Business


McDonald's to test paper straws in U.S. McDonald's to test paper straws in U.S.
- June 20, 2018

And because plastic drinking straws are in most cases too lightweight to recycle they end up polluting our oceans. Following the announcement that McDonald's will start phasing out plastic straws from some of its outlets, consumer watchdog, SumOfUs, urges the chain to "go further" and ban plastic straws in all their outlets worldwide, to tackle the growing crisis of plastic pollution . (more...)
Oil prices hit by flaring tensions over U.S.-China trade Oil prices hit by flaring tensions over U.S.-China trade
- June 20, 2018

EDT (1531 GMT), while U.S. West Texas Intermediate crude futures CLc1 fell $1.01, or 1.6 percent, to $64.84 a barrel. Chinese stocks fell to their lowest in nearly a year, while in the United States, all three major stock indexes were down, with the Dow Jones Industrial Average erasing its gains for the year. (more...)
South32 to buy remaining 83% of Arizona Mining for $1.75b South32 to buy remaining 83% of Arizona Mining for $1.75b
- June 19, 2018

The bid is worth $C6.20 ($A6.31) per share, which represents a 50 per cent premium to Friday's closing price of $C4.13. The deal is now proposed. The directors of Arizona Mining, which owns the Hermosa Project in Arizona near the border with Mexico, unanimously recommended that shareholders vote in favor of the transaction, South32 said. (more...)
China blasts Trump's new tariff threat as 'blackmail' China blasts Trump's new tariff threat as 'blackmail'
- June 19, 2018

Miffed by Pompeo's comments, China hit back saying that U.S. is making allegations to cover up its unilateral protectionist policies. China vowed to protect its interests, countering any U.S. This comes after the USA slapped 25 percent duties on $50 billion worth of Chinese imports. Mr. Trump said that if China responds to this fresh round of tariffs, then he will move to counter "by pursuing additional tariffs on another $200 billion of goods". (more...)
Square obtains NY State cryptocurrency license Square obtains NY State cryptocurrency license
- June 19, 2018

The DFS said in a statement that it conducted a "comprehensive review" of the Cash app's policies on matters regarding anti-money laundering, anti-fraud, capitalization, consumer protection and cybersecurity policies. "I am a huge fan", he said. Its Cash app also facilitates mobile payments for businesses and friends. The company had $34.1 million in revenue from the new bitcoin offering in the first quarter of this year, but its bitcoin costs were $33.9 million, according to a May ... (more...)
Controversial sign at Dunkin' Donuts shop causes Twitter uproar Controversial sign at Dunkin' Donuts shop causes Twitter uproar
- June 19, 2018

In response to a follow-up question about whether the general manager who posted the sign would face any consequences, a spokesperson added, "All Dunkin' Donuts restaurants are independently owned and operated, and the franchise owner is exclusively responsible for their own employment matters". (more...)
Evacuation at Winnipeg airport following 'possible security incident' Evacuation at Winnipeg airport following 'possible security incident'
- June 19, 2018

The evacuation was lifted at about 8:15 a.m., but several flights were delayed following the incident. It was the third evacuation at the airport in the past year. "I wasn't sure how serious the situation was, but everyone was very calm and directed us very well", she addedLong line for security at the airport. (more...)
Microsoft takes a stand against ICE separating parents from children Microsoft takes a stand against ICE separating parents from children
- June 19, 2018

The ICE is now under fire from both sides of the political spectrum for separating migrant parents from their children at the United States-Mexico border. The post was resurfaced on Monday. In the blog post, Microsoft says its technology can help the agency, which is responsible for border control, customs, trade and immigration, "accelerate facial recognition and identification". (more...)
Amazon Launches Alexa for Hospitality on Echo Smart Speakers, Marriot Signs Up
- June 19, 2018

Other tasks that Alexa for Hospitality can do include checking guests out of their room, turning on the lights or playing lullabies to help them fall asleep. "Today's early adopter, hyper-connected global traveller wants a level of personalisation unlike ever before, and that means being able to control their hotel experience with the sound of their voice", said global brand leader Brian McGuinness at the time. (more...)
Stocks open sharply lower on trade tiff
- June 19, 2018

President Donald Trump threatened Monday evening to impose tariffs on an additional $200 billion worth of Chinese goods if Beijing follows throw with its promise to retaliate against a previous round of United States tariffs. The yield on the US 10-year Treasury fell to 2.89 percent from 2.92 percent. It was followed by construction equipment maker Caterpillar, which dropped 2.8 percent. (more...)
Bitcoin 'would break the internet' if used at national retail scale Bitcoin 'would break the internet' if used at national retail scale
- June 19, 2018

But because every single transaction is added to the digital ledger, the report said using a cryptocurrency like bitcoin for retail transactions around the world would quickly swell the ledger beyond the capacity of computer servers to store it. (more...)
Amazon’s Alexa is coming to Marriott hotel rooms
- June 19, 2018

