 5 pounds and 80 octane was raised to 5.50 pounds a litre from 3.65 pounds. (more...)
'White substance' found on plane at Sydney Airport 'White substance' found on plane at Sydney Airport
- June 17, 2018

Five NSW Fire & Rescue trucks are going through security clearance at the worldwide airport after receiving a call at 7.48am on Friday that "a substance was found in the hold", a spokesman told AAP. A New South Wales Fire and Rescue spokesman told Daily Mail Australia: 'Seven crews, including HAZMAT, attended Sydney Airport just after 8am. Fire fighters in protective suits went in to investigate and clean up the spill after it was discovered by baggage handlers. (more...)
Steve Bannon Bets On Bitcoin, Calls Cryptocurrencies 'Disruptive Populism' Steve Bannon Bets On Bitcoin, Calls Cryptocurrencies 'Disruptive Populism'
- June 17, 2018

On the other hand, Steve Bannon, who is the former Chief Strategist of President Donald Trump, has expressed his views about starting a new cryptocurrency . However, far from being "annoyed", the opposite has happened. Speaking with The New York Times , Bannon talked about the disruptive potential of cryptocurrencies and blockchain. (more...)
China Jan-May property investment up 10.2 pct y/y China Jan-May property investment up 10.2 pct y/y
- June 17, 2018

Underlining firm demand, steel stockpiles at both mills and traders declined in May despite rising output, Mysteel consultancy data showed. Adding to the uncertainty over economic conditions, China's central bank left its short-term money market rates unchanged earlier in the day, surprising financial markets and analysts who had expected it to follow a policy rate rise by the U.S. (more...)

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