The device also can make restaurant recommendations and can connect guests to a wide range of hotel services and amenities and operating hours. The Seattle company on Tuesday introduced Alexa for Hospitality, a set of features that enable hotel operators to program the voice-activated software to answer questions about the hotel or request services. (more...)
Orange, execs charged over staff deaths Orange, execs charged over staff deaths
- June 19, 2018

Amongst the cases documented of the suicide included a woman who killed herself at work in Paris, a man found dead in his home after a letter was found allegedly blaming the organization and a worker who attempted to kill himself on arrival to work in 2011. (more...)
Disney Expected to Add Cash for Fox Assets, Counter Comcast Bid
- June 19, 2018

Disney previously offered $52.4 billion in stock a year ago, with reports that said the deal has since grown in value to be worth about $55.5 billion, which had been enough to enter an agreement with Fox to purchase the studio's assets back in December. (more...)
Oil Drops in Choppy Trade Ahead of OPEC Meeting
- June 19, 2018

After recording fresh 2-month lows in the vicinity of $63.50 in early trade, prices of the American benchmark for the sweet light crude oil have recovered the $65.00 mark and are now clinching fresh tops in the $65.30 region. Investors expect the spat to come at the expense of US oil firms, pulling down the share prices of ExxonMobil and Chevron by 1 to 2 percent since Friday, while USA crude oil prices fell by around 5 percent. (more...)
Theranos Founder Holmes Indicted in Blood-Test Scheme Theranos Founder Holmes Indicted in Blood-Test Scheme
- June 19, 2018

Attorney Alex Tse said in a statement . After the testing device that Holmes claimed would be able to run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by United States regulators and was sued by investors, and the company let go many of its employees. (more...)
Airtel embroils into controversy over a tweet from its customer Airtel embroils into controversy over a tweet from its customer
- June 19, 2018

Instead, a non-Muslim executive of Airtel wrote, "Hi Pooja!" Her next tweet read as Dear Abusers, I simply made a request to change representative from Muslim to Hindu. "We urge all our customers and driver partners to treat each other with respect at all times". Further, the company said in a statement to the media, "We request everyone not to misinterpret and give it unnecessary religious colour". (more...)
Trump Threatens China With Fresh Tariffs On $200 Billion Of Imports Trump Threatens China With Fresh Tariffs On $200 Billion Of Imports
- June 19, 2018

The U.S. imported $505 billion of goods from China a year ago and exported about $130 billion, leaving a 2017 trade deficit of $376 billion, according to U.S. Some analysts, however, believe there is still room for compromise, suspecting Trump's announcement was a negotiating tactic to wring faster concessions from Beijing. (more...)
Elon Musk says Tesla factory was sabotaged by disgruntled employee Elon Musk says Tesla factory was sabotaged by disgruntled employee
- June 19, 2018

Last week, Elon Musk announced that the company would be letting go around 9% of its workforce as part of a " reorg ". The employee in question, who was reportedly motivated by failing to receive a promotion, made "direct code changes" to Tesla's internal operating systems and exporting classified information to "unknown third parties". (more...)
Amazon Prime now available in Australia with free shipping and more
- June 19, 2018

The online retail giant said the Australian offering of Prime had the most extensive benefits of the service for any country at launch, The Courier Mail reported. However, Prime in Australia only offers free two-day business delivery, whereas you can get free same-day or next day delivery in the US for some items on Amazon. (more...)
Donald Trump Readies New Tariffs for China
- June 19, 2018

President Donald Trump's threats of more tariffs on China raised worries about an escalating trade war between the world's two largest economies. "Just ask yourself: Would China have allowed America to do to it what China has done to America?" he said later. "Let's be clear: It's the most predatory economic government that operates against the rest of the world today". (more...)
There are national problems with the Telstra network yet again There are national problems with the Telstra network yet again
- June 19, 2018

According to the official Telstra Outages website, Sydney CBD was among areas affected. Telstra said the fault was confined only to smaller operators that wholesale from its network. The outage, which is affecting 3G and 4G users nationwide, is affecting Telstra customers in most of the country's capital cities. Telstra later said services "returned to normal levels" but admitted at the time they did not know the root cause of the problem. (more...)
Trump on a Tear Over Immigration: Rips Dems, European Policies Trump on a Tear Over Immigration: Rips Dems, European Policies
- June 19, 2018

This includes migrants who have either registered or applied for asylum in another European Union country, he added. Germany's CSU is running scared because they have aligned themselves with a chancellor who is seen as not caring that her policies have allowed criminal aliens to run wild. (more...)
Telstra hit by mobile outages in major Australian cities Telstra hit by mobile outages in major Australian cities
- June 19, 2018

Network-monitoring website aussieoutages .com reported users had been having problems since earlier this morning. Telstra said the fault was confined only to smaller operators that wholesale from its network. (more...)
China Calls Fresh US Tariff Threat China Calls Fresh US Tariff Threat "Blackmail", Warns Of Countermeasures
- June 19, 2018

Oil prices were up around 1.5 percent yesterday afternoon, on reports from Bloomberg that producers were considering increasing output by between 300-600,000 barrels per day, compared with a 1.5 million barrel per day initially sought by Russian Federation. (more...)

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